The MACD levels are below historic lows, suggesting the only sellers left are the machines themselves.
All this and the FED has not instructed JPM to close out its shorts. Last I knew...
Let's hope there is a plan to salvage industry usage.
md
Sentiment: Hold
No body gives a hoot?
Bernanke dollars hard at work shorting every pop?
md
Does the plunge protection team also print money to buy dollars? And Gold up, but miners sputtering as usual.
?
Cramer says buy facebook? PE to infinity, along with QE...
hmmm, who knows.
md
Sentiment: Strong Buy
The more the merrier no?
lol
md
Sentiment: Strong Buy
Over illegal confiscation of guns. The Great 2nd Amendment Defense Initiative.
*or*
Until Obama abolishes congress with his last executive order...
lol
md
Sentiment: Buy
When does the "hold steady" pricing of the physical plus all the myriad shortages translate into breakage of the process that establishes prices that the miners have to pay?
Why would COMEX ever really declare a default? When they can pay you with IOUs or with dollars in lieu of physical?
What entity would need to force the COMEX to default? And is that entity not owned by the same folks who own the COMEX?
I'm beginning to think that silver is being targeted for "industrial only" and not worth a whole lot as an alternate or actual "money".
I know gold is still considered valuable by TPTB. They just need to keep a lid on it while they do their cross the board currency dance. But silver appears to be selected for extinction.
How do you fight that?
md
with both hands...
md
Sentiment: Buy
love it when the mini spike draws in new hopeful retail shorts, with no clue at what they short...
Fence sitters, get in while resting at $5.
md
Sentiment: Strong Buy
And we are just getting started...
Ouch...
md
Sentiment: Buy
And history repeats...
md
Sentiment: Strong Buy
No I don't think so. I think Goldman elevated ahead of the offering to help get the offering price at a favorable level. They supported to get all the shares out in and around the offering price. And they ended up selling nearly twice the volume of the offering over a couple three day period. I think they floated the over allotment as well.
So the question: then what happened. I think its fairly straight forward. All the additional shares that exchanged hands at those levels above the 135M allocated, went to a lot of retail and fast money types. And shorts added to the float nearly the size of the secondary. We tracked one of those days where some new 54M shares were added to the short pile in one day. So when Goldman and the others were done, circulating the new shares largely to strong holding institutional parties, we were left with a "trade on your own" situation, which then surcame to a normal consolidation period.
So who ever the big shorts are at those higher levels would like to shake as many shares as they can before buy pressure forces themt o fuel the next run. A lot of shares, a long basing period.
An excellent time to re-enter or accumulate of take initial positions.
It is sitting at support at current levels...
fwiw,
md
Sentiment: Strong Buy
Nothing.
If you liked it at $6, or if you liked it at the offering $5.15, you have to truly love it at $4.45.
The stock had an extraordinary run. It was held aloft by GS to push the secondary. The company still benefits from the funds, the housing sector is in the same shape. The FED position is still full steam ahead.
We are witnessing a price correction/consolidation is all.
Buy low, and sell high.
Get in while its forming support at current levels.
md
Sentiment: Strong Buy
But the systemic remedy of steeling funds at least has had the proper response, in different to the so called special case.
Never steel savers monies.
Hope you guys are buying these gifts?
md
Sentiment: Strong Buy
This stock gets a 800% price target upgrade, from the first of a long line of analyst that need to follow suite, and shorty just spins his FUD.
We may base for a while, with obvious downside protection and explosive upside potential.
Newbie shorts in here on valuation perceptions or a "too far too fast" thesis, had best keep a finger on the BUY-TO-COVER trigger for safe keeping. Least ye be added to the short from $2 burn victim pile.
Mark it...as of this post the stock was $4.91.
md
Sentiment: Strong Buy
For the little guy who gets jerked around by MMs and a system designed to yank you out of your positions so only the strong will win, I'm telling you to not be fooled.
You have made a wise investment. Don't day trade it, don't swing trade it.
Because it can leap and never comeback on a moments notice.
Just hold it.
md
Sentiment: Strong Buy
We have a little resistance to work thru at $5.23, then the squeeze resumes...
md
Sentiment: Strong Buy
Now that we still own a lucrative business for free...well actually a nickle; it is time to actually pay for the business.
MTG has a long ways to go: if housing is back, when they reach the 2007 peak, PPS $65. with $1.00 Dividend!
Hold tight..(The market has exceeded it, now the hardest hit recovery component will follow).
Buy like there's no tomorrow!
md
Sentiment: Strong Buy
Would advise fence sitters to get back in here.
md
Sentiment: Strong Buy
Makes sense. Next time we see Cramer he'll likely be bashing the stock.
md
There is no point in hanging out at these levels, not that the tide has turned.
All stocks test and re-test support. With this much volume you can find entry points over the next 6 months.
fwiw
md
Sentiment: Sell