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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