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Strategies & Market Trends : LastShadow's Position Trading

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To: jtech who wrote (42651)12/27/2002 9:14:53 AM
From: jtech  Read Replies (2) of 43080
 
I suppose most on this board have read my post on cde.Believe it or not they are the largest silver producer in the world.Selling for about $1.8.Ive traded them since about 70 cents and done very well.I dont like the fact that they have 13.8% convertables still out there.I dont like the fact that the last stockholders meeting authorized the increase from 125 million to 250 million shares.It smells of a poison pill to me.
Despite all that,I think they are getting ready to explode up.Not that the company is clever, but that they just happen to be in the right business at the right time.You might even say the stock will rise despite the management?
Look at a chart of silver and the m/a crossover is beginning.
Just an opinion.
Be warned the convertables provide an option to short, so it can be very volitile.
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