RE: BUY CONFIRMATION AT 9.90I like today's volumes but not the share price. You're right SP should be up 4% to 5% after almost a month of suppression but it only went up by a meagre 2.2%, behind two perennially depressed "majors" K 2.4% and YRI 3.4%. That's a joke!
If a $20+ jump in the price of gold fail to jump start a SMF rally, what would it take to get the SP going again?
All I know is if the price of gold slips by even $1, SMF will no doubt be below $10 again. May be the shorts are playing game to pin us down, or perhaps investor sentiment has totally left this stock. Or could there be really something wrong with company? The massive sell offs by insiders leading up to the new year is never a positive sign.
I'm anxiously waiting for tomorrow's opening. If SP does not stay above $10 I'll likely reset my stop loss from $9 to $9.50 and prepare for a complete exit. Just to be on the safe side. I've been down this road before by not paying attention to insider sales.