I'm not adding here, but I'm certainly not trimming either. Would love to herea bearish argument.ER
Ed, shorting is the most difficult thing to do in trading as losses are unlimited, and that really builds fear if you are in a losing position.I think the better way to play it in the miners and metals is take a view ( bull )...and trade some out from time to time.I let go about 20% of my AG long position this am and wrote some covered calls a few days ago..Logic tells me we should correct from here.
Ed,CDE is going to release earnings early Feb. for the 4th quarter. What is your opinion as to where this may go?
Quote from: ken on January 24, 2017, 04:03:27 PMEd,CDE is going to release earnings early Feb. for the 4th quarter. What is your opinion as to where this may go?I hate to say, I have no Idea how earnings will effect CDE or really any of the miners. We do know Au and Ag prices were lower in Q4 than Q3, someone else knows how this may effect earnings better than I do.Generally speaking I would add 10% on a beat and -10% on a big miss. Real close to guidance and it won't effect PPS.I must state that i was wrong above when I said options expiration was this week it was Friday the 20th from what I found. If this is wrong, someone please correct me. Futures expire Friday the 27th. CDE is definitely looking much better for the spring.My chart is a mess and old I will try to get a good update and post it in CDE.
you know I am not always bullish and try to see both sides. My best bearish argument at this time is futures and options expiration at the end of this week. Something like is is defiantly possible and even tradable if you know how to short with you own indicators and stop losses and targets and timeframes. I can't, I missed the whole 5 yr bear hardly charted , had no stocks at all. and sat on Phys. Seen some pretty nasty stuff back when i was perma bull. i know better now as you can see from what I started out as here on SSAnd i wouldn't short silver under any circumstance but know a few who do it well. Kudos to them, I am trying to learn both sides.