Tuesday, October 23, 2012
What I'm watching
Here's some things I'm watching, in preparation for the bottom....
Argonaut is falling back nicely. I'll have to see if Jojo has a buyback target for it. Could this barf all the way to $8.50, you think? I might just buy the Dec 2012 warrants: after all, I'm a swing-trader anyway.
BTO is also falling back on declining volume, after emitting a load of paper to buy something in the Philippines or wherever. Don't be surprised if Otto eats a dish of crow and calls this one a buy sometime!
DPM is the junk version of B2 - they buy stuff that sucks, but make money on it. I've made money on them before, and they have insufficient interest outside of GDXJ so they tend to swing a lot intraday as GDXJ selling unfairly influences their share price.
All I have to say is, you must be a lover of butthurt to be short Primero. Dude, why do you think it's up on increasing volume? Because the market is stupid? Newsflash: you are correct, the market is stupid, and you gotta be on the right side of the stupid to make money.
Then again, maybe it goes down from here.
Vista Gold: I have no clue what they do, but they have a weird three-phase warrants structure with out-of-the-money warrants with multiple strike prices at multiple years. I guess if it starts going up, those warrants will be a fun place to be?
And Calibre Mining just printed a $0.25, so I'll have to buy sme expensive booze for the weekend.