Tried to warn my POOR sweet amateur silver/gold SUCKERS and BORN LOSERS, again:
NO FLIGHT TO SAFETY value = WORTHLESS WORTHLESS WORTHLESS!!!
MASSIVELY BEARISH trading action in ALL the FATALLY WOUNDED silvers and golds.....look for a PANIC SELL CRASH to massacre SLW mega bubble at any moment...much DESERVED!!!
Riots in Greece.... Will they leave the union anyway? Who's next? Is this the bottom for gold & silver? Shorts better watch their back...
I believe you've made a very shrewd move. In the longer term, as history shows time and again, fiat money always reverts to it's intrinsic value. The fiat dollar (of course we call it that but it fails the legal definition), has already surpassed the normal life expectancy of such fraudulent enterprises. I marvel that they have managed to keep it going, but then I look around at all the market distortion that has been undertaken to keep it alive and wonder just how chaotic (and deadly) things will be when it finally pops.
I also wanted to let you know that this chart analyses are very eye opening, and I am amazed at how well it works. As mentioned with there last videos, I'm short and I am profiting again as the market plummets! I really appreciate there humble attitude in there videos. They have a lot of experience, and I am looking forward to learning much from them this year. There daily video its free, and maybe it can help you like it has helped me.
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Yes the list of ambulance chasers is growing. Goldberg, Federman,Rosen, Bernstein, Liebhard, Bronstein, Gewirtz, Grossman, Morgan etc. are all in the chase for blood money. Wonder how many lawyers SLW has to counter them.
It is amusing to see the "money men" and their law suits come flooding in like vultures. What a bunch of sleazebags. They will spent their money with no results after SLW shows it followed the law. This stock will be in the twenties in 6 months.
SLW should them move out of socialist Canada as well as most mining companies. Let Canada eat the few companies that remain.
While I agree with the chart, they would have more cash flow per year than market cap at that point. So sometimes, you have to use math when figuring out the value of a business. Math is hard though and charts are easier on the brain.
Tried to warn my POOR sweet amateur silver/gold SUCKERS and BORN FAILURES, again:
WARNING: ladies, Great Panther Silver CRASHED today, the DYING canary in the stinko silver mine, and the first in a WAVE OF PANIC SELLING about to massacre ALL the USELESS silvers/golds....very much DESERVED!!! Girls, how many times were you warned that the sick miners ALWAYS predict the future action of the rotten bullion itself---and having FAILED completely as a "flight to safety," SLW pigpuke is one of the WORST bubbles ever seen in USA market history!!!! Soon it will DIVE INTO THE TOILET where it rightfully belongs!! LOL
If we can pick up some speed to the downside toward 14 , there will be a good bid in the Aug. options to create another spread. Will look to buy another piece around 14 and sell the 14 puts and calls for a cost basis in Aug. of 12.50. I will add this to the Aug spread at 15 sold with a cost basis of 13.50. That would be two tranches at an avg. cost basis of $13 on both buys. Below 13 by Aug expiration and will have a chance to get another piece and move the basis down to 12 by September. Great premiums out there in this one and hopefully the institutions can drive it a bit lower over the next few months to build out a nice position against some short gold. I think another 15% down would be extreme and a good spot to take an unhedged long position into 2016 with a 19 p/e after assumed tax hits to earnings and a 20% growth rate. May not get a chance, but looking to get the trade built prior to a move to 14 so I don't miss it. If the tax does not pass, the 2016 p/e stands at 17 today at $15.50 silver and a 13.5 p/e for 2017 with a 20% organic growth rate assuming no more deal are done for two years and no expansion in production is accomplished at any current property. Tax implications at 25% raise the p/e to 19 and 15 respectively, though they won't hit until 2018. I assume they would build a reserve equal to the amount owed over the course of the next two years though, so mine as well build it into the forward p/e. Good luck, should be getting another good trade this week, hopefully no news for a while to keep the selling going and the correlation to silver negative. Only 4 trades in 10 years to purchase the forward stream under spot prices, attributing no value to forward production and the current stream is priced under spot. Each time the move has been huge following. This is the downside to no hedging in a bear market, but any move higher in the metals and their p/e will quickly fall into single digits here.