Thursday, February 9, 2012

Sold LSG - $1.51

Due to my general paranoia that the stock market and gold are about to leave the party as the US Dollar makes a conclusive intermediate cycle bottom, I set a limit order sell before the market opened today to sell my shares in Lake Shore Gold (LSG) at $1.51 - 4 cents above my purchase price. I took my eye off this ball and was not aware of the favorable news that was announced after the market closed yesterday. LSG is, at this moment trading up 15% for the day at around $1.63.

My TSI Trader record has been updated.


  1. Hi John,

    Also sold mine too early.
    Nice recommendation though!

    Keep up the good work!


  2. Hi John

    Hope you're enjoying your evening an TVIX gains. I've been watching it since last year and have been wanting another chance these levels. I am so excited.

    Please keep us posted and thanks again for the charts, its like homework for me.

  3. Hi John,

    With the overnight action in gold, I bet you're glad you sold! Nice move. Congrats!

    John, where are you on the 40 bar cycle on the 4 hr chart?

    I have the last low on the chart occurring at the low on the morning of Feb 7, so we're currently on bar 18 of the new cycle.

    If this is a correct count, then the earliest we would expect the next low would be Monday night/Tuesday morning --IF-- the current cycle runs short (as it should because the last one was long).