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Message: Re: klaus-gte - Kim

kim
Mar 08, 2011 03:05PM

kim
Mar 08, 2011 03:11PM

When I suggested 8.40, I was referring to the AMEX listing - yesterday's low was 8.38. With the rise of the Loonie, we are in a strange world where Canadian prices are below US prices.

Now that we've had 2 days of selling, tomorrow could be a good day to buy. If we gap down at the open, I'm going to buy half my position immediately. I'll buy the other half when it breaks the downtrend line. If if doesn't gap down, I'll wait until either the downtrend line breaks or the hourly MACD gives a buy signal.

I suspect it won't go too much lower than today's close. It's a pretty good risk/reward situation, methinks.

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