Global Platinum & Gold (GPGI) Message Board

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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 23.06

+4.2%

3:59 PM EST

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To: JACK R. SMITH JR. who wrote (2286)	3/21/1997 11:26:00 AM
From: TATRADER	of 14226

Jack, I sold my trading position in GPGI at 2.75 and 2.81 in the last two days...I locked in some nice profits...I still have my core position and will not trade it....However, one of the 40 Zeevian principles of investment is that when a stock goes up and it is on weak volume it smacks of distribution...From a TA aspect yesterday my Volume oscillator went down from 450 to 417 while the price went up...This is a bearish divergence...It tells me somebody is playing with this stock....The stochastic reading is at 67.48, a neutral reading...My MACD is still bullish at 0.213 by 0.1763.....My Trix is still bullish at 1.4375....The stock will move in a flag-pennant formation once it clears 3.50....But when that day comes is anybody's guess...Still long but being a nervous nellie....Regards, Mark

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