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.

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