PRL 0.00% 4.1¢ province resources ltd

This will retrace soon enough, let's enjoy the upswing but also...

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  1. 190 Posts.
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    This will retrace soon enough, let's enjoy the upswing but also be realistic enough to understand that this is in the early stages of the feasibility process. Accordingly the price will swing around like a cat. Positive press always bodes well, but it also goes the other way. If we don't see consistent and good data coming from management about the FS status confidence will wane and it will go south.

    Sure, this is being touted as the next VUL but I highly recommend analysing how and why VUL prices spiked when it did and what it has retraced to around $6. Many people singed by that retrace in SP.

    Similarly, it is easy for the unsuspecting to get burnt on a speculative holding like this. DYOR, can't stress this enough. I took a nice profit today and will surely buy back in when things cool off. I have traded nicely off this for months now.

    The being said, I am holding some for the long term.

    It's a good ride to be on, LT looks good.

    Last edited by NassauPalmyra: vu 08/04/21
 
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