nick.holland78

VGZ - 144min

Long
AMEX:VGZ   VISTA GOLD CORP
66 views
3
I know I've posted ideas on some of the sub-$1 miners, warning that positions should be kept small until we get confirmation. So far, a good start to proving the correction is over in wave (2). The larger 1-2 will add confidence. Retraces may be small in a presumed wave (3), and I'm not sure about the timing as my analysis isn't a timing system. Just watching technical indicators and price pattern for clues.
Straight stock plays on juniors like this are safer plays than 3x leverage ETFs in my opinion. Long from ~0.87

Comments

Forgot I had some stink bids on Jun17 2.5C options for 0.05. Filled just after the FOMC while the chart is currently still holding a decent set-up. Very tiny position, so guess we'll see what happens.
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Difficult to tell on these low-volume symbols, but looks like minute cir-i may have completed. I can make out a possible 5-waves up. Hold retrace support, then take out that recent high would be a good indication this could get moving. Could enter on a break of the recent high with a stop below the presumed forming low, or stop at 0.80 if you want to be loose.
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Nice choice, thanks
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@bhowe, Up almost 30% since I started posting about it. Should have a long way to go. Trail stops and manage your position size. I plan layer in more as my current position isn't all that large. Should be a fun ride.
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