MARKETS,Anybody even yet?

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olds442jetaway
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Re: MARKETS,Anybody even yet?

Post by olds442jetaway »

Can’t argue that. I remember though 30 years ago, a local company had a fleet of Hydrogen vehicles on the road. They loved them. One problem. The exhaust dripped water and they froze up in the winter. I still think Hydrogen has big possibilities though. Have to look further into it.

olds442jetaway
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Post by olds442jetaway »

Ugh! Late to the plate again. I was going to buy this at 21 this morning. Didn’t. Now look. Major screw up by dumping IBM too. Up another 5 or 6 points. Wondering if the market is getting overheated. All indexes are now up for the year. Some p/es are way too high.
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dinghy
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Post by dinghy »

olds442jetaway wrote:
Mon Jun 09, 2025 9:22 am
I still think Hydrogen has big possibilities though.
Energy is a difficult analysis imo because the entire framework of needing to reduce carbon emissions is communist propaganda. (You are the carbon they want to reduce.) On the other hand, we correctly want energy that's cheap and "clean" -- in the context of air pollution.

Some of the new energy technologies rely significantly on metals such as platinum. I expect that's how I'll participate -- through my miners including SBSW.
olds442jetaway wrote:
Mon Jun 09, 2025 12:19 pm
Wondering if the market is getting overheated.
I have typically been skeptical of "new eras." For example, gold has been through many cycles, and at the bottom of every cycle people declare that gold is obsolete. But it just keeps chugging along because human nature never changes.

Enthusiasm for US vs international stocks has historically cycled. Presently, US stocks are near an all-time tippy-top relative to internationals. This as the current Republican regime continues to preserve the DC swamp, as I expected. So yes, I think the US market is overheated, but the international market is not.

olds442jetaway
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Post by olds442jetaway »

Interesting to say the least.

olds442jetaway
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Post by olds442jetaway »

Could be a mistake, but I took a shot on HNATF. .326/1,000 shares. 52 week .15-.55. If I get dinner money out of it, I’m out. If it makes it to .39 or that’s enough for a great dinner for 2. If it makes it to .356, it will cover a Pepes Pizza and our drinks. 😂. If if flops and goes to 0. Uncle Sam and the greedy State of Ct will cover over 100 bucks of my loss. I’ve posted many times before why I call my State greedy. ( the powers to be ). Taxing gross gambling winnings with no write off ability for losses at all is insanity. Even the Feds allow that if you itemize.

dinghy
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Post by dinghy »

olds442jetaway wrote:
Tue Jun 10, 2025 3:34 pm
Could be a mistake, but I took a shot on HNATF. .326/1,000 shares. 52 week .15-.55. If I get dinner money out of it, I’m out. If it makes it to .39 or that’s enough for a great dinner for 2. If it makes it to .356, it will cover a Pepes Pizza and our drinks. 😂.
I'm averse to transaction expenses.

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In this case, each buy or sell is disadvantaged about 1% from the midpoint. Possibly the actual fills will be tighter than that, but I wouldn't assume so.

If I insist on buying a penny stock anyway, I will normally intend to hold for a big gain because if I trade in and out, the expenses chew me up.

As I've mentioned, Canada is my top country allocation -- but many of the mining companies are scammy, particularly on the Venture exchange. Companies will fail at one endeavor, and then change their name to chase a different fad. Dilutive share offerings are regular features.

olds442jetaway
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Post by olds442jetaway »

Funny. This is the only penny stock I’ve bought in the last 35 years or so. Bigger fish to fry hopefully. I think the market is way overbought again, but who knows.

dinghy
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Post by dinghy »

I'm trying to dial down my outsized gold miner exposure, but couldn't resist dipping into PPTA Perpetua Resources. The company is a US-based junior which has obtained nearly all necessary approvals for an Idaho gold mine with supplemental production of antimony. The latter is an important component for the war machine.

A major shareholder is billionaire hedge fund manager John Paulson, a vocal supporter of both the Trump Admin and Our Greatest Ally.

PPTA stock crashed 20% today on news of a "bought deal" financing package. I "bought" at 13 and will add more below 13.

olds442jetaway
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Post by olds442jetaway »

Hope it works out. Yes, Antimony is used to harden lead in bullets, mortar rounds, etc and a bunch of other military uses. I guess the price will be a bit over 13, so that’s why the stock is down. Wish I knew if it creep back up in short order. Also used wheel weights. Pretty dangerous stuff to handle and breathe. I’m going to eyeball the stock tge next few days

dinghy
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Post by dinghy »

WHY DO THEY HAVE TO START WW3 WHILE THE MARKET IS CLOSED?!

The late session ended at 8pm Eastern, and within 15 minutes or so, the antimony was flying.

Gold is +1.5% on the news. Silver is unch. US stock futures are -1.5%. Bitcoin had been sliding all day, and is extending those losses.

But I'm not confident the moves will stick through to the Friday morning open. The US is downplaying its involvement.

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