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Bullboard - Stock Discussion Forum GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.

ARCA:BAR - Post Discussion

GraniteShares Gold Trust > Much Prefer
View:
Post by BCdude on Nov 27, 2020 4:47pm

Much Prefer

I much prefer a measured rise in share price over a period of time, with healthy pullbacks interspersed throughout. I could see UGE consolidating here for a little bit, or at least until the next contract news is announced.

GLTA
Comment by ddogold on Nov 27, 2020 5:04pm
I’ve had this on my radar for awhile now . I’m invested in a few green energy / baby food companies and never pulled the trigger , much to my regret . If there is a further retrace I’m definintely getting in . What a chart !! 
Comment by Stocks2Go on Nov 27, 2020 6:34pm
Tax selling will start next week. Pick your spots carefully. 
Comment by Stockfshr on Nov 27, 2020 8:38pm
Is baby food a growth market? I do like this company. I think a Biden presidency will be very good for UGE. Part of his campaign was based on fighting climate change. We could even see some more solar rebates coming to help transition the US to green energy. And normally unproductive space on top of highrises being used to generate clean energy just hits a perfect chord!!
Comment by ddogold on Nov 28, 2020 12:28pm
Any inkling that the company will need to go to the market for a financing ?? And rather than mention other companies on this board just go to my posting history to see which Baby Company that is   A growth story . GLTA 
Comment by BCdude on Nov 28, 2020 1:20pm
Historically UGE has been very adverse to financings. A small group of insiders own more than 50% of the outstanding shares, so they don't wish to dilute themselves. In recent past, they have had a couple of small private placements among a small group of insiders if they need a short term infusion of cash to pay bills. They now have the option to sell solar occasional projects if they need ...more  
Comment by ddogold on Nov 28, 2020 2:13pm
Thanks for the info . 
Comment by NAGGY23 on Nov 28, 2020 2:55pm
Bc .dude i have been watching uge for 2 months and purchased once and sold and bought BUS . Took profits from BUS and bought uge friday afternoon what i thought for the low of the day but i guess i was wrong lol. I remember another poster posting on KNR site and you recommend UGE and it popped the next day .. Appreciate you bringing this company to my attention.. we are also looking at GRN now for ...more  
Comment by BCdude on Nov 28, 2020 3:48pm
Thanks, Naggy. I first bought into UGE at $0.25 and GRN at $0.34 and am not planning to sell a single share of either company. However, my view is that UGE is a better buy at current levels than GRN, though I expect both to do well long term. I always like to run some numbers to give me an idea of value proposition. Here are mine: UGE is currently valued at ~$54 million market cap and only has ...more  
Comment by HTNYC1 on Nov 28, 2020 9:20pm
Bcdude. Looks like you and I are on many of the same investments. Interested in your take on this question that I was asked today. If you had 100 chips to allocate for a buy and hold for 2 years across UGE, KNR, MTRX and lightspeed, how would you allocate those 100 chips using today's prices. Others welcome to weigh in of course.
Comment by BCdude on Nov 28, 2020 9:53pm
Hi HTNYC1, Nice to see you here. Great question you ask, but if you don't mind I'd like to include GRN instead of lightspeed as LSPD is a large cap and very different. I'm also not all that familiar with it, so don't want to claim expertise. My ratio would probably be the following: KNR -- 50 chips UGE -- 30 chips GRN -- 15 chips MTRX -- 5 chips I love tight share structures ...more  
Comment by HTNYC1 on Nov 28, 2020 10:19pm
Bcdude. Thoughtful and well considered as always, much appreciated. Apologies for the block type but I'm writing this on my phone. I'll leave lightspeed out of it for the reasons you state. It's been on an absolute tear and i was lucky enough to grab a piece a few months ago. I'll definitely check out GRN. Of the others I wholeheartedly agree with your KNR assessment. Using the 3 ...more  
Comment by BCdude on Nov 28, 2020 11:57pm
Thanks for your two cents, HTNYC1. You would understand MTRX in a way that I couldn't, as I have little knowledge of that space beyond being a consumer of electronic media. Interesting to get your take on it. I was actually considering selling my MTRX on Monday, based on the recent Q3 results, but perhaps I will hang on a little longer to see if Q4 delivers any revenue. At a $0.20 buy-in for ...more  
Comment by HTNYC1 on Nov 29, 2020 6:42am
At 0.20 a share, unless you need the money, which I always understand, I would put it in a vault and leave it there for 12-18 months. As I mentioned in a post on the mtrx board I've mentioned loop to 4-5 clients of mine, all have heard of it and 3 are in active discussions with them. Apologies for temporarily coopting the UGE board for this discussion but appreciate the time and perspectives ...more  
Comment by BCdude on Nov 29, 2020 12:21pm
No, don't need the money. For me, it's more about whether Loop will actually be able to deliver on all their promises and successfully monetize their technology. I've been sitting on 250% gains, so my question is whether much of the upside has already been reached and whether my money might be better put to work somewhere else. But I think you've convinced me to sit tight for now, ...more  
Comment by NAGGY23 on Nov 30, 2020 2:39am
Thanks for the great comparison We were thinking the same to keep UGE and also take a position in GRN as well and hold for a couple years ..your valuable info is much appreciated ..