RE:RE:New 52-week highI'm a stock picker and a contrarian at heart. I follow macro stories (ie. am currently increasing my positions in aging demographic plays like PLC, EXE, etc) and am trying to be strict about taking profits off the table when then present themselves. Used to swing for the fences and strike out a lot...could pick winners but never seemed to get out before something cratered and my paper gains became paper losses. Rode a lot of stocks up and down and have learned where my strengths and weaknesses are. I'm no longer trying to hit home runs; I'm content to hit ground rule doubles and leave some money on the table on the upside if it means protecting against the downside.
With TGZ $1.20 has long represented my target price for taking half my postion off the table, and ensuring a decent profit. That was long ago based on $1200-$1250 gold and production numbers around 200-210 Oz's per year. I accept that if gold keeps going up and production, exploration results, etc are revided upwards it could mean a slight revision upwards for my TGZ target. But we shall see.
Definitely reading other people's thoughts here, especially with regards to AISC, future production #s, etc help an investor like me.
Oh, and TGZ is my only gold producer. I'm also more into diversifying my portfolio these days.
Best,
El Joro