RE:RE:RE:RE:RE:RE:We're just thuesday guys so a lotAgreed, the stock has had a major move up the last couple of weeks. Little dismayed to see the shock coming from some on the first major correction since the move upward. I think it's important to emphasize that stocks with preliminary projects such as ESM, and precious metals stocks in general, for that matter, come with a great deal of volatility. Before you buy and sell a stock like ESM, you have to know that it can decrease by 10-20% just as easily has it has appreciated over the last month or so.
That being said, the project looks like a real winner, and the value is most certainly there to justify the current SP, as well as a much higher one. If you're a trader, you buy on dips and sell on the rips. If you're an investor, you can do this as well by keeping a core position (i.e. 1000 shares) that you will not sell until the project goes into production, is bought out, etc. On the side you can pick up 100-200 shares and buy/sell depending on that days move. Candidly, I use the strategy to make smaller profits that I turn around and invest in Sulliden Mining Capital, which has much less volatility, and a lot more downside protection. Sulliden own about 10% of ESM, and have a plethora of other marketable securities that can help protect you if ESM hits the skids for whatever reason. I think if you want the exposure long-term of ESM because you believe in the project, but don't want to put all your eggs in one basket, I believe that is a good alternative.
Full disclosure, I own both ESM and SMC, think investors will do fine owning both long-term. GLTA