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Registered User
Joined: 12/23/2005
Posts: 41
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I have started a small position in ERS here today. I think again i think it is done going down. Stop loss just below 8
any body monitoring this?
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Registered User
Joined: 12/23/2005
Posts: 41
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Nice move today on pickup in volume
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Short term trader notes (not intraday)
Nice pick on this one; 10/5 was the perfect day to buy.
ERS broke a down trend line on 10/10 on up volume. Look at GSS and CUP (also metals stocks). I don't think it will be long before ERS is right behind them. It's on my pending longs list. The markets are pretty much overbought and are coming close to some resistance. It's clear that there are people buying metals to be ready for the next retracement.
I'm with you, ERS is a buy for me if it clears today's high of $9.64.
Good hunting!
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Registered User
Joined: 12/23/2005
Posts: 41
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added some more on the dip today, this can make some real serious money
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Good move on adding. ERS is a favorite of mine. I like ERS, GSS and CUP for profits when the markets are pulling back. Everyone wants to jump on metals and I'm happy to jump on with them.
Blessings.
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Registered User
Joined: 12/23/2005
Posts: 41
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all most doubled my money on this one. will take partial profits here and let the rest trail stop when the markets decides.
hope you all made some money on ERS
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Registered User
Joined: 10/7/2004
Posts: 9
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great call raaja-what indicator did you use to forecast this
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Registered User
Joined: 12/23/2005
Posts: 41
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Thanks cjcave, honestly the only thing that caught my attention on this one was the volume spike on sep29th and this was a laggard stock in a good sector.
sorry this may be unscientific, but that was it.
will keep hunting for more and share it.
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