Re: This share price
in response to
by
posted on
May 04, 2010 01:34PM
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It's so blatant, you could smell the sell signal the gold cartel gave a few hours ago, at 10 am EST when silver made the quick swipe down from 18.70 to 18.40 while gold looked to be holding. I think this is the classic sell signal for the shorts to get ready for a more extended move down, as discussed by Andrew McGuire. It was quickly followed by a push down from 18.40 to $17.80. I picked up on the telegraphed signal, and sold $14K in silver mining stocks at the $18.40 level. I intend to buy them back shortly for a huge discount, and I'll have collected many more shares.
My gut says this won't be a quick move, but may take a few days to play out. Whenever I play this right, I always buy back too soon in my haste. Patience...then pounce. Let them finish scaring away the overleveraged weak hands.
I think Tyhee is absurdly cheap here, so there was no need to sell. In fact, I may even use some of my cash holdings to add to Tyhee. There's no reason for it to be this cheap.