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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:44 AM EST

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To: architect* who wrote (710)	10/25/2012 10:38:06 AM
From: TheSlowLane	2 Recommendations Read Replies (4) of 1133

I've been watching SAND closely especially since Cramer was pounding the table on it around $15. And what has been interesting to me is that it hasn't even been allowed to retrace to the 34 day ema, not yet anyway. It's out of overbought territory and is consolidating in a symmetrical triangle pattern. I had kind of expected a really good hard pullback to the 50, 100 or even 200 and that is still a possibility, but it isn't acting like it wants to go there. Newcomers to the sector or at least this stock deserve a proper greeting as part of the initiation ceremony, i.e. a pie in the face, LOL. Will they get a pass?

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