Re: GRZ.tsx drops over 10% on 10 000 share??? how?

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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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jcwillis

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Re: GRZ.tsx drops over 10% on 10 000 share??? how?

in response to

GRZ.tsx drops over 10% on 10 000 share??? how?

Smash

posted on Jan 08, 2010 12:09PM

KRY UP a Penny at this time...

It looks like GRZ sp hit the upper BB, which is sometimes used as a sell signal. All of the other technicals are topping, so some think it may be time to take profit. Although, OBV shows support strength, so may be a bit early to bail. Looks like the volume during this morning's 930-1015am sell off was around 110k'ish, which is pretty significant volume for GRZ. Currently, down about 5% at this time so seems to be recovering.