the reason is very simple. gold has reached a point where there are no more sellers.
what can the only direction be for gold from here going forward?
forget about greece.
this has nothing to do with greece.
every large fund is going to cover therir short positions in gold as the yellow metal rallies into december again starting this week.
more than you can afford & sold the ootm gld puts today.
I don't mind being in the weeds because this is where the green money of success is located.
DGLY is up from it's $3 lows.
Do you know how many company's that were losing money became story stocks?
And go look at NBG that is bankrupt but the stock is up.
Do you know anything about investing?
Sorry you lost lots of money in AMBA but I warned you here.
People assume that NFLX will do well in China where the daily wage is under $10.
Just use some "common sense" here people.
Those analysts who are calling for $900 know very little and are more than likely giving the market for NFLX a sell signal.
Look for lots of continued selling for AMBA since all recent longs are now underwater and margin call selling will be picking up faster in the next few trading sessions.
In one statement/ There are no more buyers for AMBA.
DGLY will be doing much better.
That was the stocks low that day.
That was the time to buy like I did.
You thought $1.97 was bad for BAC a number of years ago?
Well, you ain't seen nothing yet!
Do the DD people.
There you have my trade of the week.
Will sell on Thursday for around $2.00 each.
Are you learning anything about the stock market yet with the big AMBA plunge?
What have you learned?
It's going to be much worse this time through.
MUCH worse than the RE crash of 2008-2010