Sutter Gold Mining (SGMNF.PK) released a status report today, indicating that progress is being made to get their mine online. By all indications, the company is on schedule for gold production in the next 6-12 months....hopefully sooner.
That said, I continue to hold my small position from 0.22.
LiquidMetal (LQMT) saw no follow through today. Because it established a higher low, at around .25, I will continue to hold as it appears an uptrend has formed. My stop will be just below .25.
Again, these little stocks are very volatile. I rarely "invest" in these, but on occasion I find one or two that have stories or news that could create momentum. I wouldn't be surprised to gain 20-50% or loose 10-20%. When risk increases to this degree, its important to maintain proper position size to match the risk. In these cases, I take only a quarter of a full position. A full position for me is one tenth of my total portfolio.
~JP
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