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Esperanza Resources Corp V.EPZ



TSXV:EPZ - Post by User

Comment by HonestAbeon Feb 19, 2013 1:03pm
223 Views
Post# 21010785

RE: RE: RE: Down and UP should buy more?

RE: RE: RE: Down and UP should buy more?

Today is a good initial entry point at sp 1.10 or less.  Historically the $1 and low $1's have been a strong support level and this company has an institutional following so they will always get funding.  Only negative is it is currently a development story without any cash flow or earnings and the market dislikes these types right now due to the cash burn and difficult mining financing market.  But the short term rally/swing when it occurs for this stock will be substantial since it has high beta when driven to extreme prices in either direction.  GLTA.

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