Gran Columbia Gold Corp. not so grand
The lesson to take away from this case is that holding a stock in a steep decline is a bad plan.
The lesson to take away from this case is that holding a stock in a steep decline is a bad plan.
What gives me the most concern at this point is that it appears a bearish descending triangle pattern has formed.
If you were to be a buyer at these levels you would be swimming against a strong tide. I would say that patience would be the better part of valor.
Lou, Do you see any chance of a reversal in this beaten down stock. They are getting close to 2,000,000 ozs. of gold production. The market seems to care less. Thanks Tom Hey Tom, This will be the fourth time I have examined the case for Kinross Gold Corp. (K TSX) since July12, [...]
The lower resource estimate reported on November 10, 2011 is already baked into the mix so we might just be at a point where all the bad news is out.
The stock caught a bounce off support at $0.45 and is currently clawing its way back toward $0.60 …..
Currently there are a few things to watch besides volume. The period of seasonal strength for gold comes to an end in early October.