To all the "adults" here. Answering "thefort4" is also on opportunity to make the bullish case for many other stock traders who might read your replies as well. You are chasing away other potential buyers with deeper pockets by being dismissive of this beginner. "thefor4." And you don't have to spend an hour writing a detailed position paper to answer him, just a sentence or two of decent advice.
thefort4, stand your ground here. There is no shame in being a beginner - but there is a pathetic quality to other stock traders who feel they have to attempt to belittle a young person asking a decent beginners' question. These guys use the anonymity of the internet to give you a hard time, something they would be afraid - or too cautious - to do in a bar if they met you face to face.
I'm over 60 and have no expertise here, but do want to help develop a partial answer to your question. The technology this company is set up to exploit could easily lead to a buildout of system with many paying customers. I believe they have a unique market niche. Do some research, starting at the company's website and also use the internet. Hopefully others here will give you a decent detailed answer to your question without the post-adolescent snark.
You haven't given one reason why we should buy this particular gold mining stock. I don't think we will default next week, but let's assume - for the sake of argument, you are right and we default (it would be two weeks and not next week). why is this IAG stock any better than leaders like Goldcorp or Yamina Gold? Why is it better than GOLD or GLD or any other type of gold index stock?
Merely saying that my fact filled earlier comment was a joke - and changing the subject - doesn't prove that your recommendation of IAG in not a joke.
Let me get this straight. IAG, which has a lot of overhead resistance because people have been losing money on this stock all year (and also the last 3 months) and would like to sell into any chance to break even is now your big buying prospect? Plus, as we enter the last quarter of the year, people will sell their 2013 losers (look at IAG's chart) for tax purposes against their 2013 winners. Are you sure you aren't SHORTING IAG now to make money? Just asking. You want another trade, okay, but to clean up an old saying, I wouldn't buy IAG with your money.
There's a story on a conservative website that says Cumulus won't be renewing Sean Hannity's contract. Sean didn't call anyone a #$%$ and is a nice guy with callers. This seems to be more than bad business. You don't throw away two of your biggest cash cows, particularly when you have nothing to replace them with. I'm waiting for the Tom Daschle or Mario Cuomo show to take off - like a lead balloon. Assuming even the leftists here are interested in this stock to make money, they can now sell and tell their friends that they are "boycotting Rush." And saving their own behinds. I wouldn't touch this stock with Anthony Weiner's pole.
Sentiment: Strong Sell
Here's another score for you. In the last two trading days of last week around 100 mil. and then 50 mil. shares were traded. the average is 29 mil. that means a lot of high rollers bought into AMD. You don't get those numbers from small traders living in a studio apartment. I figure they know something and have bet on this company going long. If you want to dismiss Microsoft and Sony as dumb companies that just throw money around and sign any old contracts on a half baked whim, well, there is ample reason to believe otherwise. I suspect the longs will be smiling in 3-6 months, if not 3-6 weeks.
I hate it when a stock board turns into a political board. I have strong political views but I take them elsewhere. One thing I notice about ALL the views here, be the left or right, is that they are essentially name calling with little to back them up. By that I mean people are saying, "Everyone knows how bad the other side's guys are and it would take talent for me to develop this argument on another board, so I'll just come here to whine about who I hate."
I've got a better idea - tell us what you think about SIRI's prospects. I don't care what you think about either the Democrats or the Republicans ON THIS BOARD.
Jobs may have become a republican, but he never became a Republican (GOP member). He was interested in keeping his and Apple's money, something not unique conservatives or Republicans. By the way, according to Newsweek, one of Apple's earlier computers named Lisa was chosen because of the child Jobs had with his hippy shack up first common law wife. When Jobs denied being the father, the state of California ordered a paternity test that proved Jobs to be Lisa's father with over 94 percent certainty and ordered child support payments.
I was at the Wendy's just west of Union Square on 14th St. in NY City on Friday. Also packed, very few empty seats. And the food was good.