A Study in Hype-Ology
OK
There’s NO Mania like RO Mania
🙂
Many of us have been “investing /gambling” in PM “Stories” for many many years.
I think I first got hooked on PM Miners from getting a story ( like the one below) back in the early 1990’s
from one of the now notorious PM Hypesters via physical mail back in that day.
Anyhow even those of us who have experience and understand TA can fall for this stuff again and again .
This Sector ( Gold Explorers / Penny Stocks ) has a long track record of impressional public investors believing a get rich quick story and losing their shirts .
Come on…admit it…you have all fallen prey to some version of this story at least once.
The latest to come to mind is Novo Resources
https://goldtadise.com/?p=422022
Anyhow I think we should follow this one as it seems a very impressive co-ordinated “story” is being put out there via multiple outlets. I have seen legit websites put this out there. Do not shoot those messengers as they have simply been approached and paid to send this info out to their data bases . They do not endorse this company as far as I can see…and there are the required disclaimers ….
Anyhow this “strategy ” is working very well right now.
See the Chart w volume the last 2 days , below
I think it will be interesting and instructive to follow the path of this stock over the next little while
Indeed some here will jump on board with both feet.
Some will play it just for the hype …..remember BreX was hyped from pennies to $250 before it was revealed to be a scam.
Most of these stories do not get that far though.
Maybe this is for real and maybe not …but the odds favor ?
Enjoy
Remember THE MOTHER OF ALL Golden HYPE OLOGY
https://goldtadise.com/?p=369632
GO ROMANIA !
400% in a few weeks – Definitely a case of take profits and just leave a relatively small amount invested with stops. We all have different risk appetite though. Mine will be tested if the Uranium stocks really take off.
Pump and Dump
Grease and Fleece
Give and Go
Lunge and Plunge
take your pick
What about the reverse? “Dip and Rip”? Or maybe this is happening in slow, slow, slow motion for the PM sector!
That ESM chart reminds me of many biotech stock charts. Talk about gambling… in my experience trading biotech, its even more volatile than PM miners! Given the binary movements related to clinical trials…
Woke up one morning to a +125% gain in pre-market for a positive clinical trial for ProQR Therapeutics (PRQR). On another occasion woke up to a -80% pre-market crash for Vital Therapies (VTL) due to a failed clinical trial. The stocks themselves behave like call options LOL
The 2016 movie “Gold” is about the Bre-X mining scandal. Actually learned about the scandal from this movie. It stars Matthew McConaughey who is very popular with the millennial population 😉
https://en.wikipedia.org/wiki/Gold_(2016_film)
Great Movie !