tag:blogger.com,1999:blog-2643613788950912206.post2828165814941195296..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: Bought CGR @ $1.46 - CDY UpdateJohn Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2643613788950912206.post-40820782222840521032012-02-06T17:19:06.119-06:002012-02-06T17:19:06.119-06:00Why did you sell CGR today? What's changed? I&...Why did you sell CGR today? What's changed? I'm holding for two dollars.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-61073625418698144942012-01-30T15:15:03.511-06:002012-01-30T15:15:03.511-06:00In CGR today at $1.41, sold CDY for over 40% profi...In CGR today at $1.41, sold CDY for over 40% profit. Thank you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-25191995595839156242012-01-27T17:31:26.963-06:002012-01-27T17:31:26.963-06:00Thanks for the feedback - I should have read the p...Thanks for the feedback - I should have read the post thoroughly before commenting.<br /><br />I mentioned P/E because the Google and Scottrade summaries both list EPS as 0.04 and P/E as 35-36. For miners that do list P/E that seemed on the high side, and Google's chart dates back to 2004, so I didn't know whether to cut them the same slack as a newbie.<br /><br />But Scottrade's earnings page shows a quarterly breakdown for 2011 EPS (with a Q4 estimate of 0.03) that adds up to 0.11, matching your 2011 figure. <br /><br />http://research.scottrade.com/qnr/Public/Stocks/Earnings?symbol=CGR<br /><br />Here's a table of gold miner company valuation metrics I bookmarked previously that happens to include Claude, by the way:<br /><br />http://www.goldminerpulse.com/vGold.phplone star casualtynoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-60586011810537577082012-01-27T17:00:24.723-06:002012-01-27T17:00:24.723-06:00Thanks for the clarification!
That's what I...Thanks for the clarification!<br />That's what I've been seeing, but felt I had to ask so I did not miss out on something.<br /><br />I'm planing on taking a weekend soon going thru the TSI in depth, so might come back with a few questions.<br /><br />Have a great weekend!<br /><br />/NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-13807400644019279222012-01-27T16:48:05.488-06:002012-01-27T16:48:05.488-06:00Hi Nick - that is a question I answer all the time...Hi Nick - that is a question I answer all the time and I should probably figure out a way<br />to include it in some of my pages about using the TSI for BUY/SELL signals.<br /><br />Anyway, the TSI compares two moving averages. In this case, the 4 and the 7. The math has no<br />idea which of the two numbers is larger, nor does it care. Try it both ways and you will see the<br />identical results!John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-83312742218057691032012-01-27T16:38:55.943-06:002012-01-27T16:38:55.943-06:00Hi John,
I frequently read you site and you reall...Hi John,<br /><br />I frequently read you site and you really do excellent analysis, so thank you!<br /><br />This may sound like a stupid question but sometimes I read your TSI setting to be 7,4 and other times 4,7 on freestockcharts pictures that you post.. are these the same? Short period 4 long period 7 or have I missed something? I'm very excited to start trying the TSI myself, so far I've mainly used it as a complement to my other tools (cycles and TA) but with the 13,13 config.<br /><br />Regards<br />NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-87797255011872825612012-01-27T16:09:41.269-06:002012-01-27T16:09:41.269-06:00Lone Star - CGR PE ratio?
2011E 13.8
2012E 6.5
20...Lone Star - CGR PE ratio?<br /><br />2011E 13.8<br />2012E 6.5<br />2013E 4.5<br /><br />No, I am not concerned, but good question. Most Micro-Cap Gold miners do not even<br />have a PE because they have not made any money yet. Claude is in the minority of<br />those who have made money and thus have a PE. Indeed, this was one of my considerations<br />as I wanted to know that management had the 'where with all' to make a profit once it<br />got down to getting the ore out of the mountain. <br /><br />Of much greater interest to me is the value of the company. The old accounting equation<br />Assets minus Liabilities. My thinking is that if a mining company has little or no debt<br />and the assets that they own free and clear are not being priced accordingly by the market<br />that represents an opportunity for an investor. Even more true if one believes that their<br />primary asset (gold) is going to appreciate over time. In that case, it is even better that <br />their asset is gold and not cash. And though not a primary consideration of mine, I do keep<br />it in the back of my mind that larger miners are having a tough time keeping their growth rates<br />and production of gold increasing. The way many of the bigger miners keep their production and<br />earnings moving forward is to acquire smaller companies that have what they want - proven gold<br />priced at a fire sale.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-36059406602321496172012-01-27T14:54:51.327-06:002012-01-27T14:54:51.327-06:00Thanks for all the analysis and insight.
Just won...Thanks for all the analysis and insight.<br /><br />Just wondering, are you concerned about CGR's P/E ratio?lone star casualtynoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-54518822242876043812012-01-27T10:10:24.409-06:002012-01-27T10:10:24.409-06:00Hi Bruce,
I am still scratching my head to rememb...Hi Bruce,<br /><br />I am still scratching my head to remember where I borrowed that chart from. Still looking and if/when I find it I will write that information here.<br /><br />In the meantime, I'm looking harder at your question and finding this:<br /><br />http://www.nasdaq.com/symbol/cgr/ownership-summary<br />says 32% as of 12/31/2001<br /><br />http://quotes.barrons.com/CGR/ownership<br />instit. + funds seem to own about 30% of shares, if my math is correct<br /><br />my Scottrade account reasearch says "Investment Managers - 48.2%..... Non-Institutional - 51.4%<br /><br /><br />I'll keep poking around between classes and see what else I can find out.John Townsendhttps://www.blogger.com/profile/13243755287314446656noreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-67051584283312469302012-01-27T09:28:53.467-06:002012-01-27T09:28:53.467-06:00Hi John, Thanks for all your articles. Yahoo shows...Hi John, Thanks for all your articles. Yahoo shows institutional ownership for CGR as of 9/30/11 at 28.7% which comes to about 47M based on 164M shares outstanding. Data provided by Thomson Reuters. Do you think institutional ownership increased to 50% in Q4? Thanks. BruceAnonymousnoreply@blogger.com