After stumbling onto a news release about new processing technology, I picked up some WMG.V (western magnesium) stocks 3 weeks ago. Been a fun ride, went up 100% in a week, dropped back down a little, then big fall today. Still up 20% in 3 weeks. Thinking of picking up some more today
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- Thread starter Rain City
- Start date
sasqman
Crew Member
Ya that's a good return. I picked up at 2.50 and just picked up some more at 10.
Hopefully this slot keeps paying.........
I’m in at $0.10 on this one. Not a huge position but it’s getting fun!
banger17
Well-Known Member
Falling for months - whats the speculation and timelines?
my RHT.V is finally starting to roll - got in within the $0.20's and hope the trend continues.
baddogg
Crew Member
FOBI.V formerly Loop has been on a bit of a tear lately. It was up 13% yesterday and again so far today up 13%. CEO Rob Anson of Nanaiimo has put together a pretty good group of partners and clients. It was slow going for awhile but looks very promising right now. Happy to have a piece of it.
fish brain
Crew Member
This looks interesting, thanks for the tip.
baddogg
Crew Member
Some profit taking going on today, not by me lol
Thunder21
Well-Known Member
AFRM is up big today. It’s a financing service that may make its way into bigger players like Amazon and if so, there may be a lot more upside from what I’m reading. Rather than using high interest credit cards, this service would allow someone to finance online purchases at a lower rate on a fixed term. If it dips at all I’m likely going to buy some.
ab1752
Crew Member
Haha...this thing is in my tfsa and I'm sitting on a pile, so if the torque they are building converts, it could be a pretty damn sweet pod. My concern is they will get picked off well before but that's ok too. Their most recent news of this week is remarkable so we will see how the envy few quarters play out.
wildmanyeah
Crew Member
Analysis: China's house of cards: Evergrande threatens wider real estate market
China Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country's top-selling property developer.
This could get ugly
baddogg
Crew Member
Fobi continues its upward trend with some intermittent expected profit taking. On September 9 when I previously posted it was around the 2.00 mark. Presently sitting at just over 3.00 right now. Rob Anson, CEO, living in Nanaimo loves to fish as well by the way. I am holding onto this.
Read that yesterday. Currently re-examining my pension investments.Analysis: China's house of cards: Evergrande threatens wider real estate market
China Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country's top-selling property developer.www.reuters.com
This could get ugly
nicnat
Well-Known Member
here's another article on the situation. https://www.theglobeandmail.com/inv...builders-debt-struggle-is-rattling-investors/ this makes more sense to me. I'm currently sitting in about 40% cash having clipped profits in some high fliers and selling some losers over the last couple of weeks. fairly defensive portfolio at this point. more buying opportunities on the horizon imho.
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