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Ride the Tiger with CD
-- Ignore unavailable to you. Want to
who wrote (
3/21/2012 5:58:20 PM
was going to short it but never did
got way out of hand in an otherwise weak market
has everything that this market otherwise detests so looked like a distribution by large hands
relative to other asset plays IMO massively overvalued
who wrote (
3/21/2012 8:51:55 PM
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HOLA... just back from the Mayan .... Thank God I sold all the golds including PVG and the warrants in my trading account !!! Can't say the same for the RRSP which is looking pretty anemic but sure nice to be sitting on a big chunk of cash with everything within spitting distance of lows that haven't been visited for ages.....
As for PVG I sure wished I would have shorted it but didn't want to head out on vacation with open trades on the book ..... There are a couple of factors coming into play the first one being how it got run up prior to getting included in the TSE index it's crashing just like I thought it would which I mentioned in this post....
The other factor coming into play is just like what happened to CKG.. warrant expiry coming into play.... The warrants expire April 9 and the strike price is $12.50... I bought a boat load of CKG the last few days heading into expiry and it's now up well over 2 buks .. I'll be looking pretty closely at PVG as well.... Might not work as well however as it's a crappy gold market ... March has been awful as usual and in general April is usually better but seasonally it's still pretty dicey until June or July where it's a much safer entry than where we are now. POG is still teetering on the fence and it still looks pretty scary to me... April usually not bad but March still not over and wouldn't surprise me to see another quick spike to the downside .... I'm content just watching for now....
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