RE:I Know it's been posted before but..Sax__ wrote: It's fun to watch ok!
https://www.bnn.ca/Video/player.aspx?vid=804337
Yes it is fun to watch. But if you watch closely, you will know who is selling right now.
His largest single holding. He doubled down when it bottomed and took it to 13% of his fund. At 14 cents/share. Which of course made total sense with the company having closer to 20c/sh in cash. It was heavily discounted to cash and everything else was a free play. (Even at .20 now, everything else is still pretty much a free play. It is just that the cash isn't discounted anymore.)
But guess what? It shot up 50% after that show aired. If he didn't sell, it is now 20% of his holdings. You can't have personal holdings or a fund with 20% committed to a micro cap, no matter how good it is. You have to diversify more than that.
So.... here we are. The Swiss keep buying, R.A.T. keeps buying, and I'm sure McWhirter is the one that keeps locking in profit to keep the amount of EUO in his personal and fund holdings at a more reasonable level.
However, those who are buying big are the ones we should be paying attention to. Not Bob's rebalancing of his portfolios.
My two bits, and I added a few more at .20 today. Thanks Bob.