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RDM

4.76%

11.0¢ red metal limited

Red Metal Banter, page-343

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pimply56

5,178 Posts.

52

01/03/24

13:54

Post #: 72695693
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Originally posted by Giovanni33: ↑

I'm of the opinion that timing the crash is the billion dollar question. It's obvious to anyone paying attention that it must happen and even more severely than ever due to the reasons I highlighted above....but don't underestimate their ability to destroy the dollar with a few more rounds of QE to keep the game spinning. They'll only stop doing that when they literally cannot (contrary to popular opinion there are a number of scenarios where they cannot keep printing).

In both my play money speculative portfolio and my defensive one, I am targeting low or no debt companies. I figure one has to be in the market, with reserves to double down if needed. Plus some of these defensive stocks will likely go up as safe havens during a crash, which can then be rotated out of and used to double down on specific investments which shoot the downside more than they should as is human nature.

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Timing anything is the key .
I thought 15 cents was the new base level , it hovered around 18 for a while and may retrace all the way to 13 , but that is just an estimate based on a hunch only.

I'm set unless it goes back to a ridiculous price, I can't time anything exactly right because I have already topped up.

Pretty sure we'll do ok though , which is why I threw the kitchen sink at this.

I'm tired of trying to time the market , time to make the money in the waiting now.

RDM Price at posting: 14.8¢ Sentiment: None Disclosure: Held
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