quote:Yeah, I thought it was a good pic!!!
Originally posted by pescazorroSkinee…That was el oh el!!!
“Endeavor to Persevere.
Give,Give… Never Take.”
EC
quote:
Originally posted by skinneejquote:Yeah, I thought it was a good pic!!!
Originally posted by pescazorroSkinee…That was el oh el!!!
“Endeavor to Persevere.
Give,Give… Never Take.”
EC
looks like 60 tomahawks make gold move…may not last, but here’s a better pic for ya in these uncertain times
You boys don’t let Skinnee scare you away from making money…
quote:
Originally posted by SchoolsOut1quote:
Originally posted by Geronimoquote:
Originally posted by SchoolsOut1Oh, and bought some AG at $8.72 this AM as well…again, you can go to that thread on THT to see my moves. I say what I’m doing/did when I do it for posterity’s sake. If I’m down, you know it. If I’m up…well, you’ll definitely know it
Wow! All 3 are way down. Only thing worse is if you would have said you grabbed a ton of FSM at $5.46 also.
“Wailord”
1979 17’ Montauk
90 JohnsonWilderness Ride 115
My main goal in all this is (ultimately, money) to gain more shares as I think this sector will outperform in 2H2017. I got right at about 1000 shares of MUX for “free” on 2 months time (basically, I’ve no cash left in one account, but 1k more shares than I did a month or 2 ago)…bought one last round of MUX today at $3.16.
Same story with the others, but not to that extreme as I still have a pile of cash and an order for NGD at $2.79 at the moment. Bought deal placement at $2.80 so trying to snag some shares below that. Insiders have expressed intent to purchase shares at $2.80, too. Need Rainy River to get online later this year…if that happens with no more hiccups, I can see a share price closer to $10 (as long as gold doesn’t fall off a cliff…).
my NGD purchase was at 2.75 3/3…$3.40 now. It’s a $6 stock, easy…$10 stock in a year or 2.
I wish I had seen this earlier…fun times.
Have fun playing the gold game. Can you predict the next correction because I cant?
Pioneer 197sf
This thread is awfully quiet when MUX drops 4% in one day and drops under the $3 mark again… $2.94 anyone?
Clearly you don’t understand dollar-cost averaging bro. It’s on sale. On sale I tell ya
quote:
Originally posted by PeaPodClearly you don’t understand dollar-cost averaging bro. It’s on sale. On sale I tell ya
I won’t stop you from “making money”… That seems to be the new term used for when on Feb 01 the stock price is $3.94, and then on April 24th, the price is $2.94.
That being said, the P/E is looking a lot more attractive here… 112 on Feb 01, and 42 on April 24. They put their net assets at 443 million and company is valued at 882 million right now. So 882 - 443 = 439. At 21m in earnings in 2016, this might actually be a “fair price” for this stock. Heck, if it drops down into the 2-2.5 range, you might even see me jump on the MUX train!!!
Wow, down another 6% right off the bat today!!! $2.82. How long before I can get these shares on Craigslist?
I think I hear some people screaming and it sounds something like this: “MUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUXXXXXX!!!”
Say it with me one time:
“MUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUXXXXXX!!!”
Oy vey
“Wailord”
1979 17’ Montauk
90 Johnson
Wilderness Ride 115
$2.68 on May 9th… That’s what I call “making money”… Loss in Q4 2016 and Q1 2017. Is it time to double down when you bought it at $3.20 yet?
Skinnie, i’d love your insight on my mutual fund. I bought into a mining ETF instead of a single miner like MUX. Bought FSAGX on 3/7 for $19.76. It’s on the way back up and not sure if I should ride it longer and try to make some money, or just switch to something else.
“Wailord”
1979 17’ Montauk
90 Johnson
Wilderness Ride 115
quote:Don't really know anything about it... In my original post, I listed a few reasons why I thought this particular stock wasn't a "good deal" as an *investment*, such as the sky high P\E, lack of earnings, and redonkulous market cap. Just not my cup of tea really...
Originally posted by GeronimoSkinnie, i’d love your insight on my mutual fund. I bought into a mining ETF instead of a single miner like MUX. Bought FSAGX on 3/7 for $19.76. It’s on the way back up and not sure if I should ride it longer and try to make some money, or just switch to something else.
“Wailord”
1979 17’ Montauk
90 JohnsonWilderness Ride 115
Gold as a commodity was priced about right (historical trend) last time I looked at it. So, if you guys are playing for a Zimbabwe inflation doomsday scenario, then I think you are swimming against the current.
Nothing is a guarantee. I just thought the odds were against this one as a long term value at that $4 price.
SJ,
You indicated you invest in BP. If so, what is the attraction to that particular stock vs. others in the energy sector?
RBF
quote:
Originally posted by Richard Beer FrothSJ,
You indicated you invest in BP. If so, what is the attraction to that particular stock vs. others in the energy sector?
RBF
Historically its a bargain priced and the 7% dividend is pretty (**() attractive if you ask me. If I had $35K laying around to invest right now, I would pick up 1000 shares for the long haul…
“Endeavor to Persevere.
Give,Give… Never Take.”
EC
quote:
Originally posted by Richard Beer FrothSJ,
You indicated you invest in BP. If so, what is the attraction to that particular stock vs. others in the energy sector?
RBF
First and foremost, as pescazorro mentioned, the dividend (currently 6.7%) is a major attraction. This means whether the stock goes up, down, or sideways, you collect “cash” every quarter. Now a “high dividend” isn’t a lock in for a good stock. You will see some energy companies paying super high dividends one day and then gone the next. So, what set’s BP apart from those?
<> BP has a loooooong history of paying dividends
<> BP has a loooooong history of INCREASING dividends. This means your YIELD can increase over time.
<> Culturally, dividends are super important with UK based companies. They will do everything they can to keep paying a dividend.
<> BP is a LARGE, blue chip type of company. I expect them to be around 50 years from now.
<> BP has survived some major catastrophes and survived as a company
Some other “attractive” factors
<> My thoughts (not sure if it’s true, but my theory) is that owning stock in a foreign company gives some protection against a falling USD. That being said, BP does a lot of business in the US, so they would take a hit to some extent.
<> Oil\energy isn’t going anywhere during my lifetime. When oil prices are low and the stock price is suffering, I typically buy more.
<> Investing in oil seems to give me a “hedge” against gas prices. In other words, if oil prices are low, then my stock suffers, but I am a happy camper at the pump. If oil prices are high, I’m not so happy at the pump, but my stock is doing well (typically).
<> BP has product diversity (not just a one trick pony), or at least they are trending t
PS. Just looked at my fidelity account and my last purchase price for BP was $28.95. This means that I am getting an 8.2% dividend yield on that lot.
Yeah, I believe oil will be a mid-long term major winner of all stocks…
What scares me about BP is they haven’t covered their dividends with profit since ~ 2014, and the payout ratio is currently over 200% (based on Schwab’s data). The interweb has it they have been borrowing last few years to be able to pay the dividend… I like strong balance sheets, and would rather have that, than a dividend, especially with oil…
Just curious as I thought maybe I had missed something… I’ll keep it on the radar and see how things develop…
Thanks for your input.
RBF
quote:Yeah, I'm with you on that. Borrowing to cover dividends is a red flag, especially if smaller\less established companies are doing it. So, on that note, I just have to go by track record. When they had the big GOM spill, they cut dividends for a few quarters, but when they re-instated them, they were pretty hefty again. So, if they get into a position where the cut the dividend, they will at some point bring it back. This fervor for paying out dividends makes me happy.
Originally posted by Richard Beer FrothYeah, I believe oil will be a mid-long term major winner of all stocks…
What scares me about BP is they haven’t covered their dividends with profit since ~ 2014, and the payout ratio is currently over 200% (based on Schwab’s data). The interweb has it they have been borrowing last few years to be able to pay the dividend… I like strong balance sheets, and would rather have that, than a dividend, especially with oil…
Just curious as I thought maybe I had missed something… I’ll keep it on the radar and see how things develop…
Thanks for your input.
RBF
I suspect that these guys know exactly what is going on in the industry and know how to “wait it out” when needed.
quote:
Originally posted by skinneejquote:Yeah, I'm with you on that. Borrowing to cover dividends is a red flag, especially if smaller\less established companies are doing it. So, on that note, I just have to go by track record. When they had the big GOM spill, they cut dividends for a few quarters, but when they re-instated them, they were pretty hefty again. So, if they get into a position where the cut the dividend, they will at some point bring it back. This fervor for paying out dividends makes me happy.
Originally posted by Richard Beer FrothYeah, I believe oil will be a mid-long term major winner of all stocks…
What scares me about BP is they haven’t covered their dividends with profit since ~ 2014, and the payout ratio is currently over 200% (based on Schwab’s data). The interweb has it they have been borrowing last few years to be able to pay the dividend… I like strong balance sheets, and would rather have that, than a dividend, especially with oil…
Just curious as I thought maybe I had missed something… I’ll keep it on the radar and see how things develop…
Thanks for your input.
RBF
I suspect that these guys know exactly what is going on in the industry and know how to “wait it out” when needed.
Do you mostly invest in individual stocks? I would have taken you as a low cost ETF index fund kinda person…
RBF