Placer_foot

Happy Friday Gang....


Yet again, i'm back with some helpful info for all those that play the RESOURCE sector....



SELLING RULES FOR GOLD AND PRECIOUS METALS STOCKS


Selling rules should be written in pencil, be flexible and be subject to change as markets change and develop.
• Always have an exit strategy plan backed up by a "what if" strategy.
• All sectors eventually become over-owned, over-loved and over-priced. When this occurs, "sell one, sell all", to avoid overstaying the market sector.
• If overcommitted, sell down to a "sleeping point".
• A good sale can be a good sale whether it gives you a small or large profit,
breaks even or suffers a loss. It depends upon what happens to the stock after you sold it and to what use the proceeds of the sale are put and bears no relation to the original purchase price.
• Sell when you can, not when you have to - "He who will not, when he may,
may not be able to when he must someday".
• Never answer a margin call; the first call is never the last one. In other words, sell out the margin element of the account to cut your losses.
• When the gold sector shows signs of a temporary peak or seasonal correction, sell the "tall cotton" or speculative, overpriced stocks first. Strong winds tend
to blow hard on high hills.
• Never sell merely because you think a particular stock is overpriced. Go against your own psychological makeup and sell your losses first. Most of the market's biggest winners are stocks, such as silver stocks, that in a bull phase appreciate to several times any semblance of logic or fundamental value. Many sector bull markets are characterized by increasing price/earnings multiples and higher valuations.
• If key managers or geologists/engineers leave a company, consider leaving with them.
• Sell if the stock is not keeping up with its peer group within the sector.
Whenever there is a large difference between the median and the mean appreciation in a given sector, it is more important to "ride the leaders" than to avoid
the laggards.

...there you go Gang.... have a good weekend Y'all ( that was my best U.S. impression....)....