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Tamerlane Ventures Inc. V.TAM



TSXV:TAM - Post by User

Comment by LoserLoserLoseron Sep 14, 2011 5:32pm
194 Views
Post# 19042806

freefall

freefallI checked the volume in the recent 3 days when Tam went down. Volume was low around 100K when we compare it with sell volume at the last tops when volume was 1M shares. Depth is very thin. At the moment there is only 8 orders total 797K shares down to 0.05 CAD. So it does not take much to beat down share like now. I am feeling there is still downside because nobody wants to buy. More sellers are selling on bid so share price goes down very quick. Lets see if i am correct with 0.12 CAD. So will average down then if it goes to that level. I know it is not realistic when we take into account how much progress was made compared to 2008 when Tam was at this level. Also the zinc prices are significantly higher compared to 2008. But nevertheless despite major fundamental changes Tam is where it is now and i can only make the best out of it and average down at lower share price if it goes down more. Would be good to hear something from management to support falling share price.
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