TA--Fundamentals and the Dart Board TA---Okay, I know that Technical Analysis is frowned upon and not that accurate over short term penny stocks but last Friday as a result of an excellenet chart posted by Zeta ( Please post todays)I analyzed the candlesticks and came up with a price of .38 which I posted and we hit today. There's a lot of strange vernacular used for candlestick reading and maybe I got lucky this time. Today after a positive pennant formation breakout as well as a long white candlestick which except for a 1/2 cent would have been an even more powerfull signal with a white marabuzo we are set up perfectly for further increases. It even looks like a bullish engulfing situation. I say .42 tomorrow.....Zeta....what's your read
Fundamentals..A year ago we sat waiting for the the winter drill results from the reef with breathless anticipation. We spiked to .375 then plummetted after the poor results were released. This year we didn't even plan or perform a winter drill program yet here we are again running up into the high .30's as we breathlessly await another drill program. This time it's our neighbours and the early signs look good if GEA's SP is any andication of what they are seeing as they pull these drill cores out. Maybe it wasn't such a bad idea not to drill while we await these. We either JV, drill ourselves, or not, ( once we know results) or sell out. Even though we are not drilling the fundamentals of the area play look pretty good to me even with the share dilution of CYP.
THE DART BOARD...Where are the big numbers for FN1 and FN2 I'm ready to throw my dart and increase my position
Good Luck Tomorrow