I'm now just holding a much, much smaller position than before, so will see how it goes. I bought in around .95c around time of cr. so had to protect my profits. Those that bought earlier probably have a bit more leeway to hold through this wild volatility.
Anyway, VMM is exceptional but the rare earths market is crap. IXR has been making announcement after announcement and going nowhere..........at least in the short term. Long, long term different story. My bias as an active investor is always short term.
Anyway, could be a very good day today for VMM as the VanEyck Rare Earths and Strategic metals ETF (REMX) surged 4% to 56.95........though still not breaking the long term downtrend, especially since July
See here..................
https://finance.yahoo.com/quote/REMX/chart?p=REMX
That is the most likely problem, and why VMM is not roaring.
And someone mentioned 'forced selling'
Setting a stop loss order (profit protect) is not forced selling. It is a sound risk management policy to stay highly profitable in all markets, in all stocks, at all times. Ignore it, and over time watch profits turn to losses.
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Last
$1.36 |
Change
-0.080(5.56%) |
Mkt cap ! $86.70M |
Open | High | Low | Value | Volume |
$1.45 | $1.45 | $1.36 | $530.1K | 379.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.37 | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 1.355 |
2 | 7000 | 1.350 |
1 | 747 | 1.340 |
1 | 3787 | 1.320 |
1 | 4656 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.370 | 7000 | 1 |
1.405 | 2135 | 1 |
1.410 | 39969 | 1 |
1.450 | 1000 | 1 |
1.470 | 7388 | 2 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.37 |
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Change
-0.080 ( 5.71 %) |
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Open | High | Low | Volume | ||
$1.45 | $1.45 | $1.36 | 41294 | ||
Last updated 15.57pm 07/06/2024 ? |
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