Goldcorp GG

[tigerlam92]

I was lucky to get in at 36.13 and it's popping.

http://stockcharts.com/h-sc/ui?s=gg&p=D&b=5&g=0&id=p09745430750

I wonder how high this can get.

[BWong]

GG will only go as high as the price of gold goes. It also tracks the dollar price as well. Gold goes up and the dollar goes down, GG goes up.

Gold topped a bit over $1,000 twice this past year and GG has hit $40 once or twice as well. If gold goes up, so will GG.

GG allowed me to double my money over the past 6 months.
Whenever there is a panic or bad news comes out, the gold price goes up like it did today.

Good you got in at $36. I always wait 3-5 days before buying when the price of gold falls as GG goes down with it, then I buy and wait as the gold price almost always goes back up.

[stockguru77]

is this the good Gold stock for a new investor?

[BWong]

This is had/has been a good stock for day/swing/position TRADERS. It goes up and down so much during a day/week/month that to apply the word "invest" might not be right.

GG may go up as it follows the gold price closely, however, it gives a .01 cent per share dividend/nothing and when the gold price falls, so will the share price.

GG went over/closed $41. I'd not go near it as the price could fall at anytime along with the gold price. The renewed worldwide fear made many go back to gold the past few days.

[BULLSEYE]

Im all out of HL and NEM. Held calls on both. I will wait for a pullback in gold and it will then push through 1000 imo. 1000 is a hugee mental wall for gold bugs.

[tigerlam92]

Just exit at $41.5

Good luck all.