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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Fly Buy: EXK (Silver is Bouncing)

Dr. Fly Mon Jun 25, 2012 12:22pm EST 6 Comments

One of my favorite plays is to get long precious metals into the teeth of a sell off, then flip it when reflation hits. Well, The PPT was flagging OS on EXK this morning, so I stepped in. Also, it’s worth noting, ZSL was flagged OB on Friday, one of my favorite signals in the historical algorithms.

Overbought stats for ZSL

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6 comments

  1. Verona Gentleman
    Verona Gentleman
    June 25, 2012 at 12:32 pm

    I’m in–one of the most reliable OS trades on the PPT

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  2. mhass33
    mhass33
    June 25, 2012 at 12:41 pm

    How long do you intend to hold a position like that

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  3. Mike
    Mike
    June 25, 2012 at 12:45 pm

    AG??

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  4. surplusdroids
    surplusdroids
    June 25, 2012 at 12:46 pm

    In as well. Thank you sir.

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  5. republikat
    republikat
    June 25, 2012 at 2:48 pm

    Gnarly price spike around 11:45; Hook out for some faux dip toward close.

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