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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: Today's Trading - Hump Day

JC - You know I am a technical trader and short term is my specialty. Personally I don't trust any technical trading with KRY over the last few months. It has been basically range bound (when technical indicators fail) and add to that it has been kept up by market maker trading to maintain the appearance of liquidity. I have previously stated that this is actually good for us. In my world of technical trading I use technical indicators to point out emotion points where trading reactions will occur. Because it is my opinion that with few exceptions, the daily trading in KRY is illusionary, I don't think technicals can be relied on right now.

As I have said before, I have not traded KRY for quite some time on a daily basis and have only traded on deep dips and spikes.

Bottom line is this stock will not move unless and until there is some substantial positive news. The .25 to .27 range is where it is being held and again I think the trading is artificial. Most people are holding. Personally I look for buys @.24 and will sell above .34, but only my trading holdings. This is an all or nothing gamble for an investor. If you can afford the nothing then I think this is one of the best risk/rewards opportunities I have seen.

I would never risk money I need, but I would (and am) putting every speculation dollar into KRY.

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