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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: 3M Shares Traded on AMX
2
Jul 25, 2008 10:01AM
1
Jul 25, 2008 10:31AM

I'll stick my neck out. Every sign I have been seeing with contracting range and volume was showing me we were about to turn. Then we had the downgrade from Haywood. (still never sent the "story to follow"). That sent us down some more which I think was retail capitulation.

I don't know what these cross trades indicate but one of the things my trading mentor told me to watch for was a stock that shows unusually high volume but price stays in a tight range and does not move much throughout the day. He said that is very often a signal that someone is trying to accumulate silently (if the stock has been in a down trend) and often preludes a major move. I read about this phenom in a trading book once and the author called it a "silent alarm bell" and a strong signal (buy in this case). at over 3 million shares I'd say more than 75% went off at .73



It seems every time I see this with KRY some news comes out to take away the opportunity. I fully loaded from .83 to .80, over the last few days, which I see now was premature.


Still, I think based on all I see that at least some major money players think something good is about to happen. Let's hope they are (I am) right!


As far as this weekend goes, I think Roy Carson said his AN source told him an agreement was still some weeks away and Hugo would not be mentioning LC or Brisas this weekend. Not that I put a lot of faith in it, but hey.




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