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Message: 50-day MA

With the price at 1.29, we have now dipped below the 50-day moving average, which is at 1.32. Short-term, I think we're heading a little lower as the small sells by GMP and their partners in crime seem to be unrelenting. However, IMO, do not get shaken out of your shares since the volume in the selloff is low, even with some retail shareholders getting nervous and adding to the selling pressure. There has been a lot of nervous speculation on SHouse about ES being a duster. At this stage, nobody, not even CGX, knows what is in ES or any of the other target zones. Don't fall prey to the negative talk.

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Mar 27, 2012 11:38AM
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