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Thanks, Steve.

GRO

Posted by RichieD on 16th of Jul 2013 at 03:19 pm

I'm aware of the low daily trading volume on GRO.  Thought you and Matt had it on your trade ideas list a while back, but I may be mistaken: it may have caught my eye while perusing low priced stocks through another source.  I take it you don't feel patterns are as reliable when the underlying stock is thinly traded.  Or perhaps they just tend to be riskier.  GRO definitely has formed an a-typical pattern.

GRO

Posted by RichieD on 16th of Jul 2013 at 10:48 am

Been trading sideways in an incredibly tight range after a huge move up in March.  Any thoughts which way it breaks and when?

Bull Market, Really?

Posted by RichieD on 12th of Jun 2013 at 04:56 pm

Demand for physical gold is frenzied....

Posted by RichieD on 18th of Apr 2013 at 08:50 am

This may sound a bit naive, but if the two stories below are true, why has the price of gold tumbled so hard?  Does the paper market really dominate the physical market?   

Please don't tell me too many weak hands owned it or that it was over-subscribed.  Nothing can be further from the truth.  I can count on one hand the number of people I know who EVER bought into the idea of owning precious metals...and I suspect most everyone on this website can say much the same.  And, the few people I do know who owned gold have sold none. ..and I suspect that much the same elsewhere.

Is it simply a rigged game?    

http://www.zerohedge.com/news/2013-04-17/gold-buying-frenzy-continues-china-japan-and-australia-scramble-physical 


"What if the Fed is Short Germany's Gold?"

Posted by RichieD on 29th of Jan 2013 at 06:03 pm

This would be a real game changer for precious metals if the article is true.  What happens if the Fed can't deliver (see 2nd half of the article)?

Thanks Steve and Roger...

"Haven't got time for the pain"

Posted by RichieD on 24th of Jan 2013 at 06:55 pm

The lesson is a simple one: If you trade off the charts, stick to the technicals and forget the fundamentals.  No exceptions.

Title: CTIC and the right

Posted by RichieD on 24th of Jan 2013 at 03:59 pm
Title: CTIC and the right stop

"Haven't got time for the pain"

Posted by RichieD on 24th of Jan 2013 at 02:56 pm

When Carly Simon sang those words a number of years ago, did she know something those of us invested in gold mining shares don't?  Painful run without doubt!! 

How can we be so right assessing the world financial situation yet be proven so wrong investing in these equities?  Price of gold goes up, miners lag.  Price of gold drops precipitously, gold shares are hit disproportionately.  Frustrating to no end.

I'm not understanding the non-confirmation - all three indicators below the price chart seem to be heading lower from the move down from the $600 level.  Are you saying there's non-confirmation of today's move higher or the last month's move lower?

thanks.

Back in PPHM at 2.10

Posted by RichieD on 16th of Jan 2013 at 01:55 pm

Beautiful flagging pattern on lighter volume just above the 8 EMA (daily chart).  Placing my stop just below 8 EMA at $2.02.

Sorry, I'm still a novice on posting the chart.  Worth a look though.

PPHM: setting up for another push higher?

Posted by RichieD on 15th of Jan 2013 at 04:14 pm

Looks like a flag pattern on low volume after monster move up.

Out of Halo at $8.31

Posted by RichieD on 14th of Jan 2013 at 04:08 pm

Stock felt extended and I didn't want to hold it overnight.  Great move, though.  Thanks Steve and Matt.

Thanks Steve. The horseplayer in me...

HALO Update

Posted by RichieD on 14th of Jan 2013 at 01:39 pm

likes to be all in or all out.  Have now moved the stop up to $8.15.

Steve, I took this one inside the pennant

HALO Update

Posted by RichieD on 14th of Jan 2013 at 12:58 pm

at $6.96 alittle over a week ago.  Looks like we are nearing horizontal resistance at $8.65.  Have moved my stops up twice today; currently placed at $7.98.  Any thoughts?

But thanks for the suggestion.

Question about buying a stock in a consolidation pattern

Posted by RichieD on 10th of Jan 2013 at 06:39 am

There are times I'm willing to buy a stock EITHER on a pullback to support (say, the moving averages) OR upon a breakout.  Not always in a position to be monitoring my screen.  I know how to set up a conditional buy order to make the purchase one way or the other.  

My question is: Would it be "wise" or "otherwise" to put the conditional trade on both ways to insure I buy the stock if either of those scenarios materialize?  Have two accounts, so I can set up the conditional buy for either way (not sure I can do both under the same account).

Understand that in theory, if I'm not monitoring the action, I could end up with twice the stock (first price dips to support, then it breaks out), but are there other pitfalls to occasionally making this move?? 

Took the trade this morning at $6.97.

HALO Update

Posted by RichieD on 9th of Jan 2013 at 03:09 pm

In your opinion, does it bust through the 200 or get repelled?  Looking to move my stop up from break even.  Thanks.

Moved my stop up to $1.78

PPHM - 40% gap up

Posted by RichieD on 7th of Jan 2013 at 09:48 am

Probably will be taken out of my position any minute.

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