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I was viewing similarly also. But wondering if you had other info. Thanks. Yes, the dilution might settle down after the recent dump unto the market.. It could still hit .0006-.0007 yet, but I think it is close to done.
How do you know that financier is nearly out of shares? I would guess that is likely, but how do you know as you claim? Just wondering.
I'm looking at start entry near .0008-.0009
Bought some QRM @ .255 yesterday. I'll add more if drops toward .20 or less. I see a trade here to at least .35, possibly .40-.80+ by July or August or Sept time frame.
Oh the truth, how some here can't accept.
Could be finally ready to take off. Buying after the NASDAQ warning as I have posted would so far seem to prove right approx time.
You are referring to Tasman metals??? Why do you constantly quote Canadian listed versions of companies?? I suggest you go to Canadian message boards, to reduce confusion. Otherwise get with the USA exchange listed program!!
Anyhow, TAS also had a recent 'bounce' run 25%+ from .80 last week (& I happened to have benefited by catching that trade timed right, as I posted this on TAS board), but they are all just some independent volatility, bouncing from their sell offs prior. These independent moves have nothing to do with management, as most of them are in same area of down trend, longer term dilution issues & overall in sector getting hit. QRM will have its turn at good days eventually.
As I've been saying, wait for the recent dilutive finance factor news & selling to become factored in, then look to buy QRM for best entry. Could see low .20 area yet. Patience = key here.
But eventually .40-.50's for a swing trade this summer.
People don't count share volume that way. It is done per stock, per exchange.
No one knows what you mean when you post data like that, and furthermore, you are exaggerating a fact for bloviation of your point when you combine all exchanges volumes into one.
Just stick with the facts on QRM on the AMEX-NYSE.
Dilutive financing is the common tool stocks like QRM use. You should be aware of how it works & be prepared for it.
It's not really "MMs" at play here. Just dilutive financing. Be patient & let the related sell off become priced in, then buy (soon)
Since last Rev split, the # of outstanding shares has increased approx 90-100%. "Dilution" is the word over here. Trust ELRA only as a short term swing trade. Take the profit once you would conceivably get it & don't fall into the hype like most here & hold too long.
In general, you should treat most OTC penny stocks the same way & assume dilution as ongoing & trade accordingly
China has to be careful, otherwise they will incite an intense trade war. They don't want that, along with the USA and the rest of the world. So what China is doing is playing a game of restricting exports, curtailing REEs.
1,169,661 = Volume for Friday June 13 close on QRM! Where do you get over 2 million??
and the trend has been down immensely. But we did have 2 green days earlier in the week, so it has NOT BEEN DOWN 7 DAYS IN A ROW.
And I would not underestimate this thing to sell off some more yet. It could go down to .22 or less. But I do think it is close to done going down, however.
Yeah, how about it? All I'm saying is that Iraq or other geopolitical events don't have an affect downward on these Rare Earth stocks. The Rare Earths have been dropping for other reasons. The geopolitics events may not affect them upward lately, but certainly geopolitics is not having an affect on them downward, which has been my point since last post.
Why would you think geopolitical tensions increasing would force the stock of a miner/explorer of rare earth metals in Canada to go lower?? If anything, it would help it. Precious metals, rare earth or any needed metals in short supply are affected positively by geopolitical tensions.
What's driving QRM lower recently is primarily dilutive financing news.
PENNYSTOCKS.com is active again lately.., And they're the remnants left of APS. Their latest pump is RNBI. But their following is down huge & they have little affect beyond an initial day or 2 on the stock's price that they promote. So for the most part they are useless until they get back their wind in their sails. Until then, depend on good ol' fashion DD of your own to find good stocks!!
LOL
QRM will see .40-.50 for a short term trade by July-August (or possible for much higher than .50)... that's my speculative opinion. And in the interim it does not mean it could not see some new lows yet, but we're close to a likely bottom.
You don't seem to have given any realistic reasons why BAXS would plummet. Many would say it has already 'plummeted', as it fell from 1's to .55 all time low in a short time.
The only factor I can think of as possible in next few months for negative on it would be if they announce more dilutive financing, otherwise buying around these levels since NASDAQ warning makes sense to me.
And with these biotech & medical companies, there is always a risk of bad company product news, etc, but the risk/reward at these levels is a buyers favor & i personally think most negativity in that regards is factored into the price already.
Also use other rare earths as guide in terms of trend (REMX fund, REE, TAS, AVL)
.27-.28 is probably near the 'bottom' area, but don't be surprised to see lower some yet (maybe .18-.22), so anyone buying this thing anticipating a bottom should apply this as a scale-in strategy & be ready to add even lower than approx .27 today. But I personally think most likely this thing done dropping in .20's.
Best strategy here (like with all stocks that announce new dilution) is to wait for the recent news & selling to become factored in & let QRM hit some crazy lows such as .20's, then buy some & ride up the next eventual 'pop' upward.
Even PAL, which I recently successfully traded was far more diluted than QRM in the near term & I applied same strategy waiting for low .20's to buy after huge dilution news factored in. Follow what PAL stock did the last few months & you have a map for what to basically apply to QRM.
ok, funny!!! It is unfortunate you have such self doubt, but I understand how you feel. What you need is a psychological change to change things.
They can dilute & Rev Split all the time so long as they have shareholder approval & regulatory approval (FINRA, etc.). A rev split every 2-3 months is possible. Look at NEWL, SAPX, as examples.
I'm not predicting what ELRA will do, but replying to your post, to say that rev splits can happen consistently & you should not underestimate crooked management such as this.
you think QRM getting cheap now or stabilizing for entry?? I timed TAS well today near .80; Another rare earth I like.
.80 was good spot to buy it seems as of end of day June 12!!
It's hitting my .80 area. Could be good spot to start scale-in entry.
Time to get in here around 10 for scale-in start. Should get a trade back to 13-16+
dilution isn't that bad yet on PMBS... At least not in terms of the the trading & pps movement. Opportunity developing here
Volume got kicked into high gear!!! And not in a good way
JNUG is based on the GDXJ. And what is happening contrary to past is that institutions are independently buying up Jr Miners despite the weak gold run. (in past gold & ETF funds such as JNUG tracked moves based upon gold more exactly).
Economic data has been good & surprising those of us trying to get into gold exposed stocks such as JNUG cheaper, & it is likely why gold has not broken past 1260's yet (but still surprising that it did not sell off lower on the good economic data and dollar strength).
If gold does not advance soon, then I'd expect a pull back in gold to 1240 again (or less?), then at that point we may get a pull back for opportunity in JNUG again before end of June... but question is how low would it go. Under 13 seems more doubtful at this point for JNUG.
Anyone looking at entry soon? Got price buy targets in mind for bottom?? Getting oversold. My buy possibility is near .80. But I've seen lows last year toward .50, so it is also possible.
For short term trading, it seems like .80 approx a good start point to buy.
It broke to a new low today, so not likely any technical bottoms formed yet. Unfortunately this crapper just keeps the descent
Yes you are correct on that point
All have good potential, but I like TAS quite a bit as one of my favorite rare earth miners soon at these developing oversold levels.
Maybe the data feed was temporarily incorrect when you quoted gold at your website. Always verify any extremely unusual quotes with multiple sources before concluding gold price
1,261.51 is what your website said for current gold contract June 10 evening.
I don't know where you get 1210 gold, unless you are quoting contracts many many months into future. You are confused Sir
"1210 gold dropped"??? Or are you saying you are speculating that?
well well, ok.
I think we mostly have a move now on short covering. The catalysts for gold to start moving up this early in June just are not there for support of higher price, so I personally think we may see a pull back yet after this short cover as this has been the movement pattern of gold-JNUG the last few weeks just bouncing around up-down in an area (so due for pull back if pattern repeats). Still chance gold goes to 1240 or less yet this month. If happens, I'll be buying for a trending swing trade over summer.
But keep in mind gold has possibility of gaining technical momentum above 1270 to 1300, so keeping an eye on that.
No, I'm not defensive, but calling you out on your apparent provoking of me while not using the facts.
You are immature to say that crap despite all the conflicting statements you made yesterday and over the last week or so. When you apply your own past words & logic to yourself, you are not being intellectually honest, & have no right to tell me crap about "told you so".
And you aren't even quoting me right, but that is what I would expect from a little immature person like you, to spin facts against a person. All my posts said I was waiting for 12 or less, and 9 in an extreme cast 9 might happen, & I clearly said there was risk yet for 12 or less that I was waiting for. I did not say with certainly I knew it would hit 12 or less!! I said I was waiting this time on side of caution even though I thought 13 was very low relative to upside later on.
I need to chill out, you say??
Maybe you should not provoke people with your sarcastic hypocrisy??
Go away if you are going to talk to me so intellectually dishonestly & disrespectfully. Yesterday i was congratulating you on your trade, & now i regret being nice to you in past days. People like you take cheap shots at people when ever they have the chance while not using all the facts.
I'm done here on this with you.
Excuse me?? The last time I pointed out 1-2 weeks back the risk for it dropping yet, your smart ass confronted me with "nobody knows", it is just a guess, etc., and you rejected my ideas flat out with stupid sarcasm.. So spare me your diatribe & conjecture. You are not being intellectually honest. And further, you just posted yesterday when you sold that you think it is going to 12's.
**Your own words have you cornered, so save me your crap, telling me you think you know it all.
I've been treating you fairly & kind the past few days, so if you are going to resort to that nonsense, then ignore me in future & don't reply to me anymore; I have no use for an individual like you.
I'm sure Buffets's associates get approached & solicited all the time daily. But honestly it would just be a big laugh for them to be shown the idea of QRM for their long term investment portfolio. So just don;t tease yourself with that fantasy.
;)