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Tuesday
Feb262013

First Majestic Silver's Earnings Mark an Incredible Entry Point

Some folks, somewhere, clearly opted to sell some shares of First Majestic Silver (NYSE: AG  ) Tuesday morning. After the fast-growing silver miner released fourth-quarter and year-end 2012 earnings, the stock dipped by nearly 5% early in the session.

I don't know who they are, so I can't ask them what they were thinking. But let me try anyway (just in case): "Hey, all you traders out there who sold shares of First Majestic Silver Tuesday morning... What in the world were you thinking?"

 Of all the bizarre and inexplicable price actions I've witnessed over the years within the highly volatile world of precious-metal miners, this egregious follow-on selling pressure heaped upon the shares of First Majestic Silver Tuesday morning takes at least a slice of the proverbial cake. But, if their short-sighted flight yields a more attractive entry point for long-term-minded Fools, then I welcome the market's occasional gift of a truly irrational share valuation.

To read this article in full please click here.

 With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

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