Post by
Dale327845 on Sep 15, 2023 12:08pm
Amazing!
Endeavour showing some real strength today. Up more than twice GDX.
My theory is that the last couple months of underperforance to GDX was because one of the funds that , who together with the Sawiris family, own basically all of the shares, was selling off some or all of its holdings . This has happened before, and is one of the risks with a company , like EDV, which has so little retail holders, and low daily volume. I think many long term holders of EDV understand that, and don't get too excited when EDV goes into a little tailspin. If my theory is correct than looks like the selling fund is done, and hopefully gone. Today GDX would be buying EDV, and now no one is selling. And EDV should correct back to something closer to true value - IMHO about $35 if gold renews its journey to plus $2000.
Comment by
blitzer2 on Sep 15, 2023 6:44pm
Well Dale as you know, EDV closed up today .99c @ 27.69 with a 1.84 M vol. Not bad for a Friday... eh ? Hope they can keep it going. GLTA
Comment by
theCurse on Sep 15, 2023 7:14pm
as i said... "One thing I do think is any type of abnormal selling (an institution/ETF unloading) will throw the algorithms off and punish the stock in the short term vs the GDX/GDXJ. The reverse may have been true last June with unusual demand from somewhere. unfortunately, just how things work. it slowly adjusts. imo." tC