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SGX Resources Inc V.SXR

"SGX Resources Inc is a Canadian company which is engaged in acquiring, exploring, and developing mineral properties in the Timmins region of Ontario, Canada. The company holds an interest in Timmins South properties, Timmins North properties, and other properties."


TSXV:SXR - Post by User

Bullboard Posts
Comment by elliott39on Apr 24, 2007 6:31pm
831 Views
Post# 12667669

RE: 2.99% in the red?

RE: 2.99% in the red?I'm not a technical analyst but from what I can ascertain from the chart, SXR is staying within the bounds of the established "up channel". Today's correction moves it to the bottom of that channel so I expect a move up in the next few days. I could be completely "out to lunch" but let's see what happens. SXR has just completed an integration of UUU into the family so I would expect the momentum players/day traders to dump their holdings. Have a look at Barclay's Bank and look at the correction that stock has experienced with a 100 Billion dollar acqisition. SXR is a Uranium producer and over the long term will prove to be a solid investment. Good luck.
Bullboard Posts