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: snow day
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Feb 01, 2011 06:39PM

In Oklahoma, so I watched the market. I have noticed a few things on Kry during the last few months. First of all, the selling wasn't unexpected during Dec., for tax loss, and Jan. because nothing starts up in Vez until after Jan 15 anyway. Now we have the Chinese New Year coming in a few days and so the first of Feb doesn't look good. Kry had the 3rd highest volume in the last 6 months today hitting/breaking the 52 week low. The funds tried to support the stock all day but the bid was getting hit pretty hard. As far as the charts it's a 100% sell on short, medium and long term. The next stop is 21 cents. The interesting thing is that GRZ is just short of a 52 week high with a lot of support around the 1.60 level. It's probably just a few good volume days from hitting a new 52 week high. Now why would anyone put money into that company when all they have is a law suit also, just further along?

Enough of the technical, lets talk about what we do have. We have a law suit company with a slim chance of something else. I say this because the only hope of anything other than a law suit is with the cooperation of Venezuela... and we have seen in the past that there is none.

I think KRY will drift lower because we are a news driven stock and until there is news, this will continue down.

With a bounce to 40 cents with the filing.

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