[youtube:http://www.youtube.com/watch?v=QjA5faZF1A8 450 300] [youtube:http://www.youtube.com/watch?v=QjA5faZF1A8 450 300]
(C’mon, you didn’t think I’d let the Koreans have the last word, did you?)
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Two things I want to show tonight. The first reflects the cumulative power of standing fast in your convictions. Who knew ENTR would be such a hit? Well, the Fly did almost $4.50 ago… but maybe we didn’t give it enough attention, and looked away too soon?
I wasn’t one of those, mind you, but that’s because I really enjoyed the thesis of holding on to quality stocks that show a tinge of “venture capital” action — that is — the big game hunt. I am an Elephant Hunter, not in the sense of Glenn Greenwald or the New York Times going after the GOP, but in the sense of seeking large wins that I will stalk for many months before making my move. ENTR is one of those, and as you can see, it’s today, after much weeping and gnashing, almost three times higher (200+%) than when the Fly was recc’ing it originally at below $2.25. Note the chart I put together many moons ago, and where we are now–
The power of patience is an awesome one to yield. As Jesse said… sometimes it’s best to just sit on one’s hands…
Which brings me to our next guest, the vaunted “triple top” formation of doom seemingly forming in the sainted gold bug index — $HUI. Is this the end, or does it just warrant more patience?
You already know my answer to that question….
Best to you all, PM friends.
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Jake,
Think you might have the same chart up twice. I guess you can blame Steve Jobs and macbooks.
Thanks for your work. I enjoy following and trying to make sense of it all. FRG took a bit of a hit lately. Still a fan of it?
Whattayoose tawkin’ abouuuud?
I never post the same chart twice. Or mess up the youtube post either. 😉
Still think FRG will be okay, thought the chart has taken a beatin’.
That’s why we diversify these suckers.
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I’m partial to this kids Canon rendition http://www.youtube.com/watch?v=ggUrTEcllXM
A 3 point touch of resistance/support can yield to the most powerful of breaks according to Jeff Cooper; ‘the angular rule of 4 breakout’.
HUI & XAU may indeud be setting up for such a move. Don’t get shaken off the bull at this stage of the advance. 8)
Possible BIG move coming…, soon. 😉
Jake – Must you continually remind me of my early sell in ENTR? I bought at $2.95 on 9/14/2009 and sold at $3.96 3/8/2010. Uggh! Oh yeah, I sold EGO and NGD early too. 😉
BTW, I need to add to my PM positions. Did you ever think about putting a list of Best PM picks in the PPT? Anyways, thanks for the all of the work.
Kick-ass American 4th-of-July-worthy Canon in D!
It’s not Johann’s fault he kicked it 70 years before the signing of the Declaration of Independence.
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Pachebel
You lost an “l.”
It’s PacheLbel, … and his first name was “Johann.”
Thanks to Fly’s time machine, we are on a first name basis.
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So solly, that dude is Korean too.
LOL. It’s Mr. Limm!
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