good news from teck, page-27

well the way I see it is this :

Brett Mitchell sold 600 odd thou bucks worth of shares. That MAY be because he doesn't believe in RXL or maybe it was for another reason. We don't really know but the market is a suspicious beast and so RXL fell hard.......

......but we also know now that Teck Resources, as of yesterday, have completed their due diligence and wish to continue with their plan to spend 15 MILLION bucks on a drill program in exchange for 70% of Myrtle....The message there is unambiguous. It can only mean that they believe in the prospect of Myrtle becoming a world class asset.

Technically, however, we should note that stocks can both rise and fall much further than we think they can. That 41 day ema looms large in the low 6s. We still may have to touch it just to satisfy those obsessive compulsive technical types......or not.