New to this MB....Pls sell me...very interested. tia
The man attempting to scare you away holds a short position. If you are unaware of what that is, It is a trade where one profits from the decline in stock price. All miners are down across the board, this one a bit more because they purchased a mine and are developing it. If anything you would want to buy a stock that has been additionally hammered because the upside is larger than its piers. All you need to wait for is next Wednesday when the FOMC meets and announces I'm guessing $80 Billion/month QE. That is what will rocket this entire sector. $12 by March
The man attempting to "scare him" is not short and probably has more shares than you, chitrader. And by shares i mean real shares. Not the paper ones you hold. I'm trying to save the lad some pain. He's probably new and wants to invest some savings. Why are you trying to bankrupt him by pumping this garbage stock and company? What chemicals are you people on this board on? What is so wonderful about this underperforming turd? I've been trying to figure this out since i started hearing about exk from other miner boards in 2010. How much is bradford paying you guys to act like this is a solid company? Look at it! How many quarters have they missed? Like 9 out of the last 10? 12 by march huh? Let me tell you something....if exk is 12 by march or even near it i vow to come on this board every day in march and pay obeisance to you pumpers. I will even compose a fresh poem daily that praises bradford and post it all 31 days of the month.
I have 6700 shares. If you weren't short why attack every pro EXK thread and quickly at that. No one without a vested interest would be as looney as you jumping on here bashing every positive like it's your job. You underestimate people's intelligence. You sure as heck aren't here to 'save' anyone LMAO let's be serious, time is too precious. Anyway like others have stated, it is underperforming due to improvement costs on el cubo and cooke somehow selling at the bottom-that's the thing that frustrates me. Don't know how he managed that .I expect this to trade into the 7.50's but not much below that, maybe 7.35/7.40. Silver is set to quadruple in the next 2 years and EXK will be among the top performers due to the temporary pain of acquiring and developing mines. Baker of HL is a fed puppet and many other miners are hiding their rising costs and declining margins. EXK is not hiding anything and contrary to what you believe, they are building shareholder value, just not as quickly as you wanted/expected. Also when comparing EXK to HL as far as performance during this year, I believe HL has fared better because the market is slowly pricing in the opening of Lucky Friday. I sometimes don't even doubt that EXK is purposely oversold by the banking cartel for their role in withholding silver from the market. Just puts that much more pressure on the commercial shorts. Long term you're in good hands. Shorting silver and all things related after the new year will leave you broke and destitute. And yes, 12 by march. 14 if not higher by summer. Look at their performance during silver's last bull run to 49, EXK roared. This time will be just the same if not even stronger due to their increased production and increased gold holdings. One last tidbit. When the most corrupt, greedy, moraless banks (Goldman Sachs) tell you to sell or short PM's (like they just did), you better fasten your seatbelt for one wild ride. It should begin Wednesday. It's no wonder they tell you a week ahead of time and are rumored to be the one's who sold or sold short massive contracts the other day. If you don't believe in the PM game, you ought to examine the world around you and check out those smith and wesson sales.
Ha! Now I want to see it 12 by March just to witness this from kingofthewasteland! This would be priceless.....the extra money a nice bonus.
Ulp63-- if you really want a feel for the board, all you have to do is go back and read prior posts. And if you are not new to PMs or the market, then dig a little on this company and make up your own mind vs listen to opinions on a message board.
Yeah, there's a recent interview with Dr Stephen Leeb on King World News, It's easy to find if you search for it. He makes the bull case for silver, and for silver stocks. He points out there aren't many mines with are primarily silver producers. He thinks gov'ts will have to crack down on silver, that's it is just too useful and strategic to allow people to own it, and when the crackdown comes he sees silver prices soaring. He wouldn't say how much, but he is incredibly bullish on the metal. There's also a discussion on recent market manipulation in the gold markets.
This recent pull-back is not all bad, it might have let some folks back in cheap, like stevie-hono=trader and JW.