consolidation
I think that with all the bullish posts we are seeing a LOT of investors dumping their shares now at 0.20. Such a lot of people must be so relieved to finally be back at where they bought so these bag holders first have to sell before it can go up further again.
Of course this all depends on fund money flows. Even small investors selling their shares at the current level would or will not hinder the stock price to go up further once one or two funds decide to get in.
But dont underestimate on thing: these funds may be quite dumb in their investment decisions, but dont get it wrong: their computerized buying programmes are not that bad at all. So if one of you just wondered about second level offers suddenly disappearing and coming.. or apparently "a thin level now till 0.28", thats the buying programmes. Theydont just buy 5 M shares. What they do is try to trick out as many people into selling you shares as possible.
So dont get fooled and just look at the zinc price. Is it at a profitable level for Trevali? If yes: look at the book price of TV which (with a base of 1.15 USD/lb) is at around 0.50 CAD. And then you decide if Trevali is worth a buy and hold or not. My answer: it is.
Short term we will very probably see the price go down under 0.20 and even more, to shake out those who want to take profits.
But as I said: these presumptions all base on a high volume stock - we dont have such a stock here. One or two funds buying 30 Million stocks do change all this. And you bet right now no one of them will sell the stock. So getting out just to get back in again cheaper... well you do that and then there s a day like yesterday... and you ll be angry against yourself...
So again: patience wins the game. There will be positive company news soon as I already mentioned.