GREY:ALXDF - Post by User
Post by
goldopportunityon Jun 19, 2018 7:26pm
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Post# 28195194
Fwiw........
Fwiw........Alxdf closed at usd .035 = cdn .0464 (boc 1.3276 close)
Alxdf closed considerably higher from the session's multi-year intra-day low. Coincidently, the sp also hit a 9-day high. Volume was slightly above the daily average.
Meanwhile, selling pressure continued on azx. The cdn .04 bid was taken out for a bit. Volume was heavy -- a combined 4.4M traded on all cdn exchanges. No trading in last 20 minutes.
Both alxdf and azx were well bid on the close.
Bottom-line:
So let's cut to the chase: What happens tomorrow? The pros most likely will start the day by holding back their bids, and goose at least the best ask. So I'm thinking a mexican stand-off may ensue.
The plan would be to have a relatively low volume session (especially with azx). What we could see is a wide spread between the best bid and best ask. That would be a good sign as it would signal the pros really want your shares (they think counter-intuitively), and those on the sell side are digging in their heels. Generally speaking, the wider the bid/ask spread, the better.
So we'll see what happens. I consider alexandria a gem in the rough. Stand your ground. Jmvho.
goldopp