Sold IAG at $9.50

It took IAMGOLD Corp. (IAG) exactly 6 months to reach my target price of $9.50 and I liquidated my positions in this up and coming gold miner, locking in gains of 21%. I believe this stock will continue to go up with the price of gold significantly over time. However, as gold hits record levels, risks of holding IAG short term now outweigh potential rewards. I will be looking to reenter this position once the gold rally takes a breather.


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