RE: at my target... so now whatGlen,
It turned out to be a little above 1.60 on average but yeah, I sold. I realize I'm being conservative and maybe overly so. However, the markets have been absolutely brutal and what's been working well for me is to look in smallish gains (like 10%) as quickly as possible. You have to understand that I had averaged in at 1.36 so this was a 17% gain in a couple of days. I am going to be watching closely and might start getting a little less conservative once i see the markets getting out of summer doldrums.
I do understand it's close to bottom even in this range and I am not suggesting others sell or anything. This was just the decision i decided to make in keeping with an approach that has served me well the past few months. I've missed a few doubles (or better) this way but have been steadily making smaller gains (and did get a couple doubles). Please don't interpret my sell as negative commentary on the company. I am likely going to buy and hold this one once we're past financials and I see a more confirmation that U prices are rebounding.
I want to shift into some gold plays given the huge correction on POG recently.
Anyway, good luck to you too.
Mark