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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
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Re: Regarding results

in response to ??? by bubba9
posted on Oct 30, 10 11:07AM

As in the case with so many of these juniors the anticipation of results gets hyped beyond reasonable expectations that nothing can match those exp[ectations and you end up with a crush in the share price following news....... the "moon shot" investors sell off and move on to the next imagined rocket ride stock and eventually CXT will get back to where it needs to get to.

We saw this same illogical reaction with DEC and EC a year ago. What is of concern however is the 'apparent' leak of news which prompted the sudden selloff at the end of the day prior to the release of news. That is of more concern to me and should be looked into and I was told they are looking into it. Fortunately I had an uncomfortable sense watching the trading that morning and I sold out at 1.05 and focused on the run in Dynacor Gold Mines instead as it ran from 1.02 to 1.56 on Friday. I should be so fortunate every Friday....then John Kaiser (via David Pescods report) came out at the end of Friday with GIX as his top 3 pick, and a target of $3.50....so there is one possibility to make up for any losses on CXT come next week.

As for the CXT results, they were good in terms of confirmation of gold mineralization. In speaking with the company they were just so close to what they think will be a large gold bearing zone. They also pointed out these results were deeper and below the first.

I think Creso is onto something good and I intend to be a part of it going forward. Will wait to see what transpires first before commiting however.

GLTA

http://cjrs.ca

http://twitter.com/qtrader

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