Anton - I am not doubting your answer but the logic just doesn't stack up to me.
Firstly why get in to a junior explorer at the highest it has been in years only to panic when it is sold down on low volumes in between announcements and then sell at you buy in price on fantastic news just to get out?
Secondly if you don't care about drill results when investing in a junior explorer surely the chances of you needlessly panicking and selling out at the wrong time are greatly increased decreasing the chances you will ever make money.
Thirdly to me it seem all the chartist nonsense is a self-fulfilling prophecy - all these people look at the same charts, all see resistance at 17c so the all set their computers to sell at 17c and then when the price hits 17c everyone sells and the SP is met with huge "resistance".
All in all I just don't see why people would spend so much time and effort trying to predict the market when just looking at basic fundamentals is easier and more accurate.
ERM Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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