Last week when MOY was in the 30c s, I had a dilemma: I think the gold price might drop heavily, then come back up in the 1st quarter 2017. So should I sold my MOY and buy back at a lower price?
I struggled for a long time, then decided to hold most of it.
The reason is, market timing is a hard thing. I might miss the chance to buy it back. Or I might lose confidence in the low. Then I would sell a stock that worth 40c or 50c now (in my opinion) for 30c.
So I sold my other gold stocks, reduced 30% of my MOY holdings. And I will only sell my rest MOY at more than 50c.
Still learning!
MOY Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held