Crazy & Stormin, I like your way of thinking regarding trading.
While mostly a long holder I do play the short term trading due to opportunities that are presented to get some quick bucks while patiently waiting ( sometimes not so ) for the big ticket items.
A few days ago I thought that $1.80 is about as low as I would risk waiting to buy some of those quick trade shares. With the continued ( I am not one to complain on this aspect ) lack of recent news the 1.70s is quite expected from the short trade. While I do not expect the often posted $1.50 bcause I suspect it is mostly shorters talking us down for their maximum gain, I do think and hope that 1.70s is near the bottom.
( My average is just above $2.)
I also think that Noront just may be holding back with the long awaited assays for the FWR/Cliffs item to settle down on Jan.25? If that turns out to be so then even 1.60s are a possibility. So I scratch my head on a regular basis thinking should I wait a little bit longer and risk the possibility that news arrives and I am left behind not partaking of the opportunity this low price presents. Penny wise, Pound foolish.
Buy signal indeed but when do I choose my entry point?
Any way you look at it, it is a gamblers world. E.G.