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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.
anonymousI think this is new news, $NDM$NAK class action lawsuit (I'm sure it happens all the time time)..but it raises a good question, can one short a stock and at the same time be involved in a class action lawsuit? http://www.rosenlegal.com/cases-1056.html
@ChrisCringle$NDM$NAK Regarding the John Doody remark: I've been a subscriber of his newsletter some time back, but I no longer take things he says/writes serious. My biggest loss ever was because of his recommendation on Rubicon Minerals. He also recommended the subscribers to load up even more when Rubicon crashed. His other picks in the newsletter also performed terrible, so when I see a statement like this I perceive him as a big joke. My personal opinion.
@rackerRick Rule on BNN Market Call this morning
He sees copper lower then much higher
$IVN biggest position of Rick’s career. Just returned from site-visit.
$KLG he’s long. Constructive to Canadian assets.
$EDV has delivered tremendous value but is fully priced.
$ANF long Anfield Gold because of Ross Beaty, a work-in-progress.
$CGP$SOLG.L spectacular, but deep and remote copper discovery in Ecuador. Biased, long Cornerstone.
$PVG bullish. CEO Bob Quartermain was successor, trustee of Rick’s will.
$NDM$NAK Rick sold because he did so well. Does not believe it will get built this cycle. Not attractive NPV. Tremendous leverage to higher commodity prices.
@AlanCrazy few days. Quite a lot of bargains today. Finally got filled on $NDM. Portfolio is getting nailed though. It shows how important having cash is at this time. It gives you the option to buy at depressed prices. However, if a major stock crash materialises, I have readied myself for the potential of my speculative portfolio to potentially half in value. It's always important to consider your downside before the upside.
@Alan@FundamentalAnalysis- Yeah, my investment portfolio with names like $SII and $SSL are the best when they drop. I get the income from the dividends and are much less risky than the speculative names like $NDM. But I love the cyclical and volatile nature of the junior mining and uranium stocks.
@TheNextBigRush@Jayfire I think we were extremely wrong on many things... LOL It's amazing how we can still make money in the long run while being so wrong. Heck, I was just VERY right about $NAK$NDM and still got burnt. The world is upside-down.
@rackerKerrisdale Capital, the Northern Dynasty $NDM$NAK short-seller who re-hashed publicly available information in their much publicized Feb 14 short thesis, must have made a killing on their position. The stock is down from $4.41 Feb 10 to $1.72 today, a 61% drop in less than a month.
@90bigpictureone final thought from me today: Katanga, Northern Dynasty, what's the next story in this bull market that uneducated retail/generalist/new money is going to get sucked into that will end up burning what should be a new crop of investors (because no one will honestly point out the key flaws along with the good parts)? The near sightedness of the junior mining sector never ceases to amaze me $NDM$NAK$KAT
@Brendan@90bigpicture I couldn't come up with two projects with less in common than $ndm and $kat if I tried really hard. one low grade one the highest grade known... one abandoned by all majors, one backed by glencore. Not sure what you're getting at...
@CriticalInvestorKatanga was never profiled like Northern Dynasty, but it shows you the power of groups like Katusa/Casey/Sprott. I'm still puzzled why Giustra sold all $NDM right before the election, was he forced as considered a possible liability for Clinton?
@ExcelsiorBob Moriarty: We Have Confused Shuffling Pieces of Paper With The Creation of Wealth
by Ceo Technician |MARCH 12, 2017
* CEO Tech: “What do you think about Northern Dynasty $NAK$NDM and some of the recent stuff which has been in the news involving short selling fund Kerrisdale Capital?”
** Bob Moriarty: “Here’s the deal and I need to give your readers some background. I was the first writer to talk about Northern Dynasty back in 2003, I think the shares were $.50 or so and it was an extraordinary deal back then. Back in 2003 Pebble was a work in progress and since then there has been hundreds of millions of dollars invested in outlining the resource.”
“We didn’t know the story then but we do know the story now. There was a PEA released recently which showed that at current day’s metal prices the return on investment (ROI) would be 14% and that’s on a project which will cost US$15 billion to put into production. The length of time it will take from when it’s fully permitted to when it’s pouring gold and copper is probably 5-10 years, and that’s AFTER it’s fully permitted, which of course it is not right now. With a 14% return and given the timeline you’re going to go through an entire mining cycle. I don’t think there’s a chance in hell it will ever be put into production.”
Everybody gets way too optimistic or way too pessimistic about that project, they either love it or they hate it and they change their point of view. Given the information that we have today and given that it is a very important watershed project in Alaska I don’t think it will ever go into production. Now it would be a different story if it had a 40% ROI, in that case it would be put into production regardless of everything else. But the money just isn’t there, there are too many other projects with 25%, 30%, 40% returns which will go into production first. Pebble is too big, and it’s the big projects that take the longest and have the most trouble moving into production. $NG Novagold has been screwing around up in Alaska since 2001 and it’s sixteen years later and they have yet to pour an ounce of gold.”
@WolfofSesameSt$NAK$NDM Sorry but it is apparent from that article that Bob knows nothing about the Pebble Project whatsoever. He'll have to provide some actual facts but so far he is just using broad statements the way Kerrisdale did and he is in fact WRONG.
@FundamentalAnalysisI think sentiment, bit like the extreme optionality plays are the only things that can turn this stock. What could happen is people will know how much money was made buying in at 1CAD or even 0.5CAD, so once prices get to that region, the cycle could quite possibly re-enforce itself, but maybe this time people will take profits a little earliar. So we could see 1 to 3 or maybe 0.5 to 2 who knows..........I wouldn't be surprised to see this run up once again, however I would only take a punt at lower levels, like I did mid last year.
@DJSI bought at $1.16 (as a post election "Trump Bump" play), held as it shot higher, sold 1/5 at $4.35 (obviously now wishing I sold more but didn't yet think it was topped out and didn't think there was a real "short and distort" risk) and then sold the rest around $3 as by then it was clearly in a tailspin. Won't be buying again anytime soon. $NDM
@Excelsior@ylr - I had a nice swing trade buying the $NDM$NAK selloff after the Kerrisdale piece circulated and it became blatantly obvious to everyone what an extreme #PumpNDump it was, but right as the republican letter was sent asking for a review of the EPA rules. Nice pickup, easy money, and I wouldn't say "Never catch a falling knife" as eventually even stocks or sectors that are toast will have a #DeadCatBounce. Using #TechnicalAnalysis and #chart indicators is also a good way to spot short-duration turns.
The statement is really "Be careful catching falling knives..." :-)
@BlackstimThey often seem to do hit jobs on the good stuff. I've never shorted a stock, but did benefit from a SP drop when shorters were hitting $PLI. It recovered, and folks that could bloody their hands catching falling knives did well. $NDM on the other hand doesn't seem to have recovered, though they own one of the biggest copper/gold plays on earth. The only thing that gives me some pause is CP seems to have correct on $SJL which will only embolden him further on future short campaigns. As I do own $SJL, I hope they start offering clarification tout suite!