Cheers to 2013!! 52 week high - tax and smart sell Its quite simple.....and sorry some of you panicked and sold today. As with most of these juniors....buy on speculation/hopes/dreams, and sell on news.
Today we hit a 52 week high, and have had huge volume, which allows those wanting to cash out/take money off the table, to do so. Not only does the volume permit it without affecting the price, but it also allows the capitals gains to be pushed off for a full year (vs. selling in 2012).
Once those with large positions (or small positions), take whatever they wanted off the table (and pushed taxes off another yeary).....I believe we will see the same kind of growth in sp we saw last year, until actual results are released. At which point I am looking for a 2/3 bagger.
TODAY IN SUMMARY
-no real news....but if you expected more, you shouldnt have
-52 week high hit
-should end the day with over 1.5million shares changing hands (about 3% of the outstanding shares), creating a new support level at the 0.80 range.
I believe (jmo.....but judge them in 1 week)....we will close the week above 0.80 (tomorrow), and close next week at 0.90.
enjoy the ride....moneystarved
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