Re: This thread for Investment ideas, DROP
posted on
Jan 10, 2012 01:07PM
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
DROP in downward tailspin after the recent P&D and SEC filing of warrants sale making dilution. A very appropriate ticker for recent weeks of sp DROPping.
No suggestion of buying at this time. Thinking it will overshoot the 200DayMA this week, maybe even today, then settle out. Suggest watching it. Possible upcoming news on recent product sales, as well as a second product becoming available. When? Who knows.
Has good long term potential, decent management that follows through. 110M O/S with 400M A/S.