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

To: PaperPerson who wrote (49135)	9/21/2007 12:33:38 AM
From: stuffbug	Respond to of 78410

Right, you are. However, I think we may be comparing apples to oranges. I was analyzing Pinetree as a long term investment. Thus, I think the share price is currently way over valued. However, anyone looking for a quick flip certainly had ample opportunity to buy and sell the bounce off the bottom. Although the bounce retraced about 40% of the final down leg, the bulls were unable to fill the gap at 7.75 - 8. Short term, it looks like the stock is headed lower. I would look for support in the 5 to 5.50 range. The massive sell-off in August has had one positive affect, increased liquidity. The average daily volume is now around 2 million.