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Bullboard - Stock Discussion Forum GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.

ARCA:BAR - Post Discussion

GraniteShares Gold Trust > Now..is the time to buy....
View:
Post by alleyesonme on Mar 18, 2021 3:58pm

Now..is the time to buy....

I believe retail investors are becoming impatient and selling there shares. Small orders driving this SP down. 7mil bought deal at 2.65. Anything under this price is a gift. Buy while you can at these low levels. Year end financials/corporate update are near. My feeling is Tsx and nasdaq uplist will this year. Incredibly undervalued, I still believe this will be 6plus after q2 financials. We should also see more analyst coverage having CEO speaking at Roth conference. Sunny days ahead. Patience will be rewarded. Accumulate, accumulate, accumulate...that's the name of the game at this point. Soon enough AlleyesonUGE.....glta
Comment by 1condor on Mar 18, 2021 6:55pm
I'll add at 1.95.
Comment by nbastar1986 on Mar 18, 2021 8:21pm
1condor, your alive!!! we miss you on the brag board. You still in it?
Comment by 1condor on Mar 18, 2021 9:23pm
nbastar1986...yes, looking to increase my position in UGE with further weakness...and also still in BRAG for the long haul.
Comment by alleyesonme on Mar 18, 2021 9:35pm
Its not easy to add lately without running the price up. I noticed today there's two bigger asks for 12700 at 2.30 and 6000 at 2.25. Other than that the past two weeks I haven't seen any bigger asks its all been pidley (under 1000 here and there). This is why iv been buying when I can between 2.15 and 2.40 over the last 7 business days. This tight structure is what makes it explode when ...more  
Comment by BCdude on Mar 18, 2021 9:45pm
Couldn't agree more. Added a few today to my kids' RESPs, and would add a few more if it drops below two bucks again.
Comment by 1condor on Mar 19, 2021 9:17am
alleyesonme...with this type of volatility in the market I would be surprised if it doesnt dip below 2 bucks (although only temporarily).
Comment by alleyesonme on Mar 19, 2021 10:03am
Yeah... Low volume recently. I believe the weakness has been caused by short sellers. Period between Feb.28th and March 15th short sellers sold 175000 shares. First short report of 2021 was 32000, most recent total 725000. The big dip we saw the other week most likely was a short sale. The increase will be that much more dramatic once they cover. Imagine putting in a bid for 175000 at 2.65. It ...more  
Comment by BCdude on Mar 19, 2021 11:45am
I certainly wouldn't want to have 175,000 shares on the short side of this. That sounds like a receipe for losing big.
Comment by alleyesonme on Mar 19, 2021 12:02pm
Lol no kidding....ykes...considering at this moment the path to 2.65 is about 46000 shares...when they start covering the 725000 shares they will pay big running the shareprice to new heights in the process...no question they will be covering...I don't imagine financing will be an issue. Green bond market is swamped..hard to even buy greenbonds they are all sold out!!!...financing doubts are ...more  
Comment by 1condor on Mar 22, 2021 2:02pm
Couple more days like this and my 1.95 bid will be hit. Good upward moves occuring in other green stocks today..but not UGE.
Comment by BCdude on Mar 22, 2021 5:16pm
Very low volume, though. I can see this resuming its upward climb once the Q4 financials have been released. The market is looking for an update.
Comment by 1condor on Mar 23, 2021 5:14pm
Come on 1.95...maybe tomorrow? General markets showing weakness.
Comment by nbastar1986 on Mar 24, 2021 9:46am
I hope it gets this low. will scoop up shares. this thing is undervalued 
Comment by nbastar1986 on Mar 24, 2021 3:49pm
Great call condor - added some under $2.
Comment by 1condor on Mar 24, 2021 6:17pm
nbstar1986...good pick up...my bid got hit at 1.95 today but didnt get my full alotment. Probably get the rest tomorrow.
Comment by 1condor on Mar 25, 2021 10:40am
That was nice...picked up my remaining shares at 1.78. Now have my full position.
Comment by 1condor on Mar 29, 2021 12:42pm
UGE sure is having a nap today on the volume side.
Comment by CandyC on Mar 29, 2021 4:05pm
Time for a news release and a breakout 
Comment by BCdude on Mar 29, 2021 5:13pm
UGE dosn't tend to flood the market with news releases. I've come to expect 2-3 quality press releases between quarterly updates. Their last one was March 9th, and I would expect the next update to happen when the year-end financial results are released in April. I wouldn't be surprised to see rangebound trading until then.
Comment by 1condor on Mar 30, 2021 5:10pm
Sure looks like another dip to around 1.75? Very little conviction in the stock lately...even with the latest news release.
Comment by alleyesonme on Mar 30, 2021 5:59pm
Yeah..bizarre...33m in ANNOUNCED contracts since Sept 30th....serious momentum in the business but not in the share price...Small company largely unknown...multiTRILLION$$ build back better bill announcement tomorrow with what's rumoured to have renewable energy at the forefront should have investors searching for company's like UGE....recurring revenue profit margins around 70%......this ...more  
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