I still have about an 80% confidence level that DROOY will hit at least 6.00 this year, when POG does a surge at 350.00..But when bullion starts to move into stratosphere, it is easy to get caught up in the hysteria...I remember in the 1980's, I bought a bunch of penny gold stocks...Wow, I would be rich...Well, I want to tell you,I held onto those stocks, thinking they would come back, and today, 95% of them are worthless...The one exception was Richmont mines, believe the symbol is RIC...
My stops at this point are mostly trading stops, as we continue to trade the bull market...But eventually, I will lighten my positions(won't be trading 20,000 shares of DROOY), continue to set stops, and not allow the trend change to destroy me....
Regards, Mark |
