Post by
thebanker32 on Sep 02, 2011 2:24pm
Can someone tell me
Why this stock is like a rocket since fews days?
Comment by
behindblueeyes on Sep 02, 2011 2:48pm
no one knows (or knew) about them andBecause in 60 to 90 dys they will be a high grade low cost GOLDPRODUCER in a politicaly stable(?) country with no debt and about 220mill shares out that includes war..and options plus another few millions in stock from other comp but thats chicken feet compared to the income they will have!thats it in a nutshell
Comment by
BGraham on Sep 02, 2011 6:35pm
Dear BBE;Odd that you should mention $1.20.I've been studying the chart and arrived at that (1.20) as a target / resistance.Is your estimate technically or fundamentally based?BG
Comment by
DaveE92 on Sep 03, 2011 12:01am
It's called the BNN effect. If someone one Market call picks a stock or says good things about it it can climb 5 % or more within minutes, then more in the next few days rise even more. If you check the charts you can see when Mr. Cook made it one of his top picks. But the chances are good it will go back to the 40's in the next few weeks.
Comment by
shawk on Sep 06, 2011 3:31pm
It would seem that the theory that the increase in volume and price is due to a leak, is nonsense. The majority of the buying is coming from a person or organization buying through National Bank. National has bought 6,243,200 shares since Sept 1 and sold only 520,431. It smacks of institutional buying and I really doubt that they are trading on inside information.Shawk