Replies to post #7136 on General Stock Ideas

[bigworld]

scstocks: I just spent the last 45 minutes buying as much GDXJ as I could come up with the cash for. Among my various accounts I think I picked up about 7800 more shares, all in the $17.75 range. Don't trade it minute by minute. Use weakness to accumulate it. An ETF trading alert from Forbes cited a big increase in trading volume in GDXJ lately. Smart money is accumulating. Some day I'll post some info about keeping track of commercial traders, the professionals that hedge positions in the Dollar/Euro, precious metals, commodities, etc. These are the traders that signal the shift in market sentiment, often taking the reverse position of the popular wisdom.

I agree about Banff/Lake Louise. I have seen only a few places I consider just as beautiful. When we lived in Portland, Oregon we took many a camping trip to the area and did a lot of hiking out in the Canadian Rockies. Spectacular.

[Market_Fest4]

I've been watching SLV get taken to the woodshed. It has a floor probably around 22, which is close. With option expiration on Friday, I took a shot and bought ten 27.5/28 call spreads for 2 cents ($27 with commish, to control 1,000 shares of SLV). Max profit $473.

So, when I saw the spread was worth $12 today, I sold 3 of them to cover my costs. Have 7 left. free trade. If SLV bounces tomorrow (probably just needs to hold a $1 gain today), I should pull a $340 profit out of this trade. 1200% gain, if it happens.

May not happen, but those are the rare option trades that are sweet as can be!
MF4