Re: retracement
in response to
by
posted on
Aug 08, 2008 09:54AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Robbertop.... taking half your position out likely turned out well, now in retrospect (hopefully you took it out when the price was a lot higher), but if you are planning to get back in with the same $$ or number of shares, don't wait too long and miss it. By now, when you can buy at today's levels, you should be able to feel good about having made some gains. Now, if you figure on buying back at $1.45, for example, so as to gain yet another .13 per share, you might be lucky and get it, but if you don't, you could miss out on the growth that WILL come on those shares because you might not have them at all! JMHO.
Of course, we make our own best efforts to find the right points to buy in and sell out. I just know from experience that trying to squeeze just a few more pennies out of a play is sometimes counterproductive and results in lost dollars.
NL