Sold $USAR today. Hit my $30 price target. Still like the company but I think at current levels it has about as much optimism baked in as I can tolerate.
It's a pretty volatile stock tho, so I'm sure I'll have another chance to buy back in when it falls into the low $20s again.
Boomers: "I prefer peace. But if trouble must come, let it come in my children's time. I want to be comfortable and they are a bunch of ungrateful brats anyway."
@curtis_yarvin ig demand for everything becomes inelastic at a certain point--can only consume so much. But the west will also likely have a shrinking population so maybe it balances out.
@curtis_yarvin jevons paradox: how dis make you feel? Will it apply in the long run this time?
From Torsten Slok at Apollo:
1) https://t.co/QFUAkEhlJv
2) https://t.co/AEoA9awfh5
3) https://t.co/Lwfcoje2B7
BREAKING: Iran cannot fully reopen the Strait of Hormuz because it "cannot find" some of the mines it placed in the waterway and lacks the capability to remove them, per multiple US officials cited by NYT.
The mines were laid quickly by small IRGC boats, and some have since drifted from their original positions.
NYT also reports that Araghchi's earlier "technical limitations" comment on reopening was specifically about the mine removal problem.
$SWMR. Pretty late to the party, as I only bought this morning. But it may be worth taking a look and maybe adding a small allocation. Could grow a lot based imo on the market caps of comps below. Already combat proven in Ukraine.
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Sold $USAR at $29/share on Jan. 16 on the U.S. gov't deal announcement, but now wishing I got back in sooner ~$22/share--at $24.38 in pre-market pricing right now. May still pick it up.