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CdnYsguy

38 Posts.

09/06/16

04:38

Post #: 17990311
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Originally posted by wgdt72 ↑

IMO i am expecting profit taking and a retrace. Not really all that good at the charts so thanks for any info posted on this guys as it helps me out. From only looking at the buy side it seems a lot of small parcels. When HGI sold out last week they sent the price spiralling down as there was not enough buyers so they were taking a lower price to sell down. So IMO if a large holder/s wants out it could retract significantly and head towards the $4 mark. Time to top up then!!!. Would a season trader sell at these levels and pickup at a lower level? Probably but i guess the risk here is that the price just keeps heading north. Could be more of a bumpy ride from here than what we are used this year so far. GLTAH

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I share the sentiment. Recent history suggests '2 steps forward, 1 step back' is the general trend and the scale of the price fluctuations is pretty impressive. Is anyone trying to trade off these things? Last week when it dropped, I told myself I'd try and catch the next peak, but even as I think I'm looking at it, it is too scary...

ORE Price at posting: $4.88 Sentiment: None Disclosure: Held
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0 Great analysis

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