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GOLDEN PHOENIX MINERALS (GPXM:OTC:BB) Nice!
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[QUOTE]Originally posted by Purl Gurl: [QB] I write, "During this time period there are no company events which warrant such a steep, sudden climb in share price." Before my words can be twisted, there are company events during the third week of August, but these events are not of the type which would cause this much of a rise. The news during that time period, might cause a nickel a share rise caused by naive traders, but not a full ten cents a share rise, which is piggy-backed on the first initial rise. I could propose a possible explanation but evidence is not available nor all that well supported. A possible but more of a guess, Naive traders like the news of August third week, creating a bit of an upward run. This is ok, this news is positive. Some traders see this then jump in at boards, pump, causing a bit more excitement amongst the naive. This leads to the secondary upward run shown in my chart. A profit taking fall is very clear in my chart. This would be the pumpers jumping out for profit. This ten cent rise in prices, in two stages, does not fit the pattern of a pump and dump. Adding to this, a pump and dump will display a gradual climb in prices, not a very steep radical jump. A true pump and dump takes time. A pump can happen in one or two days, which is what we see in charts. This is actually fairly much typical behavior, not all that negative. Prices "should" fall tomorrow and on into the week. Of course, this is not written in stone. End result might be a little bit higher bottom support. However, momentum behind a fall like this "should" drop prices below bottom support, a buy chance, followed by prices moving up very slightly, then become level for a time. Buying just below bottom support affords you a better chance of not losing money, but is not a guarantee of making profits. This is simply a bit better of a buy position. For a upward trend to develop, this company must provide news of moving into full scale operations which suggests future revenues. Again, I like this company but GPXM is in the middle of a transition period from the Mineral Ridge operation to the Ashdown moly operations. No doubt, there is a reason for this switch, most likely a good business decision. This switch appears to be presenting some good buy prices for the long term. I truly think this company will do well in the future. Purl Gurl [/QB][/QUOTE]
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