Odyssey Resources Ltd V.ODX.H

Comparison Charts in Metals Pullback

[llccman]

I thought it might be interesting to take a look at some of the other stocks that had large or even parabolic gains during the same period as this Odyssey chart. Odyssey https://stockcharts.com/h-sc/ui?s=ODX.V&p=W&yr=2&mn=0&dy=0&id=p97360592524&a=42005474 It doesn’t take a genius to see that PM stocks that had big percentage jumps have been doing the usual harsh retrace from the strong or parabolic advances. Here are just a few: Bitterroot (waterfall pattern) https://stockcharts.com/h-sc/ui?s=BTT.V&p=D&yr=0&mn=6&dy=0&id=p03072072804&a=77605236&listNum=1 Crystallex International (parabolic reversal) https://stockcharts.com/h-sc/ui?s=KRY&p=D&yr=0&mn=6&dy=0&id=p67328202256&a=48218572 Coeur D’Alene (cliff dive) https://stockcharts.com/h-sc/ui?s=CDE&p=D&yr=0&mn=6&dy=0&id=p67696680871&a=75891047 Cardero (modified ski slope) https://stockcharts.com/h-sc/ui?s=CDU.V&p=W&yr=2&mn=0&dy=0&id=p38815721727&a=39585505 Century Mining (busted triangle top) https://stockcharts.com/h-sc/ui?s=CMM.V&p=D&yr=0&mn=6&dy=0&id=p98803390835&a=75468044 Claude Res. (trap door) https://stockcharts.com/h-sc/ui?s=CRJ.TO&p=D&yr=0&mn=6&dy=0&id=p03072072804&a=77605090 First Majestic (typical pullback) https://stockcharts.com/h-sc/ui?s=FR.V&p=D&yr=0&mn=6&dy=0&id=p03072072804&a=77605113 HUI AMEX Gold Bugs Index (for reference) https://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=0&mn=6&dy=0&id=p25832596778&a=66963744 HUI/Gold Ratio (for reference) https://stockcharts.com/h-sc/ui?s=$HUI:$GOLD&p=W&yr=2&mn=0&dy=0&id=p18594636053&a=76255199 Gammon Lake (trap door) https://stockcharts.com/h-sc/ui?s=GRS&p=W&yr=2&mn=0&dy=0&id=p28224178771&a=39430212 Gateway (parabolic retrace) https://stockcharts.com/h-sc/ui?s=GTQ.TO&p=D&yr=0&mn=6&dy=0&id=p03072072804&a=77605206 Greatquest (steeple reversal) https://stockcharts.com/h-sc/ui?s=GQ.V&p=W&yr=2&mn=0&dy=0&id=p71992592604&a=40286906 Gold Reserve https://stockcharts.com/h-sc/ui?s=GRZ&p=D&yr=0&mn=6&dy=0&id=p87962204143&a=54704200 Hecla (trap door) https://stockcharts.com/h-sc/ui?s=HL&p=D&yr=0&mn=6&dy=0&id=p06105086555&a=77604904 Orezone https://stockcharts.com/h-sc/ui?s=OZN.TO&p=D&yr=0&mn=6&dy=0&id=p46580444213&a=77604956 Planet Exploration (typical retrace to breakout point) https://stockcharts.com/h-sc/ui?s=PXI.V&p=D&yr=0&mn=6&dy=0&id=p15186107994&a=77604984 Quaterra https://stockcharts.com/h-sc/ui?s=QTA.V&p=D&yr=0&mn=6&dy=0&id=p93181194895&a=77604991 Rimfire (parabolic retrace) https://stockcharts.com/h-sc/ui?s=RFM.V&p=D&yr=0&mn=6&dy=0&id=p38286748481&a=77604994 Royal Standard (water fall) https://stockcharts.com/h-sc/ui?s=RSM.V&p=D&yr=0&mn=6&dy=0&id=p99638879834&a=77605081 Tahera Diamond (parabolic retrace) https://stockcharts.com/h-sc/ui?s=TAH.TO&p=D&yr=0&mn=6&dy=0&id=p86710392183&a=35452647 I could post about 100 more, but that ought to be enough to make the point. And that point is that ODX is hardly alone or unusual in having a harsh retrace from the heady and euphoric gains in December-March. Just as they overshoot to the upside, inexpensive stocks also often way overshoot to the downside. Panic grips people when stocks lose ground in high percentages. That’s a beautiful thing for us accumulators. It means that we can add even more cheaply, courtesy of the panic sellers. Elvis Presley’s voice: “Thank you, thank you verrrry mush.” And, this is time to be adding, picking off those panic sellers when they appear in this writer’s humble opinion. Have a good one, Gene Arensberg aka “llccman”