i have to say, this was due for a bit of a retrace (if you can call it that given the rest of the market). stock price ran up way too hard too quickly...
But what i think is a great sign is that, given the state of affairs, there isn't a lot of selling pressure today. although it opened lower, there aren't people jumping ship. i'd say a lot of the people in for a quick gain have bailed and their stops have been hit.
i've been hoping for a bit of a pull back to buy some more, which i did this morning.
just remember, copper JV accouncement and nickel drill results could be here within a few weeks. SP could very easily double from this level in a very short period of time
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- very encouraging
i have to say, this was due for a bit of a retrace (if you can...
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