la jolla cove, $600,000, shares bought to sell, page-8

Here is a good wrap I've copied/pasted from someone that knows what they are talking about:



The exploration results from Dome 5 released yesterday were low-grade, dissapointing, i.e not very good at all. I thought it was “neutral” in relation to the reasons why I suggested the “punt”. There has also been some heavy converting by LaJolla Cove Investors and this will also keep the stock in check especially when poor results are released. So there are two negatives hanging over the stock at the moment, however I am interested in the Stuart Shelf drilling undertaken by Straits. I have cut and pasted that below FYI.

Although the stock isn’t capped much over shell/cash value, there is some downside risk if the Straits drilling is a complete donut. It may only take some copper or gold sniffs to see the stock turn into a trading frenzy and if this were to occur I would expect LaJolla to be taking advantage of any volume. Risk/reward at 0.008c looks like 30% down and 50%+ upside on some decent sniffs and a few times this on a discovery. I can understand why some will sell out on the latest results so expect the stock to trade between 0.008c-0.009c.