Member Info for ducatiman996r

If you had bought into this company when the price say 1/5 of what it reached recently might you be tempted to take the profits?

All of us put money in knowing that at some point we planned to sell and (hopefully) take profit. If there has been a lot of chatter about the $90 silver price might that give additional pressure to take the money and run? Then for those who were in at the same low level they've seen a few shakes and decided to cash in. The MMs will sweep up all those shares and then sell them back to the people who believe there is more topside to come. That is how it works innit? I guess it comes down to whether you have the nads to take a bumpy ride.

It is just how the market works, it doesn't hate us, it is a vast money making machine that we have no control of, people will be getting stopped out on the swings but that is how it goes. If we don't believe there is a silver shortage and a mountain of big banks holding potentially bankrupting short positions maybe this isn't the sector to be trading?

Did you read what I wrote?

"BUT we have to remember that the prices have to reflect what the market thinks these miners are worth at any particular price the commodity reaches"

I wonder what the rise in miners share prices might be if silver breaches $100 per ounce?

My belief is that $90 was the price that everyone saw as the "target" and once that was reached people in the miners took profit, compare the charts and you can actually see it. What we need now is a new higher high for silver so that new buyers will take up the miners shares.

All just the opinion of a baldy old fart as previously confessed.

I do realise that one should not start a sentence with the word "but" , I thought in this case it might be overlooked.

Anyone remember the old joke about the young bull and the old bull? I think it might apply here are the moment.

Silver in general......

Do we think that the shortage of physical silver is over? Do we think that the banks have all dealt with their short positions? Do we think that we really did see the top at just short of $95 per ounce? Do we think that the disparity between the COMEX price and the price in Shanghai is normal?

I guess what we need to also understand is that these forums are full of rampers and people ready to tell you that the game is over, run for the hills.

The reality is that there are all kinds of people buying into these things, I won't refer to them as "investors" as many of them aren't. There is big money and then the minnows such as the small retail investors all playing in the same glass shard filled sandpit. For every winner there has to be a loser so you have to decide which of those you want to be. Take a look at how often the silver miners on the Yankton are going into auction, the MMs are struggling to get shares. The old bulls are sitting back watching the young bulls rushing about like headless chickens with a bit of a grin on their faces.

As far as the miners are concerned, if they have valid assets which will produce silver in the future the higher the commodity price goes the higher the value of those companies. BUT we have to remember that the prices have to reflect what the market thinks these miners are worth at any particular price the commodity reaches.

What has happened overnight with the silver price is a good thing, it has to happen even in bullish markets. Stop looking at the 5 minute charts and see the trend on a daily or weekly basis.

All just the ramblings of a doddery old fart obviously but the worst thing in the world is to panic at minor adjustments in a market where you believe that the fundamentals are still strong.

Not like anyone has had their trousers well and truly down by shorting silver and derivatives is it? LOL Take a look at the daily chart, we are seeing profit taking across the board on silver miners today. I think it was probably a lot of automatic selling on the US miners due to hitting limits that people set never thinking we would break the $90 barrier. Could be wrong I guess but I'm not getting shaken out ;)

Interesting observation but take a look at the daily chart and you can see it is just fairly normal profit taking. We all want to see upward movement but I've been looking at the actual share availabilty on the two NYSE miners I've invested in and they needed to shake some shares out. Sitting on hands time folks unless you are the impatient. Silver still looks to be heading north.

Been away from these forums for a while but have been watching the various silver miners here and on the NYSE very closely over the past few weeks. Todays activity, or lack of it is interesting. I'm currently in Pan American and Hecla and up until quite recently they have been tracking the increase in silver price pretty well. We had a stonking day on the silver yesterday and it is up another 4.5% today, the miners seem to have "disconnected" a little and traded sideways. Do we think that a silver price of say $90 is already factored in to the miners SPs?

Unfortunately the regulation of people who run this sort of borderline fraudulent business model is absymal in this country, forget to tax your car or pay your income tax and you are toast but people can indulge in connivery and misrepresentation with the aim of misleading others and walk away to do it all over again!

Disgraceful that companies can be manipulated like this, run into the ground, yet the people behind it can just go and start all over again!

The regulation of such activities is pitiful!

Morning folks. Nor quite sure about the IG Index thing as it is still showing Yourgene as of today?

It is on my share watchlist and still showing live prices.

I'm going through the exercise of sorting my share accounts and was wondering whether there is any point at all in keeping the defunct BMR shares? I can have them transferred onto a share certificate and close down the account they are held in but is it likely to be worth bothering for some future value?

Sorry if it is a daft question folks!

Sometimes necessary to diversify at times like these, bet the markets short using a spread betting account then pick up shares at knock down prices when things look like they have settled.
It is all a bit of a gamble but that worked well for me during the 2008 crash and subsequent recovery. I ended up with shares in one of the UK builders that relative to the price paid per share were bringing in over 50% dividend annually in my SIPP. I've gone to cash in the SIPP for now and just bought £50k chunks of things like Barclays for short term upswings, taking the odd £5k profit here and there to add to the pot.

As for Yourgene I'm in for a good few in my ISA, bought them at the same time as Novacyt, stupidly sold Novacyt for a small profit which would have been £40k if I'd held on. Can't get them all right I guess.

Gut feel is that with all that is going on we've a way to go on FSE shares; I don't think the banks have set aside anywhere near enough to cater for debt defaults they are going to face. We will see mass unemployment, inevitable tax increases and if the government don't toughen up on the anarchy a lot of civil unrest. The long term cost to the country will be immense.

Being retired is probably not a bad thing right now, some cash to invest, some fair size bets on the upcoming USA election so still things to do.

Well recall those days, put down a big chunk of deposit on my house in the country from the profits but kept a few for later. Needs to get on a fair bit to break even on those but the profit was taken at the right time. We had a meet up in town to celebrate, wonder how many of the people who went are still on the forum?? Managed to get through best part of a bottle of Old Pulteney that night :)

Tapping away at a previously tested resistance level at the moment, I guess some are small automatic trades set up by people who had a target in mind. The large sums put in yesterday don't suggest random buys to me, someone out there has access to some pretty tasty information. Very unlikely that they are punting big sums like that into an AIM share on the hope of a few percent upswing, this is just like waiting for the cork to burst out of a champagne bottle....in more ways than one!! :)

Anyone see if it looks like they are finding shares hard to come by to fill big buy orders?

Quite a bit of volume all of a sudden? Someone out there got a whiff of info perhaps? Getting near a bit of historical resistance so good to see that behind us if possible.

Trading at the top end of the recent range with what appears to be only minimal selling at the 20p mark, be good to break through upside and create a new support level!!

Got to feel a bit sorry for the newbies that are getting rinsed over on the mouse forum (Hemo)
One that I didn't see in your list that isn't specifically and solely CCP virus related is Yourgene Health, it looks as though it has some pretty good underlying profitablity building alongside potential involvement with Novacyt. Don't take that as a pump, it is merely an observation.

I have a fair few companies in my CCP virus watchlist including "soap, dope and rope" companies and know that the majority are one trick ponies with very little fundamental substance. Just a matter of backing the right one (or two) and not getting carried away by the pump and dump squad.

The ramping on some of these forums is disgraceful at times and we all know that some of them are getting paid to do it!!

Interesting second test of support today, if it breaks below there is nothing on the chart much below for a bit of a while!

Obelix....is waiting until June/July unusual? I bought these a while back and am in no rush to cash out, they have risen steadily overall and look good for the future.
That isn't intended as a ramp by the way :)