Silver Standard Resources Inc SSRI

This Stock Doesn't Move by Logic ...

[RichyRich$]

I agree with AngelEyes though. This stock doesn't move at all by logic. By the end of the Q2 report nothing changed fundamentally but SSO ran from $6.00 to $10.50 in a few weeks? Some articles said that was a dead cat bounce but I think this is one of those stocks that likes to nose dive and rally just as hard regardless of the fundamentals and financials. A small rise in Silver from $22 to $25 shouldn't have made SSO almost double in August just after a bad Q3 report. If it doesn't behave logically then right now would be a good buy. I'm actually not down money from SSO as I stayed away since June. I'm looking at this price as a way to make money and not hoping for it to go up just to break even. I know the feeling, doesn't feel good. I don't mind taking the risk at this price as even if it drops to $5.00 I can weather that. My main concern is that it doesn't go bankrupt and we lose it all! If the share price is now close to its liquidation price, it could be a buyout target, however, other mining companies are too hurting now as well and can't buyout others. They say October is the worst month for gold/silver historically. I'm wondering whether to buy back tomorrow or wait to see if she drops to $5.00.

[sonofcroy]

how do you figure they have any chance of bankruptcy 

[RichyRich$]

It's a poorly managed company. The stock price is a report card of how well it's managed. Stock prices can be manipulated over the short-term but over a few years, it usually reflects a proper report card of how well a company manages and financials. I didn't see any other mining company (not including juniors) drop so much from peak to low in the last 7 years. SSO went from $46.58 all

[seanyboy]

Poorly managed Richy? They've brought costs down, raised tonnes of cash at much higher share price and conserved it, operated in Argentina and managed not to have the mine stolen, and drilled out a huge resource base in better jurisdictions. The company can't help that silver is volatile, that's the nature of the beast. Must say though that Smith looked even more tired than usual in

[RichyRich$]

I'm just saying that the market was giving SSO a bad report card even when silver was priced higher. SSO was on a steady long-term decline since 2007. However, I truly believe this is bottom because in 2003 SSO was $6.00 to $10.00 range when silver was $5.00 per ounce! I bought 6,600 shares at $5.90 this morning ;). Couldn't believe I grabbed that price when silver opened high this morning