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lol here comes the painting of the tape at the end of the day. back to lurking.
just bought some more. thanks for the cheapies. eventually they will become cash flow positive and the shorts and naked shorties will burn and be forced to cover :)
i agree. the bigger miners i hold like tc and silver wheaton are all making new 52 week lows. I will continue to add as i think this is a gift. The fed needs to push pm's and oil down prior to the election. money printing from the world central banks will continue and inflation will keep rising. I look at this as a good time to buy silver,gold,oil,and maybe some beaten down telecoms. I always keep fresh powder on the side to keep adding if things go lower. I think the silver paper price might retest the 26dollar strike price which we are now not that far away from.
I plan on adding some more pcfg and other miners this week and for the weeks to come.
I think its smart to go against where the market is trending. is that not how buffet made all his money? running against the crowd. Unless you guys think the world economy is going to get better and the debt bubbles will stop growing i think gold and silver and commodities in general will go up. They just had the gov of Cali on tv saying the state has a 16billion shortfall.
thoughts?
just my opinions of course. do your own dd and decision.
something I have been thinking about recently. I look at the micro cap, jr miners and the big ones. The theme is see on almost all of them is that they are all almost at 52 week lows. So to me I dont think there is much more room to go lower. Case and point. I bought some tc right at the bottom and now its up about 5% already and a huge miner like silver wheaton is not much off its 52 week low.
The thing is although the paper market for gold and silver prices is taking a small hit. the weaker euro leads to a stronger dollar, but I dont think this will last long. If anything we might get some cheaper gas prices which will help these companies operate cheaper.
As for PCFG I am in a a much higher average and I might add some more soon, but with these micro cap miners it is very rare that they get into production. Most turn belly up in the exploration phase because cash burn and not being able to raise capital. When they are in production then it is great news. As long as the management can eventually take things to a cash flow positive position then it would make them an interesting takeover candidate down the road or to do some nice share buybacks with positive earnings.
This is just my personal opinion. What do you guys think. Ohh and I also love taking home delivery of physical silver and gold as well :)
its way worse than that fluff piece from forbes. turn on cnbc. its upwards of 4.2 billion at least and that many porfolio assets are still at risk.
they are talking about it now. just wait until there derivatives and silver shorts come home to roost one day.
i would not jump to conclusions just yet. Most likely it has to do with the hundreds of legal cases they have and are dealing with and some other things.
Cnbc was very vague on the details and said that dimon would be having a conference call. The stock is falling off a cliff which makes me happy.
I am coming out of lurker mode to let you know. Just turned on cnbc and they said jpm has legal losses of 4.2billion... more info to follow.
I wonder what the "legal losses" are from and its always nice to see them losing value in share price after hours like this.
dipped my toe in today for a small 200 share block at 4.19
I think the miners in general are way oversold. I think by 2013 the picture will look very different in terms of gold prices. just my opinion.
If it ever cracks below the 52week low I am going to add some more.
there it is again. nice buy...price goes to .80 while the bid and ask dont move.
if that does not show everyone how in control starke is then i dont know what will. lol
it really is weird the way its trading. every time a nice buy comes in above the ask and the pps moves the bid moves down even more while the ask stays stuck at .75
lol... Here is a message to the MM's and people trying to load off the weak minded. :O) you will never get 1 share from me you turds.
ha ha . that was the post of the day for sure. lol......
on a different note. anyone notice the ask jumping all over the place. Seems like the barrier to higher prices is very thin. Looks like the mm is having a hard time matching up trades. just MHO.
I would say that the news matters in the long term, but in the short term the market makers are going to direct the price movement as much as they can keep a lid on it. It will take a lot of buying pressure to overrun a market maker to make them notice you and even think about covering or making a change in the day to day program they are running.
In Pink land I have seen too many miners with good prospects be cut off at the knee's by greedy day traders, flippers, and market makers who have a clear agenda.
I think it would take some serious buying pressure to make us move in a parabolic way, but then again those types of moves are followed by parabolic moves in the opposite direction.
I think its best to close green and keep on slowly building a base, but heck what do i know this is all just my opinion and someone could have the complete opposite opinion as well.
I think it is important to make the separation between the reorganized company and the litigation trust.
Recovery for shareholders can come from both area's.
good thing its just an opinion. If you knew about the NOL ownership rules then you would not make such an uninformed statement. I will leave it at that. the "no ownership change" rule governing the NOL's is a fact not an opinion.
so what you state cannot happen because the NOL's that were fought for would cease to exist if that were to happen.
here is something interesting for the board to ponder. the jobs act that was signed into law today allows companies with under 1billion to avoid outside audits and also makes the sec reporting requirements less than before.
also it allows companies to go public and raise capital more easily in the open market.
so the thing that i am thinking about is will this act that was signed today loosen the sec reporting standards in order to allow a company like ours to raise capital, do mergers, and most importantly uplist to higher exchanges with less of a hurdle......
thoughts?"
that may be true. but volume is very thin and i think most of the people who were cutting and running are gone. all thats left are the longs and the flipper grinders.
i think you are reading each others minds. funny how you both post in unison everyday. hum..........
do yourself and the board a favor and please state in my opinion after making statements like that and at the end of your statements. your stating what you say as if it were a fact and is misleading to lesser informed people reading the board. thank you.
thank you for the best post of the past week amongst the mountains of crap. kudos to you.
how is the share price down if it opened at .65 and closed at .67
I am confused by your post.
I will tell you what truely does not mean squat your post or the bold print in it.
If i had extra money laying around I would crush this mm turd right now. they are trying to hold on until the close lol.
lol they wont even move the bid price. with some more solid buys they will get hurt.
looking very very thin to me. a bit of good buying pressure could make this mm have a bad day. lol now they flipped the 2501 shares to the bid side with 1 on the ask.
mask away mm we all know you dont have the shares lol.
ha ha I was right... Look at the ask move right up... bid 1 share ask 2501.... lol they are masking trades.
looks to me like the mm is running low on shares to short. the ask moved up a tick. got my last order in for the day. I am all tapped out until next week. Hopefully all good buys :)
i just keep buying it up. as they move it down every tick. I can see what they are doing and ive seen it done a hundred times before. I just choose to buy in the face of starkes manipulations. will it continue to be a good move? time will tell now wont it.
what are you talking about the entire market is getting crush not just precious metals.
ha ha they did the same exact thing to me. I was sitting at .67 on one of my orders. they filled me at .66
:)
sell me those air shares CRTC... I dont think you actually have them starke!!! lol.
more funds coming soon :)
It was easy to see today first trade of the day was a 1000 share move total telegraphing at the open.
i got two orders in one at .65 and another at .67 still no fill from good old starke.
speaking of which... over 400,000 bucks to the buy side is no chump change.
oink oink.
did anyone see that first trade at the open. lol.... Its like a fighter telegraphing his moves lol.
yea something weird is up. just did a test order they filled my small block at .79 and the price didnt move an inch.
lol. thats all your post deserves as a response.
well I can tell you one thing. I am one of those solid people. I added more and I hold a nice chunk of post conversion shares. They are not going anywhere anytime this year or next at the very least.
biz. read the previous post i was responding too. lol.. after 3 +years i think you would know im up to speed on things lol.
I understand this. I choose not to take pro rata shares. I left it blank so i could get 100% cash payout for my H's. My question is because they are gone from my account how can i trust that the trustee will send me a check or whatever when the time comes?
there is as much validity in that comment as saying watch it go to $999.99 a share.
what a waste of a post.
how come my H's are gone? and I dont see the cusip you are listing?