Canada Nickel Company Inc V.CNC

Best guess

[apapas1973]

CNC will close 3.00-3.01 in the next day or two. You'll see a huge wall of bids supporting the 3.00 price. At some point in the next few days those bids will get pulled and end up on the ask side at which point the stock will either gap down from the 200 day or just Punch through it. That's when the panic will start... Seen this so many times and have gotten burned by it. Some dirt bag wants into this solid company at rock bottom prices. And it looks like they're about to get their way. GLTA.

[caramba71]

So did you sell and are you sitting this out until it hits those lower 2.xx levels?

[apapas1973]

What if the 2xx doesn't come? There are no guarantees on the breakdown so I'm not going to sell caramba, because I could wake up and this thing could be through the roof. That's the problem with the good stocks. They manipulate them down and then they recover. I'm just raising awareness for people to take notice. If it breaks 3 I might put in a bid in the 280-290. I'm already

[caramba71]

I see apapas. I feel like Mark is starting (for the lack of a better word) to 'overdo' the interviews and presentations. From annotating the daily chart with related news none of these had any impact on the share price.  I was surprised that with the finishing of the 12Mio placement we didn't see some price movement up.  At the same time I guess it will require now some more

[EndZonefor7]

I'd rather have a CEO out there all the time than most of the CEO's who hide and do limited media exposure. Since Mark has bought a big load in the open market (which few CEO's ever do as well), he has even more of a direct interest to see us increase in value. We didn't go up post PP because of no solid news. Hopefully that changes soon.

[Rm90090]

I think that this stage of the junior mine life cycle (Lamonde Curve) is the economic cycle. This is where they do the PEA and feasability studies to show that it can be mined economically. The speculation is over. People often sell during his stage but the risk is that the project could be over for multiples and people can miss it. Usually a company has quite a drop in share price - but to CNC

[apapas1973]

One of the jobs of a CEO caramba is to promote the company. They do it to raise the share price, justified or not. I believe in this case it is. Like endzone said, Mark has his own money invested and more so than many other CEOs. He's not going to continually invest his personal money with the anticipation that he's going to lose it. He'd be crazy. This is a frustrating stock lately

[EndZonefor7]

Good post apapas. If they didn't do the large financing we may well had been under $3 during the last market dump a month back but the financing kept it propped up. As frustrating as it is to see us pull back, its an opportunity to add more or for new investors to take a bite.

[caramba71]

Agreed endzone.  The lower level do suggest an opportunity to add more. If I recall from some of Mark's comments a while back, we should have new assays very soon.... for BigMac and Nesby. ;-) GLTA