Alexco Resource Corp (AXU)

[timberwolf7]

I am out of AXU totally now...

reason: the PM sector 'bubble' is in trouble, the downtrend that started in early Aug has a grip on the miners, PM prices... yes they are making an attempt now and then to resurrect themselves, but they have failed a few times now since the slide commenced.

And at the moment, I do have a lot of miner charts showing that a 3 day 'pause' is underway... Reading that to imply, they are looking for direction..

and I got out of AXU altogether because of something I live by.. That a company has a fleeting moment in which to make a 'move'... And if AXU had only been fortunate to get their damn permit last spring when the PM sector took off seriously, I could easily see them at $7.5 plus on the news they were commencing mining. Now even if they commence mining, if the sector is under pressure, the miners sliding, will enough care to even push it over $4 on the news??

But at the same time, after digesting this latest news, I am looking for a potential 'play' on the ramp up... heck, a buy at $2.50 or less with a move to just $3.50 would be a nice gain...