Observation on "official" permit and anticipated volume and Requ
posted on
Aug 23, 2008 07:17AM
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
As many of us were...I was extremely disappointed by the low volume and receding share price on Friday. This disappointment was felt on a number of levels. First Thursday's 40% run-up preceding the news confirms a pattern of obvious insider trading....people taking our (retail) hard earned dollars by trading ahead of the news. Second....the volume (imo) stunk considering the importance of the news. To me....that means the big cats (yes...those would be the same cats that F'd us by trading on insider information ahead of the news as is their habit) were in control of the ball field...doing their cross trades and Anonymous doing what he does best to take their ill-gotten gains while manipulating the share price lower. Obviously retail was not a factor....hence my sarcastic (but pertinent) suggestion that Fung go on Cramer and whore his company shamelessly to get the share price up AFTER the PERMIT is OFFICIAL. In other words...make a grass roots appeal to the RETAIL MARKET! Let the MM deal with a JUSTIFIED post permit Cramer pump. Trust me the retail volume would crush the MM. What I witnessed on Friday concerns me in that it makes me think that we will not get the volume and share price pop we deserve when the official permit award is announced. I agree with what many have posted about the share price gradually gaining ground and potential investors being gunshy about getting involved until "OFFICIAL" word hits the street. Quite frankly..."gradual price increase on official permit announcement" is not good enough. I request