GREY:ALXDF - Post by User
Post by
goldopportunityon Mar 21, 2018 5:41pm
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Post# 27756959
Fwiw.........
Fwiw.........Alxdf closed at usd .075 = cdn .0971 (boc 1.2958 close)
Alxd closed up more than 7%. Only 26K changed hands. This was considerably less volume than yesterday. The huge # on the usd .075 best ask most likely a deterent. Duh!
Azx up more than 5%. But volume down more than 20% from yesterday. Interesting that there were more than 2X the # of trades.
Today's volume in both stocks, especially after the fomc announcement and presser, was unenthusiastic. This is no fault of alexandria. In fact, many of the jr golds I track experienced the same thing. The reason for this is simple. Generally with a big move in the pog like we had today, money will first flow to the senior and intermediate golds. The jr golds usually get stuck in a trading range while patient pros pick off frustrated and impatient sheeple. Then the pros start to move the juniors higher. Circle of life. Our time in the limelight will come soon enough.
Bottom-line:
So what happens tomorrow? I think we could start off with trades at today's closing high. But during the day I suspect we'll trend towards today's low. So I'm thinking now that we'll trade within today's half-cent range up to the weekend. But we'll see, as we could get another nr at any time. You just never know. Remember, you gotta be in it to win it.
So we'll see what happens. Always stand your ground, folks. Jmvho.
goldopp