Mart Resources Inc MAUXF

There are three stages

[Darilon]

For those of you wondering about what it takes to get back to the pre-selloff share price for Ithaca, it's a three stage affair.  We are currently in the first stage - speculation.

In this stage speculators, cheerleaders, true believers and others buy shares in the hope or belief that the company is worth more than it's trading at and thinking that the sell off was unwarranted.  It's possible that some folks close to the source already have hints of good news on the horizon.

The second stage is when good news is released - in this case there are many possible news items.  The new pipeline could have progress, well test results could be released, the current pipeline could identify and fix it's leaks leading to lower losses - many possibilities.  Of course, there's also the other side of the coin - there could be no news, or further bad news, which would quell the current rally.

The third stage, assuming good news comes in stage two, is prospective share holders overcoming their fear due to the previous sell off.  This can take a short time (if the good news keeps on rolling) or a longer time if news is mixed over the longer term.

In any case, MMT will remain a news driven stock.  Those who are into the technicals will be able to read the short term trends and make their short term trades while fundamental and value investors will continue to show patience to see how things work out (and collect dividends along the way)