By Request: What’s Going on With Sandstorm?
by Travis Johnson, Stock Gumshoe | November 15, 2012 9:45 am
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Source URL: https://www.stockgumshoe.com/2012/11/by-request-whats-going-on-with-sandstorm/
Thanks Travis …been hungry for news on SAND. Do you have any thoughts on ARCO now that it’s ‘gravity-bound’ as well?
Haven’t looked at ARCO closely in recent weeks, but it looks like estimates have come way down for next year, so that clearly hurts, and Mama McD is certainly having a rough time now that their growth has slowed as well. Still like the idea of it, still haven’t gotten interested enough to buy — it’s still priced at a bit of a premium to the market on a forward PE basis, though it’s arguably in the same neighborhood as MCD, YUM and BKW on that basis.
Thanks very much!
Yes, I’ve been watching it tank as well. I use the Wilson’s Relative Price Channel Indicator. (No relation). Seems it is now in bear territory and may likely go to the outside of the band. This would mean around the listing price, which is fine because I’ve allocated some more money to buy in at this point. See it as an opportunity to get more. If it does do this – IF, then it will probably reverse fairly quickly and head back up, as that is what happens when you use these bands as indicators. The above description would be the best scenario. What some stocks can do is head into a band and then just languish in it. BUT this is not a you-beaut Travis explanation – it’s purely technical and technical traders are by no means always correct, so just take it as “an explanation”.
The last few days have certainly hurt my portfolio with this drop. Not that I am leaving SAND and taking my losses, in fact; buying more now is what I am tempted to do.
It has dropped almost 25% (from $14.5 to $11) in a few days so “a couple of bucks” certainly hurts too! :o)
That on what was simply a Cramer comment! (at least the trigger seemed to be that).
Sandra; you mentioned the listing price – what was that? on the USD 8-10 range I believe?
Cheers!
Hi Ben, Well I had thought the listing price was around $10, but Travis would be the person to ask about this. Mine is only a guess.
Should have checked the chart again. My chart shows that SAND’s first trading day was on the 23rd August, 2012. It opened at $9.78, closed at $9.57. Had a high for the day of $10 and a low of $9.57. The WRPC outside bear channel is starting to turn down. The fellow who developed this indicator is an Australian by the name of Leon Wilson. He has been very secretive about how these bands work, although is happy to talk about how one uses them. Listing price per se, may be a little more or less than the above. I was going off the open price on the first day of trade. So Travis, if you are aware of the actual listing price of the stock, you may be able to clear this up for Ben. Thanks guys.
Cheers.
Hi Sandra! Appreciated! Thanks!
You are welcome. Just in case you want to look at Leon’s work, try http://www.thetradersshop.com/
Management has met a new foe which could be good in the spring/summer when the Chinese realize that just buying deals so no one else gets there feet wet is sometimes or more than sometimes lack of due diligence. I kind of favor letting China over pay so no body else can play, at least the mines that where patchy at best get more yang than they where worth, China does not wait for the sail price they cut the fin off and throw the rest back in, it is in there blood. Now if you take the due diligence of SAND on either company it would be a bad sign on managements projection if some of there deals don’t pay off sooner that means that Sand knew what or how close that the company they where looking at was close to producing. So the Brigus really makes Sand look smarter . The 35 to 1 odds of playing the same number on roulette is a sentiment but when you look at say 400 which is roughly what they said to get the deals they got, it shows you that they where a lot smarter than just a spin of the wheel. Now China has the cash to spin the wheel much more while Sand has a budget that creates a strategic advantage , even though Sand took a financial hit because of a buyback or how ever you put it , that is a lesson they where prepared for, do not think that there checks will bounce or there is a financial flaw, it is a good thing in the long run. Now if you want to play golf with Krammer you better bring your foot wedge because if he said the sky was falling that would mean it might rain he simply is on a media kick granted he makes good points but his real job is tv ratings and getting interviews and a lot of that is done by simply not having manors unless you agree with him. I would put him in a room with Nolan Watson and give them both the same test and I know who would win and I know who would try to say I should have won Jim is good at analyzing the results of what could have been and Nolan does not have that luxury or his team , so who needs the tele prompter or the Monday PAPER on SUNDAY to give you the news. Loose lips sink ships, if there was never any pullbacks there would be no market. No offense Jim I like your bells and whistles you have showed me a lot to stay away from more than go after. Hows my make up, but he is more fun to watch than his anal side just think the ratings they would get if he had a twin sometimes I wonder. Some people can make it on radio and some can make it on tv but calls and puts are different, just think if Gallahger had a stock show what would happen to food commodities it would great he should invite him on in season for that , he is a patriot and is welcome on my tv set anytime. Did SPROTT buy a 5 OF BRAZILIAN RESOURCES or was that a miss print or street talk? GOOD SITE GUMSHOE!
You have to believe a gold standard will anchor the future credible currencies of the world, and if so, this company will do very well.
sandy I am interested in leons system . Do you have to subscribe to his newsletter to use it or can one read his books and feel comfortable enough to use it? I use elliott wave but leons system does sound tempting thank you bob smith
Hey guys think your comments are right on the money. Gold has always been the standard and i don’t think our TV comrade can undo that. Stay alert and keep the comments coming. CVB