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It’s not been a bad ride for ANV since we last talked about it, has it? Well, all good things must come to an end… or at least a temporary pause, no?
And I expect that’s what we’ll be coming up on in ANV as early as tomorrow. I won’t be selling any of my Smaug-horde, but I may very likely sell the calls in the high $21 dollar range. If you got on board when I alerted you to the 200-day touch you’re up over 35% right now, and I should think that’s not a bad ride for less than a month.
You can see we’re approaching some pretty serious oversold levels here in this recent chart:
I will likely do the same for SLW, EGO and IAG as well, and I will reduce my AGQ levels too. Some of my smaller positions, like FRG (also a huge winner today) and RBY may get trimmed as well, but most I will just leave to gestate further in the womb of this great gold bull, which I think will resume soon after this pull-back.
BAA — the chronic underperformer, comes to mind as a something about which Mother Mary whispered right in front of me, “Let it Be, son, Let it Be.”
Or maybe that was the Raven quothing “Nevermoooooaah!”
Whatever. If you really have the hankerin’ to buy something tomorrow, why not try that perennial Fly favourite and crusher of all things Broadcom — ENTR? Note, you may recall (and certainly the fine gentlemen and ladies of The PPT know this) that I added to my pile on this the other day at the retest of the original breakout?
Not that there’s anything to all that crazy chart-chompin’ stuff.
Best to you all.
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