RE: Well there goes that theory... "No short attack to explain things... So now what? tuck'em away til next year then and add if you can afford the time and spare cash laying around... ;0)~"
My thinking is that we are getting the last shake out til the end of year tax sellers. With metals in "risk off" sentiment, a PP that is now free trading and some speculators still holding post the drill results (ie: like myself), the short term does not look all that bright. I would suspect, however, that sellers would be motivated over the next few days. Thereafter, GSR will most likely release the last round of known assays (ie: I would assume the labs are near to remitting back the same). Maybe a bump then. If so, I would suspect some sellers on the sidelines to jump in.
The so called "bashers" look to have called this one right on the down side. With GSR's limited trading history, its kinda hard to figure out where bottom support can be found (ie: already at new 52 week lows). Once selling has subsided, however, I think the MM's will quickly walk the shares higher to unload whatever inventory they might have and unless there is news like images that ushers in some buyers, we will most likely see the upper trading range at that time til next year. In regards to year end tax sellers, I'm putting off selling at this time til the end of the year to see if a tax loss helps out tax wise. In addition, and at the first of the year, I might opt to take a loss at that time (ie: assuming a loss), satisfy the wash rule, and then buy back in for the summer drilling season (ie: to have something to offset my expected gains).
To close, I'm keeping some power dry as they say but I liked Equity's approach to trading the majors. A few singles would be nice after this STRIKE and no GOLD (ie: got to like the name of GSR!).
Everyone have a nice weekend!