TSXV:EPO.H - Post by User
Comment by
WaveRiderX1on Aug 18, 2011 4:19pm
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Post# 18957738
RE: RE: Who's selling?
RE: RE: Who's selling?Well said CC. The purpose of the market is to take from the many and give to the few.
The general market action tells me we are in a final wave 5 down (of a 5 wave sequence) so we should start seeing divergences on the MACD which measures momentum. When we start to get divergence that will mark the end of the sequence and then a 3 wave counter-trend rally (perhaps into Sept/Oct). epo should pickup momentum in the rally phase. But I suspect that the institutional investors are digesting the PEA and will, if interested in resource stocks, build positions. I also think that financing will be easier thatn other potash prospects as we have build-in advantage of FN partnerhip - no permitting issues.
Patience will be key!