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Bullboard - Stock Discussion Forum Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the... see more

TSX:ARG - Post Discussion

Amerigo Resources Ltd > If you do day trading...
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Post by SomeGainNoPain on Jan 25, 2022 10:46am

If you do day trading...

You can buy the Luzich dip and sell the Amerigo NCIB high. I almost did that yesterday when I bought a small chunk of shares at 1.55. Since I am very overweight in ARG shares, I may have sold the small chunk at about 1.64 -1.65, but I kept the extra shares in the end because the type of account I use does not allow day trading. Anyway I find the up-down patterns somewhat predictable. GLTA
Comment by goldens on Jan 25, 2022 4:25pm
I find they are usually predictable until I try to execute. Some pretty wild swings. Tomorrow should help calm things down. It all depends on the FED statement. He can either calm the markets by being assertive or cause all hell to break loose. Worst case in my opinion would be if he leaves any doubt in the prospect of a rate increase before March. I think inflation will calm down if they can get ...more  
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