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I believe goro is one of the best. Their drilling results from years ago are right out of this world when it comes to grades. Could be tho. that the British pulled out as soon as the "best" was mined, thus the decision to exit. May also have decided to exit because daddy Reid decided to retire and turn it over to one of his sons. But bet his finger is still on the control button. GORO still has lots of good grade material in the bank, even if the top quality material is now mined.
Don't know if you are into tech plays or not. But you may want to check out SGLB and EWSI for long term holds. In both myself. Setting on free shares of sglb for the long haul, and adding to ewsi. News today on it.
PM stocks have been pulverized over the past 2 years.. My opinion, GORO will be profitable enough to ward off even lower gold prices, if they hit. Been buying back on this one lately, and added 50% about 2 weeks ago in the 4.55 range. Been trading/watching this one for the last 5 years & really like this company.
PR good for the company. Div. paid monthly. GORO is an excellent company. The reid's know how to get the job done. Stock is WAY oversold at these levels, due mostly to the British company exiting the partnership and selling their shares.
Dumped the rest of what few shares I had left in 2 margin accounts today, and put the money in another stock selling for 1/2 the price of this POS. At least the company is trying and cares a damn about it's loyal share holders. Not like Keevle & company.
I still hold a pittance of shares in 1 account, just as a reminder for what this really is. So that being said, I will be around here for A LONG TIME TO COME to assist in cautioning any new investors reading this board...
Did I just hear a dynamite blast from far away???
Ha, someone pulled a switch on the U.S. housing report. Was listed on FF at 8:30 this morning to be released at 10:00, and now it's gone. Probably canx. due to govt. shutdown. Instead it's the jolts jobs report.
Well, we have the normal red color for unemployment claims as expected. The upcoming housing #'s will likely be red also.
Still short UJ. Took some profits yesterday, and re entered last night. Likely other better shorts out there tho.
I did not post it for the reason of profitability/feasability information. I posted it for the information it contains regarding how and why sand fracking or acid fracking is done.
But it does not take a lot of production from a well even at today's prices (appx. $100 BL) to be profitable for a small company to operate.
If you are an oil investor, or new to the board, and considering this stock as a buy, then the information is informative.
Interesting link talks about well restoration procedures. Like what I see here today.
http://www.oilprimer.com/oil-well-stimulation.html
Here are the Supply/demand area's as I see them. See chart below.
Note- I am setting on free shares because I bought at .07 and sold 1/2 at about .155 .20 seems to be a psychological area in the penny stocks. Rare to see them truck right on thru .20 and continue meaningfully higher without a pull back. AND THEY CAN PULL BACK HARD. It's a risk to buy even at .136 so best bet is to wait untill the price gets into this zone, and not buy untill the breakout direction is confirmed. In other words, wait untill the price breaks back above .142 before re entering. And the same with the next level down if it gets there.
1st demand area .136 to .142
A close below .136 will wipe this zone out. And next MY target would be the .094 to .106 area. And if it gets taken out, then I will buy at .08 - .086
next " " .094 to .106
Next " " .08 to .086
All just my opinion, but I intend to play it this way. If I get more shares, fine, if not, it's ok to.
Don't expect sand frac news next week either. It takes more than a day or two to frac a well...
That is, even if they have any intention of fracking anything at all. Likely intention is to frac peoples billfolds wide open to gain access to your cash.
Lauren2, How can it be a pump & dump when their is absolutely no pumping going on!!! It's a clean shell buyout.
But what I want to know is where in the hell are the transferred shares. Been way to long for the new reverse split shares to hit peoples accounts.
I am about ready to call the SEC. It's been what, about 3 months now. Expected to take about maybe 25 days. That's 5 weeks, not 3 months!!!!
Thanks pennies. GLTU
You are likely right whatever. Just for general info. I sold the UJ about an hour ago, and it's going to be a long haul trade for me, come H or high water. Definate "set & forget", even if it goes 500 pips against me in the next1-2 months.
Statgate, dollar down is absolutely correct. Yo Pennies & SG. It's reality check time for me. I must go back to my old way of trading. I was plenty successfull for an entire year, at least successfull enough for my liking, and that's what really counts for me. So, it's back to long term trading only, based on strictly MY analysis of the market. You guys style just does not work for me. To much time tweakin/changing indicators has had a negative effect in my trading, and I need to get away from all of this. That's not to say that what I have learned on this board is not of value. Because I have been able to incorporate the supdem & other stuff into my old system. Even fib's, but applied to the monthly chart only, from Alfonso's extreme zones. To be successfull in the FX, you pretty much have to find what works for your individual style/risk tolerance/personality/life goals & on & on. Trying to mix you guys style into mine is taking time from my other interests in life, and for my sanity's sake, it's time to get myself back on MY path. I used to place a trade, and then gust turn my MT4 platform off, sometimes only looking at it maybe 2 times a week, running no stops, and smaller lots. It's not worth my time to skalp for nickles & dimes guys. I also make most of my money in the stock market, and dedicating to much time to this board, and trying to keep up with everything going on here is distracting me to much.
Not going to be posting as much in the future, but will check in from time to time. I wish you all the luck in the world guys, but being glued to the FX is not for me. I will likely read the board daily, but with a grain of salt. No more trying to trade the entire market and keep up with multiple charts for me. Only need a small hand full of pairs to track.
No, not showing on mine, but I think you are using Alfonso's supdem, and I am possibly using an earlier version. My supdem came from Alfonso's FF post # 15. You mentioned a day or so ago that you had found a supdem written by Alfonso. Maybe the difference. My version lag's by 1 bar.
Yes, but what I am saying is that my daily chart has not drawn an SZ in yet, because the bar has to complete to confirm, and then draw it in. When you "force" it, the SZ does not show up on the daily. They show up on the lower time frames. I use the daily a lot, and like the look ahead this seems to create. And then be able to logicly assume that the bar will show on the daily chart at the turn over (next day) time, If all criteria is still met. In other words, it's telling me ahead of time that the SZ will appear in the future on the daily. Correct.
Pennies, this may be really good. I did the force, and it shows the bars on the lower time frames before the daily even puts them in. May get a look ahead advantage with this??? Both charts side by side below. Is that pretty much what you are seeing? Looking for this to tank from here, I think. Got stopped out of a AJ tonight at about 8 PM, almost to the tick, and I had it over 100 pips above my entry. Then the news, and AJ then tanked like a rock. Hate stop losses, but have to use them if trading longer timeframes I guess. And I was not at home when it hit.
Morning SG. No to staying up late last night. Set stops on a couple of pairs and slept well. Still in AU short & AJ short. Just been bouncing around my trade lines. Plan on getting out of both sometime this morning. No way I want to be caught on the wrong side of the whacko show in Washington right now. Way to crazy for me. Could get caught in a nice big whipsaw either way it goes. Like AU & AJ yesterday. Ripped down hard, then back up almost as hard. I would rather just watch the upcoming fireworks later today.
Yup, they are a bunch of TV wanabees. Deal or no deal.
Well, Wonder what Alfonso would have to say about the situation in the AU 1H chart right now!!!
Looks like someone peed in somebody's wheaties!!
M80's not strong enough. With gove shut sown & debit limit hitting!
Soon no one will be getting paid to write the tickets for potential fines.!! Just may have to drag it out in court untill the judge quits.. Kinda like what happened in Russia in 1991.
Yea, I know, should not joke about it, But why not. Govt. is now just a 3 ring circus.
Yup Pennies, that's pretty much what I did last night with the au. I did a (3rd time) short entry based on the 1H SZ, and then went out to the 4H and placed my stop well enough into the 4H SZ zone to prevent a spike take out. Worked for me by keeping me in the trade over night & let me get some sleep. Now the price is dinking around my sell order price. But durring the times when I am at my computer, if the 1H gets breeched to the upside, I will take myself out at that point for a smaller loss.
Seems like everything is kind of on hold right now because of the whacko's running this contraption they call a govt.
If they settle this afternoon, the long side of the dollar is where I want to be. But then again, the banksters may also run a big whip saw and prevent anyone from making any money.
Stargate, no SD version available on TOS. I have checked. I do not think that you can import indicators for INTO tos either. But you can hand draw the zones.
Be carefull with TOS. In my opinion, it's a piece of s^%^(
I lost all of my hand drawn objecta a couple of weeks ago, because Ameritrade decided to "clean their servers". I will never use it again. And it's tricked up & complicated to use. Has functions that do not work like they should. Example - Charts & then recently visited. Has a bunch of default junk in it that NEVER goes away, and no way of getting rid of them, and it will not even reliably save some that you "recently visited". Other stuff that you need regularely is hidden in unimaginable places.
Just a crappy platform overall. I rate it on a scale of ten (ten best) at about a 3.
I will never use it again, unless they do a SERIOUS re build.
Sorry guy's, I ran myself out of posts tonight at about 8:30. Got in 2 low pip count sell skalps on the AU tonight, but bailed pronto as soon as I sensed a wind change, and one decent one on the GU. Now back in the AU short based on the 1H SZ, with a pretty liberal stop set to hopefully get it thru the night. Set my stop well up in the next SZ on the AU 4H.
AU looks like it has a pretty tough way to go now if it's going to bust these 1H & 4H zones. The 1H goes back into july and this is it's first touch right now.
Money seems to not believe an agreement will be reached tomorrow. Dollar taking a beating & wiping zones out all over the place. At least on the pairs that I have been watching.
Long GU NOW.
Yup, AU up, stkjunky gone like the wind with small short profit. STK COME TO MAKE MONEY NOW..
Thanks Boca. I could use a good one about now. Got clocked on a couple in the last 4-5 weeks. Feel good about my entry price.
I just made a short entry here on the AU.
Well, AU and my EJ both took out the zones. Got stopped out of my EJ for a 29 pip loss. On to the next one. But this govt crap is messing things up, so need to stay conservative right now.
OK, the gap is now filled on the UJ. Hoping to see things start to turn now.
You are hand drawing, as you mentiond that you prefer. The supdem auto's are not showing an SZ on the 1H at this time. But may form a new one soon. The 30M auto's are working on this trade quite well tho.
Not shure what time frame your looking at, But the 30M has been hit to death. So makes sense. Gotta slow my posts down to save a few for later tonight.
Pennies, that's good info. Thanks, I have never traded these pairs untill just recently. Been working over the UC UJ & UC mostly for the past year. Will have to keep these in mind a little more in the future.
Yup, the trade is really working for you now.
While my EJ is setting there acting like it's trying to erase my green entry line by seeing how many times it can cross it before it dissapears.
Hey pennies, I have a 23.6 fib retrace line setting them the way Alfonso set his, but mine are stacked. The 23.6 coincidently comes out exactly where you have your take profit @ .9455
Looks like you got a winner here. Wish I could have taken this, but have money tied up in EJ. Shld have switched.
Wow, price today just hit a monthly trend line going back to the first month of public listing in 2006. I doubled up at $4.56. Unbelievable. Fortunately I did not get back in untill under $10 for my first re-entry.
Sheesh, maybe the Reed's even hate gold stock & miners lately. The Brits. have to run out of shares to sell sooner or later. And can't wait for the short squeeze to begin.
chart below. Click to enlarge.
Always for me.
Pennies, that looks like a pretty good trade on my charts. Daily & 30M in the SZ and the 1H 4H are up againts resistance. Don't have fibs set up on it yet.
Yup, UJ has a pretty big gap above it. Agree with gap fill theory. That's one I am watching this morning.
Built 2 more fib level pairs this morning while things were slow. Making progress on it. Easy after doing a few.
Morning pennies, same thing with EJ at the same time. But it's coming back down now a little bit.
SG, here is a chart that I set up last night. Based on one of Alfonso's video's. Suggesting using fibs his way, but his way is not stacked. It uses 3 fibs, all on one UJ 4H chart & start/end points from auto supdem area's. Planning on leaving it for a while to see where the reaction levels fall.
I was considering a short on this pair if it would not have gapped down on the current bar. But I have already noticed one thing that may be valuable info down the road. The current bar's low went right exactly to the YELLOW 50% fib and then bounced up. Not certian what it's telling me quite yet. But it might just hold & maybe consolidate above it. Their are 3 other fib lines all in this same "bounce" area, tightly packed in.
Well, anyway, I have it on radar to get a better feel for reactions.