Replies to post #24021 on Elray Resources Inc (ELRA)

[1990Flstf]

I'm still GTC at .082

[THREE-DAY-TRADER]

I NEVER said ELRA couldn't drop more yet toward lower .01. I've been saying that .01+ is the multi-month support that needs to hold & that we've not yet established a bottom ever since it broke below .015. I've been saying last couple weeks it is in area for good possible buying opportunity, and that we could later see .04+ or more, but in the interim recently it is not looking good.
*****So please do not mis-characterize my posts.
*****I've been saying since day one that we could see more negative volatility down toward .01 yet until ELRA gets news or trade action that establishes better support

[Garyst]

anon, the opposite usually happens. We will get to a point here at some level and most likely shortly where the bottom will be in and then volume typically comes in and the rise begins. No doubt, many are watching it right now but are waiting for that level (whatever it is) for it to touch. You'll know when that happens as volume/buying will increase decently at the time.