re: chart...who has got the guts to go long lol? Damn it Sabretooth you've got me thinking now lol. I just ran some calcs on what it would take to close that big gap up there.
A 61.8% retracement up off the $1.25 low would be $2.33 (inside the gap) and, uncannily, a 78.6% retracement up to $2.62 closes the gap to the very cent!.
Hmm...Tuesday will be very exciting. Wondering just what it would take to reach the gap. Don't know if the Tarmoola mine closure, clarity on the tantalum contracts, and write downs as anticipated would be enough. May take some time.
Either way it moves, I dare say I will have a position.
Christian
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- good article
SGW
sons of gwalia limited
good article, page-9
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