RE:RE:RE:Spot Price "Be prepared for huge gains in the next 6 months."
Barring some event or major financial disruption, which I do believe is on the cards sometime in the next few years, I totally agree.. in fact accounting for all the changes in global investing / trading / internet / information sharing etc I expect that those 'gains' could exceed even some of the wildest bullish predictions.
What I believe we can also expect is the kind of volatility that only the most ardent 'diamond hands' (to use the WSB lingo) will survive.. or as old Jim Sinclare used to say 'very few will survive the ride to see the real gains' ..and he was talking about a Gold bull.. here we are talking about a Uranium bull which is like a gold bull on an overdose of steroids.
I remember the 2006/7 U bull and a good example of the kind of volatility that you can expect is like when EFR blasted from $5 to $120 and then literally dropped like a stone down to $60 and then exploded again all the way to $270.. how many sold under $100?
Well I bought EFR around $5 and sold at around $20.. I know.. it's ok I can laugh about it now!.. I thought i'd done great at the time!.. I then watched it climb all the way to $270.. as you can imagine I was absolutely devastated.. hopefully I learned something!
And remember that was back before WSB and the RobinHood crowd and the the fact that on line trading has become the game of millions world wide.... so perhaps we can take those EFR numbers and times them by 2 or 3 or 4 or 5 who knows? lol
So the main point here is having a selling STRATEGY.. AND sticking to it!!... We sure will need diamond hands!!
@ 308 ..you should stick around it'll be fun listening to you regurgitating your bearish belly aching when the real show starts ;)