RE:Where is YourFriendo and FederalReserve?Still here! Alive and well! I would like to remind everyone when this stock was trading at 1.20$ about 2 years ago I was the only one saying it was a terrible buy....and then look what happended....
Also, in August, I wrote: "With the current nickel and cobalt bump I do see a short term opportunity with this stock."
Took a position then, and got out in the high 40's. And am staying as far away as possible. I do not care if I lose out on a run. This stock is just too risky.
Here we have a classic case of investors losing their shirts, but only counting their small gains at the end and declaring a victory.
This is a penny stock, and it's just gambling at this point. I will say that I am almost certain the quarterly results will be disapointing for the following reasons:
- Production will be terrible
- Cash balance will decrease despite the nickel and cobalt bump.
If a company isn't puking out cash at these levels, then there is something deeply wrong with it (which in this case, there is).