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Levon Resources Ltd (New) V.LVN


Primary Symbol: LVNVF

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.


OTCQX:LVNVF - Post by User

Bullboard Posts
Comment by bigopson May 18, 2012 12:30pm
150 Views
Post# 19925931

RE: RE: RE: DUMPING

RE: RE: RE: DUMPING

bunje -- i am no technical trader and i dont fully understand the technical signals -- but i read the market somewhat differently..perhaps my nuanced reading is ephemeral and too subtle...but here goes: I think we have seen and are seeing the capitulation right now. The volume spike yesterday seems to point in that direction...but more importantly perhaps -- most of the selling was done by one seller (so it seems) -- so i think that most others are done capitulating and the seller we are seeing at scotia is a forced seller who is literally selling at the lowest point the stock has seen in years. There are two others selling in size - anonymous and TD....again, large sellers -- this is pointing towards fund liquidation rather than ma's and pa's selling....normally you would see large rushes to the exit at these prices given volume and lack of news -- because we are not seeing it i think it is possible that capitulation has happened already among retail and what we are witnessing is fund liquidation. Of course, this is only my speculation...time will tell. As for putting in stink bids -- if you have the cash it is definitly the way to go.

Bullboard Posts