On April 4th, 2014, I published a report on Niocorp (NB.V or NIOBF) with an interview with the CEO Mark Smith. Since that time the stock has soared parabolically. Major capital is accumulating this company. I have owned this stock for more than two years and just took some partial profits above $.50 in Canada. I will look to add on pullbacks to the 20 or 50 day moving averages.
Niocorp is rising exponentially and has reached a short term overbought condition. New investors should look for a healthy pullback or consolidation to the 20 or 50 day moving averages.
Niocorp (NB.V or NIOBF) has risen over 230% this year while the S&P500 has been flat. See my recent interview with CEO Mark Smith below to see why. Mark built Molycorp (MCP) from hardly nothing to a billion dollar company...Niocorp (NB.V or NIOBF) may be his next major project he brings into production.
I would like to warn you that the stock has soared on major volume. Try not to chase the stock higher and look instead for healthy pullbacks to support to add. The stock has nearly doubled in less than four weeks, so a healthy shakeout could be restorative at this point. Make sure to sign up for my premium service to become aware of situations like Niocorp ahead of the masses by clicking here...
Disclosure: Author Owns Niocorp and has recently taken partial profits above $.50. Niocorp is a website sponsor.
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