TSXV:AAA.P - Post by User
Comment by
frankbankeron May 10, 2011 5:24pm
706 Views
Post# 18556324
RE: just my opinion
RE: just my opinionsame as prior to the last runnup....
notice when it gets to the 1.82-1.83 level, it spikes on big volume until 1.89-1.90 then drys off.....this has happened many times in the last week or so.
Its quiet accumulation and meant not to runup the price.
After a few days of this, the news comes out and the houses are fully invested......it breaks above resistance and boom.
This channel investing works for a while as I usually buy 5k in the low 1.80's and sell in the high 1.80's with my non-core position.
So far it has worked but I am now fully invested as I am more afraid of being out than in....this will pull a CUU soon...at least thats what the charts are telling me.
remember, the last time I said the charts pointed to breakout to 2.10 and thats close to where it went. This one will cross that and head to challenge the 52 week high.
Good luck