Wednesday, September 7, 2016

Gold Rush: A Missed Opportunity

It was like it was 1848 and I had a ticket for the train to California, but I was afraid and didn't get on ... and now it's 1856. The Gold Rush has passed me by.

As you may (or may not) have read in my last post, I had put Royal Gold Inc. (RGLD) into my list of Potentials, and decided to convert it to a Buy soon. Right after this call, the stock went into a free fall as expected, refer to "The Curse", The stock dropped from ~$83 all the way down below $75 and I thought, here's my chance, but alas, I panicked. I decided to wait just a bit to see if it would continue to drop further. Nope. It roared back and in a matter of a couple of days has made it back to over $84, creating a missed opportunity that I will remember for ever. Or at least until the next big thing on this adventure. Chalk one up to Fear.

Meanwhile, everything else in my portfolio is also doing well, or better than before for stocks that were doing badly. Here's a quick rundown on the highlights.

Paychex Inc. (PAYX) is doing even better at $61.84 with a 15%+ gain. Same for MGE Energy (MGEE) currently showing a gain of 12.6%. Ka-Ching.

On the other side, Novo Nordisk (NVO) is still struggling at a loss of 11.6%, Ka-Flunk, but CenterPoint Energy (CNP) has recovered enough to be back to a flat status with a loss of just $38 (0.81%).

No new Potentials this time, but Boston Scientific (BSX) is still a good possibility, and maybe I can get into the Klondike Gold Rush with Royal Gold (RGLD).

See how I worked a history lesson into that post? You like? WhatSayYou?

As always, thanks for reading.

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