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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: Re: GREED AND FEAR
2
Mar 04, 2008 07:37AM
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Mar 04, 2008 07:49AM
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Mar 04, 2008 07:52AM

Boss, that is the best advice.  It will be more believable from you as I have been hammered at times for doing the same. I bought my first lot in September 2005.  I got stopped out on one of the wild plunge recovers and started to take an interest in KRY the investment vs KRY the trade.

I sold a portion on rises and bought back on dips, each time buying a litle more until I got my core up to over 30,000.

I'm at 20,000 right now mainly because I made a lot trading KRY in 2007 and I have other specs on the field.

People get frustrated with the sudden rises and slow and steady drops.  They voice tha frustration here especially when they watch the L2 screen and nothing makes sense in how it is trading.

Trading around your position can make days like this much less an issue.  Today was especially bad because it was down so far.  I said last night that if it did not hold I was going to pull another trade with a buy back point beginning at $1.85.

I dumped 25% of shares on the second break of $2 and put in an order to rebuy at $1.85.  Today's recover should speak volumes about the support behind KRY nad why it is manipulated.

 

Tomorrow should be interesting.

 

 

 

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Mar 04, 2008 01:48PM
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Mar 04, 2008 02:10PM
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Mar 04, 2008 02:25PM
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Mar 05, 2008 04:46AM
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