I am playing this for a run to the 50 EMA.
Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Tuesday, January 25, 2011
GORO - Hammer Time
GORO is the blue chip gold mining company. Smart management, discipline capital allocators, tight share structure, and a monthly dividend. When it collapsed into the open, I grabbed a bull put spread on and, and also bought some 22.50 calls. Now, it looks like a nice hammer forming.
I am playing this for a run to the 50 EMA.
I am playing this for a run to the 50 EMA.
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