Searchlight Innovations Inc T.SLX

Reply to Hotstocked "analyst" re. SLX

[farshooter]

Did you guys notice the whack job by some "analyst" on SLX that was featured on google finance?

My reply:

[Signed in as] Instead of useless charts, did you bother calling management? [2011-02-11]

Genco?

The company's name is Silvermex Resources Inc. At least you got the symbol right :-)

"The share price has been rallying up since the company started EXPLOITATION [capitals mine] of the La Guitarra property."

Exploitation?

The correct term is "exploration'---unless there is exploitation of some Mexican workers I am not aware of ... lol

"Genco [sic] entered 2011 with over $26 million in cash. At the current cash burn rate ..."

There you go again. It would be apt to use the phrase "cash burn rate" if they were simply spending it on marketing promotion and other useless endeavours. Instead, the cash is going into the exploration and development of their PRODUCING La Guitarra mine and other projects. Where's the "burn" in upgrading mining and milling equipment in order to increase silver-gold production?

"double top pattern"

"key support level"

Please spare us your fancy coloured charts, and technical analysis jargon. The predictive value of TA is zero.