Most likely end of year housekeeping.
Either people are selling to take a loss for tax reasons, or they are playing the cycle. After opex, you can buy in around $4. It has 3 weeks to tick up to $4.40-$4.60 before being manipulated back down for the next opex.
That's the only way to make money with ARNA.
I have tried it. Nothing. I know other people who have tried it, Nothing. The only people who lose so much weight with it are Areniacs, and are probably liars.
The trials showed it as barely better than placebo. It's not selling because it's barely better than a placebo.
When I say Maximum pain, I don't just mean the strike with the most open interest. I mean the total of all the strikes that will expire worthless. All above $4, and if the pps is close to $4, it won't be enough to make the $4 strike pay.
Somewhere in the neighborhood of 10 Million shares under call options are going to expire worthless. That's at least $40 Million dollars.
If areniacs weren't such pathetic punks, I would almost feel sorry for them. They brought it on themselves. Listening to idiots who don't have a freaking clue, attacking anyone who had an opinion other than "blockbuster and riches".
See folks, that's why you should seek out an opposing opinion. You should want to listen to people who differ with your opinion.
The would count their money. The terms are done, and agreed to, voted on by both boards, pending shareholder approval and a lack of legal issues.
He'll cash in on CDE. It's probably beyond your understanding, but the fact he did this at potential personal cost, says something about the man.
How are those short positions?
We didn't put a time frame on it, and you certainly didn't say it wasn't getting knocked under $4 "last month".
Here it is, getting knocked down again for the runup to OPEX, and you are in denial.
Why don't you buy more Jan 15 options at $5 strike.
Come on Sharon, tell us how it won't go under $4. "No way" I think was your term.
Where are you Yossi? Where is that crazy prediction you made for the end of the year?
Alll the signs point to it being true.
1) CDE told shareholders a year or so ago they would be acquiring another property because 2 mines are petering out.
2) Shortly after that, PZG started drilling test holes to "upgrade" the resources to measured and indicated. Instead of general mapping
3) CDE mentioned in a CC that they would be seeking to increase resources in the Palamanero (sp?) area- that's San Miguel.
4) CDE keeps touting their program to reduce mining costs. PZG ore is cheap to get at San Miguel.
5) It makes sense to buy when metal prices are down.
6) recently, PZG started mentioning that they were providing "prospective buyers" with the PEA updates.
"Sleeper Project". wwwdotparamountdotcom slash projects slash sleeper.
There was a PR in January 2014.
Sleeper was being developed along with San Miguel until PZG decided to focus most of it's focus on on SM, I suspect for now obvious reasons. As more test holes are drilled in Sleeper, they could show significant resources. There was a time when Sleeper was THE property being watched and developed. Then CDE announced they would be acquiring another property, so PZG focused on San Miguel.
There are other properties as well, Mill Creek and Spring Valley that are on the back burner. They haven't had the holes drilled the others have because the focus has been on San Miguel and Sleeper. But there is always the possibility.
You posted that PZG had one property. You are wrong.