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Politics : Welcome to Slider's Dugout
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To: maxncompany who wrote (17854)6/18/2009 10:26:31 AM
From: SliderOnTheBlack3 Recommendations  Read Replies (3) of 50222
 
re: ["HL getting interesting at $2.63"]

HL, CDE, and GSS all interesting high risk:high reward
spec trades here.

Where's Charles with those GSS charts?

$1.80 for GSS would be a 50% pullback of the move from $1.20 to $2.40.

Over the last couple of days, my biggest "add" was AUY.

They've sold some non-core properties and raised cash, and
I think the street fears they are going to make an acquisition
and spend too much.

The these dips sub $9 more than adequately priced in
that risk. Remember - this was a $16-20 stock this time last
year, and now they've got cash and still have great growth prospects.

One thing I really want to see is someone like GoldCorp/GG
just continue to grind out those big fat, low cost margins...
keep their balance sheet pristine and get in a position over
the next couple of years to be able to start paying some big
5-7%ish dividends.

BIG DIVIDEND payouts is what the majors need to deliver,
for the sector to go to the next level.

And another year, or two of $875+ gold is really going to
allow good management teams to pay down debt and put
themselves in position to do just that.

Get those rally hats properly positioned and see if we can
navigate a turn today.



SOTB

PS:
What do you guys think about Van Eck's new junior mining ETF?
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