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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@AlanGood article that talks about investor psychology and gauging market sentiment that I spotted on @Goldfinger channel. Here is an insert from Seth Klarman “Investing is the intersection of economics and psychology. . . . The economics — the valuation of the business — is not that hard. The psychology — how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end — those things are harder. Knowing whether you stand there, buy more, or something legitimately has gone wrong and you need to sell, those are harder things. That you learn with experience.” https://blogs.cfainstitute.org/investor/2017/02/20/gauging-market-sentiment-selling-greed-is-harder-than-buying-fear/
@Goldfinger$ION seeing some downside on well above average volume for this time of the day following a negative report over the weekend. It will be interesting to see if Friday's buyers come back to defend the stock today.
@Goldfinger“We are on the cusp of obtaining our first 5% lithium concentrate from our pilot pools on site. This is a high purity brine concentrate that could serve as feed to existing or new battery grade lithium carbonate and/or lithium hydroxide plants. We have already been approached by several end users of the expected concentrate and look forward to initiate testing with downstream partners.”~ Brian Paes-Braga, CEO $LIX
@Goldfinger@Excelsior That's right, all predicated upon speculation they would now be able to get through environmental permitting due to Trump. Would have never gotten as high as it did without a massive concerted pump effort by Katusa etc. $NAK$NDM
@GoldfingerIt's all just part of the game, volatility = opportunity in my book. Markets are built on speculation and sometimes the speculation gets way ahead of itself, both on the upside and the downside. As long as I understand the game I can still profit from it and avoid pitfalls. $NAK$NDM
@GoldfingerAugust put seller in $FCX $12 strike puts sells 4,500 contracts to open (expiring August 18) and receives $418,500 ($.93/contract) in premium. $11.07 breakeven share price on this trade if puts are exercised. $copper
@GoldfingerPut seller clearly betting some of today's selling is overdone and $FCX will get the situation under control by August. Also seeing some March call option activity in $FCX. All of this coming after DB downgrades the stock to sell after dispute with Indonesia government over its Grasberg $copper mine (world's 2nd largest).
@Goldfinger$FCX - Testing previous resistance near $14, below lower Bollinger Band. FCX has a strong history of bouncing back from below the lower BB after a decent sell-off such as the last week. Notice significant momentum divergence (RSI) at recent $17.06 peak. http://cdn.ceo.ca/1cap7ab-FCX_BB.png+$copper