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GBG final target hit

actually, GBG hit the final target (.50) last week and bounced off it several days in a row, offering multiple exits.  therefore, although i still think this one could go much lower over time, i just don't think the R/R warrants tying up any capital and think that i makes sense to take the approx. 25% gain and run (gain computed from the 2 posted entry prices, original and re-test).  didn't catch this last week as i had already closed all my gold shorts and just now found it under the active trades category as i'm updating the trade ideas today.  [...]

2012-09-23T18:16:19+00:00May 22, 2012 12:52pm|Categories: Completed Trades - Short, Gold & Commodities|Tags: |Comments Off on GBG final target hit

GBG update

GBG was first posted back on april 5th as breaking critical support on the weekly chart.  it was again posted on may 4th as an objective short entry as it pushed back up to resistance.  i also covered it recent in the video trade idea update last week but i hadn't added any targets until now.  being that essentially there is not any support below the stock, you can just pick a number for a target.  however, as i rule i try to exit penny stocks as quick as possible, especially on the short side so with this one already at [...]

2012-09-23T18:16:55+00:00May 15, 2012 4:51pm|Categories: Completed Trades - Short, Gold & Commodities|Tags: |Comments Off on GBG update

Trade Ideas Video

For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE:  PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES.  THEREFORE, IF YOU CAME HERE VIA CLICKING ON A SYMBOL IN THE ACTIVE TRADES CATEGORY, PLEASE GO TO THE RIGHT OF THE PAGE AND CHOOSE THAT PARTICULAR SYMBOL FROM THE "POSTS BY SYMBOL" DROP-DOWN BOX TO SEE IF ANY UPDATED POSTS HAVE BEEN MADE ON THAT TRADE.  I EXPECT TO HAVE THIS [...]

2017-03-08T21:22:33+00:00May 8, 2012 12:42am|Categories: Completed Swing Trades, Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , , , , , , |Comments Off on Trade Ideas Video

GBG update

second chart above is the updated GBG daily chart showing the break below support and subsequent re-test while the first chart is the original weekly chart.  until/unless GBG can make a sustained move back up above that level, this is a very bearish break-down from a technical perspective as per my original notes on the trade. targets TBD but consider stops not too far above that resistance zone, preferably on a closing basis. remember, you can always view previous posts & charts on a trade by either clicking on the blue symbol at the bottom of the post or [...]

2012-09-23T18:17:35+00:00May 4, 2012 9:07am|Categories: Completed Trades - Short, Gold & Commodities|Tags: |Comments Off on GBG update

GBG weekly

this is the first of several components of GDX that are sitting at, slightly above, or in some cases, like GBG here, just below very critical support.  as most of you already know, i am a big fan of the volume at price histogram.  volume at price gives a nice visual on the amount of volume for a particular price range.  what jumps out at me right now is how many of these gold stocks sit right at the bottom of the range where almost all of the trades in these shares have taken place in the last several years.  more [...]

2017-03-08T21:22:39+00:00Apr 5, 2012 12:50am|Categories: Gold & Commodities|Tags: |Comments Off on GBG weekly