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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.
@XrivaIt was interesting to hear Rick Rule share #Uranium stock picks on recent Kitco video ( Cameco and Energy Fields.). I was surprised he didn't include $UUUU or $NXE. Perhaps the first two gave him the investment terms he wanted and the last two didn't. Your thoughts ? #Kitco#RickRule
@Alan@FundamentalAnalysis Yeah I was reading on libertyme today about his failed project in Chile a while back. #rickrule has called him out to respond. I have no idea about the #uranium rally. What I did know is that it's not as cheap as it was a few weeks ago which makes me sad :) there are no bargains right now that I can see. Maybe $AXY. Time to just build cash again.
@turnpikerBack in 8/28/2007, there is this article on #RickRule, “Contrarian or Victim, the Choice Is Yours”, which can still be found at
The first few paragraphs read:
In resource investment markets, one can be a contrarian or one can be a victim, and the choice is one's own. Having once been a victim, I chose the other path. Natural resource industries are cyclical, volatile, emotional, over regulated and capital intensive. That’s the good news. If you accept markets for what they are, while other speculators operate in ignorance, you have an advantage in the market. Being a contrarian is hard. That’s the other good news. Most speculators cannot act in contrarian fashion, for reasons we discuss later.
Most speculators want to be contrarians when it's popular and comfortable, which is a challenging task.
The rest of the article is also revealing of Rick’s thoughts and philosophy.
@bullmarketmoveThanks for posting that @turnpiker great article. I find #RickRule to be one of the best investors out there, his lessons are simple but very hard to put into practice and stay disciplined.
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@Alan@bullmarketmove- Yeah, I'm doing more digging into the company. The #uranium market has moved up fast recently and I decided to sell my positions in $UEC and $U last night. Uranium is getting a lot of attention which means my interest in it is lessening. Time will tell though. Oh, loved the 2nd interview you did with #rickrule by the way.
@KevinS#mgbtrends#uranium#newbies Hey peeps. So I've been taken by surprise by the pace of this uranium rally as I was planning to keep DCA into gold sector weakness up to Trump inauguration then fill me boots with uranium shares. Is there any advice for those of us still patiently waiting on the sidelines?! I'm reluctant to chase this sector as it seems to have gone so far so fast with charts spiking vertical in some instances. However when one looks at the very long term 10 year charts for a lot of companies such as $UUUU and the also $URA this is but a MINISCULE blip in the bottom right hand corner!!!! Also #marinkatusa suggested one stays patient this year. Saw on a video that #rickrule suggests summer being a good time to buy. Are they right or have they missed calling the bottom?! Btw I'm a buy and hold investor but a stickler for a bargain. I'm thinking of waiting till min late Feb or March until the fix is definitely in. Any thoughts? :)
@bullmarketmoveThat's a great article @Alan and the last quote sums up why he's so successful and most investors aren't.
“Almost every big success I’ve had experienced a 50% decline in share price before it went ten to one.” #RickRule
@Alan@FundamentalAnalysis- great post there. I'm also invested in $SII for about 2 years now and I'm very happy. I agree with your comments. It is a great business model with low capital costs to grow the business. As commodities increase in value over the next few years, #sprott is perfectly positioned as the premier expert in this field. Plus at the helm are people like #rickrule#ericsprott.
@AlanIt's interesting to hear the comments on here regarding companies like $FF$GOLD$BRI and other well promoted stocks. All the attention (whether good or bad), generates further attention and promotion. What I do know is that #Keithneumeyer and #amiradnani have attracted the attention of well seasoned investors and speculators like #rickrule and #dougcasey. Ask yourself why is this is the case? Good people find good people. If they didn't, they probably wouldn't be good people. Insider buying is strong in both companies mentioned and have- what I believe- is great management and great owners. They are well known in the junior mining market. They bought up properties in a bear market for cheap and wrapped them all up in a company for us to become owners of. Now I am biased as I own both but as a speculator I'm trying to buy the 4% of people that generate the 64% of the returns. #mbgtrends
@MiningBookGuy@bullmarketmove - forgot to comment on your recent posts. can't wait for the #RickRule interview! the last 2 were fantastic :)
also, great call/exposure you provided to $GXU. will be interesting to see Rick's comments on this one...I missed buying it so far. but very interested to see if they get the timing just right to turn this into a #uranium mine when the 'uranium bull' is (likely) full strength in a few years!
@Alan@bullmarketmove- fantastic interview. Again, you ask some great questions which gets to the main principles of #rickrule investment strategy and his mindset in regards to dealing with wins and losses. How did you meet him? Are you from London yourself? A quote of note: 'not seeing very much in the market to buy, which is a classic sell signal'.