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NXG - *SOLD*

By: Decomposed in ROUND | Recommend this post (0)
Fri, 15 Jul 11 5:30 PM | 81 view(s)
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Msg. 33933 of 45652
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I just sold a 6.7x "standard" block of Northgate Minerals (NXG) shares at $3.05/share. This is more than half of the NXG shares in my primary account.

Figuring out my profit (there IS a profit) will be difficult since I had a bunch of purchases and a few sales... at prices ranging from $3.25 down to perhaps $2.60. I'm guessing that the gain was 7 or 8 percent on money invested for about 6 months.

I am still holding a 5.25x "standard" position in NXG in this account. I'll probably sell it if the price climbs into the $3.20s.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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