AEM is my largest position dollar wise, so I watch it very closely. I expect great things from this company, but was expecting some weakness in gold and the miners short term. I placed DEC and JAN 85 sold calls on when RSI7 gave me a signal. What I did not expect was the negative reaction on news that prodution costs were higher than expected, even though they raised gold reserves and quadrupled their dividend.
These things happen, and I was as prudent as I could be on a stock I won't sell.
So where does that leave me? I closed my calls yesterday when it hit the fib line, and feel comfortable that the stock is oversold and at support. I will rehedge Jan75's on addtional weakness next week, or will buy calls on a RSI7 buy signal.