Lol. Must admit I bought FDL yesterday and sold on open today.
Makes for an interesting case study. How can FDL zoom to over $100m and YML has to creep there over 9 months?
It was a no-brainer yesterday with FDL. On the fundamentals - yes it was probably not justified (no drilling, modest grade), but one can never ignore market psychology when investing. The combination of big somewhat justifiable target, nearology, hot commodity and 'twiggy' factor were always going to see FDL close on a high and open higher before sellers swamped.
It's called 'blue sky' and the market loves it. That is why I am waiting for some news from YML on their other ground in and around Tom Price etc... With the lull in drilling on the main project we should see some announcements on their other ground as well. Won't be like FDL - more reserved, but it will determine whether I increase my holding.
YML
unknown
Lol. Must admit I bought FDL yesterday and sold on open today....
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)