With SRS I would think that people are bottom fishing in that sector thinking that a bottom is in?? To me it seems like it's still accelerating to the downside!!
Where to start with Seabridge?? I wish it would have held $22.50 on Friday but has popped back up today a bit. Money has got to start flowing into explorers at some point and for the amount of ounces they're sitting on and the low number of outstanding shares it's VERY undervalued. Hopefully they start selling off some of their smaller properties in Nevada??
The past two years it's had it's biggest runs from June - August so hopefully history repeats itself. This is the most loyal I have ever been to a stock. Any other stock I would have bailed and looked elsewhere but I figure I owe it for the money I made running from $8 - $39!!!!
2 comments:
Roger on Seabridge...
Regarding SRS, it is an ultrashort...are you talking about a bottom being in on the housing market...or a bottom being in on the ETF? :)
Wrote covered calls on my CHK holdings...April @50. Free .5% for doing nothing...If it strikes then I would sell anyway.
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