I had to sell a lot to replace my computer/pay for school so I am back down to my hecla stocks. Hecla is about 15 cents off from where I bought it at but it went through a pretty massice contraction a few weeks after I bought it.
With my next paycehck I am buying 10oz of silver, looks like there is some mininuplation in the silver market and I want to get in before all of that is exposed.[/quote]
Okay I’ll bite, why Hecla? Fundamentally its a quite poorly run comapny and has been for a long time. A lot like Alcoa interestingly enough.
[quote]on edge wrote:
“Moving sideways”, “no direction”, “appears to be stalling” and more. What the heck are you guys looking at? Just look and the fucking S&P 500 and you will see the direction as clear as day. The direction is a smooth upward climb. Don’t bet against that until it breaks.
[/quote]
I see your point. What would be your definition of “breaks?” Should it move 5% down?
If you look at a year you are correct, but the past couple of weeks we have been moving side ways. It seems to be rolling over. This is my opinion only.
[/quote]
It would depend on how long I was planning to hold. If I was thinking short term, I’d pull out a ruler and draw a line connecting all the little lows over the past month. I’d be a buyer as prices dropped down to meet that lower trend line. If they continue to fall through I consider that a “break” and I’d get out. I see that as too high a probability prices will keep falling. Btw, I’d use a shorter term chart to draw that.
If I’m thinking longer term I will draw a line connecting the two major lows of the past year. The one occurring in July and the one in February. Again, as prices approach this lower trend line I’m a buyer and again if they fall through, that’s a “break”. I wouldn’t have much conviction about the short term break but one through the longer term trend channel would be VERY significant.
[quote]JoeGood wrote:
Okay I’ll bite, why Hecla? Fundamentally its a quite poorly run comapny and has been for a long time. A lot like Alcoa interestingly enough.[/quote]
Looks like earnings are coming in high for the most part. The market flutters about Greece and Spain aside I still believe as I said before that fighting this up market until earnings season is over is a mistake and I’m going to stick to it.
Wouldn’t hurt to keep tight stops on your stocks though.
[quote]JoeGood wrote:
Looks like earnings are coming in high for the most part. The market flutters about Greece and Spain aside I still believe as I said before that fighting this up market until earnings season is over is a mistake and I’m going to stick to it.
Wouldn’t hurt to keep tight stops on your stocks though.[/quote]
Good Call. I agree. I personally have not purchased new stocks, but have let my purchases run. I have been putting new money in to Precious Metals.
[quote]on edge wrote:
“Moving sideways”, “no direction”, “appears to be stalling” and more. What the heck are you guys looking at? Just look and the fucking S&P 500 and you will see the direction as clear as day. The direction is a smooth upward climb. Don’t bet against that until it breaks.
[/quote]
I see your point. What would be your definition of “breaks?” Should it move 5% down?
If you look at a year you are correct, but the past couple of weeks we have been moving side ways. It seems to be rolling over. This is my opinion only.
[/quote]
It would depend on how long I was planning to hold. If I was thinking short term, I’d pull out a ruler and draw a line connecting all the little lows over the past month. I’d be a buyer as prices dropped down to meet that lower trend line.
If they continue to fall through I consider that a “break” and I’d get out. I see that as too high a probability prices will keep falling. Btw, I’d use a shorter term chart to draw that.
If I’m thinking longer term I will draw a line connecting the two major lows of the past year. The one occurring in July and the one in February. Again, as prices approach this lower trend line I’m a buyer and again if they fall through, that’s a “break”. I wouldn’t have much conviction about the short term break but one through the longer term trend channel would be VERY significant.
[/quote]
Thanks for the leason. I have never understood charting, but your information has given me a place to start thinking about it.
[quote]JoeGood wrote:
Looks like earnings are coming in high for the most part. The market flutters about Greece and Spain aside I still believe as I said before that fighting this up market until earnings season is over is a mistake and I’m going to stick to it.
Wouldn’t hurt to keep tight stops on your stocks though.[/quote]
Good Call. I agree. I personally have not purchased new stocks, but have let my purchases run. I have been putting new money in to Precious Metals.[/quote]
Personally I think we’ll see a bigger run in Oil from an inflation/dollar devaluation hit. I’m also starting to like the looks of timber land. I keep a small amount of my portfolio in gold but I’m not a big believer in the “end of the world” senarios so it acts as insurance rather than an investment.
[quote]JoeGood wrote:
Looks like earnings are coming in high for the most part. The market flutters about Greece and Spain aside I still believe as I said before that fighting this up market until earnings season is over is a mistake and I’m going to stick to it.
Wouldn’t hurt to keep tight stops on your stocks though.[/quote]
Good Call. I agree. I personally have not purchased new stocks, but have let my purchases run. I have been putting new money in to Precious Metals.[/quote]
Personally I think we’ll see a bigger run in Oil from an inflation/dollar devaluation hit. I’m also starting to like the looks of timber land. I keep a small amount of my portfolio in gold but I’m not a big believer in the “end of the world” senarios so it acts as insurance rather than an investment. [/quote]
I see your point. I just like holding the bars, and coins in my hand. I have to trust that the company holding my oil is not going to burn it. I like the timber idea also. It is just hard to buy up the land and get the property ready for collecting the timber.
I know there are stocks/ETFs out there that you can buy to capture the movements in those comodities, but I like the tangeble. I have plenty of stocks, and working on real estate. I am new to precious metals though.
[quote]on edge wrote:
“Moving sideways”, “no direction”, “appears to be stalling” and more. What the heck are you guys looking at? Just look and the fucking S&P 500 and you will see the direction as clear as day. The direction is a smooth upward climb. Don’t bet against that until it breaks.
[/quote]
I see your point. What would be your definition of “breaks?” Should it move 5% down?
If you look at a year you are correct, but the past couple of weeks we have been moving side ways. It seems to be rolling over. This is my opinion only.
[/quote]
It would depend on how long I was planning to hold. If I was thinking short term, I’d pull out a ruler and draw a line connecting all the little lows over the past month. I’d be a buyer as prices dropped down to meet that lower trend line.
If they continue to fall through I consider that a “break” and I’d get out. I see that as too high a probability prices will keep falling. Btw, I’d use a shorter term chart to draw that.
If I’m thinking longer term I will draw a line connecting the two major lows of the past year. The one occurring in July and the one in February. Again, as prices approach this lower trend line I’m a buyer and again if they fall through, that’s a “break”. I wouldn’t have much conviction about the short term break but one through the longer term trend channel would be VERY significant.
[/quote]
Thanks for the leason. I have never understood charting, but your information has given me a place to start thinking about it.[/quote]
That’s just what I look at. Most people who look at technicals get much more complicated than me. I think technicals work because it’s an indicator of the psychology of the general public. It tips off when greed and fear kick in. It also tips off when people who are in the know take action.
[quote]on edge wrote:
“Moving sideways”, “no direction”, “appears to be stalling” and more. What the heck are you guys looking at? Just look and the fucking S&P 500 and you will see the direction as clear as day. The direction is a smooth upward climb. Don’t bet against that until it breaks.
[/quote]
I see your point. What would be your definition of “breaks?” Should it move 5% down?
If you look at a year you are correct, but the past couple of weeks we have been moving side ways. It seems to be rolling over. This is my opinion only.
[/quote]
It would depend on how long I was planning to hold. If I was thinking short term, I’d pull out a ruler and draw a line connecting all the little lows over the past month. I’d be a buyer as prices dropped down to meet that lower trend line.
If they continue to fall through I consider that a “break” and I’d get out. I see that as too high a probability prices will keep falling. Btw, I’d use a shorter term chart to draw that.
If I’m thinking longer term I will draw a line connecting the two major lows of the past year. The one occurring in July and the one in February. Again, as prices approach this lower trend line I’m a buyer and again if they fall through, that’s a “break”. I wouldn’t have much conviction about the short term break but one through the longer term trend channel would be VERY significant.
[/quote]
Thanks for the leason. I have never understood charting, but your information has given me a place to start thinking about it.[/quote]
That’s just what I look at. Most people who look at technicals get much more complicated than me. I think technicals work because it’s an indicator of the psychology of the general public. It tips off when greed and fear kick in. It also tips off when people who are in the know take action.[/quote]
Thanks. It might get more complicated, but this is at least a starting point for me. I used it today when looking at Precious Metal prices. I am waiting for another dip to pick up more silver.
Okay I’ll bite, why Hecla? Fundamentally its a quite poorly run comapny and has been for a long time. A lot like Alcoa interestingly enough.[/quote]
Just take a look at how much there stock has rose over the past year. Silver mines are going to be very important in the not to distant future.
Tho mostly I am buying real silver, ordering 10 oz tonight after work.(being a poor college student 10 oz a month is all I can afford).[/quote]
Are you buying SAE, rounds, or bars? I am really new and have only picked up 40 oz of SAEs in the past month. I am thinking of picking up some rounds and bars, but the premium is the same as SAEs. I have been buying form APMEX. Do you have a local shop you go to. The one near me charges a $3.50 premium over spot.
[quote]Headhunter wrote:
The Case for Japanese Small Stocks (world’s cheapest stock market):
Div 2.36% Price to Book .83 Price to Sales .4
These numbers are far better than any other market in the world. May I also add that a price to book of .83 means that you can buy $1 of assets for 83 cents?
Although very leery of stocks right now, I did just put a goodly chunk into Fidelity’s Japan Smaller Companies fund, to ameliorate risk.
[/quote]
First book value sucks, it just lets you know how much was invested in the company, not how much the company is worth. Second if you think buying a dollar for $.83 is good, you should go back and investigate value investing. I don’t buy a solid company unless I’m getting fifty cents on the dollar.
[quote]Headhunter wrote:
The Case for Japanese Small Stocks (world’s cheapest stock market):
Div 2.36% Price to Book .83 Price to Sales .4
These numbers are far better than any other market in the world. May I also add that a price to book of .83 means that you can buy $1 of assets for 83 cents?
Although very leery of stocks right now, I did just put a goodly chunk into Fidelity’s Japan Smaller Companies fund, to ameliorate risk.
[/quote]
First book value sucks, it just lets you know how much was invested in the company, not how much the company is worth. Second if you think buying a dollar for $.83 is good, you should go back and investigate value investing. I don’t buy a solid company unless I’m getting fifty cents on the dollar.[/quote]
Able to find any right now at those prices Brother? Are you willing to share your ideas? I made a killing last year. I bought at 50 cents and now they are worth a dollar.
[quote]Headhunter wrote:
The Case for Japanese Small Stocks (world’s cheapest stock market):
Div 2.36% Price to Book .83 Price to Sales .4
These numbers are far better than any other market in the world. May I also add that a price to book of .83 means that you can buy $1 of assets for 83 cents?
Although very leery of stocks right now, I did just put a goodly chunk into Fidelity’s Japan Smaller Companies fund, to ameliorate risk.
[/quote]
First book value sucks, it just lets you know how much was invested in the company, not how much the company is worth. Second if you think buying a dollar for $.83 is good, you should go back and investigate value investing. I don’t buy a solid company unless I’m getting fifty cents on the dollar.[/quote]
Able to find any right now at those prices Brother? Are you willing to share your ideas? I made a killing last year. I bought at 50 cents and now they are worth a dollar.[/quote]
I will, I first look for an industry that is depressed, which is a lot of them. But I’m looking for the shittiest of the shitty.
Are you buying SAE, rounds, or bars? I am really new and have only picked up 40 oz of SAEs in the past month. I am thinking of picking up some rounds and bars, but the premium is the same as SAEs. I have been buying form APMEX. Do you have a local shop you go to. The one near me charges a $3.50 premium over spot.[/quote]
I bought 2 collector coins because I wanted them, but I am buying bars right now. since January I have been trying to buy 10oz a month, up to 32 onces so far(after I order my bar tonight). I use Ebay.
I missed march because I moved/computer blew up/had to pay for school.
[quote]Headhunter wrote:
The Case for Japanese Small Stocks (world’s cheapest stock market):
Div 2.36% Price to Book .83 Price to Sales .4
These numbers are far better than any other market in the world. May I also add that a price to book of .83 means that you can buy $1 of assets for 83 cents?
Although very leery of stocks right now, I did just put a goodly chunk into Fidelity’s Japan Smaller Companies fund, to ameliorate risk.
[/quote]
First book value sucks, it just lets you know how much was invested in the company, not how much the company is worth. Second if you think buying a dollar for $.83 is good, you should go back and investigate value investing. I don’t buy a solid company unless I’m getting fifty cents on the dollar.[/quote]
Able to find any right now at those prices Brother? Are you willing to share your ideas? I made a killing last year. I bought at 50 cents and now they are worth a dollar.[/quote]
I will, I first look for an industry that is depressed, which is a lot of them. But I’m looking for the shittiest of the shitty.[/quote]
Are you buying SAE, rounds, or bars? I am really new and have only picked up 40 oz of SAEs in the past month. I am thinking of picking up some rounds and bars, but the premium is the same as SAEs. I have been buying form APMEX. Do you have a local shop you go to. The one near me charges a $3.50 premium over spot.[/quote]
I bought 2 collector coins because I wanted them, but I am buying bars right now. since January I have been trying to buy 10oz a month, up to 32 onces so far(after I order my bar tonight). I use Ebay.
I missed march because I moved/computer blew up/had to pay for school.[/quote]
That sucks that your computer blew up. Where you able to round up all the pieces? Just giving you a hard time.
APMEX.com for the next 3 days are selling brand new silver rounds for 77 cents above spot. Not a great deal, but better than I have been able to find on the internet for the past month. Ebay is not bad if you buy from the good dealers, but they are more expensive.
Okay I’ll bite, why Hecla? Fundamentally its a quite poorly run comapny and has been for a long time. A lot like Alcoa interestingly enough.[/quote]
Just take a look at how much there stock has rose over the past year. Silver mines are going to be very important in the not to distant future.
Tho mostly I am buying real silver, ordering 10 oz tonight after work.(being a poor college student 10 oz a month is all I can afford).[/quote]
Hecla is up 133% in the past year, its down 50% over three years. and even over 5 years while its universally regarded as the worst run company in it’s own industry. Since 1982 its down 75% because its a crappy mining company and somehow it missed on revenues this quarter. I get you have precious metals blindness and are going to live and die without any regard about what happens if you are wrong. But why not, at the very least, pick a well managed company?
No insiders have purchased its shares in over a year while several have divested.
For a more serious question. just about every reasonable person knows there is a chance that their investment ideas might well be wrong. What are your investment options if silver doesn’t run?