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Got a little price action here today
Honestly, I think we’re in limbo until the election...bated breath.
In the long run, silver should gain in value. World debt in the fiat currencies will reach critical mass. Patience is king, here.
Possibly
I think it’ll be 7-8 months before they have a chance of getting meaningful earnings back on an upward trend...if they can stay on top of their debt.
I don’t know as much as I probably should about it, but the company seems stable and growing, and silver is poised to run higher on further QE. So, their assets will automatically rise with it, and so will the stock price. I think it’s a little more certain than just being speculative...global economic conditions considered.
I saw the move up and bought some more physical and also some more into a silver miner. I thought it would go a little lower temporarily with the global markets uncertainty, but I suppose not. I’m happy with being in the green. I’m looking for the $30 mark this winter...hopefully.
Agreed. I’m adding a bit to my position here.
There is currently far too much risk associated with this stock. I’m looking to next summer for a possible upside.
The week ahead—what reason does it have to bounce? I think we’ll trade sideways for a while...maybe even see lower lows before the next leg up. I don’t think we break below $20 (silver spot price), though. $21 is my feeling. Thoughts?
Slap on the wrist
Yeah, I would have expected linear correlation with silver. It’ll head back up soon, I think. It looks like markets are stabilizing. Election day is close, too.
Thanks. It was one of my most hopefuls. Hopefully they can hang on. They have a lot of debt and at least three more quarters before a possible vaccine comes out and the economy gets back to running stronger. Good luck to you.
How low will it go? My guess is mid to upper teens. I’ll be buying plenty if that happens.
Gonna be a big chance to average down here.
I’m out at $5.76. Maybe I’ll get back in if the smoke clears a bit. GL
I think you are right on with this. We’ll see. Open interest is extremely high and the shorts are strong for December. After that, it will be stronger than this last run.
Maybe I’m a little overly cautious, but I remember Seadrill saying everything was fine back in 2015 as they sank and shareholders held for the next run up. The energy sector has taken a huge hit this year. Even many solid companies are feeling the squeeze. Whereas Energy Transfer’s infrastructure is an economic necessity, it doesn’t mean they are. Assets change hands across time and circumstances. All I’m saying is, watch the cues. Maybe the company is being forthright in their email response, but maybe they aren’t being completely transparent, too. I’m curious to see how long the dividend holds up. I truly hope they weather this current economy. I have money parked here, too. Retail stockholders are the last to know the full story in these situations, but the dividend keeps us on the hook...for now.
Good
It seems analysts still have this as a buy. I don’t like these lower lows.
“Which way do we go, George?”
Outside pressure from market selloffs, I suppose.
They are trying to free up cash. Senior notes are bonds and are due to investors ahead of any other payments, from what I understand. They’re moving them to the OTC and will be making interest payments through a trustee. This sounds pretty bad. They must be incredibly over-leveraged. Chesapeake Energy filed bankruptcy at the end of June. So, I suppose it’s cascading over to ET and compounding their problems. I’m guessing the dividend is the next to take a big hit...probably completely. It sounds like it may be time to roll out of this one, but I’m not certain. Why have they kept the dividend so high if they are in trouble?
Thanks for the response
Maybe I jumped too soon. It seems the iPhone has been in India. What are you referring to?
Pretty much
This was just added to the things I didn’t know but now know and am happier for it.
I’m not certain there is enough blood yet. I think it may get below $100 still, but what do I know. There’s a lot going on affecting the markets, including a possible second lockdown, tensions with China, and dwindling stimulus hopes. People are getting nervous. People are going to sell and hold their money out to protect their base. That’s what I see. AAPL will bounce hard once that mess settles. There are only a handful of companies keeping the markets rolling, as is.
That’s my point. How long can it hold before sinking with the rest of the markets?
Back over $110. The real question is, how long can it keep this up? It’s surrounded by blood in the markets.
Indeed!
lol
$108’s!
I’d like to pick more up at that price. I have been expecting a second, harder crash than what we had in March. Maybe this is it.
I don’t see that happening, but who knows.
ET is holding nicely, considering the market.
I’m not hip to coconut charcoal. What the heck does that mean? lol
Gotta break thru $8 soon
The dynamic was different a couple of months ago. I have mixed feelings as to where it’s going. We have many factors playing into this run vs fall scenario. I’ll hold my physical silver, but I’m almost ready to take my profits on SLV if it doesn’t make a nice move in the next month or so.
It’s working on it...looking pretty good right now
One day at a time at this point. lol
Well, it tried to get something going.