NOT a rec. Simply a suggestion each do some DD for potential trade for miners if/when the technicals look good.
Mentioned there MAY be timeframes in which CDE may outperform others, even for reasons of being technically oversold. CDE moved from 6's to 9's, not quite a 50% move in a very short timeframe recently. Did NOT make that trade, but several posters on THIS MESSAGE BOARD called the recent apparent 'bottom' in CDE.
Will personally be more likely to trade JNUG (several successful trades there including buying very close to bottom). I TRADE, rather than HOLD JNUG.
When I buy/trade JNUG, I tend to OVERWEIGHT with respect to other miners in primary trading account and then sell all into upmoves. If ANY trade moves against me by a predetermined amount, I sell all.
Potential upside moves in precious metals miners are always dependent on silver/gold reversing to uptrend and then remaining in uptrend.
Mention that fact in dozens of my posts, so each should take note when short term, intermediate term or long term shifts for ANY stock and also for related commodities. (See stockcharts 'Chart School' and dozens of other reputable sources.) NEVER follow posters on message boards, whether long or short or trading options but do independent DD. My opinion is to include the technicals. Your OWN take on the technicals, tho I consider it worthwhile to evaluate what some of the guru folk (kitco, e tc)are saying from a technical and from other aspects.
May not personally be trading/posting this week due to other responsibilities, but wanted to mention some improving technicals for CDE AUY and many others, tho moves in the metals themselves will certainly affect the miners.
Gold/silver red premarket not suggesting a trade. In fact, NEVER intending to rec others follow ME in anything, except in doing independent DD, and (in MY opinion) including technical analysis. In my personal opinion, 6's, 7's, 8's...not the place to SELL CDE if owned, All ONLY my opinion
Always lies/distortion. Was initially posting about a decade ago when CDE moved from 1's to 7's. Sold CDE. More recently rebought bou 10's ON THE MOVE TO 30's and did post CDE could technically go higher from 30's but SOLD WHEN IT DID NOT.
I don't have to explain each sell because everyone I sell all on breaking of support or reversal near highs OR on bounce trades if the move goes against me, possibly keeping my 'bookmark' quantity.
Unless a stock is in a confirmed reversal, my rebuys are tiny 'bookmark' munches OR bounce trades to sell all the additional shares. Have explained the additional shares may be many, many times more than what I would hold as 'bookmark' and sell all into the rise OR sell at slight loos if I'm wrong.
Posted on SLW that I considered it worthwhile at 3.50. It subsequently fell to 2.50. Subsequently rose to 40's.
Also posted re handfuls of solar stocks, many of which were multibaggers from the time of my posting. Posted perfect bottom for TAN itself.
Ditto KOG as it fell to .40's and to .16. NO r/s and is trading at 15.20.
Ditto ocean shipping as falling/bottoming. Many are multibaggers from lows with high income from those levels as well. Posted regarding BCRX when it was in the 2's and 3's and mentioned dozens and dozens of times I take partial profits (or sometimes all) inito rise, or sometimes trade as a stock rises for extra shares. Mention typical trading 'technique' is to sell losers and 'let winners ride' tho I take partial profits quickly and repeatedly in volatile stocks.
Coeur is not on the brink of bankruptcy as you imply. Moreover, I've pointed at (near lows) leaders such as GG PAAS SSRI as being the ordinary picks for gold/silver AND that CDE is more speculative due to the many problems (my opinion) with management, historically and some continue to date.
Posted GE in the 10's as a BUY (MY opinion) and on dozens of others, either for trading to upside OR for holding. May you find Peace Agape
doing a 30mill share private placement at .10 with warrants and ceo stepping down-new ceo and team looking for more than just takeover as exit strategy it would seem--lets see if coeur gets excluded from pp--
brilliant post geo- i did say MAY be one of the best--northaiir ceo forced to retire some new rascals(investors)taking over along with geologists being added-dilution a private placement of 30 mill shares announced to continue drilling--can tell you they hit on all recent holes financed by coeur capital nsr--
edmund...historically..."beaten down miners" are a dime a dozen...
the assets in ground are immobile and a sitting duck for someone to try to steal...
of course, that doesn't work, and the miner escapes with only his hide intact...to try another time...
to find some underground asset that he can exploit for his wages, life goals, and satisfaction for'
much of the rest of his life...but, the asset is defined and sitting there...and the guy who intends to
exploit it can be pushed away...until the pusher finds out how hard it is to exploit, and finds out that he
himself doesn't have the enthusiastic desire to do the work to exploit it...
and we all lose once again...because nobody wishes to have empathy for the next guy's desires and drives...
and certainly, nobody associated in government at any level ever does have real empathy...they think
they own all of us because our life plans are so "simple"....and because they have their sales folks
trying to find coin to buy our votes...take those money raisers out of America's political scene and
we will be much better off...
Dang. At these levels, CDE is bargain basement.
Must be a short who failed to cover CDE.
En plus, for huge short term gains, triple long miners or metals, or futures/options strategies.
Agree re EXK and CDE. And URA.
Also good point re 'emotion aside' (in investing).
Merci mille fois, my friend!
Actually longer-term, I like EXK more. Have no EXK right now, CDE is too cheap. Emotion aside, buy what's cheap. Hoping EXK falls back when/if the goofy money gets bored..........BTW, URA closed up really strong.
THIRD attempt to respond and my response does not post.
We may have to email, and I hope I can find yours if it's not the obvious.
re: Ebola....see articles
Secret serum: Liberia Ebola drug used on Brantly is only one of many in development
re: O (sad, but let's be active to move things in a positive way...edumacate those who are willing to listen...work toward state conventions...keep the Faith...)
Peace Agape n AllGoodStuff~
former fired janitor no doubt, now living in mom's basement as a 40 year old
Thanks for the swift response. I was listening on the Radio to Obama's response to the Ebola mess yestedayand he said some funny things. Not funny ha ha, but funny tone wise.
Yes, severely beaten down. Today, thus far, CDE is up over 4%....almost 5% now.
Weak US markets and international worries keep oversold miners on radar for folks lookin' for places to invest. Many sought safety in bonds, but oversold miners have high probability of great appreciation over time.
To me, the Franco renegotiation was an upside surprise. Perhaps Coeur has more UPSIDE surprises in mind.
Remains to be seen.
I like the diversity in the properties of Coeur, the fact that Coeur works well with these varying countries and has expertise in doing so, and the good relationships with employees and with the environment.
Investing in Oversold Turnarounds