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Old 09-01-2009, 09:59 PM   Nav to Top  #1
teenwolf41
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Default EGO - Eldorado Gold

Gold is the perfect hedge for any portfolio. With the VIX rising, getting EGO around $9 should hold well for the long term. I will be looking to get into this name early next week. P/E relatively low compared to competitors and profitability is higher than the sector. Perfect balance sheet. And if volatility returns to the market than Gold is your play


Last edited by Miles; 09-02-2009 at 01:17 AM..
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Old 09-03-2009, 10:09 PM   Nav to Top  #2
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Up gigantically the last 2 days. MIssed the move on it, will wait to get it around $9.50.
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Old 09-05-2009, 03:01 AM   Nav to Top  #3
Greg Magadini
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Default not sure about 9.50

Looking at this most recent chart. 9/4/09

EGO has been range bound between 9.50-11.50 for the month of AUG, but these last 3 days have been big moves on high volume.

While the MACD is showing a potential cross so are the 10-20 day SMA's...

Also Candles are forming a decent 3 white soldier formation (yet could be prettier)

I do anticipate a resistance break of 11.50 here.
If you plan to invest 100 shares in EGO long-term and do not want to miss an opportunity you can sell an 10 put for OCT. worst case scenario you get called out, and have to buy the shares at 10$ a piece...

Otherswise, good possible trade here is to buy an Oct. Call there pretty cheap, and could make a good amount of money on a resistance break. Worst case loss on that 50$


(Trade at your own risk. My advice is my personal opinion. I am not a professional and I do not Intended to manage others trades)
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Old 09-08-2009, 05:57 PM   Nav to Top  #4
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Default hmmmm

Interesting day for ego! Glad to see the bears couldnt beat the close of the previous day... Got a breakthrough... well see if it holds... or was a false signal..
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Old 09-20-2009, 03:02 PM   Nav to Top  #5
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Looking to add EGO to my portfolio this week.
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Old 09-21-2009, 02:01 AM   Nav to Top  #6
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Good luck. It was featured on BNN Friday as one of the top three picks of a guest they had on. Can't remember who exactly.
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Old 09-22-2009, 06:30 PM   Nav to Top  #7
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up over 4% in a day, looking good so far.
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Old 11-09-2009, 06:45 PM   Nav to Top  #8
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Still going higher! Up 16%
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Old 11-09-2009, 09:17 PM   Nav to Top  #9
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Default Gold rallied to a record high

Gold rallied to a record high today as the dollar weakened against rival currencies. December gold rose $5.70 to settle at a record $1,101.40 an ounce, after climbing to an all-time trading high of $1,111.70 earlier in the session.
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