share price movementWhile gold and most gold stocks are showing weakness currently Eldorado is showing share-price strength on heavy volume. We have seen this before and it turned out to be nothing but it may be a signal of something going on behind the scenes. Any other opinions on this pattern would be appreciated. It could be a play that has been leaked.
I have a fairly large position on margin and have to admit I have been giving consideration towards cashing in but this name may be in play now and I believe it would start a bidding war if it were true. It's fairly commonly believed that eldorado will get taken out at some point and we are coming into gold's typical seasonal strength cycle.
Making sound decisions on entry and exit points is where the big money gets made thats because the decisions are tough to make. Kicked myself for not selling on the last run - could have reloaded already. Can't decide how to play this one.
OceanRanger1