Nothing posted on this blog is a recommendation to buy/sell any security. It is purely the writer's opinion. Do your own Due Dilligence!

Wednesday, March 08, 2006

So far, I'm right on...

If you were watching your stocks today, it was a very volatile day for sure.

Silvercorp trades today within a range of $2 if you can believe it.

The lowest it went was $10.25 and the high for the day was the close of $12.20.

I think it will open higher tomorrow and go higher from there.

I can see that when looking at the Silvercorp trading patterns, there are not that many shares trading hands.

For our market cap, we still have (relatively) low volumes.

Just wait until the mining permit announcement. If it goes through like I'm assuming, there should be a big spike in the price.

I loaded up quite a bit of shares of Silvercorp yesterday and I told you that there shouldn't be more than 10% downside.

I was looking at the price mid-day and I had a little doubt but now that the market is closed, I'm pretty sure I'm right.

This site is no longer being updated. I have moved to Stock Bullz: Your Daily Canadian Stocks Blog. Please come join me there!



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1 Comments:

At 3/09/2006 08:41:00 AM, Blogger QBITGAW said...

Good rebound on all the stocks.
USGL $6.45 US --- the 4 takeover stocks still at discount

 

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