share has been in decline for some time. indicators are oversold (short term). in times of gloom and doom aren't gold stocks a good bet. even the HEPS and DY favourable. anyways......i went long today. lets see how that pans out. Agree / Disagree ?
I think that you have done well buying at the current level...I am also in but showing a 20% loss...Luckly I am not geraed on them...They will come back...Just waiting but it is frustrating. May have to wait a long time?
i never trade in gold stocks,except pan.....changed my mind and got in and now regretting it big time!!! also down over 20%.long term i'm not worried,but i don't like to wait so long...i'm more of a trader. better not say that here,will get crucified.
It's been my experience to rather take the loss now than sit with the paper loss. I have been in the exact position before - sat stoically with loss convinced that the market with turn 10% bcame 20, 20 became 30, 30 became 40 and so on.... I don't use stop losses but I know when a trade becomes a null trade. It's better to get out early and trade / invest another day.