Big day and week coming up across the board.... nice......Now we've got a pile of economic catalysts : US internal affairs and debt issues, EU economy, Wars wars wars.... the new one just pop up now... Israel/US vs Iran...You take a look at S&P, DAX, FTSE, HK, Nikkei, XAO in OZ.... you name it... they are all overpriced... its only a matter of time for a roll over....Red Flags.... Dividend stocks are not in fashion atm... but, you see a lot of more aggressive and speculative stocks that are now seeing gains...Every time we've got a play like this the Market usually rolls over.People are frustrated and are wearing horse blinkers.... the sheep will follow the sheep hence its so good for smart money to sell into it and easy to profit taking.Macquarie and UBS started easing on Friday and many investors started following the suit since the news on Israel/Iran start of war.World Bank sees slowest global growth outside recession since 2008.The rule of Smart Money is always to liquidate either your bad bets and profit taking on good bets....Specs - speculative stocks like EXR are the first to be liquidated... followed by Mid and Large Caps.....The problem with this cycle is that once we've got a roll over on the markets.... stocks will get cheaper.There is no Smart Money that will enter Specs.... where they can enter a Mid and Large Cap for half of its current prices.Many specs will either go bust or will be 1-3 years to even recover where it rolled over.For EXR itself, its a massive gamble. The company failed on 2 major projects - Mongolia and Grandis QLD. The old CEO Neil, took advantage to start divesting on its assets decoupling and setting up Mongolia for his own sake and future.Also divesting ATP2077 that was palm off to a company that is not even trading on ASX due to financial issues.The same company from XST Xstate, has a director which is EXR's geologist...LOL how coincidently is this?So, Lorelle-3 in August/September. The big gamble and question..... If it encounters just a slightly issue as they did in Daydream 2, you can easily see the stock price going to less than 1c.... it will be perhaps the nail in the coffin and pretty much the end for EXR.If it succeeds, it will be a long road until anything... better revisit the latest strategic plan which in most cases get pushed further in time.
Are we close to roll over once again?GLTA
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