Bought a little AGQ (ETF for 2 X silver bullion long) @ 15.86. The only precious metal security that I have. Effective mix about 4% of my portfolio. Still over 50% cash........
I think silver (the metal) is looking pretty interesting here. Don't know much about theindividual stocks. Maybe a small position in AGQ or USLV, but I emphasize smaa, for me anyway.
Bought some at 16.48 w/ the S&P 500 up 15.75 points and the DJIA up 136. Not a big position, but betting we'll cool off from current levels. Nice pop for the market, but taper and budget fears looming.
Some seem to think that Obama will be on Mt. Rushmore......Why, because he was our first 1/2 Black president? That 5th spot is reserved for Ronald Reagan.
Just prior to the close. Was looking at other stocks and forgot about PER, then noticed the low price. Has to be desperate souls selling for tax losses, of course to offset other gains most likely.
My last sale was last week at 13.19.....was actually a small loss on shares bought @ 13.30. Overall, I've done quite well trading PER back and forth and around the x-div date.
Equals 38,000,000 new shares someday. If they are converted and sold it puts pressure (perhaps a temporary lid) on the stock price, albeit at a somewhat higher level. The closest conversion price of $15.15 is only about 15% above where the stock was trading pre announcement.
Looks interesting for a tax loss bounce back candidate. Nice bal sheet and interesting pipeline.
Also holding AVNR, AEZS, MSTX, and NAVB......similar small biotechs.
I see tax loss victims all over the place. Many of them are now bouncing higher as the selling is wrapping up. AEZS will see $1.20 + by the end of the week.
I consider them tech . Glass of all types for phones, laptops, televisions, etc. Also fiber optics, solar, and LED lighting (read the PROFILE). Not even sure if the cookware is still in the mix.
Anyway, they are certainly subject to the ups and downs of the technology cycles. With the Samsung deal they'll show an addl $2 bil~ in revenue in '14 plus Samsung is now an investor in GLW. Great balance sheet to boot.
Just my opinion.............Kel
***Ramping up oil production vs natgas
***asset sale proceeds reduced debt by more than 50%.
***projects higher '14 production proforma for the asset sale.
#####.....I wish they gave a projection for cash flow in 2014. I'll throw out a number in the $150 mil area. Important as to how it relates to capex and debt levels.
Probably a decent buy here for a bounce. Not quite as good as HK though with their higher mix of oil vs ng.