GREY:ALXDF - Post by User
Post by
goldopportunityon Jul 30, 2018 8:38pm
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Post# 28388603
Fwiw........
Fwiw........Alxdf closed at usd .042 = cdn .0546 (boc 1.3021 close)
Alxdf up 10% on a little more than a quarter average daily volume. Outside low, inside close. Sp came within a titch of last thurs's low. The big news was sp finally closing above the 50dma -- first time since early may.
Azx down 9%. Total volume on all cdn exchanges was 649K -- about the same as friday, with roughly 60% coming from the tsx-v. Interesting to note that the alternate cdn bourses showed azx with a .055 close, while azx-v has a .05 print.
Both stox well bid -- very important. The majority of the day's trading was done by early afternoon. Alxdf bb/ba margin was relatively wide for pretty much the whole day. Azx saw the cdn .055 ba taken out which resulted in a wide .05 to .06 bb/ba spread for about an hour.
Bottom-line:
So what happens tomorrow? My sense is alexandria moves to higher ground as that now seems to be the path of least resistance, imo. I'm thinking we may start off with a penny bb/ba spread. After this initial stand-off, and some volatility, the odds looks better than 50/50 that sp hits at least usd .0465 (alxdf) and cdn .06 (azx) intra-day.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp