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Aurcana Silver Corp V.AUN.H

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

Bullboard Posts
Comment by Banman17on Feb 11, 2008 3:56pm
293 Views
Post# 14352351

RE: AUN Volume is NOT a concern.

RE: AUN Volume is NOT a concern.Guys, you have it backwards. What happens is when you have volume spikes, that's when the Market Makers are unloading their shares to take the stock down. Volume spikes are when you sell the shares - look back at Aun's old high at 1.99 and see the corresponding volume spike. That was the signal to sell or short the stock (not that I would short Aun - I'm a long term holder). The stocks move up on steady volume, not on big increases. What is happening is looking good for Aun. The hedge funds are starting to cover their shorts is my guess, so if you hold on to your shares and DON'T sell, you'll panic the shorts, just like they attempted to panic you into selling at a low price! Make them pay up. If they can't get the volume at a low price, how can they cover their shorts. So you see, if they don't get the volume they need at a low price, they'll have to pay up and the stock will rise at the higher offer prices. Keep your stock and only sell into rhino horns, and buy on the fishing lines. Onward and upward Aun. Banman17
Bullboard Posts