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Gold/Mining/Energy : Sandstorm Gold -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (342)	10/22/2010 10:44:56 PM
From: PaperPerson	Respond to of 1133

NOW, I agree. Hard to find a worse looking gold stock. it pains me and humbles me to be so wrong on a gold stock in the middle of a gold rush. i thought this thing would be shaping up great this fall, and it has been nothing but a DAWG! i am glad i am out. at least i did that before it got too painful. by the way, for anybody holding those warrants, they are now severely overpriced, way over double the stock price. they should be sold while you can get high 30s for them, in my now humble view. the On Balance Volume chart above the price chart shows distribution, both daily and weekly. what we want to see is a stock that has gained some stability, maybe not moving up yet, but the daily obv is picking up steam, showing accumulation. this is the opposite of that. WEEKLY BASIS, stock falling beneath one year moving average, which i assume means below support. (That blue line is a 50 week moving average on the weekly chart). stockcharts.com ON DAILY BASIS, stock is already indecently below both 50 and 200 day moving average. stockcharts.com

To: NOW who wrote (342)	10/23/2010 6:18:10 AM
From: TheSlowLane	2 Recommendations Read Replies (3) \| Respond to of 1133

I could be wrong...I often am...but the stock looks like it hit a buy point this week. Things were going along okay until the PP was announced and I suspect there was some selling in advance of the announcement which helped start to weaken price. The chart shows a large triangle and that the stock has just bounced off of the lower side of the triangle. RSI and stochastics are getting towards their lower extremes. MACD has not turned up yet but appears to be heading that way. Just thought I would provide another read on the chart. Still have my shares but at a razor-thin profit now. The fundamental story has not changed, the cash should be flowing in now. The biggest question I have is whether they will continue to be able to get deal flow in an environment of very strong metals prices. edit - also...meant to point out that as this dramatic fall in price has been going on...volume has contracted signficantly so it looks to me as if the selling pressure is abating.