I'm generally a short term trader, but plays like TRH can IMO only make you some solid cash if you can hold on for a few weeks.
I admit that I probably got in at the wrong price (875), but in the big scheme of it, I am more than happy to start rearranging my portfolio so that I can hang onto TRH for atleast a few more weeks.
Would hate to sell out and cut my losses, and then have to sit from the sidelines and watch the next "FMJ fairytale" unfold.
I think those of us who have been following this for a few weeks now expected this speed bump - the traders are moving out and the investors are coming in.
Despite the short term price drop, we need the investors to jump on so that they propel the SP north.
I'm excited (as big Kev used to say!!!)
TRH Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held