Sentry Select Primary Metals Corp SPMLF

Too easy to manipulate

[coolslug1]

The reason PME is not as popular as it's sister MMP.UN is PME is so thinly traded compared to MMP.UN.  This morning is a good example of this.  All it took was one sale of 200 shares to drop the price of PME over 2%.  PME dropped 5 cents with the sale of just 200 shares.  I could have brought PME's share price down 10% by selling just a couple thousand shares.  MMP.UN on the other hand dropped just 1% this morning and it took 5,568 shares sold to do that.  A sudden drop in the price of gold could be devistating to such a thinly traded stock as PME.  I own both stocks but PME is the one I jump in and out of  while MMP.UN is the one that I tend to hold closely.

[mouserman]

I dont go by the market depth on these stocks, as i am sure you know the ATS hides the true market depth and even the real actual trading numbers are not reported by Canadian banks brokerages. At this point in time , MMP.un is down 3.6 % and PME down 1.7 %... I will stick with the better value and the higher yield. To each his own.

[coolslug1]

A rough day for both PME and MMP.UN.  MMP closed down -3.68% and down even further was PME -5.11% for the day.  Hopefully, investors will come to their senses tomorrow.  

[mouserman]

Yup had some cash laying so grabbed some more PME at 2.25 today.  Portfolio for both funds likely Iost about 4 % today. Nav after yesterday was 2.6948 With some cash obvisouly on hand to pay distributions coming up, i figure PME lost about  10 cents off the NAV. So I  figure should be about a 14% discount to NAV for PME if you take the last little trade at 2.23 as the close..