Chief? I'm not a native american and I am not in the navy. But hey I will take it. So you are saying I have two investment choices? A rock that sits in the vault and does nothing or a junk bond from an insolvent bank that is guaranteed by an insolvent government.If that were so I think I would be looking for some farmland.
"I have no idea where the price of gold is going, but for me it doesn’t matter. But if George Soros is selling while your grandmother is buying, you have to wonder who’s more likely to get hurt. The point here is that it (literally) pays to consider that the time to bet on gold was 2007. At this point if you are counting on the gold under your bed to fund your retirement, things could get very ugly."
I know, I know I am on an island to myself on this sight, but there is a few others like me. I guess us gold haters are just idiots.
Since there is not much price history on IPOs most technical tools( MA, RSI, MACD, pivot points) will be worthless. I find that using Fibro levels are the best choice for formulating entries and exits in a swing trade time period.
Lock up period ending is key to see if new IPOs will hold up after insiders can sell. You can short before then, but it is often hard to find shares to short. If it is a popular stock like dang often times you will see sell of two weeks before and the volitility on the day it is unlocked. Poitive price action after unlock period could signal the beginning of a momo stock.
Kaimu,
Good to hear the methodology behind the 1200%. Slightly above inflation :). I guess there would be some mathematical equation you could come up with that has US govt debt/fund flows vs the price of gold to help us non intuitive traders find good value points to buy gold on these dips. Will give you until next week :).
And that proves what? He moved furniture for the Nazi's! Tobyt you live in a freakish world where you can JUDGE a 14 year olds actions in the midsts of the largest extermination in history. Yet,I apologize for calling you a moron earlier. I should of realized 'the space' you were coming from.
Kaimu,
Let's forget George right now and talk about Gold. Is it a buy, sell or hold at this particular time. Haven't you lightened your position at these levels?
"For whoever posted that I said Soros was a Nazi SS General or whatever I never said that!"
I know you didn't that was in response to other posters that you evidently have on your ignore list. Anyway to clearly state my point. I was not saying you should short people you don't like, but to actually follow the manipulators and profit from their manipulations. I'm saying bet on the casino not the gambler. If George is a manipulator and has inside info wouldn't it be financially prudent to follow him. And not bet against him.
Dosen't your lack of respect for George's trading ability give my main thesis rock solid support. Time to short Gold now. You see George is not a trader but an insider that manipulates markets with his insider buddies. They manipulate gold from 1000 to 1500 then divest. I guess you could say i substitute the old trading maxim of "don't fight the Fed." To "don't fight George the Nazi collaborator."
George Soros was 14 years old in 1944 and Jewish! He was not a general in the SS. What were you guys doing when you were 14? I know, while you were collaborating with a girlie magazine, George's whole country was destroyed and occupied by Nazis who wanted to kill him. I guess he should of just turned himself in.
How come George Soros gets no love on this site. Is 30 years of 30% per annum gains not good enough for you guys? So the best trader ever sells out at the top on gold. Why is gold not a short right now? Lower highs. Lower lows.. A short of GLD with a 148.26 stop looks like a great risk reward set up right now. In George I trust. My passion for George, Reminds me of this video from the pride of Canada. http://www.youtube.com/watch?v=SOI4OF7iIr4
Luggie,
Although a steel play from Brazil sounds like it has good long term prospects. I am more of a momentum trader than a reversal trader. I would be more likely to short that stock. I would wait for some kind of strength like a buy signal with a move above 30 RSI. BSI 87 had good success with those plays, but I think he would wait for a total capitulation down below RSI 10. http://finviz.com/chart.ashx?t=GGB&ty=c&ta=1&p=d&s=l
Here are some companies that might pop with positive market.PANL UTEK IPGP APKT VIV ATML ALTR WYNN MCHP . I know they are not miners, but guess what?
All that glitters is not gold;
Often have you heard that told:
Many a man his life hath sold
But my outside to behold:
Gilded tombs do worms enfold.
Had you been as wise as bold,
Young in limbs, in judgement old
Your answer had not been inscroll'd
Fare you well, your suit is cold.
A little Bill Shakespeare to makeup for my Justin indiscretion.
Maybe he is upset about CSCO's guidance for the next quarter and is laying low in an off beat place like maybe Bullhead City. Here is a video in honor of his absence. Don't hate on me. 40,000,000,000 hits cannot be wrong. http://www.youtube.com/watch?v=i1zuN17t51A
What role does volume have in shaping your setup. Meaning do volume spikes influence a 1:2 hold or a 1:4 hold. The 15:09 volume bar that is double normal volume yet does not move the stock caught my eye. Distribution?
Nice catch of the day VAD. 7:1 Wow! Have questions though. i don't see the set up. It seems you entered the trade before the breakout in usd (if three cents could be considered a breakout). USD was in a JBI and did not break the few cents until you were in the trade. SLW itself was consolidating in the .83- .93 area in a possible DBI that was closer to invalidation than breaking resistance. Taking the stock at .90 instead of when it broke .80 or maybe more correctly .83 ish is what bumfuzzles me. There must of been more intuition then tape reading?
Bob
p.S.
Caraistas' if you have no idea what I am talking about you need to read VAD's Tape reading book. It simplifies so called chart reading to very simple concepts that work on all time frames. No matter your trading style, you will make better entries and exits with this knowledge.
A contrary opinion to radiation fears.
http://www.youtube.com/watch?v=JN7rOZLbGP4
http://www.youtube.com/watch?v=Rci3ElYLs4U&feature...
Luggie,
Great article. Seems the stuff you flush may even have more usefulness than gold.
Chief? I'm not a native american and I am not in the navy. But hey I will take it. So you are saying I have two investment choices? A rock that sits in the vault and does nothing or a junk bond from an insolvent bank that is guaranteed by an insolvent government.If that were so I think I would be looking for some farmland.
"I have no idea where the price of gold is going, but for me it doesn’t matter. But if George Soros is selling while your grandmother is buying, you have to wonder who’s more likely to get hurt. The point here is that it (literally) pays to consider that the time to bet on gold was 2007. At this point if you are counting on the gold under your bed to fund your retirement, things could get very ugly."
I know, I know I am on an island to myself on this sight, but there is a few others like me. I guess us gold haters are just idiots.
http://bucks.blogs.nytimes.com/2011/05/23/gold-is-...
Since there is not much price history on IPOs most technical tools( MA, RSI, MACD, pivot points) will be worthless. I find that using Fibro levels are the best choice for formulating entries and exits in a swing trade time period.
Lock up period ending is key to see if new IPOs will hold up after insiders can sell. You can short before then, but it is often hard to find shares to short. If it is a popular stock like dang often times you will see sell of two weeks before and the volitility on the day it is unlocked. Poitive price action after unlock period could signal the beginning of a momo stock.
Kaimu,
Good to hear the methodology behind the 1200%. Slightly above inflation :). I guess there would be some mathematical equation you could come up with that has US govt debt/fund flows vs the price of gold to help us non intuitive traders find good value points to buy gold on these dips. Will give you until next week :).
And that proves what? He moved furniture for the Nazi's! Tobyt you live in a freakish world where you can JUDGE a 14 year olds actions in the midsts of the largest extermination in history. Yet,I apologize for calling you a moron earlier. I should of realized 'the space' you were coming from.
Les is their any fear of a debt crisis in Switzerland with the pigs going belly up.
Kaimu,
Let's forget George right now and talk about Gold. Is it a buy, sell or hold at this particular time. Haven't you lightened your position at these levels?
Kaimu,
"For whoever posted that I said Soros was a Nazi SS General or whatever I never said that!"
I know you didn't that was in response to other posters that you evidently have on your ignore list. Anyway to clearly state my point. I was not saying you should short people you don't like, but to actually follow the manipulators and profit from their manipulations. I'm saying bet on the casino not the gambler. If George is a manipulator and has inside info wouldn't it be financially prudent to follow him. And not bet against him.
Kaimu,
Dosen't your lack of respect for George's trading ability give my main thesis rock solid support. Time to short Gold now. You see George is not a trader but an insider that manipulates markets with his insider buddies. They manipulate gold from 1000 to 1500 then divest. I guess you could say i substitute the old trading maxim of "don't fight the Fed." To "don't fight George the Nazi collaborator."
George Soros was 14 years old in 1944 and Jewish! He was not a general in the SS. What were you guys doing when you were 14? I know, while you were collaborating with a girlie magazine, George's whole country was destroyed and occupied by Nazis who wanted to kill him. I guess he should of just turned himself in.
Now here is what Justin was doing when he was 14.
http://www.youtube.com/watch?v=nuWsWgTpIxo&feature...
How come George Soros gets no love on this site. Is 30 years of 30% per annum gains not good enough for you guys? So the best trader ever sells out at the top on gold. Why is gold not a short right now? Lower highs. Lower lows.. A short of GLD with a 148.26 stop looks like a great risk reward set up right now. In George I trust. My passion for George, Reminds me of this video from the pride of Canada.
http://www.youtube.com/watch?v=SOI4OF7iIr4
Luggie,
Although a steel play from Brazil sounds like it has good long term prospects. I am more of a momentum trader than a reversal trader. I would be more likely to short that stock. I would wait for some kind of strength like a buy signal with a move above 30 RSI. BSI 87 had good success with those plays, but I think he would wait for a total capitulation down below RSI 10.
http://finviz.com/chart.ashx?t=GGB&ty=c&ta=1&p=d&s=l
Here are some companies that might pop with positive market.PANL UTEK IPGP APKT VIV ATML ALTR WYNN MCHP . I know they are not miners, but guess what?
All that glitters is not gold;
Often have you heard that told:
Many a man his life hath sold
But my outside to behold:
Gilded tombs do worms enfold.
Had you been as wise as bold,
Young in limbs, in judgement old
Your answer had not been inscroll'd
Fare you well, your suit is cold.
A little Bill Shakespeare to makeup for my Justin indiscretion.
Maybe he is upset about CSCO's guidance for the next quarter and is laying low in an off beat place like maybe Bullhead City. Here is a video in honor of his absence. Don't hate on me. 40,000,000,000 hits cannot be wrong.
http://www.youtube.com/watch?v=i1zuN17t51A
PB! Full-on DUDE. I wouldn't bail either. Dude take in some curls and then slide down to Lahina's for some pops. That is just sick. Killer dude.
Vad,
What role does volume have in shaping your setup. Meaning do volume spikes influence a 1:2 hold or a 1:4 hold. The 15:09 volume bar that is double normal volume yet does not move the stock caught my eye. Distribution?
Nice catch of the day VAD. 7:1 Wow! Have questions though. i don't see the set up. It seems you entered the trade before the breakout in usd (if three cents could be considered a breakout). USD was in a JBI and did not break the few cents until you were in the trade. SLW itself was consolidating in the .83- .93 area in a possible DBI that was closer to invalidation than breaking resistance. Taking the stock at .90 instead of when it broke .80 or maybe more correctly .83 ish is what bumfuzzles me. There must of been more intuition then tape reading?
Bob
p.S.
Caraistas' if you have no idea what I am talking about you need to read VAD's Tape reading book. It simplifies so called chart reading to very simple concepts that work on all time frames. No matter your trading style, you will make better entries and exits with this knowledge.