InvestorsHub Logo
Followers 183
Posts 11456
Boards Moderated 0
Alias Born 01/25/2010

Re: Picassa post# 118

Tuesday, 04/19/2011 10:48:52 AM

Tuesday, April 19, 2011 10:48:52 AM

Post# of 176
Picassa, i'm not day trading this so i'm not losing anything... I simply see this as AUMN sometimes retracing to check out support levels, as it and other volatile small-float stocks often do....

Emphasis on that SMALL FLOAT: AUMN will dance around rather "violently" for some time b/c of this....

Good news: It's still well above the 200 dma, and not really that close yet to the lower bolly band.
We've been above 50 on the RSI for some time, now looks like we need to enter a bit of oversold territory for a while.

I'm a big buyer on anything under $20 again but not even sure we're going to hit that.

Good to take the longer view here and not be too upset by daily/hourly swings. JMO, but looks like we're in a trading range between mid-$20s and $24s for a while... Yet some sudden good news could pop this into breakout back to $26-$28 and then eventually higher....

What other stock has serious analyst price-targets 150% to 400% higher than the current pps?

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.