NGM 0.00% 19.0¢ ngm resources limited

What a disappointing day. Opened high at .185 on awesome drill...

  1. 2,196 Posts.
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    What a disappointing day. Opened high at .185 on awesome drill results and then slowly a sell down to close at the low on 16cents. Maybe it's a case of buy the rumour and sell the news. I'm still in for a short term (maybe a week or two)trade, as I see the upside to this news to be positive.

    Listened to

    http://www.brr.com.au/event/59201/further-drill-results-to-add-to-discovery

    A very positive interview. A few things I came away with after listening to the interview regarding the results were,

    "extraordinary results"

    and

    "way higher than expected"

    Not sure about the sell down but it closed above the .155 resistance level. A good entry point at this level.

    cheers
    Ange

 
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