Sold ELO.v

I have exited my position in Eloro Resources (ELO.v) for the following reasons: first of all, the share price has surged over 50% in the past two weeks and has caused the technical indicators to turn bearish, and second of all it is entirely possible that the share price has been purposely inflated in order to close the recent financing that was done at $0.80. That being said, insiders keep buying at these levels, and preliminary results from drilling at the Hurdman property will start to come out in the next few weeks. I am hoping the stock will rebound off its old trend line and present us with a new entry point between $0.65 and $0.70.

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Please do your own due diligence, these are not recommendations.