Loading ...Fast Times at Richmont Mines
Everybody’s Looking to get on board a potential 10 bagger
Well….this is what it looks like
If you Bought Richmont at the beginning of 2016 and held till now you are up 200%
BUT
If you bought Richmont at the beginning of 2014 ( in the middle of the Worst mining bear market in history) and held till now you are up 1200%
This is NOT a typo
This is why Spock has been buying penny stocks with the right Fundamentals in the right Locations and the right History
Now What ?
Buy Sell Hold ?
Hello FGC…the decision tree should always be a function of your strategy and where this stock fits into it…I have an overall bull market strategy when it comes to gold and the Miners….within that strategy are two subgroups….Bull hold and Bull trade…..Richmont needs to be addressed depending on which bucket it was in….
I sold out of MUX last week, it was in my trading bucket…..up 86%, if it pulls back as some think (especially the EWT guys) then I will jump back in….if it takes off and keeps going, I will wish it well…remorse cannot not exist in a traders mindset…trade the NOW
What now? take a Casey free ride and then let it compound the length of the bull market…pretty simple
Hey Plunger…do u see symmetry vis a vie Bear to Bull? I.E. 5 year Bear Market=5Year Bull?
Love me some Richmont. I remember buying a chunk at 2.74… great days they were.