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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: The usual clarification

Re: The usual clarification

posted on Apr 29, 2008 01:07PM

OLdnLazy & Krying - Over the last month you are right, the price has been only declining with a contracted range that has provided little opportunity to trade.

However, KRY has given us plenty of opportunities to buy on the declines on sell into rallies. Just look at the charts. Late February presented a chance to buy at $1.60 and sell a week later over $2.20. March presented another at $1.75 which also could have been sold a short time later well above $2.

Most people just buy on rallies and then watch it retrace below their entry.

If you think KRY is going to just keep going down to zero you should sell. If however you believe KRY will get a permit and if you look at any chart you should be buying here and then sell a portion on the next rise above $2. To say that KRY has presented no such opportunities you would have had to have not been watching very closely.

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