How copper prices have plummeted to six year low yet SCCO share price still going strong. Insiders across all companies are brilliant at keeping shares irrationally high short-term while they unload knowing that slowing demand and the next recession will eventually catch up to revenue and earnings in the months ahead. SCCO will go back to its long-term pricing of $2-$3 over the next 5 years.
Current selloff over, buyers rushing in. The good news is the next global meltdown has just begun. The upside is severely constrained because risk appetite has already shifted for this cycle. Once people see nasdaq drop 8.5% in one day they are VERY cautious buyers...and will sell at the first whiff of fear.