Share
1,052 Posts.
lightbulb Created with Sketch. 50
clock Created with Sketch. 27/01/17
17:48
Share
Originally posted by nrcmedia
↑
PG....we are on the same page in terms of management transparency. I lost a lot of respect for management since my original investment in 2014. As much as I wanted this company to succeed, every time I thought they had finally reached a breakout point something happened to rein in my enthusiasm. So for now...I am just going to hold on to the shares I have left and hope we pop through the $5 mark. Looking at the 'Monthly' chart we are at the top of the channel at $4 (US)...the bottom of the channel is $1. This is on the 10 year monthly chart. So if it breaks through the $4 level here and holds, I think we are headed much higher. If it staggers under $4 and refuses to breakout it's going to be a long year. The 'Weekly' chart on a 3 year outlook is at a 'pivot point', so either way this stock is at a historic juncture currently and it is a 50-50 proposition technically. I'm through predicting any upside or downside...just going to wait and watch. I am more relaxed now that I have transferred a good portion of my lithium investment into Albemarle. I have high hopes for the Chinese market in lithium hydroxide. Whether or not ORE becomes a participant, will be left for another day....for now would be nice just to see the 17,500 tons per year reached...as promised.
Expand
I am half inclined to sell much of my holding if the price hits or gets close to4.90 prior to the HY. I have been burned hanging on to stocks too long - CAJ, BAL, CZZ. I want to bank some profit from ORE and I don't trust this company to present an activities/financial report that will justify an SP rise.
