GREY:SGGDF - Post by User
Post by
GoCash1on Sep 02, 2008 5:00pm
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Post# 15425924
BUY CONFIRMED before today's action....
BUY CONFIRMED before today's action....and today's stellar news confirming the Golden Mile extension to Jacobus east.....GOCASH with the
SAGE GOLD INCDailyCommentary
Our system posted aBUY CONFIRMEDtoday.The previousSELLrecommendation was issued on07.15.2008 (45) days ago, whenthe stock price was 0.1700. Since then SGXhas gained 5.88%.
BUY-IF is confirmed by a white candlestick which has an open equal to theprevious close but closing higher. The buying price is the previousclose ( 0.1600 ) according to the Rulesof Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmedtoday. The market seems ready for a new bullish move. Though the marketopened lower today, the day’s activity created a white candlestick thatclosed above the previous close. This is a valid confirmationcriterion.
The significant failure of the previous SELL signal is unfortunatelyconfirmed too. Our shot went away this time. It is a fact that suchsignal failures are more unlikely for higher rated stocks, but it isnot possible to deal with all the vagaries of the stock market. Thesignal system, however, continues to do an excellent job in theoverall, despite such failures. This can be seen easily with a quickglance to the signal history table.
We hope that you bought this stock and still have the chance to profitfrom the later phase of the bullish attack. Today your importantbenchmark was the previous close. You were supposed to watch thesession carefully, feel its bullish tendency despite the lower opening,and go long after making sure that the prices stay over the previousclose.
If you bought, continue to hold this stock until the confirmation ofthe next SELL-IF signal. You are on relatively safe grounds as long asthe future prices continue to trade above the benchmark price and if anemergency warning is not issued. What to do if you did not buy? Maybe,you did not have time to follow the session or you simply delegated thedelicate job of confirmation to us. Well, it is a bit late, but not toolate. You may still find suitable prices for buying in the followingsessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short salesand cover the short positions immediately if there are any. We erredsignificantly on the short side last time, but we are sure that you mayeasily cover your losses (if any) by basing your future trades on oursignal system.
GBGC stocks.>>>>