$3 I think would be very tempting and fair. However, under the right circumstances and buyers, $4 maybe even $5 could happen. After all how many palladium mines are there in safe,secure, productive North America near major auto production centers?
How can you call anyones' investment style "stupid" when you don't know their goals, time horizon, age, basis, other portfolios, etc.
I makes more sense to me to make money whenever and however I can. I have a core 40K shares of PAL but still will trade PAL "divvies as blue calls them" and others. Last year my "stupid" trading activity netted $52K. Doesn't sound stupid to me.