GREY:VITFF - Post by User
Comment by
Windrunneron Jan 09, 2007 9:13pm
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Post# 11983708
RE: Chart Update & Initial Price Objective
RE: Chart Update & Initial Price Objective""I initially look for this stock to take out its 2006 high at .90 Canadian and then test its first 38% fib resistance line at 1.05.""
For those of you wanting to know what the price of this stock is worth now I would strongly watch if these two price levels are achieved first. After they are matched than it's going to really get exciting.
The depth and grade are quite good IMO. Now if an analyst picks up on it in the next few days you know the news is good. 1.5 million shares traded today does not happen very often for this company. Another million share up day tomorrow would also be a good sign.
Of course if I was Kinross wanting to package this company position up for sale these results just raised the bar. This is still a speculative notion on my part.
Cheers