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RMS | Portfolio | 21st March 2017

RMS | Portfolio | 21st March 2017

I’ve bought a 50k parcel of RMS.

|the Merchant

Might increase that parcel size as we progress throughout the day/week.

6 Comments

  1. Matthew Butler

    Thanks Jack interesting – still getting the feeling that your gut is right on gold and it might be taking a breather (or even a double bottom?!?!) Any reason why you’re thinking RMS – because you think gold might lift, or something about this stock in particular?

    Reply
    • the Merchant

      While all the the stocks had bounced , RMS is at levels seems last year December. I liked the entry point as a low risk entry. Some downside risk. Plenty of upside reward. I think gold may top out pretty soon indeed. I bout a total of 150k RMS so let’s see how it unfolds. I would not enter any thee miner at this stage as they’re all trading higher than support so downside risk is increased for me. I think (gut) that dollar is taking a beating. Everyone gets bearish. Then boom. Dollar starts next rally as Euro sells off. That would be the bargain time to pick up more miners if it materialises. I imagine the scenario playing out over a few weeks. I’ll keep my finger on the pulse regardless. Let you know what I see (wrongly or rightly )

      Reply
      • Matthew Butler

        100% agree, thanks for your great insight! We live in interesting times!

        Reply
  2. Mark

    Jack, what is your buy price, and where is your stop?

    Reply
    • the Merchant

      51c entry.
      48c stop for now. However the stop loss may need adjustment….

      Reply

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