RE:RNX and RML: hype is done, fundamentals take overWhat a well written post. Agree on all accounts. I'm kind of happy the hype is over so we can get back to basics. Won't be spectacular but greater in the long run. Just sit back and give this one some time to "mature".
rimbus wrote: I know a lot of people are in both RNX and RML. Two great upside stories for very different reasons. Those who whine on each other's boards about the other stock being better - they will fade because the hype is dying down and the FOMO traders will move on.
With RNX and RML both tanking from their highs after the news from them this week, it's obvious that the "hype" is done. Penny flippers and get-rich-quick dreamers will be gone. These two stocks are laying the groundwork for trading on fundamentals now and will soon do that.
RNX with each passing month will give us updates on production and any more possible bonanza finds.
RML with each passing month will update us on the status of payments from Venezuela.
Both of these stocks will soon trade on fundamentals and those who are patient enough to handle the flat days and strong enough to handle the down days will eventually be rewarded.
If everything goes as planned I see about 5 to 10 times the upside on each stock within the year.
I'm going to post much, much less on these boards because there is no point in arguing or debating with people everyday who are outsiders looking in. These stories will take weeks and months to develop, no use in watching it like a hawk unless a sudden price surge happens unexpectedly. Find some other money for day trading to keep me entertained in the meantime.