waiting for the other foot to fall
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pre-market has not really even started or woken up...
SLV chart could make an argument for touching $19's but ZSL shows the short-side trend-lines converging on current highs.
While the ZSL weekly chart could argue much higher levels, the slippage of inverse and leveraged ETF's needs to be considered and only log-chart peak-to-peak and trough-to-trough slopes over long spans have much meaning. I ignore the 1-day spike in early 2011 but the mid 2009 high and the early 2010 high extrapolate to the present ZSL high. So do the two meaningful peaks in 2011. So does the entire high of 2012.
IMHO ZSL has peaked so I agree SLV has bottomed.
Here's yet another interesting way to gauge it:
http://seekingalpha.com/article/1357111-gold-and-silver-enthusiasm-soar-to-historic-levels-in-the-wake-of-collapsing-prices?source=email_rt_article_readmore
It, PCLN, and ASH are targets of opportunity for me lately. Have $85 May puts in ASH now.
I bought more same day puts than I should have... oops. But I agree on the 1 month horizon - overbought on the news.
My immediate question is how low to expect DUST to go before closing my puts? :)
I will look in a bit.
That breakout rule is not very reliable regarding magnitude. On a move like this it should be log scale anyways. The breakout is also constrained by other support levels.
It was a joke of course.
That will be clear after it breaks out :)
Because that is the cost basis of 150m shares.
The financing at 50 cents should be the floor.
Oops snfca
Sncfa. Should have bounced back on the 10k. 10q in a week or two will confirm the 65% growth of the 10k.
Income is mot book value.
what does RS have to do with raising money to start operations? The discussion was about the financing they are doing or have done.
should I dare play Grainger GWW top twice? Probably should not expect an 8 point drop again...
also may OSTK $22.5's
bought 5 $85 puts VRTX @ $3.30... expire today so not holding long :)
back in SNFCA for Q1 earnings in coming couple of weeks. Still see +60% is due from last filing.
the stock trade made out well. I am being very cautious with options while I learn
VELT public offering over 16 million shares at $1.50. http://finance.yahoo.com/news/velti-announces-pricing-24-8-120000545.html
a friend here e-mailed me when I was in Sao Paulo to check it and I sold at $39 and change.
Sadly I dumped the $27.5 (edit) calls at $29 earlier that morning
they just announced a share offering so not BK, but $1.50 financing
next dip I will look at calls on ABX, AU, GOLD, etc. I hate playing pinkies but the insider buying on EDVMF is interesting as well.
also long PAL and USLV. Pd and Pt seem less volatile than gold. Silver looks like it is flat until gold moves...
'morning
GEVO - sitting on 3K @ $2.25 from one of our first conversations and also 12 contracts (1200 shares) of SEP $2.50 calls @ $0.583. I could add more, but I think this is (a) almost sure money and (b) enough exposure.
Also holding 270 SYNM post R/S @ $4.16 and will add more if it dips.
right now, short DUST, long NUGT and TC. Looks like my DUST puts will open +50% so probably close that for the stutter you expect.
Might also short GLL (using puts) at open if it's still close to 52 week high.
GEVO probably had to file a registration of treasury stock as security interest for the loan. I have not read any filings, but my business sense says the loan is secured by something if they fail to deliver the chemicals or the cash.
I took that advice. Thanks.
Will be looking at biggest pre-market gainers for put ideas. Also DUST and GZZ and maybe ZSL. I think a moderate bounce in gold is imminent but the bottom looks flatter in silver.
broke $1400 overnight http://www.kitco.com/charts/livegold.html
why isn't there an iWatch already? It will be a copycat when it happens. I saw one in Brazil on an airplane I was on... eBay lists a bunch of this sort of item.
Edvmf? Insider buying says they see it coming around
http://seekingalpha.com/article/1347761-1-retailer-1-gold-miner-and-a-mature-lifestyles-company-with-recent-intensive-insider-buying?source=email_investing_ideas&ifp=0
How do you get the shareholders to resign? :) I know a few companies that would love to accomplish that!
it would be in the best interests of the shareholders to resign
From the financial page here, book value is $135. If they used all the cash this indicates they could buy back 4% of the stock.
Working Capital pS 27.12 $
Cash pS 17.20 $
Book-Value pS 135.61 $
Tangible Book-Value pS 129.39 $
Cash Flow pS 48.87 $
Free Cash Flow pS 43.33 $
interesting but very theoretical essay on the price of gold.
My take is that PM's were dumped to buy into the parabolic last hurrah of the stock market (not like you'd know this week). People first took profits and then cut losses in PM's because stocks offered a better perception of short term gains.
We all know the market is headed for a correction sooner rather than later. Q1 numbers are not thrilling the market so far. Hiring was up so costs will increase into Q2. Equity yields will plunge and, as the article points out, PM's will benefit. I just say it is sooner than the author.
http://seekingalpha.com/article/1351991-gold-a-bright-shining-lie?source=email_rt_article_readmore
PAL has posted higher lows all year despite a PM sell-off of epic proportions. It has NOT posted a higher high and the same downtrend resistance has been in effect since mid-2011. It needs to break $2 to prove a turnaround.
I am short DUST ;)