Trading thoughts?....

I added heavily to my SLW position @ 15.30CDN.

I have been trading SLW aggressively as of late.

in my previous threads... i questioned silver dipping. first i sold near the high. i added physical at 17 (18 w/ premium) to ease my greed factor on the last dip - i had mentally guessed it was going lower and didnt go all in.

my next buy in point is probably 15 now that my greed has been abated. if i am to be lucky i would go all in at 12.

i dont particularly believe the possibility of see 21 again for maybe 1 or 2 years out. my reasons for buying is partially not related to investment/making a quick buck short term.

Bought another 100,000 PCM today.

sigh. can you give me a chance bull? you and studbrk keep taking my bid.

so close and yet so far

mshen11 wrote:

sigh. can you give me a chance bull? you and studbrk keep taking my bid.

so close and yet so far

Sorry about that, but .08c is just outrageously cheap; I can't help myself.

I know I have a huge position, but Empey has 10 million shares, so I feel pretty good about it.

mshen, you may have to raise your bid by half a penny. I still have to buy more for family accounts.

Went long GRG.v this morning...not a big amount, just enough to be in the game.

youre such a tease. ill let you have your fill... your pocket cant be infinite....


right?

plus im on OTCBB itll be much larger than a penny to get the fill

mshen11 wrote:

youre such a tease. ill let you have your fill... your pocket cant be infinite....


right?

plus im on OTCBB itll be much larger than a penny to get the fill

I will have to sell a little if we spike up. Though my pockets are not that deep, I will always be a buyer in this range.

im still wondering: my initial concern was a ceilling/cap at .10 due to heavy dilution fo PP. this was way back when it was first mentioned. ive been more right than wrong so far - every spike above .10 gets batted down.

youve been very open about taking profit (aka, knocking down the price). do you still really think this puppy will be much higher (your projects was almost $1... id be happy with stability at a quarter).

us americans cant be very agile w/ this stock (dobule whammy of OTCBB spread and commision) - hence the cautiousness.

With dilution comes a lot cash. Empey say for sure enough to bring Ryan Lake into production.

I keep $1.00 as my long term target, but it may take some time.

My first priority is capital preservation; I think I've got that covered with PCM.

For US investors...maybe put an automated sell in. Try to capture major volatility tt the upside...small moves, not so much.

Well, I did not go long on PM stock. On the other hand, I have been trading puts and closed out my position every day or 2. Made a few US dollar for my next small purchase.

PCM is cheap. But I have a boat load already. I may buy some more if it dips below 8 cents again. I got some more shares a while ago at 8 cents. I cant believe my luck!! I missed my 7.5 cents purchase. Someone beat me to it.

GDX is getting very close to the 200dma line. Would it bounce? That is, is PM stock going to rally soon?

http://stockcharts.com/h-sc/ui?s=GDX&p=D&b=5&g=0&id=p15836130513&a=134248290

Bought a small amount of grg @ .70 yesterday.

Bought twice as much @ .60 today.

Looking for more at a lower price.

The SLW I bought @ 15.30 is doing great! Man, she cooks!

If I don't have controlling shares in PUM.v yet, I must be getting close!

one reason why i am so reluctant these past few quarters to buy stocks mentioned on JH site - including PUM is the herd mentality.

i know a lot of people are piled in (at a loss) - sooner or later they will get pissed off and sell. TA is about "predicting" such herd mentality but this is so narrowly focus i think TA fails totally and utterly.

mshen11 wrote:

one reason why i am so reluctant these past few quarters to buy stocks mentioned on JH site - including PUM is the herd mentality.

I know what you're saying. I sold PUM.v back when it seemed like everyone piled in. When shelby says "I'm not selling this stock until it hits so-n-so!", thats when I know it is time to bail.

PUM.v is cheaper now than when I first bought, and I liked it back then.

I know PUM.v much better now, and I think most on the Hommel forum already sold, so I feel good about holding it here.

..........same thing applies to GRG.

I sold it when they came out with the news release.
I sold it at .91
I had a sneaking suspicion that no matter what good news
comes out on most mining companies, it will drift lower again.

I can buy back now at a much lower price if I want to.

Cheers

Bought a little GGC for a quick trade.

I think there is a chance we just got our double bottom.

Bought some PEZ.v today under $2.05

Looking for this to be a shorterm double bottom.

bull wrote:

Bought some PEZ.v today under $2.05

Looking for this to be a shorterm double bottom.

Good call...I bought a few thousand at US2.35 yesterday. (The crappy drills are not their main property!)

studbkr wrote:

bull wrote:

Bought some PEZ.v today under $2.05

Looking for this to be a shorterm double bottom.

Good call...I bought a few thousand at US2.35 yesterday. (The crappy drills are not their main property!)

I'm way out of date on their drill program. I have been meaning to study the results, but I always seem so short on time for everything.

Anyway, they already have what they need to be a "take-out candidate", so I'm confident!

Having Gary Freeman in control lets me sleep at night, which is always good.

I pulled the trigger big time on PEZ @ $1.80!

Personal account as well as family & friends.

Just got more at US1.77 as a short-term trade. I'm smelling some hedge funds or other institutions needing cash. I think we will see more of this during the summer...are you able to see the TSX ticker and see the seller names and the size of their trades?

studbkr wrote:

Just got more at US1.77 as a short-term trade. I'm smelling some hedge funds or other institutions needing cash. I think we will see more of this during the summer...are you able to see the TSX ticker and see the seller names and the size of their trades?

Looks more like a classic bear raid to me.

TD came out of the gate just hammering the sell button. For the last hour or so they have been buying steady, while retail is bailing.

If you refreash this page every couple of minutes, you can get a pretty good picture on the market (scroll to bottom of pagein the link).

http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Market=T&ref=quickquote&Language=en&QuoteSymbol_1=pez

I started buying hand over fist when I saw Canaccord Capital chomp on a big block @ $1.80. They have been buying ever since, too.

Retail buying is coming into play now!

PEZ will bounce back nicely, I believe!