Tony: Founder of KhronoStock.com and KhronoStock Blog Network
KhronoStock contributor Mike of movermike.com wrote the following article about Randgold Resources, a stock that we currently have a short position in. Based on the article, he points out his disagreement. Mike’s article demonstrates the complete independence of opinion between KhronoStock’s contributors and KhronoStock’s subscription service.
From Mike of movermike.com posted on 07/20/2009 on KhronoStock.com
If you subscribe to Khrono Stock Pro, you know that it has been 100% accurate with its option recommendations since the beginning of 2008 and has been right 9 out of 10 times with its stock recommendations. I just received an email from them addressed to all subscribers, in which it looks at its most recent short recommendations and how they are doing in this market that is up 8.6% in six trading days.
The one stock I take issue with in the list of shorts is Randgold Resources (GOLD). These three charts illustrate why:
The weekly chart show a pull back to the breakout ($56) and MarketClub issued a weekly sell signal at $65.68
To my eyes, the monthly chart reveals a large congestion under $56 for over a year since March, 2008, then a breakout, much like I’m expecting with the commodity (XAUUSDO). As you can see the high since the breakout was $74.
Now here’s where it gets interesting. GOLD is right at the down-sloping trendline on the daily chart, but the commodity has given a weekly buy signal today and GOLD will too, if the stock trades over $67.73, which buy the way would break the down-sloping trendline. I don’t think it is a time to be short the precious metal stocks, but I’m a Gold Bug and I’m positioned on the long side. Stay tuned!
3Min’s comment is deleted due to breach of subscriber only information.
This is my message to 3min:
This is a guy who somehow has this grudge against KhronoStock and its affiliates. I have no idea about the reason.
So you are a subscriber who is bashing Short-Stocks.com? There is no way you could have gotten that record from the public record unless someone who subscribes gives you those positions.
Yea some positions are at a loss but they are not yet closed. 100% accuracy for our options is a fact for Short-Stocks.com. Why don’t you share that with people as well? If you are a subscriber, what you are doing is illegal. I am going to find out who you are one way or another. If you are not a subscriber, then what you are doing is theft and should be ashamed of yourself as well as your accomplice.