The community is delayed by three days for non registered users.

SM - weakening slightly into the close.

Posted by RichieD on 12th of Apr 2016 at 03:39 pm

Way outside the upper Bollinger Band.  Chose to close out the trade at $25.35.  Needless to say, I'm pleased with +33.63%.

SM - nice to have a big winner for a change

Posted by RichieD on 12th of Apr 2016 at 02:06 pm

Up 18.65% today and 29% since I bought it 4 trading days ago. 

Using a $0.40 trailing stop but this stock just keeps going higher.  Anyone have a better idea for maximizing profit on this trade?

About a week ago I bought JMEI at $6.29(liked the long flagging pattern).  Put in a stop of $6.19 so as to risk no more than $0.10/share. 

Raised the stop twice last week, first to $6.30, then with the stock at $6.49 just before Friday's close, I moved it to $6.38 to "guaranty" a small profit in a worst case scenario.  Smile

JMEI opens today at $6.25, I get filled for a small loss at $6.22, stock dips to touch 50 day moving average at $6.18, then rockets ahead and is now at $6.53 and climbing.

Part of trading, I suppose.  Frustrating nonetheless.  Just needed to vent.  Don't think I did much wrong.   

Smart call two hours ago

Inverse Gold opinions

Posted by RichieD on 16th of Mar 2016 at 02:30 pm

sell for a premium over spot of anywhere from 21-24% (depending upon source and quantity) while American Gold Eagles sell for around 4.9% over spot?  Have checked a number of sources; seems to be an industry wide policy.

Seems that purchasing American Silver Eagles is a mug's game.

Get some rest and get well, Matt

Posted by RichieD on 23rd of Feb 2016 at 06:17 am

Hard to believe they didn't take a culture the 1st time around.

I thought these coins sold for their silver value (a way to invest in physical silver), not because of rarity or for any numismatic value, but I'm starting to think otherwise.

Questions about purchasing physical gold and silver

Posted by RichieD on 25th of Jan 2016 at 09:35 am

I'm considering purchasing silver and gold coins.  A close friend has recommended two sources:  JM Bullion and/or GoldMart.  Any others I should consider?

More importantly, I'm confused.  Been looking at the American Eagle silver dollar at JM Bullion and find price varies significantly by year.  If these coins are being sold for their silver content and not numismatic value, why is there such a disparity in price between coins minted in different years?  Is price based on age and/or quantity minted; if so, that would make price of these coins based upon numismatic value to some extent, rather than precious metal value.  Makes me hesitate. 

I can't believe making a bet on physical silver (or gold) becomes more than just that (a bet on the value of the metal). 
What am I missing?  Any advice on how best to proceed is welcomed.

Can anyone share how to bet long on the US dollar?

Posted by RichieD on 21st of Jan 2016 at 10:33 am

A good friend is asking; I'm not knowledgeable.  Are there ETF's or other financial instruments other than US Treasuries?  Thanks.

Can anyone confirm?

http://www.zerohedge.com/news/2015-12-09/almost-70-us-stocks-are-below-their-200-day-moving-average

Glad to be back at Breakpointtrades

Posted by RichieD on 20th of Nov 2015 at 02:13 pm

Been away for a number of months due to personal matters, back trading and pleased to be a part of the BPT community once again.

GMO flagging on light volume....

Posted by RichieD on 29th of Apr 2015 at 11:36 am

Settled just above 8 EMA.  Thoughts?

GERN

Posted by RichieD on 5th of Mar 2015 at 01:43 pm

I know stocks often move in strange ways but...........can someone explain the movement in GERN these past two days?  Dropped way down yesterday to tag its 200 sma ($2.70) on above average volume, then rebounded some by the close.  Today it rockets to $3.40 (+$0.60) on no apparent news and even stronger volume.

In at $2.23 about 5 months ago, sold half at $3.80, sticking with the rest for a monster move (if it happens).  Not complaining, just fascinated by the ebb and flow sometimes.

 

would it make sense to expect some weakness the first half of January?  Sort of the flip side of year end selling of losing positions to offset gains.  Only now it would be selling of big winning positions from 2014 that were held beyond year-end to avoid paying taxes until end of 2015?

It's called manipulation of the worst kind

Silver Miners...

Posted by RichieD on 16th of Dec 2014 at 01:36 pm

Check out the discrepancies (especially in demand) between the physical markets (gold and silver coins selling out) vs the (faux) paper market.  Disgusts me to no end!!!

Those who have held mining stocks forever continue to do so; those who had cold feet are basically all out.  Can't believe there are many individuals waiting to hit the sell button on mining stocks at this point, though I have nothing but my gut to substantiate that statement.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!