Thread by @BambroughKevin

This is a very constructive day as after the big 2 up days we had sput is doing volume at a healthy premium. Given its drop and premium shrink my bet is many took profits in the morning on mining stocks

But the resilience is a sign of strong new buyers. The diamond hands are coming in and taking stock away from longer term holders that have made incredible gains already. Can’t blame some for taking what’s already been life changing gains.

But it’s the action like that that shakes out the original bull riders. The patterns change and we are now in that more steep wide mouth column and it’s time to consider the use of semi log charts to look for new extremes to be hit

$palaf $pdn gets added to the ASX 300 Friday. Interested to see how the next few days trading goes.

Personally I’ve been long $pdn $palaf since the start of the bull. I trimmed a little to add $lot $el8 and make a leveraged physical uranium bet. The ASX 200 addition come as well next quarter or two.

Shares that will be bought over the next few days by ASX 300 funds will not be sold for probably 20 years assuming the nuclear revolution proceeds as planned. Same for the future ASX 200 fund buying.

I also believe in a commodity bull market continuing and the ASX 200 and 300 will likely be the recipient of large inflows from around the world going forward so more $pdn $palaf shares bought.

I like catalyst investing and we have these additions plus eventual mine restart coming ahead. With the uranium price moving higher I’m happy to sit back and watch these index funds try to buy other peoples shares.

There may be a pop and a bit of sell the news. But I believe it will be digested quickly and the market will look ahead to the future index fund additions and Paladin returning to production and cashflow in a spiking spot market.