re: why sell now! - day traders lost interest Looking at the...

re: why sell now! - day traders lost interest Looking at the volumes:

- 32M on the announcemnt of bio-heap deal (Wed 5Jan)
- 8M the next day (Thurs 6Jan)
- 4M the day after that (7Jan)
- 1M yesterday (10Jan)

Normal volume is usually well less than 1M and some days close to nothing. Not a stock for day traders when it is not running - not enough activity to get in and out reliably. From during last Wed and Thurs frantic trading, some day traders are probably left holding the parcel and recent sales may represent them exiting thier residual position.

I suspect value investors have been buying and conjecture that most of these are probably satisifiled by now. TIR have a lot of inherent value despite the Armstrong ore problem:

1. They have many other nickel depoists awiaiting development.
2. Bio heap is promising.
3. Armstrong ore may be brought to fruition through concentrating and shipping to another smelter as do SMY and FXR.
4. Low-price on-market takeover a possibility because of TIR's good ground and known nickel deposits.