(This post was last modified: 2015-08-19, 07:56 AM by pcabc.)
RE: US Stocks - Watchlist and Discussion (Premium)
(2015-08-19, 06:26 AM)JimStudent Wrote:(2015-08-18, 07:53 PM)gbarbs Wrote: It may or may not be an ideal short but certainly not a buy here for me. I think I would be trying to guess a bottom.
It may not be a bottom yet but Junior goal-mining companies are down 85% as a group in less than five years. I am sure they can go down more but I would think the opportunity to sell short has passed.
I've put a number of gold miners in my screener and I calculate breadth for this group. I'm not sure whether this is a valid for a sector and frankly a small group of stocks chosen fairly arbitrarily. Breadth chart below. I'm not sure whether it is a good shorting option or not. However, it does look like it is not going up anytime soon.