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You could try averaging down? Yeah the POG is up , but not...

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1,155 Posts.

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12/05/21

18:09

Post #: 53130200
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Originally posted by MostlyReading: ↑

I've been genuinely surprised by the breakdown in the CHZ share price. Plenty of other discoveries have been rewarded while gold has corrected.

Whatever, I was wrong. The price action is the price action.

Looks like the gold correction is ending though...so will a stock that has underperformed during the correction outperform during the breakout, or will it just catch back up to where it was? Are you better staying here (which I think is fundamentally undervalued but the market thinks is fine) or switch into something that kept trending up while gold was trending down?

Will the under performer benefit from a double whammy or keep on under performing??

Wish I knew the answer. I do know it's harder to sell something for a loss to switch into something that will gain faster than it is to wait till breakeven and then switch. Which makes no sense at all. Emotion is a funny thing.

So yeah, my sentiment is buy, but I've been wrong since late October.

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You could try averaging down?

Yeah the POG is up , but not firing yet!

Maybe when it tops 1900 then CHZ may become attractive.

CHZ Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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