I have owned NGD in one form or another since the old Metallica (MRB) days around a buck. Up we went with MRB to around 6, sold a bunch and rode the rest into the New Gold merger and down to the ridiculous undervaluation below a buck. This was of course a gift from the market and it was taken full advantage of not only with NGD, but also with then independent WGW (now merged with NGD) at some crazy price like .35, MFN under 3, JAG under 2 and so on. Crazy.What percentage of people were buying the gold stocks then vs. now? I wonder. Just as it was gut wrenching to buy then, it is agonizing to sell these beloved darlings now. I have done some selling and in fact sold some NGD at 2.20, buying back at 2.10 - yeh, brilliant, I know. But the tenor of the sector changed and I do trade. Sometimes taking great profits and sometimes undoing mistakes - quickly, which is what I did here.
Anyway, here is NGD, fanning its way up to target. I am not sure what I will do with it once it gets there because I can now afford to ride some of this stuff. I will review the goldies thoroughly in NFTRH34.
Separately, just to reaffirm that it is not all genius all the time here, the SYMX trade is looking rather lame. I have not as yet dumped, but that may happen shortly. I suppose I can afford to take a little while to evaluate. Tough market out there folks. Risk and all...
