posted on
Feb 26, 2008 11:19AM
the reason why GPR has taken off today..no news from GPR but resource estimates have been expected ages and GPR hit a new 0.85 low last month (not last August), more importantly - selling has dried up, its very hard to trade anything that only moves a few cents either way a day. I recall writing to IR @GPR last year that there seemed to be no connection at all to the price of silver.
ECU is one of the top five performers, the long term chart is excellent, ECU has put in a complete wave 1 up and wave two down on a very bullish rising base, and the rise off the 2007 low into Sept/Oct was very -very strong.
The recent spike up towards 2.40 equally strong..although day traders probably wondering if its going to back fill the gap completely...a downwards consolidation is replaced by a sideways one quite often on this chart, which takes time rather than a price to clear. Eventually when the right info is out in the market this stock will move. The potential from a fundamental as well as stock performance basis is already on record.