Although I am currently out of EMP I have made good money trading it over the last 12 months. In last 2-3 weeks I bought 50k on weakness at 58c and sold them last thursday/friday/monday at 70/71c. I have $20k off the market expecting a retracement and some volatility downward on gold stocks. A short term propsition came up with TNY and I have taken the risk of trying to pick gold on a down while TNY comes up with the goods re its aquisition of Ericson EDS division in NZ.
I am sure you will be safe and buying a gold company (EMP) with exceptional upside, especially if you are looking for a 2-3 year play. Have a look at the stock reports that are posted at their website www.emperor.com.au or some of my previous posts on EMP.
I feel that it may be about to rise to the mid 80's if gold holds, but I am hoping for gold to retrace to the low to mid $350's for some volatitilty and a chance to get back into EMP at 65c or so (hoping my timing in TNY is right on the money), that is TNY gives me a good solid rise to 8-10c on announcement and I can profit short term to set myself again in EMP.
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