RE:This for thosedart321 wrote: selling here to get into mining plays. First let me say I don't think anyone care if you sell here but this is so you understand what you are getting into when you buy a mining stock. I know I invested in mining stock exclusively for mega years it feels like. Well over 40 years anyway. Now I stay away from them like the plage.
Here is what is happening right now with these plays. Note the huge venture exchange daily trading volumes a few weeks back ( well over 300 million shares a day ) Those where the institutions buying early. Now note the trading volumes these past two week ( down to the low 200's ) those are the small retail coming late to the party and buying the institutional stock as they are selling taking profit. Now the retail is stuck in a stock and watching it go sideways to lower over the summer until the summer drilling season is over and the assays are complete in the fall. Then if you are lucky there is good assays and the stock your in will move up substantially, 99% will have poor assays. So over the years this is what I have learned. If you want to buy a mining stock that is doing some drilling over the summer you wait until the assays are released in the fall and if they are good you buy in then. You don't trap your money over the summer. Remember all mining stocks on the venture exchange are sell in may and go away.
Meanwhile the summer here will likely be spectacular
Check out how he is pumping over on the NTY board. But no, he avoids them like the plague. LOL