Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its pipeline of exploration projects in Mexico and South America. The Company has a portfolio of approximately 30 exploration projects, including the El Quevar project in the Salta Province of northwestern Argentina and advanced stage drilling projects in Mexico and Peru. Back in August of 2010, the company announced an increase in silver reserves at the El Quevar project to 60 million ounces. Silver currently is being priced at more than $23/oz.
Silver is surging
Silver is in a serious bull market. See chart below:
Although silver has been priced lower in recently days, most believe the price will eventually move higher. The Chinese in particular are ultra concerned with inflation and are also hoarding precious metals and rare earth elements to help fuel their domestic growth. As a result, China is expected to reduce there silver exports by 40%. By a major player like China reducing the rest of the world's supply, the price of silver should inherently rise.
Low Float
After a recent private placement, Golden Minerals still only has about 15 million shares outstanding. Over 87% of the shares are owned by institutional holders or insiders. That is the one of the highest among publicly owned precious metal companies. That means only about 2 million shares are left to the retailers for trading purposes. In other words, it won't require much to move the stock higher.
Technicals
See below for AUMN chart:
As you can see, the stock first began its rise in September and has move up about 300% in the last two months. AUMN finally took a short breather during the 2nd week of October when the company announced a secondary offering. During the offering the Bollinger Bands tightened, which generally is a technical precursor for a significant move, at around $22/share. On Friday, Golden Minerals announced that the offering was over and the shares explode to $25 on solid volume signaling another technical breakout.
Huge price target increase
After the initial explosion of AUMN from $8 to $15 due to the surge in silver prices, the stock hit overdrive when a price target of $104 was given by the brokerage firm Dahlman Rose. With silver priced the way it is, the firm believes that AUMN deserves a billion dollar plus market cap to make it comparable to its peers. After the secondary offering, the target was later revised to $85. Even with AUMN currently at $25, the price target allows for plenty of upside. See link for the report. http://www.scribd.com/doc/38536240/DRCO-AUMN-CoNote-2010-10-01
Insiders are still buying
Some people would be hesitant to buy a stock that's already moved 200-300% so quickly. Well, the insiders of AUMN aren't one of them. During the company's secondary offering priced at $18.50 practically every significant insider in the company participated. The CEO, CFO, VP, Chief Geologist and Directors all took advantage of the opportunity to add to their share count. Also, AUMN's largest institutional holder added during the placement as well. If all of those guys feel confident about adding at these levels, I see no reason why a retail investor wouldn't be comfortable doing the same.
Conclusion
This stock maybe has more indicators for upward movement than I've ever seen. You've got a low float company with assets of the surging commodity silver, great technicals, a big price target, and insider buying. I haven't even mentioned the fact that low float big board stocks have been red hot of late (LIVE, RITT, etc.). Golden Minerals could be another one that gets pushed up by traders as well. The only thing that I see that could derail the upward movement of AUMN is if the price of silver does a temporary nosedive. I believe $40-$45 will come quickly. Golden Minerals Company (AUMN) is the perfect stock.
Thanks Card! Nice to see a big board pick. Sounds fantastic.
ReplyDeleteDo you see potential for a dip below $25 before heading higher? Curious: what do you think this sucker might hit by year end?
Frank, I think it's possible tomorrow, but all dips are being bought. The floor has basically been set at $18.50. I actually bought it the day they announced the secondary at $19.
ReplyDeleteLook out for hedge funds to push it hard in November. Most of them have their fiscal year end on Nov 30th and they like to make those final quarter numbers look good. AUMN is perfect for end of year window dressing because it doesn't take much for it to have 10-20% daily runs. I think $50-$60 is possible by year end.
Thanks Card. Doesn't look like I'll get my pull-back. LOL! AUMN looking pretty strong.
ReplyDeleteJust posting a comment to subscribe to the post.
ReplyDeleteGood luck with this one, Card and Frank.
Well maybe I will! It just dove below $26.
ReplyDeleteThanks Tim. You getting in?
I'll take a look when I get a chance, Frank. I will probably end up one of those people who are scared off by the monster run.
ReplyDeleteCard, I didn't even see this till now! I posted a comment to the old blog and wondered why you hadn't answered me? LOL
ReplyDeleteI posted the following:
Card, please tell me what you think of MLXO. Chart looks very good and level 2 is THIN after .012! It has already passed the 20 MA, 50 MA, and 200 MA days to weeks ago.
MLXO is also being promoted by a large Japanese group that claims it's going to .10 in 4 weeks! Actually Wowzastocks is saying that.
http://twitter.com/Wowzastocks
They have a pretty good track record of MULTI-baggers.
Also, NACF did pretty good today. How high do you think it will go and how long do you think the run will continue? Many thankks pal.
Frank, AUMN tanked with the rest of the market the last 15 minutes of trading. Looks like you might get your wish. The low float makes it pretty volatile.
ReplyDeleteP, MLXO's chart does look good, but 10 cents might be too aggressive a target. Since it's been up so many days in a row, I'd have a quick sell trigger with any weakness. I sold out of NACF today at 10 cents. After 4 up days in a row, my gut tells me that it may need a breather.
I'm in! Sounds like a no-brainer with this one. No going to wait for a dip and will gladly ride one out if it comes.
ReplyDeleteCard, I'm glad you were wrong about NACF! How high do you think it can go now? Should I hold out for the 50 MA at .12? Of course I'll sell if it starts to tank.
ReplyDeleteCard, did you get in MLXO like I said? Now you see why! Hope everyone else reading this blog got in too and there's still a lot more to go in the days and weeks ahead!
I didn't get any MLXO P.
ReplyDeleteLow floater TORM is really moving now.
MSLP getting a lot of buzz
ReplyDeletei, I've noticed the same thing with MSLP and have been following it.
ReplyDeleteI'm kicking myself this morning because my limit order at the open for NXPND didn't get filled. I could of had an easy double. I also can't believe I missed the breakout of PDGO the past few days. That was as obvious as they come.
Card, NACF looking very good! Great pick buddy! We hit .1295 and .15 is next on level 2! Don't you think we could hit .15 this week and 1.01 is next after that! The 52 wk. high is $10.50!!
ReplyDeleteThey started scoping on their Mississippi Biomass project that's due to bring in millions! Even .20 is possible by Monday you think?
P, you may want to consider selling 50-75% now and letting the rest ride. You've got at least a double. Don't risk it all.
ReplyDeleteYes Card, I did that my friend. Now I'm hoping we can knock off UBSS at .19 and then next up on level 2 is PUMA at .42!!
ReplyDeleteDon't you think .20 is possible this week for NACF and then .30 to .40 by next week? Anticipation is building for this big Biomass project plus the 52 week high is $10.50! NACF can go a LOT higher!
P, I'm sensing a temporary top with NACF at 19. The stock has had a slow walk-up and today was the top blow off move. Generally after that occurs, there is usually a sizable retrace before moving higher.
ReplyDeleteUPCO may have some potential. Almost all buys at the ask with breakout volume.
ReplyDeleteCard, UPCO level 2 looks fantastic! Only 2 MM and then .23! But the volume has totally stalled. With the news out at 9:15 A it's several hours old and there is no continual surge in volume so where do you expect the volume to come from?
ReplyDeleteP, I figured that if it closes over 8 cents, technical buyers will be all over it tomorrow since the chart would indicate a breakout on about 40 times the average volume.
ReplyDeleteCard, I'm not trying to be funny here, but is the appropriate play to put a buy order in just before close hoping to ensure a close above 8 cents? I imagine if it does close above 8 and technical buyers are all over it tomorrow that getting a decent price at the open would be difficult.
ReplyDeleteThis play would attempt to ensure the run tomorrow and also get one in at a good price.
Card and Tim, I got some UPCO shares at .075.
ReplyDeleteWouldn't you say I'm in good shape?
Level 2 has .145 next and then .23 after that!!
Tim, what you have suggested is exactly what a lot of "groups" do to pump up their plays. They'll get together and if necessary, take one for the team by buying high at the end of the day to ensure the chart stays nice and pretty. Right now the stock is sitting at .075 (a tiny bidwhack took it down), but the bid/ask is .075 x .08. It technically won't be a breakout unless it closes above .08 so any manipulation attempted is still at the mercy of the MM's bid/ask unless the buying volume is substantial.
ReplyDeleteYou're really now starting to think like an advanced trader, which is awesome. They call it painting the tape.
Pretty amazing range swings with AUMN.
ReplyDeleteFrank, I was thinking the same thing. 10-15% intraday swings for a stock in the 20's is almost unheard of. It almost trades likes a pinksheet stock. AUMN is definitely a strong little sucker though. I guess today was really the day to get in. Sorry about that.
ReplyDeleteP, your .075's are starting to look good already.
Hey, no problem Card. I'm quite positive I'm going to make money on this one! Congrats on your substantial gains thus far.
ReplyDeleteStill holding SSN? I'm holding till at least May so I can sell for fewer taxes. It is still my major holding. I think the next level up will come when new investors get some Niobrara oil patch news to confirm their hopes in that area.
Frank, I actually sold my SSN because I wanted to keep my small gain. I didn't get in as early as you. I still have my eye on it though just in case it starts another uptrend.
ReplyDeleteRITT might hit 10 bucks today. Low floater, chart showing a breakout again after consolidation and good pre-market volume.
Card, what are your thoughts on UPCO? I didn't expect it to have no volume like this but after the fair surge we had at close yesterday plus what you said of a technical breakout I thought we'd gap or at least have a nice first half hour.
ReplyDeleteHow long do you suggest holding it and what do you expect?
P, I think it's way too early to give up on UPCO. I wasn't expecting a gap. I'm going to at least give it the entire day and then decide what I'll do based on what I see. What I see determines my expectations.
ReplyDeleteCard, ELTK is another low floater big board stock that could really move and as you know there have been several lately. It's only in the $1.20s.
ReplyDeleteIt only has a float of 5.92 million and OS of 6.6 million. What do you think?
P, it might be worth taking a flyer on it. Low floaters are red hot!
ReplyDeleteI'm not going to say that ELC is perfect, but it is the lowest float stock of all the big board stocks that hasn't had a major run. It also has pretty good looking technicals. I wouldn't be surprised one bit if it doubles at some point in the next 2 weeks. The way these low floaters are running some trading group/ hedge fund is going to target it eventually. It's a risky play do to its lack of liquidity, but it may be worth the gamble for a limited number of shares.
ReplyDeletehttp://www.lowfloat.com/
Card, what do you think of ELTK? You think it could reach 2 bucks and you think it would be safe to hold overnight? Thanks pal
ReplyDeleteHi Card, you still think $10 for RITT possible?
ReplyDeleteliverpool65, I think $10 is still possible for RITT. It's in one those low volume, mid-day, sagging/consolidating patterns. It all depends on if you get that late day volume surge. It'll probably dip below $7 briefly, bounce back and then some big money player will have to decide if they want to push it higher.
ReplyDeleteP, I wouldn't feel safe holding any super low floater overnight if it's already had a run. I'm not sure where ELTK goes.
Card, appreciate your opinions. Looks like you're right again. Cheers
ReplyDeleteAUMN taking off!
ReplyDeleteP, are you still holding some NACF? It's still rollin'.
ReplyDeleteCard, it looks like we should've held NACF. I got scared yesterday when it dipped all the way down to .13 so I sold just before that.
ReplyDeleteDon't you think there's a good chance ELTK will gap up tomorrow AM? I really need to save a day trade and when stocks show a lot of momo like this they almost always gap up in the AM.
That's a risky proposition P. It may work out, but rolling the dice with a late day mover like LOCN may reap a larger reward vs the risk.
ReplyDeleteCard, what happened to the comment I left??
ReplyDeleteHow high do you think LOCN will go?? It's a reverse merger play and some say as high as 10 cents! I got in on a pullback. I didn't get in yesterday since it really seemed to crashed EOD when it was over a penny and then went all the back to .0085 but I obviously I should've!
We really should've held NACF!
LOCN is anybody's guess now. I bought it yesterday at .007 (only about a 150 bucks worth though) and had a limit sell at 5 cents. Unfortunately, it didn't get that high and I ended up selling at 3 cents. Not quite what I wanted, but I'll take it.
ReplyDeleteI know what you mean about NACF, but it's finally tanking now.
P, I bought back in to LOCN. I think I like the risk reward here as the buzz grows especially since it was hinted in one of the filings that they will release an 8-K. Hopefully, that will occur either after the market closes today or in the pre-market on Monday.
ReplyDeleteGood move Card. I'd bet anything LOCN hits at least .05 at some point even if it is Monday. Since the float is only 9.5 million don't you think .10 is within the realm of possibility?
ReplyDeleteI just wish SO MUCH I bought when you mentioned yesterday but the last 10 minutes or so it crashed fairly hard and I was scared it tank up opening! But I should've know that when a stock explodes the last hour of trading that's a VERY strong sign it will keep moving up the next day!
Card, here is a link to the 10K filed yesterday by LOCN.
ReplyDeletehttp://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7521186
Can you please tell me what you think of #10? It says the company may plan to issue more shares in a merger or acquisition which will result in dilution.
But OBVIOUSLY that will be far down the line and we'll be long gone from LOCN, right? Also people read the 10K yesterday and that wasn't an issue since the stock exploded.
Also with ANY reverse merger there is a potential for dilution yet they basically the best penny play out there!
Card, how did you find LOCN yesterday?
ReplyDeleteLFBG should rock Monday with that chart and news.
ReplyDeletearoramax, I found LOCN scanning message boards. I actually hesitated on it for about 20 minutes before I just decided to just buy it.
ReplyDeleteAnybody just a little concerned that the stock market may "sell the news" after next week's elections? I think it has been on this long rally due to QE and the apparent comming revolt in the elections. I'm guessing the market may either drop after the assumption comes true, or it may go up a little more and then sell off for profits. I wonder how this would affect AUMN? I feel safe holding SSN long since the Niobrara shale play will trump whatever the market is doing.
ReplyDeletehttp://www.aapg.org/explorer/2010/11nov/niobrara1110.cfm
Frank, if the elections have any effect it would be the big boards that are mostly affected not pennies.
ReplyDeleteSome pennies may see some affect but not overall. That's the way it's basically always been.
P, I know.LOL! That's why I mentioned AUMN.
ReplyDeleteFrank, if the market drops after the election, it'll probably just be temporary because the market generally rallies in November and December.
ReplyDeleteI'm really kicking myself with CPMCF. I've been watching it since 9 cents, but figured it would have tanked long before now. Boy was I wrong!
Card, did you get out of LOCN? It hit 8.5 cents. I sold at 6 and obviously I regret that BUT I did get a doubler out of. I'm just sick and tired of losing out profit when stocks tank so I chose NOT to be greedy and cashed out.
ReplyDeleteI also got out of SAEIE with a 50% profit. But with all the heavy losses I've taken in the past 2 months I still need several winners to compensate.
What do you recommend buddy?
P, I'm still in LOCN, but I don't know for how much longer. If I were you, I'd just wait for the next train.
ReplyDeleteGood idea Card. What do you think of IIIIU? It's a low floater that has 30X average volume!
ReplyDeleteYou think it can reach the high of day of 7 bucks again today? They usually do or come close! It's pulled back all the way to the 3 buck range!
What do you think?
Hey Frank,
ReplyDeleteYou mentioned you are holding SSN until May. I am also still holding (however I am kicking myself for not sticking to my sell order at $1.40). Is there any reason your picking May? This company has shown me nothing but positivity but the stock doesn't seem to want to translate this. If you have any insight on SSN, it would awesome if you could share it here.
I saw your post about LOCN after 4pm :( so saddddd... subscribing now heh (btw this is i)
ReplyDeleteHi Elias,
ReplyDeleteI got heavily into SSN back in March and was very lucky trading it during the first few months. I accumulated so many shares that I stopped trading it in May to hold it for over a year to pay fewer taxes since I am totally convinced that SSN is going MUCH, MUCH higher next year and beyond. (Multi-bagger from here for sure.) So that's why I am holding till AT LEAST May.
I think most of us were surprised at the dominant sell-the-news mentality that prevailed right after the major milestone of getting the 79 million came. A very large number of investors were happy to just get out since then. I am loving the consolidation and have no doubt we go much higher. Heck, SSN is trading today at or below CASH value.
The next batch of investors is betting on the Niobrara oil patch and it is extremely attractive. Read all the news about companies betting big bucks. I think it is more than possible that SSN could even go over $5 next year.
Once the period of confidential status on some Niobrara wells is lifted (like CHK's), I think we will start to get a stampede of new investors to drive the price up.
I agree that the potential of this stock far outweighs the risks. The current trend is closely mirroring what happened from late April to late June. Only difference now is that there is no $80 million coming. If you're $5 prediction comes anywhere close next year I will be satisfied! Thanks for the info.
ReplyDeleteDoes anyone have any update for SLPT? Im still holding.. I have seen news about BORNEO ENERGY USA, INC tied to Solopoint, but nothing really has come out..
ReplyDeletethanks.
Ryanpass, there's still nothing on SLPT. At least 2 cents appears to be the bottom. However, if that doesn't hold, I'd bail. I lost patience with it and moved on.
ReplyDeleteTOVC is ridiculous. Up 12 straight days.
ReplyDeleteWow, Card you were very correct on UPCO! I got in the .07s but unfortunately I sold since I didn't see it doing anything the next day but go down. If I had held I would up over 50%!
ReplyDeleteCan you please answer my e-mail?
Thanks pal
What do you guys think of cype and ygdc?
ReplyDeleteThe Speculative Bio-Tech Investor, I'm hesitant of CYPE. It could go higher, but it's risky after two big up days. YGDC is riding the gold wave. If gold is still up tomorrow and you see some early morning strength, it might not be to bad of a gamble IMO.
ReplyDeleteI'm not much of a shorter, but you could make a killing the next couple of days shorting "weed" stocks now that Prop 19 didn't pass. Unfortunately, there is no Marijuana Bear 3X ETF.
ReplyDeleteBut Card aren't almost all marijuana stocks pinkies and you can't short those. Stocks like GRNH, CBIS, HESG, etc. are pinks.
ReplyDeleteWhat big board marijuana stocks are you speaking of that can be shorted?
P, you can short pinkies. That fact that you can't is a myth. You just have to have the right broker to do it.
ReplyDeleteUPCO opened at 21 cents today. Crazy!
The Speculative Bio-Tech Investor, it looks like I was wrong about CYPE.
ReplyDeleteYes Card but you must have a proprietary account. I have TDA and you can't do it and you have BOA/Merril Lynch but I called them and you can't do it with them either.
ReplyDeleteYou don't short pinkies right because you've never mentioned it before?
No, I don't short P. Small timer like me can't short with the big boy brokers. You have to use the smaller ones like Sogo and Speedtrader. That's why most really serious traders have multiple brokerage accounts. I've been considering using Speedtrader for sometime now, but I just haven't pulled the trigger on it yet. From what I've read they really give you an edge if you like trading pennies.
ReplyDeleteSHARD looks really good to me. Only 8 million OS.
P, your LOCN .06's are looking pretty good right now.
ReplyDeleteCard, when did you sell LOCN or are you still in or did you buy back? I sold it yesterday but then bought back at .05 then sold today at .085 when I saw the bid weakening. 70% in a day would normally be a good profit but NOT here!
ReplyDeleteI know you have posted the AGONY of when you sell to early and that is EXACTLY how I feel! I'm banging by head on the wall for selling! Do you think LOCN will dip below .10 again? Hopefully it does and I can scoop some up.
AAAAAAAAAAAAGH!
P, I got out of LOCN on Monday. The $150 I spent when I first bought it would be worth three grand right now if I had held. However, you can never be too upset about making a profit.
ReplyDeleteIt appears than LOCN should be bought on all major weakness until the official news of the merger comes out. It might be best to look for early morning 30-40% dips as buying opportunities.
something def. around the corner for CYPE.
ReplyDeleteStumbled upon this a moment ago. Do you still think this to be true?
DeleteCard, what a FANTASTIC call on UPCO. I got in at .075 but sold the next day since it actually went down so I sold for a small loss but if I held it would've been a TRIPLER!!
ReplyDeleteI hope you are right on LOCN and we'll see a nice dip tomorrow since getting some LOCN at .10 or less is sure fire winner don't you think? Even if you got in at .12 or so with the high of .18 today.
Hey Card,
ReplyDeleteLiking AUMN so far.
How is it acting this past week compared to the weeks that you have had it?
Thanks.
Based on the charts LOCN could probably hit 8-9 cents at some point. Those would be some nice shares to scoop.
ReplyDeleteKeep an eye on VTPI. It's got a suspicious looking chart (particularly the 5-day). It has less than 1 million shares outstanding.
Check out the massive upswing on WCRS.. UpChing!
ReplyDeleteAUMN report out....
ReplyDeletehttp://www.marketwatch.com/story/golden-minerals-reports-third-quarter-2010-2010-11-03?reflink=MW_news_stmp
Frank, AUMN has always been very volatile. I think many people like to trade it (long and short) during the day because of the 5%-20% daily swings. As long as it keeps making higher lows, it should be golden. Silver keeps making news highs and is up like 5% today. Strangely, when silver spikes, AUMN doesn't generally go up the same day. However, it always catches up within a day or two. As I've said before, I'm expecting some serious pops during the 2nd and 3rd week of November. I think the quarterly report is much to do about nothing. With these kind of companies, it's all about the value of the assets in the ground.
ReplyDeleteThe Speculative Bio-Tech Investor (from now on I'll call you TSBTI), I missed the dip yesterday on WCRS. It does look good. We'll see if it's just a one day wonder.
What do you think about SENZ.. reversing?
ReplyDeletePhase, I looked at SENZ earlier thinking the same as you. I had a bid at .025 on the bounce, but it never got filled. It's definitely worth following though.
ReplyDeleteI don't know what's driving WRIT other than technicals and momo, but it could have a big afternoon. I got a little at .003 just in case. We'll see what happens.
SNVP is dipping before close.. may be worth getting a small stake.
ReplyDeleteDoes anybody think the FGBF news released is legit? It was PR'd after hours, but was originally annouced yesterday. I picked up some just before the close today just in case.
ReplyDelete$6 a share?? wow.. sounds to good to be true.. website is in development -- no real details on the assets but then again that's what you get these OTC securities.. Whether it's real or untrue, this looks poised for a major pop tomorrow.. Can't wait to see in the pre-market.
ReplyDeleteSuch a strange and cult-like PR release for FGBF..
ReplyDeletehttp://www.worldcorporateassets.com/News.html
AERL looks really good. There probably won't be much selling until after it hits $10-$11.
ReplyDeleteShorts look to giving AUMN jet fuel this morning.
ReplyDeleteCBKN looks like an interesting financial play.
P, you were right about IIIIU.
ReplyDeleteThanks Card but I've been waiting to hear your analysis on UPCO. I got in at .075 when you mentioned the technical breakout but unfortunately it was down the next day so I sold to hop on the next train.
ReplyDeleteYet the next week it went all the way to .21! Did the bid hit .20? But just like SLPT I would've expected the momo to continue and wouldn't have sold then it fell to around .15 and I would've had to settle for that BUT it's still a doubler! Great call! Although it was more delayed than your usual calls.
P, when a stock like UPCO opens with a gap that big, it's an automatic sell at that point. I don't know what the bid/ask was. To be honest, I haven't followed it much since. I don't expect it to get anywhere close to that level again any time soon.
ReplyDeleteI knew VTPI was suspicious. It's up almost 300% from when I mentioned it here on Wednesday.
ReplyDeleteMan, I almost bought PNXE 3 times on Thursday in the 35-40 cents range, but for some reason, I didn't do it. Then, it hits $4 this morning :(
ReplyDeleteCard, TRDY is a shell that was recently sold. It looks like it could have a lot of potential. Has pulled back to .002s after going as high as .01!
ReplyDeleteWhat do you think?
What do you guys think of TAON?
ReplyDeleteTSBTI, TAON does set up well. It looks to be worth the gamble as well as does TRDY P.
ReplyDeleteCard, I thought you called LFBG but I must've seen it somewhere else. That's about the easiest 50% you could make. They started marketing their games on Friday at certain retailers and they are up over 50% on Monday! Unfortunatetly I didn't get in.
ReplyDeleteIf someone got in at .004 a week ago they would've cashed in over a 100%!
anyone get in DGRI today? i tried getting in at the open but it just kept climbing.. finally got in at .029 ..got scared and sold at .033. I made some gas money lol
ReplyDeleteTake a look at BVX. They just filed a 510k app.. chart looks good.. and only 17.7M outstanding shares.
Card, hope you got TAON! closed at .03!
ReplyDeleteSBTI, where did you find TAON?? That's a FANTASTIC call!!
ReplyDeletePhase, I've been watching DGRI since it was $0.015 and didn't buy it because I thought I was getting in too late. Bonehead move on my part for never pulling the trigger.
ReplyDeleteTSBTI, wasn't able to trade this afternoon so I missed out on TAON. I don't like to hold short term trades when I can't follow it the entire trading day.
Card, take a look at the articles linked in this discussion thread below. Sounds like more fuel to make AUMN explode!
ReplyDeletehttp://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=107007&tid=455&mid=455&tof=4&frt=2
Frank, it's sort of frustrating to watch silver knock on the door of $30, see other silver stocks rising daily, and AUMN sort of lag behind. However, it's still soundly in an uptrend and this is the kind of stock that can make a 20% move in a 3 or 4 hours. I think we'll see the 30's soon enough.
ReplyDeleteHi Card, what are your thoughts on CBKN?
ReplyDeleteliverpool65, I initially really like CBKN, but it looks like some of its momo has faded. It could still pop again, but there are better plays right now IMO.
ReplyDeleteFor the penny players, TRDY and DANR could be monsters today.
Guys, time to check into INLS -- they have a report coming out on their alzheimer's drug trial in Dec. Safety profile was perfect. It's already inching up and will prob. more than double in value by Dec.
ReplyDeleteGuys, check that, I meant to say ILNS..
ReplyDeletemissed out on BVX.. told u guys yesterday!
ReplyDeleteP, I'm assuming you bought TRDY. What was the share price of your first buy? I got it yesterday at .0022.
ReplyDeleteAGCZ looks like an easy money buy here at 2 cents with that 6 month chart breakout.
ReplyDeleteCard, I hope you got in TRDY. It could REALLY be a monster. There is report of them merging with an Oil/Gas company and if it's true people have stated it could go as high as .50!!
ReplyDeleteOf course that's hyperbole but you get the idea!
Card, what's your take on today's AUMN action? Follows the market obviously. Volume was much, much more than average. I'm hoping that is a GOOD thing as in people are getting in at the discount price.
ReplyDeleteIt looked like there was a bear raid on precious metals and oil as they all tanked quickly today. That could signal a temporary downward trend in commodities the next few days. There's a lot selling and shorting in AUMN right now. The down side of the low floaters is that they can also become a target of shorter selling if the buying subsides. $24 is my key number. If that doesn't hold, I may have to lock in my profits and wait until the buyers come back and the shorters have moved on.
ReplyDeleteThanks Card. Don't blame you for stepping out for a little while to trade the swings (if you do) since you got in at $19.
ReplyDeleteI'm going to ride it out. Heck we swung down to $23 something just a few days ago.
GRYE could have a nice breakout today.
ReplyDeletePeople seem to be believing the SPPH buyout PR. It's amazing how things vary from stock to stock.
ReplyDeleteCard, don't you feel GRYE will come back and test .05 again?
ReplyDeleteAlso what do you think of the FDA play HNAB? It could explode tomorrow with the conference call. L2 is pretty thin with a fairly low float.
P, after watching the stock this morning, I'm wondering if GRYE is diluting. The morning gap up killed a lot of the momentum, but it may return.
ReplyDeleteI really like MMOG right now. In the next week or two, I'm looking for it to maybe make a parabolic move to the $1.50 - $2.00 range as it "speeds up". The chart is just too suspicious looking.
check out FLTT.. part of the Deloitte fast tech 50.. has a nice PR out today..
ReplyDeleteFLTT and MMOG both look pretty great.
ReplyDeleteI agree Tim and TSBTI. FLTT hitting at least a penny sometime within the next 2 days looks to be almost a done deal.
ReplyDeleteAnd Card, pushing through a penny would be breakout time, no?
ReplyDeleteTim, FLTT's 3-month high is $.013. So, it would technically have to push beyond that number to really be a legit breakout.
ReplyDeleteMy order was filled. Good luck to the rest of you who are in FLTT as well.
ReplyDeleteFLTT will have a monster run within the next few weeks..
ReplyDeleteSBTI, why do you say that? FLTT's news is nice but not exactly earth-shattering. How do you see a MONSTER run coming??
ReplyDeleteCard, I asked you about the FDA play HNAB? They just finished Phase II results for their anti-cancer drug and are starting the NDA application process. They're having a conference call tomorrow and people are looking for around a dollar.
ReplyDeleteWhat do you think?
P, HNAB has had a nice run, but it is always risky to hold a stock (particularly a penny stock) that is running up into earnings. It's too risky for me, but it might work out for you.
ReplyDeleteAnybody looking at AGEEF on the pinks related to AUMN?
ReplyDeleteHopefully we are leaving the $25s for good soon in AUMN.
Frank, I'll have to check out AGEEF.
ReplyDeleteABL is under the radar. Awesome earnings report. I think it'll hit $8 by Monday.
just watching UNVC all morning blowing it up.
ReplyDeleteWell, FLTT turned out to be a turd. I've lowered my expectations quite a bit.
ReplyDeleteCard, why did you think FLTT was heading towards .01 in a couple days??
ReplyDeleteCheck out OPTZ -- late day breaker..
ReplyDeleteHope some of you got OPTZ.. since I posted it went up even more..
ReplyDeletebtw, P, I think FLTT is in for some pretty good gains. This one I'd say is def. a keeper. They are generating some pretty nice revenues approx. 34M I believe and were identified by Deloitte recently as a rapidly growing telecom firm.. They aren't another fly by the dark penny stock company. That's my two cents.
LOL! Are Card and I the only ones that got into AUMN? Am I the only one left? :)
ReplyDelete(Card, I guess you "locked in your profits" at above $24?)
Card, would you still hold SPPH? It reached .64 today and with the buyout offer of .97 isn't it quite possible it could go higher?
ReplyDeleteI already sold a little over half my shares at about 20% profit when my limit order went through when I was not online.
You feel it's still good to hold for the rest of the week or just a few more days or not at all?
Yeah Frank, I've locked in profits on AUMN and am waiting for it to confirm an uptrend again.
ReplyDeleteP, I personally wouldn't bother holding SPPH any longer. I think there are or will be better options out there for your money. I recently jumped back in to TRDY on the dip after locking in some profits on its first run. I'm hoping for a move to 2 cents if it can get some more momo in the next few days.
I've found 3 absolutely perfect charts. Be on the look out for a post on them in the next couple of days.
Card, I'm down pretty big on GRYE. I didn't get a chance to get out on Friday so at least the bleeding has stopped and I'm hoping for a rebound. It is up slightly today.
ReplyDeleteIt has broken the 20 MA, 50 MA, and 200 MA which is good and the RSI has levelled off around 50 after being down the end of last week and the Wm%R is starting to turn up again.
If there was dilution at the end of last week it's over now. Don't you think GRYE could come back this week?
The weak hands seem to be out.
P, GRYE may come back, but I got out last week. I just didn't trust it and cut my losses.
ReplyDeleteWHEN looks good.
ReplyDeleteSome think that SLV has to close its gap at $24.25 before AUMN can resume its climb.
ReplyDeleteCard, im looking forward to your new pick(s) ... Check out HSCO, had a monster day today and judging by its chart it has more room to run?
ReplyDeleteRODM just gave AUMN a $50 target.
ReplyDeleteToday’s most accurate tip for stock
ReplyDeleteBUY HINDALCO 120 PUT ABOVE 3.10 TG- 3.60/4.40/5.50 SL- 1.90
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