Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Buy confirmed

Me and my friends will begin buying back in with the remainder of our capital. I'm advising them to buy again. I think we have 3 small trades coming over the next month and 1 major chance to trade after FS. Obviously I'm suggesting caution again and trades should not exceed 20% of the trading account. The upper limit for a day should be 100k shares for the larger traders and using the 80/20 rule as always. 20k to 40k blocks would be safer and the liquidity should be there. Non-traders should buy early tomorrow and with luck they can get an extended buy period. It's unlikely but hey, you never know. We should retest $1.55 by Friday with a potential for the resistance at $1.69 to be seriously tested. If we broke through that on 3 million shares the next stop is $1.89.

People reading this should note that I am in a buying position. I don't need to sell and wait. That way I can see if someone will take a hammer to us. The blockade today was put there to amplify the technicals and it worked. 4 indicators suggested the resistance was $1.40 so we did get apped there when it appeared to be trying to climb. This is normal behaviour for investors. Lots of people leave it up to thier programs to decide what to do. They put up shares at what the programs told them was the top for the day. That means they also have the projections for the week. The odd trader tries to screw them up so it is possib;e a hammer comes down in the morning unless the momentum is up. In that case no attempt will be made until the pressure slackens. If there is slack in the morning and some dumps I'll take may shares because I don't think it will last. Obviously, other people will reason this the same so there could be competion for cheaper shares.


Feb 16, 2012 08:03AM

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