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Charting..??, page-7

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tradesido

3,653 Posts.

164

16/07/14

07:47

Post #: 13665114
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Originally posted by junior101 ↑

In my opinion, charting on "discovery " type stocks is a waste of time
and can lead to serious mis-information.Most Junior exploration stocks
have little or no cashflow,but have expertise in management related areas
in terms of the "potential"of a prospect etc.Who would of thought that say,
oil explorer SSN would go from 1.2 c to over 20c in the light of the absence
of any reliable charting etc.It is the history of the "ground' that drives discovery
and investor support for explorers..in SSN case it was the Baken Formation and its history
of discovery that drove investor confidence not charts..Hence Nova discovery will
drive RMR support etc..

Cheers

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SSN went to 22c i was in it from 2.3 till 8 and got out to quickly, it was all about there partner Chesapeake coming on board that drove it.

RMR Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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