RE:RE:Nothing but selling
Hey Teepster,
My view watching the action is that you have a set of people with decent positions selling after the significant run over the last 8 weeks. Since June 1, TMM has run up 105% as at Monday. These ppl are clearly taking some money off the table, which is healthy and understandable, but won't last for long. You will also note, it is low volume driving the stock down. You have buyers throughout the day wanting to get a position and taking one - but being patient about it.
TMM has cleared the way for future growth and great future prospects. This, coupled with the seasonality of gold (gold price generally increases between late August and October), will move TMM up beyond the 52 week high. My guess would be that this will occur in the last week of August/first week of September.
B