Fahy Capital Management has weathered the downturn well, with a loss of a mere 2.6%.
And because we are unwilling to buy without a true margin of safety — a function not only of the fundamentals, but more importantly, of price — odds of catastrophic loss are exceptionally low in most scenarios, including the current one.
Our hedges have been productive, enabling us to build a significant cash position that we are eager to put to work: https://www.fahy.co/uranium-the-downside-probabilistically-speaking/ | https://www.fahy.co/that-time-you-shorted-the-dow/
The majority of our predicted downside targets of 1/13/2020 have been reached for the major indexes: https://www.fahy.co/indexes-projected-crash-levels/
Our predicted extreme bear scenarios of 1/13/2020 in uranium names have played out: https://www.fahy.co/uranium-stocks-extreme-bear-scenarios/ | https://www.fahy.co/uranium-now-the-real-carnage-can-begin/
The predicted cycle death trajectory for uranium juniors is nearly complete, and a number of names may be bought with a margin of safety that will not result in ruin (Cameco remains an exception): https://www.fahy.co/cycle-death-and-the-uranium-junior/
Speaking of Cameco, we are still sitting on the sidelines, waiting for a move lower to 4.25: https://www.fahy.co/ccj-cameco-and-the-japanese-overhang/ | https://www.fahy.co/uranium-timer/
Our exit of platinum turned out to be timely: https://www.fahy.co/sbgl-sibanye-the-end-of-the-road/
We don’t play with other people’s money, so we don’t have to worry about redemptions.
We can sit tight and strike when the time is right.
And we will strike!