this is worth at least 1 dollar, page-3

With all this positive talk, and some wanting to buy up big come Monday , please by all means follow the sheep and buy.

I will be selling my accumulated lot from Friday in the first hour
(yes im a daytrader)
Ill sell for the very reasons above, see while your buying the story im selling it, then as you sell ill buy, simple process really, one not always easy to do in practice.

The heat will be in the stock by mid morning , the novice daytrader will be looking for a big run at that point, and down she comes and everyone wonders why and says the sellers are mad blah blah blah, then maybe a good time to buy again imo, but the drop will come, nothing surer.

Just as INP did a few days back
went to 1.97-down to 1.17 why? too much fast money in the stock. The heat had to come out.
........... learn from those mistakes, dont follow the sheep , follow the smart money.

I much prefer the ELK story to the INP one, I do like the stock but dont really care, im just doing the opposite to the market sentiment, as I do, but anything that rises fast tends to fall half way back before moving forward, due to us daytraders for one of many reasons, panic sellers, stop losses, bigger buyers crunching nancy sellers etc etc.

Maybe a 60c high before lunch , before retracing back down to mid 50's . Just a guess but I dont care to be honest, makes no difference to me.

Even if it doesnt, was always a good buy late Friday as the news, HC,TV stations, news reports etc are all over it, so everyone jumps in Monday as I and other daytraders get out, same old story.

Sure it may keep going up and I dont make as much as I could have, but thats ok, plenty of other shares to play with, thats the beauty of daytrading I guess.

But by all means buy as many as u can at open and in the first hour or so, while the smarter traders sell out knowing the coming drop is inevitable.

Its not rocket science, happens every time.

Happy to agree its another great story, but timing is everything.

Agree it should be worth $1 down the track, on my back of envelope figures, but what it should and what it will be are miles apart, what we hope or think means very little in the area of this speccy market.

Please consider, if she shoots up fast, Id be buying when she retraces, even if its only a few cents, probably around lunchtime, buy at open if u wish, but dont blame others if the fingers are a little hot by the end of the day, or by Tuesday morning when some are trying to make a profit and get out.

Still it is a good mid term hold at these prices, wont lose but thats not what Im here for, happy for those that are, good luck and a good story.

Cheers