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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: viper who wrote (5068)2/10/1998 10:32:00 AM
From: Fulvio Castelli  Respond to of 10836
 
Reptile ... there is an individual on SH called 'bbfisher' who I have a great deal of respect for. He is wise beyond your comprehension and he posted something today that I thought you might chew on. Hope you choke.

Technically speaking, i hope some of you find this helpful.

yesterdays action was useful. did you notice the volume before the halt? it wasn't really that much. indeed i think a critical lack of offers is what prompted the halt. the lack of something meaty from kry was enough of a justification to open the stock lower thereby creating enough anxiety as to spur some additional offers and thereby temporarily reliquify the trading. i am sure there were a number of short sellers adding to the liquidity as well. all in all a necessary step on the road to higher prices.

imo, this deal will not be fully complete for some months yet. however the share price has fundamentally altered course as of early january and is now in a fundamental uptrend lasting imo another 5-6 months.

there will be many chances to buy and sell this stock between now and full retail pricing (not before summer). we have not seen the highs for february 'yet' and march and april will see still higher prices before anything looking like a serious correction begins, imo!

if mr. eliot wave theory is correct the jan97-july97 action was a complete 5 wave (WAVE 1) uptrend. the long dry spell from july97-jan98 was the corrective WAVE 2.

****within this corrective wave 2,the dominant uptrend WAVE 3 began at the critical down day in july 97. (essentially that critical drop in july WAS the corrective wave 2, similar to the 87 crash). if this theory is correct then wave 1up & 2down of the larger WAVE 3 UP have been completed at the jan 98 lows. what we are witnessing now is the strongest wave of all. the wave 3 up of the larger WAVE 3. theoretically this is when the share price reflects its true potential based upon the underlying fundamentals. in other words, the market WAKES up to what the deal is all about. we are in the starting stages of this process.***********

i am astounded at the effortless way in which the short sellers are being soothed into holding and adding to their positions in the face of relentlessly higher prices accompanied by confirming volume. normally the shorts are the most sophisticated side of any trade yet this deal has them blindsided and the market action gives them enough emotional reassurance to continue in their folly. this is amazing to watch.


BTW, like I said to Dan, this is my last post to you. I will no longer pollute the bandwidth of this forum by responding to your blatant attempts at disinformation.

Have a nice day (not).