Thursday, September 8, 2011
Holding pattern...
While the market waits for Big Ben's speech in 30 min we remain in a tight range. Gold is up $50 in anticipation of Bernanke hinting at some sort of stimulus. I'm still holding on to my Spyder Gold Trust ETF (GLD) puts since I'm playing with the house's money anyway. I'm the only one who sees the double top? Three of my favorites are breaking out big today. athenaHealth (ATHN), Hansen Natural (HANS), Arcos Dorados (ARCO) are all up huge on heavier than average volume. These are all screaming buys. Wait for a day when they pullback cause there's no reason to pay up for these names since they tend to get smacked on down days.
This is not a recommendation to buy or sell any securitie. Dak was long ARCO, HANS, and ATHN and short GLD at time of publication but positions can change at anytime.
Labels:
Gold,
Market Move,
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