What are the markets saying? You be the judge.
posted on
Aug 31, 2008 05:49PM
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
Ok, for a stock to be in play there must market action (buyers buying or sellers selling) placed upon it. So, a quick glance can tell one whether or not a stock has the attention of the buyers (not interested in sellers with KRY) in the markets: was the stock in the top % gainers and was the stock in the top % overall market activitiy by volume. (see the details at end of post)
Well what did we find out: You quessed it KRY was with in the top ten on both which indicates it does have the attention of some buyers in the markets and thus the reason why the SP appreciated in value; more aggressive buyers pushing the price up. Investors want in. Investors either know something or are speculating / gambling on something which is expected to happen particularly when we are talking about KRY.
Next week should, I repeat should, be positive as the markets are expecting something, unless we get another distraction to the downside, which as we all know is not impossible when we remember we are in VZ. OK, enought negative, but I am tired of getting kicked in the jewels and I guess I am preparing myself for any kind of unknown negative only because of previous precedent which sent our SP down. Be prepared for both the positive and the negative, but expect/hope for the former.
Alright , back to the positive, the markets are signalling a positive event which is yet to come as our trend is up (note the trend was down when we got the last negative surprise from Ortega suggesting the market was pricing the event in as someone knew it was coming - no surprises - just a gap down open and slap in the face for most retail holders) suggesting a good news event is about to happen. The real question now is when will it come! It is extremely long overdue, (not for those who just entered positions as those investors will be rewarding very handsomely) and will bring vindication for the long term holders. I hope we are very close and it occurs in the next couple of weeks.
TSX Top % Gainers | Free Annual Reports |
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TSX Most Active by Volume | Free Annual Reports |
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