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Hadn't really given it a ton of thought, Sunshine.
But I suppose if this is a "slow trading week" it makes yesterday's well-above-average volume all the more impressive, no?
In fact, all week we've been above average volume - albeit still relatively trivial.
Tomorrow should be interesting. A WAG for me would be 3.5M shares traded and a close bang on 5c.
But to be 100% honest, I will be no more surprised if we finish the week at 6c or 4.5c - it really could go either way and if history is any indication, it will be largely predicated on the amount of volume we get.
Have a good one.
I was close! (Happy to be on the underestimating side, even if it is only 1/10th of a cent)...
My guesses, just for fun, based on today's final volume:
Between 1M and 2M shares: 0.045 close
Between 2M and 4M shares: 0.048 close
Between 4M and 6M shares: 0.053 close
Over 6M shares: 0.06 close
Maybe I'll play this game again tomorrow, but up my predicted numbers a bit, as I think we'll close out the week strong!
My money is on Canadian, FWIW.
Just a hunch...
I'm interested to see what this trades like after about 1:00pm EST or so (after the lunch "lull")...I wonder if we'll get some more buying and end the day around 5M shares or if things dry up a bit.
I'd love to see some momentum carried into Friday and close out the week strong - for charting purposes and to satisfy my own concerns that this may be just another short-term spike, rather than a true reversal of the lower channel we've been in for months.
Finally, a little bit of volume.
That was odd after yesterday, going the first 40 minutes with less than 100K shares traded TOTAL.
Let's see where the buying/selling takes us now.
My guesses, just for fun, based on today's final volume:
Between 1M and 2M shares: 0.045 close
Between 2M and 4M shares: 0.048 close
Between 4M and 6M shares: 0.053 close
Over 6M shares: 0.06 close
I'm probably way off, but it's fun to speculate!
I don't mind a little volatility to be honest with ya.
The swings are likely due to the market's uncertainty of whether or not this is actually the start of a run or just another random spike as we have seen a couple times over the past few months.
Today should tell us one way or the other. If we can have another 5M+ volume day and a positive close, I'd be inclined to believe we're on our way to a more sustained run. If we have lower volume, well...I wouldn't be surprised to see us drift lower again.
But really, at this point, it's anyone's guess.
All IMO, of course!
I'd be interested to know your thoughts (educated guesses, predictions, and the like) for the remainder of the week, Red.
Do you think we see a gap tomorrow?
Do you think sustained volume will push us up over 6c tomorrow?
Or are you of the opinion that this was a one-day wonder and we'll correct down a bit?
I understand it's all just speculation, but based on your understanding of the charts and the way it traded today (and finished on what appeared to be some weakness), I'm curious to see what you think about Thursday and Friday.
TIA bud.
You know, I'm not 100% convinced that the buying is due to the news. Of course it probably doesn't hurt - and we'll never know for certain - but I believe the nice day we're having so far on increased volume could be technical traders recognizing that a bottom was in (in addition to being WAY oversold) and we are bouncing off of it.
But that's just speculation based on past observation of how the market typically reacts to PRs of this nature.
If we get some consistent buying at the ask (say, 5M shares per day or so) I think you'll get your break of 5c pretty easily.
And then, you're right...all bets are off. We've seen before on a couple occasions how easily this moves with sustained volume.
This current move looks to be a combo of technicals (the last couple days) and a nice little PR this morning.
So we'll have to wait and see what kind of follow-through buying we get on Thursday/Friday to see if we can close the week above 5c and move on from there in the coming weeks.
Not too shabby either!
But your chart suggests they will announce a JV tomorrow - what do you know that the rest of us don't?!?!
;)
Now that is a chart I can appreciate! ;)
0.048 just hit. Now over 2mil volume.
Let's see what a 5M volume day can do for us....(for starters!)
Another brick in the wall.
Nice PR with consistently good results.
I don't anticipate there will be much market reaction as this PR follows suit with many of our previous ones that have failed to stimulate immediate results.
But this is just one additional piece to add to our ever-growing puzzle. And more proven resources to attract a JV partner with.
Pre-market. It will adjust when all the MM's come on line.
So Red...thoughts now that we have a close above the downward trendline?
FWIW, it also appears to be a close above a longer downward trendline beginning with the mid-November spike into the 7s.
What would constitute a true reversal signal from a technical point of view? Is it contingent upon a close above a MA like dolphintom has suggested?
TIA bud.
0.0415 print on 1.2M volume by noon
...things might be looking up here?
Thanks for taking the time to post the chart Red. Nice to see you here again.
And, IIRC, you always had more to offer than just TA...so even if you feel your charting is under-appreciated here, your take on the fundamental situation of SRSR is always welcome!
Best of luck in all your other plays and hopefully you'll frequent our board again this Spring/Summer with your "technimental" contributions.
Have a good one.
Nice recovery today. Some late volume and a moderate uptick.
Tomorrow morning will be interesting to see if we are starting to build up some of our typical spring momentum!
Yep, green is always nicer than red.
But temper your enthusiasm (as will I) b/c this little surge in volume and uptick in price could very well be a simple case of one buyer who wants to get in.
We've seen some mini spikes over the last few months as a result of a couple buyers who look to snag a few million shares, but then no follow through buying amongst the general investing public to sustain the higher PPS.
Our time will come...of that, I am sure!
A couple 100K blocks just went thru at 0.0385 and then 0.0388.
Just goes to show you how a little volume can move the ask here pretty easily.
Shares are tight, so if you want any sort of quantity you're going to have to pay up (unless you have the patience of Job and are willing to wait days!).
Has been for quite some time...
The good news is that we could get a big "wave" of volume at any given moment. It's done it before and I'm sure it'll do it again.
Out of nowhere we'll see a 5 million share day, followed by an 8M, followed by a 10M and we'll see corresponding price volatility (hopefully POSITIVE/GREEN!).
A little more patience is all we need...
Yep. We're one day closer to signing a JV, uplisting, and becoming a full-fledged mining company. ;)
Well good luck with your future trades robdel. Hope you can turn what you cashed out of here into some gains elsewhere...and then possibly re-invest here once you get the buy "signal" you're looking for.
I think you will be well-served not just turning your back on SRSR. You are 100% correct that it's difficult to watch it drift south like it has been for several months. I find comfort in the fact that I strongly believe we are undervalued here based on our already PROVEN resource base and we are incredibly undervalued based on our POTENTIAL. There is no such animal as a "sure thing" in the stock market (let alone the penny stock market/pink sheets), but I believe this is as close to a sure fire winner as I've come across and therefor I continue to add to my position.
Again, best of luck to you. Keep checking back in for further developments with the company and I hope you can get back in before we start our next sustained run.
Have a good one.
Alright, good to know.
Thanks for looking into that for us, smd.
Sounds like Scott and crew are being very selective in determining their drilling plan so that they are not wasting resources. Scott has always taken the prudent approach when it comes to this, and for that we should all be grateful!
It'll be interesting to see what kind of results we get from the samples out for assaying. The PR containing these results should also include a paragraph or two about the direction we're moving in the immediate future. There always seems to be a little nugget or two following the numbers that indicates what's "on deck" over the coming weeks/months. I'm excited to see!
Have a good one.
Any suggestion of company dilution should be accompanied by supporting documentation/evidence of this claim.
Otherwise it is seen to be posting of patently false information in an attempt at manipulation of a security in a public forum, which is a punishable offence (i.e. illegal).
Just a heads up.
Not saying that Sarissa is or is not issuing shares to continue operations (as they have done judiciously in the past)...just saying that it would serve folks well to provide some support to claims of this nature.
That's probably a good question to fire off to Merle for confirmation.
I'm inclined to say two, but I'm not 100% certain of that.
I know that it's been reported that nothing is turning currently at Shining Tree (they'll recommence that program in late-Spring/early-Summer), but for some reason I'm thinking we've got two drills going at L. Nem.
Lots of very good information in the IBOX.
I highly recommend familiarizing yourself with it if you have a legitimate interest in investing in SRSR.
Once you get an idea for the considerable strides this company has made (particularly given their limited financial resources) since Scott Keevil took over in the Fall of 2007, you'll also have an idea of why this trades like it does with spikes and pullbacks - but always forming a higher base for the subsequent run. Sarissa is a steadily evolving junior "exploration" (soon-to-be mining) company that is sitting on what could prove to be the second largest deposit of niobium in the world - an element that is widely believed to have rapidly growing demand.
The longs on this board are a very intelligent, dedicated bunch (for the most part!) and will be happy to answer your questions...but keep in mind, we are not here to do your DD for you...so asking "does this stock ever move?" isn't going to generate much in the way of a positive response. - Fair enough?
All the best nnvctoo200.
Nope, never. Stays pretty stagnant, as evidenced by the one year chart.
...just ignore the 10 straight days of green where we spiked to over 20 cents. That's not really a "move"...
That's a pretty bold statement there OntaREEo. (And what's that they say? "Fortune favors the bold.")
But I love your conviction and confidence - so much so that you're willing to go on the record with an exact date/deadline.
FWIW, I hope you're right.
I'm about 50/50 on whether or not you will be...but I've always tried to be a "hope for the best, prepare for the worst" kinda guy. So I'm hoping you're right, but reigning in my optimism in preparation that you are not...
That said, even if we have NOT uplisted within a year's time, that doesn't mean we won't have seen significant gains in PPS, as well as significant developments with the story of Sarissa!
Wow. I don't believe my eyes.
Does that make 3 green closes (albeit barely green) in a row?...
I had begun to think that was about as unlikely to happen as my beloved Raptors winning 3 in a row!
Maybe we can start to build some momentum coming into the Spring and start to stretch our legs a bit here...days of half a cent or a full cent green would be nice for starters! But maybe I'm just getting greedy?
Agreed.
I would contend that Scott getting this property "for peanuts" would be the first in a long line of prudent business decisions, confirming that this is an excellent investment opportunity in the short-, intermediate-, and long-term.
Yep, I agree about Shining Tree being a nice little option to have simmering on the back burner.
Keep in mind that reports are we won't recommence the drilling program there until the summer, so we likely won't see too much in the way or results (and a subsequent JV) until later this year at the earliest.
Seems to me that Scott is allocating the bulk of resources to the Nemegosenda niobium project (as he should - that's our meal ticket!), but he will find time to further examine the merits of the Shining Tree gold property.
It's always nice to have something potentially valuable stashed away in our back pocket, isn't it?
They don't have "the same amount of niobium as SRSR"
And it won't even be close when all is said and done...
Piece made no mention whatsoever about a "conspiracy theory" - you are sensationalizing a post to prove your own point.
All he said was that he wanted to verify the source and look into whether or not the author/publisher of the piece was paid (in stock or $$$), which would obviously indicate a bias.
Lots of folks around here who need to work on their reading comprehension and not be so quick to spin/twist words...IMO.
Simple comparison to quell any fears (not exactly apples-to-apples, but for the gist of it):
There is sufficient gold supply to last MANY lifetimes. How is its price doing these days? And there are still many, many acquisitions of junior gold producers around the world - almost on a daily basis.
Competition is good.
Nike needs Reebok.
McDonalds needs Burger King.
Pixar needs Dreamworks.
etc., etc., etc. (I'm sure you get my point - it extends to ALL industries).
Scott Keevil would not be so heavily invested in this project if he didn't think there was a market to sell his product to. He's no dummy...trust me.
Actually, he asked you what has changed with the company that makes you bearish on its prospects?
A legitimate question if you ask me.
Perhaps you should take some time to work on your reading comprehension...just a suggestion.
Look who is back...
Thanks for taking the time to share your thoughts. I know exactly what I'm taking away from that post and it has little to do with the content and more to do with the "message"...if ya catch my drift. (I'm now benefiting from having been part of this shareholder "community" for a couple years...certainly helps with reading beyond the written word.)
Good luck here syracuseo. I think we are all about to see some green in our not-too-distant future thanks to Scott's hard work and our patience in seeing Sarissa resources start to mature into the impressive company we all believe it to be!
I would agree with this.
It's been proven time and time again (see: mini "spikes" over the last few months) that when even one or two buyers want in with any sort of quantity and are willing to pay the "asking" price, the stock moves VERY easily.
But like dmbao said, there just isn't a whole lot of that lately. Certainly nothing sustained. So, many people are content to wait and accumulate bits and pieces at the bid. Also helps to explain the low volume, b/c there are not a whole lot of shares available at the bid...but there obviously are some.
This will likely be our pattern until we generate some positive momentum (as we have in the Spring/Summer of each of the last two years) in anticipation of a major news event...
Or...following a major "surprise" news event that no one was expecting. This, of course, would be something above and beyond our typical assay results from either Nemegosenda or Shining Tree.
I'll continue to happily hold and add as funds enable me to do so. I would encourage everyone to do the same if they still believe that Keevil can execute his plan and provide us with a ROI that would be difficult to match if invested in a big board stock.
Best of luck all.
I wouldn't say it's "pointless". You seem to think we'll continue to drift lower and lower (your words).
So why not sell and take a minimal profit and learn from your mistake of not taking profits on the previous run up? It's a tough pill to swallow, sure...but at least you won't be in the red.
Or do you still have faith that we are undervalued here? That would be the only reason you would continue to hold, correct? Not to punish yourself for a missed opportunity, but the firm belief that the opportunity will present itself once again...Am I right?
Best of luck whatever you decide to do. I hope you stay in and make some money with the rest of us. But if you decide to sell, I wish you luck in your other trades.
I suppose if you have a problem with folks contending that 4 cents/share is not indicative of our company's actual value...
...you've got two choices then:
1. Sell for a modest gain (based on your purchase price from Jan/09)
2. Review the DD that has been done here and renew your faith in the positive prospects of this company going forward.
Not much else to be said.