GREY:CRXEF - Post by User
Comment by
schoron Oct 29, 2010 8:51pm
389 Views
Post# 17634003
RE: RE: Way Oversold
RE: RE: Way OversoldGood post Jeff, they should have waited till tuesday next week. The leak of news was not a good thing and should have been the notice to holders to bail out of their traders at least when the stock dropped significantly on abnormal volume yesterday. From my point of view this is total hindsight as I had not been following the stock carefully since the mid .90's.
CXT is not back into my trading range and I have picked up some shares today at .71. CXT has some tradeability right now, even more than it did in the .70-.90 range last time. I expect some good swings in the stock that can make some profit.
As far as the news goes, I'm not a geo so please understand this is my simple opinion, but this is pretty deep stuff with no infrastructure (to get down there, existing mine) and grade is too low to make this into much. They need to find much more before this play works. But they do have other properties and should maintain current sp levels.
GLTA
Schor