TSXV:NORA.H - Post by User
Comment by
YeOldGoldNuggeton Jan 25, 2011 12:13pm
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Post# 18023123
RE: RE: Today
RE: RE: TodayWe are still above support level and this indeed might be bottom fishers.
I know one thing...when the down is over in gold and silver then Orko could or will be one of those stocks moving quite rapidly back up.
Just look at earlier run-ups from the support zone I indicated earlier around $2.10. On average it took somewhere between 7 and 10 days to go from around $2.10 to over $2.90.
I'm now hoping gold and silver made their lows today. Gold for me is at support around $1321 and silver at $26.5. We'll see how we go from here. Silver made quite a move in one and a half day dropping from $28 to $26.6 which is quite considerable...however knowing silver's aggressive moves and its volatility maybe nothing odd about that.
I'm sticking to my guns in stating that any shares picked up around these prices are buying on the cheapie especially considering Orko is fundamentally strong and to investors considered as a low risk investment.
PAA won't let this one slip away and most surely won't be buying or taking this out for a measly $2.60 LOL ;-)