Just go this email..............
From Market Digest Online:
EXPLOR RESOURCES: (EXSFF) $.185 & (EXS.V) C$.18.... For the last 12 to 18 months, MDO has been negative on Explor Resources. The stock had been sold into oblivion. Up until recently, on every positive assay release, sellers were waiting in the wings to unload stock. Rumors were abundant about a few who sold on insider information. Whatever the reasons for selling, those who were hell bent on destruction seem to be out of the way now. For the last eighteen months, Explor has been unable to close above its 200-Day Moving Average. Not until recently did the stock close above its 50-Day Moving Average. Technically speaking, the close above its 50-DMA is the first bullish development we've had to talk about in well over a year.
Explor is now approaching its 200-Day Moving Average at $.228. The stock seems to have a different feel about it now, so I'm going to stick my neck out on the limb and re-initiate a buy rating on Explor Resources. In anticipation of a close above its 200-DMA, we are initiating a near-term price objective of $1.00. Up 81% from its recent 52-week low, I'm banking on the mojo coming back to Explor with more drill results and a new 43-101 in the wings.
With disgruntled shareholders out of the way, the remaining long-term shareholders are in to stay. Most shareholders who have been in this stock for the last three or four years probably are in at average prices between the mid-.50's and the mid-.60's. As long as the volume continues, there should be very little resistance until we get back to the high-.50's to low-.60's.
TOMEXS
AI
