If Are we next? Or close ? I found this on the FCC bb and found it very interesting posted by goatburner ...
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Momentum trap (hopefully not) Good morning all. Certainly yesterday morning was an interesting time. It follows a series about four significant announcements from First Cobalt Corporation in the past 30 days. Most of us, rightly so, would expect the bump up on good news - not today. A lot of us, and I'm confident most of us probably did very well after the trading halt on December 16 th 2020. Many of us chose to go long and ride the thing as far as it goes. Fortunately for me, I took money off the table, but I know many of you didn't and choose to go long. Since the highs of of December 16th when stocks were in the high 39 cents 40 cent range - it is now down to around $0.30. if you didn't take money off the table at the highs around 40 cents you may now be trapped at 30 cents and possibly lower. Momentum trap. A new phrase I learned this evening. Now nobody want to take the money out because they are afraid the stock will go up if they do. Hence the phrase- momentum trap. I'm not saying it is - but it really is an interesting phenomenon and very common."
I suspect that FT could head in the same direction and much depends on ANY new news released and how it is released and disseminated. I hold a small position in FCC and was also surprised at the reaction to a 8.5 million investment. But what GB is presenting here is possible it's the kinda info that we all know could happen but maybe don't want to see it, but it is what we fear.....well i do at least and as a an ammatuure I am probably not alone.
news will be great and what kinda news is very important and we will have to read it for what it is but also not get trapped while those who can play with us continue their game.
Robin could be doing us shareholders a favor, by holding back on just any news and looking for strategic substantive news that shareholders can build on by hanging in.....the winds of change are upon the cobalt market ....but will it be a nor'easter or just a gust for now. A nor'easter would be an all in partner a gust might be just a processing plan or potential added reserves. A situation that I am sure we are all thinking about and concerned about.