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Gold/Mining/Energy : Sandstorm Gold -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (109)8/13/2010 10:58:18 AM
From: PaperPerson  Read Replies (3) | Respond to of 1133
 
I was oblivous to the part about Luna owning SSL stock that is probably unrestricted, so thanks for passing along that thought.

I know I am a little early getting back into SSL with a lot of warrants. but they have a way of creeping up fast, percentagewise. i thought getting them for ~ c36 cents was a good idea. the world has frequently found them reasonable at 39 cents, which is 8 percent north of here.

The one year chart shows the immediate potential for revaluation into the 40 cent plus range.

theglobeandmail.com

I made a conscious decision to buy early into the typical lack of interest that we see in august.

SEASONAL GOLD

I keep remembering that wonderful seasonal gold chart that shows gold picking up consistently in sept and oct. if we get that this year we are starting from a hell of a base.

with SSL, this is definitely being early, not a momentum play.

the on balance volume has yet to turn up, remains static.

but we could be about to break out to the upside on that one year moving average. (The blue MA line on this chart is actually 50 weeks.) heading into the week's close, this 50 week MA is at 66 cents.

the stock as we begin friday's trading is at poised on that exact point.

there is quite a bit of downside support at c63 cents. that is the current four year MA.

stockcharts.com