RE:RE:Hanging on but this sector is getting crushed Those kinds of gutsy decisions can be well rewarded. My first buys were in the $1.20s and $1.40s and enjoyed the ride taking profits into the high $3s. I never liked being out of the stock though as I continued to monitor the story so my costs now are $3.20, so I'm down a healhty -45%.
I think I'll hold because the story + Goldcorp's investment could bear out over time.
Found this article from about 3 weeks ago, might help keep some hope alive here:
https://www.petroleumnews.com/pntruncate/861740246.shtml
Retiredat40ish wrote: I am doubling down. When there is blood in the water you invest, gold price is falling, this is an excellent time to get in at a reduced price. I will continue to average down because I still believe in this story. However, I am thinking a year or two out.