Pretivm Resources Inc. (PVG)

[123tom]

I bought some today at 7

... not alot.
(not sure where the precise bottom will be but I'm looking at a target zone (6.80-7.05) last time last year it was 6.82. 7 dollars looks ok,I suppose. 6.90. etc.and earlier in 2016,at 7 dollars bottom, they both bounced first to the 8.75-9.00 area,before they soared to 12.40/12.50
I don't suppose we will see a repeat of the soaring rally back to 12.50. but at least we should see it retest 9 dollars.


Resistance zones for a bounce look like 8.00/8.50/8.60 area 8.80 9.00 9.40 area on the fib chart. Not sure it will much past 10 in this cycle, but you never know. The highest fib (62%) is around 10.00

Imagine this collapse , from 11.90 to 6.90. what a game.

I suppose,logic says the payback will be when we see the next GREAT drill result. That should "fix the problem"