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Bullboard - Stock Discussion Forum Sulliden Gold Corporation Ltd T.SUE.WT

TSX:SUE.WT - Post Discussion

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Post by play_n_lay on Jul 21, 2011 5:50pm

Short Interest

Short interest still dropped on our way up.

https://www.dailyfinance.com/company/sulliden-gold-corporation-ltd/sue/tor/short-interest

Jul 07/18/11 0.30 205,918.00
Jul 07/04/11 0.10 228,173.00
Jun 06/16/11 0.20 285,925.00
Jun 06/01/11 0.40 402,247.00
May 05/16/11 0.20 268,125.00
May 05/02/11 0.10 97,621.00
Apr 04/18/11 0.00 70,625.00
Apr 04/01/11 0.20 245,897.00
Mar 03/16/11 0.10 123,624.00
Mar 03/01/11 0.20 264,554.00
Feb 02/16/11 0.20 289,815.00
Feb 02/01/11 0.30 342,449.00
Jan 01/17/11 3.00 3.60 M
Jan 01/04/11 1.80 2.36 M
Dec 12/16/10 1.80 2.69 M
Dec 12/01/10 0.90 1.13 M
Nov 11/16/10 0.60 879,461.00


We broke through 50 and 200DMA resistance as well as 2$ resistance today all in one move. Volume was average but high for the last few sessions. I would have liked to see more volume to 100% confirm the break out, but looking at the charts, I just think there was a lack of volume becaues there are no sellers at these levels.

https://stockcharts.com/h-sc/ui?s=sue.to

We now have nice support at 1.96 - 1.94. If gold breaks up, and we get some good positive news I think we will see 2.40 on this run up. If the market stays neutral I still think we will carry up to at least 2.20$.

Lets not forget, analyst targers are all over 3$ for this stock, with some as high as low 4$'s. We also have 5-6 analysts covering an explorer.

GLTA
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