GREY:SXRZF - Post by User
Comment by
PUNJABIon May 23, 2012 3:28pm
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Post# 19938933
RE: Weird market
RE: Weird market Recently,( a few days back ) I saw both POT & ABX create 52 week lows. UUU did not hit 52 week low but did hit a very strong area of support at low $2 it hit intra day $2.07. You are going to get oversold bounces. It is a combination of bargain hunting & short covering.
In case of UUU the stock is getting relatively illiquid with relatively less bids & offers any size buyer or seller is going to have a impact on the share price. Some one using Anonymous bought a few shares at the offers in a short time & pushed the stock up from $2.30 to over $2.40
TMX has turned green a while ago. While POT in red , UUU bit higher. ABX is rallying while gold is down.