Arwen, it all depends on how long you are willing to keep your money in the stocks. On the bright side, no sector stays down forever. Money cannot be made that way. It's all about the great rotation. The sector could rebound this year, or 2 years from now. Who knows. But if you are willing to stick it out.....then you shouldn't be worried.
I'm with you on that phil. I have been hearing that every dollar down was the "bottom". All the way from $9/sh. Yet, here we are at $4/sh. This is definitely the biggest beat down in this sector I have seen since I have been an investor. I just hope that one of these days, somebody's "bottom is in" call is accurate.
If there's something you don't like about the company, instead of complaining about it on a message board, let your voice be heard.
2013 GALENA BIOPHARMA Annual Meeting of Stockholders
MEETING DATE: June 28, 2013
For Holders as of: April 29, 2013
Silver/gold have been getting killed because of the rising USD. The jobless claims report today killed today's rally in the USD and reversed the drop in silver. Finally a day to breath. Whether or not the miners are up or down is anybody's guess though.
The SEC is probably too busy trying to figure out when they want to cover their short position to lock in their profit. Again, it's all part of the market rotation. Every sector goes through it as well as the overall market. This sector is down and could remain down for the remainder of the year. Who knows how long. But the bottom line is, an entire sector does not stay down forever. Nobody can make money that way. Once the powers that be see a good reversal point, it will start it's rise all over again. This is all just my theory. What the he11 do I know though.....I'm way under with this one and can't rub two pennies together because of it.
If you have any recommendations on other stocks to balance out the red, by all means feel free to share. Lol. I had my eye on Zales for the longest time and swore I would buy if it dropped under $4.00/sh. Looks like I missed quite the run on that one since I didn't buy. I know one thing, I am way too heavily invested in EXK and do not plan on buying any other miners until silver is back up near $30/oz. If that takes 2-3 years, so be it. It's all about the rotation of the market.
I'm just curious what everybody thinks about the QE talks. Word is that they plan on tapering or ending soon. I am not asking if people think it will end. I'm just curious what effect everybody thinks it will have on silver/gold? Has the end of QE been priced into the PMs? If not, what is a realistic expectation for a drop in the spot price?
I really don't think too many people give MF articles much merit. If they do, they might need to rethink their research strategies. That being said, I have never heard of Chris Barker.
I don't think EXK has been singled out for special punishment either. I think it has just been a series of unfortunate events. The El Cubo purchase took a toll on the share price. Then Aurico sold their shares. Then the drop in silver price. It all just adds up. I imagine it will take a series of events to push us higher as well. The most important being a rise in silver price.
Have you guys heard how they are limiting the release of the 2013 America The Beautiful 5 oz silver coin? I am definitely going to try and get my hands on one. But I imagine they will go fast, given the demand right now. I wonder what kind of premium it will have. Here is the article on Reuters. Pay attention to the VERY last line in the article.
"The U.S. Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week, reflecting soaring physical demand after a sharp selloff in precious metals.
The mint has been allocating sales of its more popular American Eagle silver bullion coins to its authorized dealers since late January following a brief suspension.
The surge in demand following gold's plunge to two-year lows and a selloff in silver in mid-April have forced the U.S. Mint, one of the world's leading gold and silver coin producers, to limit precious metal coin sales.
On April 23, the mint said it had suspended sales of its one-tenth ounce American Eagle gold bullion coins as demand depleted the government's inventory.
The mint limits coin sales from time to time as it runs out of coin blanks to meet increases in demand.
When "America the Beautiful" coin sales begin on May 13, the mint will distribute half of its inventory equally between its authorized dealers, and the other half based on each dealer's volume of "America the Beautiful" coin sales in the last two years, it said on Wednesday.
The allocation process will remain in place until the mint can boost inventory to meet demand, it said."
Sentiment: Strong Buy
News, I understand your reasoning for preferring a dividend over a share buyback. Don't get me wrong, I would be all for a dividend as well. Especially since I will probably be stuck holding my shares for the next couple of years. I would just like to see less outstanding shares. And the fact that we are very close to a bottom (at least I hope), this would be the perfect time for a share buyback. They would get the most bang for their buck at these prices. I like the fact that we have less than 100M shares outstanding. But it would be a lot nicer if we only had 75M :) While we're wishing here, I'm gonna wish for a share buyback AND a dividend.
I believe there are sites that provide institution buying/selling. But I'm not 100%. I'll dig around and see if I can find something donnie.