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?
If you look at a 1 or 2 year chart and review the price action off the May, July, and October highs from last year, you will see that we are doing just fine and should take off in the next week or 2 (or 3 or 4 or ..., I don't really know) This stock has a lot of buying support so yes it can and will get ahead of itself WRT MAs (growth stocks do this), but what I really believe this means is the market won't let it go down much. After an 8% drop PPS has come back a few percent and we are now going sideways give or take a few % for ?? more days and then going up again. I'm not nearly smart or good or connected enough to know how long ?? is, so I am holding and adding on dips here.
The dividend, earnings, and growth will not be denied in the long run.
To answer your questions ... NO I'm not sure, and YES of course this could just be a setup. I actually reduced my position by 25% at the close on Friday.
This move is no different than last August to this point, so skepticism is healthy.
That doesn't mean we can't get excited though. ... Just need to stay disciplines and not make rash decisions. I planted my seeds in Nov/Dec and I'm not going to chase it here.
Everyone has dirt on everyone else. ... Thusly, we have ourselves a massive "People in glass houses" situation.
The problem is your total disregard for the facts. Counting the dividend, BX has still outperformed the S&P YTD. WORD
Momma needs to put you over her knee and teach you a lesson.
How can it be the a master trader like yourself can't provide a site that shows the price was @ $.86 on that day? Scary.
Try NASDAQ site. I found a historical price chart for your put and on another site as well. Both sites showed the price at $2 on your claimed buy date. You look pretty busted to me!
Not to worry, I'm sure this little put purchase price discrepancy doesn't change anyone's opinion of you.
WRONG AGAIN ...
"An insider is required to file the Form 4 for all transactions in company stock (except small acquisitions that met specified conditions and most transactions exempted from Section 16 short-swing profit recovery) by the end of the second business day following the day the transaction is executed (the “two-day reporting rule”)."
In reality, 2 officers reported purchases on Jan 13th, and as of this moment (per yahoo) the last reported sale was WAY back on Nov 13th and that could have been per a planned sale as is the case a lot of the time.
Conclusions: They were buying coming into earnings and above $31. They can't swing trade. This is bullish. Those PUTS you didn't really buy will expire worthless.