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Silver Dragon Resources Inc SDRG

"Silver Dragon Resources Inc is a mining and metals company focused on the acquisition, exploration, development, and operation of silver mines in proven silver districts globally. It is a mineral exploration company engaged in six properties located in the Erbahuo Silver District in Northern China namely, the Dadi, Laopandao, Aobaotugounao, Shididonggou, Yuanlinzi and Zhuanxinhu properties."


GREY:SDRG - Post by User

Bullboard Posts
Post by tommygavinon Sep 04, 2009 6:41pm
474 Views
Post# 16280566

Why Why why did this go up so much

Why Why why did this go up so muchtoday,and not yesterday,when silver went up so much.And who were all the buyers,162 trades with 1,085,000 shares totally $ 201,000 dollars.So each trade averaging  about 1250 bucks.Where were all these buyers last week or last month.Were all these buyers just momo players,buying because the price was up ,just to sell higher at a higher price.Or is there some rumors of a big discovery or takeover-couldn,t find any news.Today I sold 110,000 shares at 18 to 19.5 cents each ,not a big price but considering a bought these all for less than 10 cents,not so bad to take a double.I still retain most of my shares and hope to buy these back for around 10 cents,well I think I can and will pay more.I kind of have mixed feelings,if I didn,t sell,remember there was 1,085,000  shares sold,so I had lots of company.so if I didn,t sell, and the price goes down to 10 cents (very possible) if news is coming -might not be GOOD news.I had missed the opportunity to sell,if it still has leggs ,keeps going up ,I still have the other shares.If you look at the chart,this goes up then down,if you can catch some of this action,you can make some money without the share price moving much at all over time. What makes me a little suspicious was the fact that there were a lot of small buys,it just wasn,t one person or entity buying up everything they could.In that case you would think there was something going on or someone heard a rumor.But in the long run I think SDRG will do very well.
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