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They hated it at 50 cents. The will love it again at $5. The shorts are trying to sneak out the back door. As soon as their wave pattern is confirmed to be bullish, the shares will begin moving up quickly again simply based on where this has traded in the past. I continue to hold a small position in this, treating it as a non-expiring call option on gold. If it moves 5 waves up and then 3 back I will probably double down on it but I will let it prove something to me before I commit more capital to this as the current move still looks a bit corrective.
Wednesday, February 25, 2015
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