Alan - agreed! UKH closed at C$.90, and if you join the last two peaks (on those day's trades), which were actually at C$1.00 and $1.50, the upper-bound of the next high (during that day's trading!) could see it touch $2.00. So, perhaps we can say that $1.60 is attainable, with a $2.00 peak on an adjacent or same day. Actually, stocks don't seem to like round numbers like 2 or 3, etc., so perhaps $1.95 would be a better estimate for a peak, taking into account the psychological factor ...
We mustn't forget, as the price of Ag-Zn-Pb rises, so does the amount of ore in their mines!
Next question to ponder: Tactics: Does one sell part of one's stash at these price-points to wait for a pull-back before buying back in, keeping, say, half invested in case it goes even higher before unloading more? Or, does one go through the next top, then watch it come back again (back-filling), and riding the next wave to $2.50 -> $3.00?
Comments?
Harry K.
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