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Registered User
Joined: 12/31/2004
Posts: 382
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MDG and KGC looks ok.I think the market will still come down much more with all the bad news of war.Looks like theres lots of diffent comany too short. CHE a good short if there some back fill.FPO and RTI looks good too short.But with the market going down omost everything look good too short.If bad news kepts coming this good get real bad .Any thoughts on the market?? most of my money is out of the market might short a few stocks and might buy some gold stocks.Does any one have a good gold stock they like????/
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Registered User
Joined: 3/25/2005
Posts: 864
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The only gold stock I have in my computer generated list currently is RTP which is nearing it 200 day sma which is about 192.00. The Call ask prices exceed the Put ask prices at the 195.00 level. If options are any indication of the stocks possible redirection, then RTP should begin to rebound at the 195.00 level. If RTP is to rally from there then I would expect Gold stocks as a whole to follow suit. But, that's just my speculative view point. Maybe RTP will have to test the 192.00 sma level first. But, following these option chain prices is becoming very interesting to me as possible rebound indicators or direction predictors.
Any thoughts about this from anyoneelse?
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Registered User
Joined: 10/7/2004
Posts: 82
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The only gold I like to play is the gold ETF (GLD). It has much more volume than the other gold ETF (IAU). However, it's not optionable -- yet.
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