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North American Palladium Ltd. Message Board

  • letxequalx03 letxequalx03 May 17, 2011 12:32 PM Flag

    Finally bought some PAL at 3.53

    If you check this chart you will see that PAL bounced off firm support at 3 last summer over several month period no less than FIVE times.

    The channel it traded in was in the 3 to 3.5 range.

    http://finance.yahoo.com/q/bc?s=PAL

    Consequently, taking the upper end of that range and paladium's excellent fundamentals going forward, I have put aside a substantial portfolio allocation for PAL, based on it's incredible drop. Made a buy today, but keeping most of the PAL allocation cash sidelined for dollar cost averaging in to it.

    Thank you CADMIUM for giving away all your money to the shorts, who are now closing their positions selling to people like me for just about half what you paid for PAL the past few weeks. I appreciate your cash, and the great opportunity once again, to get in at rock bottom bargain proces by waiting for your toxic 'stock collapse' effect to take hold!

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PAL
0.26-0.01(-2.62%)Aug 20 4:00 PMEDT

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