In a subscriber email update, we discussed HUI rally parameters we have been managing since Monday (really, since last weekend's newsletter). Well, they are broken. So we revert to our previous downside support targets.
I mentioned the possibility of selling two stocks that have been very profitable on the short term. I sold out the first after being clued in by a subscriber that it is likely pumping up due to a recommendation by a noted well... pumper. I took profit on a 1/2 position of the other and am now looking forward to opportunity after getting a rare taste (lately) of profit taking.
Remember this all about keeping in position to feel and be strong for the time when opportunity presents itself. Go look at that BGMI chart I posted yesterday. Go pull a chart of HUI and correlate the two. Go think about opportunity if you are a patient and risk managed gold stock player.
It always has felt weird having to talk like this at times like this. Just as it feels weird to sound like an overly cautious lump on a log when things are skying with momentum. But weird is what contrary traders and investors must be by definition. So I am proudly (and weirdly) bullish now no matter what HUI, GDM, BGMI and the rest of the pack do in the short term.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I mentioned the possibility of selling two stocks that have been very profitable on the short term. I sold out the first after being clued in by a subscriber that it is likely pumping up due to a recommendation by a noted well... pumper. I took profit on a 1/2 position of the other and am now looking forward to opportunity after getting a rare taste (lately) of profit taking.
Remember this all about keeping in position to feel and be strong for the time when opportunity presents itself. Go look at that BGMI chart I posted yesterday. Go pull a chart of HUI and correlate the two. Go think about opportunity if you are a patient and risk managed gold stock player.
It always has felt weird having to talk like this at times like this. Just as it feels weird to sound like an overly cautious lump on a log when things are skying with momentum. But weird is what contrary traders and investors must be by definition. So I am proudly (and weirdly) bullish now no matter what HUI, GDM, BGMI and the rest of the pack do in the short term.
http://www.biiwii.blogspot.com
http://www.biiwii.com
No comments:
Post a Comment