Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Thump. Back down to earth

Oct 20, 2008 06:52AM

Maybe we need a little consolidation after the huge run last week. It could be that the big buyer(s) are either waiting a bit to see if price comes down a little to resume buying. Why pay more than you have to? Let's see how the day plays out and see if we get any huge volume like we had last week. Day traders playing last week's momentum are always the first to bail when the upward trend looks broken.

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Oct 20, 2008 07:54AM
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