If that is true,short it and get on with your business where you are more welcome.
I think EXK will be a trader for a couple of mos. until new earnings come out.
Some help ca be had by using 5,10,and 50 day moving averages.
Do some back-checking and see what you think.
Agnico-Eagle Mines Ltd. (NYSE: AEM) was downgraded to Hold from Buy at Canaccord Genuity, and it was downgraded to Neutral from Buy at UBS. The company beat earnings, but the big news here is that the dividend was slashed by two-thirds.how does that explain the huge buy today???
At that same time nem abx auy slw trx sand gg all had same event'.
mux was untouched,while aem had a huge buy at tha exact time!
there w2as some heavy 200K shares on EXK at that time.Chart check of many PMs Gold/silver showed similar sales at that same time.Is this the FED? Big player at any rate.
By the way...is any company apt to buyout EXK??
TECH GUYS: look at a 5day chart of TSO, with bollinger bands. At yesterdsys open,TSO was $2.00 above the upper bands.no way jose'. It was a screaming sell temporarily. Buying back 2.00 lower is easy future money.JMHO
and,by the way...it was BEST OF 7 REFINERS..........YET IT STILL SOLD OFF.
LOOKS LIKE WHOLE GROUP IS WEAK.
Crushed..thanks for this unfortunate news.Any time govt. steps in you can be sure it will be screwed up by chair-bound beurocrats who do not know crapola. Your post is very appropiate here..it is nat. gas info,and the more we learn the better.
if it is any consolation,all 7 major refiners are down about 15%+ today.
And 15% ethanol is not approved by the car companies.Certain gas stations vary as to ethanol%...I NOTICEUP TO 4mpg DIFFERENCE TANK/TANK. Etanol is the only variable I can blame it on.
kbononi.....see a 10 day chart with 5-day SMA. HFC follows THE DIRECTION of the 5SMA.
This is true of all stocks. Basically IT IS JUST MOMENTUM TRADING simplified.
In last 10 days, WNR and PSX traded almost lock-step with HFC.
Four other refiners had similar charts,but with much lesser gains.
Obvliously this was an industry-wide effect.
and go to 'stockcharts' POINT AND FIGURE charts and see that all 7 refiners are sorry-looking to say the least.
not bad 317% gain in last 4 days. But look at a 5-day chart,and see that had you traded in the DIRECTION of the 5SMA, you would have made 6.35 IN THE SAME TIME FRAME. I use TDAmeritrade charts,available only if you have an account