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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by Yukon_Corneliuson Aug 07, 2011 4:53pm
193 Views
Post# 18913859

RE: RE: Reginald's Genius and His Companies

RE: RE: Reginald's Genius and His CompaniesHard to say when the overall market shakeout will subside. When markets tumble as they did last week, I always take into account that many people get scared and just sell. Others get margin calls and have to sell, while still others have other stocks they've been looking to buy that are on sale- so they sell some shares of something that they hold a lot of, and flip them over. Last week before the big crap-out day, I was preparing to buy 5000 at .44-45 and I got them for .40. Guess .35 was reachable, but I don't think that trend will continue in Douglas. If it does I may have to dive in for another batch- we'll see. But the market event caused our drop- not a negative business event. So it may last a couple more days- hard to say- but knowing what is out ahead of us near-term, I wouldn't fret much over this dip. Last week's sellers with cash on the sidelines will end up somewhere in due time.  I've said it before- we are looking at a very possible 'perfect storm' set up here if all goes to plan through year end; great results, move to the AMEX and 2000+ gold. Drill results being the most essential driver imo.

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