Thursday rebalance pushed it way over NAV and Friday traded as if the ATM didn't exist.
Typically there are 2 types of bullish days:
1. Open at large premium and sell back to NAV 2. Push higher and get pegged at a price level #uranium
Both 1 and 2 would suggest a decent two way market.
Either there are enough sellers to fade the move. Or, there are enough sellers that Sprott can eventually fill 100% of the offer volume at a given price and peg it there for a few hours.
We did neither of those.
Nov 14, 2021 • 5 tweets • 1 min read
It's pretty entertaining watching well known, successful people try to use social media.
99% won't even try. They will just be "thought leaders" to their large followings. Occasionally dropping wisdom and ghosting with no interaction.
But occasionally someone tries...
But even when they do, they almost always carry a trump card with them.
The two most common in finance are: 1. Brow beating any naysayer with a laundry list of past successes. 2. Carrying themselves as super serious fiduciaries. Less common today, but was the old RIA playbook.
