I introduced Purepoint Uranium (PTU-TSXv) yesterday at $0.88, since then it has gained 21% in 1 day. If you entered a long position for a simple trade, you may want to think about liquidating part of your position and buying back either when news is released, or on a pullback. PTU still appears to hold potential and could release some stellar results. However, with such a big move in the last two days, we could see a buy the rumour sell the news scenario if drill results don't meet expectations.
Just stay tuned.
Hi Jared,
ReplyDeleteI never had a chance with PTU, since it hit $1.05 by the time I looked at it for the first time.
But I will keep it on the watchlist for a possible play on the pullback.
Thanks for pointing this out !!
Caught it at 1.03 this morning.
ReplyDeleteThanks MCM !!!
Nice going
ReplyDelete