The pattern is still repeating. A rally to 19 would be nice at this point. Would keep me from losing some money too. Have 3 Vertical Spreads expiring on July 20th! :eek:
I need AUY to be at or above 17, 19 & 20 on July 20th. Looks like I may have set the levels a bit high on the last two Spreads. Got greedy, going for too much profit! Still, there's a few months left... we'll see what happens.
It doesn't take much for AUY to move and could do it, however it's been hit hard along with most gold stocks so it would take a sizeable bounce back from here. I think once the hedgies jump back on anything is possible.
Not looking too good here on the daily chart. Death Cross of the 25EMA down over the 50MA, and the price closing below the 200MA twice. Ugh. I normally decide about 30 days prior to Expiration (before the Rapid Time Decay kicks in) about closing a position for a loss. That gives me 2 more months to squirm in my seat! Calling all Hedgies! Buy AUY now!
AUy is too good a buy to let go down too far, it's only a matter of time before they push it up again.
Earnings Announcement for AUY was a non-event. Oh well... So I closed out the position and ate the loss. Wasn't too bad. Put the remaining funds into LTD, which has been trending nicely as of late. And so it begins again...