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Kinross Gold Corporation Message Board

trevwick 15 posts  |  Last Activity: Mar 14, 2015 3:45 PM Member since: Dec 10, 2008
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  • trevwick trevwick Mar 14, 2015 3:45 PM Flag

    Brother, learn to read time stamps and understand when a guy who knows how to make money in the market is throwing you a bone.

    Never said I have hate on for Rexx. I have consistently said I believe it will head lower before it heads back up in 6 - 9 months. I am not shorting. I bought Rexx in January between $4 and down to $2.75. I sold out two or so weeks ago at $5.

    I don't mind trading it though. I have bought and sold it a number of times in the last 6 weeks. This post noted my latest buy a couple of days ago when it first rolled back down to $3.95. It was oversold so I bought, then sold the next day at $4.15.

    Right now I think energy is very week and I would not want to own Rexx. I'll post when I buy again. Call me punk names all you like, I am making a killing in this market and remain highly content with my strategy.

  • trevwick trevwick Mar 12, 2015 2:30 PM Flag

    Sounds like you are in to it with both eyes open, unlike some here who seem to have no basis for the things they are doing or posting. Good luck to you as I am sure that buying here and holding through the volatility will be a winning strategy 6 -12 months out.

  • trevwick trevwick Mar 12, 2015 1:46 PM Flag

    No disagreement that oil and gas could be much higher than current prices in 6 mths to 2 years. Energy cos will eventually bounce higher, but for now they will trend lower. I could not afford to hold REXX at $5 when I believed it was heading to sub $4. REXX is volatile so I sold off 2 weeks ago and I was right. I bought a bit yesterday and sold today for a quick trade profit, but based on current energy market trends (contango, trader trends, spring doldrums, etc.) I see no reason for a strong bullish move in REXX for 4 - 6 months. Buy and hold if you wish, but I like the volatility to make money in the near term.

  • $.20 on 40k shares since yesterday isnt so bad.

  • The rate of oil storage gains has decelerated from last week. Have to assume factors on this are the oil tanker train derailments, the end of the west coast port action, and possibly some refineries coming back on line after spring cleaning. Going against oil right last week was traders closing off some contango positions and selling that oil back into the market. If that volume was material but absorbed by Cushing with only a 4MM BB net gain, this is bullish for oil.

    I still dont like Nat Gas right now, but REXX could trade back to mid 4s for a quick gain.

  • Natural gas was only holding up because of the late winter cold snap in the Eastern US. Henry Hub is going to get killed coming into the spring and will stay low through the summer.

    I like REXX but its not too late to sell and start rebuying in the high $2's. May hit a new low in the coming months and will be slow to recover to $5.

    To be clear I am not a manipulator or a short. I am a small investor that made a bunch of money on the last REXX run up and sold off just under $5. This forum is full of paid pumpers and pipe dreamers looking to scam you into believing a big bump is coming. But its not coming in this market. Maybe later this year, if ever.

    Sentiment: Strong Sell

  • Reply to

    Falling off the rails

    by trevwick Feb 26, 2015 2:17 PM
    trevwick trevwick Mar 2, 2015 12:29 PM Flag

    Oil up 3% this AM....REXX down 1.5%....so what is your theory again?
    To be clear, there is no short term consistency in the way REXX trades with WTI, they generally move together, but in the next few weeks there will be other issues at play and I believe REXX will be volatile but generally a price loser for now.

    Sentiment: Strong Sell

  • Guys I am firmly in the camp that Oil and Nat Gas are heading lower through the summer. This week will witness another tick down below $50 for WTI as oil inventories continue to reach maximum storage capacity. When this story reaches its full potential in a few weeks and the market realizes that producers have no where to store their energy products, energy stocks will tank again. I am not short REXX, but have sold out the position I started building on the last leg down to $2.50+/-. There could be a pending asset writedown for REXX as its fields cannot be valued on the same gas price as they were 1-2 years ago. REXX has not been clear on now they arrive at their NAV, Dont get caught on the long side yet,. Will WTI head back to $55-65 within 1-2 years...I think so, but the market value today wont care. Will REXX be an $8.00 stock again....probably, but not for alot longer than the paid pumpers on this board will lead you to believe.

    Sentiment: Strong Sell

  • Reply to

    Falling off the rails

    by trevwick Feb 26, 2015 2:17 PM
    trevwick trevwick Feb 27, 2015 11:34 AM Flag

    One day does not a market make there skippy. Just because people are conning themselves into believing there is a buyout pending on this, doesnt mean that this doesnt drop like a stone again with the building weakness in oil and gas. Oil is heading lower over the next few weeks and this will sink. Sorry. Say bye bye to you awesome $4.95 purchase. I'm happy because I sold those shares to you.

    Sentiment: Strong Sell

  • Oil seems to have lost its bottom and the S&P has downgraded REXX's debt due to potential liquidity issues. No one is buying this thing anytime soon. get out and re-buy at $3.50 or lower

    Sentiment: Strong Sell

  • Reply to

    Why is this stock tanking?

    by primechucksayssup Feb 6, 2015 10:45 AM
    trevwick trevwick Feb 6, 2015 11:07 AM Flag

    $4.47 will be the low of the day

  • Reply to

    Why is this stock tanking?

    by primechucksayssup Feb 6, 2015 10:45 AM
    trevwick trevwick Feb 6, 2015 10:53 AM Flag

    Mr.Market wants to give you a chance to buy more

  • The float at issue was only $163MM on the $2BB market cap. Funds from the IPO are going straight to treasury to shore up the cash position for the next year, which is all it will last if the company keeps at the current run rate.

    The only question is what happens next... Does BOX significantly decrease marketing expenses and run with their market share? Do they keep marketing expenses up and the $150MM+ annual level and burn through this cash?

    By end of quarter, I think we will see subscription revenue from the newly added fortune 500 cos catch up a bit on the revenue side and decrease the annual cash burn. Stock will pop and there will be a secondary offering from insiders and treasury.

    Why else would the VCs bring this public? To see their investment die in a year? Dont think so.

    Sentiment: Strong Buy

  • Reply to

    Nice close

    by notcramer Feb 2, 2015 7:28 PM
    trevwick trevwick Feb 4, 2015 1:19 PM Flag

    Patience Sanjeev,
    Its a good company and will move higher eventually. Problem is the market is giving short term investors tons of opportunities and this stock is not really on the radar of anyone trying to make a quick buck. Its probably being shorted aggressively right now, which means an eventual reversal will be all the more powerful. You do not sound like a sophisticated trader, so the question you need to answer is...can you take the money you have left in this stock and put it somewhere else for a quick return, or can you be patient and wait for this to rally. I will bet the stock price on this gets far uglier before it gets better. That doesnt mean the company sucks or is in trouble.

    Good luck

  • Reply to

    They get your shares cheap

    by armatima Jan 13, 2015 12:49 PM
    trevwick trevwick Jan 13, 2015 12:57 PM Flag

    I am long REXX and have been adding this morning, but your book value is based on old news and is going to be dramatically upended when REXX releases a massive writedown of its assets. With Nat Gas dropping 50% in the past few months due to the unseasonably warm winter so far, the stock is has been discounted to a negative book value where debt exceeds potential asset value. The only play here is an increase in nat gas prices which will bring the BV up before the company is forced to publicly disclose the size of the writedown. All oil and gas companies have the same problem right now.

    I am adding because this thing is way oversold and poised for a small rebound when nat gas stabilizes.

    Sentiment: Buy

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