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June 4, 2009 / Jeb

Our Stocks 6-4-09

BARE did not trigger a buy as we had the buy point at 10.51…maybe it will hit that tomorrow.

TGB was up but it does have resistance at the $2 area which it will take some time to breakthrough.

NGD was unchanged and is now building a “handle.”

UXG was up around 6% and closed at the high of the day.  Look for a breakout through $2.75.

GMO was up 10% today on good volume exactly how we saw it would play out.

We are long these four positions TGB,NGD,UXG and GMO.

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6 Comments

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  1. Tuni Singh / Jun 5 2009 1:31 pm

    It seems that NGD is at its 20 day. Would you suggest waiting for the pullback to 50day around $2.18 to come in if I missed the train?

    • Anticipate Opportunities / Jun 5 2009 4:02 pm

      Let’s see what it does at the 20 it doesn’t appear that we are there yet.

  2. Tuni Singh / Jun 5 2009 1:32 pm

    Do you think TGB will pull back to 50day MA-around $1.45?

    • Anticipate Opportunities / Jun 5 2009 4:02 pm

      Great possibility since the GDX might have a pullback.

  3. Tuni Singh / Jun 9 2009 5:10 pm

    GMO hit 2.50 which is support and at the 200 Day MA. It hit it bounced and closed at 2.65. Volume declining-do you think it may break support-or is this a buy point?

  4. Anticipate Opportunities / Jun 9 2009 5:28 pm

    Remember the true support was the previous breakout at $2. Look at how it interacts with the 20 day Moving average.

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