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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (101758)5/29/2008 2:41:49 PM
From: chowder  Read Replies (1) of 206270
 
Re: WNR ... If you look at the weekly volume numbers, most of the selling came when price dropped below $12. This climatic selling pattern suggests there may not be a lot of overhead supply in this price range, making it easier for price to rise.

I would expect some overhead supply coming to market in the $15 to $16 price range.

In any event, the best way to protect profits down here is to use a trailing stop as opposed to try and guess a price target. I let price tell me what to do.

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