Acadian Mining Corporation ADAIF

52 week high:

[honewood]

WELL - we did it - we reached our 52 week high when somebody (don't know who - but I have a good notion as to why) snapped up my 3,000 shares I had offered up @ .28 cents just to see if they would go. I did the same thing with 3,000 shares earlier in the month @ .22 cents. I had originally offered up 6,000 shares @ .22 cents when we were consistantly trading between .12 - .18 cents just to see what would happen. Low and behold 3,000 were snapped up @ .22 cents but just as quickly the bid/ask went back down to .16/.18 and when we saw the stock heading back up toward the .22 cent level I moved the last 3,000 up to .25 cents and eventually to .28 cents as I saw the bid/ask moving in that direction. I had considered moving it again to .30 cents but thought I would leave it @ .28 cents with the thinking that it would not get taken out yesterday considering the fact that so few shares had crossed the floor compared to the previous days 1.6 million. I was wrong again as somebody came in late in the day and scooped up the remaining 3,000 shares I had left to offer. I am still sitting with 20,000 shares but I think I will simply sit on them for a bit and see where this market is going to take us. It really has been a nice ride - hang on folks it could get interesting. This almost reminds me of when I bought 1,000 shares of a little Dartmouth, Nova Scotia company called NovaGold for .50 cents which has traded this year as high as $12.15 - and than there was Gammon Lake also a Dartmouth, Nova Scotia based resource company that I bought @ .25 cents and has since traded as high as $10.00 - Don't get me wrong - I do not expect this stock to do anything like the other two that I once had but was not resourceful enough to hang on to until they reached their ultimate potential but in this case it is pretty well a wait and see attitude for me. Thirty cents plus is not out of the question even this week as we now have an asking price of .29 1/2 cents @ pre-opening. So let's us us just hang in their gang and see where this volitile market is going to take us. (HW)