ORIGINAL INSTITUTIONAL STUDIES UPON REQUEST NEM example - 2/5/2008
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Daily Commentary about SSRI - Silver Standards
2008 (c) William Schmidt, Ph.D.
3/11/2008 - New Red Buy. See comments below.
The technical analysis concepts here are all descrbed much more in our books, Help routines
and software instructions.
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All the tools used here are available in our TigerSoft Introductory Software... Only $99.
Introductory Notes
Warning: The comments are made by the author, who has more than 25 years'
experience trading with these tools. But the tools and the author are not infallible.
(I wish!) So, anyone making trades based on this information must do so entirely
at their own risk and understand that the stock market is inherently risky and is often
very difficult to predict. Even insiders may lose money. I believe these comments
will help you understand better how to trade using TigerSoft tools. And I believe,
trading with them will make your investments safer and much more profitable.
The red Buy and Sell signals are based determined by the software automatically.
the computer screens the trading results from more than 60 different trading systems
and then posts the best for the last year. The best trading system often continues
for many months and even years because each stock has its own personality based
on the type of traders who buy and sell it most often. Very often professionals control
the stock's short-term swings based on the tools TigerSoft uses. To see how successfully
professionals rig these movements, use TigerSoft.
TigerSoft charts show the technical system which is most profitable for any stock
and how profitable that system is. To prevent others from copying our software, I
have taken off the charts shown here the basis of the Red Buys and Sells. The trading
results are provided. Unless otherwise stated, they include all the trades from long
and short positions, where we assume $10,000 is initially used and each trade costs
$40 in commissions and slippage. It is assumed that the trades are taken at the
close of.the day of a Red Buy or Sell signal. However, the trading results can also be
shown based on taking and closing out positions on the next day's opening after
a Red Buy or Sell. When this is true, I point this out explicitly.
Discussion of SSRI Signals
SSRI now has a new red buy. It also has a nice piece of bullish news to push the stock
up. Silver Standard Resources Inc.: Snowfield Measured & Indicated Gold Resources Grow
to 3.1 Million Ounces Before the close on Monday, it reported year-end results.
The company reports a fourth quarter net loss of $14.7 million ($0.23 per share) for the three months
ended December 31, 2007 compared with a net loss of $1.7 million ($0.02 per share) for the fourth quarter
of 2006. The "increased loss from the prior year was attributable
to non-cash stock-based compensation of approximately $4.3 million and a further
write-down of $8.0 million reflecting the estimated fair market value of the company's Canadian
asset-backed commercial paper (ABCP).
Its Loss for the 12 months ended December 31, 2007 was $34.1 million ($0.55 per share) compared
with earnings of $16.4 million ($0.28 per share) for 2006, which reflected a gain of $35 million from the sale
of a property joint venture interest. Results for 2007 were impacted primarily by a $12.0 million write-down,
including $8.0 million during the fourth quarter, of the estimated fair value of the company's ABCP.
Hard to fathom. I don't like that. But they did sell "approximately 1.95 million ounces of silver bullion
for investment purposes at an average cost of US$5.85 per ounce. In March 2008, the company sold
its silver bullion at an average price of US$20.30 per ounce for proceeds of approximately US$39.6 million,"
Management pay seems high for the CEO, but what's new. Interesting biography
about the man who started SSRI: http://www.kitcocasey.com/xleague/viewExplorer1.php?id=15&t=bio
| Mr. Robert A. Quartermain M.Sc., P.Geo, 53 Chief Exec. Officer, Pres and Exec. Director |
$ 776.00K | $ 652.00K  |
| Mr. Joseph J. Ovsenek , 49 Sr. VP |
$ 491.00K | $ 734.00K |
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Silver is on a tear. You could read out Hotline to see if
we think this is advance is a climactic
finale to the advance from under $4
in 2002. Order
the Hotline today. It will help you profit while you learn.
Day of the Week Trading Pattern.
When we look at the data for the last
year, and TigerSoft makes this very easy, we see that Mondays
and Tuesdays are much more likely to
bring weak openings and closings than Wednesday, Thursday
or Friday. Buying
at the close on Tuesday is often very profitable, as Wednesdays produce a
higher
opening 58.8% of the time and an even
higher close 58.8% of the time. Thursdays are up 52.0%
of the time and Fridays show rallies
53.8% of the time. By contrast, for the last year, Mondays bring
rises 47.9% of the time and Tuesdays only
40% of the time.