Sandstorm Metals & Energy Ltd STTYF

RE: RE: Good performance

[HonestAbe]

I think this one will probably do well long term but there has been too much technical damage on the chart short term especially in the past two days.  Too many variables including an across the board sector sell off, significant correction in sister streamer SG, and the drop to relatively strong support at 48 cents (and below that level) occurred too fast (in one day) and with too much volume.  All of this nullified the prior possibility of a consolidating downward flag pattern.

 

Personally, I doubt the warrants will finish in the money now with just 5 weeks to go and an incredibly bearish sentiment in the general markets overall.  It would require some unknown surge of strength to act as a catalyst to turn the tide.  It was gambling money anyways and one would still have saved more with this route anyways.

 

I wonder if the sp wants to fill the gap now at 42 cents from early Oct?