Discovery Minerals LTD (DSCR)

[MaxPowerLove$Ihub]

Summarizing Friday's Trading Range: A total of ~ 424 mil vol (that doesn't mean all 424 mil are pure buying)...Why? 50 mil of the same vol could be from one day trader selling to another day-trader or to a swing-trader...and that same 50 mil vol could repeat over n over again...The reason I pt. this out because u mentioned about the float and I know someone may argue or pt. out that total trading vol is almost equal to the float...may start wondering how come we can't see more than 50% gain?~ (Consolidating phase)

My guess: float is about 700-800 mil & when you guys are trading (day traders n swing traders are selling/buying back n forth)...Some dirty MMs/brokers also shorted/manipulated...making it harder for us to break a certain resistance. FYI: SOB MM-NITE generally short 40-60% of the total trading vol~ Either shorted from itself or on behalf of some brokerages or investment firms)~ But overall, it's very thin on the Level II, one of the biggest resistance we saw was at $.0013...and this was long before power hr. So assuming the 13s sellers already sold all at 9s-12s after 3 hrs after that (churning at 9s-12s)...the 12s or $.0012 will be our last big resistance before $.0020-.0030 range...

It could be the 11s not the 12: the last big resistance to 20s~ Last we saw, there was ~ 5-6 mil left on the 11s~

See detail of L2 Buy/Sell Actions:









To be continue...

- Go DSCR