Friday, April 4, 2008

Yamana

Booked $14.49 buy @ $14.93

3 comments:

John said...

How do you determine when to buy a stock ?

In the case of AUY, for instance, is it because POG broke resistance ?

...I guess it's more complicated than that, just trying to understand though...

Tom C said...

john, buy low sell high. we all know where gold is going (i hope you think up?) so when gold gets a nice smack down as we've had.. you start cost averaging in. when some more crazy bailout comes out or dollar takes a dump, take profits and wait for another solutions from the fed/treasury/gov. repeat for as long as you like money.

Tom C said...

also, in response to resistance and the like, i personally dont subscribe to tech analysis, especially when it comes to gold. events are unfolding at a blistering pace now and to time every move with TA, imo, is suicide. i stick to simple trend lines and hope my fundamental thinking is straight. i hope that helps?