Prophesy Sell Alert: Take a 220% Gain on AG Calls

We made a case a few weeks ago that the correction in AG was an excellent buying opportunity. By yesterday’s trading session, AG blew past our target, closing above $22. With a large short position, AG has been a momentum favorite with the Reddit crowd. We believe it has become overbought in the short -term. So, let’s sell now for a big triple-digit winner in just two weeks.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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