1. Hedging at around 1300usd will limit revenue as the POG climbs higher;
2. The sp has had a good run lately (over 30% in the past month) and has just spiked (RSI is well over 80%)
3. Resistance late 2012 at this price ($3.50 AUD) will IMO provide some resistance (for next week at least)
But I do like this company (which is why I bought into it in the first place) and so plan to come back in once its price dips again.
BC
OGC Price at posting:
$3.44 Sentiment: Sell Disclosure: Not Held
