RE: It is all so easy! So easy, and yet so hard to do. The last news release is a perfect example of herd menatlity at its finest.
For those paying close attention, Goldquest had closed before the news release at $1.83 or so. Immediately after the NR, but before the market opened, the first market order was for 50,000 shares. That produced a pre-opening price on GQC of $1.90. So a client at TD was so pleased at the content of the drill assays that he was ready to plunk down $100,000 as an act of faith.
But lo and behold, John Q Public had hoped for more and decided to bail. The pre-opening price started to decli ne which spooked others and created a tsunami of selling. The stock finally opened at $1.35 (I wonder if our fearless friend at TD stayed with it to enjoy an unexpected $30,000 discount.)
So it takes cojones grandes to go against the establishment as you advise. Naturally. Otherwise we would all be millionaires.