The Precious Metals may have had a setback this week, but fortunately I stayed put. I am not a day trader nor am a trader, but my short term investing philosophy of choosing the right stocks but getting out before or at the point of storm had in the past compromised my overall returns, had I stuck onto them regardless, weather the short term pain to gain big over the longer run. I think that will be the case with Gold Juniors which I hold favourable outlook for a number of them as I posted earlier on.
My two EV horses, EMN and VUL were timely investments just after Battery Day but I am just amazed why market participants bother trading them for a few hundred dollars (ok maybe a thousand ), to me they will only get higher and higher as time progresses , they are IMO very worthy of being treated as investment calibre not speculative trades. The reason why I am convinced is not just the technology IP and proximity to the European market but it will get significantly re-rated when the instos start buying in and have it covered. I was one of early investors into Yojee (YOJ) when it was worth less than $20m, we know it is 10x more now , I got out before the 2017 tech boom ended, it was the correct decision because it was all exuberance , and little to show for, it remains so today but we have ISO speculation now. When I was in YOJ, the instos were not in , today Thorney has a stake in it. That backing helps even though I am not convinced of their business model and potential but that is another story. The point is that, retailers have the first bite to buy at very low valuations for what seems to be a potential microcap making its way into a bigger prospect, yes like CHN, DEG, MMM and many more. At $21m market cap, EMN is IMO a true steal and a potential 10-20 bagger if one is patient enough to wait. Likewise VUL at $70m , it should already be closer to Talga Resources market cap which is already >$200m. In due time, they will very likely get into a bigger market cap, larger enough for the instos attention and then get entry into the indices. Yes, just the way NVX did - only months ago, it was a 15c share rose to a height of $2 and got entry into the indices , and then Regal entered.
This is the reason why retailers can prosper in the share market not by buying blue chips that will be laggards but buying future potential but the tricky bit is to differentiate the true prospectives from the spruikers.
This week saw great movements in VUL, EMN, SCT, FGL, and to a lesser extent AO1 with main detractor being NVX.
