What I see today is the price move has nothing to do with fundamentals. Some one is manipulating the stock price. During most of the time today, I see huge asks again a tiny bid, 10000 : 100. Just one penny away but none of the 10000 ask is willing to lower the price just a penny to get it filled. It's a psychological pressure to press the price down, but they really do not meant to fill the sell order.
I tried to buy some more today. But I have to bid at ask price to get it filled, despite of extreme ratio of ask:bid = 10000:100. Crooks!
Just what I was afraid of. Pal does not go to new highs when Palladium almost hits five year highs.
BUT.... Palladium comes in a little and Pal still gets punished.
This shelf offering also a big negative short term for PAL.
I don't view the shelf offering that way. We all know that PAL has been drilling and has reported good drilling results. They now just need some cash to be put in good use. It's great news if you ask me.
I have been buying PAL multiple times today. Tried to sell some SWC but only get partially filled because I hate to sell at the red.
If you don't worry, as JJ claims, you ignore reality and end up where JJ is -- with most of his investments over 60% under water.
He has no clue about risk management and how to NOT get married to a stock or sector if it is not performing.
JJ has a less than 0% ROI (in fact, a huge loss) and following ANY advice from his is just plain foolish.
JJ defined: delusions of grandeur - a delusion (common in paranoia) that you are much greater and more powerful and influential than you really are
Bamboo: Been following this board for a while. What a diverse lot! I guess I'm crazy too I just picked up my first 1K @6.44. I noticed the 2 year weekly chart shows a trading range of Roughly 6 to 12. If we break 6 I'll add. If your bullish on paladium long-term PAL is a compelling buy at these levels. IMO miners in canada and U.S. will command a premium as this PM bull progresses. I have gotten rid of my SA and other high political risk miners and am concentrating positions in our own backyard. Also noticed on the weeklies there is good L/T accumalation. I guess next week we might see a test of our recent low of 6.13. Hang tough longs.
You are so crazy. lol.
I know why you did it. But I have a nagging doubt about all equities at this moment. My exit points are approaching and, if they get reached, I am just cutting my losses. I will just let BEARX catch-up with my small loss.
Some people on this board seem to be loaded with Pd stocks. Now that is crazy.
I am all about buying a few bars each month. That is not such a bad idea at all. But these companies suck. We are just trading them because it is easier than flipping bars.
Currently, the Company is delivering and selling all of its palladium production into the spot market with one or more commodity dealers and manufacturers. For the three months ended September 30, 2007,
The Company enters into forward contracts from time to time to hedge the effects of changes in the prices of metals it produces and foreign exchange on the Company�s revenues. Gains and losses realized on derivative financial instruments used to mitigate metal price risk are recognized in revenue from metal sales when the hedge transaction occurs. Currently, the Company does not have any forward contracts in place.