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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by husk16on Apr 30, 2010 5:12pm
331 Views
Post# 17050757

RE: Wayyyyyy over bought!

RE: Wayyyyyy over bought!5.5 million shares traded between .52-.63

Doesn't look overbought to me.  Especially since you look at how little volume it took to take this from the teens to the current SP.  There are some big shareholders in this company.  It will depend on when they decide to take profits.  So far they have done very little selling.  Not sure why anyone would want to take too much off the table when news from the current dirlling program is just getting started.
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