The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
07-14-2011, 02:00 PM
|
#4526 | | Need my Daily Fix of RS
Join Date: Jan 2006 Location: .
Posts: 290
Thanked 6 Times in 5 Posts
Failed 0 Times in 0 Posts
|
i agree, once we start getting the deep drill results the sp will go back up. I guess a lot of people dumped bcuz of the RE and lower copper/moly/gold amounts, even though it was excepted by Elmer. We are also getting hit hard by margin calls; expect another big dump soon from questrade margins.
| 
|  | |
07-14-2011, 10:18 PM
|
#4527 | | resident Oil Guru
Join Date: Mar 2005 Location: Vancouver
Posts: 7,716
Thanked 10,457 Times in 1,794 Posts
Failed 1,065 Times in 267 Posts
|
Any thoughts on Goldcorp?
| |
| | |
07-14-2011, 10:32 PM
|
#4528 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
|
Imagine being boss enough to put a cool $1 million on a trade, and have it turn into $40 million in a few weeks.
"...June 27th options trade where a trader sold 30,000 January 2012 $21 puts and bought 30,000 January 2012 $25 calls. The $1M trade will be worth more than $40M on the open tomorrow." Options Hawk: Petrohawk Energy (HK) $12.1B Buyout: A Game Changer for Natural Gas Stocks | |
| | |
07-15-2011, 08:11 AM
|
#4529 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
| Quote:
Originally Posted by shawnly1000  | not so boss when its other ppl's money (not saying that is - didn't read it)
| |
| | |
07-15-2011, 08:33 AM
|
#4530 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
|
For those still in CUU, how low of a SP will you tolerate before selling? I'm thinking of putting some of my "ultra-high-risk" money into CUU now that the selling is tapering off. Furthermore, what do you guys think will happen to gold/silver once the US agrees on a debt deal next week?
| |
| | |
07-15-2011, 08:39 AM
|
#4531 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,655
Thanked 756 Times in 380 Posts
Failed 150 Times in 49 Posts
|
cuu, why you make me so sad???
| |
| | |
07-15-2011, 09:19 AM
|
#4532 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
stopped out at 1.59, what is wrong with CUU just doesn't make sense.
| |
| | |
07-15-2011, 10:03 AM
|
#4533 | | Need my Daily Fix of RS
Join Date: Jan 2006 Location: .
Posts: 290
Thanked 6 Times in 5 Posts
Failed 0 Times in 0 Posts
|
questrade margins went from 25% to 0% so there was a big sell out today. good news is that the insiders bought a lot of shares today. Will have to reconfirm when they file it but i'm pretty sure it is them.
This is just a guess but i hope there will be big NRs next week to bring back the confidence in the retail investors and bring the SP back up.
released today http://www.copperfoxmetals.com/i/maps/Cu_Model_Plan_View_810m_El.JPG - Fri Jul 15, 2011 | |
| | |
07-15-2011, 10:31 AM
|
#4534 | | My homepage has been set to RS
Join Date: Nov 2004 Location: Burnaby,BC
Posts: 2,053
Thanked 1,185 Times in 304 Posts
Failed 115 Times in 62 Posts
|
if CUU hits 1.50 again i'm gonna buy 5000 shares and hope for the best like you guys lol
__________________
Fast, Reliable, Cheap
A car can be only 2 out of the 3.
| |
| | |
07-15-2011, 10:41 AM
|
#4535 | | My homepage has been set to RS
Join Date: Nov 2004 Location: Burnaby,BC
Posts: 2,053
Thanked 1,185 Times in 304 Posts
Failed 115 Times in 62 Posts
|
damn good thing i didnt listen to the "experts" and bought into UUU at $2.50... uranium is coming back 
__________________
Fast, Reliable, Cheap
A car can be only 2 out of the 3.
| |
| | |
07-15-2011, 11:22 AM
|
#4536 | | Revscene.net has a homepage?!
Join Date: Sep 2008 Location: nowhere
Posts: 1,233
Thanked 792 Times in 158 Posts
Failed 49 Times in 13 Posts
|
cut my losses on CUU (still holding some shares till the buyout), but FEED is going up  | |
| | |
07-15-2011, 12:35 PM
|
#4537 | | Need my Daily Fix of RS
Join Date: Jan 2006 Location: .
Posts: 290
Thanked 6 Times in 5 Posts
Failed 0 Times in 0 Posts
|
With the release of the Chargeability Model and huge buy from Ernesto today (744k shares), i think CUU is looking for a great week next week. My guess is there will be some type of news next week.
Today was a rough day but we ended up rebounding quite nicely and the L2 looks promising with a lot of potential buyers.
| |
| | |
07-15-2011, 12:49 PM
|
#4538 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
|
Do you have the link/filing for Ernesto's buys lately?
| |
| | |
07-15-2011, 02:53 PM
|
#4539 | | Need my Daily Fix of RS
Join Date: Jan 2006 Location: .
Posts: 290
Thanked 6 Times in 5 Posts
Failed 0 Times in 0 Posts
|
1907053 2011-07-14 2011-07-15 Direct Ownership :
10 - Acquisition or disposition in the public market +20,000 1.6000 197,356,511
1907054 2011-07-15 2011-07-15 Direct Ownership :
10 - Acquisition or disposition in the public market +724,600 1.5600 198,081,111
order is # of buys , price, total shares owned.
not sure how this is going to look but this is the buy.
I cannot give you the direct link to this information because of the website design but if you want to look yourself. Go to www.sedi.ca and look for Ernesto Echavarria.
| |
| | |
07-15-2011, 05:06 PM
|
#4540 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,655
Thanked 756 Times in 380 Posts
Failed 150 Times in 49 Posts
|
wow...damn nice
might have to dump my remaining opl and pick up some "cheap" cuu
| |
| | |
07-15-2011, 06:41 PM
|
#4541 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
lol ernesto doesn't fuck around!
| |
| | |
07-15-2011, 07:06 PM
|
#4542 | | My homepage has been set to RS
Join Date: May 2011 Location: Vancouver
Posts: 2,489
Thanked 1,458 Times in 588 Posts
Failed 16 Times in 9 Posts
|
He's from Sinaloa...cartel anybody?  | |
| | |
07-15-2011, 10:39 PM
|
#4543 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
| Insider Selling Jumps to Highest Level Since 2007 (Update2) - Bloomberg
Insider selling and buying isn't always the right indicator to predict future stock price movement. This article was written back in April of 2009. We all know what happened since.
It wouldn't surprise me CUU test the low it made on June 11 at 1.45, which is also the 200 days moving average.
| |
| | |
07-16-2011, 03:35 AM
|
#4544 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by Carl Johnson Insider Selling Jumps to Highest Level Since 2007 (Update2) - Bloomberg
Insider selling and buying isn't always the right indicator to predict future stock price movement. This article was written back in April of 2009. We all know what happened since.
It wouldn't surprise me CUU test the low it made on June 11 at 1.45, which is also the 200 days moving average. | While I agree that one cannot trade consistently well based on insider transactions, there is a difference between insider selling and insider buying. Insider selling can happen for a variety of reasons, whether they be for tax deductions, family needs, debt refinancing, taking advantage of a recent rally, or simply to spurge on a new yacht. Insider buying, however, almost always implies that the insider knows something more than that which is reflected in the SP, because buying involves taking money out of some other vehicles (bonds, property, ETFs, or property) and putting it into the stock.
In the case of CUU, though, because that Mexican already has nearly 50% of the shares, I don't really know what he is doing. He obviously cannot dump his share on the open market, so the only other option is a buyout. Without a buyout, his shares are worthless. So perhaps a buyout is in play, but what's not to say that the buyout price is at $1.50? I think most of the insiders, having bought in at $0.10, would be happy with a 15X gain, no strings attached. The retail investor might not be happy with this, but why would the insiders care about them when they own most of the company and therefore do not need their votes?
On a side note, I should have bought into Prophecy Platinum!
| |
| | |
07-16-2011, 11:13 AM
|
#4545 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
| Quote:
Originally Posted by DOHCVTEC While I agree that one cannot trade consistently well based on insider transactions, there is a difference between insider selling and insider buying. Insider selling can happen for a variety of reasons, whether they be for tax deductions, family needs, debt refinancing, taking advantage of a recent rally, or simply to spurge on a new yacht. Insider buying, however, almost always implies that the insider knows something more than that which is reflected in the SP, because buying involves taking money out of some other vehicles (bonds, property, ETFs, or property) and putting it into the stock.
In the case of CUU, though, because that Mexican already has nearly 50% of the shares, I don't really know what he is doing. He obviously cannot dump his share on the open market, so the only other option is a buyout. Without a buyout, his shares are worthless. So perhaps a buyout is in play, but what's not to say that the buyout price is at $1.50? I think most of the insiders, having bought in at $0.10, would be happy with a 15X gain, no strings attached. The retail investor might not be happy with this, but why would the insiders care about them when they own most of the company and therefore do not need their votes?
On a side note, I should have bought into Prophecy Platinum! | I also think a buyout is in play , no way with a 4-8$ premium, I also think the premium is going to be something retails are going to despise lol around 3$ imo
| |
| | |
07-16-2011, 12:11 PM
|
#4546 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by strykn I also think a buyout is in play , no way with a 4-8$ premium, I also think the premium is going to be something retails are going to despise lol around 3$ imo | I think the takeover will probably be at $1.50. Most of the company is now owned by insiders. Thus, obtaining majority shareholder approval, say at 75%, will not be difficult - even if every single retail shareholder opposes. Heck, even a takeover of $1.00 might be approved, given the economy now.
| |
| | |
07-16-2011, 01:01 PM
|
#4547 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
| Quote:
Originally Posted by xpl0sive damn good thing i didnt listen to the "experts" and bought into UUU at $2.50... uranium is coming back | hell yeah, bought 6000 shares at $2.50 too...not selling this one for a while. Another one to look into is DML. These 2 will give you some good returns in the next little while.
And lol, can't say I didn't see that one coming on CUU, classic dump on the news scenario. Stick a fork in it, CUU is done for a while.
| |
| | |
07-16-2011, 01:45 PM
|
#4548 | | 14 dolla balla aint got nothing on me!
Join Date: Jan 2004 Location: Burnaby
Posts: 624
Thanked 48 Times in 26 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by DOHCVTEC I think the takeover will probably be at $1.50. Most of the company is now owned by insiders. Thus, obtaining majority shareholder approval, say at 75%, will not be difficult - even if every single retail shareholder opposes. Heck, even a takeover of $1.00 might be approved, given the economy now. | yea well if the buyout is going to be around $1.50 (or even $1), it wouldn't make sense for ernesto to be buying in the open market at $1.56 ~ $1.6 like he has in the past few days...
and since ernesto owns over 55% of the shares, as long as he says 'no' to a price lower than what he's been buying at, then the takeover won't happen.
| |
| | |
07-16-2011, 02:00 PM
|
#4549 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by CT10 yea well if the buyout is going to be around $1.50 (or even $1), it wouldn't make sense for ernesto to be buying in the open market at $1.56 ~ $1.6 like he has in the past few days...
and since ernesto owns over 55% of the shares, as long as he says 'no' to a price lower than what he's been buying at, then the takeover won't happen. | At the current CUU price, Ernesto's shares are worth about $300+ million. He has spent less than $2 million in buying on the open market, perhaps just to give CUU retailers that confidence they need to push the SP higher. If the takeover doesn't happen, then CUU is done. Ernesto's shares are worthless without a takeover, because he can't sell them on the open market. So for that reason, I fully expect him to accept a low-ball offer. If you were him, having invested just $30 million a couple years ago, which is now worth $300+ million, would you take that and call it a good day? Or would you nickel and dime, dragging out the process and thus risking a collapse in the economy?
| |
| | |
07-16-2011, 02:13 PM
|
#4550 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,655
Thanked 756 Times in 380 Posts
Failed 150 Times in 49 Posts
|
ugh i don't like what you guys have to say...so a buy out at $1.50 would immediately cause a max SP of $1.50
or $1 for that matter?? i just don't see them selling it for that cheap...i know they've made huge moeny on this but that's like selling $1 for $0.05
i hope it's atleast $3....oh please please
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 05:44 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
