Re: Run-Up Again with no follow through?
in response to
by
posted on
May 14, 2010 04:40PM
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
TA explains the recent run-up (we are in an uptrend and broke to the upside out of another triangle formation) and it also explains the pullback ($0.50 IS very strong resistance). That, for me, is useful information.
Investing in something , or even staying invested, based solely on the POSSIBILITY of a permit or or a buyout or a miracle is pure speculation and speculators usually get their heads handed to them. Just ask anyone here who invested in KRY at $3.00 or $4.00 or more per share based on the hype.
(We are this close to getting the permit! Trust me!) HaHa
(The national assembly is on our side!) HaHa
(We have a contract not a concession so Hugo won't f**k us like he did everyone else) HaHa
Thanks, but I'll stick to TA.