Monday, March 19, 2012

Speculative Play - Sutter Gold Mining (SGMNF.PK)

As mentioned a couple posts ago, Sutter Gold Mine (SGMNF) had some good news last week about their gold drilling results. Today, the stock had a good run, up about 20% on some decent relative volume. Keep an eye on this over the next few days.  The stock could shoot up or fall back to support...or lower. I'd like to see increasing volume to support an increase in price. I still have my shares and will be holding longer term (3-9 months for now) until I see a change in the company's prospects.

Good luck!
JP

No comments:

Post a Comment