AUY really skyrocketed from the $15 support I noticed in my last blog. My target of $18.80 has been exceeded to the amazement of many fellow traders. Volume has been heavy. Today saw a lot of profit takers, but not me. I am trying out options trading, and a few days back i sold a $20 call on my position. The calls price ramped up along with stock price so I felt kind of like I missed the boat. However, since I have long position, cant feel too bad right? Anyway today's decline broke through short term support and day traders should have sold. I predict further weakness as options date gets closer. I suspect we will see $16 before $20. I will continue to hold (unless something catistrophic happens) while I build up my options experience. After my options expire worthless, I will go long on additional shares upon good support (If we hit $15 again) and repeat the options selling.








