SBM was a turn around... it ditched an unprofitable/troubled...

SBM was a turn around... it ditched an unprofitable/troubled mine in Aug 15. That, combined with the rise in the price of gold has seen it go from $0.07 to $2.50; 35 bagger.

I get what you're saying.

I've chosen a strategy similar to the 20% flipper rule from the "Unholy Grails" book.
Should these stocks retrace a specific amount, i will crystalise my profits. I doubt it will be 20% as these stocks fluctuate 20% week on week.
But should the time come where my good run is contracting, i will have to make the decision.
I'm guessing the price of gold will be about $1,100 before i do that... no idea to be honest.


I will not sell simply because "its had a good run"... let your winners run/take care of themselves.
Imagine you sold in 2004 because they had a good run.
Imagine gold corrects back to $1150 then restarts its bull run and i have to re-purchase (loosing out on capital gains concession).