RIV
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0.00% $16.20 riversdale mining limited

a chartists commentary please, page-14

  1. mitis
    6,734 Posts.
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    25/01/08
    12:46
    Post #: 3288524
    Hey Rondog

    did you close out your shorts mate ?.... there wasnt any bad news as you can now tell...

    "Why do you think we may have some bad news coming?"
    The answer is this: Because RIV was making a Head and Shoulder pattern. This doesnt mean that I know the precise nature of the bad news, it simply means that I can read the mood of the market through the chart.
    Seeing RIV is down to $7.19 at the moment and it was at $9.40 on 11 Jan, I think I read it correctly and shorted the stuffing out of this turkey."
    RIV Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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