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AF - Here is the link. Looks like a nice selection, many options, and for the most part it looks like prices are just slightly higher than spot.
http://www.jmbullion.com/
Thank you. I'll be sure to sign up today.
Anyone on Orions that has ever used JM Bullion to buy physical metals or coins? If so, what are your thoughts/opinions?
Hey Vlisp - I am seriously considering starting to buy some physical silver. To date, I own nothing of that nature, and I'm really unsure on where to begin. Do you have any suggestions on where or how I should start? I know a guy at work that has bought some physical silver, so I intend on talking to him. Other than that, I'm not sure if I just need to locate a reputable coin and bullion dealer, or if I should consider online sources? I have done some quick searches on the internet, and it appears that you can get some pretty good prices that are just slightly higher than the spot price. The site that has caught my eye thus far is JM Bullion...any thoughts or opinions on this site?
Sorry for all of the questions, but thank you in advance for your answers and opinions. I just am a bit nervous about buying bars, as I recall seeing a few months ago a report on fake bars that basically had a pure outer shell, but then had something like lead in the middle. I just want to make sure that I learn what I can so I don't get burned with counterfeit bars, and also so I don't fall into a trap paying too much over current spot price.
$MNGA - I still think this one needs more volume. I don't understand what is moving it so much today. I've been holding this one for a long time now, and the one thing I know for sure is that it always goes back and fills those gaps, and it opened with one today. I still have not added since MNGA has been under $1, and won't plan on adding until I receive a solid PR.
Yeah, you're right. I'm not complaining about a profit as I took 10% too. Just kills me a little bit that I've been just a day too early in my last two moves with TVIX and JNUG.
Boy these ETF's are killing me. I first got rid of TVIX a day too early. Now I got rid of JNUG a day too early. Left about .50 per share on the table with the current pps of JNUG.
Yeah, this one has been a tough one. They have so much good, but just can't ever get the big sale I guess. I think you can help me (and others) out here though. I never played MNGA in the .40's. I think you and some others caught that first big run up. In the .40's, did they also have a delisting notice? If I recall, they did, but I don't know what started the run up to that $2.40 range...do you remember any info on that?
MNGA - Great...Delisting notice received.
http://biz.yahoo.com/e/141217/mnga8-k.html
My question would be, is it real? Couldn't I go out and create a Yahoo name like Obama or something like that? My gut would tell me it's a poser...I mean, why in the hell would a CEO be posting on a message board? Seems a little far-out to me.
TVIX - Boy, did I f#%$ that one up.
TVIX and this run is making me ill...uggghh...that makes two times I got out of that a couple days too early...
Yeah, I sold out of that one too early...well, technically I did not. I traded and got out yesterday before the market recovered at the close. My mistake was not rebuying my position at either the close or AH's. She is booming now...I don't want to chase though...
Me Three...If I would've held just to today I would've been back green...Oh well...I just wish I could get a feel if this is really it or not, if so, this would still be an awesome entry to try to run up to $6-$7 again...unfortunately, I wouldn't be surprised to see the markets run up towards those all time highs again by close on Friday.
$NADL - Thanks Matt and Orions for NADL pick.
NADL - Thanks. I'll make sure to read up on that tonight after I get home from work. Looks like this one has a lot of room to move back upward.
NADL - Just grabbed a position at $1.58. Do you have a stop set? What target do you have in mind?
Have to admit, have looked into nothing at this point but sold my TVIX earlier and had to get something else. Looks like many folks are in NADL, and the chart looked way too oversold not to jump in.
No kidding, right? It has been absolutely sickening. I will sit back and watch for a re-entry, but may just move on. If I knew what the hell BAA was going to do, I would add to my position there.
I just sold my TVIX. Took a $1400 loss, but 2040 doesn't seem to want to break. May have been a mistake, but acting like it wants to bounce. Also, 6 days ago when we opened low with the gap, the market came back to fill that gap...so I'm a little leery of that happening again.
Thank you very much! We'll see what happens. We've broke 2040 a couple times already, but seems to want to always bounce back.
Hey Vlisp - I'm still holding my TVIX, and so far today it looks like it could be a good move. I know you were watching the SPX chart, and if I look at a daily it looks to me like there could be some resistance at 2050, some more resistance at 2040, but then if 2040 breaks I'm kind of seeing a big SPLAT!!!
Am I reading that correctly? Also, when you were getting in and out, you seemed to time your buys and sells pretty well through the day. Aside from looking at a daily chart, what were you using? Were you just looking at what that day was doing in a 1 minute or 5 minute chart?
Any advice you have would be much appreciated. While I'm hoping this finally pays off, I also have a good opportunity to cut some of my losses if this is indeed just another small pullback.
What's your take...another head fake, or is this downward move the start of the real correction? I'm still holding my TVIX. While I'm at a loss and am ready for a big run, I'm not opposed to selling runs up, and then buying again on dips. I'm just not good at seeing the when those tops are coming, and when the dip is at (or near) bottom.
Sorry to hear that. I was just going to ask if you were still in. I've still got mine, but thinking about cutting my losses today too. If we see $2 then I think I'll be bye-bye. It just crazy sick that this market can keep running like this. It's a joke really.
I'm in the same boat with Fidelity. My sell is set at $2, but you can bet your a$$ that I'm holding out for more than that. I'm not sure what pps we need to get to before we can set our sell above $2, but I'll be watching for that pps and move my sell to at least $4.
Yeah, that is a problem them. I too was in particular looking for Blackrock. As you mentioned, we know Franklin sold, so how would we know if Blackrock sold? Especially since we've seen no filings? I would assume they are still holding...do you agree?
Yeah, I still think the way the market is going is insane. Should have probably taken a loss yesterday on Vlisp's alert, then could have bought back today. Oh well.
Per Morningstar Blackrock still has all of their shares.
http://investors.morningstar.com/ownership/shareholders-overview.html?t=BAA®ion=usa&culture=en-US
Also, by adding their numbers from what is owned by institutions and what is owned in funds, I still show total institutional ownership of 85%.
OK, thanks. I haven't sold anything yet, but mainly because no matter what I sell I will be taking a loss. I was holding out hope that yesterday was setting up for something bigger. I will probably be watching for your next alert, and will dump out accordingly.
Are you out of TVIX then? I know you had sold some at $2.48 yesterday. Was watching for the second 2050 back test yesterday, but it only ever hit 2053. Didn't expect today to bounce right back. But the idea of an R/S scares me. Is that just thought right now, or have you seen info on a possible R/S?
Hey Vlisp...
Found this on BAA at Morningstar. At the very bottom of the page, under the section "Peer Comparison", it appears to me that BAA is still about 85% Institution (59.02%) and Fund (26.05%) owned.
Do you agree with these numbers? Is there something that I may be overlooking? Just wondering how Morningstar shows these numbers, when some of the other sites like Yahoo or Nasdaq are showing institutional ownership around the 30% range?
http://investors.morningstar.com/ownership/shareholders-overview.html?t=BAA®ion=usa&culture=en-US
So did Blackrock sell then, as I don't see their name listed anywhere? I was thinking the institutional ownership was only a portion of what the total was, and that ETF's, etc were calculated differently. I could be way off base, but at one point in time there was tons of excitement that BAA was ~90% owned by institutions, but only about 50% of that ever showed up...the other 40% was assumed to be in different funds.
I may just be crazy, but I remember the excitement around that 90% number and it's a bit worrisome if we're now really down to 25-30%.
I've seen that the institutional ownership has been on the decline, but still a pretty healthy percentage. That being said, I don't know where to find the ownership of like Blackrock and the shares they have in their funds. Where do you go to find that info?
I don't care if gold is going down. I was simply asking if he still held his shares since I know he liked BAA early this year, but with 90% now in TVIX I wasn't sure if he dumped his BAA or not.
Do you still have your BAA?
What I'm trying to figure out is if they've sold any of the 8+ million shares yet? The volume as been incredibly low as of late, so I wasn't too worried about the decline in pps. If some of this starts selling on the market now, I'm just wondering 1) How low will it go? and 2) How long will it be before they are done selling all of those shares?
That is hilarious. Just made my night! LOL
We're buckled and ready!
There is no real timeline on the verdict though, right? Just that it is expected this week?
When do you expect to see the big sell off today? Just wondering if we should expect it anytime, or if it will be into the close again. Been watching that MACD and it looks like if there was a good push down that it would cross below.
Disappointed to see gold with a big fall off so far. I may have missed something, but any idea on why its started tanking in the past hour or two?
You do realize that gold is down today, right? I don't think that has anything to do with confidence in BAA. All of the miners I'm watching are down between 5-7% today except for one that is only down 2%. So I'd say BAA is doing better than most.