GREY:OLEPF - Post by User
Comment by
nailation Feb 01, 2013 1:24pm
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Post# 20925488
RE: Nail trading TMX volume was down in 2012
RE: Nail trading TMX volume was down in 2012 Once again interesting observations but only partially relevant and also "selectively" convenient. It is interesting that you look at 2012 vs 2011 as a comparison given that 2012 was one of the worse years for mining stocks in its history (convenient of you). But yes agreed that volumes were down 2012 vs 2011 - once again interesting but only partially relevant to the discussions on this board or to my comments.
My comments were related to seasonality of gold and gold mining stocks. Once again my point was that gold and gold stocks perform (based on historical data) the best from Feb-April. This combined with OLE's two fantastic news release yesterday would indicate that OLE's share price should perform very well over the next few months.
Also, from technical analysis basis OLE is performing well. In November the 50DMA crossed above the 200DMA for the first time since early 2012. It is currently trading at, or slightly above the 50DMA. All of which is bullish for the stock.
Given your economics background maybe it helps to put into your terms (i.e. supply and demand). Over the next few months expect the demand for OLE's stock to outweigh supply by 2x-3x...