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Bullboard - Stock Discussion Forum AgriMinco Corp ETPHF

AgriMinco Corp is engaged in the development, exploration, and evaluation of agricultural and industrial mineral projects across Africa. The company's project profile includes Southern Togo, Bassar, Danakil, and Oglat and Taoudenni.

GREY:ETPHF - Post Discussion

AgriMinco Corp > 45 degree incline/decline
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Post by prairie08sheik on Jul 07, 2012 1:34pm

45 degree incline/decline

I was always told that once a stock was following a 45 degree incline or more, just a matter of time before a correction.  No one mentioned if this was true of the opposite, a 45 degree decline line.  Well, lets hope so!

Sometimes all rational goes out the window when trying to understand how a stock performs-so many market and non-market things.  Look at AAA, definitely smaller lands than FEd but drilling results very positive all along.  Big players with hugh markets for the resources are involved.  Price is close to the price years back when they were getting options on the land with next to none exploration done.  Can one now say it is at basement prices and with a hugh upside in just a matter of time.  Will FED be pulled along or become a part of the package for the whole works to be taken over by one of the majors.

Comment by Prof_JD on Jul 11, 2012 11:58am
If you see Mr Elephantus angle onto the toilet seat in relation to the curvature of his back that also makes a 45 degree line. just saying. jd the professor has professed the truth - long and strong in the pub