TSXV:NORA.H - Post by User
Post by
carterZ21on Dec 01, 2012 8:37am
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Post# 20670147
Trading Range
Trading Range Wow are we stuck in a tight trading range of between $1.58 - $1.61 or what ? Considering the movement in the price of precious metals and other resource stocks for that matter, OK's tight range seems unusual.Haven't seen other holdings of mine trade in such a tight range like this for such a period of time. I believe someone on the board chalked it up to an accumulation phase. I'm not a technician however we seem to be just above the 200 day MA and locked into the 50 day MA. Not sure if it means we are a colied spring poised to break out ? Perhaps a board member with greater technical knowledge than I could explain.I checked into Canadian Insider and noted that there have been no new insider trades since Cope's dispositions on November 7th. Could it be we are in the midst of takeover talks with an acquisitor or is it just that Gary and Co. have raised enough money to pay outstanding taxes and buy Christmas gifts ?
In any event, c'mon Gary be Santa and deliver us OK longs the Christmas present we deserve. Just don't put a lump of coal in our market stockings !!!
GLTA longs,
Carter.