OTCPK:CRZNF - Post by User
Comment by
MLEMCon Jul 07, 2011 8:41am
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Post# 18805062
RE: RE: RE: Newspaper Article
RE: RE: RE: Newspaper ArticleI'm still miffed at the last financing. CLEARLY done at a price point that was lowered to satiate the hungry few.
Anyhow, I'm personally loaded for bear on CZN at this point, but recognize the technicals may be a bit of a battle in the short run. FYI look what happened last year when 'the dreaded cross' of 50 and 200 SMAs came close.
Seasonality plays in our favor right now, as does the positive motion around the whole permiting process , which will continue to provide us with some positive inertia.
I sold all I owned north of $1.25, then played trader for a while, so Im not married to CZN, but based on what could happen over the next few months, I'll hold long regardless of how the candles read at this point.
As johnathamilton indicated, I'd hate to be on the sidelines when that first $3.00 offer was announced, or when people finally realize the possibilites of magnitude by continued drilling results. Or silver is $100 an oz.