GREY:XMTTF - Post by User
Comment by
juststocks500on Jan 28, 2014 8:18am
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Post# 22141138
RE:this looks scary
RE:this looks scaryI pretty much expected a poor week. It's end month selling plain and simple.
So it appears that the FN's agreement was built into the price.
Yes, those who sold higher made the better call and may have all week to buy back in.
Hindsight is always 20/20, but I couldn't get myself to sell anything and risk the better climb.
In addition, it's very easy to move 30 000 shares up and down. It's quite another to play around with a lot more.
Congrats to those who had the balls to do it and thanks for this extended opportunity to buy a bit more.
I expect nothing will happen over the next 3 weeks except that the drill permit will be announced along with some timiings for assy results. So from a share price perspective, I expect we will bottom this week sometime and very slowly climb back closer towards .17-18 in preparation for the next leg keeping all technical signals as neutral as possible to gain as much lift as possible when it occurs.
It is also an undeniable fact that we are, at absolute worst case, within 4 weeks of clearing all permit hurdles, publication delays and what not. This low simply can't last.
GLTA