Comments on: One Day New Jersey Seminar http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/ Stock Market Commentary On Metals and Mining Stocks, Small-Cap Stocks, Precious Metals, Base Metals, Stocks and Commodities Sun, 22 Nov 2009 19:08:33 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Upcoming Conferences and NY Jets as Speakers « Grandich’s Blog http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8166 Upcoming Conferences and NY Jets as Speakers « Grandich’s Blog Wed, 01 Jul 2009 20:17:04 +0000 http://grandich.agoracom.com/?p=2778#comment-8166 [...] Jersey Shore One-Day Conference August 15, 2009 [...] [...] Jersey Shore One-Day Conference August 15, 2009 [...]

]]> By: susan http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8112 susan Mon, 29 Jun 2009 21:48:03 +0000 http://grandich.agoracom.com/?p=2778#comment-8112 Thanks Roger for the clarification. I have problems just figuing out Scottrade not to mention any Forex! Thanks Roger for the clarification. I have problems just figuing out Scottrade not to mention any Forex!

]]> By: Tony http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8110 Tony Mon, 29 Jun 2009 20:04:47 +0000 http://grandich.agoracom.com/?p=2778#comment-8110 @Klaus and Ryan: I very much agree with what Klaus said. I made two trades with OPC -- one went great and a smaller one not so well -- and followed it somewhat. Fundamentally OPC has been somewhat gutted by the sale of most of its assets to Nexgen; and the need for financing through share dilution is not a good sign; and the TSX suspended trading on OPC for a couple of days there (what's up with that?); and I read somewhere that OPC has had to hedge itself by selling it's oil at $75 a barrel, so that would limit upside gain as well if oil goes higher. I couldn't find really anything positive in my research to counterbalance all this negativity, so I sold my shares and put them in a natural gas ETF (GAS on the TSX). @Klaus and Ryan:
I very much agree with what Klaus said. I made two trades with OPC — one went great and a smaller one not so well — and followed it somewhat. Fundamentally OPC has been somewhat gutted by the sale of most of its assets to Nexgen; and the need for financing through share dilution is not a good sign; and the TSX suspended trading on OPC for a couple of days there (what’s up with that?); and I read somewhere that OPC has had to hedge itself by selling it’s oil at $75 a barrel, so that would limit upside gain as well if oil goes higher. I couldn’t find really anything positive in my research to counterbalance all this negativity, so I sold my shares and put them in a natural gas ETF (GAS on the TSX).

]]> By: Roger http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8108 Roger Mon, 29 Jun 2009 17:24:37 +0000 http://grandich.agoracom.com/?p=2778#comment-8108 Oops. That should be Susie, not Susan. Sorry, Roger. Oops.

That should be Susie, not Susan.

Sorry,
Roger.

]]> By: Roger http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8107 Roger Mon, 29 Jun 2009 17:23:58 +0000 http://grandich.agoracom.com/?p=2778#comment-8107 Susan, I have never seen or heard of a forex program that wasn't essentially a scam. Anyone else feel free to chime in; I certainly haven't seen/heard of them all. Roger. Susan,

I have never seen or heard of a forex program that wasn’t essentially a scam.

Anyone else feel free to chime in; I certainly haven’t seen/heard of them all.

Roger.

]]> By: Ryan P. http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8106 Ryan P. Mon, 29 Jun 2009 16:39:35 +0000 http://grandich.agoracom.com/?p=2778#comment-8106 Klaus, Thank you so much for your continued help. I see your point about putting fresh money into OPC and whether there are better positions. I will think about that. I have the outlook that gold is becoming a play. I am currently looking at CEE, AZG, NSU, and HGU as potential plays. What do you think of any of these, and do you have any other suggestions. I also am wondering if you follow ML at all, and if you have any insight into the weird trading action of that share price of late. Thanks again. Ryan Klaus,

Thank you so much for your continued help. I see your point about putting fresh money into OPC and whether there are better positions. I will think about that. I have the outlook that gold is becoming a play. I am currently looking at CEE, AZG, NSU, and HGU as potential plays. What do you think of any of these, and do you have any other suggestions. I also am wondering if you follow ML at all, and if you have any insight into the weird trading action of that share price of late. Thanks again.

Ryan

]]> By: Klaus Willmann http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8105 Klaus Willmann Mon, 29 Jun 2009 14:46:28 +0000 http://grandich.agoracom.com/?p=2778#comment-8105 Ryan, Right now, OPC looks technically horrible (if horrible could be a technical term). It was breaking down even before the financing fiasco. All companies in the "need to finance" category are vulnerable right now. Investors generally do not like dilution, especially if the offering price is significantly below the current share price. That said, it has good support in the $2.00-$1.75 area. I suspect it will drift into that range and stay there for a while. If that breaks down, I'd sell. Just as a general principle, averaging down sometimes works, but it's usually a bad idea. Before you do so, consider this question: Is this the best use of fresh money or are there better opportunities out there? The overall market appears to be in consolidation/retrace/topping mode, which may last a month or two. I don't know whether it will be a sideways or down move, but market internals went negative on Jun 16. When that happens, I start selling (since I own so many different stocks, selling for me is a process, not an event). Internals went back to positive last Friday, but there was an extraordinary amount of end-of-quarter window-dressing methinks, so I don't trust the indicator. I'm going to continue to sell strength. If the internals stay positive into next week, I'll go back to buying dips. One final note: Last week the gold bugs index (HUI) put in a very bullish "3 white soldiers" candle formation. This may indicate that PM stocks have completed their pullback and may start a run very soon. Ryan, Right now, OPC looks technically horrible (if horrible could be a technical term). It was breaking down even before the financing fiasco. All companies in the “need to finance” category are vulnerable right now. Investors generally do not like dilution, especially if the offering price is significantly below the current share price. That said, it has good support in the $2.00-$1.75 area. I suspect it will drift into that range and stay there for a while. If that breaks down, I’d sell.

Just as a general principle, averaging down sometimes works, but it’s usually a bad idea. Before you do so, consider this question: Is this the best use of fresh money or are there better opportunities out there?

The overall market appears to be in consolidation/retrace/topping mode, which may last a month or two. I don’t know whether it will be a sideways or down move, but market internals went negative on Jun 16. When that happens, I start selling (since I own so many different stocks, selling for me is a process, not an event). Internals went back to positive last Friday, but there was an extraordinary amount of end-of-quarter window-dressing methinks, so I don’t trust the indicator. I’m going to continue to sell strength. If the internals stay positive into next week, I’ll go back to buying dips.

One final note: Last week the gold bugs index (HUI) put in a very bullish “3 white soldiers” candle formation. This may indicate that PM stocks have completed their pullback and may start a run very soon.

]]> By: john http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8102 john Mon, 29 Jun 2009 13:41:27 +0000 http://grandich.agoracom.com/?p=2778#comment-8102 Peter would you ever consider hosting a teaching conference on the "grandich style" of reading technical charts? Peter
would you ever consider hosting a teaching conference on the “grandich style” of reading technical charts?

]]> By: Marc http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8101 Marc Mon, 29 Jun 2009 13:39:58 +0000 http://grandich.agoracom.com/?p=2778#comment-8101 David Frum: Canada well-positioned to benefit from Obamanomics: http://network.nationalpost.com/np/blogs/fullcomment/archive/2009/06/28/david-frum-canada-well-positioned-to-benefit-from-obamanomics.aspx David Frum: Canada well-positioned to benefit from Obamanomics:

http://network.nationalpost.com/np/blogs/fullcomment/archive/2009/06/28/david-frum-canada-well-positioned-to-benefit-from-obamanomics.aspx

]]> By: Ryan P. http://grandich.agoracom.com/2009/06/one-day-new-jersey-seminar/comment-page-1/#comment-8099 Ryan P. Mon, 29 Jun 2009 13:15:18 +0000 http://grandich.agoracom.com/?p=2778#comment-8099 Klaus, How are things going? I was wondering if you could give me a technical outlook on OPC right now. I am considering averaging down at the $1.70-$1.80 mark, if it gets there. This story is a mess right now and confused on what move to make next with it. Any insight would be greatly appreciated. Thanks, Ryan Klaus,

How are things going? I was wondering if you could give me a technical outlook on OPC right now. I am considering averaging down at the $1.70-$1.80 mark, if it gets there. This story is a mess right now and confused on what move to make next with it. Any insight would be greatly appreciated.

Thanks,
Ryan

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