I couldn't find evidence of tradinghawk1's claim that 2 million shares were dumped on Friday. In fact, 1 million shares traded on an uptick suggesting buying activity. It looks like we have a basher, which I suppose could be a good sign.
I'm still one broken promise away from losing my religion, especially with tax loss selling season approaching. If Larry doesn't come up with something good the price could plummet.
On the other hand, the guru Marc Faber mentioned that Mongolia is a boom in the making with bountiful resourses. I found that the only way to invest there is through the Mongolian stock market, a bank listed in Canada or indirectly through a couple of mining companies working there.
I am rooting for news about the Mongolia venture. It would be a foot in an immense door leading to vast possibilites. Mongolia has gold, copper, uranium and steel foundary grade coal. I would love to taste the sweet irony if Welwind ended up providing power for the coal mines that supply the Guandong steel mill that kicked us off the island!
