I sold out of ERM today, i was sitting on a very nice 100+% profit at 23cents, and decided the time was right to get out and take my profits whilst the buyers kept popping up at that price.
That being said, this is still highly on my watchlist and i will be looking to re-enter again in the future.
My thinking here was its the wet season up in NT at moment, and ive heard the real wet season hasnt even hit yet and it about to really hit next week, so i doubt we will see any drilling activity till mid to late February, so doubt to see any assays back from new drilling till around late March probably, thats 2 months away, and i dont think the next drill result due soon will be anything of significance.
Im really hanging out to see what the depper diamond drilling will bring, so ill probably look to reenter in late March sometime, so probably expecting price to drop a little under 20cents by then, so then i will reenter at those levels.
Had some nice support today though, but not sure that will last for a month or so. Good luck to all and i shall re-join the ranks of ERM holders in the future.
ERM Price at posting:
21.1¢ Sentiment: LT Buy Disclosure: Not Held
