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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: We should have anticipated the Friday BS

We should have anticipated the Friday BS

posted on Aug 23, 2008 10:16AM

Every KRY NR has been followed by major selling, sometimes right after the NR, othertimes within a day or two. Frankly, any retail or institutional player would have to be brain damaged to buy KRY thinking that it will keep rising for any length of time after a NR. People with more smarts and bigger ones than me have figured out that those are the best times to short KRY. I am thoroughly disgusted by the front running of each NR and I for one don't think its the VZs who are reponsible. I would like to know when KRY received or was advised of the letter from Minamb. The NR was put on Marketwire at 8:11 am EDT on Friday. Did KRY Toronto first became aware of the letter that morning and immediately put out the NR? It would be nice to know more about the timing and circumstances.

Retail tends to underestimate the intelligence. resources and ruthlessness of insiders and manipulators, be they VZers or not. This permit garbage has been a hedge fund's wet dream. Big ups, big downs and those with inside info have been laughing their way to the bank.

At some point things have to start going our way. At some point the gains will have to stick and we get a real, sustained uptrend.

When?

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