Wits Basin Precious Minerals (fka WITM)

[YankeeAce]

Welcome aboard grevantime. We appear to be consolidating at this level. I'm waiting to put some profits back in at this point. I'm a bit worried by the fact that we doubled our market cap in less then two months time. While I thought it was undervalued back then, I'm just not satisfied that we should be trading at this level yet. When gold hit $730ish I was confident but with the current downtrend in price I thought we would see a similar retrace by WITM. I still think based on the 6 month chart that we should see a return to the lower bollinger band. Of course I run the risk of missing the tremendous run, but I am ok with my profits to this point. Good luck in your trading.