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HUI is in a small descending range. However, it's still getting support from its EMA(7), so this miht just be a "pause that refreshes". Nothing in the broader market looks scary this minute. Look for HUI to stay above, say, 555.
GLDX and GDXJ look toppy and about to fail support, however. GDX looks good. So it's still the senior miners who are leading here. And they're not doing particularly well by my estimation. So I've got a lot of cash and intend to round up a bit more unless $HUI goes above 580. Anything less than that will look toppy with a lower high.
BTW... some newsletter writer's followers went and bid up Regulus to $1.60 today. I don't know why they can't just put in a limit buy order. They're literally giving away 20-30%. I have always waited 2 weeks after a reccy, and have gotten a price equal to what it was before the reccy came out.
I'm not saying pinch your pennies. But I am saying it's fucking idiotic to bid up a zero-liquidity stock, that far, on a Monday morning.
1) Agreed. And i'm tired and bored with telling people the same thing and being ignored every single time.
ReplyDelete2) But on this occasion 20c either way isn't such a biggie. The target is longer term and will be much higher, so in 2 years nobody's going to care much if the entry point was 1.30 or 1.60.
Unless they don't have the fortitude to hold their positions a potential 50% drawdown if Europe crashes.
ReplyDeleteEurope? Who cares? Party on Garth
ReplyDeleteThe other side of this is on the sell recommendation, when everyone rushes for the door. You can usually buy some real cheap, and sell back at the price it was trading when the sell cry went out.
ReplyDelete