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Eagle Hill Exploration Corporation V.EAG



TSXV:EAG - Post by User

Comment by dudediligenton Mar 31, 2010 10:00am
320 Views
Post# 16943558

RE: Yesterdays uptick

RE: Yesterdays uptickNo, the uptick was normal chart pattern movement IMO. Settles in back down to support and gradually works it's way back up the ladder. The sellers were the players in early taking down their profit before they see it evaporate before their eyes, they get nervous and sell. Now the buyers step in seeing it at a level they feel is good entry point after the sell off. Some of those buyers are the same ones that sold at higher levels. It is now cheap in comparison to where it was trading. News will be the key to how fast it climbs back up that ladder. The fundamentals of EAG are such that it is not just a flip stock, this is a company looking to go into production. That is why the key management players are here.
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