CHI is trading to thinly to read too much into the day's action. Even the "high volume" days have seen only a hundred thousand or so shares change hands. This name is really flying under the radar. What passes for volume usually spikes a bit just before news, but it's barely trading even then.

Thing is, at the current stock price, with its stake in Far West and some really interesting plays, there is very limited downside. And this is a company that's out there drilling and could start getting attention any time. On good news it will move up quickly. It's hard to be patient, but I don't mind waiting when I know drill results are coming, and the properties have strong potential.