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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
Comment by yoyoyo9992on Sep 19, 2009 8:54am
365 Views
Post# 16320916

RE: LOL - down one day and bashers are back

RE: LOL - down one day and bashers are backActually, brainiac, the stock traded over 2 million shares this week after the news in the $0.27-$0.30 range before finally falling a few cents on just 200,000 shares Friday, after two successive days of heavy pressure on the sector.

Not to mention all the traders that look at the chart and see the spike in RSI to over 90, and then sell b/c that's what this sector has done the past two years when any stock has risen.

That said, the fundamentals haven't changed, silver is still $17, and that overbought condition has lessened considerably.

Not sure how a silver stock rising sharply (on 6 million shares volume) due to rising silver prices and improving company fundamentals, without any promotion whatsoever, is considered "hype".  Perhaps maybe some investors in China just thought that the Company was worth something more than nothing.

Anyway, very shortly little creeps like yourself will be gone from our lives forever, back into the nook in your mother's basement.
Bullboard Posts