tag:blogger.com,1999:blog-6969366797834293153.post2320550136273378053..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 12/28/16 Route 66-> US Indexes take a dive for the team!MarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-6969366797834293153.post-74931822785542279272017-01-05T12:55:43.288-08:002017-01-05T12:55:43.288-08:00My next sell limit is at $1.85 for the bunch of sh...My next sell limit is at $1.85 for the bunch of shares I purchased at $1.60.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-17064003813904121882017-01-05T12:26:45.132-08:002017-01-05T12:26:45.132-08:00HLX decided to sell $200M worth of shares at $8.65...HLX decided to sell $200M worth of shares at $8.65:<br /><br />http://phx.corporate-ir.net/phoenix.zhtml?c=94139&p=irol-newsArticle&ID=2234137<br /><br />WTF??? I thought they did not have any debt problems...<br /><br />Second question: why didn't its price plunge to $8.65 today? Is it possible for small investors to purchase shares at that price?Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-89902524654499015032017-01-05T12:17:48.579-08:002017-01-05T12:17:48.579-08:00Not nice to see my two oil positions, BTE and HLX,...Not nice to see my two oil positions, BTE and HLX, down on the day when oil is up more than 1% -- I guess this is the reversal of Tuesday's anomaly. :)Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-29071846977041973332017-01-05T12:16:24.115-08:002017-01-05T12:16:24.115-08:00The limit was hit today. Now I am all out of GNK, ...The limit was hit today. Now I am all out of GNK, with only some NMM remaining. Thank you, Mike, for bringing GNK to our attention! :)Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-23175401186128225782017-01-05T12:15:14.855-08:002017-01-05T12:15:14.855-08:00The second limit was hit today at $1.65.The second limit was hit today at $1.65.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-40050928192084645232017-01-04T11:11:15.111-08:002017-01-04T11:11:15.111-08:00The first sell limit was hit today at $1.56The first sell limit was hit today at $1.56Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-58602916264306509372017-01-03T13:11:38.450-08:002017-01-03T13:11:38.450-08:00Placed a sell limit order at $8.37 for another bun...Placed a sell limit order at $8.37 for another bunch of GNK shares that I purchased at $7.37.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-62686575941131177972017-01-03T12:34:20.261-08:002017-01-03T12:34:20.261-08:00Nice to see all oil stocks up with oil down 2.7% :...Nice to see all oil stocks up with oil down 2.7% :)Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-72040153171631700252017-01-03T11:18:35.457-08:002017-01-03T11:18:35.457-08:00Happy New Year everyone! I hope it turns out to be...Happy New Year everyone! I hope it turns out to be fun and profitable for everyone here! <br /><br />For me, it did start on a good note: GNK hit my sell limit at $8 for the shares I purchased at $7.07. A little while ago, I decided to recycle that money into NMM at $1.44. Placed sell limits on it at $1.55 and $1.65. I think NMM does not have much further to fall, and I'll try trading it around the bottom for a while.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-19867480167803523742017-01-02T06:40:19.808-08:002017-01-02T06:40:19.808-08:00Happy New Year Boyz!
Interesting interview with J...Happy New Year Boyz!<br /><br />Interesting interview with Jim Chanos, a taste, "LP: What do you hope might happen in this emerging world?<br /><br />JC: This is the tough thing about being in the financial markets. You can have opinions on all this stuff and either get it wrong or have it not matter."<br /><br />Full interview if interested<br /><br />http://www.huffingtonpost.com/lynn-parramore/jim-chanos-big-change-ahe_b_13791246.html?section=us_businessTelestar3dhttps://www.blogger.com/profile/12360818063542717928noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-3609063593934460482016-12-30T19:24:02.157-08:002016-12-30T19:24:02.157-08:00http://www.sciencealert.com/watch-tesla-s-autopilo...http://www.sciencealert.com/watch-tesla-s-autopilot-predicts-a-crash-freakishly-earlyAnonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-91865165111072368882016-12-30T12:02:49.315-08:002016-12-30T12:02:49.315-08:00Sold for a loss.Sold for a loss.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-39161781198818682272016-12-30T09:42:18.490-08:002016-12-30T09:42:18.490-08:00Back in NUGT for a trade at $7.95. Back in NUGT for a trade at $7.95. Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-65005494214163414352016-12-30T08:12:02.695-08:002016-12-30T08:12:02.695-08:00I sold the morning pop at 13.65. So much for hold...I sold the morning pop at 13.65. So much for holding it long term ha. I just am being picky trying to time bottom Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-50937527118823792312016-12-29T22:30:27.967-08:002016-12-29T22:30:27.967-08:00Ended up taking a good sized position in FCX today...Ended up taking a good sized position in FCX today. Hopefully it's not a mistake. They have some near term risk with the Grasberg mine contract set to expire in 2 weeks. They've extended for like 40 years now and it's in Indonesia's best interest but you never know with these foreign countries. <br /><br />The stock made a double bottom today with prices from a week or so ago. Manageable spot here on the chart. I still think we see $19+ in Q1.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-13406150594548859102016-12-29T10:30:29.894-08:002016-12-29T10:30:29.894-08:00There are a lot of cheaper stocks over there.There are a lot of cheaper stocks over there.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-68341545145174303872016-12-29T10:27:00.021-08:002016-12-29T10:27:00.021-08:00I ended up putting a little of that and fCX into m...I ended up putting a little of that and fCX into my kids accounts today. FCX will benefit significantly from the boost in copper use in electric cars. It will take time to play out but I think within 5 years you will see FCX up at new all time highs.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-51254465718985824232016-12-29T10:26:48.314-08:002016-12-29T10:26:48.314-08:00I think 2017 may finally be Europe's year to t...I think 2017 may finally be Europe's year to take the lead. They are a couple years behind the US in straightening out their economy and things look to be starting to turn and their valuations are a lot better than the US. Plus, the Euro is at lows, so can buy their stocks cheap with US$ and the benefits of the low currency will flow into European based companies.BB Canadahttps://www.blogger.com/profile/04765452269851135232noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-5015701020372156652016-12-29T10:22:57.268-08:002016-12-29T10:22:57.268-08:00Very smart guy and great at communicating his visi...Very smart guy and great at communicating his vision. Hard to justify the valuation based on the car business they are in, but he could be doing a Jeff Bezos and growing TSLA into far more than it is now.BB Canadahttps://www.blogger.com/profile/04765452269851135232noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-74914715189625579702016-12-29T09:42:21.735-08:002016-12-29T09:42:21.735-08:00On the flip side I think the dollar is going to dr...On the flip side I think the dollar is going to drop a decent amount here which should be great for gold miners, stocks like FCX etc. That could also keep the market going. I think way too many people have gotten bullish on the dollar.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-73836347079398293592016-12-29T09:39:31.668-08:002016-12-29T09:39:31.668-08:00I'm setting up the kids accounts for their col...I'm setting up the kids accounts for their college funds and I'm tempted to put a small chunk into TSLA and just letting it ride. I'm fascinated with the stuff Elon Musk is doing.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-79568031383103600992016-12-29T09:38:46.394-08:002016-12-29T09:38:46.394-08:00Sold SQQQ at $12.7...just gonna keep searching for...Sold SQQQ at $12.7...just gonna keep searching for entries on the stocks I like. DB and FCX coming down.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-57221611450792777212016-12-29T09:16:20.828-08:002016-12-29T09:16:20.828-08:00If I had to guess, we will see the market rally in...If I had to guess, we will see the market rally into year end after the dust settles on the initial volatile first few months.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-35155112802580886692016-12-29T09:15:22.763-08:002016-12-29T09:15:22.763-08:00People are gonna rush to the exits to take their g...People are gonna rush to the exits to take their gains first day of the year. I'm thinking we get a 4-5% drop, then a rally to the 20k, then a 8% drop....not sure of rest of year but that's my take right now for the first 4 months or so.Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-19324930239244001622016-12-29T08:50:03.912-08:002016-12-29T08:50:03.912-08:00My take on the end of 2016/ early 2017.
(a) 50/50...My take on the end of 2016/ early 2017.<br /><br />(a) 50/50 chance the DJIA closes above 20000. Should it occur, the 'event' is likely to unfold either as an unexpected 'gap up' on Friday, or as a program-driven spike in the final 30 minutes of trading on Friday.<br /><br />(b) The divergence between US markets and emerging markets will continue for several months. <br /><br />(c) All stock markets will surge higher in the first half of 2017. We're unlikely to see a significant pullback until the summer months.<br /><br />As you know, I have little faith in predictions. However, I have a little faith in pattern recognition, which is probably what lies behind my takes. The reason I attribute them to pattern recognition is that I generally don't try to work too hard at coming up with scenarios- instead, as I take a walk or reflect at my desk the growing probability of a given event will dawn on me. It's really no different than what Wayne Gretzsky used to say about skating to where to the puck is going to be, and not to where it is.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.com