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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: Cripe

Re: Cripe

posted on Jul 10, 2008 06:39PM

Krype - The market hates imbalance. With KRY there is no greater imbalance than right now. KRY was valued at a low near .60 when there was virtually no hope that they would get the permit. A PR and various news stories has removed that reality. The price rebounded but nearly as much as it should have. KRY retail, ever impatient and in many ways sheep to the instututions and big players looked only at the decline and sold. At the same time institutions have been increasing their positions. Nothing has changed since the PR stating VZ was reconsidering the denial of the permit and in fact most articles have supported the notion it will happen. Yet the price has declined to a point near the level prior to this good news. This is one of the greatest "imbalances" I have seen a a major reason I have gone from a long time KRY but reduced holdings and standing off to a more active involvement. Unless there is something fundamental that KRY mgt has mislead us on, and I do not believe this, the market will soon recognize this imbalance in the KRY PPS. Just my opinion, but I think KRY is a great play right now in reward/risk terms and even if we go down further it is well worth the risk. It is easy to become disheartened but if you do you DD or at least read what DD has been posted here you must se that to give up and sell now is exactly what big players want but exactly what is wrong for retail. You must understand that retail is ever the pawn in the market and even more so in speculative plays. I would not only hang on now but would be (and am) looking for more opportinities to enter. So you know, I added 15,000 shares today and will look to do the same tomorrrow. That will take me up to almost the maximum position I have ever held in KRY. Look at the DD, look at the risk and look at the potential reward, which even if less than the optimists here claim is still a good bet. Only the big money manipulators want you to think differently. Do what you feel comfortable with, but for me I am adding.

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