Welcome to the Equinox Gold Hub On AGORACOM

Free
Message: Re: 2Q - 2010 guidance down, conf. call today at 2PM EST

Well, it was a spirited defence of 41 cents, that's for sure. I waded in at 15 minutes to close, saw a nice 40k at 41 cents and couldn't pass it up.

Now I am grossly overweight Century. I mean, this is the most I held since the CTO. At least I got rid of my other position (RVM) at a profit today.

But it looks like 41's about the bottom, lots of bids were materializing at that price. That'd maybe support the rookie thesis that the production, grade and cash cost negatives were already priced into this dog.

Anyway, we'll see. I'm certainly waiting with bated breath to see if that 200,000 share ask at something like 42.5 disappears the minute the bids get close. I don't see how anyone could be selling 200,000 shares at that price... when, exactly, did they buy them? In that case, proper resistance in the L2 starts around 44.5.

Share
New Message
Please login to post a reply