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Strategies & Market Trends : Ride the Tiger with CD
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To: Veteran98 who wrote (203325)9/6/2011 11:46:39 PM
From: Anchan1 Recommendation  Read Replies (1) of 312987
 
re: PVG (Pretium Resources) doing well -- I am still under water with my PVG warrants (bought at an enthusiastic 1.37) but I see PVG, although barely discussed on SI, as an attractive bet. Technically, we have had a 50% retrace of early 2011's run from 6 to 14 bucks; a nicely consolidated retrace, too. Blind-me could see even a just completed cup'n'handle in that 5-month retrace. MACD has turned into positive territory, not excessively so; RSI at 60 still has room to run. True, there are 2 fresh little gap-ups near 10.30 and 10.70... But with the moon waxing and the clouds waning, I believe I shall add to my position.
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