Haha just got in and out in about 30 seconds making $300.
Can someone smart please explain what happened just now?
Haha just got in and out in about 30 seconds making $300.
Can someone smart please explain what happened just now?
Last edited by 93VR6; 02-09-2011 at 10:42 AM.
Just saw it drop 50% to $1.30 and now its back up to $2.10. Thought my webbroker was wrong. LolOriginally posted by 93VR6
HOLY WTF INDEED!?
and there is aaa.v's sell off.
Was there a holding period that expired today or something?
One of the dangers of putting in electronic stops. Hopefully anyone in AAA didn't have these stops in otherwise you just got robbed.
I'm out of PPI with a 47% gain.
Good time to get into aaa then? 1.77ish?
Seems like it, but I'm too chicken shit to buy now. Did buy into epo, but way too early.
Count my blessing. I had a sell on stop at $2.20 for AAA and it was triggered. But damn what caused that huge sell off and then bounce back?
Don't know what to do about Teck.
Should have went for Agrium instead as they killed it.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
^ lucky guy, looks like it's stabilizing, ask and bid volumes are way down so i'm in.
Looks like some shareholder may have taken offence to liberty exercising at $1.50, decided to take profit and get out. My only guess....
Originally posted by DUBBED
Looks like some shareholder may have taken offence to liberty exercising at $1.50, decided to take profit and get out. My only guess....
who/what is liberty? and why did they sell at 1.50?
I've been moving my stops as the share price keeps climbing.Originally posted by 93VR6
^ lucky guy, looks like it's stabilizing, ask and bid volumes are way down so i'm in.
I'm debating right now.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
"Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or "the Company"), is pleased to announce that Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Liberty Mutual Group and the Company's largest shareholder, has elected to exercise its participation rights in connection with the Company's previously announced brokered private placement for proceeds of up to $32,085,000 (including exercise in full of the over-allotment option) (See Allana news release dated February 4, 2011).
In order to maintain its 16.27% ownership in the Company, LMM has agreed to purchase up to 4,022,748 common shares (the "Common Shares") of the Company on a non-brokered basis at a purchase price of $1.55 per Common Share for total gross proceeds $6,235,259.40 (the "Financing")."
Press released yesterday...
Niether is particularly safe until reserve reports are published and the underlying value of these companies are established. Until then I would consider both highly speculative with the potential to lose everything.
That being said, the upside on both is huge right now given the current market conditions. I'm holding out until those reserve reports are public, and will likely unload before the holding periods on private placements/bought deals expire in april/june.
AAA is ridiculous.
Bought back in and up 10% again. What's tomorrow going to bring?
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
maxboost; Today is a perfect example of what I was talking about HIX. The TSX is down .8% and S&P down a bit, but HIX is also down?
Is there a better TSX inverse?
HIX is up.Originally posted by dawerks
maxboost; Today is a perfect example of what I was talking about HIX. The TSX is down .8% and S&P down a bit, but HIX is also down?
Is there a better TSX inverse?
HIX +0.07 at $10.36 (+.68%)
It's the only TSX60 single inverse I know of.
Or if you want to leverage, HXD. I've been caught going the wrong way a few times so I just prefer the non leverage ones.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
How tight do you guys set your stops on these volatile juniors? After today's shit show I want to put some limits on some things, was thinking 5% to give room for some volatility.
Does the prices of potash fundamentally change the value of companies that aren't producing any revenue yet?
I can see the likes of IPI and POT getting big boosts. How come nobody is buying them instead?
Cheers