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Question on ORE

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Question on ORE

“Hi again James and Team. I mostly execute your recommended buys and sells but occasionally, for various reasons, do not. One such occasion was your sell on ORE some good time ago. As a result, I was able to participate in their SPP in October 2020 and gained the full allocation of $30,000 at a price of $2.52. After issue in early November, the stock promptly dropped to below the issue price but then quickly turned around to rise relentlessly. On Friday it closed at $5.28 although it has been higher recently. I have let the 'trend be my friend', however, there appears to be no substantial news that has driven the stock to more than double in a couple of months. What are your thoughts on ORE and whether it is time to sell or at least reduce holdings.” - Thanks again for your ever interesting daily newsletters. David H.

Answer

Morning David,

Great work on ORE, we exited but did turn bullish in a morning report back in October when the stock was sub $3, a call we didn’t follow because when you’re bullish the resources, you cant buy the whole sector.

AKE
MM is now neutral ORE short-term.
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Orocobre (ORE)
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