NYSEAM:SVLC - Post by User
Post by
dinesguyon Apr 02, 2008 5:30pm
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Post# 14932217
Cleaning up the Chickens
Cleaning up the ChickensToday was noted as another good day for volume. The past 7 trading days have been near or above 200,000 shares traded in volume. Since the beginning of March when investors started hitting the bid on the warrants that came up, we have traded 3.3 million shares including today. This acts quite bullish because my guess is that most of the warrants have either been traded out or some are holding for higher prices. In the past 52 weeks, taking a look at the chart, SVL has not traded such consistent volume for several trading days above 200k. I think we are in for a bold move to the upside, sellers are definately drying up as SVL positions itself for its next leg up. Drill results should be out quite soon and possibly tomorrow. Past drill holes have been quite outstanding and i look forward to more of the same. This is a shallow deposit that will allow for cheaper mining costs in the future. I have been adding all week and will continue to do so if it hangs around this cheap for much longer.