Monday, September 21, 2009

JAG

Here is the live chart that was used for a quick note on JAG in NFTRH51. The chart, with its 8.50 area support level was originally drawn when the stock was well higher. Funny how these things seem to get magnetized to support and resistance levels, isn't it?

While I think JAG could eventually go lower, I poked it for a trade this morning as it has come to our initial support while at the same time HUI has nearly come to a level that NFTRH thought might provide some support.

Risk is high. I am a trader (in paper things and in gold stocks as long as they run with other paper things). You are whatever you are. Caveat emptor.