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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.
@Zlatan good point by @stateside that the #uranium shares rising might be a headfake, if the spot price hasn't moved then that would suggest the supply and demand fundamentals haven't shifted yet. Last I heard from #RickRule was that he was expecting the turnaround to be 18-24 months out (while acknowledging that the precise timeframe is unknowable).
In this interview Craig Parry talks about the fact that no uranium company in the world can make money at $18 and shutdowns have begun, might take some time though for supply destruction to move the price up (hope so anyway as I was planning to move into uranium after riding the next leg up in the metals)
@Excelsior@bullmarketmove - I'm just getting a chance to get caught up on all the posts and responses and wanted to take a moment to thank you for the follow up on the #RickRule#Uranium post. Yes, that is the one I had snipped a passage from to post earlier this week and had reposted somewhere in the Uranium room, but it was nice to have the transcript of the audio to read over again. Ever Upward!
@AlanSpeaking of #rickrule, here is his new interview. Some good advice about nobody knows where the bottom will be. Just focus on finding a difference between price and value and buy when you think is right. You will likely be wrong. I tend to be early on both buying and selling. Good book on this is #nobodyknowsanything by #bobmoriarty. https://youtu.be/DOynq5QNIy4+
@MiningBookGuy@alan RE: https://ceo.ca/mbgtrends?4fff6ba6bc2d - thanks for sharing this #rickrule interview. I want to make an important point:
i didn't like the 'specifics' of this interview as much as others from rick. he talks about 'alpha' and 'beta'. My interpretation as follows: 'Alpha' is getting great private placements (ie, full warrants, 5 years, etc). 'Beta' is getting something similar to GDX or GDXJ and taking advantage of general market moves.
What about for the rest of us, the #retail crowd that buys on the market and is looking for cheap/overlooked juniors?? My only concern is that people listen to an interview like this, and they don't realize there's a '3rd way'. In addition, I know for a fact that quality companies do NOT need to go this full warrant, 5 year route. But of course #rickrule has his own incentives here, and it seems to be working, and I agree that this is an excellent time for that.
Anyway, just wanted to add those comments, because I generally like #rickrule interviews a lot, but this one can make you feel like the opportunities for #retail are constrained (when in fact they're not). I'm also thinking #PalisadeRadio might have a huge accredited investor list, so that makes sense for the focus on that.
@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? :)