Normal
Acquisitions like this could turn out to be a company maker, but the reality is that won't be known for many months, if not years. There is a lot of exploration work to be done before the market will have any understanding of what is under the ground at these tenements.So what you get is an initial spike driven by day traders and then the inevitable sell off. If you were in MSR before today then you would have done well, but buying in on the day of the initial spike, while it does occasionally pay off, is generally a recipe for disaster.That being said, MSR has held on OK today. It's still at 1c at 3:45pm, which is not bad considering what it closed at yesterday.
Acquisitions like this could turn out to be a company maker, but the reality is that won't be known for many months, if not years. There is a lot of exploration work to be done before the market will have any understanding of what is under the ground at these tenements.
So what you get is an initial spike driven by day traders and then the inevitable sell off. If you were in MSR before today then you would have done well, but buying in on the day of the initial spike, while it does occasionally pay off, is generally a recipe for disaster.
That being said, MSR has held on OK today. It's still at 1c at 3:45pm, which is not bad considering what it closed at yesterday.
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