GDN golden state resources limited

I made the response earlier in the week that IMO we would have...

  1. 1,612 Posts.
    I made the response earlier in the week that IMO we would have to wait for the vol to come off signifying the bulk of the selling had been done. We would then wait for the consolidaiton/accumulation phase which could take days, weeks, months. This should be followed by vol to starting to come back in showing the buyers were taking control again before the next run.

    The selling at the moment is probably a combination of 2 things. Those who got burned before on the way down and said to themselves, when it gets to "that" price again I will sell and the others who bought on the low and are now happy to take their 10% or so profit.

    I hope it is days and not the latter time frame before price starts to run again.

    So far though tech. wise the price has found support and all being well and a few decent announcements and we should be set for another run.
 
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