Thanks Silky... here is my light on our current chart situation...
This stock is improving, but technically, I think it still is in a down trend... I have been adding under 5 cents... trying to get stock at or near the bottom... which is daring since I have a lot of shares now... and now I feel bold and adventuresome... and I am taking a substantial risk on a pink sheet non-reporting company which has a short history and no way to verify Walter's claims... guess I am getting greedy .... or maybe stupid.... hahahah...
I do not think the down trend is broken till it closes above 6 cents... If we get a close over 6 cents -- which looks possible based on momentum -- then I would say the down trend could be considered as ended ... for now... and the base would suggest exhaustion of selling... with a good potential for an up move... exhaustion of selling is important, very important if we are to change directions....
It seems from all we know about what is going on, that the stock should be able to work to a close above 6 cents soon... maybe on Monday if profit taking does not set in... and provided insiders dont start selling... [I would hate to see insider selling again]....
Then, if there is decent news on Tuesday about kimberlite or better... and if there is good news about Canadian claims coming... well, logically we would try to take out the old high at 20 cents... and this effort should come in January... that would be a big up move from here.. but NSDM could do it on excitement and good news... and Stunder is working this thing now for some positive moves on news, IMO...
A real strike in Canada to match the improving results in the Ukraine must move the stock higher than 20 cents which was reached without any of this news...
Additionally, I think Stunder is looking for investors/venture capitalists/joint venturers, ie I think he is on the trail of money to keep this thing going... so I figure we are going to get an "I got someone to invest in NSDM" announcement before the Feb 12 meeting...
Meantime... a partner putting money into exploration would give some needed third party validation to Stunder... and going onto the OTC BB should help his credibility too...
So, the way I see it, we already have some ammo to take this over 20 cents... since the diamond count from the last core sample was a huge improvement over the prior core sample... and there are several possible catalysts in the future that could be bullish... Including additional results from the Ukraine... and the mini-bulk in the Ukraine when Walter thinks that is propitious... showing that Stunder is getting closer to a target there...
Hell, we dont need no stinking diamonds in Canada to take out 20 cents... but it would help...
Bottom line... this stock has good prospects now... and it is oversold... so they should be able to push it up... plus, they could push it into a run... with some news and a lot of day traders... then it might get going like a insect... and start flitting all over... I thought it would be better to buy while it was sinking... so I kept averaging down... now, I hope the longs get lucky... then I can start averageing up!!!
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