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Hmmm, looks like I may have been early with my sell A/U using SG's fib system. I added a couple of mid channel keltner crosses to the system, and they are telling me that the sell side may be a little ways out. Patience is a virtue, so gonna hold this position.
Love the mid channel keltner crosses, and can see how they will fit with SG's system.
Yup, been sticking exclusively with U/C on the daily chart, with the system I briefly described in my earlier post. Holding for 1/2 hour out to 3 1/2 months, and anything in between. Not making big trades yet. Want to build the account first, and not risk MY money!!
U/C is in no mans land at this time, with the system I use, so decided to check out some new stuff this morning.
Never traded the A/U before, but it looks reasonable to trade. Some of the guys on this board trade some off the wall, high risk, thinly traded issues. Not my cup of tea.
Hello again simple green. This is stockjunky. Just for kicks I built your fib system this morning. Looks very interesting. Using it on 1 hr charts. Actually made a trade (sell A/U) this morning and am still in it. What are you seeing??
Great to see that you are still around. You produce some good stuff.
I 've been around lurking in the background for the last year now. Been trading the U/C all this time quite successfully using traders dynamic, ishi clouds, a moving average and a variation of your old rainbow twist.
Win trade % is thru the roof, like about 98% correct, but had to hold loosers for extended periods of time on a couple of occasions. Overall tho, I have doubled my account in just under 1 year.
Monday's news.
1:50PM Gold Resource: Robert Muffly resigns from Board of Directors pursuant to contractual agreement (GORO) 7.37 +0.10 : Co announced today that Robert Muffly has resigned from the Company's Board of Directors effective immediately pursuant to the terms of the Strategic Alliance Agreement dated December 5, 2008 between the Company and Hochschild Mining Holdings Ltd. Under the terms of the Strategic Alliance Agreement, if Hochschild sells or otherwise disposes of 20% or more of its pro rata ownership interest in the Company, the director nominated by Hochschild shall automatically resign and the contractual right of Hochschild to nominate an individual to serve on the Company's board of directors is terminated. The recent sale by Hochschild of approximately 3.4 million shares of the Company's common stock reduced its pro rata interest in the Company by more than 20% and triggered the termination provision.
Maybe this can start moving up now. THAT IS A PRETTY BIG SHARE DUMP!!
Friday's news
COLORADO SPRINGS, CO--(Marketwired - Jul 12, 2013) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") announces today it has received a copy of a Form 144 filed with the U.S. Securities and Exchange Commission indicating the sale of 3.4 million shares of common restricted stock by its largest shareholder. The Company has returned over $85 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
The Form 144 was filed by Hochschild Mining Holdings Ltd. and indicates a sale of approximately 3.4 million shares of the Company's common stock in accordance with the Rule 144 of the Securities Act of 1933, as amended. Generally, Rule 144 allows holders of restricted securities to sell shares in the market after a certain holding period and so long as the requirements of the rule are met. Certain shareholders, including those holding more than 10% of the Company's outstanding shares, are subject to further volume limitations which restrict the number shares that can be sold in the market every three months, which is the greater of 1% of the outstanding shares or the average weekly trading volume of the securities during the four-week period prior to the sale. Pursuant to these volume limitations provided by Rule 144, the Company believes Hochschild's sale of 3.4 million shares is near the maximum number of shares eligible for sale in the market for this 90 day period.
Good post spanky. I think that you are correct.
Scott only seems to want to mislead people with his PR's. All he has to do is DO WHAT HE SAYS HE IS GOING TO DO, and then the pressure may subside.
You need to read moojers posts. He spells it out quite clearly.
NDA'S have NOTHING to do with keevle's boilerplate statements... That have been going on for YEARS now..
7/12/13 PRICE IS NOW DRIVEN DOWN VERY CLOSE TO THE $7.50 OPTION STRIKE PRICE. COULD THIS BE THE BOTTOM?? I KIND OF THINK SO. THIS COMPANY & MANAGMENT ARE TO GOOD FOR THIS KIND OF SHARE PRICE.
$16.00 1 year target price, and trailing pe of 15.71 & forward pe of 8.99 today is crazy low.
BEST TO POST NEGATIVE ON THE STOCKS THAT YOU REALLY DO NOT LIKE, BECAUSE SOME MONEY COULD FIND IT'S WAY TO THE COMPANY'S THAT YOU REALLY DO LIKE. PEOPLE GET SUCKERED BY BAD COMPANY'S. WOULD YOU NOT PREFER TO HAVE THIS WAISTED MONEY PUT TO GOOD USE IN SAY FOR EXAMPLE NBRI. Do not need to post all the reasons, just the key points...
"we anticipate" Maybe this works better for you eltoro.
Why did keevle not say THIS WILL be usefull..
It's typical double talk BS from this outfit..
Peggy, Allen must not be aware of the fact that srsr's current NET TANGABLE ASSETS stated in the annual 2012 end of year (unaudited) financial statement is about NEGATIVE 3 million dollars.
Years of constant shorting like Allen would like us to believe would likely give a share price of someting like .0003 today.
Unfortunately, that is what I am comming to believe is a fair share price for this mismanaged stock.
It's a pretty good buy down here. Been holding this one since 2010.
Appears as though a spin out is to difficult for scott to complete!! People that do not do what they say they are going to do can not be trusted!!
788k exploration expense in 2012. Wow, that's when the chineese where visiting nemegosa!! Remember, they picked up a crate or 2 of rocks for sampling.. SCOTT must have helped with this!!! Or maybe he paid the chineese quite well to collect these surface samples???
67k first quarter 2013!!! That must have been when scott learned that the chineese would not be jumping all over nemegosa. He had to ask about the sampling results!!! Did he pay himself 67k because he spoke with the chineese regarding the sampling, or maybe scott had to pay the chineese a LOT of money to analyse the rocks..
Hey you longs, do not fret, cause your beloved CEO's deferred compensation has not dissapeared just because of these exploration expenses..
This operation is real shady.....
Mr. burk, what do you think the exploration expenses where used for??? Plain and simple question...
Alan, how many TOTAL short shares TODAY. You have been puonding the table for years about this. You should have some kind of short share # by now since you are completely obsessed with this. What does your research show.
Interesting, our Mr. jfburk has stated that he has an aggreement with Scott & Merle regarding information not disseminated in public news.
Shure would like to see the SEC investigate this..
Very good post es1. Deferred payment just means that someday, no matter what, he will call in his payments. Does not even matter if the company is successfull or not. Only bankruptcy would/could nullify his deferrments.
Smart money will move on to the next store!!
Smooth, that is your opinion. I currently in a mining company that has no problem finding financing recently, and within the last 2 years...
The ceo keeps his investors informed and the stock is doing FAR better than srsr.
Where in the world do you think I want my money?? Not barking dog srsr...
Good ceo's remain good ceo's, and bad ceo's remain bad ceo's. Not many are going to trust this guy anymore. It's going to take undeniably good news now to regain any sense of trust!!!
If they are still working for srsr, then it's about time to fire them...
Sheesh, never really believed it myself, but a call that I made a few months ago for a price fall to .28 may actually come true.
5-1 reverse split, and the share price could wind up back at it's pre split level.
Really great managment here. Certianly happy that I dumped a while back!!
"Those that are impatient are going to chase the sp one of these days"
I HIGHLY PREFER to chase the share price over setting for months/years on dead, or losing, money.
Now you have to prove it to me keevle. Seen to many of your failures.
Not the problem Alan. CEO lack of performance IS the problem.
Reality Alen. The share price is dropping because the company is offering nothing in the way of hope for improved share price. And include keevle's past history of failures to do what he says he will do....
Why would ANYONE in their right minds short srsr, when their are MUCH better opportunity's on the big boards recently. Look at ALL of the big board mining issues and tell me where the real opportunity's to short really exist.
To make any money shorting this stock at these levels would require 10's of millions of shares for small gains.
Well, with all of these positives you guys see here, it is difficult to understand why the share price keeps falling.
"Golden cross is happening today." Not quite yet on my daily chart. It's very close, but will not be a true cross for 1, or maybe 2 days. The 50 is comming up hard, and the 200 has now made a slight turn up.
I don't know, but think that maybe they could offset losses a little bit by selling of the firewood on the property. Cut your own. Send keevles dunce merle ot there every day to make certian that no one is cheating.
Heck, there could maybe be a couple of cedar trees worth something!!
Anyone out there think this is worth buying at .005 or lower??
OK, I came in with a small order at .0145 (13k)
It did not change the ask volume side at all. Looks like MM supplied out of inventory.
Not liking the SMALL bid support under this very much. But starter position will keep it on the radar.
This needs a LOT more volume to get it moving, and it really is not showing up.
So what is this telling you?? They could send DMWK to the tank just like they did EBIG.
Difficult picture to put together!!
Be carefull. The boat smells a little fishy to me. A little dd leads me to some kind of tie with EBIG. Supposedly a publicly traded company, but ihub shows no symbol (ebig), nor does www.pinksheets.com
Do some seriouse dd before buying. This thing could go back under .005 in a flash.
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If they "liked it a lot" the price would NOT be 2 cents. Insider buying would be here..
It certianly "may go down a bit" with the drop in silver prices today. Silver at $20.17 a few minutes ago, and went into the $19 range for a little while.
USGIF break even is around $19 last I saw!! Will be real cheap when they shut down... Happy that I dumped this dog a few days ago.
Been around this stock for 5 years+ and have already read EVERYTHING put out by this ceo.
NOTHING proves that it can be successfully mined..
.47 grade is at best marginal. Look at the 2.5% coming out of the biggest supplier in Brazil. No one is going to jv this property when it is highly likely that better ground is out there somewhere.
Show the evidence that you have that PROVES the rocks can be mined profitably. And not something from 1950. If this property is really so great, someone would be on it by now...
srsr is not the only show on the road...
Exactly correct es1. I am now all but out of this stock. Holding 2.5k just to keep it on the radar. Whe/if something undeniably positive gets pr'd, I may come back. Untill then, it's goro with the cash.
I am also going to keep posting here, because scott has screwed his investors. And I do not like the style of managment...
Malc, you are a good & honest man. Don't let these pumper longs drive you away. Your insight is respected. I hold a fairly large long position here and want everyones perspective & input. The negative as well as the positive.
The "to the moon" posts are nothing to me. They add no value whatsoever. Only attempts to decieve.