Re: .20???
in response to
by
posted on
Dec 22, 2009 07:33PM
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
Even more interesting is I have 3 buy orders at different levels but all above the .20 close. If it was a legitimate session trade my buys should have been filled. They would not be active after the close and this trade came at 1603.
In answer to someone else's question, yes it does mess with the technicals but KRY's activity in the last year or so has not really worked on a technical levl because of the tight range (for a trader).
What this close will likely do is cause some panic selling tomorrow from the uninformed if they see the price back up in the .30's they will want out before it goes back down and consider it a gift.
At the same time, if we close near .38 to .40 tomorrow it will give a technical signal for a bottom and a buy signal.
This whole thing smells bad however. I'd say it was a desperate cross trade.