good point, i didnt think about gold, haha. i kind of put it in the back of my mind cause it is in such a downtrend, but that is a good idea.
yea i just checked it out, the bottom tail, and then this big move up, has it back above the 8ema, regardless of italy news or not, it should get a small uptrend, maybe run into the 21ema and sell back off.
I could use an uptrend in gold for about a week. Sold as puts early this week. Would love to take off the trade before Christmas.
Even without Santa Gil making the markets go down today, I made good money. Finally got out of Pandora on a big up move today. Not sure what I made but I think it'll be around $200. A lot of other underlyings moving the right direction for me too. Just need under armor and first solar to get on board. I've a feeling those companies are going to be with me for a few months, at least.
ive been eyeing UA for a while now, around $30 seems like a good entry, i just havent had the balls to pull the trigger yet, plus ive been tied up in other trades.
Let me know if you ever enter into an Under Armor trade. It seems pretty low right now, but I don't know much about the company. Maybe they are in danger of going bankrupt? No clue really. Just know I had an earnings trade on and they went down and have pretty much been going down ever since.
nah they are far from bankrupt, one of the top selling sports apparel companies in the USA, their growth is high, but on the last conference call i think they said something about margins not looking good going forward or something and the stock tanked since then.
