RE:RE:RE:RE:RE:Rick Rule says buy Fission Uranium to get rich! – videoGood post, LinkLeisure; I agree with you completely, in particular your comment about trading around a core position being a zero sum game -- yes, I have tried that many times before and from my experience you are correct.
LinkLeisure wrote: I agree that at least early on for an explorer, the odds and historical statistics are pretty poor. I posted a couple of days back that if you invest in an explore you should hope for at least a triple bagger, and the reason I said that is similar to what you state, is that most of them will likely go bankrupt......so you have to hit on a few big, to be rewarded for the risk involved.
FCU today is very different from what it was 1 year, 2, year and 3 years back, that is why it is such an interesting case study.
While it is still an explorer and the management and technical team have that as their main expertise, it is a lot farther down the garden path, in terms of derisking and moving towards an actual mine. It's Chinese partner has gotten the commitment that the company is moving towards production on the fast track......
So, FCU is very different from what most explorers are.
It continues to shock me that some individuals call this a bad stock, but can't really point to any fundamentals on the micro level that are truly "bad".......In the old days of stock market investing (where the idea was to buy low and sell high), this was called a good "opportunity" or "value".....
It probably very much depends on a person's motives and time horizons......
BUT, FCU (and NXE) have left a lot of other "explorers" in the region in the dust......
It has an underlying body of uranium........so it has "found" not just started exploring.....
I think building a position in a stock like this (and possibly NXE too) makes total sense. Don't have to go all in at once.....
Many people trade around a core position.
BUT, a lot of posters forget or don't care, that purely speculating or trading this stock, is a zero sum game over the shorter term. For someone to make a quick buck on it over a few days, someone else is losing, unless the fundamental value of the overall company jumps significantly because of either an increase of the amount of the commodity or an increase in the price of it....