One of the things they teach you in Market Genius 101 is that an overbought stock can remain overbought for a lot longer than you can patiently wait for it to come back down.
Hence, Great Bear Resources has been a rare exception for me and has been ‘hands off’ where the sell button is concerned. As long as they keep poking holes and filling in the resource, and as long as I am a gold stock bull I’ll stay with it and not sell. As of this moment it’s +198% and it’s my largest position by a mile. It started out large relative to other holdings, but the relentless stock price has bloated it well beyond my normal portfolio risk management parameters.
Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.