There are lot more factors that are behind a stock move. RRSP contribution is just one factor in flow of funds into stocks. Flow of funds because of RRSP may or may not move the overall markets even if they move the markets it is not necessary that every stock would spike, some may still stay flat or even may drop. I had bought in Dec & have being monitoring the stock. The price movement is not entirely new RRSP contributions. The sellers were exhausted. Todays bounce is related to the bounce in commodity price. Based on your comments I would classify you as an amateur investor. You have to learn lot more about stocks & factors that contribute to the movement in share price.
I have been in the stock since Dec. I have tried to flip the stock from time to time because of big spikes & overbought position but has not worked so far. This does not mean that I will not do that in future or may still not work. I did not lose money but may have reduced my profits in terms of commissions & at times small repositioning spreads. I was hoping to do better than I have done so far in this stock. Buy & hold would have been a best choice. I constantly assess my performance & try to learn from my experience & mistakes. Over a year ago when the stock was stuck in a range I use to trade it very successfully. When it broke the range upward I gave up & lost interest & when it even broke down I did not touch it. This stock was in my tax loss selling buy list. I had initially bought it for a tax loss trade only this Dec.
Now that the Platinum price has popped I am changing my thinking about this sector. Who would have known that there would be major cut in production of Platinum today & a massive spike.
Sometimes stocks moving up from their rock bottom prices are simple hold till they achieve a certain price level. With the commodity price improving I have to consider this stock for more than just trading now.
The stock has the potential of multiplying from here, lot depends on the commodity price & the break even point for ELR. Still this stock is not going to run up in a straight line. Today there is lot of hype in media about Platinum.
I am also looking at other plat stocks too.