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Author Topic: CAL on the TSX  (Read 254 times)
Dr George
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« on: January 29, 2008, 10:19:46 PM »

Team,
what do we think of CAL?
exposure to cobalt and gold.
consistently solid volume.
looks good to me.
I'm looking for another 25% tomorrow.
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« Reply #1 on: January 30, 2008, 04:02:40 PM »

Been watching the blocks trade...looks like its being washed to me....running the box again. Too much stock moving off/on the offer when the bid changes... It does not trade "natually" enough for my liking. I like it as a short now, just like most indicators will reveal....Good Luck.
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Dr George
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« Reply #2 on: January 30, 2008, 09:05:06 PM »

Depleted,
what were these indicators you followed? do you have level 2 access?

I guess this one didn't pan out just now, a lot of stops probably kept it down as well. What does your crystal ball (or TAS) tell you now, after the close?
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« Reply #3 on: January 30, 2008, 09:29:16 PM »

CAL.TO...Hmm...-8.82% today....guess going short was the correct call...for today..... Tomorrow...who knows?
The "control" I mean, is controlled stocks....Sage Gold (SGX.V) and Detour Gold (DGC.TO) (Hunter-Dickinson Group) also come to mind. They look great, I tried a while back on Sage at .45, and luckily got out at .55, but it was hell, every time I placed a sell in, the offer dropped, almost immediately, so I ended up having to wait, and hit the bid, with a little at a time and staggered my trades...not much fun.  It was very "dry" as I call it, when there is not enough "public" liquidity at play to get in/out when you need to.
Re: CAL.TO...from where I sit, on the OUTSIDE, with the big volume spike, this stock seems to have had runs up to 0.25 in april/may of 06 and 07, and at first inspection it could be the same. The only difference may be, if the VOLUME stays higher, on average, and the price level holds, then.....well, I would say they have "activated" this stock from it's dormancy (accumulation stage), and is now going to trade in the .20-.50 range, but volume will tell. I remember IUC.TO (Intnl Uranium) when it broke out to 1.50, and it was "awaken" from it's dormancy, and moved on from there, to a larger scale with Denison, but that is another story. I just call it as I see it, and have no professional market experience, (as you can already tell), that's it. I really rely mostly on TA, as I feel it gives me a window on the emotions of the traders at large....
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