it's fair to say this was the worlds most telegraphed secondary (or is it a primary? or both? or a follow-on offering? who knows). anyway, I would bet $7 is probably a good price. does this mean that 4th q results were good? at this point radiant can pretty much make up any results they like, depending on where expenses go. my biggest concern is that the epicor erp in the wheels business and how and if there will be a big migration over to SAP/Cargowise. Crain & co. have never shown themselves to be great operators, and a big software conversion like that is way beyond anything they've done before.
looks like another overnight gap lower . . . question is whether US buyers will take it higher . . . will the dip buyers save it again?
another case of trading lower overnight, gap open lower, and then US buyers push it higher. one of these days it will gap lower and then trade lower . . . pattern will break and so will gold.
we have 109 in premarket . . . it's over folks. but don't worry, every ending is some new beginnings end. or wait, every beginning is some beginnings end. or something. this isn't the end of the world is what I'm trying to say. it just looks like it.
GLD has declined even though most days it closes at a high on the day. here is what I think is going on. the overnight overseas trading sends gold lower. then it opens at that price in the us market. then the us buyers of GLD drive it higher and it closes at a high, and the cycle repeats. so then the question is when the US buyers are going to stop buying and what happens to gold then.
you keep thinking that. gold is going lower and won't see these levels again for 20 years.
short march to double digits begins
no commodity bull market lasts forever. 13 or 14 years was a good run. This is nortel in 2002. It seems like a good idea that should still work but it's over. Don't be the last one to change his mind.
Its over folks. This is the equivalent of 1981. Probably were plenty of deadender bulls back then too. Sell your gold and be glad you're not the sucker who's going to watch this go back under the cash cost.
yeah sometehing is going on. U.S. Mint sold out of its American Eagle Silver Bullion Coins. this means that ordinary investors are buying the falling knife and the pros are selling.
Interesting that the equity sales guy bought another 2000 shares. Not a huge amount but he already probably has a large proportion of his nw in the stock. And Hendrix gets very specific on his compensation in case of change of control. I think this gets sold to Cowen before the end of the year.
if we calculate the 90 days as including the three day settlement period, then it would appear the ninety days are up. so that would explain the 2 million+ shares traded today. the uptrend is broken, btw.