Yeah, but at this age, I would rather spend my last days watching #$%$, than organizing a short concert in a stock that could recover. It's not normal. He's insane. Old greedy geront.
yes there was and there is. There is a talk about an old guy, who leads a group of shorts that together hold a massive short position. This guy is a very famous investor, sometimes shows up on CNBC. He has also a major position in apple. This is why this stock is so low. It's being said they sold their shares high - about 16 to 18 a share, so they have a massive profit. They are not closing their shorts. They don't panic. That's why there is this 150 million shares short out there. It's so massive - I can't believe someone would risk so much money. It's a very major short position. I think the guy is making a mistake, but it's just my personal view.
They won't do that. They would taper gradually with a release of fed deposits rates. So the banks would be left with a huge heap of money yielding nothing. As long as there are any profits here - they market would keep up.
thanks for the link, but it did not work on my pc, so I'll pass on it. Besides - I am not particularly interested in fundamentals, but rather technical analysis. This market makes no sense fundamentally, so who cares if INTC is best or not. My personal feel is that something big is happening, because INTC goes up at all. It is abnormal for INTC to go up. INTC never goes up. This is why it was always so predictable to short. It was always a perfect stock. So predictable and easy to follow. It is no longer the case. It is getting stronger as it goes up. It never behaved that way.
It would normally just crash with higher volume. Then while falling down, the selling would accelerate and the volume would increase. This is clearly not happening now.
Not only that - the overall volume in it simply disappears. Long term volume in Intel is so small historically. There is no supply on it like it used to be. There is no significant chasing in bid either but it may be very misleading. This is why I closed my shorts. The risk is too high for me.
Other than that - my colleagues at work sold shares over the last 2 weeks or so, so the small investors are probably selling now. I keep hearing things about people asking how to do taxes on profits from shares sales. It is telling me nobody buys this rally. Small investors are too afraid to buy and are rather selling into this rally. Everyone expects FED to taper and the stock market to fall down. It is all over the news. Media is advertising tapering like never before. And the stock market is not falling hard on it. Strange.
Like it or not, but there is something very strange happening with Intel now. I know, because I buy and sell INTC for the last 10 years and it strikes me how strong it performs lately. I had a short opened 2 weeks ago and normally I would expect a significant correction. It didn't happen. I closed it yesterday. I had an interesting conversation with my broker about INTC and it seems everyone is curious WHO buys all these shares. There is a genuine interest in new investors in INTC. But there was no new information about that. Last week everyone was curious to learn anything new at the investors meeting but nothing happened. Today someone wanted to slam the price down with 1.5 million shares order. It didn't work. I am puzzled by this. Did you see the action in the last 5 minutes? Very unusual. Everyone talks about Yellen, tapering, market top, bulls to bears ratio, major correction and unrelated BS. But who buys those shares? It ain't small buying in INTC. Breakout coming. I think it's time to go long INTC. Someone is loading up big time.
I closed my position and I think others did as well. It is reflected in price.
13c is a message to those who run CGR. Without us the stock is worth, well, less....
let me fill you in on the most important part of it:
Cash cost per ounce of gold = $1934
Net annual loss = $26,850,000
Market cap = $8,500,000
Technically the graph looks like it was 2005 again. On weekly candles the last week of November 2005 or eventually last week of May 2005. We all know what happened later. I was at the time playing long INTC.
I won't forget that. I would wake up everyday asking myself - why is this piece of *$#!T falling down all the time. Everything went up. And my INTC went opposite. It took 3 years to get even. I was long INTC again exactly 1 year ago and sold it to early. This stock is ungrateful. So this time I shorted it. Am I wrong again?
I just watched the 20 year long chart. It's been bad. It's a bad looking stock.
It may be a great company, but for a share holder it was just a disaster.
17000 at 10am = 1,7 million shares, not a market mover
I like the theory, as I went short today as well, but I wouldn't think it had much of significance.
Q: who wants silver now?
Answer - nobody. You got to be #$%$ to keep a losing position for 3 years.
Q: Who recently sold part of his Minco holdings?
Q: Is Minco an undervalued company?
Answer: NO. It is actually overvalued compared to other companies in the sector - like for instance SSRI with resources = 1.19 billions of ounces of silver and EV of 80 million dollars. Yes, that's right. 80 millions buys you just that - the whole SSRI with all the silver they got.
Q: Is Minco management a group of serious people?
Answer: NO. They are just playing with investors money.
Their last "update" says, quote: "The Company has made great progress in regaining the support of local communities" then:
"The survey concerning the development of the Project was completed over the past few months and the vast majority of local communities support the project and look forward to its early development."
You just can't make that up. This s!T is just brilliant.
Q: Why wasn't it reported "over the past few months" that the survey was completed?
Answer: They did not have a full time PR person - just a consultant - who was finally terminated.
quote: "Ms. Ute Koessler, VP Corporate Communications, has been terminated." Other than that, they don't care what they tell you. They have your money. You can do $!T about that. That's MINCO.
Q: Why is Minco like that?
Answer: They have a deposit all right, but they have absolutely no intentions of building anything.
They would gladly sell all of it for a high price - but there are no more suckers. This is why Sprott is trying to offload it. He just realized his mistake as he bought too much of it.
Q: When will they get their permit?
Answer: Let's spell it out: there is no intention of getting any permits done. LOL.
Not only silver mining got expensive. The costs of mining copper increased substantially over the last 2 years. 20% of copper producers are losing their shirt with current HG price. If they go BK - the silver will likely go up. The best way to look at this is to compare data from GFMS from their 2013 survey vs 2011. They have nice presentations. In the 2013 it is on page 19 while in the 2011 it was on page 13 of the pdf. Good read.
Sentiment: Strong Buy
Do you really think it is a coincidence this dog went up after yesterdays news?
The yesterdays deal is a shocker. Advisers are stunned. Managers are like #$%$!
Everyone talks about it. People are absolutely stunned, because they thought there was some sort of control over spending. People thought Congress is in charge.
That has just changed.
Congress is NO LONGER in charge.
This is why these companies are going up.
And it is just the begging.
If you think this dog will stop here - you are mistaken.
If you are short this dog - you are in trouble.
If you don't see that even now after today - you are in even a bigger trouble.
Sentiment: Strong Buy
They practically removed the debt ceiling.
Under extraordinary measures the Treasury can issue and sell USTs no matter what Congress says or votes.
And if Obama disagrees with Congress - he can veto and they can't do anything.
This is an open checkbook for the Treasury!
Most significant buy signal for gold and silver since, well, 2001.
SSRI to $10 in 6 days, people.
I always liked PAAS, because it was so predictable - however I decided to go with SSRI this time.
Higher beta and a little better company, so no - not PAAS.