So then you're calling yourselve a dreamer and a scammer there slick as you are doing the same exact thing posting on here. Pssst. Side bar, let me clue you in on something. People are invested (or short) the stock and they just want to chat about it with someone else. No different than talking about your football team with a friend.... you really think talking about who the coach ought to start is going to influence who the coach will start? Me thinks you a moron. Just sayin'.
Today was option expiration day. End of day volume was probably that. We'll have a better idea on Mon and perhaps in the afterhours trading in a little bit.
Why taking things so seriously? Shheeeez. I have 32k shares and am seriously thinking (now on verge of regretting not already doing it) of going to 50k shares. If he has it, great for him. If he doesnt, so what? Doesnt impact me any.
Sulhaj, an odd question to ask on a MB, but ... what sort of size account are you investing with? 67k shares of this and wanting to go to 200k shares. in one stock. i am curious what % of your stock portfolio you're putting on to TC.
Good luck. I am thinking about TNK because it also carries a dividend. Will see. Might jump on it if it dips back down to $3 but I doubt that it will.
You will enjoy the TC ride from here. It might be a 3-5 year hold, but it'll be a 5-10bagger by the end of it.
Another stock to look at as a spec, everyone, is TNK.
Not necessarily since answering that directional question then begs the obvious follow up of: by how much?
Interesting thought. I didnt think of that. But I took a look at the open interest for calls and puts in dec 2013. the volume at $2 isnt really all that much, imo. Just 4900 put contracts representing 490k shares total. i'm not sure thats enough to move the needle when volume is in the millions??? but maybe.
FYI folks. According to Ned Davis Research's "seasonality chart" for TC, Jan is "THE" month you want to own this stock. It has outperformed 4 of the last 6 years in Jan. Just sayin'. There is 1 positive. =)
I am really tempted to double my share stake now in TC. Very tempted.
Nice little jump 20 mins ago with a 100k share trade. Volume showing a modest pick up. I wonder if its folks starting (STARTING) to close out their shorts to go home for Christmas/NYE?
This thing is a gift at these prices. Do a top-down analysis and bottom-up. It all spells $$$$. =)
This thing could very well be a 10bagger ($18) within 5 years.
There has been a short attack on this stock since early Sept 2013. I have posted several times about this. At the 8/30 reporting date there were 26.9M shares short. IMO, anything reported higher than about 30.7M will prove that the recent drop was shorts piling on (probably AND tax selling). There is some (albeit small) value in waiting until the new year before saying/releasing anyhing... could confirm if the sell off was tax selling.
What I am most interested in seeing when the shorts will start to cover or otherwise closeout out their gains from the short attack. I firmly believe that Jan will be a VERY interesting and telling month in a positive way price wise. Shall see.
MM is a bet on Copper. Gold is the byproduct. Everyone likes to focus on Au because of its price, stature, etc etc etc. But the fact of the matter is that this mine will get more net revenue from Cu than Au, thereby making it a copper mine with the best byproduct one can ever wish for. With the economy recovering, global growth should eventually drive Cu prices higher.
Keep this in mind.... every 10c increase in Cu price is a $10M direct lift to their bottom line (at full capacity). That's huge! How huge? Spells about $40M more to the bottom line if copper prices just gets back to where it was roughly this time last year.
I definitely would not want to be short this stock in 2014.
At $3 cu and $1100 au, the net revenue (taking RGLD into account) is $500M at ramped up volumes. Those represent 5-10% lower unit prices than what they are today. On the upside of say $3.50 cu and $1300 au, we are looking at $580M in revenue. Do whatever math you want to figure the costs side of the equation.... regardless, it is very very very hard to see how this thing aint a viable cash flow producing pig in latter 2014. Once it is proven to be a CF pig, refi will be a breeze.
Reminds me of when I was invested in KKD (Krispy Kreme) several years ago. Everyone screaming from rooftops that they cant survive because of the huge debt load at really bad terms. Well, wouldnt you know it... KKD was about to renegotiate/refi the debt into longer term obligations which brought down their int exp and freed up that much more CF which was then used to pay down (in effect) the principal (buy debt down to manageable levels). The stock went from mid $2 to $25 in 3 years and is now in the $20 range after profit taking.
My point is this, Ultra is right. The company will be able to refi the debt into more manageable terms. That will take the spectre of default / bankruptcy off the table and this puppy will spike enormously as shorts bid it up to cover.