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Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
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  • Almaden (AAU) Swims With the Sharks 0 comments
    Oct 1, 2010 3:10 PM | about stocks: AAU

     You were a little known, undervalued gem at .50 back in Q4, 2008.  I loved you and held you for the better part of 2 years before you finally grew up... with a bang.  Now you swim with the momos and sharks (this Revshark guy pumping you today is a name I think I recall not so fondly from the good old days of the late 90's).  

    Goodbye for now AAU.  I experience a sad emotion familiar to many traders in hitting that sell button, but it has to be done.  I am a bottom feeder after all.  I like to be gone when the sharks show up.

    Too many other opportunities out there for patient investors and traders.

    Disclosure: No longer long AAU (in other words, no position)

    Stocks: AAU
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