Generation Mining Ltd T.GENM

Path of least resistance

[Rainyday]

Over the past 6 months the GENM stock price has been moving up in a channel with higher highs and higher lows which suggests to me that the path of least resistance is up.

[oilsyd]

My reading of the chart is that for the last 6 weeks, the share price has been consolidating while volumes have dwindled.  Any increase in volume should push the price up further.  A  bump clear of the 10 day moving average of 95 cents is definitely a postive with regards to short term changes.  As always, we will see big changes as news comes in so you  should not read

[Rainyday]

Good bids coming in before the opening this morning.

[timeoutofmind]

pre-bids mean nothing, you know what.  and they're off .. and we are .................................. Red. As discussed. 

[Rainyday]

Only down a penny - meaningless - and 120,000 shares on the bid and buyers aren't getting filled.  Anyone got level 2 quotes to see what other bids are in?

[timeoutofmind]

meaningless unless you put an credence in the idea of sustained growth ..... seeing if, for once, the SP can have a lucky good day and then follow it up and build some trajectory.  so no .. .this is not meaningless ... because it shows, again. that this SP doesn't have any endurance. one (green) step forward day, 3-4 backward steps into retreatsville.  time to trot out the "

[Rainyday]

GENM has been in a clear uptrend for the past 6 months - stocks fluctuate - get over it.

[Sacks45]

I'm assuming this thread was started by Dumbe. Guys stop answering this dum#@ss. He has been singing the same tune since the mid .60's. The stock s at 1.00 plus so his gibrish isn't effective. Let's stop answering an he will go away. P.s best regards to DUMB tell them they are missed.

[skiesthelimit]

Dummy was here even in the high 30s and low 40s singing the same tune. 

[Rainyday]

Oilsyd made the point that volumes have been dwindling over the past 6 weeks and any increase in volume is likely to push this stock higher - and I agree. That's why I was asking if anyone had Level 2 quotes to see if there are some significant bids below the current price. I think there are a lot of people - many of us on this board - who are simply accumulating and sitting tight. New buyers