Sold all CDE will load up at =22 again, next Spring..
Nobody wanted this POS at $15 few month back, nothing changed since than.
Just Panic buying.. In the long term I probably just barely get my money back.
Won't drive this DOG back to $20 holding a LONG position.. Will loking
to short this ones it's tips over anytime in FEB-March 2013.
Good luck to all.
$25, probably not. With Au down 2%, Ag - 3.5% and CDE idling $30+. In the past Coeur wuold be expected to be down 3.5%- %5 or more on a day like this. Heck, at current price it's still above the close from 2 days back. Looks like this issue has resilience.....................................................................Snook
Next Spring you will be buying CDE at $45. Last year PE 41 is misleading. The forward PE is only 9 and I don't know who and how calculated it - they probably used Ag prices below $30 or something. CDE is still cheap very cheap.
Watch them beat earnings and production estimates next week.
I don't think P/E will move far away from where it is right now whooping 41,
trading like Silver Amazon for now, too many speculators bite break out pattern.
52-week high as well.. Unless Silver Hits $100/oz to justify that price, no way it could
continue to go higher..