Are you talking about people that purchased stocks on Margin by borrowing from their broker and now that the stock tanked the broker called the Margin in, meaning they'll have to pay up but cannot so they have to sell at a loss, similar how 1929 began? Not trying to cause panic, just trying to understand what you are saying.
I played FAS and FAZ big time after the market low in March '09, great ETFs, but one must exercise caution when trading, very short term plays, kind of like DUST and NUGT.
I'm now very curious about what occurred on the Canadian exchange with RMX, whether or not the short interest went up or down. They have not updated it yet.
Apple being one of the largest and best companies gets bad press as well as good press almost every day. I heard one analyst this morning on CNBC rave about it.
Interesting, RBY short interest is now up 11% from 3,021,000 to 3,359,300, perhaps that is reflection of the last news release or anticipating where the POG is going, or both. From the same source, shortsqueeze.
I would like to think that they treat them equally, but the only other thing I can think of is that there rating system system has slightly different rating labels and/or guideline. With that said, I do recall RMX with a greater percentage of short interest on the Canadian exchange than RBY on the US exchange.
My question is, why does Canaccord Genuity not treat or give the same rating to RBY as RMX. I realize these ratings come from two different offices, but I also assume the left hand understands what the right hand is doing.
I find it interesting that Canaccord Geniuty downgraded RMX on August 17, from a speculative buy to hold and then upgraded RBY on August 21, from a hold to buy rating. I guess it's better to own RBY rather RMX.
My comment on macro view had to with RBY, more in regards to reading management's performance, share price trends, potential funding and not getting into the weeds of every topic no matter how big or small like RG. No matter what words you use or no matter what you want to call it, it was within one day of news release we had this deal figured out and it has not changed since, but there has been way too much dialogue on the topic that went absolutely no where.
A product of low interest rate is inflated asset prices no doubt, but it's all about timing and making money before small or large bubbles burst.
I'm surprised management has not come forward or put out a statement to dispute the erroneous 6-6.5 gpt statement made by Canaccord.
"It doesn't make any difference, sew. You waste time.
Miners usually show production results worse than projected by reasons far from geological or statistical."
Why look at the macro picture when you can dig into the details and ride stock from $5 to less than $1 with others following.
Fireball, Hope you received the answer you were looking for. Unfortunately this is a typical thread, depending on how long it last it may go into topics such as the "evolution of man" with a lots of ten cent words that have nothing to do with the practical business or mining world. I also recommend that you look at a share price chart of previous four or five years to present and also take a look what posters have been saying over this downward price channel. Crazy enough, some posters even changed their outlook from bullish to bearish and others, well you'll figure it out.
Furthermore, if was grade was super high there would have been some sort whisper of it and the share price would have been moving sometime ago IMO.
"It is quite sufficient that most miners do it worse than it is written in PEAs when it comes to production."
Unfortunately the share price is leaning toward a grade similar to that in the PEA. Many on this board think that each and every new press release will move the share price needle, but hasn't happened in a long time.
Saw an interesting segment on CNBC about the company Twitter. Many think that Yahoo, Google or Facebook might buy Twitter at their current low share price. One analyst said I'm sure some company has at least kicked the tires on this deal and also said if it does not happen soon, it won't happen at all and perhaps something is more wrong with Twitter than people realize.
So, that takes us to RBY, where RM walked away from it and AEM bought into and took a very close look at it before deciding to also walk away. This appears to be more of a worst case than Twitter, a company actually bought into RBY and walked away from it. They were will to cut their losses after putting time and money into it. In addition to that the share price has been low before and that was prior the RG deal, etc., and no one took advantage of the so-called opportunity. In summary, if there is not a high grade surprise I don't think anyone buys RBY, which allows the company to run the shareholder funded mine for years and collect salaries, bonuses, RSUs and PSO's provided the grade matches the PEA and the POG cooperates.
Not to read to much into what Icahn did, but it was a few weeks ago while being interviewed he felt the market could make a swift correction and is nearing that point. Now he buys a stake in FCX which could be a commodities play or a management reorganization play, or both, and he still owns Apple as far as I know, but can't be sure if he has lightened that position, but error on the side he did not. He is also one to cost average down and tends to do very well at it. He also owns other equities not mentioned, these are a couple of the obvious ones. Lastly, the public will only know after the fact regarding his buys and sells.
No doubt luck it blind and hopefully it's on the side of retail investors. The last hour of trading is always interesting, but even more so now. I'm almost surprised their isn't a bit more selling going into the weekend assuming some residual paranoia from last Monday morning.
If we had not learned it before, a lesson to be learned from the recent past is that this market can move extremely quick in the information age, maybe too quick for most retailers.