Alio Gold Inc. T.ALO

Market needs to absorb 39 million Rye Patch shares

[sevushka]

I strongly believe that nothing is brewing and nothing is wrong with the management.  Instead, I believe the simplest explanation.  As it is a common case for any merger, many old shareholders want out.  Hence, also the shorting in anticipation, and the recent price declines.  What we are seeing right now is simply market digesting all those extra shares.  Fundamentally, this company is a screaming buy at current gold prices.

[oilsyd]

Short 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

[oilsyd]

Following my comments two weeks ago that downwards pressure was still there, I now think we may have hit bottom. On Friday, there was a significant price increase combined with higher volume. We have to wait a few days for the market to confirm this change but it is looking pretty good for me at this point. GLTA

[Goldhound3]

We may have hit the bottom but its now going tro take years if at all to get back to the high of 8 bucks and if the price rises even to $2.50 the price will most likely get hammered comes tax season

[bobofet]

Slow down buckaroo... one thing at a time, is this the bottom?    Tax season is a long ways away and  if this is the bottom we could be way above 2.50.  On the other hand  the price of gold needs to stabilize..   is anyone calling a bottom by buying?     signed    not sure yet...