Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Reason for pressure on PPS

Reason for pressure on PPS

posted on Jul 24, 2008 11:50AM

The Dow, S&P etc are all down dramatically and along with yesterday there are Big margin calls requiring a scramble to meet margin calls. The 1st stocks they sell are the speculations. Look at the Kry volume in the last hour - very large compared to recent past. Investors have been told "cover your margin calls or "we"(the house) will do it for you and when that happens the house sells the higher priced stocks because it develops $$ quicker. Given that choice investors sell their speculations.

Remember the facts - the permit is moving forward for the reasons we all know. This selloff has little to do with Kry other than people are being forced to come up with cash.

Roberto

Share
New Message
Please login to post a reply