People don't see the need to own it; We live in a "paper-is-King world", and until something really unsettling happens, then it will trade range-bound like it has for a long-time; That said, I don't see it falling toward $1k, not in this world we live, and we keep playing "chicken" with the Fed's lift-off date for interest rates, so until they actually have their first rate-raise, powers-that-be, will strangle-hold gold down, try to keep stock aloft, and so it goes. I personally do however believe that a "big day of reckoning is coming once the Fed's asset-price inflation has to meet the markets view of where that asset should be rightfully priced given "no more big-big Fed support". I don't know when that day will come, as I thought it would well be here already, but make no mistake, you can't inflate stock prices to this degree when the underlying business fundamentals don't anywhere near match the inflation level of those same assets.
I agree, yet at the same time, notice how you didn't say "Amazon" for "no tax"; I'm actually the kind-of-buyer who buys from whomever has it the cheapest, and often, it's on-line; Still, BBY isn't nearly as bad as its detractors make it out to be. There is a place for brick-and-mortar and they can play the on-line game too. Finally, "no-tax for on-line purchases" (even some Ebay sellers charge tax now...) is getting to be a thing of the past.
Nice balance-sheet, earnings, etc-etc. The naysayers are wrong here; Their premise is that "every-thing will be bought on-line". They are wrong. Plus, BBY has on-line leverage, just as much as any other retail outfit, and there is a lot of potential for cost-cutting and revamping the stores where-when need be, imo.
I would caution against these options, watching how they've traded, even when EROC got-up toward $3.00 They are highly illiquid, with giant spreads between the bid/ask They are cheap for a reason, imo. Logic would say otherwise, but even since you're first highlight last-year about these options being so cheap, and that one-day spike they had, when EROC stock went from roughtly $2 to $3, they have been dead-in-the-water. Don't buy, imo
PS: EROC the stock is languishing as well. Avoid, imo!
B/c they "MAY come-out with a Chick-Fillet killer and it MAY be great and profitable. The US-economy isn't doing well enough for the Fed to raise rates in June, so equities are rallying now. What's the p/e on this thing? How much profit do they bring-in? What's the value of each store?
It's all good baby, SHAK to $100 "just because".
If you can't say, "the biggest stock-market bubble of all-time", then what is? When the Fed sits-on-their-hands, and lets the stock-market get to new record-highs, when the underlying fundamentals won't allow them to raise interest rates even marginally, then you know things are so-far-out-of-whack, that you'd better be preparing for the financial Armageddon that will be the ONLY RESULT of this absolute insanity of "absurd valuations on top of a weak economy". All we've seen is a huge wealth transfer from the Fed our our US-Government, to US-corporations, stock-holding elites, and the like. Your average person on the street can hardly afford to eat anything but the "dollar menu"; This is causing a massive loss of confidence in our Markets, government, the Fed, and the like.
PS: China is buying-and-hoarding gold much beyond their reported buys. They are opening-up the gold market with the Shanghai Gold Exchange will make a mockery of the Comex, when people realize they are positioning for the Yuan to become a new reserve currency---after the collapse and loss of confidence in the US-dollar, the Fed, our Gov. It's a travesty whats going-on, a crime really, against average, hard-working folk, who will un-fairly suffer once this "Fed Ponzi-scheme" comes to a close.
PS: IMO, wait for $100, and then buy as many longer-dated puts in this thing as you can afford.
Tks leegain for your good viewpoints; I wholeheartedly agree, this can easily be at $1, with a "fortify, and survival plan gone into action, via cutting production, idling mines and hording cash". I'm very excited about the potential for Golpu, but we already know the cost to develop that mine, and this Co. doesn't have enough cash to sustain itself, much less develop a faraway mine (even with its partnership), in a very remote area of the world. It's a shame, b/c that mine has the potential to make this Co. every thing it hasn't been in the near-past, bigger-and-very profitable.
Of course, like you say, if gold rockets up to $1,300 and sticks just a bit, this issue will fly, and $3.00+ would be in the cards; But you can't invest in that kind of long-shot.
I only own some 2016 options in this issue, but I still don't want to lose-it-all-here, which I would if this sink to $1.00-and-change. I could take a 60% loss on those options right now and run with my tail between my legs. I'd be very interested in a 5k-share position at/near/below $1.00, but I'm tapped-out in the gold trade, playing it much too soon after QE, thinking the wost of Central Bank effects would come much earlier than has happened.
I will remind folks, there's a huge options bet on the GLD for a big-June spike, so anyone needing to play that, no matter through whatever other company, may consider that "that trade's still_ON". BTw, I do predict HMY will survive, and hit some better trading as the price of gold finally trades on top of all the money-printing that will become evident in a big-big way in our Markets as we inch toward 2016. Good-luck to all!
I hate to say it, but you're "spot-on" with your points here. And it's the case for so many mid-level gold mining outfits. HMY (on the downside) is trading where it is for a very good reason, and so is NEM (on the upside). I don't want to see HMY go bye-bye, but the reality is, for HMY to ever regain any kind of value, the POG has to be $1,300 sustaining, jut merely "reached". I've learned a lot investing his this sector over the last x3-years, and I wish I had of know then, what I know now. I didn't believe the people could be hood-winked by the Fed and Central Banks all-over the word for so long, confusing stock-market record-highs, for sound, strong and robust economies, and I predicted a consequent crash, much sooner than it has taken shape. The real question is, can HMY make it until the POG gets valued to its proper level, given the "paper charades and Central Bank back-stopping stock-market asset prices"? I don't know myself, and I think Chase Bank gave a bad-bad call to investors earlier in the year, when they favored HMY b/c of their low-debt and cash position.
...that's when stock-Markets will begin collapsing. So, the best you can do, is build positions and take your time, and wait for the inevitable. Truth will show itself, but it make take some time. All imo!
GLTUA and Heaven help us from the "games being played"!
I hear that; After trading for around 13-years, I've come to the absolute conviction that "markets are totally rigged" and our whole economy is being propped-up by the Fed, and it's going to get real-real nasty when people/investors realize that our recent "market record highs" are the result of "inflate-gate" by the Fed. Biggest bubble in the history of the world---quantitative easing!
They are going to play games, and suppress these gold stocks, until the POG reaches $1,300 and the "cat's-out-of-the-bag" on the Fed-easing-scam.
I will say, this space does SUCK, for any of these companies to be able to make real $$$$, they need $1,300-gold. That ought to send you running from these sphere of investment sector. This sector use to make money at $600-$800-$1k gold-pricing. Now, big-chuncks of gold easily mined are harder and harder to come-by, and the price to get-it-out-of-the-ground has soared, thus you need $1,300 pog to even think about making consistent profits in this sector. And if the gold Forex weren't so manipulated, you'd probably have $1,300 as a minimum price right now, reflecting the difficulty and expense in bringing to market, pure gold. But why would governments around the world, who are "pushing paper and bidding-up stock-asset prices" want that to happen? So, it's in governments best interest to suppress the price of gold, and have people believe in the "paper paradigm and USD"; But this can last only so long, imo. As long as the Fed doesn't have to raise rates and "get-back-to-normal". In fact, this idea of "getting back to normal, free-floating rates is an absolute joke". When the Fed does begin to raise, it's going to be so little for such a long amount of time, it will be as if they really didn't begin a tightening cycle. But I think that will still roil markets, b/c the end-game will be "the Fed no longer has the power to inflate corporate assets" and the Market will the look to properly price those assets, and imo, that's when
I think you're over-thinking it; It's a "hoax" pure-and-simple, but really, that's not the word for it; It's a CRIME and to merely pass-if-off as a "hoax", is to say that "manipulation and fraud are just 'games' that one can expect Wall-Street to play". No, this isn't a "hoax". It's a massively fraudulent crime.
Who put-out the press releases? Who committed such fraud? Why was there "front-run trading, sending the stock from $6.50 to $7.00, before it became public knowledge that "there was an offer"?
This is why I don't "believe or trust in the Markets anymore". I did buy 100-shares of AVP at $7.20 today, b/c I figured if the company "had no comment" (initially anyhow, probably until they got a call from the SEC!), that the headlines had to be true, b/c why would the company not strongly deny from the get-go, such a hugely fraudulent rumor"?
PS: I'll hold my 100-shares despite! But make no mistake, our Markets are rigged-to-the-hilt. Yes, the little guy can win with some select new growth stocks in a good market, but by-and-large, the stock-market is a suckers-game, used by unscrupulous characters to dupe, obfuscate and steal!
And heaven help us if this world-money-printing to boost markets, comes crashing down hard!
I disagree, not when "your company and shareholders" are directly targeted for out-right fraud; You have a responsibility to tell the world, "no, we no of no such offer, and we regret that manipulators are targeting our Co, and we implore the SEC to investigate immediately". When the Co. says nothing and doesn't immediately deny such a "huge fraud", then they become culpable as well, imo!
Management at AVP should be held accountable for "inducing fraud", by not denying such a "fraudulent rumor"!
PS: I can tell from the trading, that this was a "b/s piece" but I never could believe that AVP management wouldn't come-out and deny it right-away!
Marketwatch now says "can't confirm filing legitimacy"....wow, the SEC needs to step-in here, and it doesn't help that AVP won't "confirm or deny". Penny slot scenario here...
I saw it in the trade; But all this confusion works both ways...there's immense opportunity here if:
1) You believe the offer is true, and
2) You buy here-and-now, assuming they will take this offer, which is legitimate, they'd have to be insane not to accept.
PS: Disclaimer: This is really too weird to commit too much money, b/c there's too much confusion, even "fraudulent trading" happening before our eyes!
I'd day it must be true, b/c they'd have to put a stop to this "fraudulent rumor" otherwise, or else they could be help culpable by law, imo!
Someone knew/traded this news before it "went-public", b/c I was looking at my screen, and I saw the "pin-action at $6.50, rocket with lots of trades on up toward $7" and I thought to myself, "something's going-on", and I even ventured to get-in a trade myself, then it became "halted".