Calibre Mining Corp T.CXB

Interesting talk on BNN this morning.

[Goldnorte]

Lot's of talk about taking profit in gold stocks eventhough most are undervalued.  A healthy pullback later today could set the stage for the next run up tomorrow.  I for one beleive we cannot just go up and up without a regular 2 to 3 % pullback. Buyers are on the sidelines waiting to have some of their bids filled so to push it up to the next stage.  This applies to all gold companies right now in my opinion.

[karead]

There are a lot of wanna be traders who will have sold thinking they can get back in at lower levels and have now missed the boat.

[Alex69]

if you sit and wait for 2-3 % pullback, you're not very serious  about inveting/trading, usually pullbacks are 5--15% but it's very dangerous to short when it's making 52 week high on volume, looks like this stock is loved by somebody who knows something we don't know, stocks are moved by big investors and this one has been moving up on big volumes

[Goldnorte]

NGD down almost 5% today and I sold near it's highs,  started picking away at it in the last hour.  I'm just saying it is healthy for a stock to pull back,  Yes I sold 75 % of my position in CXB this morning and yes I'm hoping it will do the same as most gold stocks but like some of you I avoid falling in love with a company.  If it doesn't react the way I think

[Alex69]

there is no "falling in love with the company", you need to know why you bought it in the first place, what you are doing, you are basicly a daytrader, sometimes you win because you had a bit of luck, sometimes you lose, but not going to make a living from this, eventualy daytraders lose, timing especially short term is gambling, it is not even professional trading