Key investor psychology to understand:
1) Conviction allows sitting on a theme
2) Fear is not when a price is going down, but actually when it's peaking on euphoria
3) Greed is not when a price is going up, but when its bottoming
4) Expectations govern stockprices
#uranium
1) Conviction allows sitting on a theme
2) Fear is not when a price is going down, but actually when it's peaking on euphoria
3) Greed is not when a price is going up, but when its bottoming
4) Expectations govern stockprices
#uranium
In recent months many of our followers misunderstand, the different between expectations built in and actual outcomes, stockprices often gage 3-6 month future expectation outcomes, particularly when a sector is in a momentum phase of its cycle like #uranium today.
Actual outcomes are less important if they are already priced into expectations, at the recent peak of #uranium stocks the implied premium over spot was $15-20. That has reduced by $5-8, to $9-13 depending where the spot moves next week relative to stockprices.
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