Southridge Enterprises Inc (SRGE)

[RedHotStocks]

Hate to say it but SRGE chart is broken. After the dividend is paid out expect a drop to the .005 area. Until the company can update shareholders of the current float and something more substantial than a CA agreement (which the timing of it was very coincidental as the stock was plunging ) this stock is trapped under alot of pressure. The whole gold mining sector is in bear market territory because of gold and silver prices falling. China has had alot to do with the recent drop in gold.

On the sidelines is the safest place for investors watching srge for now until the story changes and the price breaks .0082 on big volume again.


JMHO This is not bashing this is just an honest analysis of the story and chart technicals for longs.