Gold Canyon Resources Inc V.GCU

Some perspective

[cavedude]

We only dropped 30 cents from Friday, in my books that isn't too bad. I was more concerned with more of a lemming run to 1.75. So far we have only traded 800K. In my past experience, I have seen 2 million shares move shortly after an open when the results were not what was expected. Sheldon bought lots all the way through, I consider this a good sign considering he didnt know any better than the rest of us what was to come - nice to see no leaks. Will we sit at this level for awhile? Hard to say, like any bad news it is quickly forgotten and I am sure we will move up to the 2.50 mark in a short time based on the low amount that has moved today. Will be interesting to see how Sheldon handles it. Will he sell any over the next while? That would be more concerning to me than not getting the 10 million ounces the dreamers were expecting out the gates on this updated 43-101. Hang in there folks, and dont beat up on yourselves, this play really is still in its early stages. JMHO.

[Geospot]

Good perspective. Not enough volume to be significant. The only thing that could explain the stock taking a hit when the numbers were this good could be short-timers and retail investors with hyper-inflated expectations of what a good number could/should be. There's a huge number of meters of drilling starting now for this year which promises to quickly add ozs to this resource released today.

[buylow4]

This is just a great example of MM's doing there thing.  Weak hands going to get burned big. It's classic trading of a junior on the vulture exchange..... It won't be too long that we look back and be greatful for the position we were able to add to our portfolios today. It sucks.....but I also have a big smile on my face. BL4      

[gold_diggers1]

The perspective here is.... here it comes.... $1.00 - $1.20?!   This is only the beginning....