The triple bottom is in for the miners and considerable upside is imminent. And I totally agree rally starts next week. All my indicators are looking up. Good time to start adding a little now and when we break through the 2.60 to 2.80 mark its bang to 4.00.
Money flow has turned more positive, MACD has crossed over as of 11/14, and the 3rd one I follow williams percentage oscillator is in the uptrend. Rally next week.
I agree with you. And have been waiting for the gap from 2.09 to be filled to buy. Today gap was filled and my position filled also and confirmed with the williams chart this afternoon. Nice bounce off the bottom. Lets see if silver can hold over 23 and move higher, and gold over 1350 and higher mux maybe to 3.
Hey public offerings sometimes can also send a companies stock up into the next big trading range. Just look at idra is up over 100 percent in 2 weeks.
with 182 million short shares that need to cover about 80 million around 11 to 12.50 to get even, I think we could see a dip on earnings to 11 to 12.50 on heavy volume then a sharp rebound back up to 14 or 15 maybe even 16 by the close. So I have plenty of dry powder for this if it were to happen. I think the news on friday will surprise both the bulls and the bears but I think at least some of the bears on this stock will convert to bulls as the they begin to cover and go long. I wish everybody well until next time..... Mark
It is interesting to me me that the mfi for bbry has risen dramatically while the price per share has retraced back down to the early june lows. What do you traders think of this phenomenon.
Up 24 points in 4 days powerful rally coming and is on its way. Any shares sold by longs or shorts are being bought by the pro's. Retail buying has not started yet. The reason for the low volume.