PRX 0.00% 0.2¢ prodigy gold nl

"ABU does not move!"You bought in at 2.1 and it's now 2.9....

  1. 14,431 Posts.
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    "ABU does not move!"

    You bought in at 2.1 and it's now 2.9.
    You're a hard one to please!

    It didn't move this week maybe because we already knew the results would be good and any new positive news may have been offset by profit takers selling into the news. We also saw most producers pull back on recent strong gains.

    DRM trended down strongly even after having its ML and hit a low of 35c in June. Since then it recently hit a high of 1.10. These things just pick their own time when they move and it's often difficult to pick when a move will continue or stop and pull back again.
    Sometimes you just have to do your research and if confident (and your not a short term trader), just wait for it to reach your idea of fair value.
 
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