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Paul Mosgovoy
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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Exit CCJ; 19.58 4 comments
    Jun 24, 2014 12:09 PM | about stocks: CCJ

    Exiting Cameco Corp. (NYSE:CCJ) at 19.58. Charts to follow.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CCJ
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Comments (4)
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  • zaw77
    , contributor
    Comments (54) | Send Message
     
    Hello MR. Mosgovoy, I thought your stop was at $19.30, did you Exit to buy lower?
    I am since months in CCJ with avg. 18.85, but this stock is really boring. Regards, Chris
    24 Jun 2014, 03:15 PM Reply Like
  • Paul Mosgovoy
    , contributor
    Comments (119) | Send Message
     
    Author’s reply » Yes,

     

    Hard stop at 19.30.

     

    However, CCJ has made a lower low than yesterday's low and so I decided to exit before the 19.30 area was hit.

     

    This was purely discretionary (I changed my mind based on price action).

     

    With the overall market reversing so violently, I am not looking to re-position in CCJ.

     

    Now focused on TZA as it has reversed today.

     

    Thanks,

     

    Paul

     

    p.s. Still time to exit CCJ if you want (30 - 40 minutes left in the session)
    24 Jun 2014, 03:22 PM Reply Like
  • zaw77
    , contributor
    Comments (54) | Send Message
     
    I exit in yesterday's after market at $19.45, took small profit.
    25 Jun 2014, 04:43 PM Reply Like
  • Paul Mosgovoy
    , contributor
    Comments (119) | Send Message
     
    Author’s reply » Good work Chris,

     

    Looks like CCJ is not ready to move higher.

     

    Overall, the markets (S&P 500) might be at a turning point (lower).

     

    Paul
    25 Jun 2014, 09:50 PM Reply Like
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