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Newmont Mining Corporation Message Board

technicalinvestor007 2 posts  |  Last Activity: Jun 6, 2016 1:46 PM Member since: Nov 12, 2012
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  • technicalinvestor007 by technicalinvestor007 Jun 6, 2016 1:46 PM Flag

    Plenty of bashing and short% is high, but fact is that they are beating earnings estimates, improving pipeline, have the FDA approval in the short term for blockbuster, Medicare deal in the making on 4kScore, and are basically a profitable entity on the current lab and existing product mix. Analysts are raising estimates or coming out with BUY on the stock with nearly 100% upside to average price target. With the 109th richest guy in the country having a proven track record and huge investment of his own money in the company, you have to expect that he is doing whatever it takes to make this a huge success. Nothing not to like and let the bashing provide good buying opportunities like today with a bounce off the trend line and the 100dma showing a daily hammer candlestick formation. Good luck and long term holder of the stock.

    Sentiment: Strong Buy

  • technicalinvestor007 technicalinvestor007 Jun 6, 2016 9:14 AM Flag

    I have never seen insider buying of this magnitude. As the 109th richest guy in the country, he has track record of success and financial depth to back it up and obviously sees value here or would not be putting such wealth at risk at any age. Insider selling may be for any number of reasons, but insiders buy stock for only one reason and that is to profit. The c-suite own +50% of the company and their interests are aligned with shareholders for certain as opposed to many companies where the insiders own 1% of the company. Long term holder of the stock and always look to be a buyer on weakness where opportunities show up.

    Sentiment: Strong Buy

NEM
37.69-0.70(-1.86%)Jun 27 4:02 PMEDT