Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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this is why i don't day trade

swinter

Aug 13, 2012 10:44AM

Re: this is why i don't day trade

zippiddy

Aug 13, 2012 11:01AM

Re: this is why i don't day trade

Spitfire191

Aug 13, 2012 11:11AM

Chappy726

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Re: this is why i don't day trade

in response to

this is why i don't day trade

swinter

posted on Aug 13, 2012 11:13AM

I think we are seeing some predictable volatility after breaking out of the under $1.20 duldrums.

Compare a 1 minute chart (looking a bit negative) vrs a 3 month chart (looking very bullish but a tad overbought wrt Bollinger Bands). Today's volume already looking better than the last 3 trading days which are a bit higher than recent weeks.

I think we could see prices from anywhere between $1.24 and $1.35 today though I'm not betting against the higher side of this range given the pending news (I think Tuesday).

I think anyone still looking for shares right now should consider a lowish limit order and wait for the profit taking traders to do what they do.

7 Recommendations

Re: this is why i don't day trade

Metacomet

Aug 13, 2012 11:32AM