technical traders...an opinion please, page-12

re: resources boom - buy this stock A "less risky" way to play this stock would be as follows.

1) We know that the bulk sampling is well under way.

2) We know the complete results will be released late November i.e. about 4 weeks time.

3) If the results are good we'll see one of two things:

....a) Insiders get word of the find and start buying. We as traders will be able to see this and jump on.
....b) The company releases the results early.

4) If the results are bad we would unlikely see early results and they would be released end of Novomber when the entire bulk sample is complete. This makes sense as there is no reason to release partial results if they are poor as the rest of the sample might be excellent.

So one way would be to buy shares now, let it ride and follow the trading on a day by day basis (even intra-day). Keep an eye for the "suspect" buying and you'll be exposed to any early announcements. If nothing happens in three weeks and there is no big buying then just dump the stock.

Don't forget we are in the middle of a resources boom. Best to buy now, ask questions later.

Cheers,
Munch.