SAND
by twjd | April 11, 2013 2:36 pm
Looking at the charts on Sand looks like we are getting very close to sell signal. I’m thinking around 8.50-8.60. Any other thoughts.
Source URL: https://www.stockgumshoe.com/2013/04/microblog-sand/
SANDby twjd | April 11, 2013 2:36 pm
Looking at the charts on Sand looks like we are getting very close to sell signal. I’m thinking around 8.50-8.60. Any other thoughts.
Source URL: https://www.stockgumshoe.com/2013/04/microblog-sand/
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I’m a big believer in,”WHEN IT’S MAY–WALK AWAY!!.” Almost May now.
—-used to day trade, getting back to watching market trend/s. I too from past experience recall May to be the month to get out of the market as a whole, so do you get back in around
September, and do you leave anything on paper or get completely out?
Gold seems to falling like a sharp knife don’t grab it till it hits the floor!
SAND at 7 bucks….can…not….resist……!
It’s dropping on good volume, I’m staying on the sidelines.
Sold today – I’m all out. Was a slight loss. I will check back in after a month. Glad I got out of the warrants
Probably a good move. I know it’s difficult to sell when it’s dropping in price as quick as it is moving down. There will be buying opportunities again. My concern is that this may not be a short term drop in gold. Just my thoughts.
I think that is true. Investech Newsletter (one of my most reliable sources) provided an analysis nearly two years ago. They are in the ‘bubble’ watching business and have an incredible history (reviewed here on Gumshoe).
They mentioned golds target price (back then) using a normalized run rate should be 700-750. Anything more (it was nearly 1700) was a ‘risk premium’ to hedge against inflation.
With inflation expectations low and the fed likely to pursue a rate increase slowly, this expectation component is withering away.
I do regret not selling my full position in Sand via stop loss orders when it peaked. All gains I had there were washed out by the loss now. BUT, in hindsight it could have been really bad, especially with the warrants. Now that I’m out I have peace of mind 🙂 And that is worth a lot!
BTW, Sand dropped another 8% today AND warrants probably will drop more.
On the bright side, I will buy some gold coins etc in a few months to start building up a position in the physical metal slowly. I will also re-visit sand in 3 months (I have a rule not to buy into a position I sold for at least 3 months to prevent getting caught up in emotion!)
Very good points and comments!
The extraction cost of an ounce of gold for many miners is over $1000. As gold price approaches that, they will begin failing – causing exploration and expansion to be halted. Simple supply/demand would then cause the metal to rebound.
I could not resist to double down at USD 7, so will now wait it out and pray…. ;o)
Nothing wrong with taking advantage of a buying opportunity. My gut tells me this may not be a short term drop.
I do thinks Ronald’s comments are encouraging.
Hey friends I’m not negative on SAND, they just happen to be tied to Gold.
Hi Todd,
Yes – that is the tricky part about SAND. Great management and vision, but if in a sector that is taking a beating they will of course still suffer. Yesterday we saw a healthy 10% rebound (back to my most recent buying price of USD 7 – so I did not pick the perfect bottom!). That was with gold itself only having a modest 1% rebound.
Short term I think that gold, and especially gold equities, are in for a rebound – it is over sold even at golds current price.
Then again; do not listen to me; Apple is my biggest holding…… not been a pretty 2013 for this boy! Now where was that Vanguard total market ETF again… ? :o)
Cheers!
Ben,
I enjoy reading everyone’s thoughts and reasoning’s, the best way to learn. We all enjoy the challenge of investing are we wouldn’t be here. I wouldn’t be concerned about picking a perfect bottom, as long as we sell higher than we bought we made progress.
As for Apple I’m very unhappy with them, personal reason though. My IPAD 2 is having problems connecting to the WIFI and they don’t want to take any ownership in the problem. It was working fine till I updated the latest software. They want me to pay another 250 dollars to purchase a refurbished IPAD. I’m so frustrated with Apple.
Hi Travis,
I was wondering if you have an opinion on a teaser Daily Wealth ( A Stansberry product), listed today, although it may be a repeat that I missed. It touted the 5 things you can do to survive the coming demise of the dollar and predictable chaos they claim will follow and affect us all tremendously…..scary!