Posted this below on another thread way down. JMO but $500 is like oil going to $10 IMO!!
SKF most likely won't reach $200 again unfortunately. I have a lot just over $200 and will be glad to book it. Best way to play is book every few % and add on the pullbacks which if you watched today, happen ALL THE TIME. It's the best way to maximize your profits Bearpath.
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got any distinct feelings about the SKF/UYG battle tomorrow, Joe?
i really hope QMNM doesn't fail us. to be honest, i'd be pretty well fvcked. i truly can't see why things should go poorly with it...maybe the "bashers" are just starting to get to me. i pray to hear BK hearing goes well and production numbers are still up or increasing. if that doesn't happen, there are some dark days ahead for Quest.
I'll be booking my UYG's in the morning i'd say, and adding SKF's. JMO
Either way, i'm well prepared for both scenarios.
As for QMNM, I seriously think we don't see positive news on the BK front until they can show the judge positive income numbers.
Nate,
Like Joe said, there's almost no point in reading every post everyone makes about QMNM b/c half of the mare idiots and the other half will say what they want to hear (to justify their position long or short).
Hold tight, and if they produce and get out of BK we will all be sitting pretty. If not, that's it for that. Either way, in-between on this one is 100% noise.
I've averaged in at something like .024 (not counting a few lots I flipped from .018 and .019 area)...it and AUY are my two biggest unbooked losses in my portfolio but I am confident about both.
Holy moly - I just read the post this came from but if SKF is @500, sell it and buy lots of guns and ammo 'cause the world is about to end!
I think Joe's right; I expect SKF to cleanly break 150 and at best get close to a double top in the high 100's but no more than that.
The big players are failing, and this will be the last BIG push for SKF IMO. After that it may hold those levels for a while, but I plan on taking profit on my 140 lot near 150 and staging in UYG for the turnaround run up.
Exactly Lat!!!
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