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this is GOOD! they wouldn't give me 25,000 at .0875 yesterday and they won't even give me 10,000 at .093 earlier this morning in between the bid/ask... Guess they are done playing w/ that bullshit in the .080-.090 range...hmmm, wonder why???heh heh...good for us, I suppose...
Hey guys, just an opinion...
quit WASTING ur time here on IPMG and look at EDEX...nothing more to be said...I rode FMNJ from .0030 and below to .102 and .117 and made a nice chunk of change... EDEX will give you what you are looking for if you just read back and do a lil DD...
IPMG gave up on GUL long ago and anything in Cambodia...they (Brian) even said in the last P.R. or the one before that they were changing their efforts from Cambodia to "international interests"...c'mon guys...wake up!!! I'm w/ playstk on this one...
Although, I will say THIS, Brian may be a good guy, but he has let ya down insomuch as what you are expecting...in the near term...ain't gonna happen...go with what will make you profits in the near term and then bleed some off and plow it back into IPMG...EDEX is gonna pop in the next 2-3 weeks...
Just IMO...not IMHO for a reason...up to you all to decide...fwiw...and good luck and good trading to all...over 'n out...
oh, yah, heard of it, and i HEAR u loud and clear!!! Was just wondering...
Happy Birthday!, Lowman, as of 1 hour 49 min ago, or belated at this time. Hopefully it was an edEX-cellent B-DAY for you, sir!!!
rai,
Could I take you out for Chinese food some time?
LOL...
In any case, I am stumped at this point...
To be honest, I think that we are at or very near a bottom at this point. It's possible that we could have some pukers that send it off to a .016-.017 capitulation sell-off, but I really think that even if that were to happpen, NOTHING HAS CHANGED with FMNJ...we have some weak, emotional longs that are "throwing up" their shares and there will be a nice bounce within the next day or two. Jaime Melgarejo still has MY full confidence and that is only what I think.
MAYAYA shows me a MINIMAL valuation on this stock of .015-.025 MINIMUM based on price/earnings (p.e.) and/or (price/sales) whichever you choose to employ should you decide to disregard syra's "no calculator" philosophy. Mayaya will and should/could be back on-line with some assurance of diesel supply and co-op cooperation... MINIMUM!!! One last time, I will offer to give the actual numbers (I recognize that I have offered it before, but, perhaps, have missed the request in between my reading of posts)...in any case, FMNJ, even at 1.7 BILLION shares, would be worth right about .02 just based on the now defunct MAYAYA project which they gave up in late 2005...but could at ANY TIME, choose to start up again per current possibilitites/probabilities.
THIS IS A SCREAMING BUY AT ANYWHERE BETWEEN .015-.025...period!!!
I'm sorry, americano...
I feel like a dumbass myself for typing what i did...
My apologies and I will censor myself from here on out...
And ONE MORE, post #4302, sorry, Martucci as this was one earlier before you had my respect for your 7.5 MM shares... But, although I tried my best to pump it and keep it above the threshold, the fact of the matter was and is now, the gap got filled...oh well.
To those asking the question, what to do NOW???...hmmmm, very tough, although, I will personally say that anyone selling now would be a darn fool, cuz, at the very least, there will be some action between here and .038 on the upside should you decide to dip it and flip it. Ugh, it may go as low as .014-.017 NOW and in the immediate short term, but it SHOULD find it's way back up to .04 here and there between the next leg up.
I, personally, will be doing my own thang, and this/that is probably inappropriate to any others...however, this stock looks good in the long-term, irregardless...provided that they come up with $320 million (mm) at some point or another for their future GTL dreams...
The other 3 veins at Potosi and the Cerro Rico should be enough in the next week or so to provide enough ammunition to pop this puppy back up to the .04-.05 range and possibly up to .07...we shall see...
EDEX...last comment...O.T. (off topic)...EDEX should give anyone in FMNJ plenty of profit in the next 2-4 weeks to more than make back ANY short term LOSS...and then, after cashing out of EDEX at .20-.30 by the first week of July, should be able to plow those "temporary" profits back into FMNJ for a long-term return.
I think I've said enough... Sorry, americano, I had to throw that "OTHER" stock in there for the heck of it...also, GSPG, who, I know, F.A., will appreciate even though NITE has been a thorn in our side there as an addition to the 8 or 9 sell side MM's comparable to the 4 buy side MM's we have over here at FMNJ.
Did I give enough to confuse everyone??? Sorry F.A., I see that you are trying to moderate as many gold/silver stocks as you possibly can...and that is not a bad thing, cuz you are pretty decent, imHo.
Anyway...GLTA. Over n out.
R U SERIOUS???
Playstk, what's up w/ you???
U said .007 would be a good place to get out, yet, now, you say you are back in??? C'mon now, no wonder they consider you a WANKER!?!?!? You've got to be kidding me; Brian gave up on GUL and any Cambodian properties long AGO, and you NOW decide to get back in??? C'mon now, do you really believe that .007 or .0055 is better? What's up with you???
Seems to me that no P.R. is no P.R. and it also seems to me that if, "...I have to keep it close to my chest..." is the same NOW as it was BEFORE...
Please explain why you would consider otherwise...just for informational purposes only...just out of curiosity, perhaps???
Good Point! Perhaps .83-.84 is in the making...
I don't want to see .83-.84, but I hafta say that it is a REAL possibility...in any case, I will be a buyer in that area (+/- a couple of cents), imo...
Do you think you could add some bollinger bands to the FMNJ chart (like you have on the GSPG chart) on the main board or would that clutter it too much? I just kinda want to watch for that "pinch" thingy...heh heh.
Hey!
Just checked in for the day and see that Mr. Gap finally filled at .020 a couple of hours ago on above average volume. Wow! Nice call!
With the gap being filled either we are clear for takeoff or doomed to destruction. Any thoughts as to which?
rofl, dude, you almost ALWAYS bust my balls on that when I'm just slightly off...lol
was just referencing a post to answer a question of a previous poster without having to take up space by cutting and pasting the entire excerpt...cuz they were both kinda lengthy. And I did not care to cut and paste over here and change up numbers to make it applicable to the .020-.021 gap here compared to the example over on the "other" board (there, ya happy, I said "other" board instead of giving the stock symbol)...lol
just a couple of additional thoughts...
New support (if .029 does not hold tomorrow...maybe the .025 retest) will be found somewhere SOOOON and then we will probably gyrate between that bottom range (.025-.029???) and up to .05-.07 for who knows how long (probably thru summer's end), but I doubt we are in for a serious, prolonged dip below .03.
In any case, it should be some rip-roaring fun watching the events of the next day or two as pukers vomit all over the place, the .020-.021 gap beckons but goes unheard (heh heh), posting agitation heats up between bulls, those waiting to be bulls again and those pretending to be bears. All the while blood in the streets splatters on everyone as gold and silver do a final death dive prior to the upcoming bottom before this next upleg gets underway.
My proprietary chart indicators are giving major signals that a bottom in the HUI and XAU is within spitting distance (even if spot gold and silver continue to dive and flail about, the gold stocks are going to start their recovery most probably before the final spot bottom).
GATA be in it to win it! Good Luck and Good Trading to all, but for goodness sake, don't puke up your shares. You'll only pay higher prices when you get sucked back in on the way back up...that opinion applies to ALL gold and silver stocks including FMNJ.
Oh, and regarding the additional info on the remaining 3 silver veins...I believe in one of those articles translated by adapt2evolve, it suggested that the first vein already reported is the best out of those 4 veins, so please don't be expecting higher numbers on veins 2 through 4 coming up...they should be less than San Miguel, but still economically viable and definitely and considerably profitable. Would hate to see expectations overly exuberant and then see vein #2 info come out this week and due to it being less than San Miguel, be a reason for the pseudo bears to come out swiping and bemoaning the less than stellar numbers. Just IMO...fwiw...nothing...but I'm sober, so it's something, I hope...lol.
rofl...
Keep em and add if you can...I will re-buy some between .025 and .030...still don't think .020 is gonna get hit though...just a feelin...
There is a somewhat informative "gap" discussion at post #2229 and #2231 over on the PTSC board (I personally prefer the post #2231, heh heh, but that's just me).
Today's lows will possibly hold (nice above average volume on the pukers in the last couple of hours)...if not, then maybe some opening weakness in the morning followed by some heavier than usual volume on the capitulation, and then a reversal back up by second half of day... Nice buying opportunity perhaps...we shall see! Not happy to see it below .034/.035, but considering the smell of fear in the air, I think it could be constructive in the end.
lol...
EDEX-plosion! Gonna hafta remember that one for future reference, for sure!
How about today's nice potential blowoff bottom on the gold/silver pullback? Nice to see that it may finally come to an end or at least settle down and consolidate from these levels. Really needed a shakeout and a final capitulation move to the downside on the spot prices and the gold/silver stocks. Today COULD be the day, then if silver begins a recovery back up, perhaps some pressure might alleviate from FMNJ. I've seen 35-50% knocked off of many of the bigger and more solid gold/silver companies. Heck, one of em I'm in is down over 53% in just one month...UNREAL...what an amazing bull market pullback...WOW! I think we've seen the worst of it, imo.
Well, shorts, I hope you've covered as much as you can, cuz I smell fumes coming off the launch pad...T minus 9 to takeoff. Price action back above 1.11 and cya, wouldn't wanna be ya. Close above $1.20 today and $1.37 sometime tomorrow or later this week. I love it when the shorts get buried at their own game. Time will tell, but I smell something cooking...the shorts about to run for the hills w/ their tails between their legs.
Agreed, however, I think they are just backing and filling down to the 1.08 level. I betcha it takes off and starts smoothly moving back up and closes today above $1.20...maybe even up around $1.27. Those MM's and shorters really are some scummy #(#$&@ aren't they?
Oh, ok...I gotcha...I see it. The price did come back to "fill" that gap though during the next day's price action when it traded up to a high of 1.395, so that gap would no longer be considered valid or unfilled... Nice example of a filled gap though...should help others to understand what is meant by "filled". Thanks for the link.
Yep, agreed. .839-.86 should now become a "breakaway gap" and remain unfilled provided that the stock reacts positively on the charts tomorrow in reaction to the after close Nikon positive news.
I don't see any gap on the daily chart between 1.31-1.34, IamSam...not sure to what you are referring...
This is no response to any poster in particular, but I would like to go on the record and "suggest" that I feel 75-90% that a move down to about .79-.83 (preferably nothing less than about .85) is on the radar (but only between this Friday and next Tuesday or Wednesday at the latest before I change my short-term mind/analysis).
DD looks good. Future potential looks GREAT, but short term weakness and shakeout looks predominant. FWIW. Don't get shaken out if you are a nervous bull...IMO (unless you intend to buy back cheaper).
I know that I will be buying more at a certain price, but will not suggest that exact price here...for my own purchase level purposes only.
If you are long and scared, stick it out, but don't fall prey to whomever may be playing games and/or trying to shake YOU out w/ this PTSC potentially profitable play (alliteration intended...puns, I hate, cuz I can't ever do em...lol...very rarely anyway...and again, I crack myself up...hah hah).
I would definitely (or ALMOST definitely) feel that Todd, or anyone else in his predicament should hold and/or buy more at anything sub .90, with the reservation that any action below .75 or any close below .80 would be a major concern. Other than those parameters, I think you all have good future potential pricing on your hands.
Again, that being said, there is no definite that the gap will be filled for those buyers awaiting such price action. This could hit .86/.87 and move onward and upward from there without any need to hit .839 or lower. Only time will tell. Oh, they also say that gaps don't NECESSARILY HAVE TO BE FILLED, only that they USUALLY ARE TESTED which could mean anything from somewhere in the middle of the gap to above the gap near or at Tuesday's low of .89. Maybe the gap won't even be tested any further...we shall see...
Also, this is reckless on my part for even submitting an opinion here cuz it really is just an opinion ONLY...it could be just as much wrong as anybody else's.
IMO...only.
Looking good in my book...past T.A. experience anyway.
I use TdAmeritrade and have been using them since they were Ameritrade-Datek and since they were Datek prior to Ameritrade buying Datek out. Now only $9.99 commission regardless of number of shares, and I have had no problems to date for the past few years (even w/ pinkies).
Personal opinion...I think .034/.035-.038/.039 is a slam-dunk buying opportunity. I'm liking the opportunity to add if we get a nice little shake-out in that price range. Any drop below that would concern me in the near term.
I don't know that there is any real rule of thumb on that question, but I would say once the price clears the most recent intermediary high of 1.51 that it would be moving onward without coming back to fill at .839 (and therefore could be considered a "breakaway" gap), but for now, so far, I would say the gap is still fillable.
As long as we are trading below $1.20, I would say that the gap still has a reasonable expectation of filling in the near term.
NO.
Gold Money and Turk are both reputable in every which way...imo. I have been involved with both at one time or another in the past few years. No worries.
Not off topic although it may seem like it at first...
KRY and GRZ (not pumping just for comparative purposes)
Look back on the charts to mid-late September 2005...
Those prices on both of those stocks had the bottom fall out BECAUSE of Venezuela and Chavez coming out with an almost identical statement/agenda as May 1 w/ Bolivia. Look at what those stocks did and then look at the recovery that both have experienced since!!! They BOTH fell off of a cliff because of mining properties in Venezuela and then consolidated for 2 months or so and then came back with a vengeance after that period. Very similar to what SIL and FMNJ are more than likely experiencing as a result of "may day". Once the fear subsides, they will resume their uptrends.
Thank you! I have wondered so many times about certain abbreviations, but just didn't want to sound stupid by asking. Thanks for the link...nice info!!!
Oh yeah...MM is Market Makers...those are the guys who have a "license to steal". They make the spread between the bid and ask. They "make the market". They are like leeches who make that 1/2 cent or little scalp in between on all the shares for their "responsibility" or "privilege" or hooking up the buyers and sellers. They are a necessary evil. Whether they really get involved or not in trying to move the stock around, I doubt it, cuz they make their money automatically no matter what as long as there is volume and movement either way. I think people just like to blame em sometimes as an outlet to vent when things go awry. More than likely it is the day traders and short term flippers and pumpers/bashers who exacerbate the wild swings.
imHo...not sure on that explanation...
wow, so much for that intraday breakout "wish" commentary out of the intraday narrow sideways channel...egad...I was rooting for it, but oh well...shit happens...it never got past 1.06-1.07 darnit...really thought it had a chance earlier. You can only formulate an opinion based on what is there and what you see and then if you can drop the ego and emotions, you have to be able and willing to change it when/if conditions/circumstances change...looks like that end of day call in the one teens was a fool's bet...crap, I put my money where my mouth was and bought at 1.04...yuch...hope I don't have to sweat it out down to .84-.86, but it IS definitely possible, especially if we close anywhere below .99... Guess I'll dig it out and see what happens and pony up and buy the gap if so (begrudgingly) fortunate, I suppose.
Key areas, IMO... Anything below .97 and we almost for sure will fill the gap...bottom at today's low and tomorrow back up or by Friday back above $1.07 and we are headed to new highs upwards and beyond $2.00+. Should be interesting.
Sorry for posting too much personal opinion info...hope I did not lead anyone astray...my apologies and I think I'll keep tight lipped from here on out unless something just reaches out and slaps me in the face and I can't stand keeping quiet. Good Luck and Good Trading to all!
for me anyway, IMO means "In My Opinion"..IMHO means "In my HUMBLE opinon", for some reason, though, I usually only use IMO...I don't like the H cuz I'm sorry, but, to be honest, I'm not humble in the respect that I personally believe that I know my shit and I don't feel humble about spouting off the truth about what I know I know...knowwutahmean? It's not meant to be bragging, but at the same time, I just feel the H is superfluous.
Crap, and I just now read your post after spending the past 15 minutes giving a bunch of gobbledy gook and posting an attempt at an explanation...sheesh... lol...oh well.
"Fill the Gap" need...
Ok, guys, I'm gonna do my best in the shortest breath possible...I just hope I'm not too long winded, cuz I don't have my old T.A. books in front of me to give a proper and concise definition or explanation.
In my past 13 years of experience in both commodities and stocks (not pinkies, so I'm not sure if it applies here as I've only been messing with pinkies the past couple of months), but approximately 85-90% of the time, I have noticed that prices tend to move back to a gap or void in price action when a gap is left on the chart between two days trading price swings.
In this case, the gap is between .839 and .86. It does NOT HAVE to fill, it is just a HIGH percentage probability that it usually acts w/ some sort of price gravitational pull. Sometimes it comes back and completely fills the gap and maybe more, sometimes it comes back to just about the middle of the gap and other times it comes back to just above the top of the gap. I don't know why, it just happens the MAJORITY of the time. I could go on and on and explain the logic and investor psychology behind support and resistance levels and previous support/resistance becoming their future opposites, but I can't remember the logic behind the gaps in price action needing to be filled...sorry. It just happens 8-9 out of 10 times.
However, there are times when the gap remains open and unfilled, in which case it would become a "breakaway" gap and be a predecessor of a large move in the direction of the predominant trend. If we were to bottom here, uh, say in the low $1.00 range and then move back up from here and then gap up again around the $1.50-$1.65 level, then we would have a "mid-way" gap which would point the way to a gap price objective approximation of about $2.40 give or take 10-25 cents. That scenario is all hypothetical, but there are those times when the gap is a good sign and is a "breakaway" followed by a "mid-way" and then an "exhaustion" gap at the end of the run. A clearer picture will unveil itself over the next few days price action.
That being said, even if we WERE to fall back and fill the gap around the 85 cent area, that would not be a bad thing...usually after the gap fills, if the fundamentals are appropriate (which, in this case, I believe they are), the price turns back in the direction of the previous trend and moves forward strong and solid. Either way, IMO, gap filled or an unfilled "breakaway" gap, this stock is going to move higher rather than lower through the next weeks/months irregardless of any short term weakness yesterday, today and/or this week. I, personally, would only become concerned on price action below .75 or any close below 80 cents.
Just my free evaluation. And you know what they say about free advice; it's only worth what you pay for it, so don't read too much into this, nor would I expect you to. Just my thoughts from a technial standpoint combined w/ a good DD of fundamentals going back over the past year.
Oh yeah, P.S. The advantage of the gap being filled is simply that it would be a GREAT area (+/- a few cents) to ADD-ON to existing positions.
breakout coming...I see $1.15-$1.25 close today...c'mon buyers, make it run
ROFL, rai...congrats on your profit...and no, I'm not good w/ the ladies...I've also considered the monastery and the mail order thing...I'm SERIOUS!!!...lol. I'm a good guy, just too damn shy to put myself out there. Heck, I spent the past 11 years on/off/on again w/ one that I thought I could tame...she was just too damn wild and would not grow up. So I finally threw in the towel...let me know if you come across any good monastery internet sites...I'm gonna try to be a normal person for the next year and half to two years, and then, if no success, I'm throwing in the towel and going to become Friar Tuck. Till then, hang on to FMNJ for the ride of a lifetime. Hopefully things will move above .07 before July 1 bills are due.
Of course! Any floor membership is a "license to steal" as they say.
Understood. Delete it if you deem it necessary (although I justified it in my mind by trying to lure Jag out of your hair here...heh heh...guess it didn't work). I forgot about the private messaging feature since I usually just use regular posts. Thanks for the reminder.