Wednesday, January 26, 2011

Bought CRK.TO

I bought 2500 shares at 1.37 of CRK.TO today. This junior gold stock has been holding up quite well relative to most of the other gold stocks which have been getting killed. They've all got a nice bounce today so I am taking a bet on the stronger ones. Pretty low risk entry here above the 200MA with a stop below recent lows of 1.30. I am not looking for new highs or anything like that because I think there needs to be more time for base building or even lower lows for most gold stocks but I may get a nice pop back up to the resistance at 1.60 which is basically the 1.30 to 1.60 range.

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