RE:RE:RE:RE:Excelsior's PortfolioWhile we are sharing, I found SCZ back near the last peak, from a newsletter by Matt Badiali when he was writing for Stansberry. I started buying at USD $0.70, and I have chased the loser all the way down to $0.03, yielding an average buy price at around $0.20.
So now, I'm sitting on a far too large bet on the revival of silver as an industrial metal and continued currency debasement. 2020 has been the best year ever for me as an investor, and 2021 is shaping up to be as good or better.
The question is now - what are my exit points? Do I follow my trailing stops? Do I have the guts to hold on until we reach my target valuation?
If we get to $1, I will have caught up to where my portfolio would have been if I hadn't been so intentional (and so wrong for so long). If I can hold on until we reach $2 per share, then I have different options to consider.