If you doubt what I say answer this:
Did you or anyone you know plan to buy a smart phone in the next 90 days ?
Have yo been to the APPLE STORE in the past 90 days ?
Of course some have but MORE THAN LAST YEAR ?
Thats what you have to do for the STOCK TO GO HIGHER !
Now like Flat Screen TV's and Laptops !
What is so hard to UNDERSTAND ABOUT THIS ?
In addition CHINA which is APPLES largest growth area is imploding !
now you see why the stock is falling and this activist nonsense is just that a way to get more retailers to lose more $ imo !
50's coming for walmart you know it deep down don;t you ?
That's where it was before the fed started it;s 4 trillion dollar stimulus !
I invite all longs to take a look at Hecla mining and I will give you 15 reasons why it is the best miner
1. Balance of Gold and Silver with Canadian Gold mine purchase
2. Massive Increases in Reserves
3. Increases in Production
4. Major mines in North America only
5. Low cost of production
7. Cash reserves
8. New Major silver shaft coming in 18 months on lucky Friday Mine
9. Bashed and downgraded by Cramer
10. huge number of short shares
11. All of it's shares could be bought for less than 1 billion or less than 1/12 the market cap of trip advisor for example 1/3 the market cap of grubhub lol 1/3 the market cap of shake shack
When everyone or even a small pct of the money out there decides to buy silver and gold this stock will explode and I think this will happen when the fed announces a new QE within 12 months.
12. Buy low sell high overpriced stock market under priced miners...
When everyone or even a small pct of the money out there decides to buy silver and gold this stock..
13. They just purchased a massive Copper and Silver mine in the US bought for pennies on the dollar !
June 15, 2015 "Hecla Mining Company (NYSE:HL) announced today that its acquisition of Revett Mining Company, Inc. (Revett) is now complete. The acquisition brings to Hecla the Rock Creek Project, considered to be one of the largest undeveloped silver and copper deposits in North America. Hecla intends to continue to advance its permitting."
14. Huge amount of insider buying see yahoo headlines scroll down 2 pages
15. largest silver producer in North America 3rd largest lead producer and 4th largest lead producer
Right now stock price is 2.05 market cap only 750million !
it was 11 in 2011 and it will see 20 when silver prices rise back to 40/oz
Hecla is up 2 times what slw is and this trend will continue imo due the reasons I stated above
This is the walmart shopper this is you !
were you snookered ?
I told you this was coming !
again I tell you this can must and will go lower it must at least go to 52 week low of 92 because iPhone sales growth will rapidly decelerate even the wealthy will think twice before upgrading as they see their stock portfolios shrinking ! This is called the REVERSE WEALTH EFFECT.....
Do you disagree ?
You may have noticed the stock market is no longer rising but is correcting. The "Wealth Effect" is a term coined by the fed and created by the 4 trillion in stimulus to explain how people who see their stock portfolios rise spend a larger proportion of their take home pay as they feel their net worth is growing. In fact the top 5% of wealthy individuals account for a whopping 40% of retail sales. The rising market caused them to shun precious metals and put all of their money in the market at the same time.. Now we are seeing the wealth effect working in reverse that is the wealthy are going to cut back when they see their portfolios falling as we have seen in 2015. So now we see that factor coupled with rapidly falling demand from countries outside the US causes the Hugely overpriced dow stocks to fall leading eventually to a large drop in retail sales and employment WITHOUT FURTHER FED STIMULUS !
So to answer your question the fed is deathly afraid to lose the wealth effect as they know it will cause a recession here so as the market continues to fall and when it hits 14,xxx the fed will I believe reverse course and come out with another stimulus package it won;t be called QE4 it will have some fancy name like reverse dollar repos or soe tax break for the common man heaven forbid or something like this
when that happens and I think it happens this year you better have bought all the physical silver hecla mining and or PSLV you need or want because that is when you will see silver scream over 20 30 to 40 or more...
Hecla will be in the high teens and PSLV will be in the 20's IMO...
Breaking News: !
China official PMI drops to 49.7 in August from 50 in July: CNBC
did you see this ?
what does it mean to you ?
Are you ready for 99 again tomorrow ?