rails99,
RE RGLD. My position there (From high 4's) was taken mostly on TA. The last earnings report and expectations seemed bullish to me, but not entirely congruent to the price reaction of the stock which has zoomed with the best of them since then, in reaction to (and sometimes in defiance of) the POG. BTW, I too owned this one in the low 3's and sold in the high 3's, it got away from me, but as soon as I checked out the TA I rebought shrugging off the near dollar difference from my last sale of it.
I suspect my FA is missing something on a royalty type gold holding (which I am not as experienced with as a mining co.) but the TA convinced me someone else had a real good handle on that FA. Which is what TA is supposed to do, ggg. In the end, for me, TA rules and this chart gives me targets ranging from 10 to 20+, so that was some motivation. Sorry, no guarantees on the targets, ggg. IMHO, if the golds correct here and RGLD does also, it would be a good one to start nibbling on, in portions on the way down. Sorry I don't have any S/R levels at the moment for it (tight personal schedule, I'm behind on the homework).
I will continue holding until the TA convinces me I might get a chance to buy it back closer to my initial price. Don't know if that will happen, and even if I am convinced it would, I will not part with more than half my current position.
Currently playing the golds a LOT more long term than I usually do.
Again, no warranty on my TA handiwork, ggg.
BTW, If anyone on the board has a good FA read on RGLD, I'd like to hear it.
Best Regards,
Roebear |
