Re: Agreement with Grim Reaper re endless Silverado Bashing - If Slglf had nothi
posted on
Sep 01, 2009 03:10AM
FF, the short sellers haven't been able to stop Garry from moving forward with developing the companies Nolan Project and they won't stop him now with their spins of deceit and half truths on the chat boards to keep investors from buying the stock in order to protect their short positions.
The shorts are desperate because they have been getting squeezed the past few months. My guess is they hope to make a stand right here to cap the share price at the .017 cent level. They want desperatly to regain control of the chart again with establishing lower highs. They definitely don't want to see the share price march back up to retest the 2 cent level again $$
One only has to look at the 6 month daily chart below that includes Mondays closing to see why all the fuss and noise from the short seller section of the bleachers. As you can see the share price has been in a strong positive uptrend since last April 23, 2009. Good for us longs but bad for the short sellers because they are being squeezed out of their positions with such narrow up-down trading ranges in price. No room for shorts to make money, they get trapped if they placed a short sell bet in this kind of trading environment, leaving the naked short sellers all by themselves to defend their positions.
Plese note that the green 20 day moving average line is at the threshold of crossing back above the blue 50 day moving average line; this is a postive event, one that the shorts don't want to see happen. If the share price does advance above the .017 cent level, then logically, the price will march higher to retest the 2 cent resistant level and the shorts really-really don't want to see that happen. So my guess is we could see a big fight occur on the chart to see who is going to gain control of the chart.
With the 4 massive Gold- Antimony veins in Workman's Bench tunnel, and Peter Hopper on board with the company, without a second thought, I place my bet on Garry to win the final war $$$