GREY:MLKKF - Post by User
Comment by
BrutalTruth2on May 20, 2010 9:15am
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Post# 17117054
RE: RE: RE: RE: RE: RE: What are the cash costs on
RE: RE: RE: RE: RE: RE: What are the cash costs onI'm lazy so that's why I am here so you people can tell me and I can confirm these things later when I am a more serious buyer :)
The thing is, with so many stocks out there, people are not going to to their DD, they will just look at a chart and say "buy" or "sell". And that is what you are up against. Long term, yes, this information means ML is ok. Short term, no one gives a damn that ML has hedged for the next 5 years. Its just more reason to go all-in at the appropriate price.
Regarding the Moly exposure. I remember at the start of the financial crisis there were a few people recommending Moly stocks as Moly was still relatively high compared to all other base metals that plummeted. Then one day Moly was $8 and there went that theory, along with MOL and GMO's prices. Moly isn't as liquid as the other base metals, it is just as volatile IMO.