Re: Going Up ????
in response to
by
posted on
Jun 08, 2010 01:13PM
My guess is that the short traders wil try to cap the share price at this level .004 to put-in a lower high on the chart unless there is convincing pressure to take the share price higher then they will back-off and wait til the buying volume subsides before launching another attack to try and take the price lower; if the volume of buying takes the share price higher above this resistance level of .004 the shorts will regroup and try to cap the price at .0043-.0044. I've seen them play this game time-and-time again over the years like a broken record that keeps skipping, the only way this broken record can be fixed is the company lands finacing to move the mining operations into production and at that point the short traders will be forced to scramble and cover thier combined massive short positions.
My bet is on Garry to find financing to move the company forward, he has the goods in the ground both Gold and Antimony in Workman's Bench tunnel !!
$$ Ka-Ching Ka-Ching $$