crs, page-37

re: fake selling Alpha,

I was not alluding in anyway that the fib target had a lack of credibility. I only made the point that the daily bar did not represent a reversal, and sellers still won on the day despite the afternnon influx of buyers. hence I have concerns that CRS will not necessarily recover from where it is unless the gold price helps out a little. maybe the fib target will hold, maybe it wont.

I think it is also a reasonable fact that CRS started to perform poorly when the quarterly failed to show an increase in reserves. my own broker was advising me to sell on this fact. so how many other brokers did the same thing? maybe it started to reverse in price before the actual report, but then we know there are some who know in advance of the rest of us.

so irrespective of gold price, CRS's fundamentals have changed for the worse and the price differential v gold price does have some explanation.

I am not either a TA or fundamentalist. Both are good tools.

cheers
ac