RE:Critical weeks to come with many Well said Chester. I've been down this road and I've been keeping up with all the market news. Next few months are going to be extremely volatile for the gold stocks. That being said, the higher highs expected in gold stocks are greater than the lows - at least that's what I keep hearing from analysts. A few things to keep in mind: 1. all the junior miners should show low cost for exploration drilling. The price of oil is low and that's essentially 10 to 15 % cost saving, and; 2. The juniors are the hottest play at this time - it's just finding the one or two or three that are going to hit it big. As for the greed factor you hit the nail on the head with that. I lost huge on bio pharma. Jumped in at .50 and the stock shot up to 16.00. I was so confident that it was going to triple based on positive test results - well that did pan out. Moral of the story...greed kills. It's hard to pull the plug especially when you see the numbers in your account double or tripple over night. The euphoria is overwhelming! You learn from the loss and move on. My only question is how long do you stay in a mining stock? If fvl has great results and this stock jumps, do you cash in nd move to the next possible play or hold in anticipation of future positive results? Thank you.
Chester55 wrote: Factors that could affect SP. It's a tough time right now to be holding Jr Gold stocks with many factors playing into it.
1. Covid 19
2. Market manipulation
3. Gold prices (also manipulated)
4. Presidential election
5. Economic downturn
6. Of course drilling results
7. Timing of drilling results
8. Other markets flourishing
what's in store for FVL? One can only hope POG does not go down, in the midst of drilling results it's painful to wait and also would be painful to miss a big hole result giving a 30% gain for the day. We just experienced a $0.80 pullback from the 52 week high of $1.95.
I might just see how things go here next week. We might see more pressure to sell and or the stock might slightly recover because there are some very important holes pending.
As for me I'm going to try and keep picking up stock at a good price and hope for the next release results.
Am I kicking myself for not selling some at $1.80 and $1.65 and $1.40....... YES but that's the game. Sometimes having too much faith or greed can do that to a guy. These things take time and I was a little too anxious I guess.
it's an exciting time so let us remain patient and leverage with this stock price drop and cash in when gold results come!!
cheers