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Stillwater Mining Co. Message Board

  • marexx123 marexx123 Jun 15, 2007 11:30 AM Flag

    This is incredible!

    This is incredible to watch this POS stock struggling like that, everything is up, Gold, Platinum, Palladium, Oil, Market is surging and this crap can't even maintain decent volume, actually it is no volume at all except for the first 5 minutes, no interest at all here and hardly holding on the plus side now ....just incredible.

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    • Marexx, I echo your sediments. However, what is very interesting during the first hour of trading, volume was heavy and the price absolutely fluctuated with the price of Palladium. When Palladium was up a dollar, the stock hit its high, as Palladium fluctuated, so did the price of the stock. When Palladium fell $3, The stock sank. However it did not recover as Palladium hit new highs for the day. I was expecting (given earlier price action) for SWC to be taking off.

      Clearly someone came in and bought big time this morning. My sense is that we have reversed momentum to the upside. We just have to remember that, with light volume the MM's are playing with price. It does feel like, some shorts jumped in right after our surge, which may have caused the MM's to set some traps, to induce some selling.

      However, it looks like Palladium will not continue to be held back. It would not surprise me to see the buying/price pick up this afternoon.

      In the meantime, keep plenty of rescue remedy on hand

 
SWC
18.47-0.08(-0.43%)3:57 PMEDT

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