Re: Update, Re: Today's Trading - Hump Day
in response to
by
posted on
Jul 15, 2009 08:57PM
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
I think JC adds a valuable service. I am a technical short term trader. At the same time, JC knows I have not traded KRY short term for a long time because I feel that the daily movement is illusionary...that is I think it is market makers keeping up the illusion of liquidity in a stock that has become boring. I think this is good for us.
I believe in technical trading as it points out emotional trigger points. I have made a lot of money on this (including with KRY). That said, the action has been (IMHO) illusionary for some time so I don't rely on any technals. Rather I look at the range which has been .25 to .26 for a long time. The 400 share EOD trades asside, this is the effective range.
At this point KRY is a gamble with little downside (arbitration), decent mid level (settlement) and possible upside surprise (permit). I would never risk money I can't afford to lose but I am putting all my spec dollars into KRY.
The only thing that will move this stock is substantial positive news. Many have been burned by pump and dumps so most are holding now. Personally I am adding on any drops to .24 or below and will sell off some of these on pops above .36
Everyone should do their own DD (and the documented DD with supportive links on this board have been great). Just don't buy into the unsubstantiated claims positive or negative by people claiming they know something you don't.