powerful bearish price bar/ movement yestday., page-8

I don't mind the negative posts as long as there is some reasoning behind it, which there is, even if it might be right/wrong. Having threads cluttered with all positive people tells me nothing about 'issues' that I may have missed, etc.

As long as you keep it civilised you can see both the + and -.

Here's my reply to Fish:

" The facts were yesterday sellers were looking at getting out of the shares" - Yes the open was near the low and the close was on the low, but the range it traded in was small, and the volume was the 6th lowest is the last 21 trading days i.e. volume was low (875k). Technically it is in a uptrend which started on the 12 Oct 2012 with volume ~2.2m. If anything you could call the trading pattern which has occured a FLAG which basically started at the beginning of Oct. It has now broken out of this FLAG pattern and moved up i.e. continuation. What does this mean? A good chance of going past $2.50 (not straight away)IF global markets behave. FLAG patterns happen after strong trend moves up and this started in Sep 12 ... blah blah blah I cant be bothered breaking this down piece by piece, but look at the volume.

"and with these troubles in Mali I do not blame them one little bit." - PIR is basically tucked away in Mali West, for atm, away from these 'troubles' as you call it. It doenst mean that it CAN'T happen but atm looks OK. A major point on this is, if the issues were so bad EVR would not be taking over AVR who are above us. With this you have Randgold pulling out record numbers or close to it. When these two producers start seeing trobules then I will be worried, but atm they are running as they have planned/planning(see the websites) ... blah blah blah again, can't be bothered.

"Why invest in this company when there are others which have more stable juristictions in which to carry out a PROFITABLE business." - See above point.

"The price of the shares opened and then was overwhelmed by sellers and closed below the opening price. A Very negative price move especially as the intraday high collapsed." - See above point.

"There may be a Pile of sellers 'OFF Screen' waiting to be a taxidermist and sll into some 'Easers'." - Could be. Everyone buys and sells I guess.

Only thing with TA is that you have to compete with FA as well. Today the FA came out which could lead to the TA taking over for the time being. Next bit of TA I'm looking out for is the behaviour around the high of $2.02.

Look forward to your reply.