is all you need to know..
the end of the stimulus is scheduled in 2 weeks !
DId you know that ?
The market is speaking to you are you listening ?
Earnings growth less then 2% when the fed was pumping money left and right..
Now housing is slowing down and housing is where wells fargo makes it's money so you are the one who is going to learn a very expensive lesson for listening to wall st pros and pumpers..
and most likely means the bottom is in the miners gain is much more than the metals gain but I have seen as recently as 2 days ago when hecla dropped big even though the price of gold and silver did not and the next day gold and silver tanked these crooks already knew it was going to happen ie manipulators..
In this case they are probably going to pop silver and gold tomorrow that if it follows the patterns I have seen many times..
look at SSRI CDE HL SIL PAAS SLW EXK all of them up on twice normal volume..
This can't be good news for shorts crazy enough to short at these ridiculous levels can it ?
He is putting out an article every couple of days saying hecla is sell despite this it continues to rise..
No one kicks a dead dog.....
Wait till it hits 10 per share he will then upgrade it
His reasons for the sell are also nonsense they could be upgrading it with the same reasons..
He or his clients could actually be accumulating it then later they upgrade it..
Besides all this he is always wrong a contrarian indicator..
I am glad I averaged down though anything under 5 will be looked at in the future as fantastic entry points IMO
may show negative sales this year making it very overpriced do you disagree ?
now you know I am right !
When everyone is scared be greedy (pm's)
when everyone is greedy be scared (stock market)
Also if you read stupid cramers st downgrade everything they said in the article was positive the headline could have read Hecla is upgraded to buy from neutral read the article and tell me I am wrong..
All I remember is when I bought at 1 in 2008 it went to 11 by 2011...
I believe firmly history will repeat itself...
I said Longs only !
If you see that hecla was able to virtually break even in this environment and you see the stock rise when all other miners are tanking see NEM GDX ABX etc then think about what will happen when this selloff ends and if
it does not end soon Many miners will be forced to shut down which will raise the price.
Hecla low cost produce will thrive in this environment and I don't see it lasting long anyway !
Agree 100% pe is ridiculous for growth which is nil
in common ! Walmart hugely overpriced for slowing spending by middle and lower middle class who are tapped out !
and with trouble in Japan and strong Dollar sales internationally will be down huge imo...
PE Price to earnings of mcdonalds (17) is like it had 17% sales and earnings growth per year when it has 0% or maybe negative growth. Mcdonalds can must and will go lower you will see and many will lose most of their gains in denial and listening to wall st pros who never tell anyone to sell when they should..
93.84 is where it is now I will reference this post when it hits the 80's
It's November 30 for the Swiss Vote. But the amount of bashing going on indicates someone wants to buy gold and scare the holders into selling. The nice thing about Hecla is it is so low that it has nowhere to go but up as you have seen on the slightest rebounds of the metal prices..
starts to bite the market falls the fed recants and gold and silver soar...
Yesterday looked like capitulation to me with weak hands bailing out. Today looks like fund accumulation as this stock is ridiculously inexpensive at this level. So far you have been right SS but at some point like now all the people who want to sell already sold and thats why you see sharp bounces because when anyone wants to buy there are not enough shares for sale at these price levels. They lost 1 penny on much higher than expected revenues so if the recovery is real then prices will rise and if it's not the fed will insure higher prices imo.
I do tip my hat off to you I never thought it would ever hit 2.00...
more often then they make...