RE:RE:Something to keep in mindI see the PP being filled very fast by a few institutional buyers wanting to get into zinc. TV is probably one of the best ways to do so and benefit from short/medium term zinc price increases.
Having said that, I do not think is worth the money to take this chance. My strategy since I believe in the zinc story is to way for any dips and keep adding.
arizonabound wrote: Kramaswamy ... $2000 profit is good. But I'm wondering .... is your rush to do this based on believing that the PP will be filled right away? If so, then yes, do it soon. But if you think that's not the case, then perhaps you double your profit by waiting to sell at $1.26, or triple it at &1.29?
What if after you sell and buy the placement, share price drops below $1.20? Then you've missed the chance to buy lower than placement price. I'm not saying this will happen, but selling at $1.23 tomorrow seems too early IMHO, especially if you pay high fees to do this. If anything, wait a few days before buying back in. Just thoughts ....
Good luck.
AB