First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
yeti786,
We did write a short while back when silver was around $27 that once it passed through $30.00 we would never see $30.00 again and we are happy to stick with it.
Of course it may go a tad lower than it is now but we are looking for a big finish to this year.
Our biggest single holding is SLW and we have no plans to sell any of this stock, but as always - do the work.
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
So far then you have been buying this stock and have not sold any of it. So your profits are paper only profits as you have never realized the cash. Your target exit price is $100.00 at the moment, optimistic, but we like it as we are also silver bulls which makes us bias towards silver.
If there is a severe shake out and the mining sector gets clobbered and AG falls below $4.50, we assume that you will continue to hold, but do you think that you will have the courage to buy more?
We ask because we are in a similar situation with SLW, we have paper profits but our strategy differs from yours in that if it does drift lower we could be tempted to sell and wait until it has bottomed and then try and find a cheap re-entry point.
We certainly wont let all the profits evaporate, regardless of what our peers are saying, we will lock in some profits rather than lose it all. Thank you for being open about your strategy - its always helpful to share a few thoughts on these things. Have a good one.
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
indianamark,
Well done on getting in as early as you did with that first purchase at $4.50/share. Now we have seen this stock go as high as $27.00/share and then tumble back to $15.82/share.
So the question we have is; what is your exit strategy, are you prepared, for instance, to go all the way back to $4.50/share. And that is your first buying price, so what is your average price for your total investment into AG?
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
Team,
You might also want to give some consideration to the use of options to turbo charge your trading account. We have just banked a profit of 197% generated in just 24 days, there are not many stocks out there that can deliver that sort of return. To see how we did it, please click this link:
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
indianamark,
We did buy this stock at $13.13 so we are up 64% at the moment and it does form part of our core position. Our portfolio for silver stocks can see on silver-prices.net along with our other holdings.
We have also said since the outset that silver will outperform gold and have not changed our stance on this issue.
However the gold stocks have performed poorly as other vehicles are attracting investors funds, hence we are proceeding with caution regarding silver stocks.
We do not own any stocks outside of the metals space and the cash that we have is 'opportunity cash' to be used when we spot a bargain.
We are also enjoying a fair amount of success in the options area where the returns are looking reasonably good, you can see our trading record at this link:
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
We did write a short while back when silver was around $27 that once it passed through $30.00 we would never see $30.00 again and we are happy to stick with it.
Of course it may go a tad lower than it is now but we are looking for a big finish to this year.
Our biggest single holding is SLW and we have no plans to sell any of this stock, but as always - do the work.
cheers,
Bob K
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
For those of you who are fans of Dr Stephen Leeb you might be interested:
http://bit.ly/I8s4aE
Have a good one.
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
If there is a severe shake out and the mining sector gets clobbered and AG falls below $4.50, we assume that you will continue to hold, but do you think that you will have the courage to buy more?
We ask because we are in a similar situation with SLW, we have paper profits but our strategy differs from yours in that if it does drift lower we could be tempted to sell and wait until it has bottomed and then try and find a cheap re-entry point.
We certainly wont let all the profits evaporate, regardless of what our peers are saying, we will lock in some profits rather than lose it all.
Thank you for being open about your strategy - its always helpful to share a few thoughts on these things.
Have a good one.
First Majestic Corporation: The Long- And Short-Term Possibilities [View article]
Well done on getting in as early as you did with that first purchase at $4.50/share. Now we have seen this stock go as high as $27.00/share and then tumble back to $15.82/share.
So the question we have is; what is your exit strategy, are you prepared, for instance, to go all the way back to $4.50/share. And that is your first buying price, so what is your average price for your total investment into AG?
First Majestic Corporation's Net Earnings Increase 176% From Q3 2010 [View article]
No problem and take care its getting bumpy out there.
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
skoptiontrading since inception 2 years ago reads 96% winners.
www.skoptionstrading.com/
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
You might also want to give some consideration to the use of options to turbo charge your trading account. We have just banked a profit of 197% generated in just 24 days, there are not many stocks out there that can deliver that sort of return. To see how we did it, please click this link:
www.gold-prices.biz/ma.../
Good luck,
Bob K
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
First Majestic Silver Should Finish the Year Well Above Current Stock Price [View article]
We did buy this stock at $13.13 so we are up 64% at the moment and it does form part of our core position. Our portfolio for silver stocks can see on silver-prices.net along with our other holdings.
We have also said since the outset that silver will outperform gold and have not changed our stance on this issue.
However the gold stocks have performed poorly as other vehicles are attracting investors funds, hence we are proceeding with caution regarding silver stocks.
We do not own any stocks outside of the metals space and the cash that we have is 'opportunity cash' to be used when we spot a bargain.
We are also enjoying a fair amount of success in the options area where the returns are looking reasonably good, you can see our trading record at this link:
www.skoptionstrading.c.../
But, yes we are fans of AG and do expect it perform very well indeed.
Please keep your comments coming they are very much appreciated by the small team here.
Have a sparkling day, (AG is up 6.98%)
Bob
First Majestic Silver: Another Quarterly Record of Silver Production [View article]