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TVIX doing well in AH and is now trading at nearly 3 month highs...
So do I bud, cheers!
Warning: Bond rates are going negative
http://money.cnn.com/2015/01/15/investing/interest-rates-negative-switzerland-ecb/index.html
Yeah it's likely going to collapse hard in the fall but I'm still expecting a slow bleed downwards throughout the year until the "big crash"( bear market)
I think we have seen the US markets reach a top. No more trending upwards to new all time highs in 2015...IMO
$INDU has lots of room to come down according to the weekly chart...
JDST- You still holding? I probably should have sold during the powerhour spike up but decided to gamble hold overnight. Hopefully we don't see another surge in gold price and big gap down tomorrow morning...
TVIX- closed at the HOD!! I'm surprised if you're so bullish on metals why do you think markets are heading higher?
With the oil price collapse and gold soaring how can you be optimistic about the overall markets at these ridiculously overvalued bloated levels??
Are you ever going to play TVIX again or have you turned your back completely on it???
TVIX weekly chart looks AMAZING!;)
Thanks for the update SK. Nice entry on UGAZ on the dip. Not a very good day for UWTI. I bought back in @ 3,22 and 2,99 today.
Still holding JDST(avg 8.10) and UWTI(avg 3.10)
Let's hope tomorrow is a more promising day for these two.
Have a good evening:)
lol yeah it's tempting not wanting to just go all-in at these levels but I hope we are just seeing oil coming back down to test recent lows for double bottom and that we are not seeing oil prices headed for more new lows.
If that's the case it's back on the sidelines I go, but I really think we are looking at bottom levels now.
IMO
UWTI- On my last two entries I had an avg entry price @ 3.00 and sold today @ 3.55 & 3.25 = avg exit price @ 3.40 +13% gains
Re-entry today @ 3.22 & 2.99 - avg entry @ 3.10 and still holding for a loss at the moment..
Oil should be close to bottoming and agree it's a no brainer play down here.
I guess we'll see soon enough if we have any brains or not.lol;)
I'm not too nervous with short term call on metals dipping. I agree with longer term outlook for gold and silver to continue rising in 2015 and beyond but it's not going to shoot up overnight to your price predictions without some dips along the way.IMO
I could be wrong about my short term predictions on metals but this is the reason why I day trade/swing trade ETF's like JNUG and JDST to play the swings in either direction. Markets are a complete chopfest these days and I'm going to continue buying the dips and selling the rips while volatility lasts.
I hope it's the right call, we shall see;)
UWTI- Adding under $3.00 here
MNGA- Now below the 50dma -20%
I did say this one was very risky and profits should have been taken yesterday.
LINK BACK
MNGA -20% I did say "DON'T BE GREEDY" yesterday...
After 120% spike up in 3 days what do folks expect?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109910619
Yeah they sure are but please give me a dip to 1250;)
Why are you cost avg down so close to your first entry?
I got no plans on buying or adding at the moment until things settle down a little
Bought JDST @ 8.30 & 7.90(full position) and re-entry in UWTI @ 3.22(half position)
UGAZ probably a good dip buy today. BOL:)
lol don't be so hard on yourself. Some days we are up and some days we are down, but it's all about maximizing are gains and minimizing our losses that really matters. You manage this and you will only gain in the end...
Tomorrow will be a better day for JDST & UWTI
imo
Are you sure they just paid one? I've never seen a company pay out a dividend of .18 when the PPS is trading in the .30's
58% yield is INSANE!!
Yeah please don't remind me about JNUG gaining like 150% in 3 weeks, still banging my head here and it's really starting to hurt.lol
I agree if you can manage to time these 3x leverage ETF's it can be very rewarding and a lot less time consuming compared to constantly scanning stocks and micro managing them. It all depends on what type of trader/investor you are and ETF trading does not fit everyone's strategies.
So far I am doing much better with trading ETF's than with stocks. As long as this continues then my strategy stays the same;)
Yes with high short interest it can have a nice short squeeze on positive news or rising oil prices but I wouldn't hold it long term(overnight)
It may be good for a day trade or momentum trade but that's it.
Remember there is a reason why stocks have high short positions and only a small percentage of highly shorted stocks ever see a real short squeeze...
All JMHO
MILL- It's always nice to see insiders buying, however I do not recommend buying any oil companies right now that are in the red and MILL financials are terrible...
many of these small cap oil/gas companies with weak fundamentals will not all survive in the end. Why it is important and wise to find the beaten down oil stocks with the strongest fundamentals that could weather the storm. Trust me I've seen this happen to many solar companies a few years back and the ones that had poor fundamentals did not survive.
This is important when buying and holding long term, but if you're only day trading them then fundamentals don't really matter...IMO
Weak fundamentals = extreme caution
Revenue 88.31m
net Income -211.97m
Shares outstanding 46.63m
Free float 33.50m
Market cap 46.63m
EPS -4.5879
Yeah that would be like an 85% yield at current levels.
That's some pretty good protection.lol;)
LMAO if they still paid a dividend of .96 I would not be playing anything else. I would be ALL-IN and then some;)
Dividend was cancelled from what I know.
TVIX- Looks like buying the morning dip was the right move...
Too bad I missed out on it:(
I was looking for re-entry between 3.05-3.15 range(20dma) but it never got that low. Well at least for now it didn't;)
NADL- This is still one of my top favourite OIL stocks to play when oil prices begin to rise again..
Definitely worth following.IMO
UNDERVALUED???
P/E Ratio = 1.25
EPS Estimate(2014) 1.04
Market Cap 321.00M
Enterprise Value (Dec 9, 2014) 3.24B
Profit Margin 17.44%
Operating Margin 33.57%
Revenue 1.12B
Net Income 195.30M
Total Cash 100.00M
Total Cash Per Share 0.42
Book Value Per Share 3.87
Operating Cash Flow 238.70M
OVERSOLD???
NADL +9% Holding up well today considering OIL is back down in the RED now...
1290 level the next resistance. Lots of room to continuing climbing then.
Thanks!
LOL When do these Ass#%&@* not play dirty? EXPECT IT!! imo
Good luck to us;)
Explosive day for GOLD! What are the next key areas of resistance and supports?
LOL yeah it sure does;)
WOW gold up $35 today @ $1264
Now I'm really regretting now jumping in JNUG yesterday @ 31.70
D'oh
JDST- I added @ 7.90 from my too early 8.30 entry this morning
Now I have 1200 shares and I'm not adding anymore. Avg PPS @ $8.10
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