selling pressure still out there. We have been told that people have been talking up this stock, yet sellers keep coming and the price fails to break out to the upside in any significant manner.
If it does then my charts will change .
Some time ago my charts warned that there were sellers about and nothing has yet changed .
Obviously there is sovereign risk ,there is the time constraint risk also in Mexico however they may not be the only reasons for the selling .I just cannot explain it.
I also do not believe it is the falling gold price .
If there are all these recommendations out to buy then why has the share no blasted up and away.
The options could be a somewhat different way to play this stock rather than the head share.
For some reason acturtle appears not to be invested in this share, if I have read his post correctly and he says that he has done very well in dealing in the oil wells drillers , so I presume he is not convinced as to the upside potential.
Best wishes
B2
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