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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: Today's Trading


Today's (AMEX/NYSE) Market, with a little more than half of the trading day gone, is in "Bounce Mode" where those who bought high are cost averaging down which slows the downward cycle that started about 6-7 trading days ago. Trends are difficult to reverse.

KRY sp has been somewhat flat since initial downturn at open, currently running between 0.1800 and 0.1900. Would be nice to have KRY sp stay above, or near 0.1871, the current 50 day MA, as this is normally a buy indicator.

KRY volume significantly lower than recent days, with a pre-lunch 11am (eastern) dump of about 150k that did not significantly move sp. At 1240, about 125k shares moved and it did not significantly change sp. These appear to be attempts to "drum up business."

Have seen the speculative debate about merger/takeover/offer etc. Seems GRZ and RMLFF are mentioned much more often on this Board than KRY is. My only opinion of any merger/ takeover/offer is that it could be a unique short term trading opportunity for KRY share holders because generally KRY sp would rise dramatically to the offer price (or very near), and shareholders can use this to better their position.





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