Fair point, mornington-oz. The news was yesterday's though. I guess I'm just a bit nervous when I see spikes like this coming towards the end of the day.
Yep - slice; you win either way. The danger here is that this kind of stock spikes one day (not really on the basis of anything other than sentiment), then tanks the next day (how often does the Faller leader board contain yesterday's Risers?). If that happens, you'll be quids in; if it doesn't, you'll still be in line for more profit.
Most of the gold stock are holding up OK. Owning gold stocks is not the same as owning the metal itself. Only a prolonged drop in the gold price will cause a rout in the sector.
I will top slice this today - just holding for a little longer. I frequently sell part of my holdings (usually 50%) on a spike. Heads you win, tails you win: if the price drops, you've locked in and realised profit; it it continues to rise, you're still a winner.
Thanks, RichKen - that was a good read, and an encouragement for me to perhaps load up on BMN. Sounds like a good investment, certainly long-term, but maybe with some SP action in next few weeks.