Re: Move UP! and Down!

Great Panther Silver Limited

Fastest growing primary silver producer in Mexico.

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Panamax

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Re: Move UP! and Down!

in response to

Re: Move UP! and Down!

mergatroyd

posted on Sep 16, 2009 11:01AM

Mergatroyd -

I don't really know. Perhaps some folks bought very low and they are now selling into strength. People have to be selling to make the price move around like that when so many want to buy.

Also, I have to buy via the Pinks (GPRLF) so I know that the market makers can "play games" to help or hurt the price (and maybe their friends). Maybe they do they same thing on the TO.

On a positive note, the one-year chart for GPRLF is very strong. While I don't have great faith in technical analysis (since it always looks backwards), I try to use all of the "tools" that I can. If you overlay the 50 day Moving Average, you wil see that the share price has "bounced" off of the 50 day MA several time since January.

Chartists say this is very strong sign of upward price movement. The facts speak for themselves.