Niocorp Developments Ltd (NB): About 20 years ago, I was heavily invest...

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Niocorp Developments Ltd (NB)

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Tuesday, 03/28/2023 2:10:32 PM

Tuesday, March 28, 2023 2:10:32 PM

About 20 years ago, I was heavily invested in a stock like this, which was only commanding a very small price on NASDAQ. Just like NB, there were many naysayers who talked SP down, and sold short. This scam worked for a while, but as positive news started coming out, the pressure on those short sellers became a “short squeeze.” It wasn’t long before the panic by those short sellers catapulted the SP, which combined with the positive news, resulted in significant rewards for those who weathered the storm.

I’m not advocating that anyone hold against their own interests, but confidence in a well-run company can pay off in the long run. At the end of the day, who do you trust?

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