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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (773)4/17/2000 7:42:00 AM
From: Little Joe  Read Replies (1) | Respond to of 4409
 
"The drill results DID move the stock. From memory it was +.32 one or two days before the news was out. In the NASDAQ crash we gave that money back. I don't have a problem with this"

Yeah, but it gave it all back. Remember there were stocks that were up on Friday. The NYSE had 427 advancers and the NASDAQ had 546 advances. Also, the XAU was up strong on Friday. In view of this, it is difficult to attribute the downside move on Friday to the turmoil in the U.S. markets. As for the chart, 2.70 is an important resistance area. The stock hit the 2.70 area and dropped like a rock. A move lower today breaks the trendline from the recent lows and if that happens, a test of the 2.00 area is coming.

Hope I am just being a curmudgeon and all is well, but I don't like the action in this stock. There is an old adage, that when the news is good and the stock does not move up, look out. I have absolutely no idea of what the problem could be. Everything I can find out about the stock, says it should be in a strong uptrend. The news has been great and there are high expections regarding future news and yet the stock won't get going. It has had more than enough time to consolidate its prior games and it still won't move.

Well, maybe I am just a worry wort.

Live long and prosper,

Little joe