full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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VVUS: Vivus Shares Jump 10% On Positive Obesity Drug Test Results (VVUS)
Sep 21, 2010 (SmarTrend News Watch via COMTEX) --
9/21/2010-Shares of Vivus (NASDAQ:VVUS) are trading over 10% higher Tuesday premarket after the company that develops and manufactures treatments for erectile dysfunction reported positive top-line results from a two-year study of its QNEXA controlled release capsules, which is an investigational therapy for the treatment of obesity.
The findings come from the SEQUEL study, a 108 weeks study including 675 obese patients.
Patients who took the top dose of QNEXA were able to get and maintain average weight loss through two years of 11.4% of their initial body weight, or 26 pounds.
The most common side effects seen were constipation, tingling, dry mouth, altered taste and insomnia.
AUMN: It lingered so long below $8 that when if finally took off, I was glad to get the notice that 2/3 of my shares had sold in high 9s, then it kept going up and I sold the last 1/3 in low 13s.
Decided to wait for the pullback, which was looking imminent this AM before it bounced back up to high 13s.
Good long term opportunities, but remaining financing unknowns could present a big delay from further pps moves.
'peeker (watching AUMN wistfully from the sidelines today)
TGB: Is there an announced date by which TGB expects Canadian gov't approval decision for their new mine?
TGB filed preliminary shelf offering prospectus for up to $300million. Total capex is currently only about $850million so shelf offering, if executed down the road, would represent huge dilution.
That said, this may also be a good indicator that they will get approval on their major new project (over objections of the indigenous).
Honestly, I'm not sure how to interpret the prospectus or its intent, but TGB is up 4% on the news in any case.
For comparison with the VMC Index, does anyone know how Cramer's ActionAlertsPlus portfolio is doing this year? Just curious, since that would be more of a large cap portfolio. If anyone has access to that portfolio, I'd like to peek at his list of stock holdings and evaluate how each of his picks are doing this year.
TIA,
Steve
MTO: I thought the interview with Metanor's CEO on Jay Taylor show was pretty general, even low-key. No real indication of how strong or weak the resource report will be; there was more talk about futures than current production. I think the CEO characterized MTO as explorer more than producer, so maybe that is where his expertise lies.
I own some Metanor (MEAOF.pk) but won't buy more for now due to lack of CEO enthusiasm (and specifics about production outlook).
OGC: Right, so it may be the hedge funds that are unloading any leftovers at a profit into the market...
My point was that it's not just the index fund houses that buy prior to addition of the stock into the index. It doesn't hurt the owners of the index funds whether the underlying stocks go up or down, so I think they would typically only buy at the last minute (day or 2 prior thru day or 2 after).
That said, it's not clear how much hedge funds get involved in small non-US companies.
There was an article last week talking about hedgefunds buying stocks that are named to go into an index, then they sell to funds that buy stocks of the underlying index. The unknown the hedge funds face is how many shares will need to be bought at the last minute, driving the price up.
The action today in OGC indicates there is ample supply in the open market, even for all the indexes that OGC will join, so nobody is having to drive OGC price up due to undersupply. I would have thought there would be a buying spree due to the number of indexed that OGC is joining all at once. However, I guess stockholders have been willing to let some shares go as OGC price stalls. Maybe we will see some volatility over the next 24hrs if supply/demand is not balanced.
Also added a little OGC this AM just because tomorrow is THE day.
Regards, all ....
TGB: Crapshoot! Bought some TGB on the prayer that the mine will be blessed by the government over the objections of the indigenous.
OT: Blessed be the pitmakers ...
Biggest reason for believing that the TRGD stock will be bought by TARM is the fact that the CEO of both companies owns much more TRGD than TARM. If financials for TRGD are required to consummate the transaction, then they will occur.
Mr. Biscan has been open about saying he made the decision awhile back to use capital for mill construction rather than accounting costs as there were several complications associated with US vs. Mexican accounting treatments (among other things).
Holding my TRGD to gain entrance to TARMville.
AAA.v/Allana doing well today, up about 11%.
TRGD deal with TARM sounds great. Oedipus would love it, too.
Anybody got a read on the implication of the word "TENTATIVE" in the announcement? I wonder what dependency could exist that would complicate closure of this deal.
Also, since I did not see reference to "for cash" or "each share of TRGD will be exchanged for x.xx shares of TARM", I have to wonder whether my account will see replacement of TRGD shares with cash or TARM shares. Time will tell.
Glad they finally got a round2it.
'peeker
There is a group on Yahoo called "goldresourcecorp" group. That is where you will find Rival and others posting about GORO.
http://finance.groups.yahoo.com/group/goldresourcecorp/
It has almost been as good to us as baseball was to Felipe Alou.
Pal'4Life, how long have you been accumulating GORO?
Congratulations! Wow, not at $17.50/share. This has turned into a money tree.
GORO continues to climb, now up to $17.20 ...
Thank you, jesus (the Latino).
07:01 CNAM revenue outlook reduced:
China Armco Metals provides impact on Jiangsu Province Power Restrictions; expected to impact its revenue in 2010 by as much as $40 million (3.82)
Co announces that that the Jiangsu Provincial Government has scheduled rolling blackouts in September for the Lianyungang enterprise zone where its wholly owned subsidiary, Armet Renewable Resourced, operates its metal recycling facility. The energy restrictions will significantly reduce their recycling capabilities in the fourth quarter which is expected to impact its revenue in 2010 by as much as $40 million. This has caused management to revise its financial guidance for the full year of 2010 which is now expected to exceed $140 million with net income exceeding $8 million.
Nuggetman, what makes you say, "Good News will be out shortly"?
Are you talking about:
(a) 2008 financials for TRGD or
(b) some announcement about operations at the mill or
(c) something else that Rich has shared with you or
(d) you just have a feeling?
Anecdotal Evidence that gold may have topped and real estate may have bottomed:
Recent ads on tv have included:
1. Pat Boone and G. Gordon Liddy pitching purchase of gold.
2. Robert Wagner and Henry Winkler (Fonzi, for God's sake) pitching reverse mortgages.
JMHO:
There have been so many negative views of US economy that gold has gone up and real estate has gone down for a long time. There have been many many many people talking the wisdom of fixed income and precious metals. All things must pass, so eventually the US economy will show evidence that it actually is growing stronger. When that happens, gold will not continue much higher and could see a significant sell-off. Same with US Govt bonds. Also ... if the economy begins to get stronger per GDP growth (and unemployment rate starts falling), real estate's fall will be about over.
Someone once said, "When everybody is thinking the same thing, nobody is thinking very much".
Might get 2008 for TRGD anytime .... funnnnny!
Very interesting discussion of hedgefund vs. indexfund trades as they support index rebalancing. Like Kevin said, the hedgefunds don't know how much other hedgefunds are stocking up on the stocks being added, so all we can be sure of at time of rebalancing is volatility. It's not just a matter of indexfund managers being required to "buy at any price"; there's the very real (supply/demand) issue of whether hedgefunds have more or less shares to sell into the demand.
Be careful buying GORO on margin here. It has had a good runup already. Would be better to wait for a pullback rather than buying more on margin and getting yourself in a squeeze. Nothing, not even GORO, goes straight up. We are seeing a lot of volatility lately.
IMHO, the recent runup is due to NEW buyers entering GORO after it moved up to the AMEX.
Good luck!
CRK.to reduces Q3 production estimate:
* Sees Q3 production of more than 25,000 oz of gold (down from 30,000)
* Says Cosmo mine development continues ahead of schedule
(Reuters) - Canada's Crocodile Gold Corp (CRK.TO), whose mines are located in the Northern Territory of Australia, on Wednesday lowered its third-quarter gold production outlook.
For the quarter, it now expects to produce more than 25,000 ounces of gold, versus its prior forecast of over 30,000 ounces.
The company, however, said it may be able to speed up development at one or more of the deposits in the Union Reefs area and begin production as early as the fourth quarter.
Production in the Union Reefs area has historically yielded over 800,000 ounces of gold, the company said in a statement.
It added that development of the Cosmo underground mine in western Australia continues to be ahead of schedule.
Once in full production, Cosmo, the company's flagship operation, is expected to contribute over 100,000 ounces of gold annually to its production.
In July, Crocodile Gold said it was on track to produce 100,000 ounces of gold in 2010, increasing to 200,000 ounces in 2011. [ID:nSGE6650GL]
Crocodile Gold said planned production for Cosmo is still expected to commence in mid-2011.
Crocodile Gold shares, which have lost nearly half of their value year to date, were up 2 Canadian cents at C$1.06 Wednesday early morning on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Anne Pallivathuckal)
AXU: I'm just starting to look at it. Please summarize what kind of news you expect from AXU short-term.
Thanks!
OK, I give up, so what are we to expect next week?
This board is full of comedians (often characterized as frantic, neurotic, anxious types who just need a little love).
Other than that, I'm long and happy about the nice bounce back up from low sixes to the nines. Absolutely no telling where it goes next week (but it will probably remain volatile).
LBSR: Knew it wouldn't be pretty when I saw it trade at .0666 early this morning.
LBSR: Moondoggy & Bobwins, are you still holding LBSR or did you sell and take your multibagger before today's selloff?
Seeing the LBSR selloff today, I bought some at .099 as it was rebounding. What do you understand about the LBSR situation? Does the lawsuit have merit, etc.?
Totally off-topic: Next time you call GORO mgt, ask if they have room for one more horny investor at the mill, and let Gene know if they can give him a spot. Then he can drill 'til he's not horny anymore.
Don't you know the ladies in the lunchroom get some looks from the miners each day?
Have a good day, manly men!
ZSTN, a low PE stock you probably read about in Wade (the book of lamentations) is doing a nice upramp today ... lots of others on my screen are green today.
OK, that's it then; here's weak proof that the economy is stepping on the gas. Vrrrrrrrooooooooooom.
12:09 Porsche reports August sales in U.S. up 33% YoY to 2,032 units
BETM app for Blackberry is only for Nevada, so price pop seems waaaaay overdone. Didn't every(smart)body who already owns it sell on the news?
GORO divvy got a mention on Forbes website. Looks like mgt is trying to gain some notice for GORO now that they're on AMEX.
http://www.forbes.com/2010/08/31/daily-dividend-report-goro-bns-erf-subk-educ-marketnewsvideo.html?partner=yahootix
SEA.ax back down 11.11% to .28 last nite. BubbaBob, you only reporting on the good moves?
Actually I watched it too long, so it got away from me on the way up. Maybe I can grab some SDCJF.pk at 2bits w/o getting a haircut.
GLTA!
'peeker
CL, Congrats on OGC.v Oceanagold (and thanks, as I still own some).
MTO.v/MEAOF.pk: Have you heard any rumors about Metanor's updated resource estimate due 15 Sept? The long delay seemed very bizarre, but the recent uptrend seems to be pointing to a good resources report in a couple of weeks.
DENVER, CO--(Marketwire - 08/31/10) - Gold Resource Corporation (GRC) (AMEX:GORO - News) is pleased to announce it has declared its second 2010 Special Cash Dividend of $0.03 per common share to its shareholders of record September 17th, payable September 29th, 2010. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Gold Resource Corporation commenced Commercial Production July 1, 2010 from its El Aguila Project's operations in the southern state of Oaxaca, Mexico. The Company continues to be pleased with the Project's performance and by using cash flow generated from operations the Board of Directors declared another Special Cash Dividend increasing the year to date dividend payment to $0.06.
Gold Resource Corporation's President, Mr. Jason Reid stated, "We are pleased to announce our second special cash dividend in as many months and remain committed to returning approximately one third cash flow back to the owners of the Company, its shareholders. We are also pleased to now be listed on the NYSE Amex."
Nothing wrong with buying any stock on any exchange as long as you have a methodology that dictates selling if stock price action doesn't meet one's expectation.
That said, it also behooves one to treat different stocks differently, particularly some as trading stocks (buy/sell as daytrades or swingtrades) and others as investment stocks (allow more of a longterm view based on good demographics and high probability of a longer term growth outlook).
The hard part (to me at least) is figuring out which to treat as trading stocks vs. investment stocks. Typically a stock with high volatility needs to be treated as trading stock (examples: CCME, AGM, INTT), while stock with strong longterm trend and less volatility should be treated as an investment stock (examples: GORO, GS, MSN).
In other words, a fulltime investor cannot treat all stocks the same with the same rules. Just my honest thoughts!
Good Luck!!!
Steve
JBII... oh, yeah, it's right up there with Sammy So-sad, Roger Clemency, and Mark McGuilty.
Fingers crossed for AMEX kickoff. Could trade either way. Seems like anyone wishing to short the stock can do it more easily and efficiently for an AMEX than an .OB stock.
Niles_crame3, the new IRS rules make trading within an IRA much more preferable than trading with a normal trading account.
Trading in a regular account carries much more potential for small reporting errors that may result in an audit. Typically when I do taxes, there are a few basis computations that I'm not totally sure about, but I hadn't worried about too much since only sales were reported anyway. Reporting purchases and sales to IRS creates much more potential for red flags on minor computations.