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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Bid is Building!!

Re: Bid is Building!!

posted on Feb 29, 2008 07:32AM

Chris - Were you paying attention this morning? We got a gift opportunity to buy more near $2 thanks to an innacurrate news report.

These always cause an over reaction and a buying opportunity. I unloaded 5k shares (25% of my holdings now) in the PM as soon as I read that story.

I got back in at $2.02 (had to bimp up my BID from $2.01)

$2.18 will be seen as a resistence wall by short term traders. When it gets near they will dump and look for another entry below.

Only when it breaks decisively through that wall will it be able to go higher.

$2.10 is goinf to act as a psychological pivot point or base because of the financing deal.

Good luck.

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