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Challenge Chatter
Re: Stock Challenge for September 2012
Hi, Sorry to about your teeth, I guess no one gets off scott free as we get older. This has been my only serious health issue, and it was more negligence on behalf of the first surgeon.
Yes, I just liked the feel over in Turkey, they seem to be on an economic up swing. It would be nice to catch some of that, if you know what you are doing. Good for you.
Those are pretty impressive figures, the likes of which I have not seen since the early 2000's. So if you're not feeling too protective of them, maybe you could shed a little light on some good tips for the upcoming month or two. Three of the stocks I dumped earlier in the year because they looked like they were tanking a bit have all almost doubled since and the ones I did move my money into have gone down so I've not had a good year over all. starting to doubt myself a little bit here. Had I simply left all my stocks the way I started the year I would have been just fine. Anyway, good luck with your health and keep me posted on the Shale play in Turkey. Did you go through a broker. Or did you pick it up on your own?
Bray
B.H.Luft
Re: Stock Challenge for September 2012
BRAY: Thanks for the first hand views on the problems in Greece and the contrasts with Turkey. I actually feel quite positive about the Turkish economy and recently invested in a Canadian company that holds the largest land position in a SHALE play in Turkey that is as big as the Barnett or Eagle Ford shales in the U.S. Don't expect a QUICK return on this investment but wanted to get in early and at .11 it represents a low risk. Just bought a few thousand shares to monitor and pick a good entry point when there is some positive news.
Sorry to hear about your eye problems, sight is such a key and valuable asset, fortunately my health has been good my only problem being dealt with now is my teeth, of which my remaining ones were extracted a month ago and Monday I go in for my first fitting for dentures which will probably take some getting used too.
Picking stocks for Oct. contest was very difficult for me because for some reason the stocks I thought I entered for Sept. which have dome quite well in my portfolio, were apparently never entered, so I haven't checked what the actual percentages were. Was thinking of re-entering them for Oct. but when I checked my CIBC Alerts (trading platform) I found that over the past week 8 of my stocks were up from a range of 5% in a day and 62% to 95% over the past 3 months and one I am looking into that is up 1300% (not a typo) in the past 3 months, so i guess have to throw a dart.
thinker70
Re: Stock Challenge for September 2012
Hi thinker, I like to think of myself as unique and I'm sure we all would, and sometimes I am, but not always for the right reasons. I wish I could give you a solid answer on your question and sorry for taking so long in getting back to you, but I was vacationing in Greece (got trapped in one protest) and Turkey for the past two weeks and there was some travel and lots of day trips involved (including the Istanbul trading market, which was a real treat) Lucky I don't have to trade there every day. It was absolute ma-ham. I'll take my chances here. I decided not to spend much time on the lap top and spend it with my wife. It's hard to spend any time in your hotel room there. So I made my picks and never looked back. It looks like I missed a crazy two weeks.
I even left the BB at home.( a few days of withdrawal but then I was OK) My plan was not to check the market at all, or do any trades even though I had a seven hour advantage working for me. I did come home ahead of where I started but I didn't check Pinnacle even once. So I had no Idea of my Dubious honor, and place in history of the stock challenge. But by the looks of it, I really don't care if it happens again. I rely on most of the members here for my mining stock info as II am out of my league here, but trying to learn a little more each day. I have done extremely well with retail, financials and manufacturing and understand those areas as well as most private investors could.
The other reason for not much on-line time, is a issue with my left eye, and an cataract operation that went horribly wrong earlier this year. I have had several operations since then, and still have to wear an eye patch when on line so I can read. This has made it very difficult for reading and making decisions, and it has be the cause of a few costly errors in typing and caused me to purchase or sell the the wrong stock or quantity. The prognosis is looking OK for the future and I go back in a few weeks for another test, but this has certainly taken some of the fun out of trading at home for now. HOPEFULLY this will be remedied this year. Now that I have that out of the way, does anyone have any info other than the press release on EMI (Electric Metals) merger or reverse take over.This was a bit of a shocker to come home too? And congratulations to the top finishers this month, it was tough a month to come-out on top. Well done!
As for Greece, I stick to my thoughts and comments from over a year ago. The problem in Greece is not the ability to change course, bu their reluctance There simply is none for most of the population. There is plenty of money and opportunity for all there. It is a tough country to earn a living in, and the heat does not help, but the difference between Turkey and Greece is like night and day but the climate is very similar. Just a brief example, but a good one. My wife was in line to buy a ferry ticket from Rhodes to Bodrum Turkey. I was standing guard by the luggage. A very nice man offered me a cigarette ( i don't smoke) then he starting talking to me. We got on to the topic of the economy and he said that he won't hire Greeks as a rule because they don't want to work hard. He said he would always try to hire a Turk or from other countries. We talked for quite awhile. when he left an employee of the fairy approached me and asked if I knew who I was talking to? I replied no idea. The employee said that was the owner of the whole ferry lines, and wanted to know who I was. "Just a tourist" I said. I know some very industrious, hard working Greeks,and I know the majority of them do want to work and will work hard, but there seems to be this attitude surrounding them that they are going to have to work hard to overcome now. It was an interesting conversation to which we both agreed there will be no easy solution.
They are a lovely culture with a fascinating history of survival and pride, I hope they can figure this one out soon. But whatever the outcome, this will be a mere nanosecond in the history of Greece.
Turkey is an up and coming economy once again.- if you have the nerve you should take a look at what it might have to offer.
Bray
B.H.Luft
Re: Stock Challenge for September 2012
Hi Frank. About which one, Mdr or Eli? Most of Mdr has been written. As for Eli, I have no idea. Maybe a PP is in the works.
Re: Stock Challenge for September 2012
OK GoldHo, You have my undivided attention. Tell us more
Elissa ELI
Looks like ELI has awoken. I am surprised no one had picked it for the challenge and that Pinnacle has been silent on it. I had forgotten about it since I bought it in the 20s so many months ago. A pleasant surprise in any case. Fire behind the smoke.
Re: Stock Challenge for September 2012
BRAY: You must be one unique individual. Just checked the "Whose Hot and Who is Cold standings and see you are both lists. Can only assume one of your stocks is HOT and the other is COLD or do you have another explanation for your unique achievement. I know how hard it is to get two stocks HOT for a month at the same time. Good luck in the contest, my profile says I do not have an entry for sept. but I am sure I posted one and they are both doing well so will try again for Oct.
thinker70
Re: Stock Challenge for September 2012
Yes thinker70, I concur. Even with all the due diligence, close contacts (incl with mdr), you still do not in most cases have anything near full transparency. For the last year and a half there have been apparently purchasers putting in lowball offers which the mgmt has rejected. This last round of dilutive financing 1) was being formulated months ago when the market was at its bottom and 2) probably has a bigger story behind it. Apparently they have the debt financing for the mine startup in order. So even after the dip this week there seems to be something else going on with the company which is bringing in trading I haven't seen before or at least not recently. Mdr may be following Rob McEwen's life of a mine cycle and as the company heads towards mine building the price of the shares should gather momentum. In this situation I still don't think they the mgmt believe they will become miners (as opposed to explorers) and that somewhere between now and mine build time some bigger fish will take them out. I have always maintained the market will tell you when something is about to happen with your company not some guy touting the stock for his own benefit. So on that basis, after I got done throwing a hissy after the financing announcement, I have come back to the facts. Those being that mdr has 3 million ozs in the ground (less than $20/oz EV), that is at surface, costs under $400 to mine (according to prefeas), with most of the permitting in place. I think this one is extremely cheap, but that matters little. What will matter is when some mid tier thinks its cheap. So for now I am going to ignore it is in Argentina and that they probably issued some low priced shares to pals who will get a triple on it in a very short time. Glad I didn't sell my shares in the panic. This is a tough racket. All the best to you and Frank Tabbert and the other investors on here.
Re: Stock Challenge for September 2012
Hi Bray, I am not all that familiar with this company so I cannot comment. Volume so thin may be the reason but other than that, I have no idea put put forward
Re: Stock Challenge for September 2012
Hi Frank,
Speaking of IMI what do think is going on there? I noticed the stock moving up a bit once again this week on a small licence agreement deal bu is this just somenone pushing the stock up and then hoping to seel off as is some times the case with this one, or is there somethnig going on here moving the stock up. I've sold off most of what I owned in this one. losing faith in managment. Bray
B.H.Luft
Challenge Chatter
Re: Stock Challenge for September 2012
Hi, Sorry to about your teeth, I guess no one gets off scott free as we get older. This has been my only serious health issue, and it was more negligence on behalf of the first surgeon.
Yes, I just liked the feel over in Turkey, they seem to be on an economic up swing. It would be nice to catch some of that, if you know what you are doing. Good for you.
Those are pretty impressive figures, the likes of which I have not seen since the early 2000's. So if you're not feeling too protective of them, maybe you could shed a little light on some good tips for the upcoming month or two. Three of the stocks I dumped earlier in the year because they looked like they were tanking a bit have all almost doubled since and the ones I did move my money into have gone down so I've not had a good year over all. starting to doubt myself a little bit here. Had I simply left all my stocks the way I started the year I would have been just fine. Anyway, good luck with your health and keep me posted on the Shale play in Turkey. Did you go through a broker. Or did you pick it up on your own?
Bray
B.H.Luft
Re: Stock Challenge for September 2012
BRAY: Thanks for the first hand views on the problems in Greece and the contrasts with Turkey. I actually feel quite positive about the Turkish economy and recently invested in a Canadian company that holds the largest land position in a SHALE play in Turkey that is as big as the Barnett or Eagle Ford shales in the U.S. Don't expect a QUICK return on this investment but wanted to get in early and at .11 it represents a low risk. Just bought a few thousand shares to monitor and pick a good entry point when there is some positive news.
Sorry to hear about your eye problems, sight is such a key and valuable asset, fortunately my health has been good my only problem being dealt with now is my teeth, of which my remaining ones were extracted a month ago and Monday I go in for my first fitting for dentures which will probably take some getting used too.
Picking stocks for Oct. contest was very difficult for me because for some reason the stocks I thought I entered for Sept. which have dome quite well in my portfolio, were apparently never entered, so I haven't checked what the actual percentages were. Was thinking of re-entering them for Oct. but when I checked my CIBC Alerts (trading platform) I found that over the past week 8 of my stocks were up from a range of 5% in a day and 62% to 95% over the past 3 months and one I am looking into that is up 1300% (not a typo) in the past 3 months, so i guess have to throw a dart.
thinker70
Re: Stock Challenge for September 2012
Hi thinker, I like to think of myself as unique and I'm sure we all would, and sometimes I am, but not always for the right reasons. I wish I could give you a solid answer on your question and sorry for taking so long in getting back to you, but I was vacationing in Greece (got trapped in one protest) and Turkey for the past two weeks and there was some travel and lots of day trips involved (including the Istanbul trading market, which was a real treat) Lucky I don't have to trade there every day. It was absolute ma-ham. I'll take my chances here. I decided not to spend much time on the lap top and spend it with my wife. It's hard to spend any time in your hotel room there. So I made my picks and never looked back. It looks like I missed a crazy two weeks.
I even left the BB at home.( a few days of withdrawal but then I was OK) My plan was not to check the market at all, or do any trades even though I had a seven hour advantage working for me. I did come home ahead of where I started but I didn't check Pinnacle even once. So I had no Idea of my Dubious honor, and place in history of the stock challenge. But by the looks of it, I really don't care if it happens again. I rely on most of the members here for my mining stock info as II am out of my league here, but trying to learn a little more each day. I have done extremely well with retail, financials and manufacturing and understand those areas as well as most private investors could.
The other reason for not much on-line time, is a issue with my left eye, and an cataract operation that went horribly wrong earlier this year. I have had several operations since then, and still have to wear an eye patch when on line so I can read. This has made it very difficult for reading and making decisions, and it has be the cause of a few costly errors in typing and caused me to purchase or sell the the wrong stock or quantity. The prognosis is looking OK for the future and I go back in a few weeks for another test, but this has certainly taken some of the fun out of trading at home for now. HOPEFULLY this will be remedied this year. Now that I have that out of the way, does anyone have any info other than the press release on EMI (Electric Metals) merger or reverse take over.This was a bit of a shocker to come home too? And congratulations to the top finishers this month, it was tough a month to come-out on top. Well done!
As for Greece, I stick to my thoughts and comments from over a year ago. The problem in Greece is not the ability to change course, bu their reluctance There simply is none for most of the population. There is plenty of money and opportunity for all there. It is a tough country to earn a living in, and the heat does not help, but the difference between Turkey and Greece is like night and day but the climate is very similar. Just a brief example, but a good one. My wife was in line to buy a ferry ticket from Rhodes to Bodrum Turkey. I was standing guard by the luggage. A very nice man offered me a cigarette ( i don't smoke) then he starting talking to me. We got on to the topic of the economy and he said that he won't hire Greeks as a rule because they don't want to work hard. He said he would always try to hire a Turk or from other countries. We talked for quite awhile. when he left an employee of the fairy approached me and asked if I knew who I was talking to? I replied no idea. The employee said that was the owner of the whole ferry lines, and wanted to know who I was. "Just a tourist" I said. I know some very industrious, hard working Greeks,and I know the majority of them do want to work and will work hard, but there seems to be this attitude surrounding them that they are going to have to work hard to overcome now. It was an interesting conversation to which we both agreed there will be no easy solution.
They are a lovely culture with a fascinating history of survival and pride, I hope they can figure this one out soon. But whatever the outcome, this will be a mere nanosecond in the history of Greece.
Turkey is an up and coming economy once again.- if you have the nerve you should take a look at what it might have to offer.
Bray
B.H.Luft
Re: Stock Challenge for September 2012
Hi Frank. About which one, Mdr or Eli? Most of Mdr has been written. As for Eli, I have no idea. Maybe a PP is in the works.
Re: Stock Challenge for September 2012
OK GoldHo, You have my undivided attention. Tell us more
Elissa ELI
Looks like ELI has awoken. I am surprised no one had picked it for the challenge and that Pinnacle has been silent on it. I had forgotten about it since I bought it in the 20s so many months ago. A pleasant surprise in any case. Fire behind the smoke.
Re: Stock Challenge for September 2012
BRAY: You must be one unique individual. Just checked the "Whose Hot and Who is Cold standings and see you are both lists. Can only assume one of your stocks is HOT and the other is COLD or do you have another explanation for your unique achievement. I know how hard it is to get two stocks HOT for a month at the same time. Good luck in the contest, my profile says I do not have an entry for sept. but I am sure I posted one and they are both doing well so will try again for Oct.
thinker70
Re: Stock Challenge for September 2012
Yes thinker70, I concur. Even with all the due diligence, close contacts (incl with mdr), you still do not in most cases have anything near full transparency. For the last year and a half there have been apparently purchasers putting in lowball offers which the mgmt has rejected. This last round of dilutive financing 1) was being formulated months ago when the market was at its bottom and 2) probably has a bigger story behind it. Apparently they have the debt financing for the mine startup in order. So even after the dip this week there seems to be something else going on with the company which is bringing in trading I haven't seen before or at least not recently. Mdr may be following Rob McEwen's life of a mine cycle and as the company heads towards mine building the price of the shares should gather momentum. In this situation I still don't think they the mgmt believe they will become miners (as opposed to explorers) and that somewhere between now and mine build time some bigger fish will take them out. I have always maintained the market will tell you when something is about to happen with your company not some guy touting the stock for his own benefit. So on that basis, after I got done throwing a hissy after the financing announcement, I have come back to the facts. Those being that mdr has 3 million ozs in the ground (less than $20/oz EV), that is at surface, costs under $400 to mine (according to prefeas), with most of the permitting in place. I think this one is extremely cheap, but that matters little. What will matter is when some mid tier thinks its cheap. So for now I am going to ignore it is in Argentina and that they probably issued some low priced shares to pals who will get a triple on it in a very short time. Glad I didn't sell my shares in the panic. This is a tough racket. All the best to you and Frank Tabbert and the other investors on here.
Re: Stock Challenge for September 2012
Hi Bray, I am not all that familiar with this company so I cannot comment. Volume so thin may be the reason but other than that, I have no idea put put forward
Re: Stock Challenge for September 2012
Hi Frank,
Speaking of IMI what do think is going on there? I noticed the stock moving up a bit once again this week on a small licence agreement deal bu is this just somenone pushing the stock up and then hoping to seel off as is some times the case with this one, or is there somethnig going on here moving the stock up. I've sold off most of what I owned in this one. losing faith in managment. Bray
B.H.Luft