Getting real on market reality.
There is a real in the media, and then there is the real-real. Text message on my PDA at dawn yesterday from Bourne Trader reads: “nailed the crude bounce…now awaiting the stock reversal (just a little dip before the rally into Xmas).” Counter this from several sources asking about the “obituary” of Company X in the rare earths sector, not to mention the sound of vultures smacking their lips as another public market tree hits the ground on the TSX Venture Exchange….the best part of present conditions is it is a great time to discover who the real players are.
“It’s been a challenging Fall.” I started with my Mother who is building a self-sustaining log cabin home with my Father on a small mountain in Tennessee. “How can this be?” she responds, and then continues with: “these have been some of the best markets in years.”
Here’s a snapshot at a three year chart on the TSX and then…the TSX Venture Exchange:
She’s right…if you watch CNN and invest in large caps like my conservative Baby Boomer parental unit. Or if you ask “the Wolf” from MarijuanaStocks.com who told me on Thursday that his portfolio this last year made him a princely 2600%. Perhaps you too remembered to sell while chewing your gummies and made a profit, unlike many I know: who are holding some pretty nasty losses, and now use their gummies to relieve the pain. I, of course, work in the emerging markets — so “the bottom of a bear market” is the soundtrack I am officially hearing. Add in, many small caps providing metaphors to mortuaries when describing their offices on Bay and Granville St. and voila, you may want to join the numerous rats leaving a sinking ship and hang out with them at the Vegas Marijuana & Business Expo later this week….or so I have been advised to do.
Over the last nearly 6-months, I have been dealing with a lot of depressed CEOs. Not all of them, of course — and I would like to state that many of the ones on InvestorIntel are the exception, not the rules….but being a publisher committed to the translation of reality in a constructive and positive light has made me want to book a vacation and join the perceived high flyers in Vegas later this week…
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But wait — I think the real fun has officially starting to percolate on Bay St…
Yes, on Thursday afternoon we noted a shocking rise in visitors on InvestorIntel.com, and we closed Thursday with nearly half a million hits that day. You may not know this, but we monitor another nearly 40 sites on rare earth education, and visitors were up 20-40%, depending on the sector. Interest was up in Gold, Base & Precious Metals, Rare Earths & Technology Metals — Uranium, and yes – Graphite & Graphene was part of the tidal wave. With a scintillating and tantalizing smorgasbord for any M&A or takeover investor to delve into towards preparing for prosperity, I have seen this before…interests increases sharply online, pause – wait, breathe, and then a week or two later: the rally begins.
So for those that have ‘gone underground’ or for the wealthy in our sector who are playing golf….would recommend that you start to reconvene at the club to compare notes as the game is starting to show signs of being back on.
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>