better explained than me :D Anyone thinking 3 sessions accumulation indicates the stock has changed direction should reffer back to ''the good old days''. In 2011, the stock climbed in sharp spikes for a few days then languished for several weeks, then up another level, then repeat. This pattern repeated at least five times.
3-29-2010 : 15 cents
boom!
4-12-2010 : 40 cents
accumulation : between may '10 and august '10 down between 24 cents and 29 VERY SIMILAR TO OUR CURRENT SITUATION! It took about 4 months before we see another 250% rise
boom!
between 8-15-2010 and 9-9-13-2010 Up to 86 cents
accumulation : between october and january down to 70 cents
boom!
1.08$ January 10 2011
accumulation down to .90 cents up to mid february
boom!
1.70 mid feb 2011
accumulation . touched 1.25 in March 2011
then the month after, we touched our all time high.
My reflection : spikes happen in a sudden and can result in 200-300% SP rise in a few days, then we languish for WEEKS then BOOM another spike.
I am not implying the patern will repeat itself - just showing clues in our own history to explain the regular phases occuring when a stock rises like CUU did. Also back then there was no formal evidences explaining this, history repeats itself. Rumors rumors rumors. However this time we are full of cash we have a solid partner who makes strong commitments showing its willingness to get SC mined sooner than later. Their recent multi million commitment took the market by surprise, people betting on Teck shelving this were caught off their guards. Good things are coming IMO