Club Mulgoa

Friday, July 24, 2020

BDC

When I saw the drilling result, I jumped into this miner.  It is still exploring but wants to produce gold next year.  Price went up of course.  And then next day, for inexplicable reason, investors start to sell it off to 9c.  And so I topped up.

And then it announced another good drilling result, and its share price went up (only a bit).  And so I topped up at 9.1c

And then along with the broader markets, the lemmings sold it off to 8.4C.  When it hits 8.1c, I am jumping back in again.

This strategy in investing is based purely on logic.  People sell on good news; I buy on good news when people are selling.

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