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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?


To: wayne cath who wrote (818)5/13/1998 4:56:00 PM
From: Ed Pakstas  Read Replies (1) | Respond to of 3380
 
Wayne...IMHO, yesterday's volume was not a typical one... Going over the trading for the last 3 months there were only 6 or 7 trading days that where higher volume... The profit taking signal yesterday should have been when the stock started trading the first 100K on sideways movement and then down ticking... There was a lot of built up "anticipation" of that NR...

Now it's gonna take a core with some decent results to get her going again...

We will see the same kind of action just prior to a news release like we did last fall...

Volume today lightened up but the share price continued downward...

Suspect the same thing to happen tomorrow on even lighter volume...

Time to get back in or average down (for those that paid higher up) will be sideways action on the price accompanied by volume...

Just my two cents worth...

...ed