Bizarre day...Now that was interesting. I hold about a dozen precious metal stocks, and on a day that gold and silver hit new highs, all but one (SPA +14%) were down! TUO I can understand, because sometimes the market is so thin, you get these crazy price swings. For my portfolio of precious metals stocks however, I'm really scratching my head.
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When TUO took that big drop today, I put in a bid at 30 cents. I didn't really expect it to get filled, because I thought the TUO would just run right back up. Surprise, surprise, I'm filled. Very good, now I'll just put in a sell order and make a quick 10-15% when TUO rebounds. Hmm...gets close...but no fill. TUO then trades right back down and even heads below 30 cent entry level! Wow, didn't see that coming. I'm a little over-weighted in TUO now, so I'll look for an exit in my swing position over the next couple of days.
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Gotta see the humour in this, or I'd drive myself crazy. Have a good night all!