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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (17893)	8/9/2006 1:32:16 PM
From: Mr. Aloha	Respond to of 78416

I see distribution.... all* high volume days led to lower closes* That's funny -- in the stock's history, I see 9 days with volume over 400,000 shares, and yesterday was the first one ever to close lower, and that came on half the volume of the day before, after the stock had rallied 45% in 2 days on 1 million+ share volume each day. On the weekly chart, I see 6 weeks with 1 million+ share volume, and every one of them closed higher. Last week was the only 4 million+ share volume week in the stock's history, and it was up 31%. Am I looking at the wrong chart? I think the selling into the recent rally and the selling over the weeks before that was from short-term traders and some PP investors from the March/April financing taking profits after the 4-month lockup expired. It looks like whoever needed to sell is about done. To me, it looks more like a transfer of shares from weak hands into strong hands with a longer-term view.