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Edited by souelle6, 07 April 2010 - 01:28 PM.
Bought KGC CALLS better play than GLD
Started by
souelle6
, Apr 07 2010 01:27 PM
2 replies to this topic
#1
souelle6
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Posted 07 April 2010 - 01:27 PM
After toying with the downside for a while... Kinross Gold Corp seems to have sufficiently bottomed out and started what appears to be a strong up trend... I bought it through what I identified as a pivot of 18.20... USD looking like a spike this morning could have been the end of it next to everything but the Euro... Waiting here... Will sell out if it breaks back down to around the 18.10 area or else I'm holding and looking for a nice leg up...
Liking the Gold technicals too but it looks as if KGC has been quite seriously oversold next to the metal... I'm looking for it to play some serious catch up here and if I get lucky overshoot to the upside... But that's a trade for the may contracts
Was filled at average of about .60
souelle
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#2
souelle6
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Posted 07 April 2010 - 02:09 PM
I'm finding the movement in currencies today to be pretty bizarre ...I'm tightening my stop a bit here
Edited by souelle6, 07 April 2010 - 02:16 PM.
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#3
crew123
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Posted 07 April 2010 - 09:41 PM
I'm finding the movement in currencies today to be pretty bizarre ...I'm tightening my stop a bit here
Nice analysis souelle! You the man!
