OK Sonic............... Fully loaded again. Another huge surge...

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64eheh

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15/12/23

08:43

Post #: 71462125
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Originally posted by 64eheh ↑

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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OK Sonic...............

Fully loaded again.

Another huge surge for REMX again last night. The Rare-earths etf.

Another huge surge for Tesla, taking it just shy of break-out line.

All looking good again, though early days.

It was the breakdown of the Rare-earths ETF that caused our problems, so nice to see it recovering.

Should be another green day today.

.

VMM Price at posting: $1.31 Sentiment: Hold Disclosure: Held
7 Upvote

1 Great analysis

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