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Yup, gotta listen to the charts. It was telling me to exit.
Got outta here with a $96 loss. Rather play stocks that are moving a little more than have $$ tied up here too long.
I didn't read much on what they are selling but this IPO to means screams $$$ for DRYS in some form or fashion.
$DRYS: Wholly owned subsidiary of DRYS files for IPO:
http://www.nasdaq.com/markets/ipos/company/tankships-investment-holdings-inc-955524-77488
As of this post, DRYS is under Black Box control but trading in a tight range.
1/21/2015: Wholly owned subsidiary of DRYS files for IPO:
http://www.nasdaq.com/markets/ipos/company/tankships-investment-holdings-inc-955524-77488
Law firm PRs about lawsuits against NYMX have been killing this thing. I took a small position here. Chart looks like it could be setting up for a big bounce. Don't enter without a stop-loss or some type of alert in place.
Great day in ANV today. It closed a smidgen above the 50 SMA. I will be watching for possible re-entry tomorrow depending on how gold does overnight or if I would rather play Gold ETFs instead.
Awesome. Thanks for the link. Gold is kicking butt today.
GOLD - Broke above $1230.
50 SMA was at $1.19. We broke it...just need to close above it.
If gold can break $1230 and stay above it, a new ballgame will be underway.
$ANV is running today nicely. Glad I got in on Friday.
The 50 SMA is sitting between $1.18 and $1.19. If we can close above it, good sign.
ANV is kicking butt today.
Going much higher. 100K+ bid at $1.13.
1/11/2015: Dollar slips with yields, oil still dropping
http://finance.yahoo.com/news/dollar-slips-yields-oil-still-015614657.html
By Wayne Cole
SYDNEY (Reuters) - The U.S. dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, though turnover was light with Tokyo on holiday.
Share markets were mixed following a soft finish on Wall Street though sentiment was supported by speculation the Federal Reserve would be patient in tightening policy given the weakness of wages apparent in the jobs numbers.
Wages fell by the most since the series began in 2006 even as payrolls increased by a brisk 252,000.
Treasury yields fell sharply on the news as the market pushed out the likely timing of the first rate hike, which in turn undercut the dollar.
The greenback dipped as far as 118.12 yen first thing on Monday, reaching a low last seen on Jan. 6, before steadying at 118.30. The euro edged up to $1.1865 and away from last week's nine-year trough of $1.1754.
The dollar index slipped to 91.788, off a nine-year peak of 92.528 scaled last week.
With Tokyo shut, there was little initial reaction to news Japan's government planned a record budget for next fiscal year of more than $800 billion as Prime Minister Shinzo Abe seeks to shore up the economy.
Australia's share market started the new week with a loss of 0.5 percent, but MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent.
On Wall Street, the Dow ended Friday down 0.95 percent, while the S&P 500 fell 0.84 percent and the Nasdaq 0.68 percent.
The U.S. corporate earnings season starts this week and expectations are low given sluggish global growth and the strength of the dollar.
Euro zone share markets had been pressured in part by reports the European Central Bank had still not decided on a plan for quantitative easing and might buy only 500 billion euros of government bonds.
Investors have been wagering that the purchases would be at least twice that and would be announced in full at the next policy meeting on Jan. 22.
Italy's central bank chief warned on Sunday the risk of deflation in the euro zone should not be underestimated. He said the best way to deal with the problem was to buy government bonds.
In commodity markets, oil prices remained under pressure having hit their lowest since April 2009.
Brent was quoted down 92 cents at $49.19 a barrel, after touching a trough of $48.90 on Friday. U.S. crude skidded 83 cents to $47.53 a barrel.
The drop in the dollar helped gold nudge up to its highest in a month around $1.226.80 an ounce.
(Editing by Shri Navaratnam and Jacqueline Wong)
I am seeing interest in BAA light up around the Internet. Dang, wish I would have been in it. Will watch for possible entry. Already in ANV.
I like that guy's style. Very animated.
I think oil is heading lower but I am with you. Gold & silver are my main interests right now.
Screw this. I am getting in tomorrow...focusing exclusively on accumulating gold and silver tickers to build up free ride positions long term. I am also keeping my eye on oil as well to build up free ride positions but gold and silver tickers take precedence.
That video is deep.
Good article.
John, you post some good stuff, man. Earned a follow from me. Thanks.
John, do you invest in natural gas index tickers or individual companies?
Awesome article. Thanks for sharing. I finally got into gold after being stopped out of a bio stock that is getting reamed hard by Algo trading.
Heavy manipulation going on here. I got stopped out for 35K shares and the price I was stopped out at did not even show up on the Bid. It was higher than the Bid but lower than the Ask.
Level 2 did not change at all and absorbed those shares without issue.
Got stopped out of here. Good luck, guys.
Tell that to the Algos running this down.
Algos are trading this back and forth to drop it lower. Very little retail action here.
By the price dropping so much on little volume, it indicates strong holding going on.
I see it like this using real estate as an example: There is a sub-division that contains 2000 houses (shares). About 1800 houses were purchased by individuals. 200 hundred houses are still left for sale but no one is buying right now because people are still waiting for community updates (second pool added, gym installed, new playground) by the builder (company you invested in).
What the banks are doing (MMs and Algo boxes) is taking those remaining houses and flipping the majority of them to other banks at lower prices. Some private investors are picking them up at lower prices but the banks are mainly flipping to other banks.
Then, those banks flip to other banks at lower rates. They keep flipping back and forth between each other. Mind you, the banks don't have to pay the same costs that private buyers do when transfer is made between two banks.
The cycle keeps going on and on and property values in the neighborhood plummets because of what the banks are doing with the remaining 200 houses along with the builder being silent on the pending updates.
Until the builder provides updates that may encourage others to buy and possibly flip (trade) houses, the banks will continue to drive property values down by flipping the remaining inventory.
Some homeowners don't want to get to far underwater so they have decided to sell for breakeven or at a loss back to the bank.
Very good post, which highlighted my mistake of getting in while the balloon was deflating.
1/2/2015: IBIO
Board started to allow others to post stocks on the major exchanges that are currently being manipulated by Algo Trading Machines.
Owned! Lol.
Lol @ Seeking Beta!
Love the moderation. Way too many boards get over ran by OTC garbage posts. Good job!
Flu coverage increasing in U.S. Local News. I believe IBIO knows this and are working on flu treatment to be ahead of everyone else focusing on ebola.
The Flu is widespread in over 36 states and counting. It is a U.S. epidemic.
I follow you. Thanks for the explanation. Much appreciated, John.
So when you sell half, you still pay capital gains taxes, correct? Example: you dropped $30K for 100K shares of MSFT. It moved up to $60K and you sold 50K shares.
Although you are pulling out the principal amount of $30K, you are pulling out less shares because of the appreciated value per share and you will have to pay taxes on the appreciated amount although it is totals the amount of your initial investment.
Am I understanding this correctly?
Lol. I can imagine. I got beat down in another ticker and could not move money to ANV and other Algo infected tickers for the ATM effect.
One thing will be different at the end of 2015 is that I will be playing the Algo run downs starting in Nov since they start dropping stocks around that time.
I messed up last year by going all in on a ticker around da Holidaze. Won't happen again.
Happy New Year. 2015: Stock Market Reset complete. It's time to play The Game!
Happy New Year. 2015: Stock Market Reset complete. It's time to play The Game!