GREY:LACHF - Post by User
Comment by
Nosleepon Jun 22, 2012 2:01pm
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Post# 20044972
RE: Don't Get Suckered
RE: Don't Get Suckered don't get suckered? A while back people would have been pretty happy to pick up lma for 2.50. I'm lookin for an exit closer to 4.00 so whether i buy some more at 2.30, 2.40 or 2.50 it doesn't really matter. Honestly i prefer to buy positions by averaging up once a new uptrend starts, but at 2.50 or less LMA looks stupid silly to me.
LMA has always had low volume moves both up and down, you might find one day it moves further than you like, or over a 3 or 4 day span a significant move up. No doubt if gold crashes it may follow into the low 2's again but your guess is as good as mine as to whether that will happen. Trade accordingly.
I do agree there's a rigged game out there though, LMA is being kept down by someone IMO. Hopefully not for some lame takeover offer at 20% above the 20dma.
Nosleep