RE:RE:Gold mania phase approaching for RNX ...Today RNKLF is super undervalued, about 1 PE runrate, one of the cheapest stocks in the world.
It could be correctly argued that internet stocks in 1996 were way overvalued, in mania, yet went extremely higher, parabolically for 4 YEARS more into 2000.
They were overvalued but the mania was 1998-2000. there were no 1 PE stocks in group, a 100 PE internet stocks was on the cheap side. RNKLF today is less than 1 PE run rate.
If it goes over 50 PE then it will approach mania. One of the things that causes mania is how much it has gone up, think tulip bulbs in Holland.
Since RNKLF can go up 25 times from here and then be equal PE wise to slow growth MCD MacDonalds https://www.nasdaq.com/symbol/mcd if RNKLF made it to $17 a share(25 PE), what would happen then?
People would be kicking themselves for not buying at $1, $4, $8, etc and almost for sure RNKLF would go into mania. Where would it go to now. If RNKLF was the 31 gainer of the next 3 years, it would not shock me. The key is teh market has not been able to deal with how big this news is yet, even 3 weeks later, and the news has been getting better and better.
Cheers
These types of pictures of the boring small stuff will only add fuel to the fire
