full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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please stop screaming ...
I was just reacting to a 10% drop the day after LaoTsu suggested yesterday that price should go up from .39
As you notice TRGD price has backed off. Not sure why; not sure if it goes down or up from here; am sure that you don't appreciate disagreement with your perspective.
We are both L O N G the stock, but I doubt either you or I would be buyers here.
'peeker
CNOA: Nice move on the news. Maybe time to sell?
Strange that quote from this letter would come to light. But IMHO sixty days is a long time to complete an "official settlement" vs. current "settlement in principal".
Surely they will announce something more specific about the settlement sooner rather than later even though the judge must approve the settlement.
'peeker
Add more TRGD? Think again.
"This is ground control to Major Tom. If you see Tara enroute to the moon with Alice, please advise."
"This is Major Tom to ground control. It's really quite a sceeeene.
It's now getting rather cold, but no TRGD or Alice have been seeeeen."
DAAT has always been trapped by their good neighbor Walmart's control of DAAT margins.
There is also a growing belief that Obama's impact on gun cleaning kit sales will lessen over time (just funnin').
I still own some DAAT from a few years ago, and I continue to be disappointed that they cannot break out with new products in new areas. I mean ... heck, they were trying to sell mops for awhile.
Regards, and good luck!
'peeker
AGT Grey Fox Assay results update today, but continuing.
Apollo Gold Announces Assay Results for its Grey Fox Drilling Program
Apollo Gold Corporation APG
10/16/2009 8:47:00 AM
DENVER, Oct 16, 2009 (BUSINESS WIRE) --
Apollo Gold Corporation ("Apollo") (TSX: APG) (NYSE Amex: AGT) is pleased to provide an update respecting the 2009 drilling program in progress on its Grey Fox property.
The drilling program commenced on August 10, 2009, and 28 holes have been completed to date. Assays received for the first seven holes (GF09-17 through GF09-23) are shown on the attached Appendix A. The results of the first seven holes show multiple mineralized zones have been intercepted in most of the holes and individual one meter samples have intercepted high grade gold from 12 to 277 grams per tonne (0.35 to 8.08 ounces gold per ton). The mineralized zones are highlighted in the results shown in Appendix A which also shows the individual assays that make up the zone immediately above each zone. All Assay work was completed at Swastika Laboratories in Swastika, Ontario and Polymet Labs of Cobalt, Ontario. These labs are ISO 9001:2000 certified in North America.
The Grey Fox property is located about 3.5 kilometers southeast of Apollo's Black Fox Mine, which commenced gold production in May 2009. Apollo owns a 6.5 kilometer land package consisting of: (i) the Black Fox Mine; (ii) the Pike River property located to the southeast of the Black Fox Mine, which was acquired in September 2009; and (iii) the Grey Fox property located to the south-east of the Pike River property. Appendix B shows Apollo's total land package surrounding its Black Fox Mine.
This year's drilling follows up the drilling program of 16 holes completed by Apollo in 2008 which was successful in intersecting gold mineralization in rocks similar to the host rocks of the Black Fox Deposit and included a high grade intercept of 3.5 meters grading 455 grams gold per tonne (13.27 ounces of gold per ton). These first seven holes of the 2009 drilling program are generally clustered down dip and along strike of the high grade zone identified in 2008 and therefore show continuity to the 16 hole drilling program completed in 2008 (see attached Appendix C map).
"We are very pleased with the drilling results so far," says Richard Nanna, Vice President-Exploration for Apollo. "It is very favorable to find multiple mineralized zones like this at a relatively shallow depth, for example GF09-23, which is an exceptional drill hole, with five separate mineralized zones at a depth of less than 120 meters. In addition to these seven holes and the 16 holes from last year, we are awaiting the results of a further 21 holes drilled in 2009, all of which have been drilled in the area, with the objective of raising the results to a measured and indicated resource status by the end of the first quarter 2010. The mineralization is also trending onto our newly acquired Pike River property which adds to the potential of expanding any resources. The drilling at Grey Fox is ongoing."
This press release has been reviewed and approved for release by Richard F. Nanna, Professional Geologist, Apollo's Senior Vice-President, Exploration and Development and designated "Qualified Person" under NI 43-101. All drill assay results are available on the Apollo website at www.apollolgold.com.
Tomorrow to be interesting with GOOG and IBM earnings tonite, followed by GE and BAC in the morning.
Of course another bad day in gold will hurt many of us as well.
Earnings blowouts take us up;
Earnings misses take us down;
Strong dollar takes the gold jrs down.
At any rate VIX may pop tomorrow AM.
Good luck, y'all !!!
'peeker
CSGH: Seems like the qtrly earnings news release could cause another leg down.
Nice to see a reasonable bounce off the lows though, as 2morrowsGains suggested.
We'll see how it goes at this point, as I'm underwater on CSGH with a long snorkel.
'peeker
CSGH: This prince may just be another Chinese frog.
Margins were under pressure due their product prices falling faster than their raw materials.
Still looks like a healthy frog if their new products gain support with customers.
CSGH: OK, the earnings slipped off the lily pad just a little bit more than expected; gotta watch closely;
it could just C R O A K if customers don't celebrate the new products.
'peeker
PS> In memory of Froggy from Our Gang.
RODM getting beat up all day long. Down 7% to $5.71 now
Any intelligence available on WHY?
'peeker
FEED appears the better bet than APRB for slopping the hogs.
BLVT doubters have sold it off today.
Now at .39, so not time to change your zip code over this one.
'peeker
10000 Dow ... BING ... POW ... WHAP ... DONE DEAL!
FORE, all good points, thanks!
'peeker
Having the mill in operation is good news, including opportunity to mill the gold on circuit#3.
In your opinion, who is the best person to speak to for operational info? I assume that would be the same person you are talking to as well?
Do you have any idea why $TARM trades such light volume vs $TRGD? That fact has always puzzled me.
Thanks for keeping us all updated.
'peeker
Be Aware! Dan Quayle was no Jack Kennedy, and TRGD is no CDE or SLW.
TRGD Mgt has a long history and has earned the reputation of being untrustworthy (on many occasions); they don't have the deep pockets that CDE and SLW have.
IMHO the PRs are intended to raise share price but don't believe they have found the mother lode.
Good Luck,
'peeker
Disclosure: I'm long and still in the red on TRGD.
TRGD's stock price, which has doubled since the beginning of Sept, appears to be driven lately by its large percentage ownership of TARM, which has tripled from .50 at beginning of Sept to 1.60 today.
This is not to discount the good news that TARM has released (such as significant gold find), just an observation that TARM appears to be leading TRGD up.
Hopefully TRGD continues to be pulled up so that's its stock price fairly weights its interest in TARM.
'peeker
Gene, I suspect GORO's next PR will concern Hochschild's buying another PP (increasing ownership from 24% to 40% of GORO) based on avg price for last 30 days. I just think this kind of discount is what GORO and Hochschild have probably agreed on in the past. Hopefully Hochschild will buy in open market rather than be given such a huge discount, but I'll bet not.
Best Regards,
'peeker
GFRE -> GRUS (name change and 1 for 4 reverse stock split effective today)
Gulf Resources Effects a One-For-Four Reverse Stock Split
Press Release
Source: Gulf Resources, Inc.
On 8:00 am EDT, Friday October 9, 2009
Buzz up! 0
Print
NEW YORK and WEIFANG, China, Oct. 9 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. (OTC Bulletin Board: GFRE - News, GRUS - News; "Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, announced today that the Company will effect a one-for-four reverse split of the Company's common stock and trade on the Over the Counter Bulletin Board under the new ticker symbol "GRUS.OB" effective at the open of the market on October 12, 2009, so that every four shares of common stock before the reverse stock split shall represent one share of common stock after the reverse stock split. As a result of the reverse split, the Company will have approximately 30,542,211 shares of common stock issued and outstanding.
"The reverse stock split is an important step in order to meet the minimum share price requirements for uplisting our shares to NASDAQ. We believe listing our shares on NASDAQ will better reflect the true value of our Company and also provide our stock with increased liquidity, as more institutions are able to invest in companies trading on a senior stock market," said Mr. Xiaobin Liu, Chief Executive Officer of Gulf Resources. "Therefore, we strongly believe that these actions are in the best interest of the Company and our shareholders."
WEEK IN PERSPECTIVE | Updated: 09-Oct-09
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
Market Makes it Five in a Row
U.S. equity markets rebounded this week, rising for five consecutive sessions to close sharply higher. The S&P 500 gained 4.5%.
Nine of the ten sectors that make up the index advanced, led by Energy (+7.5%), Financials (+6.7%) and Materials (+6.6%). The Financial sector was stronger from the get go as Goldman Sachs on Monday morning upgraded the U.S. Large-Cap Bank industry to Attractive from Neutral, helping the Bank Index (BKX) rally 3.2%. It had seen a 6% slide over the prior two weeks.
Telecom was the only sector in the red (-2.5%), due to weakness in the integrated telcos after AT&T (T) announced Tuesday after the close that it would allow third-party applications to run packet-based voice calls on its 3G network. This decision is expected to further commoditize voice services on mobile networks, and could eventually lead AT&T and peer Verizon (VZ) toward offering and promoting unlimited use plans as Sprint (S) currently offers.
While there was no important data this week to gauge the economic recovery, the Reserve Bank of Australia's decision on Tuesday to raise its key lending rate 25 basis points to 3.25% was interpreted as another confirmation that the global recovery is continuing. The S&P gained 1.4% that day. However, Australia seems to be the exception, as the Bank of England, European Central Bank and Bank of Korea all kept their benchmark rates steady this week, though economists expect the latter to begin raising them as soon as next month.
We'll have a few more pieces of economic data to break down next week, including Retail Sales and FOMC Minutes on Wednesday, CPI on Thursday and Industrial Production on Friday.
But the big story this week was the third quarter earnings reporting season. While it doesn't really get going until the middle of next week, Alcoa (AA) unofficially kicked things off Wednesday after the close with better-than-expected results. It reported an unexpected profit, not solely due to cost cutting but also to modestly better-than-expected sales, which is unlike the trend witnessed in the prior quarter, while management predicted global aluminum demand will improve in the second half of 2009.
Admittedly we're uncertain as to how the market will react to the third quarter reports. There should be a greater demand for top-line driven earnings growth, yet with easy comparisons coming in the fourth quarter, it is not hard to see how the market could grant corporate America another pass.
We'll get a clearer picture next week, when the likes of Johnson & Johnson (JNJ), Intel (INTC), JPMorgan Chase (JPM), Citigroup (C), Goldman Sachs (GS), Nokia (NOK), Google (GOOG), IBM (IBM), Bank of America (BAC) and General Electric (GE) all provide results.
Finally, the Treasury calendar was a focal point for investors once again this week, as $78 billion in longer-term securities (3-year Notes, 10-year Notes and TIPS, 30-year Bonds) were auctioned off. While the results were positive, they did not appear to have much effect on equity markets.
Index Started Week Ended Week Change % Change YTD
DJIA 9487.67 9864.94 +377.27 +4.0% +12.4%
Nasdaq 2048.11 2139.28 +91.17 +4.5% +35.7%
S&P 500 1025.21 1071.49 +46.28 +4.5% +18.6%
Russell 2000 580.20 614.92 +34.72 +6.0% +23.1%
The Great Recession: The numbers tell the story
http://news.yahoo.com/s/ap/20091010/ap_on_bi_ge/us_meltdown_by_the_numbers
Here's an excerpt that I thought had some interesting comparisons.
Here's a by-the-numbers look at the stock market and the economy since the eight-day crash one year ago:
• $11.2 trillion: Total losses in the stock market from the Dow's peak in October 2007 to the March 2009 bottom.
• $4.6 trillion: Total gains in the stock market since March 9.
• 6: The number of the 10 worst point drops in the 113-year history of the Dow that occurred in 2008. The 777-point drop on Sept. 29, 2008, ranks No. 1.
• 3: The number of the 10 worst percentage drops that occurred in 2008. The Sept. 29 decline of 9 percent is the third-biggest behind 22.6 percent on Oct. 19, 1987, and 10 percent on April 14, 2000.
• 92 percent: Decrease in Citigroup Inc.'s share price from Oct. 10, 2008, ($13.90) to March 9 ($1.05).
• 341 percent: Increase in Citigroup's share price from March 9 to Friday's close of $4.63.
• 18-20: The historical average for the Volatility Index of the Chicago Board Options Exchange, also known as the VIX, or "Fear Index."
• 89: Where the VIX peaked last October.
• 23: Where the VIX was on Friday.
• 16 percent: The amount by which the Dow's closing level on Friday was higher than its average close the previous 200 days. Earlier this month the number hit 20 percent, the highest since the early 1980s.
• $6.5 trillion: Value of assets in stock mutual funds at end of 2007.
• $3.7 trillion: Value at the end of 2008.
• $4.5 trillion: Value at the end of August.
• -$72 billion: Net cash flow (money put in minus money taken out) for stock mutual funds in October 2008.
• -$25 billion: Net cash flow in March.
• $4 billion: Net cash flow in August.
• $9: The amount, out of every $10 investors put into mutual funds in August, that went into bond funds.
• $855.40: The price of an ounce of gold on Oct. 10, 2008.
• $1,048.60: The price of an ounce of gold on Friday.
• 6.2 percent: Unemployment rate a year ago.
• 9.8 percent: Unemployment rate today.
• 95.2: Consumer confidence two years ago. Reading above 90 means the economy is on solid footing; above 100 signals strong growth.
• 25.3: Consumer confidence in February — record low.
• 53.1: Consumer confidence today.
• 2.8 percent: Decline in retail sales in October and December 2008.
• 2.7 percent: Increase in retail sales in August.
• 4.75 percent: Federal funds rate two years ago.
• 1 percent: Fed funds rate last October.
• 0 - 0.25 percent: Fed funds rate today.
• 4.81 percent: London interbank offered rate (LIBOR), the amount banks charge each other to borrow money for three months, at its peak, on Oct. 10, 2008.
_0.28 percent: Three-month LIBOR rate Friday.
• -0.5 percent: Personal savings rate in 2005 as home prices were soaring.
• 6.9 percent: Personal savings rate in May.
• $975 billion: Credit card debt held by Americans last September.
• $899 billion: Credit card debt held at the end of August, down 8 percent.
• 7 million: Home resales in 2005, a record year.
• 4.5 million: Home resales in January at annual rate.
• 5.1 million: Home resales in August at annual rate.
• $245,000: Median price of homes sold in 2006 — record high.
• $213,000: Median price of homes sold last Octobe
You might have said that you are long of Adams and short of Fartman.
regards,
long of 'peeker
09:01 PZG tip? Paramount Gold and Silver prices public offering of 16 million shares at $1.25/share (1.36)
Does the tip include what they're gonna do with the cash?
WEMU qtr was a blowout. W O W for W E M U 's CEO Wang.
Suddenly happy I'm still holding after disastrous results in the prior qtr.
'peeker
Dahlman Rose initiates coverage of five fertilizer companies and updated their recent industry assessment.
The firm says in the current fertilizer environment, they are somewhat more positively disposed toward nitrogen, followed by phosphate and then potash. This short-term appraisal runs counter to their longer-term inclination which favors the exact reverse of the order listed above. Overall, their firm's view is less bullish than the current consensus. They say that sentiment is grounded on their cheap food thesis, sense that global fertilizer demand in 2007 and 2008 was overestimated and influenced by inventory building and a hoarding mentality and that any fertilizer demand rebound, especially in potash, and will take effect only slowly as global operating rates stay well below recent highs. Based on their market assessment and each company's relative exposure to the different nutrient classes, they are initiating coverage of Agrium Inc. (AGU) with a Buy, and Hold ratings on The Mosaic Company (MOS) and CF Industries (CF). The firm also initiates Potash Corp (POT) and Intrepid Potash (IPI) with Sells.
01:30pm: ZIXI update:
Zix Corporation CEO Provides Corporate Update for Third Quarter 2009--Current estimates have the Company expecting to achieve its guidance
DALLAS, Oct 08, 2009 /PRNewswire-FirstCall via COMTEX/ --
Zix Corporation (ZixCorp((R))), (Nasdaq: ZIXI), the leader in hosted services for email encryption and payor-sponsored e-prescribing, today offered a corporate update by its chief executive officer, Rick Spurr.
"The third quarter was another solid quarter for ZixCorp and we are on target to report within the range of our previously-issued guidance," said Spurr. "Preliminary estimates are that we should meet our revenue guidance of $7.5 to $7.8 million and our guidance for adjusted earnings per share (which excludes non-cash stock-based compensation, non-recurring items, and uses an effective tax rate of less than 1 percent) of $0.00 to $0.01 per share. If these preliminary estimates hold true in the final numbers for the quarter, each would represent a record result for ZixCorp."
"In our Email Encryption business, ZixCorp delivered $6.5 million in total orders in the third quarter which is traditionally our slowest quarter of the year in our Email business. This included $1.3 million in new first-year orders, a 13 percent increase over the 2008 third quarter," continued Spurr. "We saw continued success in both healthcare and financial services, demonstrating the strength of our Software as a Service (SaaS) solution. With a strong renewal rate of 91 percent and several competitive win-backs during the quarter, we remain well-positioned for future success in this business by capitalizing on our recognized leadership position in the industry."
About the Company's e-Prescribing business, Spurr said, "As we continue our review of strategic alternatives for our e-Prescribing service, we remain committed to operating on a business-as-usual basis with respect to executing our existing contracts and providing quality services to our customers. Our PocketScript business achieved our e-Prescribing deployment guidance for the third quarter with approximately 210 new deployments. Also, in the third quarter, which historically shows some drop-off with many physicians taking vacations over the summer months, we processed over 2.3 million scripts, an increase of approximately 16 percent compared with the third quarter in 2008."
ZixCorp to Announce Third Quarter 2009 Results on October 27
The Company's third quarter 2009 operating results will be released after close of the U.S. financial markets on October 27, 2009. A conference call will be held to discuss this information on October 27 at 5:00 p.m. ET.
A live Webcast of the conference call will be available on the investor relations portion of ZixCorp's Web site at http://investor.zixcorp.com. Alternatively, participants can listen to the conference call by dialing 617-213-8058 or toll-free 866-578-5801 and entering access code 34628571. An audio replay of the conference will be available until November 3, by dialing 617-801-6888 or toll-free 888-286-8010, and entering the access code 38605390, and after that date via Webcast from the Company's Web site.
I sold on the news, since I couldn't get excited about .01 eps for the qtr. ...
good luck,
'peeker
It seems that Chinese uplisters, because they've been so successful after uplisting, have started moving up strongly BEFORE they actually start trading in US markets (e.g., CPHI).
WWIN: Winner Medical Group Started trading TODAY on AMEX today after the uplisting (from WMDG). Low volume thus far but up 4%. Maybe it gets noticed later; chart shows a strong move since Oct 4th, but volume has died down a lot since that day.
AGT showing strong pre-mkt volume at .53-.54
GORO, SLW, CDE, GG, AUY, EGO all bidding higher w/ gold over $1050
Briefing.com Commentary on Jobs, Economy:
Page One: Market Sees What It Wants to See
And away we go... Alcoa's (AA) earnings report last night ceremoniously kicked off the third quarter reporting period. At the same time, it kicked more than a few short sellers in the mouth as the aluminum maker said mostly all the right things.
Alcoa topped earnings estimates, said it is seeing signs of stabilization in key markets, indicated aluminum consumption should be up 11% in the second half of the year, and added that its cash on hand was $1.1 billion versus $762 million at the end of 2008.
The one item that didn't show up in its headlines was that revenues were down 33.8% year-over-year. We did get a sense, though, of how companies are likely to craft their press releases this season. It will be about burying the lead.
Don't call attention to the fact that demand is still nowhere what it used to be. Instead, emphasize that there is growth now from a very depressed base. Alcoa did just that, highlighting the relatively encouraging point that revenues were up 9% on a sequential basis.
It is a clever strategy, particularly since most companies should be able to highlight actual year-over-year growth in the fourth quarter and first quarter given the easy comparisons.
Focusing on sequential comparisons this reporting period, then, will buy companies more time to keep investors interested in their turnaround stories.
It is a necessary strategy if the early returns are any indication. Briefing.com's earnings calendar shows 19 companies have reported earnings results this week. Out of that total, only four have reported year-over-year revenue growth.
Moving on, a number of retailers are reporting better-than-expected same-store sales for September. That's not to say they are strong results. It simply means analysts' expectations were too low.
The majority of reports thus far still have a minus sign in front of the monthly same-store sales number. Nonetheless, positive surprises in any form are typically viewed as a bullish catalyst by traders.
On that note, the futures market got an added boost on the report that initial claims for the week ended Oct. 3 were "only" 521,000. That was down from 554,000 in the prior week and better than the consensus estimate of 540,000.
Continuing claims, in turn, also surprised on the upside. They were 6.04 million for the week ended Sept. 26 versus 6.112 million in the prior week and the consensus estimate of 6.105 million.
Initial claims are considered to be a leading indicator. While the report has produced some seemingly encouraging headlines for traders, the real indication embedded in the inflated initial claims total is that consumer spending is going to remain sluggish, with an emphasis on spending to need as opposed to want.
Separately, both the ECB and Bank of England left their key lending rates unchanged. If we work off the logic earlier in the week that the rate hike in Australia was cause for celebration, then one would think the ECB and Bank of England holding steady would be cause for concern.
That doesn't appear to be the case at all. Like we said after Australia's rate hike, the market sees what it wants to see from one day to the next.
Alcoa, same-store sales, and initial claims -- they all have big room for real improvement, yet the market saw positive surprises in each relative to expectations. That, apparently, is good enough to keep this week's rally going for a bit longer.
As of this posting, the S&P 500 is expected to start the session with a gain of about 0.8%.
--Patrick J. O'Hare, Briefing.com
2morrowsGains, thanks for the great feedback on CSGH. I'll hold awhile now.
'peeker
PAL: Pours First Gold at Sleeping Giant and Eliminates Royalty
Pictures from the gold pour are available on the Company's website: www.nap.com.
Press Release
Source: North American Palladium Ltd.
On 2:15 pm EDT, Wednesday October 7, 2009
TORONTO, ONTARIO--(Marketwire - 10/07/09) - North American Palladium Ltd. ("NAP") (TSX:PDL - News)(TSX:PDL.WT - News)(TSX:PDL.WT.A - News)(AMEX:PAL - News)(AMEX:PAL.WS - News) poured its first gold bars at its Sleeping Giant mine on October 6, 2009, and will now ramp up to a commercial production rate of 50,000 ounces of gold per year during the fourth quarter of 2009.
"Becoming a gold producer is an important milestone in attaining our vision of being a diversified precious metals company operating multiple mines in mining friendly jurisdictions," said William J. Biggar, NAP's President and Chief Executive Officer. "I'd like to congratulate and thank our employees for successfully restarting the Sleeping Giant mine within our seven-month timeframe and $7.5 million budget."
The Company also announced that it has exercised its right to buy back a 1% net smelter return royalty on the Sleeping Giant mine held by IAMGOLD Corporation for $1 million.
NAP's 100% owned Sleeping Giant gold mine, located northwest of Val d'Or in the prolific Abitibi region of Quebec, has a full complement of employees at site. The Company also owns the nearby Discovery Project, the Dormex Property and has a joint venture with Midland Exploration over the Laflamme Project.
CSGH: I own CSGH and was looking at a 6mo chart and am worried about the somewhat "parabolic" shape of the stock price since July. Have anyone seen any revenue estimates or earnings estimates that appear to justify the price CSGH increase from less than .75 in July to the $2 level we see today?
The tests they have been conducting sound like they bode well for future sales, but we haven't quite experienced those future sales yet, so maybe too much optimism & enthusiasm is built into the stock price. Earnings for the last 4 qtrs are pretty flat at about .04/qtr, while revs were best in 1Q09 vs rest of yr.
Revenue growth Yr/Yr (1Q10 vs. 1Q09) probably will not provide a stellar comparison; in fact, it's not obvious that they will show any 4Q10 increase over 4Q09.
IMHO, this stock, which I own, appears on the surface to have run too far too fast since July.
Regards,
'peeker
GORO: I thought they couldn't buy more than 40% on open market, but they MAY still be able to shares from another large shareholder OR at least partner with them to take control. We'll see how things shake out.
Not sure about this, but I think H'child has the right to buy additional shares (up to the 40% total) based on 30day avg price rather than acquire on open market.
'peeker
GORO: Let's hope the Reids don't decide to unload GORO to Hochschild too soon or too cheaply. I've always worried that Hochschild might buy the other big GORO investor out to take control and stop plans to pay large dividends, etc.
'peeker
GORO at 7.77 on a quiet day.
Trip7s sounds durn lucky, at least for GORO longs.
hweb, since you asked ... this week has actually been pretty good (thus far, knock on wood).
Well, yes, I bought QID last week during a down day because I thought it may be the start of something onerous, as was remarked repeatedly thruout the day on CNBC. As it turned out, the poor employment data pushed the mkt down hard in the AM, but it recovered steadily thruout the day, so I sold my QID (insurance) for a loss. In retrospect, I decided it was still a good idea to buy QID even if I lost money that day; if the market had continued to fall, it would have been a good moneymaker to offset (hedge) other stocks that were falling.
I remain heavily weighted in PM juniors (GORO, AGT, HWTHF, OCANF, even PAL) with some others that I continue to hold because they've performed pretty well thus far (TBUS, CSGH, CPHI) plus only two energy stocks (IACAF, NEP, due comments on the VMC Energy board). Sold my remaining OFI this morning for 4% gain. Bought a little RODM yesterday looking for a little bounce, but not risking more than 5% loss. In other words, I tend lately to be day/swingtrading most stocks, but buy&hold for jr. miners (my fave sector).
Being psychologically less than stable, I've continued to hold some WEMU, which has proven to be a terrible VMC stock afterall, but I am "hoping" it recovers just a little bit as the overall market froth floats it higher, even while knowing that "hope" is not a viable investment technique. Still offering it at a loss from where I bought it, but I may dump lower if Armageddon does indeed raise its ugly head. Similarly I bought some QLTI and have been kicked around by it for a few days. About ready to take a loss there also. Like others here, I'm also holding BSPM (too long) with expectation that it should recover (pending negative surprise such as disastrous qtrly results).
Missed plenty of great plays in VMCs lately, like your MRM which has done very well and Nelson's radio stocks, plus Bobwins' and cl001's jr miners.
Best Regards,
'peeker
SKILLZ1, sorry if my comment was less than diplomatic.
IMHO, stockpiling QID while it continues to fall, is treating it like a low P/E stock that will eventually find its true value, and I think QID is better to buy after the market trend changes from up to down. In fact it seems that stockpiling QID is betting on a rather precipitous fall of the QQQs (tech stocks), which may eventually occur, or hitech stocks may eventually begin falling, but more slowly than you think. My major point is that it would be less of a gamble (lower risk) to buy QID as it is going up rather than buying more as it falls.
Best Regards,
'peeker
That's what happens when you believe in your crystal balls too much.
F O L L O W T H E M A R K E T T R E N D;
investors who stand in front of moving trains usually get hurt.
cl001, with all due respects, I had to laugh as you appear to be deluding yourself. You said, "My plan is to make as much money as I can this year and try to be conservative next year."
I cannot imagine your being conservative, though I could imagine your changing to another sector as the market changes.
Very Best Regards, and thanks for your leadership on all the great PM stocks this year.
'peeker
RODM: I'm sold, I mean I'm bought some at 6.08 to hold thru yearnings.
'peeker