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Politics : Welcome to Slider's Dugout

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To: Eva who wrote (15996)	3/4/2009 2:27:05 PM
From: SliderOnTheBlack	4 Recommendations Read Replies (1) of 50288

Buying back 1/2 of the gap up open flip... Buying back some AEM @ $2 less than than I flipped it for this a.m. AEM is my lead dog at these prices. And buying back some ABX @ $1.50ish less than the a.m. flip. I'm starting to think ABX is either going to do an equity offering, or make an acquisition. So give yourself some "air" to scale into ABX. Tremendous value here, but some big block dumps that keep on coming. Some of it can be naked shorting, as ABX & NEM alone represent 29% of the HUI index alone. Only buying back 1/2 as as we could still retrace back to the HUI 240's. Just trying to grind out some 3-4-5% trades, a buck, or two at a time against the grain here. If all the market will give you is a day trading environment... then take what it's giving you. To say the least, this is a tough tape. Gold down -$13.30 @ $902.50 but holding above $900. The bull trend is still intact down to $875ish. I still say they're pounding it down to get a final re- entry opp prior to the April 2nd G-20 meeting in London, where the global "New Deal" will be born. Would have loved to see the open hold, but that's why we still have to sell all gap up opens in this environment. SOTB

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