High River Gold Mines Ltd HRIVF

All quiet before the storm

[Critical_Mass]

It was an interesting last few days watching HRG.  Thedownward selling pressure that has been holding the bid down has slackenednoticeably the last few days along with the volume.  As well Sprott and Canaccord are both on thebid now and have moved their bids up to 24c, most likely because they are notgetting filled at 23 and 23.5c as they were last week along with everyone else.

 

Looking at the level 2, it looks to me like there is goingto be a test on .25 soon now.  TD is themain seller there at the moment. Hopefully we can break that and move up beforethe end of the month and it seems relatively clear behind it for the timebeing.  It would be nice to have theaverage share price appreciably higher before our friendly neighbourhoodRussians get a chance to make their next move.With Sprott and Canaccord both accumulating and very few aggressivesellers left now, hopefully they start moving up their bids and taking out the offer.They will need to if they want more shares. I believe a break over 25 isimminent any day now. 

 

For the person who asked about CIBC trading at the endof the day.  That is mostly credittraders at at least one Proprietary Trading firm I know of who uses CIBC as theirclearing firm.  It is individual traderspunching out on one another clearing there position for the day. Althoughannoying, these prints do not concern actual investors in this stock.

[Kee000]

I say we go 0.26 tomorrow. it really can,t and shouldn,t be this low if your believing like me that onother offer is coming in the next few weeks.--polly

[Critical_Mass]

Well we just broke .25c.  Lets see what happens now. Hopefully there are a lot of shorts stuck.  Sorry about the messed up text.  I copied my message from word.  I'm not sure why it is putting the sentences together and adding funny text.