Timmins & Beardmore - Northern Ontario
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Message: for what its worth

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Re: for what its worth

in response to Re: for what its worth by ChiefTradeGold
posted on Jul 10, 09 11:28AM

One point where they are right on the other forum - No one is willing to buy.
It is not because what is being said but rather no one believe. We are at all time low with news to be deliver about drill.
WHY?

Chief8mail, from a technical analysis point of view, the fact that volume has dried up completely is actually bullish. Yes noone is buying but NOONE is willing to sell into the bid either.

If it was trading between 5.5 and 6 cents on high volume, then I would be worried. Just because noone is buying right now does not mean the sky is falling. We are paused.

For now 6 cents is our floor, save for the few who need out. However I suspect if we don't hear something (IE. a news release ... hint hint) by the first week of August that might change.

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