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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: Stop Loss .33

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Re: Stop Loss .33, I don't think so!

posted on Jul 10, 09 05:20PM

I think you don't understand what's going on, this is not like a typical pump n dump like so many other stocks, this is merely warrant selling because the mass of warrants that the company issued ages ago, was in the neighbourhood of around 50 million warrants that were exercisable for one common share for each warrant, will expire on July 13th/2009. Thats right! Monday! So this is why the selling pressure and the big boys are giving them a nice 10% gain to get the warrants exercised if they sell them off after. This stock should finally start to move, now that this huge over hang will be out of the way leading up to the FDA decission in 3 1/2 weeks. Fun times, Fun times lie ahead, can't wait! But if you want to sell off now, be my guest, but you will be missing out big time!

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