tag:blogger.com,1999:blog-2643613788950912206.post1505910759533918050..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: Bought LSG @ $1.47John Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-2643613788950912206.post-58243285440223100932012-01-31T12:59:37.888-06:002012-01-31T12:59:37.888-06:00Great, Thanks John! Slight pullback today on DHT, ...Great, Thanks John! Slight pullback today on DHT, but still looks bullish to me. Bought into some LSG yesterday so we'll see how that plays out. Thanks for all your analysis!Tomnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-4629834911156031142012-01-31T07:05:39.055-06:002012-01-31T07:05:39.055-06:00DHT - owns oil tankers, trades at o.3X Book Value ...DHT - owns oil tankers, trades at o.3X Book Value with 66 cents per $1.09 share in cash, sports an 11.1% dividend, past 6 quarters green, next 2 quarters projected green earnings, NYSE, 64.5 shares outstanding, price blasted up through 50 dma.<br /><br />TSI on weekly and daily is BUY.<br /><br />Tom - I'm not sure what the catch is. At the moment I don't see one. Nice find!John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-42741531890837892942012-01-30T22:27:22.322-06:002012-01-30T22:27:22.322-06:00Hi John,
Long time reader, first time comment. I&...Hi John,<br /><br />Long time reader, first time comment. I've been following DHT for the past few months and there appears to be a breakout in progress. Not sure if you do 'requests,' but I would love to see you do a bit of TA on it and to see what your TSI is indicating. Thanks in advance!Tomnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-12567004583395409542012-01-30T20:27:02.069-06:002012-01-30T20:27:02.069-06:00thanks John!thanks John!pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-84364406410839088142012-01-30T20:15:28.353-06:002012-01-30T20:15:28.353-06:00Jan 8 8:00 pm 34 bars
Jan 18 8:00 am 46 bars
Jan 2...Jan 8 8:00 pm 34 bars<br />Jan 18 8:00 am 46 bars<br />Jan 25 8:00 am 31 bars<br /><br />Currently on <br />Jan 30 8:00 pm bar 22<br /><br />This should be the final 4 hour cycle of the current daily cycle.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-39990013027201657822012-01-30T11:17:58.981-06:002012-01-30T11:17:58.981-06:00Hi John,
I'm trying to track the lows on the ...Hi John,<br /><br />I'm trying to track the lows on the gold 4 hr chart, but it's been difficult to find the 40 bar lows since the December 29 low. Have you been able to do so, and if so, where do your lows end up?<br /><br />I have the following:<br /><br />Jan 8 - 34 bars after 12/29 low<br />Jan 13 - 27 bars after 1/8 low<br />Jan 20 - 30 bars after 1/13 low<br />Jan 25 - 20 bars after 1/20 low<br />This morning's low - 17 bars after 1/25 lowpimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-47666133739291971082012-01-30T06:46:32.274-06:002012-01-30T06:46:32.274-06:00Thanks John,
Sounds like a solid plan! I'll b...Thanks John,<br /><br />Sounds like a solid plan! I'll be joining you on the trade this week as the stock market finds its DCL.FThttps://www.blogger.com/profile/10388755797605186274noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-9030204762500409072012-01-29T19:13:31.524-06:002012-01-29T19:13:31.524-06:00Good evening John,
Wow! You've got my at...Good evening John,<br /> Wow! You've got my attention with Lake Shore Gold. I remember owning this stock Almost 30 years ago. I wonder if it's the same company and why I haven't noticed them til just now when you mentioned them. I'll have to take a closer look. I've sworn off buying individual company's but this one was lucky for me. I remember I made money. Thanks for scouting this out for me. I got a good feel about this one. MMontyhttps://www.blogger.com/profile/04208974431161689537noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-2350019638138528792012-01-29T16:22:21.002-06:002012-01-29T16:22:21.002-06:00ND - yeah, that's kinda what I am thinking. If...ND - yeah, that's kinda what I am thinking. If gold does what I think it will do<br />both of these stocks should easily double in less than a year. Some of the best money<br />I have ever made was to buy and sit, contrary to my passion for trading. <br /><br />My focus on these two will be to keep an eye on the companies - make sure they do not spoil <br />their own party with surprising and unpleasant news - and keep an eye on the mining index to <br />make sure I am not sitting in the 2008 scenario where everything, including miners, gets flushed <br />down the toilet.<br /><br />My expectation is that the stock market will eventually not be able to continue higher, while miners<br />will separate from them, continuing higher with gold. But, as I obviously do not have a crystal ball.<br />I will have to keep my eyes open and try to continue sorting things out as we go.<br /><br />I would add that the behavior of the US Dollar is going to be critical in understanding which of these<br />two paths miners take. At present the dollar has made a lower low. When it turns up, if it is not able<br />to then make a higher high then that will confirm it is game on for gold in a big way. At that point<br />I expect the mining index will show its cards and if they continue higher with gold, that works for me.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-14104878049405389492012-01-29T14:21:31.957-06:002012-01-29T14:21:31.957-06:00Hi John,
Your CGR and now LSG trades, are these l...Hi John,<br /><br />Your CGR and now LSG trades, are these long-term buys or what is your time-frame?FThttps://www.blogger.com/profile/10388755797605186274noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-20457936157706344632012-01-29T00:21:13.506-06:002012-01-29T00:21:13.506-06:00Steve - yes, miners do have very strict rules for ...Steve - yes, miners do have very strict rules for what they can claim are gold in them 'their' hills.<br />The AMEX and other stock exchanges, and the SEC, also have very strict rules about what they can claim<br />on their balance sheets as proven reserves. <br /><br />The question for me becomes, as somewhat suggested by your question, at what price can they extract the <br />gold - and not question the fact that they have scientifically proven how much, and at what grade, they <br />have gold in their property. <br /><br />Further, the scale of the potential operation comes into consideration - similar to how Walmart is able to <br />sell to its retail customers more cheaply than your corner grocery store. And does the company have the management <br />expertise, financial deep pockets and will to press their project towards achieving optimal recovery rates and <br />minimizing the cost per ounce of production.<br /><br />I remember that back in 2008 when the miners took an incredibly steep nose dive, one of the primary problems they<br />faced was not so much that the price of gold was lowered but rather that the credit markets had totally imploded.<br />Miners simply could NOT get any financing to carry forward their production from mining operations, let alone shake<br />free some money for the continued exploration of their 100% owned properties nor was there money for the acquisition of <br />other companies. The banks would not loan to them and as the stock market collapsed (SPX 1500+ to 666) there was no<br />ability to raise money from the issuance of their stock. <br /><br />A case in point was a stock that I owned at the time - US Silver (USSIF). The company was really getting very close to <br />going into production after spending years and untold sums of money to get its Idaho, USA silver mines ready for production.<br />The company needed funding to proceed - but could not obtain any support. The stock I bought at 44 cents per share eventually<br />bottomed at 2.5 cents per share. Of course, the financial crisis of 2008 did not last forever and US Silver was able to hang on<br />long enough to get the financing it needed to start showing profits from production. Today US Silver is trading around 45 cents <br />per share and reached a price in excess of 80 cents last April. <br /><br />I guess my point is that the stock market does not exactly value small mining companies fairly. In my view, understanding this<br />is critical to understanding when the market is giving away something for nothing. The next step is to recognize when the market<br />is just beginning to figure out that the price of the stock is way wrong. If you can catch the market making this critical change<br />in its view an investor can do well to just get a position and watch the show as it unfolds.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-52742705303159740942012-01-28T21:24:15.120-06:002012-01-28T21:24:15.120-06:00Thanks again John. Both LSG and CGR look very inte...Thanks again John. Both LSG and CGR look very interesting, I may have to nibble. Still holding CDY from a .96 average though starting to get a little nervous after Friday.Judynoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-23639417399073746572012-01-28T20:46:02.304-06:002012-01-28T20:46:02.304-06:00Sir, this is a very interesting sector to buy stoc...Sir, this is a very interesting sector to buy stock in, but I was wondering: how do we know whether they will actually find enough gold to be profitable? Do the miners publish some type of evidence showing there's gold in them thar hills? Thanks kindly, -Stevesgsullivanhttps://www.blogger.com/profile/04297190449871163317noreply@blogger.com