Post by
haggy90 on Aug 24, 2010 7:18am
Drill results speculation...
Someone on Alto's board posted results may be around the corner :). Should see a bump up as this could be the huge step out/connection of gold zones we are looking for :)
Comment by
buyingitup on Aug 24, 2010 10:20am
It would have to be the best results ever to come for this company and most other juniors in a long time in order for this stock to move. Down another 3 cents again today. Support is basically nonexistant at this point and everyone is busy putting their money in other gold plays.I'm optimistic, but cautious. We've been burned before.
Comment by
Weiner01 on Aug 24, 2010 10:44am
I disagree, there were 10,000 shares traded to decrease this by 3. Could have just as easily went the other way on the volume. IT takes next to no volume to move FDN up or down. I would expect we will start seeing some activity with impending releases with regards to 50% of the phase II drilling.
Comment by
buyingitup on Aug 24, 2010 11:13am
Right, but saying it only took 10,000 shares to drop the price doesn't say much when there's been nothing but selling for 4 straight months, minus a handful of days where it went up. Need 1-2 million volume in buying just to get back to where we were in April.
Comment by
Weiner01 on Aug 24, 2010 12:35pm
1-2 million volume is a forgone conclusion. No doubt we will do that rather easily!!