RE: GUESS I WAS WRONGI was expecting a pull back from profit taking on Thursday and that didn't happen. I was expecting it to happen today and that didn't happen. It sure looks like the buyers are still in the game so far. If she doesn't drop more than a cent or two tomorrow or in fact closes higher then today's then I would say the stock is looking really strong. In fact I'll be watching it very closely tomorrow and will probably put a bid in around 53 cents or so to see if I can get lucky. 55 cents was the low today and not many shares traded hands.
Copper is still on fire.Gold was very strong today and my wild guess from last year was that in the new year it should start moving back up and break the downward sideways trend. So I guess we'll see what 'it does for the rest of the week.
Since you went out on a limb regarding Coro today. I guess I can go out on one and take a wild guess and say that tomorrow Coro will trade down a few cents at which time I get my order filled and then finish off up a few cents 59 60 cents and then we'll start a slow up trend till either they get the green light on the EIS or if they don't get it then we'll get a major crash in price. I bet you when Ridge reads this he is saying that MM is crazy -> way too much risk for the reward. The price of copper is giving me this warm fuzzy feeling and the talking heads - G&M article "Other data showed China's manufacturing sector expanded at its fastest rate in 20 months in December." If in fact China is turning the corner then my wild guess is that copper will break 4 bucks this year even thought the US economy is still on life support which is great for the price of gold. Copper & gold is the place to be in 2010 but that is JMHO.
MM