YRR, page-52

Over the Years this is how I feel peoples emotions are with Spec Stocks - Especially ones in current Bubbles.

1 - New Bubble (Potash , Uranium, Graphite, Vanadium ) - Excitement as the stock you have held for years has done nothing and now Boom... action.... a new lease of life.

2 - You jump on board the stock as Hot Copper / Stock Monster / forums are all talking about this new stock that founds great results

3  - Its the next big thing , in the next 10 years your new found metal/material is going to be used everywhere. China want it the US need it , there is a shortage  

4 - Price is up 80% in a day - Quick get on board , load up, everyone is telling you this is going to the moon. Even heard there will be no stock to buy in the end. The train has left the station. Cheer squad at the ready.

5 - A bubble can last for years and most do burst and the next material or next best thing happens, we have seen it over the last 20 years with lots of re-unable energy ideas. ( A company knows that bubbles are happening and its in there interest to announce news about the product they have to help the SP rise) Remember most own shares or have friends or family who own shares.

6 - Big Fish can see a bit of price action and will get involved making millions on the rise of a SP on pure speculation ( the smart ones exit before the other big fish decide to sell and let the price slide )

Look at TON , not saying the graphite bubble has ended but they have a pretty epic resource there and the SP seems like Graphite has finished when we all know its just started but the hype and excitement has sent the price down.

So in my experience most new traders get over excited its hit 2.9c for example and quick buy in its going to 10c when the big fish will not let it run to 10c because they will keep buying in the 2s and selling in the 3s keep making cash up and down up and down. Why let it run to 10c and make it difficult to trade, it would need an absolute amazing announcement to push back lets say 4c a JV with cash or something fast trk the drilling. Hype can only push a share so high IMO before the big boys take profits and move on.

So most holders who bought at in the high 2s won't have stop losses they will of been eaten up and now be sitting at a loss , not saying YRR will drop back to 1.5 or lower , but for example it does they will keep posting cheer squad messages about how high the price will go and see you at 10c , then eventually as the years pass they will call it a bottom draw stock. I say this because I have plenty in the portfolio that did exactly the same thing.

This end of the pond is the toughest , its the hardest to make money and most lose cash and learn hard lessons before making a decent return.

1/10 spec stocks go to the moon. The rest rise and fall and the smart exit at the top , the rest some go ok then run out of cash , just be careful if you are new to the game. Ignore the noise and do your own research. Invest what you can lose. To be fair some of the people on here I know day trade and have chatted to for many years they will post things like its going to the moon , I am long term and when I speak to them they have sold out already on the high. Its a cruel game share trading.

Well good luck I will keep an eye on YRR and maybe enter when they release some solid news.

GLA , hope you guys make some cash


JAmes