After freeing up some capital and running my screeners at TDAmeritrade, I’m looking to jump back into GTE. I’m looking for the price to move in the range of 7.04 – 7.60 where it’s been recently. I made a few quick turns in 2009 and 2013. Checking back on my spreadsheet, I realize I made an error in my original post. My first trade was 19.15%, not around 9% as I first wrote. That was about a three week turn. The second trade netted 11.4% in 12 days and the last trade returned 14.4% in about three weeks. The annualized returns are just ridiculous… I should have just kept trading GTE instead of venturing over to Africa with HMY.
This is what I do, posted for entertainment and educational purposes only. You need to consult your own experts and make up your own mind. You could end up holding onto a dog gold miner like I did. 🙂