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I'm not sure, but I think it means basically that I can't short the stock. I agree with you. The chips are always stacked against us retailers, although I still see the price decline as an opportunity.
My IB account shows the following "SEC price restriction is in effect for short sale from June 13, 13:06 to June 14, 20:00 EST."
Nothing about a trading halt.
KNOW WHAT YOU OWN!!!
No worries there.
Cheers!
That makes sense too Greg. Could be, and probably is, a number of factors all playing together.
I'll happily stop posting on this and the MDMN forum, news or no news, by this Friday. If the news does come I may feel compelled to scratch an itch from time to time, but it really is pointless.
Hi Dee,
I didn't expect it either, really. That's the "fun" of the markets I guess...although the unexpected things, like the drop and the volume today, could be part of the reason why this could be close to the bottom.
There certainly seems to be some shorting going on here by some funds, as I believe Crusader has already pointed out, (if it isn't Crusader, please forgive me whomever it was that did so). I find this to be a good thing because as the short positions grows, it provides more fuel for the upside when it eventually comes, and based upon the little I understand about REE's, it is going to come... like a firestorm.
I think generally the reason the markets are dropping is due to "fears" that our future is uncertain. The economic stimulus has not had the effect on key economic numbers that was hoped, and when QE2 ends at the end of this month the thought is that nothing will drive the market higher. I happen to be in the camp that there will be another QE. What else are they going to do? I think the driver for the move today was due to Greece being downgraded.
I think I posted here earlier that one good sign that we might be nearing a bottom was today's volume. You have to ask yourself, when the price of something has already dropped $3, why would you see volume increase? It's either people who have been panicky finally pushing the sell button, and/or it's people who have been on the sidelines finally getting long.... or both. You can always get a sense of a bottom or top based upon investor sentiment. There are not many investors posting here, but you can look at the chart and get a sense of what might be going through the minds of the people who have been in this for so long, enjoying a nice long uptrend, and now experiencing a fairly strong push down. Many are probably getting a bit nervy. If this is accurate, then maybe a little more downside, but I'd bet not much more. I wouldn't be surprised to look back here in a month and find that the bottom occurred this week. Of course I don't know but today's volume could prove to be a sign.
Look at the weekly chart. We're still very much in an uptrend and I doubt that gets broken.
I intend to be putting some more money in this again probably this week. I am wondering now if I might be kicking myself tomorrow for not buying today, but it won't bother me too much since I never expected this to be below $7 again.
Have a good night.
Rich
Thanks for doing the heavy work Billy!
Yes, me too. I've been posting my buys here for a while and I know it hurts some people to watch it keep dropping and I empathize. It makes it easier when you can average in on the drops.
Silver, copper, gold, oil and I'm sure other commodities are all taking a pretty good hit today. It came after the news of Greece being downgraded. I see this decline in PM's and REE's as a buying opportunity. With the volume we've been seeing here the past week I wouldn't be surprised if we're close to a bottom here. Maybe another week...bottoms are hard to call... but there is going to be some short covering before it turns around. RSI on the daily is into oversold territory.
I'm in this for the long haul... 5 years out and more. I believe my outlook will pay off very nicely here.
My impression is that he's expecting Cerro's % to be from 17.5 - 20%. MDMN has closer to 700 million, not 800 million, outstanding.
The moon, of course!
Congrats Jet!
Ok, the formation was a dud. I'm happy about that, (sorry guys if you're not liking this drop. I'm loving it), because I never thought I'd see this gift. Hopefully a couple other stocks I'm waiting to pop will do so in time for me to load up BIG here.
Right now it looks not so good for the 200ma. Next lower support looks to be around $5.20 - $5.
Welcome to what I believe is the end of "next week" and the beginning of a whole new ballgame!
No worries there!
Cheers!!!
Yup. Excellent interview indeed! Bill Hoffman is one grade-A, stand-up individual and I'm very happy to be invested in a company that he's so greatly involved in.
My timeline was the 21st, but I don't mind moving it to today. It isn't going to happen today, but I'm happy to leave Ibash forever.
It's always a very good sign!
Thanks for helping me with my DD C***S*****. I bought more today!
Make sure you read the very bottom of my last response! LOL
(the photo is of Jessica Biel, unfortunately she isn't my gf...yet!)
The formation I spoke of in my last post is still a possibility, but it will have to play out tomorrow or maybe into Friday. We didn't get the close above 6.34 I wanted, but we got the close above 6.16. If we lose the 6.01 low from today we're likely to get the 200ma and we might even hit low $5's eventually. These are all just buying opportunities for long termers like myself. This drop is a gift that just gets bigger the farther it falls, imo!
Don't be bummed guy... look at the big picture here. This company is going to be MUCH desired for its HREE's and everyone here is early to the game. You gotta do what you gotta do, but I'll sit tight and keep accumulating for as long as it drops.
Awesome!!! Short away!
That's my gf...
And then I woke up and it was Jessica Biel
Adam & Eve bottom, (looks kind of like a cup & handle except the cup is more "V" shaped than "U"), formation possibly playing out on the 5 minute chart. If it plays out then shortly we should move back up to about 6.38 - 6.40. Breakout would take us to right around 6.80. The formation has not completed until we see 6.38 - 6.40 though, otherwise it's a dud.
Added at $6.08. Watching the 200ma at 5.64 if we go lower. If we close above $6.34 today then I'll stick my neck out and say today was the bottom of the drop, and the higher above that price we close the more confident in this bottom call I will be. If we close below $6.10 today then I'll be more inclined to think we'll test the 200ma before long.
Yeah, I see what you mean. You should definitely stay out of both of them. Nice job!
Obviously, there's a reason his name is what it is.
You're in a great stock at what will be great prices in the future. I can't wait to have more cash to put into this one. Hang in there!
Next week I'd be a buyer from 6.30 to 6.14. Thing long-term on this puppy...we're not even warmed up for the starting gate yet.
You're entitled to your opinion. Congrats on your successful trades.
If you guys don't mind a little OT post here...
You might want to check out MDMN and CDCH. I'm loaded to the gills and when I take some profits off the table I'll be buying a hell of a lot more QRM. Here's the link for the latest news from yesterday... good stuff coming soon...
http://www.otcmarkets.com/stock/MDMN/news/Shareholder-Update---June-2,-2011?id=31265&b=y
LOL... you're funny funky!
Well, that's one opinion. If you stick around you're sure to be pissed off quite a bit. Enjoy!
On to next week and no more "next week"! LOL
Hiya Billy. Nice timing!
We are one PR removed from it, but it's a very nice precursor.
I guess they're slow learners.
SHAREHOLDER UPDATE
June 2, 2011
Dear Shareholders:
As reported earlier, our pending Joint Venture Agreement will be deemed finalized“only” upon the release of the first of the scheduled tranches of funding payable to the respective land owners of the Minera Alto de Lipangue Limitada project in Chile.
We have been informed today, by the Joint Venture Agreement partners, that they are finally able to move ahead with the JVA funding provisions. With proof of the JVA partner’s funding in place, the final documents, relative to the JVA partner’s exact ownership of Cerro’s “fully documented” title/claims interests, can now be notarized in Chile by all parties to the Joint Venture Agreement. This transference of the percentage ownership holdings contained in the Agreement terms and conditions precedes the release of the funding matters contained in the Joint Venture Agreement.
Subsequently, Cerro Dorado, Inc. (USA) and Cerro Dorado (Chile) representatives will meet with all parties to the Joint Venture Agreement and take receipt of apportioned funds on behalf of Cerro’s shareholders.
Juan José Quijano Fernández
Upon the completion of JVA funding matters Cerro Dorado, Inc. (USA) will immediately post a News Release on the official Company website.
From time to time, Cerro Dorado, Inc. (USA) hosts Shareholders Meetings to provide registered Shareholders an opportunity to discuss issues. This is not a requirement for a State of Nevada incorporated Pink Sheet Company, but Cerro will continue this practice. As there has been no significant finalization JVA news, the Company has held off a General Meeting. The fact that the Company may finally be closing in on an “elusive” JVA funding deal an AGM is anticipated in the near future.
The Board of Directors
Cerro Dorado Inc.
http://www.cerrodorado.com/News_060211.html
Yeah, it's a bummer. Oh well, I can always just leave anyway.
Oh no, this is all just part of the scam. Can't you tell??? LMAO.
$$$$$$$$
It's outside of my ability to comment intelligently. I'm smart enough to know and say when I don't know enough about something to keep my mouth shut! LOL