how far will this retrace go, page-3

Having thick skin is the order of the day with IGR, guys! As most of the recent upside (and downside) has been driven by day, not professional, traders we will continue to see movements like this in the share price until we get a resource upgrade, or some runs on the board.

The great RMS news has obviously been the focus of many traders over the past week and to be fair, why not? I’m sure many good stories have been dumped as a result of taking some fabulous profits.

On the IGR share price, 15c, 16c, 19c, it really doesn’t matter unless you are actively trading it. I don’t prescribe to day trading so it doesn’t worry me. I have held a very large parcel for 2.5 years so far, at an average entry price of 7c and will continue to do so until it goes a LONG way past 30c.

June 30th is only around the corner and under normal circumstances I would think that with no news the share price would continue to drift sideways, and probably down. HOWEVER, we are promised the results of the remaining drill holes at Salt Creek very soon. That should be very exciting if they kick up similar results to the first round. Much drilling is under way, some great targets lined up, Resource upgrade in July, Borthanna drilling by Barrick in the July-Sept QTR.

SO READ PREVIOUS POSTINGS to see what’s happening, and why this stock rocks.

DYOR and remember, this is only my personal, very biased opinion on a great stock to hold for the long (and who knows maybe very short!) term.

T!