if you think that, you lack historical perspective of market bubbles and how stocks, even strong ones like Apple respond during corrections (Hint: they go down as money moves to other lower valued sectors). You also don't seem to understand market saturation and the fact that the Cali gov is forcing them to subsidize a money losing solar project to repent for their carbon sins...a very expensive place to do business, which has to be justified by continual slick marketing and inflated product prices while selling sub-par utility. On top of that the product development and marketing genius of Jobs is gone. That genius comes from certain epiphanies about the collective human psyche gained likely during the use of psychoactive drugs like LSD and other psychologically tumultuous times. The days of these high flyers are numbered I'm afraid...not because they are bad companies, not because of fundamentals, but because that's just how markets work now days, they are cyclical and do not go up for ever.
so do I have this right? A company that makes adult electronic toys is valued more and has stronger stock price then all the companies that make food, mine basic materials, and provide energy that our very lives depend on? And this electronic toy company is being forced to subsidize money losing solar projects by a eco-cult in California government repent for their sins of using too much electricity? And the market sees this as a positive. Am I missing something here?
aapl only going up partly due to news about investment in solar...and they're only doing that because California's eco-cult imposed a carbon tax on them and is forcing them to repent for their sins of of using too much electricity and offending Gaia. Same with Google. It's bad for business in the long run, but the ignorant hoards are duped into thinking that Apple is just being environmentally responsible and so they keep buying stock.
really...look at history since early 70's gold beat every asset class there is...even real estate. Best long term store of value in the course of human history.
I suppose one could argue they paid too much, but if we ever see gold north of $1500 again in the next few years, no one that is long SLW at this point is going to care one iota.
long term SLW will continue to reflect underlying commodity price, only now more gold/silver instead of just silver...that's what investors should expect here.
smart companies only issue stock when the cash will guarantee a payback in increasing the financial size of their operation in proportion to the stock issuance...oh wait, that's what SLW just did.
no...my bagholding on my core position has long ago been accepted, actually making money on calls sold at $7 due to theta decay atm..very happy here below 7 until mid-march thanks. ...what's annoying is you keep repeating the same thing over and over...one day you might be right and you will say "I told you so". LOL Broken clock, I know what makes you tick...pure ego, needing to be right so you cover all your bases and make sure to let everyone know when you get lucky. Did you have an overbearing father that told you were wrong all the time? Tell me about your mother.
silver price is down, gold price is down, market is down, dilutive offering to buy stream perceived as negative by many, and this volatile stock is only down 5-6 % is not too shabby price action really. Not even close to recent lows.. Hell, my covered calls and puts make me as much in a month as this stock is down today. This stock could do this on any given day just based on silver/gold price drop alone. Nothing to see here.
you mean they buy back shares at a market top (dumb) to give the illusion of continued growth and keep the stock market bubble growing instead of growing the financial size of their business like SLW is doing? I suppose buybacks will reduce the pain when the broad market corrects though, but I'd rather have a business with increasing cash flow.