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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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To: PaperPerson who wrote (4250)8/17/2011 11:11:55 AM
From: PaperPerson  Read Replies (1) of 4690
 
Back in the saddle on CRJ warrants

last trade tuesday 70 cents. now 85 cents.

they tend to do ziggy moves like this because they are so illiquid.
on tuesday, somebody probably just wanted to dump 1000 or two and took the hit at 70 cents.

today folks want the warrants because the stock is suddenly on a tear on news that they found a fresh high grade gold zone at seabee that looks like it is accesible from current underground system.

re daily chart, on balance volume still needs a tuneup but the rest of this week should take care of that.
volume is heavier than usual and it is to the upside.
the stock did just break through its previously lethargic 50-day moving average at c1.80.

last trade 1.85 up 21 cents. volume around 800,000. lookin' good for this fall!!!

stockcharts.com
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