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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: Re: Why is KRY trending up while GRZ is trending down (stock price)?

Re: Why is KRY trending up while GRZ is trending down (stock price)?

posted on Jan 30, 2009 12:55PM

GRZ has had a buyer for weeks now at $1.05 US who didn't show on the L2 quotes. He virtually took everything offered at that price. Late this afternoon he pulled his bid and there was no other supporting buyer.

I would not be surprised if he sets a lower price next Monday and continues accumulating at that price in the absence of any news. He was just trying (and succeeding) to paint a lower weekly close to panic a few more sellers next week.

It may be a ploy by Rusoro or their supporters to get some stock and also keep the price low.

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