Bronk: I know your not trying to get me to buy currently-just discussing. I just don't want to fight the trend currently.
Sold all my HL, ANR, and FRG.
Sold partially in UXG and RBY (still have some in both)
Still own all shares in CGR, NXG, and GSS, and CLF.
I am not trying to convince you to buy--I never have and never will.
Can anyone explain why a majority of shareholders would approve a sale of AMAG below...$50/???
Its cheap in my book and relative to the overall market...safer? Kutz, I am in more cash than I have been in a long time. Took profits and trimmed some Asian exposure.
Recovery? Don't believe the hype. I am still hearing about maxed out consumers, debt laden, underwater housing, home prices sliding further, the Option ARM timebomb, etc.
I sold ALL of my gold positions except a small Canadien miner that should see upward movement. Is everyone buying gold?
Bronk: Maybe your right, but 17-18 million shares outstanding is not alot to wrestle control so I am squemish here! I can afford to watch for a reversal confirmation before jumping on some traders.
This ticker and the market do look tired! Thats why Kutz is not buying and actually paring here and there. Only real recent buy has been in HGSI (add).
I severely doubt a Santa rally, but hope I am wrong?
AMAG can not be taken private without shareholder approval. Does anyone think the majority of shareholders would approve such a move at anything less than...$50? $60? Pick a number. We are seeing a major case of buyer fatigue, in fact I am seeing it in many stocks. Money has saturated many stocks and AMAG is at the top of the list. Inst ownership still about 100%....with short interest probably "short against the box" Meaning instituions are trading the peaks...just my opinion.