Sarissa Resources Inc (SRSR)

[jimHorse]

After we spiked from 0.015 to 0.0285 (+90%) over 6 days on high volume, we had a 5-day low-volume consolidation period before we spiked again on high volume from 0.0265 to 0.04 (+51%) over 2 days. I wouldn't be surprised if we see a normal, healthy, 4-5 day low-volume consolidation period before the next high-volume spike to new highs.

And if you are hoping to buy the dips during the consolidation period this time, the largest dip during the last period (not counting that ridiculous trade that went through right at the open at 0.015) was -23%, a nearly perfect fibonacci retracement. With the new high at 0.04, a 23% retracement this time would correspond to about 0.031. So far 0.035 has held, but I wouldn't consider a break below 0.035 in the next day or two to be anything unusual or harmful to the uptrend we have in place. All IMHO.