posted on
Jun 07, 2010 10:58AM
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
Message: Re: small pop
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1st Congratulations to all. I really didn't think RF could do it, at least not to our expectations. We'll see how that goes as time moves on.
As far as the small pop, I'm not surpried. This is very typical for KRY when there is a Pre-market positive news. There are so many emotions in this stock and so many who have seen it pop and then drop that there will be plenty of people happy with .65. Smart money knows it so I don't exect to see big buying until the retail guys get out. I bought more at .65 this morning.
Also gap ups need to be covered by the MM so they wil always try to drive the PPS back down after the gap to cover their positions. That usually happens around 10:30 or so. (I think we are seeing it now)
I'll likely trade for the next few days until it settles a bit. I think we'll see a substantial gain but it may take a few days or so until big money can get into the numbers. We also need to get past the shareholder approval and permitting.
Good luck everyone.
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