Oil looks to be turning around. E&p stocks could come roaring back. Hard to imagine how it could go as low as 6. Bottom may be behind us unless we are seeing one more headfake move in oil.
Pmt4111, appreciate your detailed response. Is there any indication that VVUS (with FMC initiative) is trying get itself acquired? At $1 it seems inexpensive. By the same token, nobody may pay 5-6$ premium for a 1 dollar stock. Who is out there with the capacity to generate value from these drugs and also interested in taking over this? Anyway, I will sit on my 4000+ shares and see where it goes eventually.
Pmt4111, I already own 4200 at an average of 1.75. I may add more. But my question is -- do you see this company going anywhere? I was trading the company a few times in the last 10 years. I was especially excited when Qsemia was approved and the stock went to 20s. Somehow all the momentum seems to have evaporated. At this point, do you think there is enough latent potential in this company to flourish again?
Yamana gets taken over by Goldcorp at a price of $3 and we all wind up owning GG shares. I for one wouldnt mind that. We get a premium and we become part of GG and our shares are more likely to recover eventually.
It will be very helpful to understand this. Hoping for some informative and educational posts please.
Yamana Gold share price up on higher gold prices
Yamana Gold share price tumbles on falling gold prices
Yamana Gold shares up on higher gold prices
Yamana Gold share price down on lower gold prices.
...... And just keep repeating that.. LOL
Indeed no one knows.. I am just surmising that there may be strong technical support here based on the chart and the rather resurgent behavior of the stock. We will see..
Ya. It looks like it is moving with equity market. When gold was going down it was going down with gold. You just cant win. And I have a ton of Yamana.
Strong positives! Oppenheimer endorsement, strong insider buying, forthcoming launch!