Post by
Oregonduck on Jun 05, 2024 10:35pm
The Madness of Stock Market Crowds
People are still mesmerized by Chuck Fipke who once discovered the first Diamond mine in Canada. Cantex Mine after collapsing from $30 to $0.015 in 2018, and subsequently had rolled back its shares 10 old for 1 new, and began trading at $0.15. The stock then spiked up to $7.0 on speculation of Fipke discovering 51% zinc in Yukon. Now it is back down to pre-discovery price level of $0.13. Why is there zero value put on this world-class discovery? It is worth pondering. One thing I learned from the stock market is never average down on a losing preposition.