If your short, I hope you lose a lot of money.
Then you should put all your money on shorting this stock. China and Asia will have as much or more to say about price of gold than fed taper. There is real demand there. Gold has bottomed and selling more paper gold will no longer be productive. COMES registered gold at all time low.
Then you should make a ton of money selling short. Think you should put all your assets in selling this short as you are so sure it is only worth $5. Please go away.
they would use third parties to buy all registered gold using futures and take delivery and then set up own gold futures in China with more same rules so paper trades don't wag the dog. Basically, they could end COMEX as a trading vehicle for gold. I also believe this would not be any violation of any trade rules. I usually hate China, but not for this one.
Cherry, glad to see you made out well. I got out too soon in hindsight but in past this discipline was right call so not complaining. This will be my last post unless it is "I told you so". See this Q about same as last so not sure driving factor right now . I was more concerned after reading in 10Q that other players seem to be introducing cables to compete with their radio tower upgrade connection solutions. Not sure how serious, was out of town so could not call into cc to ask this question. I was on last call, and they said they did not know of any competitors yet.
what I said goes for both long termers and "traders." Also do not believe most retail people that say they are long termers after 2008 are really so. If get 10% quick drop they run for the doors.
I agree with you 100%. Company is value play at this time and has cut debt and expanded product lines and geography in last 5 years . Even with flat sales it is buy in this price range. I always thought this could be a company that Buffett would like to own.
To learn from my past mistakes and being burnt by mommo players, you may want to ask yourself the following questions. If holding for higher price, what will be justification ? If a "buyout" I would submit it is trading at that price now and no evidence of one coming and would have happened a while ago. Finally if did not own the stock already would you buy into the stock now? If answer is No, may be time to get out as I suspect some momo players will be exiting Friday as that is a pattern I have found in past. Just my opinion .
Oedd, why are you here as seem ignorant about company as do not know story of her history and role as CEO of her families Indian Ag Machinery company??? My money is on her as doubt you have her insight or Wharton MBA.
Even if earnings flat next yr or even a little down, at current p/e as compared to rest of inflated market, this stock is a buy. GS looking to steal shares. The recent insider buy confirmed this. With low debt, the company can easily bump up div if does not see anymore growth opportunities at a fair price.
don't get too greedy as done that before and got burnt (apple). If like to gamble a little bit and have no PM exposure , look at AG . With some luck and return to realistic pricing base don cost of production should see 50% gain in 2 yrs from here. Do own homework and make own decision.
Cherry, good for you, my reservations on spike came out to be true. Funny how settled on a post many months ago on where I placed value. Some of the new posters here are funny and have no clue. Confused about this sale, as thought settled a few months ago, sounds like that sale broke down? . A non event. Thought about buying at 8 today but held off as too many insiders selling at lower price. Expect this Q's earnings to b e flat. I am conservative now, as expecting 10% drop in S&P soon .
go ahead, it is always smart to short when a company is at yr low and still making money with outlook at least stable to good and has div. Stay away from Vegas as you have no clue when to place your bets.
marvin, thanks for responding and your insight. I am holding as with my gold stocks as when worm turns all the quality miners could easily double within 6 months.
Sentiment: Strong Buy