lowtrade

[lowtrade]

ANV

Yea the back story has straightened itself out some, with the SEC going after 1 man and 2 months of shareholder suit news. The news it's main producing mine is back online is pushing price. Add the credit line increased. Plus it is still a takeover candidate and the 35% shorts are in trouble. IMO

New short report due out the 24th and with an average daily volume of 2.5 mil. The recent volume pops to 5 mil (ave) and price increases, aren't clearing out the shorts very fast yet. 13 days + worth @ 34 mil short.

This is a fight I think the shorts will eventually lose. And with the single bottom bounce chart, IMO it's worth trading in & out on it's way up.

As I said before. If 4 bucks is hit, 4.50 is pretty much a given and if 4.50 breaks after a stall. I see 6.50 top resistance very possible. With the gaps above and slow short cover. To support price climb.


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Ps; don't like todays gap open. But 3.50 stall exit point way textbook. 3.75 to 4.50 in play.