GREY:ALXDF - Post by User
Post by
goldopportunityon Dec 01, 2017 7:17pm
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Post# 27076079
Fwiw.......
Fwiw.......Alxdf closed at usd .05 = cdn .0636 (boc 1.2729 close)
Inside day all around. Today's volume a titch above daily average, but on the week we show around a 50% increase. Some st indicators are ticking up. Negligible short interest activity as shown in latest short report:
https://shortdata.ca/?c=alexandria-minerals%20corporation-short-sales&sym=AZX.V
The mm idiots took away the bids and #s in hopes of picking some low-hanging fruit. And that relatively big 70K supply on the best ask dashed any hopes today of peeking through usd .05 resistance. So we had another day of 20% volatility, mostly at the lows. All this courtesy of the mm idiots who just love to unnerve weak hands into selling. But we're a tough bunch.
Bottom-line:
It's been exactly 5 weeks since the last stellar nr on oct 26. Each passing day brings us closer to hearing about the remaining 70 holes. It's almost like an equation: promised date of re minus days remaining to re add days from last nr equals 70 gold assay holes.
Mgmt is very much aware the market is waiting. All they have to do is look at the sp. Doesn't take a rocket scientist to figure the mm idiots have drawn a line in the sand at usd .05 for alxdf and cdn .06 for azx. Basically the idiots are telling mgmt nothing passes till we get some news or the imminent whiff of something coming down the pike. In my mind that sounds reasonable enough, especially considering alexandria's sp has fared considerably better than most other gold stox since summer.
In the meantime, until we get some news (or rumour of news), we just sit on our hands. If you have some dry powder, you buy at these depressed levels. Pretty easy, pretty simple.
So we'll see what happens next week, folks. Stand your ground in the markets and in life. Jmvho.
goldopp