SBM 0.00% 20.0¢ st barbara limited

Hey RR.We did have a 3c rise in one day so it will be...

  1. 1,004 Posts.
    Hey RR.

    We did have a 3c rise in one day so it will be interesting to see if that can be held. I wasn't expecting her to carry this far today! Totally depends on your timeframe for the trade of course. SBM was a lot of fun to daytrade from about August last year. Like clockwork. But I'm going with longer frames now or until profit targets are hit. I guess in terms of a retrace you just place lowball buys out of the money and see if they're fished. The probability of her hitting sub-40 again seems slim at the moment.

    Selling/dumping into strength is one wildcard. Trigger fingers must be getting itchy about now. The other wildcard of course is the POG. Heading up a bit too strongly for cautious ol' me. I think some consolidation is in order there. That may put lead in her shoes at least temporarily too.

    I'll stay long with moving stops for the time being.

    Anyway, congrats to all gold bugs today. Green as far as the eye can see!
 
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