I like this chart see bottom for comments
posted on
Feb 14, 2010 09:37AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
SGR-X:
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When I look at the above chart it looks like we are on another leg up to complete another shoulder head shoulder ( to what level only Lunch Meat knows) . If you can guess the top of the next shoulder then there may be a great buying opportunityas the SAN chart completes its third shoulder head shoulder since $2.00 June 2009. Since the low of oct 2008 this stock has gone straight up but has had some dramatic pull backs in between (trading opportunities). At about $2.00 june 2009 the first shouldr head shoulder was formed the second upward part of the shoulder being short lived however at $2.30 august 2009 the second started and the third started at $3.00 January 2010. The first two lasting 4 to 5 months meaning this one should end late Narch or early April 2010. If this trend continues a great buying opportunity is just ahead mid March early April. With the PDAC on March 5 to 10 2010 expect a news release just prior to the show and an upward push to about March 15 2010.I think I will make sure I have lots of cash from March 1 st on.
Of course this is all just my opinion and may not come to fruition. Any and all comments are greatly appreciated because we have an unbeleivable community of intelligent well informed shareholders and professionals on this web site all working for one common goal.
I just what to thank all poster on this site for your input every day and the courteous way everyone responds to one another. You are a great group of individuals.