> if its bad news then we are all .... aren't we.
1) for announcement spikes
Spec mining shares seem to spike leading up to announcements.
So just sell half during the spike.
Then consider selling the other half straight after announcement if its bad. Hold the half if its good.
2) for seemingly random spikes
Sell half shares during the spike. ( after ~15-20% gain )
If it goes back down after the spike, buy back your half happy you made money.
If it continues to go up, be happy you're making money.
If it ever goes down after entry, just hold on and don't beat yourself up about not picking the bottom. Its a very hard thing to do. And sit tight till it goes back up over the entry point, then apply either of the 2 above scenarios.
This is how I ensure gains on spec mining trading.
Its been working a treat for me on CSD and KAS.
Ren
discl: entered MNM @20c
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