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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (6101)5/5/2007 7:36:21 AM
From: Sittin_on_my_yaya  Read Replies (2) | Respond to of 29622
 
Cramer pumped GSS tonight and the stock moved up almost 8% afterhours after an unbelievable downward move on Friday, like everything else in the sector. It reports the 9th/10th.
There's a lot of shorts on this one that are likely to get killed, starting a short-covering rally as well. You might try to get in pre-market. I actually think their numbers may be pretty good anyway, but you never know. HUI and XAU candles not pretty. Expect weakness next week.



To: TheBusDriver who wrote (6101)5/5/2007 7:38:13 AM
From: Sittin_on_my_yaya  Respond to of 29622
 
Cramer pumped GSS tonight and the stock moved up almost 8% afterhours after an unbelievable downward move on Friday, like everything else in the sector. It reports the 9th/10th.
There's a lot of shorts on this one that are likely to get killed, starting a short-covering rally as well. You might try to get in pre-market. I actually think their numbers may be pretty good anyway, but you never know. HUI and XAU candles not pretty. Expect weakness next week.



To: TheBusDriver who wrote (6101)5/5/2007 11:22:44 AM
From: gold$10k  Read Replies (2) | Respond to of 29622
 
Wayne,

Any thoughts to how close to the apex you need to be before the breakout/breakdown happens?

Typically 2/3 of the way to the completion of the triangle.

Lot of room for sideways movement here

I agree. Here are some of my earlier thoughts on this.

Message 23362774

vt