No complaints from this end; the weather was frigid at the end of the month, but portfolio performance was fantastic.
Pot stocks: up
Gold stocks: up
Sweet.
Does January action imply that 2019 will be a great year? No. All we know is that January was good. Gold is far below it’s highs from a few years ago, and pot stocks are well below their highs from September, so we have a long way to run before we even get back close to those levels. I’m holding, at least for another month, at which point I will reevaluate and decide on next steps.
The logical strategy would be to start liquidating now, perhaps by selling 10% of the stock each time it goes up by some set amount (say 10%).
For example, TGOD.TO – The Green Organic Dutchman, IPO’d at $3.65 in May 2018, bounced to $10 in September, and by Christmas was down to $2.20. But, January has been great, with the stock peaking over $4 earlier this week, before settling in at around the $3.65 IPO price. Could it run to $4? $5? $10? Yes, it’s done it before.
So, the prudent strategy is to sell 10% at $4, 10% at $5, and so on, and then blow out the rest at $10. Or, do what many are doing and sell the stock, but ride the warrants.
Me? For now, I’m holding. When we see $5 again I’ll give it some thought.
For gold, the same. We are early in this bull cycle, so I see no need to jump off the ship at this point.
Steady has she goes.
More next week.
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Hmmmm
by JDH on February 9, 2019
Not much happened this week. January was a great month, February has started with nothing remarkable to report.
A quiet period can be followed by a bang, or a whimper.
My guess is that we are catching our breath before another run higher. Seems crazy given our level of debt, but that’s how this feels right now.
President Trump’s State of the Union speech accomplished what he wanted: he seemed reasonable, he got the Democrats to clap for his obvious applause lines, and both the politicians and the public are likely favorably disposed to a deal on the border and the budget.
So, I hereby predict that some kind of deal will be announced to avert a government shut down on February 15. That will be followed, before the summer, by good news in North Korea, and good news in the Middle East. That will be the impetus to keep the stock market moving higher.
But, gold is also looking not bad, so I could be totally wrong.
I’m holding Stelco, gold stocks, and pot stocks, in the anticipation of brighter days ahead.
We shall see if I’m right.
More next week.
(And Tesla is still going bankrupt, eventually).