I think AUY will really start shining in February after their next financial report. There are still scars about the huge write downs but I'm convinced next results will show that Yamana is a solid low cost producer, now with less dependence on high risk regions. If they can manage no write downs, a small profit and manage to keep the low dividend, I'm sure they'll start outperforming their peers. People are all over IAG at the moment but for how long?
Selling below 5$ is as risky as holding the stock at this point, from my point of view. Good luck with your move. I'm very tempted to trade my 10K shares but I promised myself not to sell any AUY until 2016. Many years ago I made a bunch of mistakes of a selling stocks that were at the bottom which exploded in the following months, so I'm going to stick to my guns even if it means seeing AUY below $3.50 again.
Thanks for the info votingmachine, for some reason I thought delisting was after one month of being under $1, but it's more complex than that.
Yeah that's why you are writing on Yahoo's forums from your yacht in the Pacific...
If you're going to short @ 1.54, you will have all my respect because it will take some balls. I could not sleep shorting a stock that's already been hammered so much.
It could be some insiders selling shares, some fund getting rid of a big chunk or shares over a few years, or any other reason no one can really know. But it doesn't really matter.
I agree with you with the part of about tax loss selling. I know tax loss selling is a real phenomenon, but the behaviour of TC's PPS can't be explained by tax loss selling. But anyway, beyond this point, I think Ultra has been right for many years about TC because beyond stock price, TC is doing much, much better than many peers in the industry. I follow dozens of mining stocks. I can tell you stories about many of them. The CEO of IAG has been selling assets at fire sale prices, and mismanaged the company's resources beyond understanding. PAL is going down soon after countless execution failures. Speaking of execution failures, I own MCP and I can tell you they seem to be experts at under delivering. Meanwhile, TC is relatively executing as planned. Their balance sheet is strengthening and MM is up and kicking. As a company, TC is doing better than I could have imagined. Why blame Ultra for a market meltdown that has nothing to do directly with TC? Look at companies like CDE that lost 75% of its value over the year, or AUY (which I own) that also lost 70%. What about TC management's execution don't you like and where does it contradict Ultra?
I'm willing to bet your wife that TC will jump 20% in the next five trading days... either in one single day or over the course of a few days. If you're smart you'll put your short thesis on hold and make some good money on the way up...
Well, just keep on being delusional about this theory of yours because although you *could* be right, it's still just a theory because this magic pattern of yours should apply to countless other stocks at the moment but doesn't. You've got great information on TC in general, I'm surprised by this amateurish behaviour of yours. It's funny you're calling manipulation "nuts" when your own theory sounds even more nuts when looking at the overall market at the moment.
This tax loss thing is pure nonsense. I'm watching dozens of stocks and many of them would be better candidates than TC for tax loss selling, yet most of them were up today. I'm long TC but this theory about tax loss selling is ridiculous. TC is being manipulated right now by algorithms and maybe some other players, there's no way to know for sure. My AUY went up 7% today, while my TC went down 3-4%. I expect TC to readjust itself in the next few trading days.
DGAZ up 30% since your amazing prediction. Keep on the good work!
Maybe I misunderstood his post, but he seems to be saying that racism is still prevalent in the US in a cynical way. I don't get why you see his post as racist.