price momentum for the metals is just about ready to turn up, from down. Palladium looks particularly promising. US dollar looks ready to resume a decline. stay in the batter's box.
the pattern you describe as a descending triangle is a BULLISH pattern. it is called a 'falling wedge'. go to stockcharts.kom and research falling wedge in the glossary.
well, when a stock is going down, i like to watch the volume very closely for about an hour or so. if you see 100, 300, 100, 500, 400, 1000, 100,100 etc, you know that it is the guys like you and me that are selling, or, the specialist etc is selling small volume and dropping the bid. now, 100 shares of selling could drop the bid, but when it goes on for an hour or so, it is just being manipulated down. yesterday, SWC had about 220,000 shares and was down near 40 cents. i mean, really? while legal, it isnt true to the value of the company. same on the upside when it is making new highs. watch the size.
well, this game has been going on for years, dating back 40 years or more. it is the classic move. most of the decline is 100 share increments. 100 shares is sold, and they lower the bid. all legal. you have to watch the volume and the size.
so, price declined 31 cents in a straight down move, ALL 100-1000 share positions, generally. i have to think that the specialist just cleaned out the SELL STOP orders, adding to his inventory, just prior to moving the stock higher.....time will tell.
all of the losers always want to call the 'feds' or the 'SEC'. maybe you just dont know what you are doing?
i dont need to call the feds, cuz i dont own MCP...yet !! you are probably the same kind of trader that is always spewing that the 'shorts are gonna cover' !!
take a course on technical analysis. do something positive. stop your #$%$. put your pom-poms down and get in the damn game.
with the market indices at all time highs, smart traders will commit money to those stocks that are ready to move out of long bases. SWC is clearly one of those situations. $15-16 soon, $20-25 is the target.
20% of the float is short. palladium is short 150 days of production. SWC just beat on earnings. no more huge cash demands for argentina. US dollar to decline and push the metals complex which has been quiet for 2 years. just be patient !!
ya cant buy TSLA, AAPL, PCLN & GOOG forever. the materials stocks, uranium, iron ore, coal, copper, silver, gold, palladium, lumber etc, are going to have a very good move up.
watch CCJ, FCX, SWC, CLF etc.
palladium has a short position equal to 150 days of production ! SWC does NOT have to spend huge sums of money to develop argentina copper. and, $25M of earnings was TWICE expectations for the latest quarter, but it was buried in the 'headline'. and, dont look now, but production was just raised for 2014. once over $11.50-$11.75 area, price breaks out of a MULTI YEAR DOWNTREND CHANNEL. dont be stupid.......BUY
the marketplace already removed the value of the repairment when the stock price fell from $20 to basically $10
the risk with pharmaceutical stocks, is that they dont get approval, and overnite, you take a 50%+loss. so stop #$%$.
i agree. they are however, the purest play in nat gas......i will be interested in what they have to say about future nat gas prices, especially 2014.