2020-09-28

Taking Profit to Hang Ten

I sold some NCP today and took a position in Group Ten PGE.V and PGEZF. Still like NCP, chart looks good. But PGE;s market capitalization is now about one-third cheaper. If nothing else, I'm diversifying exposure to this area. I think platinum is very undervalued. there are other miners with similarly attracive charts, as I've shown before.

PGE is exploring in the Stillwater area. I think there's greater potential for stock-specific news flow in PGE in the near term. As shown below, both stocks have traded similarly in the recent past. PGE has performed much better over the long-term. PGE looks like it could encounter resistance up to 50 cents before breaking out of its massive base.

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