iGO Tianqi, page-270

Hi arsenic ..
I hope you enjoy the largesse.
When I posted that update on the PLS forum it was panned by close followers of pricing and prospects, and - as noted on the relevant HC thread at IGO [Resources and Energy Quarterly Update ] - they have been wrong before, but profit is profit and these prices are well over the $11 analyst consensus of mid-December [ref].
Congratulations

Currently my goal is to acquire rather than sell but looking back to the little chunk I bought in my (ostentible) trading portfolio at $9.83 on December 7 and seeing more than 20% profit *does* make me feel a bit uneasy.

@Saragian hello if you are out there, and kind thoughts as always, and I seem to remember you had a buy sentiment on your last chart of IGO.
And I read (a bit too late at another company ) that when a sector goes into such blue sky pricing a smart tactic is often to just sit tight with a trailing stop loss and wait for the frenzy to stop.
But IGO (and some others) *are* priced way over most analyst targets … which surely means the institutions those analysts represent are playing ‘musical chairs’ at present - wanting to take profits but also stay in the game, pushing each other until ‘the music stops’ ?

I would appreciate you sharing your thoughts if you have time please.

cheers