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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.
@poor-white-trash@TheHolyBuyBull, Thank you, I was already aware of that. I was just curious why the price spiked without any particular known reason. Noob, watching and trying to learn from the sides lines. Cheers.,
@SFtrader@TheHolyBuyBull Agreed that is a risk, however, what do you think will drive it to $50 in the short term? Kazak production cut will take a while to have any impact, as will any Japanese restarts or new reactor builds coming online. Take a look at Met coal for example, it took over 1.5yrs of serious supply destruction (mines closing and companies going BK) before the massive rebound in the price of the commodity. I'm already well positioned in #Uranium, so if we go up... great! If we go down again.. time to reload!
@TheHolyBuyBullIn the short term, runaway bullish sentiment in the equities. Spot didn't even move recently until the speculators piled into the equities. It's not a rational argument for higher prices but its still a real possibility. Russia China and Iran teaming up on the US dollar and trade warring and cutting off cheap supply to the largest consumer the US is another possibility. I like your position. Mine is similar. Win smal or reload and win big. Irrational sentiment of the herd mentality absolutely runs the market. Nonsensical outcomes are temporarily entirely possible and that needs to be acknowledged.
@Excelsior@TheHolyBuyBull - great point. It would appear that the reversion to the mean is just beginning, but if it trends sideways for another year, then when it does push spot higher, it will be more sudden and catch many investors with their pants down. You gotta be in it to win it. I'd rather be a little early to party than miss the dance.