Pls be my guest and take a position and a big one if you have the risk capital to play with...you have my blessing. ...Best of Luck.
I have merely pointed out that they have not announced anything ..and may never announce anything further RE Mongolia acquisitions. Unless there is a leak this rally is supported by nothing more than thin air and the higher it goes the thinner the air that supports it ...caveat emptor, greater fool theory...etc etc
Peronally I have been burnt more often than not by such "air" supported rallies and I've seen hundreds of them. My philosophy is to now wait for the news then if I deem it good enough enter and there is plenty of time to enter afterwards and still make a killing... Simply I protect my captial at all costs ...just my trading guide which has been hugely successful thus far.
So for those beginners out there I say don't enter any spike unless there is a solid story to back up the current M.cap unless of course your threshold to financial pain is high or you are a long term investor. If you can't help yourself then take a small position and run a real time (ie intraday not EOD) tight trailing stop of some kind. Preferable that it automated, quickly executed, reliable and not visible to anyone who could have a vested interest.
Until they ann something there is no story.
As I said earlier it is interesting to watch the same patterns repeat over and over...the more experienced investors will profit from this predictable behavior.
All is IMHO, DYOR
TPL Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
