RE: Should I buy29 Apr 2020 11:38
What we need to remind ourselves is:
Newcrest have accelerated their drilling campaign on the back of the results we are "still" yet to have reported tonight / tomorrow. I seriously doubt they would have added more rigs and maintained their positive appraisal if those results were average or poor... now would they?
Traders will trade into any subsequent rise when the news lands - as they always do... but if the news is staggeringly good or an offer lands out of the blue... then all bets are off on the direction & eventual target price of the SP.
By way of my own example:
I have a SIPP and an ISA. I have GGP in both, but have traded the ISA and never touched the shares in the SIPP.
I have made good returns trading my ISA - which has enabled me to increase my share holding here a little over time, but I am nowhere near to matching the gains made over 3 years in my SIPP with GGP shares held and never touched.
If you have the patience and you invest in a well managed professional company... such as this one... the returns from sitting on your hands will be infinitely higher in the end IMHO.
GL A, whatever your strategy
YL ;-)