Palladium time to run

Palladium finally broke 300.  Look for breakouts in PAL, SWC,  IMPUY shortly. PAL also will be mining 70k oz's of gold at costs of $450 next year.  Not a bad profit for a stock with a 300 million market cap especially considering their real profits will be in Palladium and Platinum.  Bought 10k more shares today

So you spent 35k on one stock today?

Come on..thats just crazy and not believable.

I need to see the financials on the stock before I could buy, meaning sales and margins and debt to cash etc etc.

Hmm, I read it as he bought $10,000 worth of this, not 35,000...


“Bureaucracy defends the status quo long past the time when the quo has lost its status.” Dr. Laurence J. Peter

 

I consider 35k MORE cash in one stock to be quite substantial.

As a percentage of a portfolio, if you were diversified that would mean you have a million plus in the market.

10k shares of a 3 buck speculative stock is quite a bit to ADD.

Depends on portfolio size and I do not know his total portfolio. I read it as he bought $10,000 worth of the stock, not 35... in any case, it is a speculation, truly, but its risk is measurable only to the person who knows what he is truly working with.

Best of luck either way...

 

 

WSC,

I'll fax you my trade confirm Monday if you don't believe me.  That said I have 330k in SF alone and 100k shares of QMM; so buying 31.5k in PAL isn't a crazy investment to me.  I'm 31 yrs old, no kids, small mortgage, steady 250k job, I can afford to take bigger positions in spec stocks.  I don't know about analyzing financials with junior miners though; to me it's about deposits vs. spot prices, management and potential; look at AEM for example way overvalued if it were a retailor or financial.  Diversification? unless your talking cash, bonds to stocks is a waste of time.  All diversified investors in stocks have made nothing in past 10 yrs look at every mutual funds performance as example. Anyway I hate being called a liar on message boards so I'd be glad to fax u a confirm and or let you log into my online account, shoot me an email w/ your fax or I'll scan it and or email you 

Also nice call on FSU!

Palladium,

I congratulate you on having a great job, I surely wasnt calling you a liar, rather it is odd to see someone post a 10k ADD trade on a 3 buck stock.

I also dont follow peoples positions enough to make a claim, but 330k in a 55 buck stock is also pretty heavy, thats 6k plus shares. QMM is a 60 cent stock, thats also a large position.

Sorry if I came off the wrong way but I dont know too many people who toss cash around like that on stocks trading at 3 bucks or 70 cents, and that includes previous clients with multi million dollar accounts.

For sure I dont need or want a confirm, I hope they move how you want them to.

One other Q...regarding these miners, do you know how much exposure they have to locking in prices in the past? Ive been reading that some companies have been hedged and are trying ot unhedge with prices going higher, which is very expensive. I would imagine companies who are cash TIGHT would be hedged as to lock in cash flows given weaker balance sheets etc.

Palladium,

Are you selling guaranteed indexed annuities?

I couldnt sell annuities because I know how they are so filled with fees and brokers make an income stream from them..but thats why I am not in the industry anymore. It takes more of a salesman than a "broker" to make money servicing clients and I would always look for the cheapest out (say instead of an annuity get someone term insurance and an index fund etc).

Sounds like you have a great gig going..a 1-2% income stream is very nice for you, that is as much as most managed acct fees, and the broker wouldnt get half..so you are sitting very nice.

Its tough researching mid to small companies and understanding their business, like in the case of PAL and QMM, you would be lucky to find anything outside of news releases and combing through financial reports, and still that isnt transparent enough.

Congrats on doing so well...

PAL warrants???? you are crazy! What is the symbol on those? Warrants on a 3 buck stock have to be pennies...

Well you still have hope that the company will extend the warrants, it happens all the time. You might want to find out the transfer agent for the company and give them a call.

In a trendless market, those VA's are ok, but the client will get ticked as they are CAPPED, so the max you can make is "X" percent and the rest is pure gravy to the annuity firm. They are also filled with surrender fees and contingencies.

To me the insurance portion is garbage, the policy in the VA is usually putrid, and if one were to purchase said policy aside from the VA they would see it does not hold that much value..I also love how most VA's tout that the insurance policy gains cash value before the end of the term..that cracks me up, of course it is another sly hook from the annuity company to keep people locked in.

Having that "guarantee" is such a hook..people who are risk averse flock to these in a down market and they dont realize that historically if you were in an annuity like that, you probably gave up 20-30-40-50% of lost returns.

It is no secret that annuities are HUGE profit makers for companies, I know too much though..and I felt very slimy promoting products which I knew were so slighted to the broker and the annuity company..thus why I could never net the living others did, I couldnt sell those and feel good about it.

Surrender fees should be completely abolished, they are highway robbery to the investor.