The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@staffproI also own New Gold and was thinking of selling Feb 17, 6$ calls covered by my position. What do you guys think significant gold upside before feb 17th? or more minor up/sideways? i'd do it on a major up day maybe even 7$ calls if it went above 6 but that's highly unlikely. $ME is my lotto ticket i suppose but gotta make some income while waiting. Gold bugs have been waiting now for 6 months basically nothing
@dirkdiggler@staffpro - releasing news on a Friday after the close is a smack in the face for investors: everyone has gone home for the wknd and by the time Monday rolls around, the potential impact is muted. Ceo's that want to pound home the point they don't care about promotion, release on Friday's....after the close.
@staffproin 2008 correlation of uranium with Sp500 was over 0.7. If market tanks so will uranium stocks. YOu can argue that last couple years they were uncorrelated and that is true but when periods of risk off come correlations tend to revert to extremes either 1.0 or -1.0.
@EvenPrime@staffpro you're not in yet? You've been waiting too long in $ME :p Its hard to say whether it will be a significant pull back or not. I suspect the uranium stocks will pull back probably right now, but Nexgen is another beast in itself - I'm just sitting back and chilling watching it either way.
@SASKEXPRESS@Staffpro Did you mean drill between McArthur River and Cigar? I hope so. I've heard there were very preliminary talks between the SK gov't and Cameco about constructing a direct road (shared cost) between the two mines to facilitate more exploration. Then both fell on tough economic times. There are numerous ways the Arrow story can play out, in my opinion, without Cameco. All of which have been discussed countless times on this board. But bottom line, I think most people tend to think Cameco would surely like involvement with an asset like Arrow if they can.
@staffpro@rulingmining waiting for a good entry VIX 11 handle too much market risk to be playing highly spec plays long term. I mean if your time frame is 5+ years and you don't care about 30-50% drawdown then by all means but as kevin oleary said price is king show me the money
@staffpro@rulingmining what me or you or even a large retail player does with their shares has probably 0 affect on the price of a stock that trades 2.5million shares daily. Even all of us retail people collectively probably don't generate the volume 1 institutional guy is pushing