I really should ask permission to post now that I have been exposed as a "part-time" long term GXY investor..... so, here goes.
The most recent resistance point before the break-out above $4 was at $3.90ish. We are pretty much there now after just a few short days. This price point should turn into a support level - although we need a bit more confirmation.
Now I'm not allowed to say what I am considering doing, but I am looking for some consolidation at this level first. If so, then there might be a little opportunity..... but, I'm not saying anything.
There will be opportunities over the next month or so, you just need to pick the right moment to act. There's a weight already placed on the upside potential in the short term due to the antics of UBS and the like. But, there still is an opportunity (for the disciplined).
GXY Price at posting:
$3.93 Sentiment: None Disclosure: Held
