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Triple Top or Basing 4 A Move Higher?

Posted by StockBuz on May 22, 2011 at 12:17pm
THM, a Canadian small cap silver/gold miner, is doing one or the other. My personal belief is this will translate into a classic triple top, breaking support and fall to the low $6 area as miners margins are being squeezed by higher labor costs but I'm not Mr. Market. If you're bullish, one could try a long here with a close stop below support however if you agree with my thesis, get short on a breakdown and ride it like a pony

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Tags: triple-top, short-ideas, long-ideas, miners, thm
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