RE: RE: Panik TradesSorry for you guys, but there's one thing you got to remember this stock will go to $6. Unfortunately when dips like today happens, usually it causes a panic and a selling spree. We will start october tomorrow and we can expect CAN to go up. Last quarter will be very good with more drill results (like the one down below) coming in. This stock is a keeper so as long as you keep you're cool and get you're emotions out of the equation... you'll be succesful.
Do you're own DD before buying.
BTW for those that forgot what CAN hitin the last report.. check this out;
Vancouver, BC, September 17, 2010 -- Canaco Resources Inc. (TSX-V: CAN) is pleased to announce new drill results from the Company's Magambazi gold discovery located in the Handeni region of the United Republic of Tanzania.
Results from the project continue to provide steady growth to the mineralization at Magambazi with new intercepts from the high-grade shoot component of the Magambazi Main Lode including:
- 15.6 metres @ 6.60 grams gold per tonne ("gAu/t") (MGZD0082) including 10.6m @ 8.39 gAu/t (section 60,560N)
Results from the Magambazi Central area include:
- 27 metres @ 4.29 gAu/t (MGZD0079) including 14 metres @ 6.21 gAu/t
- 18 metres @ 3.4 gAu/t (MGZD0076) including 7.3 metres @ 5.70 gAu/t
- 18.4 metres @ 3.01 gAu/t (MGZD0077) including 4.9 metres @ 6.45 gAu/t
Not bad at all :)