RE:RE:RE:Other ideas? Gold Era, NF has the crystal ball on that, read him, mine is just an opinion, which is often wrong... I just try to be right a bit more often than wrong....
Where does it go? Depends on a multitude of factors, market sentiment, management, but most critical is CU availability and price. Technical trading is always trumped by the swell of the sea, the tide, so you have little ripples on the ocean (technicals), then the wave patterns, then the swells, then the tide. For TKO the swell and tide is the CU$. CU has its own version of that, and its swell and tide is the supply and demand.
If supply does get short, as in concerns of manufacturers of getting timely delivery of their copper laden supplies, and those suppliers are short on actual copper, then price can easily spike.
That is assuming that others do not game the system with speculation, and hoarding.
No worries, if the price of copper goes to $10, or higher, then all of those projects that were not economical at 3.50$ CU will be dusted off and be brought into production, which will pull the price of copper back down with a nice increase in supply, which will only take about five years to come into play, nothing to worry about at all, you will still get your Tesla, or E Mustang....
That is the undercurrent of TKO...
Where in a short term, it could happen like several years ago when CU was flirting with $3.50, and then some shenanegans and CU did not hold, price dropped.
I sold all back then... and am pretty sure that NF got some of it...
have been in and out since then a number of times, so think I got back in fully last year about .60, was not bright enough to sell watching the plague hit, too busy reading chinese med reports, think I was down 30% at one point, but had no intention of selling, although did not buy a share as I felt CU would tank along with the world economy, something to do with all businesses planet wide being closed.
As the situation developed, the govt new money kept things afloat, and the govt incentives geared to green, which is what copper does when exposed to the air... so rather than tanking, CU held, and is now looking at riding the recovery on a green revolution, no idea where that is going, just assume it is up.
sold all in the 1.30 range back in sept, before the PP fiasco, still commented on it, have earned that right weather in or out.
but funny thing is, in rebutting some of the over the top negative stuff, talked myself into holding my nose in the cesspool and picked up another load, 1.20 range, nope, did not get it for a buck, but reassessed, felt it still had legs. Sold all again 1.70 range, but with CU heading north, again had one of those "what were you thinking" moments, and got back in the 1.60... about a day before it decided to make another run....
My son (and wife) often ask, usually when I am happy and joyful over a nice increase "but did you sell". My reply yesterday was that you can make alot of money with a 3% increase, even "just" weekly, alot of money, in and out, but I find it really irritating when you make that 3% short term increase, sell, and then it goes up 20% in a day, or a week.
That is why the fundamental understanding is so critical, what is the potential, where is going, why, so the critical ingredient is to understand those fundamentals, how NPV relates to actual traded price, trading dynamics (that little thing of buy on rumour, sell on news), headfakes all around, stop chasing, doing the reversal, and then really learning how to profit from all of this, is not falling in love, but actually doing what the wife and kids suggest "but did you sell".
Right now, based on CU, supply demand, sentiment, Fenelon permit, Q1 earnings (will be interesting to see how Q4 affects the price, many indicate it is baked into the price, methinks the market is not that bright), so yes, the Q4 could be a nice haircut, but they could release the Fenelon final permit the next day too.... so too risky to sell at this point, as for buying, would wait til the Q4 is released and see if there is an opportunity to get some cheaper, although a good strategy there is to place half your bet now, just in case, and then double up if it drops.
So many ways to play it, sorry for the long answer...
KW
GoldenEra wrote: oustanding KentWilkens. where do you think she can go from here?