Looks like we are seeing some squeeze action already. Anticipate a big volume day in PMs with short covering, which should play out nicely for the equities; particularly silver. GLTA!
Looking like it's going to be a lovely day. Many factors finally starting to come together for PM appreciation. With a little luck, maybe we can start an up-leg with some staying power. Go AUY, AG, SLW, EXK and ABX. GLTA!
IMO, the PM relative strength following a good jobs report pointed to a trend change. People are starting to get the fact that taper will have a relatively insignificant impact on current money supply. IMO, its time to buy. I was hoping for 3 but don't think we will see it now. Already placed my bets on AUY and AG last week. Added some EXK Friday and will fill out my EXK position Monday, as well as SLW. GLTA!
Sentiment: Strong Buy
Agree with you. It is obvious to me that the reaction to this weeks jobs report signaled a trend change in PM prices. Traders and investors seeing the light that taper is a non-event; the money supply will still be going through the roof. GLTY!
Sentiment: Strong Buy
It looks like our low targets are pretty much the same. GLTY!
"I still see AG retesting it's low around 9"
Spot silver at $9? That would be the buy of a life time. What is your time frame and thesis behind $9? My low target is around around 18 and your thinking another 50% lower? IMO a dip to $9 and any sustained time below 18 will put most of the miners out of business. Does your thesis include a dramtic drop in industrial silver demand. Trying to get my head around the mechanics that get spot to $9.
I like AG, SLW, EXK more. My worst case thesis is PM weakness lasts another 2-3 qtrs before low spot price is reflected in the supply chain. We may get one more big dip that goes below the summer low. I'm sticking with miners I believe can weather the storm with lower metal prices for another 2-3 quarters. MUX could be out of cash and turning out the lights if current prices prevail another 2-3 qtrs. GLTY!
Yep. Gap was filled at 12.34 and now we have over shot on relatively light volume. Decent support level at 12.25 getting tested now. If that fails 12.17 and 12.04 offer minor support. I think we close above 12.25. If the market holds up we should test 12.65 near term where there is quite a bit of resistance. We get through that and the stock should be on its way to 13.41ish. GLTY.
Buy the gap fill around 12.35 to 12.40ish. GLTY!
The CLNE characteristics that you dislike are the standard traits of a highly speculative and capital intensive start-up company. I've watched it more times than I can count. You gamble with a company like CLNE because you can count on the volatility that is characteristic of the risks and unknowns. The ups and downs while you wait to see if the business plan survives are where you make your money. Or you place your bet early on and just forget about it. But a prudent investor under these types of circumstances should realize the odds of losing it all are great.
If you’re looking for companies that don't need to dilute, have ready access to cheap money, a management and BOD that is focused on the shareholders (not company survival or their own compensation) and rewards their shareholders; then I would suggest you look at some of the stable business large caps with global exposure. Companies like DE, JNJ, GE, T, LMT and many others would probably make you a lot happier.
If you want to stick with CLNE, then my recommendation is to not make it more than it is. Take advantage of the volatility and never forget the risks. Most importantly, anticipate the dilution and management/BOD that will put a lot emphasis on getting their pay while they can. They know the risks and the paycheck/options may not be there tomorrow. GLTY!
Disclosure: I'm a buyer of CLNE in the 10s and 11s. Don't anticipate another dilution for at least 6 months to a year. Believe CLNE's destiny will be known before the end of 2014 and I do believe we will see some insider buying in the near term. It's rigged.
"said the same thing 5 years ago on this site"
Robert, If you have honestly been active with CLNE for five years, then you truly missed your opportunity to buy in the 5s and sell in the 20s. And you must have missed another opportunity to buy in the 10s and sell again in the 20s. If you have been watching this stock for five years, then you should know you are on the wrong side of the bet, again. Just look at the pattern; it is totally predictable and understandable. We just bottomed in Oct. I anticipate 10-15% from here by the 1st of the year and back to 20s in Mar. Then you will have to make a choice based on Q4 results. Do some homework on your five years of history and understand the patterns and maybe you will make some money this time. GLTY!
"big money expecting to make some money from a better than expected CC."
I don't think so. The big bet with Nov Puts is someone thinking the price price goes below 11 before expiration this month. Someone else placed a big bet on Jan Puts and thinks the price goes below 10 before 18 Jan.
Not this time. Don't even think about it until 130s, and once there reassess. This could easily go below 100 ahead of 01Jan. GLTY