The market would have to get weak for this to go much lower .. the macd is lower right now than its been all yr. the stocastics indicator is now as low as its been all yr. and the rsi is equal to the lowest its been .. they dont stay down in this oversold area very long .. those 3 indicators were not even as low as they are now at the beginning of may when the stock was 18 .. im sure u know what happened next .. also this has a hard to find fundamental score of 7 positive and 0 negative. cant find much to fault here with all the positives .
actually 60 doesnt mean much .. the low made earlier in the yr. was 59.32 .. I would expect to see that ..
chevron and conoco are now making new lows for the yr. even tho they were higher than where they are today when oil was 45 .. now its 57 and these companies are blowing their support even at the higher oil price .. This could be a long time before anyone recovers from this .. even tho wells keep declining , it doesnt seem to matter ..
60 is huge support going back to march of 2014 ... this is the 5th time its been here and hasnt broken this area yet .. co. says they want the dividend to stay .. they have large cash flow to take care of that . anyone who relies on technicals would be buying right here with a stop loss somewhat lower just in case ..
and ... after this post on 6/24 .. now that its 6 days later and the stock is another $1.20 cheaper . There is a positive however - the sto , rsi and macd are all - Again - in very oversold areas .. But , everytime they are down here and the usual rally off of these lows does occur , its always a short lived event .. This issue has totally incapable of holding any type of gain whatsoever for the last 3 yrs ..
as for technicals , the sto has been very low for an entire month .. the rsi is about as low as it gets except for the huge nov. dump , it has not been this low since .. It would make sense the earnings report is going to be entirely negative which would cause oversold indicators to get even , unfortunately worse but make any further lower prices even more inviting at even more oversold levels .. As long as the co. can avoid bk , anyone willing to wait for positive results , buying on the next bad news would be a great place to add .
for those who like technical indicators , the stock price fall from the top has now put the macd , sto and especially the rsi down to the lowest levels it has not seen since the stock was 12 last oct . If u look at any chart u can see what happened after that oct. bottom . Very oversold condition here even at these higher levels as it is also now sitting right on the 100 day ma ..
stock price is lower than it was when oil was $45 .. At now $58 , one would think this would have consolidated the price gain better with this dividend rather than drift down to this level .. now its looking possible it will fall to longer term support at 60 .
could be the only catalyst that will stop this gold decline will be the dollar finally topping out , whenever that may be .. obviously greece , or any mid east conflicts are not doing anything for the price . In the meantime , It certainly appears there is no hurry to jump on this and I guess we need to be prepared to see this fall into the 2's which should really irk putbankersinjail ..
and the stock price is probably going to again reflect the ineptness .. we just broke below the 30 day ma . sto , macd and rsi all have just given sell signals . Be nice if this held 4.40 but nothing ever surpizes me with this junk when it turns bad . I always end up wishing I had dumped it when it magically goes to higher prices ..
read what I said again .. u got it wrong . I did not say gold was going to roar to 2000 ..
what I said about this stock breaking the 30 day MA is now happening again .. It did it this morning .. it always falls a couple dollars , then recovers to new highs .. there is big support around the 22 area so your buy area is in the right spot .. the sto is into oversold area and the macd is already there .. seems like a repeat of previous buy areas .. I would think the next report will be what puts us up into new high territory .
Im sure there is nobody here who is smiling about all this but some stocks are losers and can continue to be losers for a long time .. Gold has a tendency to not get into new bull markets much less than stocks .. look how long it took between the end of the 1980's bull market and the one that ended recently .. even if all of us add more at the real bottom , wherever that is , that doesnt mean gold is going to roar to the upside and pass $2000 .. it could be a long time before it hits 1400 , let alone $2000 if it acts historically as it has .
it just amazes me how you continually short on the absolute highs of the day and get out on the lows .. u must drive a rolls .. dont forget to post when you cover at the very bottom of the pullback .
all this ranting is not going to make marrone run to the till and give the $ back .. you are wasting your time . I would suggest you send all these rants to the co. instead of posting them uselessly here and that wont do any good either but at least the proper people would hear them
this stock has doubled from where I bought it .. it continues to make all time highs .. It has a great fundamental score 6 positive - 1 slightly negative .. its trading 1/2 million shares today so I know im not the only one who is attending the party .. There isnt even any spam messages on this board .. is nobody interested in ment's future but me ?
This stock seems to be giving u extremely high blood pressure .. We ALL know what the problems with it are . You do NOT have to keep repeating yourself every day of the week about it .. U are NOT telling us anything that we dont know . I would suggest you sell the pos and put it in your tax loss column or just wait for what appears to be a probably long time from now for the pos to do something and find something else to do in the meantime .. gold IS NOT going higher in the immediate future so this is also NOT going higher either .