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Revscene Wall Street.
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02-28-2012, 09:43 AM
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#6801 | | RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2011 Location: Richmond
Posts: 916
Thanked 692 Times in 227 Posts
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Last edited by Geoc; 02-28-2012 at 10:06 AM.
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02-28-2012, 10:15 AM
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#6802 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
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Go CLL  All green on BNS.TO, POT, YNG.TO, CLL.TO
Waiting for a down day to get back in on BIP so I am not so commodity heavy.
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02-28-2012, 10:55 AM
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#6803 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
Posts: 351
Thanked 45 Times in 30 Posts
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what's everyone's thoughts on SNC lavalin?
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02-29-2012, 05:10 AM
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#6804 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Sep 2011 Location: RevScene.net
Posts: 1,889
Thanked 1,284 Times in 420 Posts
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NZ @ $3.69
AAPL @ $540+   | |
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02-29-2012, 05:40 AM
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#6805 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
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Dow over 13k!
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02-29-2012, 05:48 AM
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#6806 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
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parabolic...both their charts look so scary
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02-29-2012, 06:06 AM
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#6807 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
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CLL opened at 1.12.  | |
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02-29-2012, 06:37 AM
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#6808 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,563
Thanked 3,960 Times in 1,208 Posts
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And bid is now down to $1.09, lots of volume as well, almost 400k and it's only been open for an hour.
I got out of NZ at $3.51 and missed the ride all the way up to $3.79, looking for an opportunity to buy back in. I doubled my TAG holding when it went down to $8.70, avg cost now $8.80.
Mark
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I'm old now - boring street cars and sweet race cars. | |
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02-29-2012, 07:20 AM
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#6809 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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Yikes.. quite a bit of red on my watchlist today 
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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02-29-2012, 07:23 AM
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#6810 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,563
Thanked 3,960 Times in 1,208 Posts
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Well... back into NZ, hopefully not too early. It's interesting that YNG is down from it's typical $0.39 - $0.40 range to $0.38... although $0.01 doesn't seem that significant, the stock hasn't moved virtually at ALL for several weeks now, so even that small movement is outside its well defined range and interesting.
Red everywhere, wish I had more money to buy with!
Mark
__________________
I'm old now - boring street cars and sweet race cars.
Last edited by lowside67; 02-29-2012 at 07:29 AM.
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02-29-2012, 08:28 AM
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#6811 | | RS.net, where our google ads make absolutely no sense!
Join Date: Mar 2011 Location: Richmond
Posts: 916
Thanked 692 Times in 227 Posts
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Bernanke opened it's mouth again today  | |
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02-29-2012, 11:06 AM
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#6812 | | My homepage has been set to RS
Join Date: Dec 2006 Location: somewhere in bc
Posts: 2,125
Thanked 825 Times in 330 Posts
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Wait for yng to drop more? or buy now?
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02-29-2012, 11:17 AM
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#6813 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,563
Thanked 3,960 Times in 1,208 Posts
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I don't see much risk of it going much lower... it's lower today because of the crash in the price of gold but really it's a pretty small factor in the valuation and the price is almost back into its typical range. The only reason to buy YNG is for a fairly long hold, there is no price movement so it's useless if you are hoping to trade it, and if you're going to hold it for 6 months, 2 cents isn't going to make or break anything.
Hope that helps,
Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
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02-29-2012, 11:26 AM
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#6814 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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Bad day for gold, odd that gold would drop after Benny shared his thoughts about keeping monetray policy loose.
I can't imagine how the bond market has grown in the last 4 years... scary.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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02-29-2012, 04:32 PM
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#6815 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
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Originally Posted by no_clue  what's everyone's thoughts on SNC lavalin? | great company. it's relatively safe as they own a ton of infrastructure but the whole Libya ordeal will kill them. There is a big public backlash especially in the USA for current projects to which SNC is involved in - we're talking about townships/cities/states threatening to cancel their contracts as they do not want to be seen as supporting a company which benefits out of terrorist regimes. It's now on my watch list but I'll wait until it drops lower first. It still has quite a bit to drop as they start to pull the skeletons out of the closest.
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03-01-2012, 08:28 AM
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#6816 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
Posts: 2,247
Thanked 29 Times in 11 Posts
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yng and pkl seems to becoming cheaper
time to buy?
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03-01-2012, 09:12 AM
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#6817 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
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Yah thinking of averaging down on YNG... hmmm
Personally I won't be investing in SNC as my company is in direct competition with them.
Last edited by TouringTeg; 03-01-2012 at 09:21 AM.
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03-01-2012, 09:34 AM
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#6818 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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It's like watching paint dry.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-01-2012, 09:57 AM
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#6819 | | Revscene.net has a homepage?!
Join Date: Dec 2004 Location: Coquitlam
Posts: 1,247
Thanked 497 Times in 133 Posts
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any thoughts on URRE?
__________________
E70 4.8i
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03-01-2012, 11:43 AM
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#6820 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
Posts: 2,247
Thanked 29 Times in 11 Posts
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personally im long on urre
multiple reasons on this one
but im sure some of the other members can fill you in better on this than me
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03-01-2012, 11:46 AM
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#6821 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
Posts: 2,247
Thanked 29 Times in 11 Posts
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woohoo BVSN finally broke resistance at $40
major short squeeze time
gogogo!
should be breaking past 52 week highs within a couple weeks now (fingers crossed)
Last edited by Synarchist; 03-02-2012 at 12:07 AM.
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03-01-2012, 11:53 AM
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#6822 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
Posts: 2,247
Thanked 29 Times in 11 Posts
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JIVE also making some records here
highest traded price since ipo
hitting almost 1.5 billion valuation
cant believe BVSN market cap only 190 mil!
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03-01-2012, 01:07 PM
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#6823 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
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URRE has the experience, ability, and resources to get back into production and once again become very profitable.
The price reflects the lack of any production over the last couple of years, significant cost of reclamation which exceed original estimates due to environmental lawsuits. The lawsuits were not that expensive, but the company really turned up the budget for reclamation activities to prevent future lawsuits, and negative press.
URRE has produced something like 8 million pounds of Uranium in the last 30 years, the resource base is good for another 100 million ponds of in-situ Unranium extraction. The management team is very experienced, there is no shady history, they know how to produce, and they are located in an area where the geo-political nonsense is not an issue, Texas and New Mexico. They have a JV in place with Cameco and are currently involved in exploration activities together, not sure on the particulars of this JV so do your DD.
URRE chose to stop production, they did so in their own best financial interest, planning to get back into production once the price was right. If URRE was to get back into production you can imagine what would happen to share value...
I am also long on URRE though I currently own none lol Plan is to move the CLL money there after the financials are out, or the buyout happens.. I just can't put any more money in the market right now.
URRE has a huge upside IMO.. same with YNG... the waiting game sucks but ... sometimes you just gotta "hold em".
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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03-01-2012, 01:11 PM
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#6824 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,563
Thanked 3,960 Times in 1,208 Posts
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I've been trading NZ and TAO the last few days with good results but I like both on a longer term basis as well. I sold my TAO at close today and will hopefully buy some more again tomorrow. TAO is expecting to release an update on production later in March that should be a positive result, if so, I expect the SP is going to blast through $10 without any issue. I am still sitting on YNG and have strong expectations for that, financials will be out soon and it will be interesting to see if they are making any money yet.
Mark
__________________
I'm old now - boring street cars and sweet race cars. | |
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03-01-2012, 08:36 PM
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#6825 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
Posts: 2,247
Thanked 29 Times in 11 Posts
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a few things to add are:
also with the end of the Megatons to Megawatts program in 2013 between Russia and the USA, cheap nuclear will be a thing of the past.
(note: 50% of the USA alone is powered by nuclear plants to provide electricity)
there are more than 100 new plants to be built within the next few years in countries like UK, China, India, Brazil, UAE and the list goes on..
just the end of the MtoM program will increase LEU (low enriched uranium) prices causing a stream of companies rushing to extract more from Earth.
(note: there still wont be enough to supply the current reactors around the world even with the operational AND planned mines combined mining 24/7-365)
Russia will be the new powerhouse controlling over 50% of processing capabilities and with its closest neighbouring countries being their best customers.
currently with the total being mined around the world, theres still 40 million pounds short for the existing reactors in the world.
i dont think i have to explain with such deficits in supply, what it would do to the demand and thus prices  Quote:
Originally Posted by jasonturbo URRE has the experience, ability, and resources to get back into production and once again become very profitable.
The price reflects the lack of any production over the last couple of years, significant cost of reclamation which exceed original estimates due to environmental lawsuits. The lawsuits were not that expensive, but the company really turned up the budget for reclamation activities to prevent future lawsuits, and negative press.
URRE has produced something like 8 million pounds of Uranium in the last 30 years, the resource base is good for another 100 million ponds of in-situ Unranium extraction. The management team is very experienced, there is no shady history, they know how to produce, and they are located in an area where the geo-political nonsense is not an issue, Texas and New Mexico. They have a JV in place with Cameco and are currently involved in exploration activities together, not sure on the particulars of this JV so do your DD.
URRE chose to stop production, they did so in their own best financial interest, planning to get back into production once the price was right. If URRE was to get back into production you can imagine what would happen to share value...
I am also long on URRE though I currently own none lol Plan is to move the CLL money there after the financials are out, or the buyout happens.. I just can't put any more money in the market right now.
URRE has a huge upside IMO.. same with YNG... the waiting game sucks but ... sometimes you just gotta "hold em". |
Last edited by Synarchist; 03-02-2012 at 12:11 AM.
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