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Gold/Mining/Energy : McEwen Mining
MUX 19.99-2.9%Jan 7 3:59 PM EST

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To: Matt.g who wrote (3254)3/21/2013 12:46:18 PM
From: wolfgangrene   of 24566
 
I've been in and out of the Apr 7.00s 3 times in 2 different accounts since the pincher bottom.
Kind of like going to the race track. Actually, it has been the little gaps open that told me to get out 2 of those times.
The original bottom turn gave me 200%, but each subsequent trade as it's pushed the channel bottom sideways, I've gone smaller and just wanted out green.
I didn't trade this because it was gold, I traded it inspite of it's being a gold stock.
I hold lots of gold stocks in retirement accts, but in trading options, I usually trade other sectors or etfs.
The pincher plays in combo with options really ha to be play precisely. Not early and not late.
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