Silver is used in the industrial fields a lot. With the economy slowing down so much wouldn't you think it would have less demand... this is supply and demand pricing right?
Merrill Lynch: On Wall Street Credibility and Sovereign Wealth Capital [View article]
I am just curious anyone know what the true value of this stock is right now? It seemed to me like they were struggling to keep it up the past few days. First after dumping all those deluted shares in and buying them. Then at the end of the day tuesday it closed at 26.45 and then they dumped in a huge volume after hours to raise it to 28.08, so they had a cushion for the next day, which only closed at 26.88 at .66 over the previous day. That looked to me of a loss of 1.20. Yesterday it looked like it was going to bite it and the only thing that saved them is them throwing out something about a .35 cent dividend just to keep them afloat. Cramer says that Merill was doing so great the last two days, I don't think he is actually looking at what they are doing, or he is advertising for them. I have seen stocks around 2 dollars giving out .35 cent dividends, what makes this stock special?
On Jul 31 08:40 AM squashnut wrote:
> No, No, NO!!! They will only get 22 cents on the dollar if everything > goes well. They got around 5.7 cents/100 in cash and loaned the rest > to the buyer WITH NO RECOURSE except the junk itself.
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Merrill Lynch: On Wall Street Credibility and Sovereign Wealth Capital [View article]
On Jul 31 08:40 AM squashnut wrote:
> No, No, NO!!! They will only get 22 cents on the dollar if everything
> goes well. They got around 5.7 cents/100 in cash and loaned the rest
> to the buyer WITH NO RECOURSE except the junk itself.