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Welcome to the Evolving Gold Free HUB On AGORACOM

Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.

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Message: Re: Looks Overbought
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Jul 17, 2009 10:07AM
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Jul 17, 2009 04:20PM

Re: Looks Overbought

posted on Jul 19, 2009 09:16AM

kd - there were a lot of people that missed the ARU boat because it had gone too far too fast, because it was overbought, because there were gaps underneath that needed filling. Unfortunately for them, ARU did not get the memo and kept running like a scalded dog. l agree with barak that the stock looks overbought. I do not agree that a significant pullback or a trip down to fill the gap is a lock. In most situations waiting for a better entry point would be the right thing to do, in this case I am not sure that strategy will work out. Better to get at least a foot in the door in case this stock turns out to be one of the exceptions. I think it has that potential but there are no guarantees in this biz.

tsl

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