Ready to catch a falling knife ? Dont get your hands bloody on this one ! The Elephant has a decent amount of silver reserves in the ground . Although they will probably never develop them i see them as a takeover target . Long the pakaderm .
I'm wondering if SILEF has finally formed a bottoming pattern (which I coin the "elephant feet pattern") by marking an uptrend with a +$0.01 higher low. The previous cascade downward was caused by either a stock consolidation and split... one or the other. March 4th's $0.99 could be the bottom for now. Zooming out a few years, previous bottoms were $0.98 & $0.96....
This penny stock has some very important traits showing in this chart pattern-
The volume has increased and before the stock released news.
The news release states the company will spin off 3 subsidiaries to SILEF shareholders.
This chart demonstrates the insiders stock ownership just prior tot he release.
We must conclude that the spinoff are worth a...
The small miner with control of huge silver property and Vanadium mines is seeing some very interesting trading. The stock has been in a narrow range a long time and news has continued to be bullish. I see a chart pattern that says this stock is range bound. Over the last months the stock has been under accumulation by well financed buyers. I suspect that...
I follow big money mining insiders who buy large blocks of companies. Eric Sprout bought into this Silver mine in Bolivia. They have found lots of silver on the property but are still in negotiations with the government for the rights to mine the property. So there is risk but again that is why I follow the Eric Sprout. The chart is obviously bullish. The...
