Post by
timetolive on Nov 02, 2010 1:28pm
Dwek keeps on selling...
Seems every other day, there's an EWR coming up on SEDAR advising that they have dumped more shares on the open market.
I have changed my view on this play. At this point my opinion is to sell if you are not down that much. If you bought at 45 cents or higher, then I would start thinking about averaging down and getting out when it pops back up again. It looks like this play is very bearish. Gold plays are climbing like crazy, except this one.
Not saying the company is bad, because it's not. Just the volume and trades are fishy. If a person put in a stink bid at sub-30 cent level, it might even get filled.
Crazy times. Sorry to those who didn't bail when we hit 55-60 cent range a few weeks back.
Comment by
trendisafriend on Nov 02, 2010 2:45pm
No worries, some sell, some buy. Ill have more answers for you by the end of the week.30 cents is getting cheap, for sure, and yes selling, I expected it. Will they need to finance,yes, I believe they will. Prices, well mid 20s would be very nice, at least by me....