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ben_dover0802
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Re: Stock Update for February 2, 2012 - GRPN, NVDA, X, CREE [Re: geokills]
#15753960 - 02/02/12 10:20 PM (11 years, 11 months ago) |
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Good for you Geo, I am glad. I have been doing pretty well too, my entire account went up 2.5% today, making new multi month highs before I got clipped with all that volatility a few months ago . I wish I wasn't a noob back then, but maybe with all that craziness I learned a lot and am better than the average trader with less than 1 year experience. BUT like you said, maybe this uptrend just makes me feel smarter, I can say I have been outperforming the S&P for a couple months now though.
I got in on that ZNGA action today, entered late and didn't make/lose any money on it today, but I have a pretty large position in it, about 17% of my portfolio. Hopeful that it will act like RENN and run for a couple days. Doesn't matter too much though, I have a 5% trailing stop on it.
I am currently pretty heavily invested but a couple of my positions are approaching resistance Nabors is one of them (NBR) and I am kinda on the fence about selling my BAC, so I may ditch one of those and jump on NVDA or CREE with you, I don't own any semiconductors. CREE looks a little prettier to me personally though. That is weird about AKS and X going different ways, I got stopped out of AKS a few days ago, but if they both come back to resistance, I am probably going to go with X from now on.
Lastly, I have only bought stocks going long, with the exception of 1 short that actually worked out for me, but have an urge to dip my toe in options, any reading recommendations?
Also just a random: Small little corp that I have been getting lucky on is Hansen medical inc (HNSN), I found this one by accidentally typing in the wrong ticker when I was looking for HANS the beverage company, and it was added to my watchlist for whatever reason. I noticed it broke out of a squeeze, looked the weekly chart, and decided to buy. Its gone up over 10% since I have
Edited by ben_dover0802 (02/02/12 10:31 PM)
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Bambi
Friendly Forrest Animal




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Re: Stock Update for February 2, 2012 - GRPN, NVDA, X, CREE [Re: ben_dover0802]
#15754209 - 02/02/12 11:47 PM (11 years, 11 months ago) |
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Thats awesome to tha both of you, and i agree with you Ben, as i entered the market in late july, right before shit hit the fan. I feel that im a better trader because of it.
Although I would have to say that i screwed up making the majority of my short term portfolio consist of aks and mho today. mho did great yesterday but dropped like 7 percent and i was stopped out of aks at a 2 percent loss or so. My "good" move today was doubling my position in mho at 10.23 before it rose up to 10.47 closing rather strong, but depending on how tomorrow goes ill have made a great move or horrible.
Either way. Ive gone through losses and ive picked many bad stocks and yet my entire portfolio is only down 4 percent i think. I'm slowly learning how to handle each situation as it comes and im feeling less timid with a 1 or 2 percent loss potential.
Geo, whats your opinion on Tesla (TSLA)?
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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ben_dover0802
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Re: Stock Update for February 2, 2012 - GRPN, NVDA, X, CREE [Re: Bambi]
#15755293 - 02/03/12 10:14 AM (11 years, 11 months ago) |
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ZING! Hitting a home run on ZNGA today. Congrats on adding to your position of MHO yesterday, I would have definitely bought some if I noticed it touched the 20 dma.
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Bambi
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Re: Stock Update for February 2, 2012 - GRPN, NVDA, X, CREE [Re: ben_dover0802]
#15755332 - 02/03/12 10:25 AM (11 years, 11 months ago) |
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Wow, congratulations on ZNGA. I looked at it last night, but had no idea it had that much upside left in it before a pull back. Very nice job on that. And for MHO, i was a bit worried cause it posted -.16 earning with an expected +.02, but i guess that didnt matter too much! I plan on halving my MHO before the weekend, are you gonna sell out of any ZNGA today?
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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ben_dover0802
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Re: Stock Update for February 2, 2012 - GRPN, NVDA, X, CREE [Re: Bambi]
#15756699 - 02/03/12 04:27 PM (11 years, 11 months ago) |
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Yea I stayed with that 5% trailing stop and sold it all at 13.72 for about a 10.5% profit, I didn't want to risk losing the profit as it could drop just as fast. I am still holding onto that little company HNSN which ended up gaining 10.8%, I also have a trailing stop on that but it never got hit. I also bought KBH today @10.29 as it broke resistance and CREE at 28.49.
I am still holding onto quite a bit of stock going into the weekend which I have mixed feelings about - I had a report to do last night, got one hour of sleep, and passed out for the rest of the trading day haha.
My current positions:
15% RVBD 14% CREE 12% BAC 11% KBH 11% BIDU 11% WAB 9% HNSN 3% AGNC
so.....about 86% invested which was awesome today - hopefully it doesn't backfire Monday.
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geokills
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Stock Update for February 7, 2012 - VXX, GRPN, XOP/WLL, AAPL, SOHU [Re: ben_dover0802]
#15773124 - 02/07/12 10:04 AM (11 years, 11 months ago) |
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Been rather busy this morning, with the market initially looking rather weak and presently firming up quite a bit. I took a stop on GRPN in the early going, which was unfortunate given the subsequent bounce that has taken the stock right back to its highs of the day, though those last remaining calls I was holding were still closed at a comfortable 50% gain, so I can't complain too much. Had I been actively watching that chart, I may have gotten back into the stock on the bounce, but now that the stock is leveling out near its highs of the day, I am content to stand aside for now.
I bought some calls on the VXX (a tradable volatility index), upon noticing the immediate weakness at the market open. I had my stops firmly set however, as I knew this was a counter trend trade, just by looking at how steadily the chart of VXX has been falling over the past many weeks. A low VXX/VIX indicates complacency in the market, which is generally a yellow flag that one should begin to tighten up stops and trade more cautiously. Nevertheless, at around 10am eastern today, the market had a huge bounce, stopping me out of the VXX call position for a small loss, and causing me to refocus on those stocks that were looking strong on a relative basis.
After hearing Dan from StockMarketMentor recommend the oil and gas exploration sector last night (check out the XOP to see the chart coiling up in a tight range right above its 200 day moving averages), I was watching WLL and put in a bid for a block of common stock at $49. We hit that level briefly right before the market bounced, and as soon as I saw the bounce, I also added some June $42.50 call options to the trade just to increase my exposure. WLL is in a volatility squeeze right at its 200 day moving average, and just above its 50 day. This is a fantastic setup for a breakout (or breakdown). I will be watching it closely with a bias is to the upside, my stop is currently set just below $48, and I will add to my position on a move above $50.85.
AAPL was showing relative strength this morning. I haven't been involved ever since I closed my position on the earnings move a few weeks ago, and frankly, I'm tired of seeing the stock move without me. Given the relative strength at the open, I decided to buy a single July $420 call option, which is now up rather nicely on the day. I will keep a tight trailing stop on this one, as AAPL should be taking a breather here... but since it's not, it makes sense to hop on board to enjoy whatever is left in this move, and manage my risk with a tight stop.
Lastly, I've taken a position in SOHU, which isn't really doing anything. I'll be the first to admit that I'm a weak holder of this stock, but since the stock has taken such a beating on its earnings and tagged its lower bollinger band today, I decided to try my hand at a quick trade; with the idea that most of the people who wanted to sell this stock probably have by now, given the huge trading volume of 9 million shares that have exchanged hands since earnings were reported yesterday, whereas the average daily trading volume is closer to 1.5 million. My stop is set at $51.77, which is only about a dime lower than the stock is presently trading. If I had more faith in the stock, I would have my stop below the day's lows at $51.50, but SOHU hasn't been moving with the rest of the market this morning, so I want to keep it on a tight leash. The volatility on a five minute intraday chart has narrowed to the point that a break below $51.77 would probably carry the stock to new lows on the day, so I may as well just get out at that higher level, if it ends up getting hit.
[EDIT: Stopped out of SOHU for a 1% loss. Stopped out of AAPL for a 3% gain.]
[EDIT #2: WLL broke above its opening print, XOP (the sector ETF) is also tracking along its upper bollinger band and looks poised to breakout. Added to WLL for the second time today, making for three buy points on the day. It feels right to be aggressive on this one right here, right now. Moved partial position stop up to $49.69.]
Quote:
ben_dover0802 said:
Lastly, I have only bought stocks going long, with the exception of 1 short that actually worked out for me, but have an urge to dip my toe in options, any reading recommendations?
There are a lot of resources out there, as evidenced by a simple Google search. However, the CBOE Options Learning Center was the tutorial that really helped me get a handle on the basic options trading strategies and understanding. Make sure you check out all of the courses, they're free and well worth watching if you seriously want to trade options without losing your shirt. Note, you probably will loose part of your shirt anyway, so make sure you start very small when you begin using these highly leveraged trading instruments. They can move blindingly fast and if you don't choose your strategy, strike and expiration dates carefully, you can very easily take a 50%+ loss in a matter of minutes.
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Edited by geokills (02/07/12 12:19 PM)
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geokills
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Stock Update for February 8, 2012 - NVDA, WLL [Re: geokills]
#15778190 - 02/08/12 08:56 AM (11 years, 11 months ago) |
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Market is just grinding around this morning. What looked promising at the open has turned into some chop. The S&P is at the top of its uptrending channel, so this is not a huge surprise. With no major economic news out today, I wouldn't expect too major of a move. That being said, there were some major moves on individual issues, and thankfully on a couple that I am loaded up on.

NVDA just took off like a rocket ship this morning. My calls are up over 30% and I am selling half of them right here, since the company will be reporting earnings next week and I plan to be out of the position by then anyway. Even so, I will not hesitate to buy these back for a quick jaunt higher, provided I see a good short-term support/entry zone developing.

WLL was also off to the races this morning. I loaded up huge on this one yesterday, and took a little bit off the table but staying involved, since it looks like this is still early in the move. While I respect the fact that the S&P is at the top of its uptrending channel and therefore poised for some measure of sideways trade or a pullback, the XOP (Oil & Gas Exp sector) has been very strong, moving higher out of a volatility squeeze on increasing volume. Likewise, WLL has been squeezing right at all of its key moving averages, so the pop today out of the range should be just what the doctor ordered to bring more attention to this stock. So long as today's opening print holds, I will maintain at least some exposure to this stock. Just doing what I can to balance the risk of missing upside with the risk of catching any downside. Right now, WLL looks like it wants to go higher.
PS. The Bull Put Spread I implemented on GOOG using the $560/$550 calls is looking safer by the day, well on track to expiring worthless and allowing me to keep the ~$290 of premium per spread sold.
PPS. AAPL sure is a frustrating stock... when you don't own it!
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ben_dover0802
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Re: Stock Update for February 8, 2012 - NVDA, WLL [Re: geokills]
#15781286 - 02/08/12 09:14 PM (11 years, 11 months ago) |
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Thank you for that, I saw alot of info about options on google but wanted to know if you had any preferences - stockmarketmentor helped me out a lot.
Also nice job still making $$$ on neutral days - you are really calling your picks well.
As for me, I have made a few changes to my holdings. Sold all HNSN yesterday @ 3.65, for a 16% profit. Also sold the huge majority of BAC yesterday @ 7.86 for a 8% profit, should have stayed in it though- was strong today. Looking to buy it back whenever the next pullback occurs.
I bought shares of SINA and MIPS in the past two days - at a cost average of about $66.10 and $6.32 respectively.
Both of these look poised for some upside, but I invested more in SINA, hopefully it works out.
I have been watching a cement company CX for a little while now, I want to buy it but its been so strong that there hasn't been a good buying opportunity for a couple weeks, at least not in my opinion. It is so extended now that I definitely can't buy it - but that's what I was thinking last week while watching it climb 20% since.
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geokills
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Re: Stock Update for February 8, 2012 - NVDA, WLL [Re: ben_dover0802]
#15787758 - 02/10/12 09:11 AM (11 years, 11 months ago) |
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Got stopped out of half of my positions this morning (NVDA calls, WLL stock and calls, NSC calls). Darn gap openings, lost a pretty nice chunk of change on the day but all in all, that's just part of the ebb and flow of trading, and frankly, it's a nice break to be given. I'll be hitting the road to visit family in Oregon this morning, and probably won't return until mid week. The fact that the S&P is at the top of its range, just started to pull back, it's Friday, and I won't be around much Monday-Wednesday next week, are all great reasons to abide by my stops and not to buy anything else until I get back in the saddle next week. I hope you all have a great weekend!
Leaving the following on: Long CTL, AGNC, NLY, BIP, X Jan 2013 $20 Calls, and that nice Bull Put Credit Spread on GOOG.
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geokills
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Stock Update for February 16, 2012 - NAT, NLY, CTL, FCX, [Re: geokills]
#15818183 - 02/16/12 11:00 AM (11 years, 11 months ago) |
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Back in the saddle after a very nice li'l vacation to visit family in Oregon. Lucked out and got to hit up the slopes on 10" of fresh powder, rented some alpine skis for my first time in 14+ years; been snowboarding since my mid-teens, but getting back on the alpines was totally awesome and now I'm going to have to buy a new set!
On that note, the market has just been churning around a bit while I've been away. Basically making a high base. I am still cautious, as we have come a long way since October and I don't think there is a big risk of missing out on a rocket ship like move to the upside. Therefore, I am focusing on some of my dividend players today, in order to beef up this portion of my portfolio in order to produce more cash flow, and maintain some diversified exposure that isn't as volatile as many of the shorter term trades I often highlight here. What does that mean? Those of you who don't like to day trade, but just want some relatively safe and secure stocks to hold on to, should be paying attention!
- Nordic American Tanker (NAT) -- Shipping

Check this one out, it's a thing of beauty, right here right now. The stock just got earnings out of the way, which were received well by the market. Furthermore, the stock is paying a whopping 8.5% dividend. The fact that it also appears to have been carving out a base since October, is now trading decisively above its 50 day moving average AND in a volatility squeeze that just this morning looks to be expanding to the upside, is all the reason I need to add this one to my portfolio. I think the high probability short term trade is for an easy $1 of upside from the current level (that's about 7% higher). Over the longer term, the dividend remains attractive and out of all the shipping companies, NAT seems to be the best managed and least volatile.
- Annaly Capital Management (NLY) -- REIT

Took a little hit on its earnings announcement a couple of weeks ago, but has carved out well defined support along its 50 day moving average. I already own some of this from lower levels, but decided to increase my exposure a bit by buying on this morning's bounce off the 50 day. This one pays a handsome 14% yield around the current level.
- Centurylink (CTL) -- Telecom

I added to my relatively new position in CTL this morning, after seeing the stock print a six month high on the heels of its earnings report. The fact that it has been consolidating above its 200 day moving average, earnings were well received and the company pays a 7.7% dividend, are all good reasons to get involved in this stock for your longer term portfolio.
Now, for some shorter term tradable stuff...
- Freeport McMoran (FCX) and US Steel (X) -- Metals & Mining (XME)

XME (the sector ETF for Metal & Mining) is bouncing near a trend line that has been intact since November. Looking around, US Steel is bouncing off of a similar trendline (almost trading in lockstep with the sector). FCX is more exciting to me however, as it is bouncing right at its 50 day whereas X is bouncing from below its 50 day and way below its 200 day. FCX also pays a nicer (though not spectacular) dividend, but it's cutting through its 200 day moving average as I type, and if it can surmount $45, I can see it making a quick run to $50 in short order.
I wouldn't buy like crazy here, I in fact have a disproportionate amount of cash on hand since we have a long weekend in front of us and as I said in opening this post, I think the risk of the market just blasting off to unforeseen heights is unlikely. However, the trend has definitely been higher, and the strength exhibited by a market that refuses to pull back should not be ignored. You should be involved and you should be making some money here. Just don't buy blindly, and always define your risk before you enter the trade, so that you know exactly how much you stand to lose. If the loss seems too big for you, you either shouldn't take the trade or instead just make it a smaller trade, to the point where your potential loss is tolerable. In doing this, you never have to worry about buying at a top in the market, because even if you are, you will be taken out with only a small and manageable pre-defined loss.
PS. NVDA on earnings, holy moly, that was a helluva gap fill this morning! I'm pretty pissed too, 'cause I had planned to watch it and actively trade it this morning, but my internet was being lame and I couldn't get a reliable connection until half of the move had been made. I could've traded it from my cell phone, but on a stock that's moving that quickly, I don't like the added latency of order placement and so, missed this monster of a day trade. Oh well...
Position update:- Long X Jan 2013 Calls (added today)
- Quasi-long GOOG via Mar $550/$560 Bull Put Spread
- Long common stock: FCX (initiated today), NAT (initiated today), CTL (added today), NLY (added today), AGNC, BIP
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geokills
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Re: Stock Update for February 16, 2012 - NAT, NLY, CTL, FCX, [Re: geokills]
#15822661 - 02/17/12 09:38 AM (11 years, 11 months ago) |
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NAT and CTL, both very high yielders, continue their ramp this morning, CTL in particular performing better than I'd expected, though I anticipate both stocks continuing to ramp higher for some time to come, and with those juicy dividends, all the merrier! Note that I will stop out of NAT if it falls below $14.75, as I don't want to see my near term gains evaporate, but since it is options expiration day (where stocks tend to gravitate to a specific strike price), it seems likely that NAT will stay pinned at $15 into the close. If I do get stopped out today, you can bet I will be watching for a resumption of its volatility expansion to the upside to hop back in next week.
Got stopped out of X and FCX no more than 15 minutes after the open (X for a very small loss, FCX for a small gain), as they were obviously being sold right from the get go and I didn't want to stick around to find out whether it would continue (it has, and in fact, they would have made excellent shorts on the day, at least at the time of this writing). Took a li'l scalp on AGP's earnings pop (in and out in less than 5 minutes), set a low ball bid on some BAC, and that's all I need to call it a day.
Time to work in the garden, clean some kegs and transfer my Scottish and Imperial IPA into keg, then it's off to the beach for some roller blading before I pick up my sister at the airport this evening and enjoy some dinner, paid for by this very kind market.
Stackin' up to be a nice long weekend folks, I hope you enjoy yourselves! 
Positions going into the long weekend:- Cashola Maxola
- Google $550/$560 Bull Put Spread
- Long Common (all high yielders): NAT, CTL, NLY, AGNC, BIP
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Stonehenge
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Re: Stock Update for February 16, 2012 - NAT, NLY, CTL, FCX, [Re: geokills]
#15827202 - 02/18/12 10:25 AM (11 years, 11 months ago) |
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I'm glad you guys are making money but i wonder sometimes if the bulk of the market investors read the papers? Moody's downgraded not only greece to junk bond but virtually the whole eu got downgraded or a credit warning. The eu and the euro are wobbling and look like they could fall. Obama is pushing for war with iran and just made another move by bullying the european financial group "swift" to exclude iran from its system. Iran has said it would retaliate and has already threatened to close the strait of hormuz. Talk about poking the bear with a sharp stick!
I'm topping up my tank while we still can get gas at all. It may be $20 a barrel next week. What will this do to the markets? You tell me. Meanwhile, the band played on.
Or am i chicken little and the sky is not falling?
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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geokills
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Re: Stock Update for February 16, 2012 - NAT, NLY, CTL, FCX, [Re: Stonehenge]
#15827533 - 02/18/12 11:59 AM (11 years, 11 months ago) |
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Throughout my now handful of years of trading experience, I have come to realize that if you want to consistently and reliably make money in the market, you need to approach the market as it is given to you, not as you would wish or expect it to behave. It is constantly changing, and what may have worked yesterday may not work today. In this line of thinking, trading stocks isn't so much about the companies or the sectors that the stocks represent; it's about trader psychology.
Quote:
i wonder sometimes if the bulk of the market investors read the papers? Moody's downgraded not only greece to junk bond but virtually the whole eu got downgraded or a credit warning.
The Europe/Greece situation is already well known and has been for months. A downgrade now means very little, as such a move has already been anticipated and factored into the big money manager's strategy. What is also well known is the "kick the can" dynamic of slapping various bandaids on various catastrophes and deferring the carnage to a later date, in hopes that an aversion may be happened upon before that date comes. I'm not saying I agree with the mentality, or that I believe we can in fact avert catastrophe in the long run; but that's beside the point, because "long run" can very well be longer than I'm alive on this earth.
Coming full circle and back to my first sentence above, I am trading the market as it is given to me, not as I would wish or expect it to behave. If big money has accepted a pending Greek default and wants to believe that Europe will find some way to resolve or at least quarantine its issues, so be it. The fact of the matter is, they will try everything to stop the bleeding, because if the entire region does default, we will very likely have bigger problems to worry about other than our stock portfolio. It is also worth noting that through diversification, disciplined risk management and the diligent use of sell stops, I won't lose a whole lot of money even if the worst case scenario does come to fruition.
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Stonehenge
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Re: Stock Update for February 16, 2012 - NAT, NLY, CTL, FCX, [Re: geokills]
#15828801 - 02/18/12 05:51 PM (11 years, 11 months ago) |
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Geo, that makes sense. You will grab your profits and hope your stop losses save your from serious damage. I've noticed you often get out of your positions before the weekend. You've seen too many 'fall off the cliff' scenarios come monday. You will always do well but the widows and working folk with their retirement largely in stocks are the vulnerable ones.
I'm getting a nice return on my real estate via rent which can't be easily wiped out. I'd like to see some kind of adjustment to europe as well as our own ongoing problems. I do see what you say about kick the can and that goes on for a long time. But as we saw in '08-09 and last year, things can change rapidly. If the market takes another big tumble, i'm less worried about getting caught in the undertow.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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geokills
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Re: Stock Update for February 16, 2012 - NAT, NLY, CTL, FCX, [Re: Stonehenge]
#15839660 - 02/20/12 08:23 PM (11 years, 11 months ago) |
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Stocks to watch this week for possible upside volatility expansions:- CBI
- INTC
- JPM / WFC / GS
- ROST
- NAT
- OMX
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geokills
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Stock Update for February 22, 2012 - ROST, MMM [Re: geokills]
#15846467 - 02/22/12 08:21 AM (11 years, 11 months ago) |
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The market is rather neutral this morning... but there still appears to be some low risk opportunity:
- Bonafide volatility expansion in ROST, hitting an all time high as it comes out of a squeeze.
This is typically a very strong buy signal that can carry forward for quite a bit of upside.

- MMM in the midst of a tight volatility squeeze with an upside bias. Not quite breaking
out yet, but given the buying since the open, I think this one is going to pop very soon. Support is close enough that I am 100% comfortable with the loss should this trade go against me. Truly, that's how you should be with EVERY trade you take, know exactly what you stand to lose before you buy the stock, so that if the trade goes against you, you aren't emotionally crippled by an unexpected loss.

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geokills
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Re: Stock Update for February 22, 2012 - ROST, MMM [Re: geokills]
#15847069 - 02/22/12 11:36 AM (11 years, 11 months ago) |
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Also buying GLD and SLV today, as both look poised to break out of their respective volatility squeezes. Check out the intraday volume bars at 1pm eastern time today, looks like a big buyer is stepping in and it could be the start of another leg higher for these precious metals. I have been holding some physical for several years, but I also like to trade around the paper versions of this asset class when the opportunity presents itself. It looks, at least to me, like opportunity is knocking at the door.
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geokills
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Stock Update for February 23, 2012 - GLD, SLV, IBM [Re: geokills]
#15852055 - 02/23/12 11:23 AM (11 years, 11 months ago) |
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Uncanny how this market continues to give away money, even after it has been doing so for months on end! There is really some seriously strong demand after a very frustrating and disappointing 2011.
MMM and ROST have yet to move out of their squeezes, but I caught a new squeeze expansion in IBM today, as it broke to new all time highs. This one should have plenty of room to run, with no overhead resistance and a decisive breakout on high volume from a very tight volatility squeeze.

Gold and Silver continue to expand out of their respective squeezes that I highlighted yesterday. Just stay long and enjoy the ride! I actually added to SLV today, as it moved above its 200 day moving average and eclipsed the highs from late October last year.
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demiu5
humans, lol


Registered: 08/18/05
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Re: Stock Update for February 23, 2012 - GLD, SLV, IBM [Re: geokills]
#15852614 - 02/23/12 01:54 PM (11 years, 11 months ago) |
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why is it that silver is about the same cost/value as physical silver, while gold is only ~10% of its physical cost/value?
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Stonehenge
Alt Center

Registered: 06/20/04
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Re: Stock Update for February 23, 2012 - GLD, SLV, IBM [Re: demiu5]
#15853053 - 02/23/12 03:27 PM (11 years, 11 months ago) |
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Maybe i can answer that one. GLD, the etf stock, is actually 1/10 oz per share. It trades at less than spot price so you buy it cheap and have to sell it cheap.
Geo, i thought an all time high would be a bad time to buy? Seems like there would be profit takers.
>Bonafide volatility expansion in ROST, hitting an all time high as it comes out of a squeeze. This is typically a very strong buy signal that can carry forward for quite a bit of upside.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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