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SARA - Do you have a target on this one Matt, or plan on holding into the winter months?
BAA updated on financing news.
http://finance.yahoo.com/news/banro-gold-holding-advance-toward-140109595.html
Was out this afternoon and finally got checking back in and missed the FR EE fireworks. So I assume .15-.16 is a good entry if I can get it tomorrow either PM or on the open? Looks like it might be a few days before I can get TVIX again, so might look for a quick 25-30% in FR EE if she's ready to run.
Agreed. The one thing that I wonder about is how far and fast it might drop if stops start getting taken out around that $4 range. Anyone that is holding from ~$3.25 or lower might have stops set that could end up driving the price down from $4 into the $3.50's in a flash. Again, I'm just waiting patiently for Vlisp to say "Back in TVIX".
TVIX - Vlisp is the guy to ask on this one. He has nailed it for about 4 or 5 runs right now. I basically watch him for his signal to buy, and then I jump in. I think it was just at the end of last week that he called for a bounce on Tuesday...I just don't think he expected the market to tank both Friday and Monday, but rather trade flat or slightly up.
Anyway, I'm just anxiously awaiting his alert. $4 would be a good entry if we know the market is going to tank this afternoon or tomorrow. But I think Vlisp is feeling maybe a 3-day bounce?
Sounds good. Going to dabble a little bit. Not big funds into either as I want to save some cash for a market bounce and TVIX dip. Added 4k shares of AVL at .246, and have a bid in at .155 for QRM.
MNGA - I'm wondering the same exact thing Newsguy? Would sure be sweet if they did.
TVIX - Please let us know when you are planning to re-enter. By futures it looks like the market bounce could start today. I don't want to enter to early...but at the same time if I have to buy at $4 to sell at $5+ I'll do it.
Also keep me posted on your metal plays. As you know, I'm in BAA big time. Also been watching AVL and QRM per your recommendations...just haven't pulled the trigger yet.
MNGA - Good work Newsguy!
Yeah, TVIX is running wild! I actually thought about jumping in at when it dropped early this morning, but didn't want to get stuck. Little did I know I had another chance at ~25% in a day again.
Sold my TVIX way too early last week...Wowser! She is a beast!
Right. But does the volume from the TSX show up on the NYSE, or how does that work? I guess I just assumed that they were separate shares or something, but this is the only stock I've played that is dual listed.
What do you make of the trading on B A A today? Very low volume. Everyone just sitting tight waiting for news of the financing deal?
Wish I had a crystal ball, as I'd load up on this one if I knew she was ready to fly.
Oh, I've been looking all day...Oh well, I'm not going to be mad about taking a profit...
Sounds good to me! Friday is always kind of scary, but also appealing...seems like there can be some good deals to be had...in fact, I think it was last Friday when I bought my first TVIX.
Cool...thanks for the opinion. I'm just sitting and waiting this last 15 minutes to see what might be hot to buy. Looks like I could've gotten in and out of TVIX again today too. Might just have to save up for that one!
Your thoughts on LIQD? I know you didn't like the CFO selling, but do you really think it will see .60's? It's looking very appealing this afternoon. Way oversold, and it opened with a gap down today. CMF looks like money coming in.
All I could hope for yesterday was the double-whammy for news. I really liked what came out, but could you imagine if they would have followed up with confirming the sale of the sterilization unit, or any of the other things that they have their irons in the fire on? Oh well, our day will come.
MNGA filled its gap. Should have seen that coming.
Yeah, I saw that...$3.70's would've been sweet...I really did consider holding, but it was just too tempting to take the profits on a 1-day swing. I will watch for the market bounce and adjust accordingly...just not sure that we'll see the sub-$3's again this time around.
Sold my TVIX AH's for $3.40/share. Not too bad...24 hours work...In at $2.87 and out at $3.40. I'm only pissed that I held funds back just incase I needed to double it. Please keep us alerted on what your next plan is...I see you were out some in the $3.30's, but I definitely want to know when you're rebuying.
PS - Please keep posting to Orions too. I know a lot of people have rubbed you the wrong way as of late. Bottom line is that I guess each person is entitled to their own opinion. It's unfortunate that some posters feel the need to "attack" others, but I guess I try to ignore that. As I've said before, I just started trading in January, and I've followed you since close to Day 1 joining iHub. Remember IDN? Remember you and Matt screaming buy, buy, buy in the .40's, and AF didn't believe it? I remember you had got so pissed at one point that you stopped posting to Orions for some time. I can't help but think of that now with some of the TVIX and LIQD discussions.
Anyway, I was lucky enough to find your board after your hiatus from Orions, and just want you to know that I appreciate your opinion and your insights. You've helped me learn, and you've helped me make money, and that's what this is all about. Thank You!
We are kicking ass!!! I had to leave work early again today. Thinking about unloading here at 3.41 AH's. Can't believe the market today...wow, I've missed two crazy days here...
MNGA - 8x34 cross on the daily setting up nicely!
More MNGA attention with a couple of other releases. A few more details in this one!
http://finance.yahoo.com/news/technology-reduces-coal-power-emissions-131500973.html
MNGA News
http://biz.yahoo.com/e/141009/mnga8-k.html
Someone correct me if I'm wrong, but is this the type of news that sent SCOK booming a couple weeks ago?
Might have been a nice flip by me, but a better call by you. I couldn't agree any more with the post earlier today about you having this market nailed. I'm going to continue following your posts as I have been. I'm definitely in agreement with you that not all is rosy in Washington, and the markets aren't anywhere near as pretty as they are made to be. So I'm loving gold and other metals...TVIX...and then also will be watching for energy/renewable energy plays.
Back in TVIX AH's. Got in at $2.87 this time. Bought my original position back, but still have enough free cash to double it if we do see a drop into the $2.50's or $2.60's.
Thanks. I may look at putting in half here AH's. Look's like $2.86 is on the ask, and I had $2.88's last go around. One other question for you...Just what the hell happened in the afternoon to send the market shooting upwards? When I left today I'm thinking that the dow was only up 15-30 points...Maybe my mind was elsewhere, but I didn't see this coming today.
I did not. Unfortunately, I had an offsite this afternoon at work, so I missed trading hours from ~11am to 3pm CST. I have yet to check what is going on AH's. I have about $4k in free cash right now and definitely looking to dive back in. My question for you is...what do you see in the markets after today? Will TVIX be driven lower, or is this a one day bounce?
Oh yeah, I'm holding and no stop loss set. I'll ride it to wherever it wants to take me. The good news like you mention is that I've been in for quite a while, so I'm just getting closer to long term taxes on gains.
Might try your .1241 bid again today if it was cancelled at the close yesterday. Looks like they are going to drop it again.
I'm seeing that they would need 38k ounces in Q4 to hit the mid-points on their guidance. 95k from Twangiza, and 21.5k from Namoya. From Namoya alone, they'll need to hit ~4k ounces per month to hit their guidance of 21-22k ounces. I think that should be do-able.
Yeah, something is kind of funny how BAA orders fill. When I put my order in this morning it was only for 13,100 shares, but it took a lot longer than I expected to fill. I'm still a little surprised that we didn't see a green candle today. Twangiza is rocking it, and Namoya...well, its had its problems, but I'm confident they'll get them fixed and hopefully Q4 will show that.
PS - I'm with you...I'll take $1400 gold too...
TVIX - I took the profits on mine today, and will certainly be looking for a re-entry. This week has been ugly...do you see anyway we get some more TVIX cheapies in the near future? My $2.88's paid nice today, so I'll be watching to see if I can pick shares back up sub-$3.
I'm just mad at myself for not being patient this morning. I filled my order around .14...Had I been patient I would've saved myself a penny...LOL
MNGA news
http://finance.yahoo.com/news/magnegas-hires-vice-president-engineering-145200151.html
Just another positive sign for this growing company. Now, if we can just get confirmation of the sale to the hog farm in Indiana.
Thanks. I added this morning. Really, I'm shocked at how this can be down today...although nothing should surprise me with this one. I thought their numbers looked good. Namoya might have been a little lower than people were hoping, however, they stated in the 7/9 release that Namoya would only produce up to 3,000 oz per month in Q3.
Hopefully she'll start making a run soon, as I'd like the financing PR to really make this one turn the corner mid-month.
What are your thoughts on BAA's production numbers? They look good to me, and as far as I can tell they made their mark. Financing on the 15th...Just wondering if today is the day that I need to start adding for a run...
http://finance.yahoo.com/news/banro-provides-q3-2014-production-103547688.html
Yeah, I'm not too worried. Hell, I've still got my BAA so TVIX is going to have to drop big time to look that ugly. Speaking of BAA and gold in general, what are your thoughts? Sure looks like we'll be testing $1180...BAA is still holding those .14's even though gold is down big today.