Post by
ERTguy on Feb 25, 2016 5:23pm
Bounced off the 200 day moving average today!
Why is this significant? This stock hasn't been able to hold above the 200 day moving average in 18 months. If we can get a hold here and have the 50 day moving average cross up we could have the beginning of a long term bullish trend. ERTguy likes what he sees!
Comment by
GiveMeSomeRoom on Feb 26, 2016 1:25pm
How about now ? Good short from here in my opinion top end of range failed again.
Comment by
ERTguy on Feb 26, 2016 2:04pm
Yup you're right. I got stopped out today so I guess we'll wait for a rinse and repeat unless gold manages to break out from this level
Comment by
dondo1 on Feb 27, 2016 2:41pm
I wouldn't short this stock. One of the lowest cost silver producers in the world. They are about to acquire a gold producer at a time when gold prices are way up. And, they pay a steady, although modest dividend. A lot to lioke moving forward.
Comment by
SKRiderFan on Feb 29, 2016 8:02pm
With all the extra shares needed to buy out LSG the dividend is not sustainable
Comment by
GiveMeSomeRoom on Feb 29, 2016 8:21pm
The yield will just adjust downward to reflect the extra shares. Above 12.50 again almost time to go long again with yet another stop.