investing & flipping
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OK so it looks like we have a deal with Iranastan. So now what? Up or down?
UWTI
I sold my JDST position last week for 16% profit. I have a hedge on NUGT at $10.50 just in case the world goes postal. I have no intent to average down at this time.
GLTA
NUGT
So that will put us what, back in the $3 range here?
UWTI
What are you smoking?!? I want to smoke some of that! Gold is going to have a bounce but I doubt that bounce will push this much below $8. The bounce ralley is probably going to last 3 - 5 days and I doubt we hit $1195 in gold.
JDST
Sorry if I was not clear. What I meant was is we hit $31.10 this year already.
:)
RUSL
And $31.10 again this year.
RUSL
This thing is bouncing through my stop pre-market so I think I am going to take the stop off and let it ride. I don't want to get stopped out during amature half hour and then have it run.
RUSL
I wanted to hedge on the dark side when the price dropped below $60. It his $100 today.
sigh
Giant bag holder over here on UWTI.
:(
That's OK. Just made 16% on a 3x gold bear position that I held for 58 days. Could have made 19% but my crytal ball was cloudy and I got stopped out. :)
I think we will see plenty of opportunities to average down here all the way into next Spring. No rush.
UWTI
I held for 58 days and pulled down 16% profit today. So much for the theory that longs can't profit here. I could have made 19% but I got stopped out.
Gold going to $1140 before it goes to $1200.
JDST
We'll see $1140 before we see $1200 again.
I'm out of JDST with 16% profit. Went from 1% to 16% profit in 90 minutes this morning.
Keeping a black swan hedge over here in NUGT just in case.
NUGT
I'm out! 16% profit! Went from 1% to 16% in an hour and a half!
JDST
YE HAW! (play General Lee Dixy horn sound hear)
I have had a $1548 bet that the juniors would IMPLODE and it looks like it has started. I have a tight stop in today. I have no problem holding for days, weeks, months, averaging down. But since we have been range bound and I already turned down a 10% profit I decided to go for it.
Worse case scenerio I get out with 11% today.
JDST
HA! Take THAT gold NERDS!
Gold go'n DOWN!
I got a tight stop in over at JDST. Their PAIN is MY gain!
I still have a $500 hedge over here in NUGT at $10.5 just in case Putin pushes the red button.
:)
NUGT
I agree with TrunkyMonkey. Hedge here for me. I think this bounce in gold is a fake-out. When we slipped through $1170 the next test should be around $1140 in the next few weeks.
NUGT
I usually try to make about $2 per share here before I sell. I need mid-10s to take profits.
JDST
Darn pre-market traders giving us a 60 cent plunge!
Maybe I should have sold at 9am for $10.
JDST
I need $12.50 to take profits.
NUGT
What we need is to wake up one morning to a picture of the ISIS flag flying over the Saudi royal palace on the front page of Drudge.
Should be good for a jump from $60 to about $200 by opening bell.
UWTI
Too many death gyrations going on in the markets. I think we might see the implosion this year instead of my 2016 prediction. I am holding bull and bear positions on gold. A bull position on oil (UWTI). And have $$$ on the sidelines to short the S&P if it looks like the Market is going to go tits up.
If we see an implosion I am not sure what oil will do.
UWTI
So who is RB and why do you want them to kiss your butt?
On UWTI I don't know now if we are going to see $68 this Summer or not.
:(
UWTI
Wow! Fastest split I have ever had with Scott! Took about 1 day. Of course my 500,000 shares are now down to 50. Scratch another penny off the list of potentials.
STBV
Experts eyeing possible $65+ in the next few weeks?
http://www.kereport.com/2015/06/02/gary-thinks-oil-room-run/
That should put UWTI at the $4.50ish level (amature guess here)?
UWTI
I hope so because pigs like me are holding for $5+ this Summer. No flip'n.
UWTI
Oil gonna TANK after Summer. Get ready to play short.
But for today go UWTI!
UWTI
Is that a bull pennant?!?
NUGT
We have gap downs on May 19 and May 26 that need filling. :)
The 26th might fill today. 19th would take a while but would be CHACHING for my hedge!
NUGT
I bought in the DC area in 2003 for 188K. Two years later comps were at 315K. Then the crash came and went. Comps were as low as 100K. House now is up to about 230K. Steady as she goes.
Hope oil climbs faster than my house! Sheesh!
UWTI
I might buy a hedge here tomorrow against my JDST position. Looking to buy $10.48 to $10.98.
NUGT
That's why I am not using stops on this one. I know, crazy. Been using this strategy for a year with 3x gold with success. Takes brass ones though.
UWTI
You might be right.
I am playing the bull side of oil and the bear side of gold so no matter which way the $ goes I should make some coin.
Long UWTI
UWTI
Bloomberg reporting that the Bears are missing out on the Summer oil rally. Short percentages are dropping. Can't wait for Tuesday!
http://www.bloomberg.com/news/articles/2015-05-24/oil-bears-miss-out-as-record-u-s-refinery-demand-drives-rally
UWTI
$4.50 won't be bad for my $3.66s either. Still hoping for $70 by end of August. It will be a slow climb so I doubt now that we will see much over $5 here. But profit is profit.
UWTI
Amerika is like a crazed fireman. We start the fire, put the fire out, and say hey look at us the world needs us! lol
Some of us are not buying the propaganda any more.
UWTI
I have a hot rodded '83 Caprice in the drive the only stock part in her is the rear axle.
Wife's ride - customized 2006 Scion xA 0-60 in 11.5 seconds 29 city 37 highway.
My ride - stock 2012 Camry Hybrid 0 - 60 in 7.6 seconds, tops out 122mph, combined 36 city/highway. 198hp and 348 lb/ft of torque!
My '71 Corvette with L-48 block, convertible, turbo 400 trans, and 308s ran 0-60 in 7.1 seconds stock (GM numbers) and got 12 city 18 highway. My mid-sized FOUR CYLINDER is only 0.5 seconds slower and gets DOUBLE the mileage. Vette was way cooler though and modded up the ying yang.
Long UWTI
UWTI
Hey, the ask is at $500.00.
:)
HNSS
My sale target is also $10.50.
Come on $1175!
JDST
Any level below my BAG HOLDING positions would be a good start. lol
I am not buying back into NUGT until she pulls back to under $11. I sold my $10.50s for $12.60 plus. Now if a black swan goes down I will buy NUGT right away (i.e. stock market crash).
I am currently playing JDST averaged in at about $8.50. I think gold has toppped out on this run but not sure if it is going to tank or step down.
NUGT
I think we'll be at $70 by end of Summer, then it's time to play DWTI.
I have revised my price down again and again. I'll be happy with $5.90 here.
UWTI
Iran, another train wreck caused by Uncle Sam. Mohammed Mossadegh
was the democratically elected leader of Iran. He was anti-communist (Soviets), pro-Westerm, ali of America, ali of Britain, and beleived women should be educated. His mistake? He Nationalized the British Petroleum (BP) oil fields. We along with the Brits had him over-thrown bringing in the Shaw who brutalized the Iranian people. Then the Ayatollahs took over. Less brutal but big time anti-American. Saddam was brought in to be a counter ballance to the mess we created in Iran.
And you all thought they just woke up one day and decided to hate Amerika. Not quite how it happened.
UWTI
And if Saddam was still in charge this mess would not exist. We put Saddam in power, we sold him WMDs which he used against Iran and the Kurds, and we took him out. So our hand has been in on this mess since day one.
Short memories we have.
Long UWTI.
UWTI