If you do the math, and silver stays above $11 per ounce over time, this company is going to start registering huge profits.
Take a look and decide for yourself.
Take a look and decide for yourself.
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CDE grossly undervalued.
- Thread starter midlifeguy
- Start date
Just be careful, I was in this stock 2 times. First time made money like a year and half ago. Second time got stopped out when it broke $4.
It's either naked shorters or a total lack of faith in their Bolivia property.
It's either naked shorters or a total lack of faith in their Bolivia property.
I totally agree that the stock is undervalued...however we should be focusing on gold price. CDE broke the $4.00 support due to the decline in gold price couple months ago. I am not Bullish in gold now and therefore even though the stock seems way undervalued, i still wouldn't buy it now.
You could even sell long term calls against it...say the Jan 2009 7 1/2 calls. You wouldn't be upset if your 7 1/2 calls were exercised.
Quote from jdeezero05:
totally agree if you buy and hold. buy it and don't even look at it for 2 years. with so much garbage PM miners that are never really going to make money this is nice buy here.