Relax.. I defer to them and I don't question their decisions. My philosophy is ... Here is some of my money, please make me more. So far so good.
I don't think it is done with this run up yet. I'm thinking $36-38. But I'm not good enough to time it right like all the smart in and out traders, so I'll just keep holding unless we shoot up to 38-40 pretty quick at which point I'll take 25-50 percent off the table and buy on the next dip.
I forgot to mention, I have a diversified portfolio. Even if BX pps were cut in half, I would not "get gutted". But still, I would like to know why you would think that gutting were a possibility with likelihood so great that praying would be needed. You must have some compelling argument to the downside. I am all ears.
Why do you say that? Please share your insight.
I do not rely on praying when it comes to investing ... do you?
You will probably regret this move. An overall market selloff may save you, but if you think GILD is a dog, you have obviously not done enough homework.
Fundamentals don't apply as much to PMs. What metrics are used to value the price of gold/silver? Demand can not be precisely quantified. OK China and India are hoarding gold but they can stop whenever they want to. Corn, oil, NAT GAS, etc. ... YES. SLW can be valued based on the price of gold/silver WRT current contracts and agreements, but since gold/silver can not be easily valued nether can SLW. So I own SLW on the assumption that silver will go up, but what metric indicates silver will go up (Nothing specific except historical price for me ... thusly rudimentary TA)
I think this makes TA more applicable in the short/long term for PMs and miners of PMs. Admittedly, I don't get the I, ii, A, C, III wave stuff though. The only thing that tickls me about the wave talk is when it gets injected into other folks threads.
The one fundamental that I think applies is the cost to mine the stuff. When price gets below the cost to pull it out of the ground it should find some support eventually. That is not to say it has to go down that far, but that this IS a fundamental that I would rely on to back the truck up.
In example. I own CCJ which has a horrible valuation WRT P/E & PEG and near term earnings forecasts, but as a uranium miner, it is going up based on anticipation of increased demand. Supply and demand principles can be applied.
His posts are unsolicited and undesired.
Technically, no post to a message board is SPAM as this is a public forum and SPAM is unsolicited and undesired messages to a personal address/account.
Some of the commentary here is ridiculous. Here are my 3 most recent GILD purchases:
1/6/14 - Up 14.2%
1/8/14 - Up 15.1%
2/7/14 - Up 6.6%
YTD GILD up 12%, S&P flat.
In my book, this stock is cheap and red hot (thankfully not white hot!). For those of you losing your patience, do yourselves a favor and look at a 2 year chart with the 50 & 150 or 200 dma. It's a damn freight train chugging up a mountain.
So whatcha gonna do? Buy on the dips or whine on the dips?
Yes I saw that Hamilton sold half in October. Not old news, but not fresh news either. PPS up 20% since then. I'd say if you couldn't get passed that and pull the trigger before the Tosi sale, you might as well walk away. You gotta be able to sleep at night.
We'll see. I am just performing my fact check duties. As we both know, there are liars amongst us. I am giving FL the opportunity to provide evidence of what does not appear to me to be an accurate statement.
Where can I find this info? Only using yahoo site, shows one officer exercised 200K shares and then cashed them in over 2 days. However, I don't see anything like what you are talking about. Thanx
I just don't get the IPO talk. How could anyone possibly hold that long and not have conviction here? If a current shareholder has been in since then, I believe ... they are in.
Or maybe I'm missing something. So what is the theory ... I'm wrong and it is heavy selling by folks that have been holding all this time or just the idea that the IPO has relevance to the valuation/price here in 2014, or what?