I have been holding a large quantity from the 3c level which is a core holding, I have also traded in and out depending on momentum, I have a price target in mind before I would even consider selling out, what often happens with spec companies like EXM they surge on good news and often overshoot a reasonable valuation much like FDL,RAU did.
Given that EXM has already got 530,000 oz's of high grade gold in a JORC resource and very substantial land holdings very prospective for gold/uranium I don't think EXM is yet anyway overvalued, as an investor/trader you have to ask yourself if you think EXM will find any more gold if you do, for every 500,000 high grade oz's I would add on the conservative side 2 cents per share.
So basically this is how I am trading EXM
if they find another:
500,000 ozs SP 6c
1 million oz's SP 8c
1.5 million oz's SP 10c
2 million oz's SP 12c
(which is the company' target)
like I said I have a price target in mind to get out and we are no-where near there yet.
each investor needs to have a trading plan when entering a stock I use momentum and simply trading plans as a guide.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 295 | 3.380 |
1 | 1860 | 3.370 |
1 | 295 | 3.360 |
1 | 152 | 3.300 |
Price($) | Vol. | No. |
---|---|---|
3.410 | 115549 | 2 |
3.440 | 70 | 1 |
3.450 | 20000 | 1 |
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3.480 | 295 | 1 |
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