A few months ago when I was deciding between buying Atac or Kaminak....I decided that ATAC looked a bit weak back then,so I bought more KAM,
but now it looks like ATADF has been doing well, and KAM has been
tired looking.
I thought Atac seemed too remote and undeveloped.
I'm guessing all stocks price action are moving to technical algorithm programs. The last time I noticed good fundamental news for a miner, something like announcement of record production, that day, the stock tanked 6 %. and continued the downwave since then.
We could make a nice survey of this simple stat..... find the miners that announce a good drill result, or record production, or some other very bullish news, and then make note of what the share price does.
I bet you would find at least 6 or 7 out of ten times, price just continues Down.
Meanwhile, Krispy Kreme Donuts is still 300% above its 2012 bottom. It bottomed in summer 2012 at 6 dollars , soared to 26 area, that's a 4 + bagger, collapsed down to 15.70 ,a 40 % haircut, and still looks like a normal chart pattern.
Very few miners have any normal looking chart long term, they are ALL destroyed 70-99 % from their top zones. some 2007 top zones some 2011 top zones. All destroyed.
Another interesting stat study..... a list of all the miners,major and junior, and just show the % loss from the top zones to the present.
I suspect most are down over 80 % from their tops.I have 6 or 8 that are down 90% -97 % from where I bought them, and I bought at 'bottom zone' pullbacks in 2011 and 2012. The ones I bought in 2009 are only down 55 %
What a joke.
Kaminak peaked in summer 2011 around 4.90 area
and 'bottomed' last December at 43 cents....that's a nice easy calculation.. around 91 percent.
Atac, peaked at 10.90,lets just call it 10 dollar area in summer 2011, and "bottomed" at 50 cents in December last year ...right now its around 1 dollar. simple enough ,that's now 90 % collapse down from the top.
This is fun, I could just do this all day.
lets look at silver miners. just a few. SVM .Aurcana and AG.
I remember tremendous bullish Hype promotion about Aurcana in 2012,like it was the holy grail of silver miners to buy. wow, I prayed for the day when I could buy the dip.
In 2007 Aurcana (AUNFF) peaked at 14 dollars, then crashed (well before the 2008 crash began) to bottom in 2008 at 50 cents, a collapse of about 96 %, but that wasn't enough to stifle the promotional hype that got into a foaming fever thru 2011 and 2012....share price back then was like 40 cents 60 cent, before the split,the split changed prices on the chart , but the wave structure is the same, so now in winter 2012 it peaked again at 10 dollars and collapsed again to 50 cents last December, its now still hanging around 60 cents....so that's about 95 % down from that top zone.
Silvercorp, SVM, a good silver miner, peaked in 2007 at 24 dollars. collapsed down to 1 dollar in 2008 crash...a drop of around 96 %....then rallied back to 16 dollars in spring 2011...and now sits collapsed at 2 dollars... for about 89-90 % collapse from that top zone.
and AG, first majestic, considered the top tier silver miner these days, peaked in 2011 at 25 dollars , peaked again in 2012 around 24 dollars and now in the last year has been trying to establish a support bottom around 8.80 (9 dollar area)
and soon might test and maybe collapse lower (stay tuned)
but the drop from 25 to 9 is only about 65 %.
65 % isn't Too bad is it??
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