Goldtent TA Paradise

Canadian Zinc

1. Karl says:

   July 17, 2016 - 4:15 pm at 4:15 pm

   EagleSeagle or anyone —
   If you have time and indulgence, please educate me. This set of charts seems typical of why I don’t pay a lot of attention (very possibly my defect) to a lot of TA, other than quickly glancing a chart and maybe an oscillator or two–and if I’m really interested looking at a chart, maybe an indicator or two in several timeframes.

   Over and over again I come up with this situation of a bunch of charts saying that either one sits or one doesn’t sit. I believe all these lines taken together saying sit or don’t sit. Knowing a bit about the company’s details (how well it gets along with locals, whether there are potential environmental complaints; how well zinc and silver might or might not do; how competent and decent the management might be also the local government/regulators; and so forth)–these things help a bit. Knowing how much I can afford to bet helps and what else I hold also helps me.

   I know what I would do in this particular situation, but I’m not sure all these lines really would help me taken alone. I wonder whether they are simultaneously way too much and way too little. How am I wrong in my thinking? Let me know, if someone has time, please. If no time or indulgence, don’t bother. Plenty of other opportunities will exist, or I can draw my own conclusions, slowly.

   • Plunger says:

     July 17, 2016 - 9:57 pm at 9:57 pm

     Karl,
     Thoughtful comments. Especially about this company. The #1 thing I want to know about CZ before I invest in it would be why is this management team is different? Take a look at the long term chart of this company… as in 40 year.. Its a downward sled. Matter of fact it is the same orebody that the Hunt brothers put together to corner their silver market. It was going to be their mint so to speak. That was 40 years ago and still not producing? Why not? After all of these questions are asked answered the I would like to know how they are going to get there. from here, how much skin do they have in the game?

     If all these questions answer in a positive then I am going to look at the chart. So yes the chart does look interesting in the short term but how does this fit the history and grand scheme?

2. EagleSeagle says:

   July 17, 2016 - 10:37 pm at 10:37 pm

   Thanks Plunger…Karl, CZ’s chart was a laggard compared to the other basket full of mining stocks I was monitoring. The reason I mentioned the chart several days ago was due to the fact many goldtenters were upset over missing the initial bull run in the PM juniors. My entry was based strictly on technicals and a bull flag formation. This has been a short term trade. Again, thanks Plunger.