Loading ...On July 9th, 2018, CDE hit a peak of $8.32. The stats on CDE aren’t great and they weren’t a lot better when it was $15+…but, surprisingly, it has a book value of $4.18 per share and 72% of the stock is held by institutions…given the set up for gold as per a very wise guru I follow…and the oversold, unloved condition of PMs…devoting some cash to PMs is reasonable risk/reward
…but how can one get a big position/high leverage without taking a big hit if PMs continue on down? I could buy 20K shares of JNUG with a buck stop…and risk $20k..I could buy 20K shares of CDE for $70K and what…set a 50 cent stop….and lose $10K? I am looking for a dynamic rally…who isn’t? With that in mind, I will try to catch it once it leaves the station rather than try and pick the bottom…hence, I again return to my old friend CDE…and I may also buy out right an ole 8K or 10K JNUG—but I think a quick trip on down to $6.50 is possible first
…the link below is for the CDE stats…they aren’t any great shakes but almost all PM companies stats are crap…at least it’s a real company…and with a history of making a big move during a rally…It only hit about $15—I think, in 2011—so it’s performance in 2016 was a surprise. I cast my hook in the water until 9/20…let’s see if I catch a big one.
| Filled | Buy to Open | 100 | CDE Sep 20 2019 5.0 Call | Limit | 0.12 | — | — | 12:19:42 04/30/19 |
| Filled | Buy to Open | 100 | CDE Sep 20 2019 5.0 Call | Limit | 0.13 | — | — | 12:26:58 04/30/19 |