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True for most applications but I read an article recently about the solar industry seeking carbon alternatives to silver used for solar panels due to the rising cost. So there's definitely a breaking point for certain industries. How that will affect overall demand, I have no idea. I just personally don't think it will be allowed to run that far before physical sales restrictions are put in place. But that's purely a guess and open for debate or just good old debunking.
This is actually a very interesting debate topic since there are quite a few economic reasons for silver's range to be tightly controlled. And as much as i'd like to see my silver investment run, I feel like I can't realistically expect that we will crush previous highs as people expect because that would likely crush much of the industrial demand for the metal as well. Unlike gold, silver is not used primarily for its buy and hold investment value. So pairing the behavior of silver with gold's reaction to economic instability would have an effect on a wide range of industries and ultimately stifle economic growth.
Personally, I think that volatility will be the future of silver because when the price gets to levels where it has a negative effect on industrial demand then "they" will find creative ways to knock it down and shake investor confidence. I think trading silver aggressively is the safer option than a long term buy and hold strategy. Just an opinion.
Good question. We've been tightly channeled for weeks but I have a feeling they'll pinch it before letting it run. Seems we have a stalemate for now
It's always interesting when worthless equity runs 80%
I'm in. I appreciate your style ospreyeye. You're very calculated and resilient to the inevitable berating you get for being so emotionally sterile with your trades. I've seen your TA for a while and you have a good eye... although, I won't follow you on those sub penny runs like DGRI. Good runs on those but not my cup of tea.
Good stuff man! Keep it up
That'd be nice. This tight range has been a little boring to watch while everything else is on a new year tear. We're overdue. Bring on some volatility!
Well that was a nice pop on volume. Big Friday move coming?
Chart looks tightly wound for some Monday action here
I think so too. Looks to be in the final days of consolidation. You're flipping the small moves like a champ. I've got a couple buys in a bit lower cause I think they'll drop it sharply right before a bigger move up. Practicing patience here for now
Nice call on that bump. Wish I had been around on Monday to soak up a few.
I hope you had a great holiday. Maybe we'll get a nice new years move on air here while we wait for some financials.
Anything is possible... although unlikely. Creditors come first and THQ was deep in the hole so I certainly wouldn't count on it. I might jump back in a few times for flips along the way but holding this long for a potential recovery is a bigger role of the dice than hoping today wouldn't come.
That's the spirit. A good fire dance is always fun to watch. Hope it works out for you bud. How'd you pick your price target?
Yeah.. someone was playing gotcha with the price since yesterday. Appears they got quite a few.
I opted for the write off this time around but that's a tough question. Anything can happen on the OTC with massive swings but it's also like swimming in a pool of sharks while bleeding. Greed will get you slaughtered so if you choose to play it out then take whatever green is on your table while it's there because moments later the price can tank. It's also very hard to tell what movement is real and charts are practically meaningless so it's really a full on gamblers arena.
I've really enjoyed THQs games over the years and was really looking forward to COH2 so I'm particularly disappointed that the Humblebundle.com campaign was unsuccessful in preventing this but it kind of seems like that was never their intention to begin with. Tough to say what Clearlake would do with a game company other than liquidate it but I have nothing but guesses at this point.
BK typically ends with shareholders wiped out after a slow bleed on OTC. There will be some spikes along the way driven by uncertainty, court proceedings and gamblers but for the most part its an ugly process. However, if you have a stomach for the swings there should be some good opportunities to trade out if you're severely upside down but it may take some buying and quick flips to get out unscathed.
I rode out the wamu bankruptcy and that was a helluva ride.... but ultimately it was just a massive government sanctioned bank heist that screwed investors that held on hoping for a positive outcome. The people flipping it on the way profited from some big swings. It's not a similar scenario here though and some companies pull through and make the survivors wealthy. It's hard to say without more details about this transaction.
Good luck to all involved here. It's a roller coaster ride from here to.... who knows...
Well that sucks. I was really hoping they'd pull through
Promising start. Maybe we'll get a strong push above 2 to seal the deal on closing that gap. Feels like just a matter of time now
Looks like Friday was just the bob before the weave. On our way to higher ground just in time for the holidays
Yeah they're really pushing hard to scrape the bottom here. Call me crazy but I have no stops on this one. Just letting it play out this time.
And no doubt man. This week has been an awful reminder of just how screwed up people are these days. If someone is that f'd up they should just take a dive off a bridge. It's sad that some sick bastard feels the need to take innocent children with him.
Looks like the pinch before the bump to me. One final gotcha on a slow Friday. Might be wrong but I doubt this goes much lower. Full 60% fib retrace from the high on low volume with several key supports still below.
Very true. This could just drift until earnings but I'm more of a technical player on companies where i actually use their products. And this is a good company that sells solid products with some short term issues and it's due for a technical bounce. I feel good about this one. Like you said.. Not always right.. But at least comfortable with where this is trading for now. Lots of upside potential
Because its the opposite of what everyone is expecting
Well, unless he has a different source with conflicting data, shortsqueeze.com is showing 19mil short with 1.9 days to cover. I'm curious where 10 days is coming from aside from just throwing out some arbitrary numbers to conform with his view. I won't proclaim to know what's going to happen but I don't think this "sell off" lasts past this week and it's nice when gaps fill like the one they created this morning
Where are you getting 10 days to cover?
How many days to cover?
Probably a wise move. I bit off a few this morning too but have a couple orders at key supports below us just in case they drop it further to cover. Still quite a few shares short so it's possible. Not sure I believe they can get it back down to the 200ma on the weekly in the 26 range though. Too drastic and unlikely with all the attention. A retest at 30 maybe..
Holding nicely here. If we get a big dip I'll pile on more. Back to the pile!
Let me take a stab at what Boehner will say... "its the presidents fault for not compromising to our uncompromising position"
What's with all the chest thumping and peacock feathers? Relax guys. Silver ebs and flows. A few bucks is hardly worth bragging about in either direction. Everybody here deserves respect regardless of what they think the price will do. A good guess doesn't make anyone a genius.. especially if you feel the need to remind people how smart you are.
Nice! Definitely getting comfortable here. I'm confident OCZ will pull through this. They've slimmed down their workforce, focused their efforts on fewer products, secured new NAND suppliers, and are cranking out some solid products like the Vector. I'm interested to see how the new year treats this. Should be fun.
Slick commercial too. Might pick one up for myself this weekend. Looks like its about $1/GB for a super fast drive that you can dropkick across the room.
Lol. Spoke seconds too soon. Thank you. Loaded up a few right here. Show me the money OCZ
Been camping on that 1.76 mark for a while now and nothing yet. I refuse to budge. One more EOD drop to take my order perhaps? Ya lowsy bums... release the kraken!
Doesn't look like they're going to let it go just yet. Maybe retest the recent bottom or even a fib retrace to 1.40-50ish. Some good news would be well timed here.
I'm surprised. I figured you were part of that volume at 1.75 and was referring more to you as the smart money than me. You called that bounce perfectly.
I had my order set at 1.72 and bumped it up a bit to get in but then sold the bulk of it for lunch money at 1.86 when it started to look like they were going to close it right on the 50ma. It really could go either way Monday morning and Zecco is moving to Tradeking's platform this weekend so I don't want to trust that their system will work for a quick exit on Monday. It's already a screwy system so better safe than trapped.
Maybe i'm in the minority but I actually think it's likely that the company sold themselves short on the guidance in order to look better than expected on lowsy earnings. Seems like everyone is expecting a drop but the strength in this move suggests there's more to this than meets the eye.
Looks more like smart money sold over 2 and reloaded at 1.75
Looks like a direction was chosen. Discouraging but hopefully a big bounce follows
Just a reminder about who bought Sprint..
"I'm a man and I think every man wants to be number one"- Masayoshi Son
All we have are rumors at this point but considering the person behind the transaction I think anything is possible
So now we gap up to close the gap? Interesting
I think they'll close it on the 50ma to stir up some FUD
Still looks strong but the STO is screaming spent and that push looked like a double top to me. Out at 1.97 with a reload at 1.72. I use OCZ products so definitely not done playing this one. Closing that gap to 3 feels like an inevitability.
A pullback would be expected after that monster run. Just a bit surprised it hasn't happened already. This strength is keeping me in for now with a tight stop loss.
And ain't that the truth.. I'm sitting on mostly cash trying to figure out where to put it. I love bottom fishing solid brands but there are too many to choose from right now. Always good to see some like minded tech players in my pre new years plays though. GL bud
Looks like it's setting up to fill the gap. Will we get another pullback? So far they've just been hiccups. Chart looks sweet