Post by
Mclacherrty on Mar 15, 2011 6:54pm
Interesting Day
An interesting day and wait til you see who was buying and selling. You can figure this one out very quick, houses were looking to get weak shares today and succeeded somewhat only. First House 7 opened up selling into itself then House 2 same thing then 33 same thing then 7 again First 23 trades were houses selling to themselves at ridiculous price of .45. Then a few weak shares followed suit and Dundee snapped up. Basic trading today when you look at the big houses were for an outcome of a balanced trading day selling and buying to basically have a plus 20k share day or -20K share day. The only one I saw different was House 1 anon which was -80K but then again 99 Jitney was +60 so lets say they just balanced that one too. What I will say is they did their best to get any weak shares and will likely try to do this some more. After seeing this type of trading I am definitely not selling, nearly makes me laugh. This will bounce back pretty quick imo. Analysts are already saying the market has overreacted. Yes maybe in Uranium but I left that about a month ago when it seemed most were at fair value and I had a nice profit. I still am bullish on gold and silver as we have not seen what is going to happen with Japanese money going back to Japan and the US still doing quantitative easing. Have to believe that US dollar is not the safe place this time, and that gold and silver will come back strong. Mind you anything above 1000.00 and 20.00 are money makers and I cant see us seeing them levels ever again. Once the rebuilding starts think of what is going to be required for construction and insurance replacements Now SQI is one of the most undervalued stocks out there and these are buying ops that only come with the black swans. Wish I had more free cash and might have to go get some from the bank before the markets springs back. Not selling a share of any of my stocks to the vultures and will likely do a lit preying of my own. JMO - GLTA Jim
Comment by
fsu99 on Mar 15, 2011 7:14pm
i agree good buying oppurtunity, bought some more at 0.46 but i think anymore bad news about the nuclear plants and this mayget quite a bit cheaper. have more orders in low 40's and mid 30's.
Comment by
JustAnotherGuy on Mar 16, 2011 9:33am
Good post, Jim.I have added a few more yesterday, and I will continue to add on weakness.Guy