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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: to all....
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Aug 21, 2008 04:25PM
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Aug 21, 2008 04:31PM
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Aug 21, 2008 04:32PM
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Aug 21, 2008 04:35PM
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Aug 21, 2008 04:47PM

CJR - You are dead on and my thoughts exactly. I missed most of the action, except watching on my blackberry, but I agree that stocks don't rise 40% on no news for no reason. Volume was light for a news leak, but I guess that dpends on where it is leaked.

You and I have seen fake news good and bad move the stock, but it was always caught quickly and reversed. We closed on the high and volume was 3x 10-day volume.

Since this occured after a contracting range and volume I thought it was the technical coiled spring I was waiting for back before the Q2 release. It may be, but I think there is something more behind it.

UR right too that tomorrow is the confirmation. I do not believe the rise was due to the article because if it were any trader worth his salt would have sold into the rally with a vengeneance, yet we closed on high and the bid remained decent volume at and above the close in AH. I almost sold some in AH but something told me to wait. We'll see tomorrow, but I definitely agree that there is more to this than a bad dated article or even Techincal conditions (and those of you who know me know how it is for me to say that).

The last few times we have had a Thursday spike we dropped on Friday so I am hoping we see a continuation of the uptrend to confirm the breakout.



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