The technicals have been pointing to 3 for months now and we hit 3.40 today.
When sth encouraged me to reinvest my 100,000 shares that I has sold a few months ago, I decided to sell everything but 250 shares to see if my instincts were correct.
They were 100% correct.
You guys promised 8 in Novemebr of 2010. 10 in Decemebr of 2010. Then it was that it would not go below 6 in 2011 and on and on. Something is so radically wrong but oh! well it is only other people's money.
The very sad part is that the technical damage to the charting is so severe that nothing makes any sense regarding TRX. It may be the pride of Tanzania but it is the turkey of the mining shares.
Over 6 million shares were traded today which means the shorts must have gotten out of just about everything. I wish I could have been wrong aboout TRX but it looks like it is going the way of GSS. GSS had this kind of problem a few years ago and never ever came back from its crash.