Whats gonna happen to the miners? Is this dip going to affect shares?

Discussion in 'Stocks & Derivatives' started by thatguy, Apr 13, 2013.

  1. southerncross

    southerncross Well-Known Member Silver Stacker

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    All in your mind
    I will be like a kid in a lolly shop with a handfull of coupons, sold out of a couple of the above recently so have a little powder I am trying to add to at the moment , any suggestions apart from those already mentioned ?
    I'm liking the look of BGS still and have been adding on the drops,as well as KDR anyone else buying these ?
     
  2. Stackman

    Stackman Member Silver Stacker

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    Time to try out some of SilverSanchez's patented "stink bids"(TM). :cool:
     
  3. hihosilver

    hihosilver New Member

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    :lol:
     
  4. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Base metals were hit also on friday, but nowhere near as bad as PM's, and the ASX futures were down 23 points. Might see some follow through on that Monday morning so I might be shorting the general index also. That one I can trade earlier than market open so might be a better option. Nothing drastic, just a 3-4 contracts at most.
     
  5. J-Money

    J-Money New Member

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    Considering the way the sector has reacted over the last few months whenever spot drops more than 2%...Monday's going to be brutal. Think the majority will be more in the 8-10% area ><
     
  6. Peter

    Peter Well-Known Member

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    I am tempted to put in lowball offers, and if accepted get out quickly when a small profit appears or if it doesn't.
     
  7. Lord_Dudley

    Lord_Dudley Active Member Silver Stacker

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    +1. Will offer the 52week low price for ALk and CCU. See if anyone bites.
     
  8. thatguy

    thatguy Active Member

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    crap had to cover margin and missed it :( got some nice silver shorts in though
     
  9. Phiber

    Phiber Active Member Silver Stacker

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    Bloodbath.... Man SLR down 17%... What a hit :/
     
  10. thatguy

    thatguy Active Member

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    reed down 17% aswell
     
  11. SilverSanchez

    SilverSanchez Active Member

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    I 'freed up' about $15k at open

    Ill be looking to buy the bottom
     
  12. SilverSanchez

    SilverSanchez Active Member

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    My 'best value' picks would be

    Regis (RRL)
    Kingsgate (KCN)
    Troy/Azimuth (TRY/AZH)
    Beadel (BDR)
    SilverLake (SLR)
    Evolution (EVN)
    Newcrest (NCM)
    NorthernStar (NST)

    No particular order and I have numbers in mind - we'll see who is down to crazy levels
     
  13. trew

    trew Active Member Silver Stacker

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    I put in an order for NCM below $17 just for a joke, now I'm thinking it might actually get there !
     
  14. finicky

    finicky Well-Known Member Silver Stacker

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    Any bid for NCM is a joke
     
  15. SilverSanchez

    SilverSanchez Active Member

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    So if it gets to $1 - you wont buy any.

    Hyperbol is so stupid!

    Skaffold says NCM @ $1 is a buy - follow your master ;)
     
  16. finicky

    finicky Well-Known Member Silver Stacker

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    sic

    Somehow you're always right.
     
  17. glam

    glam Member

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    After considerable thought, I'm not going to touch NCM any time soon, at any price.

    They have too much debt, and keep on missing their targets. They are unhedged, which is fine if in a rising gold price market, but it seems the gold price is falling....

    It just concerns me that if a company this size can't make any money and is loaded up on debt, it does not matter how many 'ounces in the ground' they have.......they have been mismanaged and I see better value in some mid-cap profitable producers.

    Maybe I will change my mind in future, but steering clear for now.
     
  18. glam

    glam Member

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    OK, bad choice of words on my part. They do make money, but with decreasing revenue and profits, and now a decreasing gold price I cannot justify the current valuation. It will need to become more attractive before I get tempted, and I suspect it will.
     
  19. shano73

    shano73 Member

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    Well I thought there would of been more blood on the sidewalk today, but only ended up with a bloodied nose......better fix it with a tissue up me nose :)

    Some of the stocks weathered the storm quite well......for today that is lol
     
  20. SilverSanchez

    SilverSanchez Active Member

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    blood will come by wed - i suspect
     

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