First Majestic Silver Corp T.AG

FR The Dog from hell!!

[Snowball1843657]

This stock is the biggest loss I have. I watch the people on youtube talk about this stock in  a favorable way. I keep buying on dips and keeps getting run over. Was the rally in this stock just the shorts covering or is this actually the bottom.

I guess we will know on Monday. Gold and Silver stocks have done nothing in the past 3 years. I bought some Silver coins around $22.00  3 years later it trades at $23.00 dollars an oz. 

There a lot of other things to buy that pay handsome dividends
example TRP ENB PPL BANKS DIV these all pay handsome dividends while you wait. This dog pays a very small dividend I hope to break even on this dog with the divdends from other sources.

That being said I wish everybody well buying this DOG.

[BaldSilverHead]

A loss is based on a time frame. I believe the recession will grind in on November and "everything" will go down in value with exception of usd. Unless we attack Iran / oil embargo in that case pm's should fare well. Dr. Copper is forecasting a recession as is the uptick in unemployment. So I thing we will be a dog for next quarter or two until Biden and economy start barking at

[Crashcomingsoon]

Umless Congress reduces spending, which is highly unlikely given the need to fund the wars in Ukraine and Isreal,the deficits will balloonin the next recession (lower revenues and increased expenditures) and the PMs will be bought as a safe haven.

[BaldSilverHead]

Problem is I need $ now. So I will initially sell my sticks and pm's into a recession. 

[Stratocheif]

Don't do it man. Financial decisions that cost you big money will haunt you for years. If it's discretionary thing you need the money for....if that thing can be postponed, don't do it.

[BaldSilverHead]

Oh I was just saying that as an explanation of why metals and for the most part all equities head south in a recession, bills and mortgages still need to be paid, and what if I got laid off?  I'm sitting in cash earning close to 5% very unrisky. This pump and dump by metals and equities that reamed some shorts yesterday will fade in time. Again all in my little mind (opinion).  I