Small Speculative Buy [Jan 24 update: and Sell]

By Travis Johnson, Stock Gumshoe, January 19, 2012

Just to keep you up to date on my personal portfolio, I need to tell you that today I picked up a few shares of Gold Standard Ventures, the pick that I uncovered for you from Phase 1 last week. This is very much a flier, based just on the speculation that the Stansberry teasers might drive it higher next week into their conference call or that they could possibly announce more news in the next couple weeks that gets people excited, but I do think the company is still extraordinarily speculative — they really are looking for something that they have not yet definitively found, and as far as I can tell they still might not find it, there are no guarantees.

This is also an odd example of a pick where I buy it and immediately put in a sell order as well, so if this happens to pop by 20% in the next week or so my position will be sold. If it drops substantially there’s also every chance that I’ll sell out of this speculative position, though it is a small amount of money at risk. For the next three days, I will keep it with the sell instruction in place to liquidate if it gets a 20% return … after that, well, I’ll let you know.

Sign Up for a Premium Membership

To view the rest of this article (and to have full access to the rest of our articles), sign up.
Already a member, log in.

Become a member