Bullish sentiment in Junior sector is growing
Everyone knows how or why to be bearish, but who knows how to be bullish. What are the signs that jump out and say it’s time to buy? Volume is one factor, and over the last 18 months a lot of stock has traded at or near record lows on a huge number of small caps. Mid caps have become small caps. News releases became liquidity events, and companies traded heavily and went nowhere, even down ticked on good press.
I see stocks starting to edge up on news. Not a lot,but at least flat or plus at end of day. Sell sides of many stocks are thinning out. Companies that are solid and have been throughout this depression are starting to raise money. Osisko vs Goldcorp has sparked some bottom searching and finally the word on the street is turning positive.
We shall see. The next two months will be very telling. Look for a flurry of mergers and acquisitions to take place and let’s see how bullish PDAC will be.
Do your due and trade cautiously.