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It's always the way. The sell in May frenzy sometimes carries...

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avagadro

13,165 Posts.

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15/06/22

15:48

Post #: 62016142
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Originally posted by auro ↑

I’m loving (read: in amazement with) the bargain basement prices - one example of a few - PFE has broken under 10 cents for the first time. Spec explorer at 9.6 cents is now valued at just $7.5 million. I estimate it will still have over $5 million at the end of this month as it had $5.8 mill at the end of last quarter (March), and that is being somewhat conservative as they won’t start drilling till next month.

June is just one of those months you wonder how people can sell value so cheaply. No reason come July/August that, where there is value, the numbers and news flow should deliver a more reasonable market valuation.

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It's always the way. The sell in May frenzy sometimes carries over but company earnings and dividends drag the market back up once all of retail has been chased out in July. It's just the way the market works - sadly.
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