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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More | Profile

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Message: Stocks activity is bewildering

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jordie

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Stocks activity is bewildering

posted on May 21, 08 07:05AM

Volume explodes 1st trading day after announcement, moves very little and follows through today, albeit the usual downward price action.

Selling pressure is obvious, why?

The Press Release signifies a very bullish development for the company as it is anticipating some form of action that is positive to the company in the future. Poison Pills usually occur becasue the company believes it is a takeover target and undervalued relative to assets. Obviously we all know that the stock is very depressed, I think the actions of management should be congratulated as they are definately looking after our intetrests to maintain value here.

I also think that it has something to do with Hole # 33 and the assays tha are forthcoming.

Remember - Massive Sulphides - you are going to see allot more of that in the future.

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