We have the odds of seasonality with us in the juniors, for the next six weeks or so .... not a sure thing, and won't apply to all of them, but it improves overall chances by quite a bit ... it's the second best time of year for entry imho, the best being around the first week of december
In the long run we have the secular bull for resources ... some of which will fare better than others, oil for sure, likely silver zinc and nickel above average
In the meantime though, what happens ... recession would mean a lot less resources being used, and supply chains could catch up a bit for a while ... some seem to believe China to be recession-proof, but you really have to wonder if any place could ever be ... so i'm playing it a little conservative, for me, had some cash to bring back to the market and only put two thirds in stock accounts so far, likely will hold back on the rest, kinda like having the liquid options right now
Warrants expire - this is all you really need to know about them, lol ... from the moment you buy them they are going tick tock tick tock losing their value ... they tend to have been created out of thin air at the time of a financing in which the company involved created large amounts of their common, also out of thin air, and now needs a lot of time to put that capital to work, to make the whole exercise worthwhile ... well this time they need seems to average somewhat more than the time the warrants are good for, lol ... a few years ago ngt/aas->agi.to was very good to me, but i gave back near a quarter of profits in getting seduced by the apparent leverage of the ngt.wt warrants - things just didn't come together in time, they expired worthless ... had they been five-year warrants, they'd have been a hundred-bagger or something
When you make a bad buy on the common, you're often not wrong, you're just early ... can't do that with warrants, where wrong is wrong, period ... that said, i've got a few of the epm.wt.b, picked the first ones up on a whim, they are fairly long dated, keeping it strictly to beer money ... also thinking of the bwr.wt, of which koan speaks highly, not inclined to chase them though |
