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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: whitepine who wrote (98855)4/11/2008 8:16:52 AM
From: Ed Ajootian  Read Replies (1) of 206325
 
whitepine, Petro Resources (PRC) -- since your "measure of skepticism" the stock has rallied on massive volume, and then held those gains, also on large volume. Are you still waiting for $.50, and what do you think of the chart now? If you still think it will go to $.50, what event or series of events, if any, would cause you to change your mind?

The fact that it held its gains yesterday is a big clue that whoever was dumping stock has now gotten to the point where they don't have to unload much more in the near-term, or otherwise they woulda offerred more shares yesterday. Finally we will get a chance to see where this stock can trade without some big seller constantly raining on our parade.
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