approaching the dying zone, page-18

The word is out in the industry that ELK is just another little penny dud with smooth talking management.

The market was willing to give it another shot, but after wednesday's disappointing results is punishing it accordingly and sending it to a long journey down south.

Not down ramping at all, as I lost most of what was a very good good profit too.

I decided to give it the benefit of the doubt leading up to the latest drilling results and despite of being pre-warned about a possible failure, but I now too agree that ELK is just another typical resource speccie with lots of hype, smooth talking mangement but in the end nothing to show for.

ELK will soon be mentioned in the same breath as stocks such as GDN and WMT to name a few that fell from heaven really fast.

From now on I will only watch it for the odd bounce trades, that no doubt will happen on the way down.

Good luck to everybody that disagrees with me, I think you are all going to need it!. :(