Nevada Copper Corp (NEVDQ)

[daveblanchard]

I took into account what you said about them consolidating the share structure. It does seem plausible. Cut my position short this morning at a small loss. I'll sit back and wait a bit to see how this one develops.

Got to studying the stock chart more closely, and understand better now what happened here. The new CEO was announced on the 15th. On the days prior the stock ramped up and down a few times to get people excited, just in time for the huge dip on the morning of the 14th when the insiders sold off. Then the 15th came with the news. Looks like people studied this situation that evening, didn't like what they saw. The next day (Friday) there was significant turbulence. Then over the weekend I guess people meditated some more, and the selloff began in earnest on Monday morning.

If there really is a share consolidation followed by another slide, that will be just lovely. :)

Looks like NAK is positioning for another mini-run so that's where I am for the moment. GBRRF has also halted its descent, at least for the time being.