RE:RE:weather about to turn against the full court pressSome country wisdom BYHI ...
A bird in the hand is worth two in the bush.
Nothing goes straight up forever.
Eventually every big market rise gets clobbered back somewhat.
There were so many shareholders waiting on PSZ initial drills to decide whether they should take money off the table from a huge win since March ... given that the type of person holding TUO early in the year was an aged punter who has seen stocks collapse many times before ... markets are very skittish because of Covid, the US election, China tensions, and the number of times October or November has been a massive slaughter across the table - 1929, 1987, 2008 ... ???
Not predicting anything, I ain’t selling into great news with every indication of lots more to come, especially looking at the gold chart and central bank policies. But lots of people can close out an incredible 5x to 10x trade depending on when they hopped into TUO. Common wisdom says count your blessings and take something off the table - especially when the market conditions might give you a big dip when cash will be king. Gotta weigh that against the stick running away to the upside on you and another NR from this season kicking the market cap upstairs.
And anyway looks like we might tick up today. Gold giving a push now.
cg