Reason being: I can always get back in. Plus, I’m not strategically placed any longer and a few of these names didn’t do well during the run up, so it makes no sense to hold them now.
I sold FH, GCAP, PYDS, QIWI.
My only proxy longs now are GSUM and NXTPW, the latter being a very small novelty position.
It was a fine run and I made over 100% on my money the past two weeks, scoring one monster runner after the next. I will get back in when the upside swings return.
For now, the only thing I like is gold via GLD and JNUG.
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If JNUG is to run, then GFI and KL will run hard. I bought some GFI 4 calls for Feb expiry at about $0.29. Let’s fucking go.
GFI looks dope. Thanks
Moosh, just a thought. GFI does lot of mining in SA. New ANC president might lead to stronger Rand which would lead to lower profits in Rand terms. Already Rand has come down from R 14.40 to R 12.60 per $. Something to consider
BTW, GDXJ holdings for anyone interested are here. https://www.vaneck.com/etf/equity/gdxj/holdings/