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What to look for in silver mining stocks

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AGgressive Metal
Administrator

USA
1937 Posts

Posted - 06/06/2009 : 11:42:38

quote:
Originally posted by Nickelless

I was checking CDE today and noticed the stock was suddenly trading at about $14.70! I was thinking I'd made some big bucks, but then I did a little research and found out that the company just did a 10-to-1 reverse stock split. Is this usually bad news for a company?

Many times its a bad sign because the company doesn't want to be de-listed. But CDE was at 1.45, which is not horrible so far as silver miners go. I think its purely an image thing.

And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484

No82s
Penny Pincher Member

USA
198 Posts

Posted - 06/06/2009 : 11:47:28

I'm using ING Direct Sharebuilder - $9.95 a trade. They offer a money market account that you can park cash in and then use it to buy stock. No delays and then you transfer back and forth between your checking account and their money market for free.

The difference between an optimist and a pessimist is that the pessimist is better informed.

Edited by - No82s on 06/06/2009 11:49:16

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