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First Majestic Silver Corp. Message Board

  • runliftaction runliftaction Aug 28, 2013 11:23 AM Flag

    traders still covering margin calls.......

    putting a little pressure on us right now but when these calls are covered I believe we can move higher again.

    Sentiment: Strong Buy

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    • You gotta like it here because yesterday's 70 cent gain in silver produced a bloodbath in the silver stocks so with this disconnect I believe water is finding it's own level again and the stock will trade at it's worth. Remember when silver was 21.00 AG hit 14.00+ so 24.00 silver would seem to account for quite a bit more than where we are at, say high end 16.40.....low end 15 .75......just throwing something out there as far as valuation goes and considering the trend in silver is still up and earnings will be better than expected due to the 20% rise in silver and the market's natural forward looking nature....again JMHO. AG might have gotten a little ahead of itself at 16.40 but I still see it cheap at under 15.20. Also I would think with silver as high 25.20 last night that investors are going to buy the 24.40 today eventually after the cat and mouse game plays out and silver doesn't give way(hopefully) anyway GLTA LONGS

      Sentiment: Buy

      • 1 Reply to makemy2005
      • Today's decline in silver produced another decline in AG. I saw the silver ETF trading premarket with Silver up 50 cents and watched it just fell out of bed back to even by the time the NYSE opened. Amazing....that spot is going to prove a bit difficult to get through if the readiness to liquidate at that price point, $25, today, was any indication.

        I think AG is going to be stuck between something just above $13 and that $16.42 we saw yesterday as a blow off of this move...Buy the dips and a few days later sell the rallies...or just advice to me.....BUT DON:T CHASE

8.36-0.15(-1.76%)Oct 20 4:02 PMEDT