Charmin Posted September 1, 2006 Report Share Posted September 1, 2006 Once again we whittle a bit off the edges and come up smack dap into the 620 area. Still cause building on GLD in a trading range between 60-66 after the selling climax down into the June 13 low. Stocks continue to absorb into resistance areas with some running well into old May highs. June 13 low is marked on many stocks with August 9/23 highs marking some resistance with shallow pullbacks from the August highs. Carry on. GLD http://www.StockSharePublishing.com/ChartL..._1157073235.png New high SSRI http://www.StockSharePublishing.com/ChartL..._1157074518.png SLW Jumping into high ground again http://www.StockSharePublishing.com/ChartL..._1157074595.png Link to comment Share on other sites More sharing options...
Tzu Posted September 1, 2006 Report Share Posted September 1, 2006 NXG on fire afterhours trading up to 5 before retreating back to 3.90. What gives?? 22% normal volume after the bell. Can't find any news Link to comment Share on other sites More sharing options...
faramir Posted September 1, 2006 Report Share Posted September 1, 2006 Bearfest, saw the same interview you did on ROBTV. My numbers are a little different. GG gave up 40% of its shares to gain a 23% increase in production. So shares should fall 17% - another 7 % to go? Interesting this wasn't put to a vote. Smells of pure desperation. A rookie move by Goldcorp? Link to comment Share on other sites More sharing options...
faramir Posted September 1, 2006 Report Share Posted September 1, 2006 Not to beat a dead horse or anything, but a poster at another gold forum made the point that GG management called Glamis overvalued back when the competed for Wheaton. He has a point. It's not just how many fewer ounces Glamis produces, but the quality of that production. It's comparing apples and oranges. Goldcorp properties produce at a negative cash cost, while Glamis is well over $200 an ounce to get it out of the ground. This new guy at the helm sure knows how to give Goldcorp a hair cut. Oh, well, from here to 390 on the HUI all the heavy lifting in my portfolio will be done by Barrick. Goldcorp could very well a non-participant. Which begs the question, do I double up to at least break even, or wait until we hit 390, pull back into the 340s and then add something? Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted September 1, 2006 Report Share Posted September 1, 2006 I don't know. GG acquired a few befofe this merger. GLG tried to take GG and failed. No money is changing hands just shares both unheadged already. If GG offered to much it is mute now because the premium has been erased after today's action in GLG. I haven't really seen any pundits put forth their take on this merger. Only thing I did read of interest is that some unnamed anal cyst thought GG could be a takeover target now that their shares are so low. I added a little GG around $27. As long as gold goes up I see no problem. Link to comment Share on other sites More sharing options...
bearvest Posted September 1, 2006 Report Share Posted September 1, 2006 Bearfest, saw the same interview you did on ROBTV.? My numbers are a little different.? GG gave up 40% of its shares to gain a 23% increase in production.? So shares should fall 17% - another 7 % to go?? Interesting this wasn't put to a vote.? Smells of pure desperation.? A rookie move by Goldcorp? <{POST_SNAPBACK}> Here's the interview. Scroll down to 6:30 p.m. for "the Business News..." http://www.robtv.com/shows/past_archive.tv?day=thur Based on Yahoo's numbers, I agree with your 23% number. McEwan used 30%. No vote? Goldcorp says it was to ward off hostile suitors. Glamis, by contrast, is legally obliged to put it to a vote. Big deal. GG: http://finance.yahoo.com/q/ks?s=GG GLG: http://finance.yahoo.com/q/ks?s=GlG Link to comment Share on other sites More sharing options...
bearvest Posted September 1, 2006 Report Share Posted September 1, 2006 SILVER: Link to comment Share on other sites More sharing options...
Tzu Posted September 1, 2006 Report Share Posted September 1, 2006 Ok guys, someone help here. I sold NXG last night at 4.25. It backed off fromthere and I doubled up on a position. Now I am screwed. I have no clue what this means, why it happened, etc..... Erroneous- word of the day NASDAQ Head Trader Alerts August 31, 2006 Head Trader Alert #2006-123 - NASDAQ Will Break Trades in Northgate Minerals Corp. (NXG) Affected by Erroneous Trades Please Route To: Head Traders; Technical Contacts; Compliance Officers What you need to know: NASDAQ? received notice this afternoon that a firm placed erroneous trades through NASDAQ systems in the security Northgate Minerals Corp. (NXG). Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided to break any and all trades in NXG, executed in NASDAQ and its facilities (i.e., NASDAQ Market Center?, Brut and INET), from 5:10:00 p.m. through 5:45:00 p.m., Eastern Time (ET), at a price below $3.64 or above $4.45. UTP participants have agreed to use the same terms for breaking trades that affected their markets. This decision is not appealable. Who you should contact: Please refer questions to NASDAQ MarketWatch at 800.211.4953 ARGGGHHHHH!!! I guess I will get smashed this morning when I thought the stock was going to take off. Scam, sham, thank you mammm.... No action in my account yet. No clue if I sell shares later if they will be taken away since I bought afterhours. No clue why it is illegal, how a firm can do this, what will happen to my realized gains of 15% from the daytrade yesterday, why the firm was buying in the first place, if the shares will actually be reentered again, whether the stock craters or skyrockets, how this will effect margin (small fractrion) or any of this. What a pain in the ass. -I do not deserve the inconvience because of someone elses mistake or stupid trading. I know it is a pipedream but the company buying all the shares should take the pipe. I do not see how they could have done this on accident or why they do not deserve all losses involved. Maybe they were meaning to put in orders for the morning and pushed day +ext on accident or something. Now they may have the option to say forget it now....someone got a free test drive and was able to see everyones hands regardless.... called the 800 number but it puts you on hold forever.. Link to comment Share on other sites More sharing options...
hadjin Posted September 1, 2006 Report Share Posted September 1, 2006 Rough break.. in times past, I read about these busted trades occasionally on IDS. Link to comment Share on other sites More sharing options...
ThorAss Posted September 1, 2006 Report Share Posted September 1, 2006 Ok guys, someone help here. I sold NXG last night at 4.25. It backed off fromthere and I doubled up on a position. Now I am screwed. I have no clue what this means, why it happened, etc..... Erroneous- word of the day NASDAQ Head Trader Alerts August 31, 2006 Head Trader Alert #2006-123 - NASDAQ Will Break Trades in Northgate Minerals Corp. (NXG) Affected by Erroneous Trades Please Route To: Head Traders; Technical Contacts; Compliance Officers What you need to know: NASDAQ? received notice this afternoon that a firm placed erroneous trades through NASDAQ systems in the security Northgate Minerals Corp. (NXG). Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided to break any and all trades in NXG, executed in NASDAQ and its facilities (i.e., NASDAQ Market Center?, Brut and INET), from 5:10:00 p.m. through 5:45:00 p.m., Eastern Time (ET), at a price below $3.64 or above $4.45. UTP participants have agreed to use the same terms for breaking trades that affected their markets. This decision is not appealable. Who you should contact: Please refer questions to NASDAQ MarketWatch at 800.211.4953 ARGGGHHHHH!!! I guess I will get smashed this morning when I thought the stock was going to take off. Scam, sham, thank you mammm.... No action in my account yet. No clue if I sell shares later if they will be taken away since I bought afterhours. No clue why it is illegal, how a firm can do this, what will happen to my realized gains of 15% from the daytrade yesterday, why the firm was buying in the first place, if the shares will actually be reentered again, whether the stock craters or skyrockets, how this will effect margin (small fractrion) or any of this. What a pain in the ass. -I do not deserve the inconvience because of someone elses mistake or stupid trading. I know it is a pipedream but the company buying all the shares should take the pipe. I do not see how they could have done this on accident or why they do not deserve all losses involved. Maybe they were meaning to put in orders for the morning and pushed day +ext on accident or something. Now they may have the option to say forget it now....someone got a free test drive and was able to see everyones hands regardless.... called the 800 number but it puts you on hold forever.. <{POST_SNAPBACK}> ... and there was you thinking it was too good to be true. Here's a 911 for you, the casino is rigged! Try to avoid trading after hours, though. One thing I wonder about is how do you place multiple bad trades when it is limit orders only. Link to comment Share on other sites More sharing options...
Old Habits Posted September 1, 2006 Report Share Posted September 1, 2006 Not to beat a dead horse or anything, but a poster at another gold forum made the point that GG management called Glamis overvalued back when the competed for Wheaton. He has a point. It's not just how many fewer ounces Glamis produces, but the quality of that production. It's comparing apples and oranges. Goldcorp properties produce at a negative cash cost, while Glamis is well over $200 an ounce to get it out of the ground. This new guy at the helm sure knows how to give Goldcorp a hair cut. Oh, well, from here to 390 on the HUI all the heavy lifting in my portfolio will be done by Barrick. Goldcorp could very well a non-participant. Which begs the question, do I double up to at least break even, or wait until we hit 390, pull back into the 340s and then add something? <{POST_SNAPBACK}> Faramir - do you mind explaining note 2 of GG latest quarter? Where it talks about GG's loss of $1662 an oz. "as a byproduct of copper and silver sales" or something of that nature? I look at the Alumbrera mine in the report and wonder why on earth with a loss like that would you even bother to keep a mine open at that cost? Other than that every mine is profitable and overall GG's earnings doubled last quarter and year over year. Link to comment Share on other sites More sharing options...
Old Habits Posted September 1, 2006 Report Share Posted September 1, 2006 How about a nice little comeback for the weekend? Link to comment Share on other sites More sharing options...
bearvest Posted September 1, 2006 Report Share Posted September 1, 2006 XAU: Rangebound today? Link to comment Share on other sites More sharing options...
dharma Posted September 1, 2006 Report Share Posted September 1, 2006 gg sporting hourly divergences, may add again. dharma bought gsx yesterday. below 3 is a gift. Link to comment Share on other sites More sharing options...
Charmin Posted September 1, 2006 Author Report Share Posted September 1, 2006 Supply is going to dry up on GG. When it does, all eyes will be watching. http://www.StockSharePublishing.com/ChartL..._1157127462.png Link to comment Share on other sites More sharing options...
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