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Date Posted: 09:35:45 02/25/20 Tue
Author: philbond007
Subject: Eli @ stock analysis report using GBTC & CMCL as examples

Personally, I don't follow any of that stuff, but it seems to me that if a P/E starts going up, it can keep going up for a very very long period of time, along w/the price.

For example, GBTC has no P/E, but folks made decent coin buying when oversold & waiting for a pop. So what good is your P/E method if it doesn't take into consideration companies that have no P/E? Moreover, if you're going to reduce the score of a company w/no P/E, your model becomes useless, cause it doesn't capture shit stocks that can be traded for a decent profit like GBTC.

Reality is, stuff goes up cause there's capital flowing into it, & as an average fella, like myself, you're pissing in the wind trying to make sense of it all. Your best bet is to learn some chart basics & keep your focus on a handful of ETF's or stocks. If your flavor of dogshit has nice swings, trade it & don't be greedy.

Last year was a very very very strong year for me, & it wasn't cause I'm exceptional by any stretch of the imagination. After doing very little all last year, I made a LOT, I mean a LOT of trades in the last 4 months of 2019, to the tune of almost 100% return. No P/E, no ROI or PEG, or any of that nonsense. Most important, ignore everything, especially the news. This allows you to look at a chart w/no background noise in your head & you will NO DOUBT make at least a few profitable trades.

Anyway, here's two charts, GBTC & CMCL. Your valuation model will likely pick up something like CMCL, but it would likely ignore GBTC. BTW: I have a nice chunk of CMCL, & will continue holding for a long time.

GBTC: note that Gartley pattern which I really don't like, & also note the question mark, cause the tip of the TRIANGLE on the RIGHT can technically reverse & go much higher. The trade was in the FALLING WEDGE BREAKOUT, which can certainly still go higher, but has already moved 50+% of the MEASURED MOVE. Point being, the EASY TRADE is over, meanwhile, the price needs to challenge MAJOR resistance at $15.50, or needs to hold the minor support levels at $11.35 followed by $10.25. My opinion is the price action needs to make serious progress to the upside, else, $5 is not out of the question. Put another way, bitcoin needs some upside action in a big way.

CMCL: I've been holding this pig for a very very very long time. In a nutshell, the last snake who ran the company managed to keep half the company in stockholder hands. Mugabe & the crowd basically kicked the whites out & took what was essentially theirs to begin with. Unfortunately, they were very incompetent & turned their country (Zimbabwe) into a steaming pile of shit. Mugabe is gone & hopefully, they're making progress in the area of how to NOT SHOOT YOURSELF IN THE FOOT. This stock has a P/E of less than 3. What's the takeaway? If you can do business in Zimbabwe during the worst times, & hang when most fell by the wayside, it speaks volumes. Who feckin cares what the rest of the fundamental bullshit is, cause all that matters is they're paying a dividend, have no debt, & anyone's better than Mugabe. As for the chart, all that matters are those RED resistance lines, cause if/when it takes out $22.50, then $106.50 becomes very doable. Who knows if it'll ever happen, but for now, the chart looks positive. If you're interested in CMCL, click the link below & scroll to ALMOST NEAR THE BOTTOM of that page for the CMCL FORUM.

https://investorshub.advfn.com/Caledonia-Mining-Corporation-CMCL-5294/


WEEKLY GBTC CHART



MONTHLY CMCL CHART



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