Agoracom: Small Cap Investment - Crystallex International

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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jcwillis

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Today's Trading

posted on Jan 27, 2012 10:13AM

On OTC - Looks like technical trading today. Expect it to be flat to some downside. SP reached the upper BB after recent run up. Looks like 117k at 0.09 as resistance at this time, and if the ask start sleap-frogging it might make everyone anxious. Remember, there are no Big Guys here and it is all speculators and daytraders running the show. They tend to use technicals and sell hard on news. 8DayMA is about 0.08 and could be a support level. Next would be 34DayMA at 0.073'ish. These MA levels are sometimes noted as most used by daytraders. 50DayMA is moving rapidly to converge with sp soon, maybe in another week or two, which would be a good thing for long time holders.

Posted as Today's"Trading" for a reason. No Market comment or Commodities/Resources comment as previous intent was to motivate folks to diversify and make up for losses. Thinking that long time holders here are somewhat averse to change, which may not be all that bad of a thing.