Do you remember I bought Orvana Minerals Corp (ORV) about a month ago? (Please click the link to see why I bought it)
First gold stock of my life- Orvana
Orvana was my first gold stock purchase of my life, does not pay dividend and also a penny stock. That is totally against my investment philosophies right?
You all know what Warren Buffett said about investing in gold as well.
“It doesn’t do anything but sit there and look at you”
Gold price chart
You can see Dow is down by 8% as of Feb 11 2016. People are clearly scared now.
What about my Orvana stock? I bought it at $0.11 as you can see.
It is now sitting at $0.18 per share. That’s 63% increase ($1,600)
Is it normal? I don’t think so. This is clearly shows how irrational and outrageous the market is. The irrational behaviour of investors create this kind of nonsense. How crazy is that?
Well… the capital gain was totally unexpected and I just got lucky. It may drop right back down within a week. There were some analyses and due diligence done before I bought it but nothing else matters when the market acts irrationally like this. Isn’t speculating fun?
I bought this company to hold for a long time probably until next big gold price surge and thinking of it as a 10-20 bagger. Haha I can hear you laughing at me… I don’t blame you as I am laughing at myself as well even after I said it. That being said, the short-term gain is so enticing and my short-term greedy devil ???? is trying to seduce me to sell it. I leaning toward holding it because I feel a bit experimental with this one. The most I can lose is $2,540 after all. It may drop right back down but I can see some potentials with this one. So here I am asking a question to you.
Should I sell the stock and crystallize $1,600? or should I hold and wait until my original investment of $2,600 becomes $50,000 eventually? You can leave comments as well for me to learn from you.
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