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Gold/Mining/Energy : Cornerstone Capital Resources (CGP.V) -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (21)	12/9/2009 6:22:32 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 63

rmf - I gave my thoughts on DMM.to the other day here: Message 26159690 Since that post the stock has proceeded down to the 61.8% Fibonacci retrace level which I had said was typical of these stocks. The key for me is to look at the volume on the way down relative to what it was on the way up. What we don't want to see is a retrace on heavier volume and in this case, the volume is dramatically lighter. We will see if 4.80 gets support, if that goes than a 100% retrace comes in to play, but at the moment I don't expect things to go that far. We will just have to see. Don't know if POG will be weak through the end of the month or just until the Treasury auctions complete this week. I guess we will see by the end of this week/beginning of next week. It's looking a shade less green around the gills this morning, but it's still early. Big bid at 0.14 on CGP seems to be saying "this is the line in the sand".