that's certainly been true in the past, not sure if anything's changed...these creep ups get us bulls frothing at the mouth but often it's only shorts reloading for another short attack. Hope that's not the case this time. I'm not convinced anything has changed here with what is determining price action. Maybe if we see a $1 pop I might think otherwise.
any honest short would take their profits here and run...the lower CLF goes the higher the risk of the short trade, unbelievable they are still in this, only reason must by they think BK is still on the table. Einhorn knew and bailed out around 10.
CASH? you don't need cash when you have gold and silver. You don't think the gov will take some gold!!??...in fact...I suspect the timing of the audit was lined up with central banking insiders who know the bearish gold trade is near its end and want to buy in without having to buy in.
gold and silver are very inverse to the Dow....if you think stock market will correct and perhaps a bit of sector rotation PMs and commodities looking very good here...shameless pumping I know, but all the negativity last two years has made for some very cheap stocks of companies that have been forced to run a tighter ship...that's good renewal for the business cycle. Pick the winners though. Good luck.
wow, what planet do you live on . LOL tax problems already stated 156 million possible payout on back taxes....well priced into share price three times over. At current silver price this should be at $15 and I suspect will be there by Friday.
The biggest delay from current management in getting their plan done is still the prior management's delay of the shareholder meeting in a vain attempt to save their own necks. Current management wasn't even in charge for last 4 years so don't blame them, they are the only reason this isn't at zero All water under the bridge now. Time to look foreward
with their one child per family policy and their notoriously crummy statistics reporting I'm dubious of the claim that their population is rising much...maybe, but I think more importantly is Americans grossly under estimate how underdeveloped China was. the quality of life of the existing populous was so terrible in the 90's and early 2000 when I used to have to work over there it was staggering, not even heat in well-funded public universities in mid winter! Where they were compared to where the West is took the West 50 to 70 years to develop. Now I'm not saying it will take that long with China since they will merely copy the West like everything else the Asians copy, but the growth story of China is likely to last several decades at least.
yup that was my plan originally but I got in way to early.....CLF comes pre-corrected off the shelf now.
those two goals are not necessarily mutually exclusive if say 2 years down the line share price is up to $20 after shorts get squeezed and they need to raise capital they can use a portion of shares bought back to dilute (I'll be selling way before this) It's a judgement call by the CEO...we must have faith that he does it right and has more knowledge and wisdom than we do on this matter.
Vip...as a sailor, I feel it is my duty to point out a very important spelling error you have made. The difference between a CAPE-SIZE ship and a CAPSIZE are very very different indeed with regards to shipping. I'm hoping people aren't paying for capsizes, that would be a very bad investment for anyone. The letter "E" is important. LOL
I don't think anyone is promoting bankruptcy...that would wipe me out. But it's true the market price of this stock suggests the market thinks BK is imminent.