looking at HMY and LSG institutional ownership on the NASDAQ site, institutions own 28% and 25% respectively. For HMY, 45 institutions increased positions and 46 decreased positions and there were 9 new holders and 21 that sold out. For LSG, 36 institutions increased positions and 19 decreased positions and there were 15 new holders and 7 that sold out. While it may seem incorrect that LSG is trading very low WRT HMY, the data above suggests to me that LSG is getting more recognition for the great mining company that it is. I own shares of LSG and not HMY.
I added at $0.895. I really think anything under a $0.90 is a great long term investment. This stock may make a big run up one of these days in my opinion. If so, trying to cherry pick for a penny or two on price may turn out to be costly.
NASDAQ reports 33,434,777 shares short at the end of last month. They also report about 8 days to cover. One out of two is not bad. I guess once again you will not reveal your source and likely you will remove your post like you have so many times when caught posting erroneous short information.
I wonder why this stock seems to have about 25% of the shares short and has had for some time. A good pop in gold that drives this stock up 10% or 20% in short order could cause some serious short covering and a rally that continues to feed on itself. A solid profitable quarter with reasonable forward guidance would really help as well. Fed and federal government mismanagement over the past many year guarantees PM prices will be going higher, it is all just a question of when. To me, having a short position in this stock is flirting with disaster.
You may be right, under the Sprott listing it says the position is new and under the ANV tabulation it reflects no change
guess $12.50 is not the low, printed $11.80 today. I wrote January $12.50 puts that I thought would return cash by way of the premium. Looks like the cash will come in the form of dividends. I am quite sure holding this MLP will turn out just fine over time and we get paid handsomely to wait. Does anyone have any information on why the steep drop? There does not seem to be any direct news.
Short interest reported by Nasdaq 12/15/2014 12,379,401 shares. A reliable source does not agree with your number.
Short interest reported for Mid November by NASDAQ is 9,755,165 and it dd move up the last reporting period significantly, but short interest is nowhere near your reported number. Care to cite your source?
The last upgrade to outperform was made in September so this is old news. Also, short interest on 9/15/2014 was 12,688,146 and on 11/14/2014 it was12,863,171 so short interest was not covered over the period. What's more, the stock has fallen about $7.00. So much for short covering.
Short interest is 36,651,684 shares per NASDAQ as of November 14 and has not varied more than about 10% over the past 5 months. So once again, where do you get your information? Volume just before close is 2.7 million shares. It looks like a lot of shorts did not get your instructions.
It occurred to me that a lot of folks may be thinking that the dividend will be $0.50 per quarter and when/if that does not materialize first quarter next year, one might have an excellent opportunity to by the dip
KMI paid $.41, $.42, $.43, and $.44 for a total of $1.70 in 2014. The press release states "KMI projects a dividend of $2.00 per share for 2015, a 16 percent increase over the budgeted 2014 KMI dividend target of $1.72 per share, and the company expects to grow the dividend by approximately 10 percent each year from 2015 through 2020 while producing excess coverage of over $2 billion.” 1.16 times $1.70 is $1.97 and 1.16 times the $1.72 'budget number' is $2.00. The last dividend for 2014 2as $.44 or a $1.76 annual rate and at 1.16 times, equals $2.04. A 10% increase over the last dividend is $.484. This does not provide certainty, but it leads me to believe the suggestions presented in the threads lead message may be the best guess. Time will pass quickly for the first quarter 2015 dividend announcement, then we will have a better idea.
You obviously could have bought a bit lower by waiting, but I believe you will do well with your investment. I too am considering adding to my holdings, but two things are holding me back at this time. First, I believe we will get a small correction in gold near term, but I am reasonably confident that PM's have put in their bottom during early November. Second, I am not so hot on small Brazil mining companies after my sorry experience with JAG.
I was driving down the highway last week and passed a large semi loaded with lumber. The thought went through my mind that the lumber represented wealth as it was the result of growing the trees harvesting them and processing the raw product into finished lumber. The lumber was a store of wealth and could be traded for other items of value, or sold for dollars. The federal reserve with little to no effort, could print money and buy the lumber, which would be synonymous with stealing it. It could be viewed as a wealth transfer, which is exactly what the dollar printing is, a transfer of wealth from those holding dollars or dollar denominated assets to those receiving the newly printed money, namely the very wealthy federal reserve big member banks. You could say the same thing for PM mining or any other productive activity.
The owner of the lumber spent time, used his land and water resources, and labored to end up with a truck load of lumber, something of real value. The federal reserve prints dollars to buy (steal) the lumber and that is supposed to stimulate the economy? Maybe Krugman can explain it to me, but I doubt it as I am a very dumb knuckle dragging engineer and he is an ivory tower PHD (Post Hole Digger) economics professor who is always right, just ask him even though he would not know a PHD if it knocked him on his butt.
Stock is moving lower in pre market as you predicted, but the entire sector is moving down. Do you see PAAS making a new 52 week low?
The premium is confirmation that paper silver, where the published price quotes are derived, is beginning to separate from physical silver. This may be indication that the manipulation is coming to an end, supporting Smallwood's recent comments on silver pricing.
Investors are probably discounting LUGCF because production is in Brazil, but if things work out favorably for gold, all three should do very well
Could it be that you finally going short is a contrary indicator? I have stayed out of the general stock market as I fear when I go long it will drop after the long run up. I fear going short the market because I doubt the fed will let it drop, rather, they will print more money. End result is the value of the market goes down but the nominal price goes up. Measuring with the dollar is much like trying to measure with an elastic yardstick, it is tough to get an accurate reading.