Re: My thoughts on the AGM - short term SP
in response to
by
posted on
Oct 16, 2009 04:47PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Glorieux - Glad you are in 100%, I think you will be rewarded, long and short term.
Question for you or anyone on the board:
1. From a TA point of view or from opinions on here, are we going to be played down to the $1.50 levels again and then back up to $2? I have taken a small profit at $1.92 and bought back in at $1.70, but I'm not sure we will hold this range and may see a drop to $1.50 based on my opinion and what I think the chart looks like, its a downward trend. Now with PGE news coming soon, and the FWR takeover in the coming weeks, this may have a positive affect on SP and we may go up from here. I don't think the PGE NR will do anything to the SP quite honestly, they may take a chance to further knock it down, but I'd like to hear opinions.
I'm not bashing this stock, as I'm in 100%, I just want to play the downtrends and uptrends and make money. This stock WILL go down and this stock WILL go up, just a matter of which it does first. I personally think $1.55 we will see early next week and then a move up, but would love to here your opinions.
Peace and have a nice weekend all