RE:Market needs to absorb 39 million Rye Patch sharesShort term technical do suggest downwards pressure, but I also note a divergence in the MACD which is strongly bullish for me in the medium term. I agree with you that, based on fundamentals, this stock is ridiculously cheap. As someone else noted, markets are not perfect, and these situations are good buying opportunities for those with a bit of patience. I have been buying all the way since 2.50 and I picked up some more yesterday at 1.98. No one can predict what will happen tomorrow or next week, but by xmas I am betting on some good gains here. I ran a screen for the best value stocks on my brokerage account and this company came up as number 1. It also has good leverage to the price of gold, it has good prospects going forward and is already making a profit. It may not have the best jurisdiction, but in every other way, it is a low risk stock to invest in.