We sold this for a massive profit less than a week ago with it rising about 6-fold from where we bought it about a month earlier. We sold it on technical grounds and it is interesting to observe that there is no news to account for it cratering after we sold. The reason for this update is that it has fallen so far so fast, from about $0.32 where we sold to a price of $0.136 at the time of the earlier email alert, that the pendulum is now believed to have swung too far in the opposite direction so that it is viewed as a speculative buy again here and while it would be a stretch to expect a repeat of the earlier big move, we should at least see a tradable bounce, which is made likely by the price having arrived back in a zone of strong support with trading volume dying back to a more modest level today, suggesting that those panicking out are about done. The following charts are for 11.40 am this morning, not long before the email alert was sent out…
CleanTech Vanadium is therefore viewed as a speculative buy here again but only in modest size for two reasons – one is that stocks often fall further than you expect, even if you know what you are doing or think you do and another is that there is growing risk of a pan selloff across markets. If it should bounce back as expected it probably won’t get higher than about $0.22 so be ready to grab a quick profit if it should run up to this level.
CleanTech Vanadium website
CleanTech Vanadium Mining Corp., CTVFF on OTC, CTV.V, trading at $0.143, C$0.195 at 2.10 pm EDT on 20th October 25.
Posted at 2.05 pm EDT on 20th October 25.