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GOL Linhas Aéreas Inteligentes S.A. Message Board

  • rbotterb rbotterb Jan 11, 2008 9:45 AM Flag

    Nibbling on GOL for IRA

    After watching GOL drop lately, its technicals are getting to where they are compelling to start nibbling on shares again. I've decided to just invest/trade in GOL going forward in my IRA since I can't get shares to borrow to short shares and cannot do my normal box trade activities with this stock. So I just picked up a new small position at 21.33 at the open. And I'll build it up and start trading some of it going forward as 2008 unfolds.

    The stochastics are oversold, 13-day EMA line at 23.14, 50-day EMA line at 24.53

    Support levels:

    22.69 +/- .50
    21.33 +/- .47
    19.40 +/- .43

 
GOL
1.62-0.05(-2.99%)Aug 4 4:02 PMEDT