RE: RE: DOUBLE BOTTOM ! $$$$$$ Ya I hear ya. Oil shot up way too fast today, but I have a lot of oil positions and am hoping to hang on for another couple sessions if possible before liquidating them.
As per this stock CAN, I have over 40 gold stocks on my watch list, all are up 3% to 15% today except for: CAN, ETG, LSG, RPM, AMM...... to me, the price of gold is up today so the beta is dragging up the entire sector. Red lights go off for me on those stocks lagging the the beta offered by the rise in the commodity. This is one of those laggers. I bought a gold stock last friday that today is up 9%. I almost sold it today but figure another could sessions should bring it up a smidge more as today it closed past a major resistance level. This stock is doing nothing. I wouldn't put a nickle into it.