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Indeed! 400% gain in over a year for this Canadian company
The first stock I ever bought was Silver Wheaton. Now called Wheaton Precious Metals Corp. I read about them in moneysense magazine so I opened a brokerage account and bought $500 worth of the stock. 6 months later my $500 was down to $350, so I sold and withdrew my money. Haha
Hahaha I wonder if they pumped during this precious metals bull run
Wow!! Yeah that is what I am hoping to do buy and hold 20+ years
That's the mindset you have to have. If you believe in a stock and think you are getting a fair value for it don't sell it. It's ok to trim and add around the edges if you feel the need to try and time the market but I wouldn't do that with more than 20% of a position. Just hold it. If your thesis changes then sell it and move on to something else.
Mining stocks will rally hard while the silver price is booming but once it cools off these will likely get smacked. You have to believe the silver rally is just getting started to want to buy into miners. Best time to buy them is before the rally begins because they usually rally harder.