What's your Top Trade for next week?
Again, tell us why, what your holding period is and for a "bonus", discuss some of the RISKS, potential downside and what an investor could do to MITIGATE those risks.
Best Answer
299 points
thinker70 answered 4 months ago …
In the 1980's when gold peaked at around $850. (inflation adjusted approx. $2100. today) there were dozens of penny stock miners that went from under a dollar or two too $20. -$30. a few even higher than that.
It is true that junior miners have been really beaten down the past year and YES i have lost money as have other gold bugs, but the search for great assets continues. Looking ahead I see great potential for consolidation in the industry as it is cheaper for the big companies to replace their reserves through acquistions then through prospecting themselves.
In all my years of investing in this sector I have NEVER seen as lucrative a potential situation in this sector as presently exists with a junior with an asset in B.C. that has already had over $50. million plowed into dilineating the size and potential of the resource but due to takeovers of major companies and other mitigating factors has just now ended up in the hands of qualified geologists let go in takeovers who KNOW the value of what they had worked on.
All the pieces of the puzzle seem to be falling into place for a .37c stock on the TSX-V and the complete history of this amazing story is available on the website of Terrane Metals Corp. trading as TRX!
Do your own due diligence but I have never in my life seen a stock selling for .37c that has such a rich history now being brought into fulfillment by such a highly qualified team of professionals.
I think this will be a long term hold as the mine is built and brought into production but there are always risks just as existed with Nova Gold whose Galore Creek development was put on hold cutting the stock price by over 50%, the difference is that Terrane is so low priced it is pretty difficult to envision a major decline in price! Myron Martin
Answers
160 points
KenTrester answered 4 months ago …
Believe it or not, my systems are showing that Avon Products (AVP) be a short-term market leader if stocks can resume their rally. The stock skyrocketed late in July month, though it's pulled back a little recently, which offers an attractive entry point for call options.
I actually rarely buy underlying stock and instead focus on call options to benefit from upside movement. Call options help mitigate some of your risk and require much less capital than getting long the stock. Again, this is a very short-term play, but for options investors, it could yield some positive results.
249 points
BoxCar answered 3 months ago …
For 6 months Chiniere Energy LNG has tumbled thru 4 levels of 20, 10, 5 and most
recently 2 to 3. If one believee Feigenbaum's number from Chaos Theory holds true here (F# = 4.692+) then there won't be a 5th tumble, that LNG has bottomed out and
should begin to climb back to its normal price range of 25 to 45. It should oscillate
between 3 & 6 for at least a couple of months before cold weather demands LNG.
Original reason for the drop was a CEO had to meet margin and sold off 1million.
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