Lurkin'
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This is a good way.I am changing my food eating.
Super Immunity: The Essential Nutrition Guide for Boosting Your
Body's Defenses to Live Longer, Stronger, and Disease Free
http://www.amazon.com/Super-Immunity-Essential-Nutrition-Boosting/dp/0062080636/ref=sr_1_1?ie=UTF8&qid=1349641568&sr=8-1&keywords=Super+Immunity
Guest Post: My Best Trade In 10 Years
October 5th, 2012 Today I had my best trading day in 10 years of trading. It was today’s One Good Trade.
During that 10 year period I have read over 100 trading books, attended at least two dozen live trading
seminars and read a gazillion online posts from trading “experts”. Despite all of that self-education I
never took the plunge to subscribe to a professional virtual trading floor.
Two years ago I had the good fortune to read “One Good Trade” by Mike Bellafiore of SMB Capital. It opened my
eyes to how actual traders learn and perfect their craft. Coincident to the publication of the book the
movie “Wall Street : Money Never Sleeps” was released. I was fortunate to be invited to attend the first
night with Howard Lindzon of Stocktwits and many of the traders from SMB. Just before the movie Mike
kindly autographed my copy of his book. I have since read it twice.
In January of this year I decided to up my trading game and subscribed to the SMB University. As part of my subscription I can watch and listen to the live online daily Stocks in Play review given most days by Steve Spencer. Each day Steve
reviews that day’s stocks in the news, 2nd day plays and technical plays. I have religiously made notes on
each of Steve’s observations each day since January.
Today Steve’s first stock in play was SRPT. At the time of the review (9am) it had already jumped 16.73
to 31.73 due to news that its eteplirsen drug for treating muscle disorders had shown positive results.
Steve’s advice was to watch the 32 level. It would either fall to perhaps 28 or rise to 34. He said it was
his #1 trade for the day.
I set my alert to 32 and waited. On the open the price dipped to 29.26 and then began a slow climb
to just under 32. Then at 31.56 it began to rise on increasing volume to over 32. It paused there for 2
minutes and then the volume began to increase. I entered at 9:57am @ 32.12. As the price and volume
increased I bought 6 minutes later @ 32.87. I bought again @ 33.71, 35.74, 37.17, 38.77 and 42.77. By
10:16 the 1 minute volume had risen to 428,000 shares.
Each time I bought I set my initial stop loss at .20 above my current average cost so I could ride the price
higher and not get taken out too soon. By the time it reached 43.12 at 10:16 I had raised my stops on
all the positions to 41. At 10:21 I was taken out of all my positions. In just 25 minutes I realized +15.74
cumulative points on the seven blocks: my best single trade in 10 years. The last trade lost 1.72.
The lessons from today are 1) be patient and wait for the trade to develop, 2) watch volume for
confirmation of price, 3) once the trade is in your favor set stops to prevent a loss, 4) understand gravity
will eventually catch up to a hyperbolic move so move your stops up to capture as much of the trade as
possible and 5) pay close attention to what Steve Spencer highlights in the morning meeting.
Days like today in SRPT do not come along that often. You must be prepared mentally and physically
to act quickly and with conviction. Professional sports figures make great plays only after years of daily
practice. Similarly, you can become a successful trader after years of daily practice and make your One
Good Trade.
Zack Porter @zenprofit
www.smbtraining.com/blog/
Guest Post: My Best Trade In 10 Years
October 5th, 2012 Today I had my best trading day in 10 years of trading. It was today’s One Good Trade.
During that 10 year period I have read over 100 trading books, attended at least two dozen live trading
seminars and read a gazillion online posts from trading “experts”. Despite all of that self-education I
never took the plunge to subscribe to a professional virtual trading floor.
Two years ago I had the good fortune to read “One Good Trade” by Mike Bellafiore of SMB Capital. It opened my
eyes to how actual traders learn and perfect their craft. Coincident to the publication of the book the
movie “Wall Street : Money Never Sleeps” was released. I was fortunate to be invited to attend the first
night with Howard Lindzon of Stocktwits and many of the traders from SMB. Just before the movie Mike
kindly autographed my copy of his book. I have since read it twice.
In January of this year I decided to up my trading game and subscribed to the SMB University. As part of my subscription I can watch and listen to the live online daily Stocks in Play review given most days by Steve Spencer. Each day Steve
reviews that day’s stocks in the news, 2nd day plays and technical plays. I have religiously made notes on
each of Steve’s observations each day since January.
Today Steve’s first stock in play was SRPT. At the time of the review (9am) it had already jumped 16.73
to 31.73 due to news that its eteplirsen drug for treating muscle disorders had shown positive results.
Steve’s advice was to watch the 32 level. It would either fall to perhaps 28 or rise to 34. He said it was
his #1 trade for the day.
I set my alert to 32 and waited. On the open the price dipped to 29.26 and then began a slow climb
to just under 32. Then at 31.56 it began to rise on increasing volume to over 32. It paused there for 2
minutes and then the volume began to increase. I entered at 9:57am @ 32.12. As the price and volume
increased I bought 6 minutes later @ 32.87. I bought again @ 33.71, 35.74, 37.17, 38.77 and 42.77. By
10:16 the 1 minute volume had risen to 428,000 shares.
Each time I bought I set my initial stop loss at .20 above my current average cost so I could ride the price
higher and not get taken out too soon. By the time it reached 43.12 at 10:16 I had raised my stops on
all the positions to 41. At 10:21 I was taken out of all my positions. In just 25 minutes I realized +15.74
cumulative points on the seven blocks: my best single trade in 10 years. The last trade lost 1.72.
The lessons from today are 1) be patient and wait for the trade to develop, 2) watch volume for
confirmation of price, 3) once the trade is in your favor set stops to prevent a loss, 4) understand gravity
will eventually catch up to a hyperbolic move so move your stops up to capture as much of the trade as
possible and 5) pay close attention to what Steve Spencer highlights in the morning meeting.
Days like today in SRPT do not come along that often. You must be prepared mentally and physically
to act quickly and with conviction. Professional sports figures make great plays only after years of daily
practice. Similarly, you can become a successful trader after years of daily practice and make your One
Good Trade.
Zack Porter @zenprofit
www.smbtraining.com/blog/
Reread the message I think you meant the casino there?
Nope.
http://northernlightscasino.com/
Yes I've seen the lights last October while in Canada hunting
ducks.The best ever was several years ago at the lake place during deer hunting in November.I would say I have seen them at
least a dozen times,maybe even more.Northern Minnesota is a great place to see them happen.
My lake place is near there.Deer hunting opens Nov 3.
Here's the weather now and this week
http://forecast.weather.gov/MapClick.php?lat=47.10134619999999&lon=-94.5872162&site=all&smap=1&searchresult=Walker%2C%20MN%2C%20USA
More likely the feeder river and streams from the Chicago
area
Yeppers Minneapolis/St Paul......
Lake place 4 hrs NW of here near Itasca state park,
start of the mighty Mississippi River
This is my FAVORITE time of year!!
Bow hunt in the metro area MPLS/ST Paul up to 5 deer.
1 buck only at the land up north.
Venison is next on the list.
Last week.........
12 ducks.........check
10 crappies......check
9 grouse.........check,best weekend ever for that w/no dog.
17lbs wildrice...check.
Cascade Investment
From Wikipedia, the free encyclopedia
Limited liability company
Industry
Investments
Founded
1994
Founder(s)
Bill Gates
Headquarters
Kirkland, Washington, U.S.
Key people
Bill Gates
Michael Larson
(Manager and CIO)
Cascade Investment, L.L.C. is an American investment company headquartered in Kirkland, Washington, United States. It is controlled by Bill Gates, and managed by Michael Larson.
More than half of Gates' fortune is held in assets outside his holding of Microsoft shares.[1]
Cascade is the successor company to Dominion Income Management, the former investment vehicle for Gates' holdings, which was managed by Andy Evans.[citation needed]
[edit] List of investments and companies
The company describes itself as a diversified investment company. Its investments include:
AutoNation
Berkshire Hathaway
Canadian National Railway10.04% [2]
Carpetright
John Deere
Dante O Giovanni Corporation
Coca Cola Femsa SAB de CV - 20% stake[3][4]
Cox Communications
Microsoft Corporation
FEMSA (Mexican brewer) - $364 million (Dec. 2007) - 1.2 percent of FEMSA capital through "B" shares.[5] Cascade might thus own 10.81 million of Femsa's New York-traded American Depositary Shares, about 3 percent of Femsa, the world's second largest Coke bottler and Mexico's second-largest brewer.[6]
Four Seasons Hotels and Resorts
ICOS
Newport News Shipbuilding
OANDA Corporation[7]
Otter Tail Power Company
Pan American Silver Corporation
Republic Services, Inc - U.S. waste management - 20% estimated[8]
Sapphire Energy[9]
Schnitzer Steel Industries
Scient
Televisa [10]
Waste Management, Inc
Wisconsin Central Transportation
Cascade Investment LLC – The Secret Holding Company of Bill Gates
http://www.joshuakennon.com/cascade-investment-llc-the-secret-holding-company-of-bill-gates/
Put simply, Cascade Investment LLC is the secretive private holding company of the software mogul. Nearly every day the stock exchange has been open for 20+ years, Bill Gates has sold off as much Microsoft stock as he can without lowering the price of the stock, paid the taxes, and transferred the proceeds to this holding company. Michael Larson, a well respected, successful value investor manages it on a full-time basis from the Kirkland, Washington headquarters.
In some ways, Cascade Investment LLC is a bit like a smaller version of Berkshire Hathaway, only with Bill Gates and his family as the sole shareholder.
In fact, Cascade Investment LLC owns hundreds of millions of dollars worth of Berkshire Hathaway shares! At the time I wrote this article, Bill Gates himself sat on the board of Berkshire Hathaway.
27-Sep-12 1,005,746 RSG Purchase at $27.33 per share.
(Cost of $27,487,038)
26-Sep-12 195,027 RSG Purchase at $27.37 per share.
(Cost of $5,337,888)
2-Aug-12 925,128 RSG Purchase at $28.59 per share.
(Cost of $26,449,409)
1-Aug-12 723,027 RSG Purchase at $28.88 per share.
(Cost of $20,881,019)
31-Jul-12 2,004,612 RSG Purchase at $28.78 per share.
(Cost of $57,692,733)
That is some coin.
ETF Wars: Schwab Just Went Nuclear
Posted by Joshua M Brown, September 21st, 2012 at 4:44 One last thought headed into the weekend...
What if you could invest in the stock market or the bond market for a cost of zero?
I linked to this Index Universe story about Schwab's new essentially free index ETFs from my WSJ post this morning. But I've been thinking about this all day. In dropping its internal expense ratio on the broad market ETF to .04%, Schwab has essentially "gone nuclear" in its war with Vanguard (which is basically running a not-for-profit business at this point). This is Schwab dropping the A-bomb in its quest for market share, a scorched earth maneuver that means an Extinction Level Event for anyone charging money for plain vanilla index exposure.
Whether or not State Street (SPDRs) or BlackRock (iShares) is going to want to play this game too, I have no idea.
But basically, we've just reached the Free Equity Exposure barrier quicker than I'd have guessed. What does this mean for the total $50 trillion wealth management and financial services industry? For the investor? For the institutional allocator or the financial advisor? How many business models are improved by this in our industry and how many are destroyed?
I'm fascinated by these questions and they've been on my mind all day. Apparently I'm not alone. Two of my friends have written great posts about this today, I want you to read both of them...
Tadas is calling cheap ETFs a Free Lunch for investors. (Abnormal Returns)
Ari Weinberg's Mom, 'Apple Pie and Index Funds' at Forbes calls it a race to zero that will be deadly for some. (Forbes)
What do you think about this development? Exciting? Terrifying? What are the consequences?
http://www.thereformedbroker.com/
ETF Wars: Schwab Just Went Nuclear
Posted by Joshua M Brown, September 21st, 2012 at 4:44 pm One last thought headed into the weekend...
What if you could invest in the stock market or the bond market for a cost of zero?
I linked to this Index Universe story about Schwab's new essentially free index ETFs from my WSJ post this morning. But I've been thinking about this all day. In dropping its internal expense ratio on the broad market ETF to .04%, Schwab has essentially "gone nuclear" in its war with Vanguard (which is basically running a not-for-profit business at this point). This is Schwab dropping the A-bomb in its quest for market share, a scorched earth maneuver that means an Extinction Level Event for anyone charging money for plain vanilla index exposure.
Whether or not State Street (SPDRs) or BlackRock (iShares) is going to want to play this game too, I have no idea.
But basically, we've just reached the Free Equity Exposure barrier quicker than I'd have guessed. What does this mean for the total $50 trillion wealth management and financial services industry? For the investor? For the institutional allocator or the financial advisor? How many business models are improved by this in our industry and how many are destroyed?
I'm fascinated by these questions and they've been on my mind all day. Apparently I'm not alone. Two of my friends have written great posts about this today, I want you to read both of them...
Tadas is calling cheap ETFs a Free Lunch for investors. (Abnormal Returns)
Ari Weinberg's Mom, 'Apple Pie and Index Funds' at Forbes calls it a race to zero that will be deadly for some. (Forbes)
What do you think about this development? Exciting? Terrifying? What are the consequences?
http://www.thereformedbroker.com/
The news this week sure helped SBUX and hurt GMCR
Starbucks turns up heat on coffee brewer market
http://seattletimes.com/html/localnews/2019211132_apusstarbucksbrewer5thldwritethru.html
Thanks for this post Denny!
Past 3 days has seen some volume and price increase today,as the resistance of $2 is broken.
All the Wizard books(4)are good reads
Thanks LB.I am in the lurk and learn mode,have full time job.
This weekend in northern Minnesota trying my hand at wild rice
harvesting.Darn 5 am comes early and 45 degrees.We will try to
get the rest of 300 lbs of green rice to make 1 batch.My 1st
time doing it,not the easiest thing in the world to do.I am
enjoying it and this great board and the peeps here.Time to load canoe................
Facebook Announces Massive $2 Billion Share Buyback At Less Than Half Of The IPO Price*
Read more: http://www.businessinsider.com/facebook-share-buyback-2012-9#ixzz25Xk1wunP
Facebook Announces Massive $2 Billion Share Buyback At Less Than Half Of The IPO Price*
Read more: http://www.businessinsider.com/facebook-share-buyback-2012-9#ixzz25Xk1wunP
Thank you,very helpful site!
Maybe tuesday with the market open that day
Maybe tuesday with the market open that day
Peru gold, copper mining opposition intensifies
Minas Conga conflict a high-stakes test for foreign investments
http://www.marketwatch.com/story/peru-gold-copper-mining-opposition-intensifies-2012-07-25
Peru gold, copper mining opposition intensifies
Minas Conga conflict a high-stakes test for foreign investments
http://www.marketwatch.com/story/peru-gold-copper-mining-opposition-intensifies-2012-07-25
Thanks,I just copy and pasted the link.
Did you take that postion on USO?
6:38 PM Targa Resources (TRGP): Declares $0.39375/share quarterly dividend, 8.0% increase from prior dividend of $0.3645. Dividend yield 3.7%. For shareholders of record July 23; payable Aug 15; ex-div date July 19
http://seekingalpha.com/currents/all
OT>The hummingbird doing rolls chasing a bug is neat!!! The butterflies are spectacular.
This is beautiful.......be sure and watch closely (around 2 min 40 sec) and check out the baby bat under its mama. Unreal.
If you never knew what goes on in the garden when you aren't paying
Attention. Watch this - some of the finest photography you will ever see.
http://www.youtube-nocookie.com/embed/xHkq1edcbk4?rel=0
at least he is OK............
I work for USPS and a lady a coworker knows got one,thats all I know.
Thanks for that post!
Real close now.
NOT.............
Looks.like the I fund(EFA)shall bounce off yesterdays Fib of 38.2%.......