by the way......the positions that i do have in this company are
longer term holds......This along with XRA I believe will be taken
out within the next year or so.
I personally think gold stocks are going to take a fall and im
long GDX put options in a big way.
Posted by frtaylor on 17th of Sep 2010 at 02:11 pm
rank10, what would you consider a valid b/o point? To me, new to
technical trading, if you extend that downtrend resistance line it
appears it has already pierced it, no?
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THM is close to breaking....eom
Posted by rank10 on 17th of Sep 2010 at 01:46 pm
chart
when trading the gold stocks
Posted by rank10 on 17th of Sep 2010 at 02:33 pm
when trading the gold stocks i dont like to buy breakouts, i usually buy retracements
I bought THM down at support around 5.95. I just like to use the BO as confirmation of the direction of the trend
if you are not already long then you could buy a half position here and then another half above the 6.50 level.......or wait for a retracement to buy
woops meant to put that
Posted by rank10 on 17th of Sep 2010 at 02:36 pm
woops meant to put that under frtaylors post
by the way......the positions that i do have in this company are longer term holds......This along with XRA I believe will be taken out within the next year or so.
I personally think gold stocks are going to take a fall and im long GDX put options in a big way.
rank10, what would you consider
Posted by frtaylor on 17th of Sep 2010 at 02:11 pm
rank10, what would you consider a valid b/o point? To me, new to technical trading, if you extend that downtrend resistance line it appears it has already pierced it, no?