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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: trading pattern

Dec 05, 2008 12:39PM

I actually wonder how many days in a row the price has been pushed down during the day at opportune times or when bids weaken. Most sellers would back off weak bids hoping to maximize selling price. I saw numerous times today and recently when a seller would do a market order to sell taking the price down 5-6 cents on 10k shares. Looks like someone is playing a game. In fact there is no doubt a few traders are playing games and it's been long suspected one good sized hedge fund trading through 3-4 houses. I also note the down moves on opening on most days.

I welcome the fact we have a few buyers trying to defend their position and increase there holdings which helps all longs who are investors. I also find it very suspect that anyone would be a seller of size in ECU with a much higher revised resource report being issued soon as per news from the company, makes little sense.


Dec 05, 2008 01:53PM
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