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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.
@Rulingmining@cole119 I am not a trader myself, so you're saying someone makes a large premarket bid, which will run up the price. Have their sells in place, then they cancel the bid just before the open and others fill the sell?
@cole119Once a stock like this - with so many upcoming catalysts - has broken into uncharted territory, all bets are off. Sure there will be some days like today when it looks confusing but reality is someone is taking profits to drive the price down, only to build a larger share position. Almost always done by anonymous.
@cole119Ok @ylr. Thank you. Just trying to get an idea of your risk tolerance. I don't have any real money outside of $NXE, and not about to anytime soon. Couple small positions elsewhere but its in the few thousand dollars range - just play money. I #justnexgenandchill$NXE
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@cole119@Staffpro Fool me once shame on me... fool me twice .. shame on... oh wait, how does it go? 😉
@cole119Keep in mind, we are a mere few hundred folks at most who read these forums/blogs (CEO,SH, etc). Many retail traders and large volume buy and hold types who rely mainly on analyst reports and broker recommendations. They are the ones who will be truly shocked at the RE2, and consequently will buy more shares AFTER the news release and really drive up the price - once risk is lower. What us types get is the rise in anticipation, and the Big Bang of the release. We're taking the greater (calculated) risk for the bigger reward. I'm glad I wasn't on the sidelines prior to MRE on March 3, and added substantially in the weeks afterward. Sitting on a full position for RE2. 6 weeks is nothing.
@cole119Some folks prove they are worth ignoring, and not respond to. They don't understand logic and reason. Another Example is the unnamed guy who's thinks he's winning on his cco bet today because of friggin technicals, lol!
@cole119What walls? It will be volatile today for $NXE. Some panic sellers, and just as many opportunists. My gut says we close around the 3.05-3.10 range. No technicals needed. #BTFD (That hasn't been brought up in a while @Pamplonatrader)
@EvenPrimeAnyone going to the Nexgen Energy-Rook1/Arrow Project spiel at noon with Garrett? I will be there, but will need to leave as soon as it is over to catch the remainder of my class. Would be nice to put a few faces to some names. @cole119 - you still going? $NXE
@cole119Say please and thank you... I believe Warren has said he is well over 400MLbs (up to end of August drill results) and will not do any further calculations. RE2 is close enough that he will wait for the official results just like the rest of us. If one wants to have an idea of the resource size speculation, just need to scroll back on this board. Start mid approx 2016 and there is a tonne of gold.
@cole119Nice to meet some fellow $NXE longs yesterday, both @evenprime and @erictheactor. Though Garretts presentation was more technical/geo focused, it was worth attending nonetheless. The biggest takes I got was 1) RE2 is being calculated in house, with RPA to "rubber stamp it" . March/April date confirmed once again and 2) There is a shit-ton of land to explore outside Arrow. The "mirror" of Arrow to the east has been discussed briefly before and it is a real target. Not a priority during this winter drilling, but the plan is to move a drill rig there and try to get 3 holes in - after the other regional drilling targets have been met. 75% arrow drilling, 25% other for upcoming winter drill program.
@cole119I don't know how Cormark "gets" these shares but they are all likely going to 1 buyer. Perhaps they have existing smaller holders who are willing to part with some of their shares, and allow Cormark to re-accumulate on their behalf - should they wish to. Cross trades typically mean someone is accumulating a large position. This is also confirmed via "word on the street" from some people I know. The general consensus is less and less shares become available to retail traders. Volatility - especially upwards - will tend to be more likely on "good" news and catalysts. Hang onto those shares!
@cole119Today Cormark is active once again, net gain of 150K shares so far. Also Credit Suisse must have an accumulator. Since beginning of January, over 1m shares on the buy side, literally zero on the sell side. I love it when shares go to tighter hands.
@cole119Highest closing price for $NXE. It's just too easy with this stock. That's why I don't understand the deniers. Even a somewhat dumb a** like me gonna make enough to quit work. Just over 5 weeks to RE2. Then let the real frenzy begin