Price is landing on an important support area. This a gold and copper mining company, the stock pays 4.5% dividend yield. I see gold going up in medium term, next year I believe gold will be trading around 2200 and will pull up this stock. I own this stock for the dividends and I believe is going to hit the 45 next year. I'm collecting the dividends while I'm waiting and also selling covered call at every correction. Good cash income if you're a little patient. I don't have a SL because a I use this stock for passive income.
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Doing well:
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I'm going to add like a ton here. It's going to explode:
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Nice bounce from the trendline. I bought a ton of calls exp March, strike 41.
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38 is a key level, if it breaks it down I'll sell my calls with a loss:
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This horrible stock dropped back to the long term trendline, apparently likes to do that, has done it before. I'm not going to waste more time and money on this one. At the end I held my calls. I hope for a hard a bounce but I'm not trading this again. I rather buy GLD calls which I did today.
