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NGA is breaking out, finally.
Still like gold, especially EGO & SA.
"any word from your spotter telling of any increase in heavy machinery headed to the mine?" My spotter has been at Burning Man this past week (just 40 miles from Hog Ranch on the only road, gravel, to the mine) so not in the office, but certainly able to watch the road for an incursion of heavy equipment. None so far. Hog Ranch is still lying fallow. All the news is about the other mines.
"That would mean, the laws of attraction are evident, those of like mind, interest, and earning potential flock together."
Not only are they attracted to each other, they moderate each other's energy (for benefit or otherwise). That is why it is advantageous to hang out with positive, cheerful, healthy, loving folks if you are interested in attracting love, health or abundance.
Glad you had a nice trip. Now get to work!
SA looks very, very good today. A while back there was an article that said they had 1 oz. of gold for each share, and it seems the cost to get each oz. out of the ground is around $290, so maybe this stock is worth around $300/sh.
Thanks Dick, I'm paying attention. Ted emailed me that the CEO will be a guest on Fast Money today, so....just in case....I covered my short position. To date, NOTHING has been able to cause the stock to go up and hold onto the gain, but there is no use in tempting fate. Of course, I should have waited a few hours to cover, oh well, that's the price I pay to avoid worry.
Other news, NGA is surprising me with its sharp increase today, 15% on no news....I'm about .50/share above water....what a great feeling.
Hmmm, ABP,it's beginning to look like a little insider trading now, isn't it? Maybe the old man's death is thought to be a boon?
Let's just continue with the extreme volatility, that will keep the MMs with their nose to the screen, trying to make money on every news item.
Did you notice Barron's article about the Cramer picks under performing the market? I'll bet he is furious.
Yeah, so you jumping back in?
What's with a contract to develop LIPC, when they've been saying that it is passing all it's tests?
What an exciting start of the day, love those 300 pt. swings. When/if the market goes back to its normal 50 pt swings, I'll be dying of boredom.
Cramer actually/correctly predicted a pop this am., his advise was to SELL.
Well that sure was fun. Anyone care to guess what tomorrow will bring?
Oh Ted, I did buy SA, but at considerably higher than $25, I forgot about an open order and sure was shocked to see that I'd bought it, thank goodness it wasn't much.
I'm thinking Sid doesn't need any help, VPHM will do fine. Looks like Bominireal will be ok in BOOM too.
Haven't bought SA yet, I think the $20 options are gonna get creamed manana. Plus, I've been trading a day too early this week, so am gonna try and slow it down. I like it better when what I buy goes right up and stays up.
It will be interesting to see whether the bears can claw IRBT down to $20 also.
Wow, what an amazing bear raid. I've never seen the likes of it.
I just happened onto him at the VPHM board as I was perusing it to see what was up with the decline. VPHM is off $2 more today.
Glad to hear that it doesn't feel like '02.
Dick, I AM proud of you, shocked & awed as well.
Our good friend Sidleno could use a little help in propping up VPHM. Huge drop on an analyst downgrade. It is always fun to make those guys look like dopes. Maybe next week it will safe to buy a few shares and help him out. You remember him? NW US, travels a lot, took a shine to antispazz, spent a lot of time in the penalty box, hairy back, rode VPHM from $7 to $15.....come to think about it, maybe he doesn't need any help, maybe he should have taken profits. :)
Decided to cover 1/3. If it pops next week, I'll reload. Thanks.
You have some good shorts for next week? It we get a pop, I'd like to go a bit more negative.
I'm considering starting to cover my ONNN short. Ted, what do you think, is it time, or is it really going to hit bottom?
Poor ole Sidleno is getting his teeth knocked out on VPHM.
Is Nepenthe still in business as a retaurant? Yes, I was thinking about it yesterday, and how nice a drive along the coast would be.
"Have you ever needed to drive with one eye shut just to get home from a hard night?" Often, I worked my share of night shifts as a nurse. But really it was one eye open, at least that was the goal. Not that it mattered if my eyes were open during the winter, the fog was so thick I couldn't see 5' anyway.
Dick, you might want to keep some of that QCOM dough around to put back on QCOM. It should bottom soon and then go up 'til about March '08.
BUT, the place to be for the next few months, I think, is gold....especially the gold stocks that are not hedged.
I've nearly hit the sell button on GE a couple times lately.
The Dows are up for the week? 'Cause they're all down today!
Wait 'til the Monday margin calls, 12:30 your time, should be exciting. The question is, is that a time to buy, or is there less to come?
I'm in shock, someone hand me a cool towel, I NEVER thought you'd sell QCOM!
I think I need a cold soda, maybe an aspirin.
"Did you see the beating JDSA took today" Who? JDSU went down, but not so much I'd call it a beating.
oh, i see, jsda
You forgot DUSA, it broke support yesterday.
you can thank your lucky stars that you didn't hold AHM yesterday.....it plummeted 90% and will probably not be recovering.
I've seen the Travel Channel show on the G.C.. The thing that impressed me is how rustic all the accooadations and amenities are. If the trip down to the bottom was nicer, I'd be interested in going. As it is now, I'll skip the mule ride, but a helicopter ride might be fun.
Nope, I bleeding, adding to my angst is a stock I wanted to buy @ $25 which is now up to $30 in less than a week.
That HW is annoying me too, who would of guessed it'd go up? Dusa is killing me. I shoulda kept NVDA longer.
"Billy don't be a hero, come back and make me your wife..."
Oh God, is that a freudian slip? Are you trying to disclose your sexual orientation? NO, I won't imagine it.
Bounce? Is this it? Pitiful.
Yeah, and also: short end of the stick, short of breath, short and sweet.
What a whiner. You obviously don't have enough short positions.
Dick I agree, it was worth at least $35. The point of my post was that it was not undervalued as the lackey published, as 5X earnings would have been fairer. 2X earnings was not reasonable, especially with the potential to turn its patents to widespread opportunity and that their earnings were only from the govt. for research....low margin earnings at best.
But, I think I see the light now.....do not owm any company likely to be bought by NOC. I'm sure some have no qualms about manipulating the market to get a bargain. Some would be tempted to buy NOC stock to get in on the gravy train, but I want nothing to do with them. I know my father didn't liked them either, even though he was lent to them often, and I suspect he knew a lot more about them than I ever will.
Ted, throw a few pennies for me. I'd like to win the lotto. I'd like Dick to be healthy enough to travel. I'd like to find a mother lode.
Have a wonderful vacation. Mention the Valley of Fire as a place worth seeing while in Vegas. It is loaded with petroglyphs and is easy to get to. Many believe, it is on the Ley line, and has unual energy. My husband fell about 15 feet off a ledge, suffering numerous abrasions and contusions, and he was completely healed within 24 hours....unbelievable!
That article about Essex being pricey has interested me enough to do some research on two other stocks that I follow which have been recently taken-over.
DJO take-over premium 8% @ $1.3B, rev. was $445M, profit was $246M....so the author would consider this a pricey takeover as well. (5.28 X profit)
TONS takeover premium 13% @ $585M, rev was $815M, profit was $185M (3.16 X profit)....of course TONS hardly had any investors to protest.
My opinion on such scanty research is that there is no formula, it is whatever they can get by with. Both stocks (as did KEYW)had a big decline prior to announcement of the takeover:
http://finance.yahoo.com/q/bc?s=TONS&t=1y
http://finance.yahoo.com/q/bc?t=1y&l=on&z=m&q=l&p=&a=&c=&s=djo
It's really too bad that the stats are no longer available for other takeovers like LSS, KEYW, & HYDL.
I think they put that article in the paper for you, Disgruntled Dick!
Ted is just out of GRI training, he could expound on how to value a business if he wanted to. When I took it 16 years ago, a business was worth a lot more than 2X earnings.
Now that we know what the big guys consider pricey, I guess it behooves us to make sure WE don't pay too much.
I oughtta sue. I ain't done nothing wrong! Ted probably did though, I'll push him in front of the bus if I have to.
Well pretty much everything took off, if it didn't it's a real loser, :)
But...how about that GE today?
They used the Pelter wheel and flumes to get water to the site, then the diminishing aperture size created a force of 500 lbs feet of head pressure at the nozzle head.
I think the hydraulic mining had a beneficial effect on the scenery. The problem was they discharged the water into the Yuba river and it caused the river bed to rise and created havoc downstream causing flooding and reduced navigation.
http://en.wikipedia.org/wiki/Malakoff_Diggins_State_Historic_Park#History
Glad to hear you're taking less meds and have a nice PRN too!
The park is close to my favorite place as of late....Nevada City, CA. One of the attractions of the area is that the mother lode vein has never been found in this area even though several million dollars of gold had been taken out and production from aluvial mining was still very good when it was shut down in 1884.
http://www.parks.ca.gov/?page_id=494 There is photo gallery link on the right side of the page.
Nice spider manifesting LOL.
Not Lake Tahoe, GOLD country. Planning a group camping trip at Malakoff Diggins Historic State Park next month. Historic buildings tour @ 1:30, hike through 565' tunnel @ 4:00, dinner, croquet @ 7:00p at Chinese gardens, mining museum tour Sun.
Nope, not buying more or selling, just being happy about it.
GSPI.pk rocked from .042 to .057 on huge volume....no news yet.
Yes, IRBT has military applications, mine sweeping robots, and is developing a heavier robot capable of picking up and carrying wounder soldiers to safety. They also have scoobas and roombas in several configurations, some for work shops and homes with pets. I love my roomba and it does most of the floor cleaning at my house. Their website has several interesting videos of robots in development.
I originally bought the stock at $29 and have been underwater for well over a year. It was down to $14 for a while but is now around $20. It is too young to have a prediction. The management is young and cocky and has alienated investors but I have a good feeling about the technology and it potential applications.
There is a Japanese robot company which is making robots to clean skyscraper windows. One of the folks found on the IRBT message board has a good site blogging on all things robot related.