Suggestions????Just looking for some advice/suggestions.
I am a big believer in silver and have been for the last 10 years. I have been invested in and out of silver companies in that time and haven't really made much money...until recently.
I have mainly been invested in Silvercorp and Great Panther putting all my investment eggs into silver and really just these two companies. I got tired of watching the other companies (like First Majestic) doing well while my Great Panther was doing nothing. So I sold 2/3 of my GPR and bought some FR, EDR and SLX.
I bought 2500 shares of FR at 5.53 last September and have been really happy watching it gain in price.
I haven't sold, as I really believe that silver is going to go much, much higher. But my wife is saying SELL!!!!
Today, this great company is continuing to rise and the pressure is increasing. I feel that this could easily be a $40 stock (or higher) if Gold/Silver continue higher as I believe they will do.
I know everyones situation is different but....what would you do??? Sell a little bit? Sell it all? Watch it rise????
If you are in the watch it rise camp, what exit plan would you consider. How high could it go - how low could it go?
Really appreciate any comments. I am strugling with this. Don't want to be greedy....or foolish.
As they say in the song the gambler:
"You got to know when to hold 'em, know when to fold 'em, know when to walk away and know when to run"