Re: More insder buying
in response to
by
posted on
Jul 16, 2013 12:51PM
The positives just keep adding up. The president adding more shares? Very, very positive. To the shorts it is quite simple what their hopes are, stopping the shares at the $1.80 level. For if $1.80 is bettered, all hell will break loose against them.
The shares have just about completed a broad head and shoulders bottom formation with a neckline at $1.80. The math of potential price for the shares is quite simple for us as shareholders, if and when the $1.80 level is bettered the technical price projections are doubled from the distance from the bottom of the formation at around $1.05 to the top where $1.80 stands arriving at a projected price of $3.30. This is what scares the shorts, so they will try and hold that level to the best of their efforts.
Underlining the price is increasing amounts of interest to buy more shares as is being broadcast by the excellent close position of the ascending 50 and 200 day averages. If some shorts still want to be part of the shrinking naysayers against one on the best acting gold oriented stocks on the board then they better think again for what they wish for.