Post by
victor2009 on Nov 10, 2010 3:22pm
Market Reaction
Unusual activity today, likely in anticipation of the Q3 results being less positive than expected. However, the production for Q3 has been known for a while and I think most expected that Q3 would not reflect the potential. Also I don't recall this much activity in contemplation of quarterly reporting.
The Agoracom bash boys have all the answers - tantallon claims it is no surprise. He's the obvious expert on assessing mining and the markets, he's had experience by losing money in two Shaw Dome mining companies. tantallon has overlooked explanation of his past prognostications that were proven false. He's typical of the bash boys, they just run on with any negative they can dream up - but never answer when challenged on their misinformation. That reminds me, doingthejob/aatozz should be chiming in with his repetitive bash drivel - but he doesn't seem to be interested anymore. Maybe he's getting as embarrassed on this forum as he was on the ISM forum. Wouldn't it be a loss, not to have his comedy routine! With AGM season coming up he might be able to do another survey on questions to take to the ISM AGM.
I expected the Q3 numbers might be out today, tomorrow being Remembrance Day. Today's volume makes me think others also expect the report today. Quadra FNX released today, missed earnings expectations and share price down - also TSX down. But LBE taking a bigger hit. And ISM and Golden Chalice (Rogue) are among the few to be having an up day - both with no news. Go figure.