Ryan, while I appreciate what you are saying, real capitulation is different. When formerly multi billion dollar companies literally attract no bids, that is capitulation. That's not to say Pisces wasn't completely onto this run..he was...but when capitulation arrives in an industry you are investing in, there will be no "vibe".....you will know. There will be no 500% runs on great drill results, or cap raises being supported. It will be very real and very intimidating and if you are like most of us, you will be more likely to take anything you can get for your existing stock rather than buy into it.
If you want a recent case study to investigate, have a look at the US coal industry. Read some of the media rhetoric and ask yourself if you wouldve bought US coalers in Jan this year.
I know it won't be a popular thesis on HC, but I think we will see a real commodities capitulation as part of the next wider market reset. The world is still very much oversupplied with most commodities (in particular iron ore). If demand dries up on the back of a crash then commodities only have one direction to go.
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Last
3,454.1 |
Change
18.900(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,435.5 | 3,455.9 | 3,435.5 |
| XSO (ASX) Chart |