"The problem with these stocks is that they are moving much faster than the POG and may have gotten ahead of themselves (some may still be running at breakeven or negative cash flow even at US$1380. A switch from something like ABU (expected low cost producer) now to jump into those high leverage stocks might be quite risky as some of those must be more vulnerable to correction now (as ABU was after moving from 2.1 to 3.9)."
That turned out to be a timely post. Three of those better movers down 7-8% today. SLR doing better at only 4% down. Not that big a deal if you bought a few weeks ago but probably not pleasant if you bought late yesterday.
ABU Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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