Welcome to the Crystallex HUB on AGORACOM

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: Don't get caught with your guard down...stay sharp and focused!!

From time to time it is good to be reminded what our goals and objectives are as they relate to the markets. Firstly, always remember that we, that is you and I or otherwise known as the retail investor, do NOT play on a level playing field. Sorry, but do not think for a moment that we have any control in direction with our plays in any shape or form. All market movement is controled by either the market maker, the specialist, the governement or agencies for government who will manipulate your stock to achieve their own goals. Those who operate the market, or move the market, or trade the markets have all the power to manipulate or move the SP in the direction that they want in advance of entering a position. Ok, what would they do to enter a position?

Well all they do is hit the bid and starting driving down the price creating a selling frenzy triggering all the sells and then they buy into weakness. The opposite is true if they want to sell and creating a panic buying senerio with them selling into strength. These guys have all the control.

Dare I say that some or our senior hub leaders can also create a situation where they to can create a program sell into strength senario, so it it very important that we do not be drawn into any false programs. Be wise about your decisions and be comfortable. (yes it was not that long ago where some known senior hub leaders (not this hub) did colude to create a sell into strength position by using their position of trust to create a false sense of strength...so be careful who you trust, what your read and be wise to your own decisions.)

So, with the drop in market action last week, something that many of the market makers have not seen in their lifetimes what does one make of it. Some have been blaming it on a bad trade where the trader hit a "B" for billion in stead of a "M" for million that created all the market mayhem. Some have blamed it on Greece who are expected to default on their loan guarantees. Well, again think about this. The markets are telling us something and suggesting a futher move lower from the low experienced from last thursday. Depending on your time line and the depth of change it has been said that the markets could move another 1000 points lower over the next couple of weeks to months. One would expect a bounce at current levels and I have been advised to use it as a sell into to strength and get into cash. Not trying to be bearish, or a consipiratory cuplprit who is not selling the market short, but rather trying to determine what those who move the markets will be doing. That is what the smart money should be doing and I suggest we do the same. Be careful folks...these are different times we trade...

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May 10, 2010 05:20PM
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