Red Eagle Mining Corp RDEMF

RE:RE:RE:RE:gaps?

[shlo]

Here are my thoughts, and I have to admit that you should read them with the same lack of confidence as I have while writing them.
RD is a great stock. In few months they will cross the 1$ barrier. At this point (if nothing big is happening as the management declares)  they are overbought. They should seat on 65 cents strong, and the people who buy them now are the weak hands- crunch the numbers of shares sold over the last few days and see if I am right or wrong.
One more issue- you don't have to be a genius to predict a correction after the gold index shoot up more than 120% in 3-4 months. In a short time there will be a correction and gold stocks will shed anything between 30-50 percent of the their gains. This is normal and maybe even healthy. If I am right then RD will go back to 55 cents area. Last week I sold 80% of my RD in 83-86 cents, and I placed a buy in 56 cents. Not sure if it will work, but let's see. GLTA.