Goldfield Corp (GV)

[JohnCM]

2.79 LOD

[deadjim]

I'm mobile.. Just got a 2.94 alert

[JohnCM]

This baby will pop any moment ...

[JohnCM]

Can't wait to see a confirmed reversal ...

[deadjim]

liking the closes.. just needs a push and i'll play. top radar til e/r

[deadjim]

We'll see. Close that weekly green and ill get bullish on it next week. Not sure what people are thinking as far as earnings potential in May. Any clue?

[JohnCM]

Looks like all the blood has been sucked out of this stock ...?

[deadjim]

So looking back at 1995 this thing pretty much stayed around .40c or Years and years. It's an interesting one for sure. I suppose it takes some digging which I haven't done on this one to see what the run was all about

I like it as a trade over 3 with risk under support from last 5 days

[deadjim]

Yep. I'm just bearish on it all. Oil, metals, commodities, equities..
Knew the gold bugs were going to get slammed, called dollar rally, even played some calls in UUP to put money where mouth is. Funny how many people just could not see how it's possible for the dollar to rally.
Til I get some love I'm just day trading.. Which isn't alway ideal depending on market

[JohnCM]

"There is always a bull market somewhere". Bottom fishing, beaten down stocks? I like BRD for example. But GOLD is shakey.

I might check my stock screener again. 0.05 - 0.50 within 10 percent of 52 week high.

[JohnCM]

JIM ... money has to flow somewhere. Many believe DOW is fair valued and thus can run higher. Maybe GOLD has a chance after getting shellacked.

[deadjim]

But obviously any market still gives off opportunity. even this GV.. Beauty off a quarter. I just don't feel like the overall market is saying to buy as aggressively as I once was. But it's really up to the trader and what they're comfortable with

[deadjim]

I agree growth is slowing.. I've been planning for a market collapse for a few years now. Had a few good shorts, but gotta make sure you time it and know when wrong. If long is what you do, just wait for the real bloodshed and pick the meat off the bones.

I was just looking at some of my old longs like CAR. Can't believe I had it under a buck an around a 1.30.
I think we get one more situation similar to 2008... Before the real bull market key begins.

[JohnCM]

Looks like I am hedging more now than a couple days ago.

A little bit short DOW and long oil.

My position in PM's is perhaps a bit heavy ...

GLD
SLV
NUGT
NG

If I am that uncertain, I could always go conservative ...

Where is the next opportunity?

World economy growth is suspect. I guess I could do something new
and go "short". My mentality has always been "long".

[deadjim]

yeah, it's trying to bottom. til it gets a price rip and trend, hard to make a call. all other time frames are ugly as sin.. monthly - for example, until that settles out this could be a big dropper. looks like a top there.. i'm being careful with it.. but daily and intraday both look decent enough to keep it close.
i'll give it that, on the monthly/weekly time frame going back 30 years, huge breakout... so i suppose if it's going to continue this would be at or around the low.
i tend to just hate most stocks at the moment.

[JohnCM]

Still looking for the bottom ...

[JohnCM]

Notice if you sold after each peak over RSI(14)70

The tricky part is where do you buy back in?

10 percent off the high? 5 percent?

[JohnCM]

Serious correction after a nice quarter ...

[deadjim]

Well, I considered taking some back at 3 (little above where I tossed).. but just ignoring here. as long as trend holds, could be back in play.. Really needs to trade up in that 3.20 and bust through over some days. It's what I've been waiting for and trading around but never got.
Over 3.35, market buys probably pop it.. then play off dips.. etc.

[JohnCM]

I understand.

It is almost like there was a dream, everyone woke up to a nice quarterly report, and moved on.

[deadjim]

not sure. i don't like holding through pulls..i'm out at a loss

[JohnCM]

Double down $2.50??

Or is this stock dust?

[deadjim]

Might get as low as 2.50-2.20.. But no telling at the moment. Weekly sure is ugly

[JohnCM]

Thoughts?

[JohnCM]

[JohnCM]

Consolidation ...

[JohnCM]

Appears a foundation is being laid right here.

[JohnCM]

Talk about sell on the news. Momentum plays were heavily involved.

[deadjim]

60min starting to show, but nothing spectacular yet.. vol still light, needs more consolidation, or a rip, to confirm.

[deadjim]

yes, have some from a.m, took a few off for .20c. flipped it a few times, just waiting for bottom

[JohnCM]

Looks like a buy right here ...

[deadjim]

GV News: Goldfield Posts Record 2012 Results

Obviously that news got sold into. Next quarter too long of a catalyst.. probably anticipates next quarter a month ahead.. but lottsa support between here and 2.70/2.50

[deadjim]

Geoinvesting, the guys who brought down several china fakes, is bullish this stock. But price matters not them. Just a reason to find a trade

[JohnCM]

looking better here ...

[JohnCM]

Coming in for a landing. RSI(14)34.74 all the way from 70.

[JohnCM]

Bought in at $3.60 recently.

[pfc0789]

seems to have bottomed for now, picked up a position down here below 3.20

[zoneup]

Writer in article used NOT getting a contract on Odessa to Bakersfield line, seen as a major negative. Bad part of that was, they are already under contract on the other line, so that wasnt even feasible considering that project started Dec 12, and GV current contract on its line doesnt expect to end till July/Aug. STEC wasnt allowed to give it to them nor was it even considered. Need to know the CREZ guidelines! LOL But they used it as a bash. Oh well, presents opportunity. I wouldnt expect that next contract coming from STEC, maybe though, but sure wouldnt be suprised if not one from the LCRA... seeing that they are now officing in the same Texas town. They didnt set up shop for one contract. All this wind energy lines is major multi year plans. So, they never got a contract they couldnt put in for. LOL, kills me, but thanks for the opportunity! They are now in bed with all these Contractors, not just STEC. Matter of time. JMO

[zoneup]

GV getting cheap.

Watching GV close. Stock been manipulated by Seeking Alpha articles which btw anybody can write, ANYBODY! The writers were short the stock and articles were written with their interest in thought. They were written on ifs, ands and buts, nothing factual. Simply to provide fear after they went short. They make forward what if statements which is looney.... they will be buyers soon.

GV has many positive things going for it. Business continues to grow and they have recovered nicely since the 2007-8 crunch. Stock is now trading at a ridiculous PE of 6.5 . Along with the markets is helping the beat down. Btw, Texas is booming, did I say booming? Make your own choices, but I cant pound the table enough how this is soon to be one heck of a buy. JMO

[JohnCM]

Need to come in for a soft landing ...

[JohnCM]

Strong company. We will build a new base.

[JohnCM]

Bought at $3.60

[JohnCM]

Buy?

[Dknz13]

I've been in since July, this has been a good opportunity to take profit and re-invest.

[Rawnoc]

Out all. Not taking any chances with a Geoinvesting article probably looming.

[Rawnoc]

Both.

[researcher59]

Congrats, taking profits or holding ?

[Rawnoc]

GV puts now officially a multi-bagger.

[JohnCM]

Correct.

[Rawnoc]

I agree it's extremely risky which is why I wouldn't short it but own puts so my risk is very limited. GEOinvesting looks like they're going to do a positive piece on GV (see the comments section), and they're very good so that puts my put position in further risk. GEOinvesting is the ones that exposed the LPH scam and basically destroyed it so a positive piece from them could pump up the price.

That said, I think the odds of my put position being a multi-bagger are pretty good.