Thus far on the day, I booked gains in CLF and LITB, while booking losses in SHLD and CHCI.
No other moves yet, but will post them in the chat here today.
Stay frosty.
OA
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Joined Aug 2, 2009
1,847 Blog Posts
Ready for VMW here. Saw a similar consolidation before its dip in June. Hopefully its fate will not be the same.
Thoughts on RKUS?
Accepting higher prices.
OA – where do you think GDX is in terms of that sentiment chart you refer to? Still in the discouragement phase or aversion?
Man, there are still a ton of Gold bugs out here. I want to buy Gold after all the places that tell me they want to buy my gold shut down. When these mining stocks realize its not as profitable as it used to be and consolidate. Long term charts doesn’t help on this matter.
I’ve got nothing good here to offer man, sorry. I will buy GLD @ $90.
thanks bro
You liking the miners here? I’m having a tough time on the trigger. I bought USLV once several weeks ago, and was lucky to leave with a profit.
they look terrible but that doesn’t seem to stop you at times from playing such things …. was just wondering where in that sentiment cycle you placed them
I don’t see them at an obvious stage yet, which is part of the problem.
When some of these suckers go bely up, I think we hit panic.
Too much temptation ; I’m heading for the golf course .
10 handles on the S&P is no big deal and probably profit taking , but they’ll be ringing the bell tomorrow at 9:30 and I can wait to see if they are going for a real pull back.
I’m watching FSLR move, sweating and waiting earning reaction AH. I sold 2/3, so with 1/3 left I am ready buy down if it gets earning shock. Any stop lose set ?
Getting out prior to earnings? Why trade this one?
I still have 1/3 and will hold. I just reduced the portion because it became my 30% of asset. So no stop loss set for you this one?