PMMEFHello & Happy New Year,
I have been following PMMEF for quite some time. I bought a bunch at 44 cents after it came down from a high of around 80 cents. Since then, it has fallen steadily to 14 cents as of today. This stock drop seems to be at odds with reality in that I think this stock holds great promise. Now that it is at 14 cents, I am thinking about buying more. Perhaps I am too far into this to read the tea leaves. I would appreciate any commentary thoughts from the at large group on this.
Thanks.
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I have been a gold and mining investor for over 10 years and experience has taught me to avoid buying when the trend is on a downward slope like PEM.V has. I also try to avoid all pink sheet stocks and buy them direct on the Toronto or Venture exchanges. I have two trading accounts, one at Fidelity and one at Interactive Brokers and both of these allow me to trade internationally. Since Dec 15th Premium has been in a continuation pattern around .14 but before buying I would wait and see if it breaks through the area around .30. The next area of resistance is .40, followed by .46, .50 et al. So it’s a bit of a rough ride up. The gold stocks I currently hold are: AUY, BRD, EGO, GG, MAI.TO, NAK, RBY, TGB, and UXG. Both NAK and TGB have a major focus on copper but the two metals tend to co-occur. Best of luck.
Hi Philip,
Thanks so much for your insightful reply. It has been a rough ride down to 14 cents.
Burt