"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, March 16, 2010

JAG near target

You know, I am sorry I do not call these things for blog readers in advance and I realize to some it can look like touting after the fact. Hell, I implore NFTRH subscribers not to trade with me but what I do do is let them see my trades to evaluate how I am marrying the analysis to my own functional investment and trading. This process has gotta be reserved for them. But I hope that these posts inspire some learning out there because trading is serious business and if you do not have discipline and a hard ass attitude, you will be eaten alive.

So on the with the tout... JAG has come to the measured target and presents a 28% gain after buying from whoever the hell was selling it down to 'value' territory. Now, JAG's management has failed on several guidance projections over the years I have dealt with it and this has earned what otherwise could be a very nice company a status rating of 'trader', not investment. There are some investments in the NFTRH portfolios, which I willingly ride up and down. The 'traders' included Jaguar, as this company has existed to give me booked profits to this point.

Here's the chart. Nearing target. I sold from the conservative account and for the moment still hold in the speculative account while I enjoy the upside all around today and decide whether or not to hold on to JAG for maybe something more than a trade. I am human and I make human decisions all the time; this is one of them.

Edit (12:33)
Almost fell for the siren's song but in the end I said you know what Gary, it is YOUR profit, the stock is no longer a value, management has not earned your respect, you own plenty of other gold stocks and it is noisy Fed day. JAG sold in all personal accounts and those I manage for others as well.