Trade TWM, BG, VGZ
Posted on January 3rd, 2008 in Stock Market | 2 Comments »
Bought TWM last week at $65.01 on Dec 27. The IWM was showing much weakness and the TWM is 2x the short of IWM. Currently I’m up +10% as it trades at 72.08. this will want to run up to $76.
Entered into BG at $121.90 very strong volume today. Soybeans will continue to go up as international demand will drive prices. This will want to run up to at least $130.
Entered into VGZ at $5.29 on strong volume as gold continues to get stronger. My target is between $6.25 to $6.50.
2 Responses
Hi
How come vgz came down today while all other gold stocks were doing better !!???
Is thre lots of shorting selling goin on in this stock particular ??
Thanks,
Every gold stock reacts differently to the price movement of spot gold prices. I got stopped out of this as I was trading this position. Vista gold is a strong stock but will have wild swings. The selling we expereinced on Friday was on lower volume then a few days prior which is positive. Vista Gold may retrace down to $4.65 where you can pick up more.