start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter

7/15/08

Fortuna Silver FVI.v: What are friends for, anyway?

Gary from biiwii.com saw my musings on Fortuna Silver (FVI.v) this morning and went to investigate the chart. What he saw pleased him so much that (to quote the mythical Victor Kiam) he bought the company. He sent me the fruits of his labour along with permission to post it here, so here it is. We got a falling wedge and a strong support level converging right now. No further comments necessary.

(click to enlarge)

This is also a good time to remind readers that as well as his free to read blog there's also Gary's 'TA On Demand' service, where for a very small fee you can get him to run his smart ruler over the stock or asset class of your choice. Well worth checking out the details of this service found on this link right here.

So with Gary seal of approval, I've bitten a few Fortuna right here (but I've left myself plenty of room to buy more on a panic sell moment). I remind you that both Gary and I have bought at this level, we already hold FVI from previous purchases, we both consider this an excellent long term prospect and you have to make your own decisions about what to do with your own money, so DYODD, dude.