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.
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.
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.
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.
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.
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?
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.
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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%.
Matt and Steve: Appreciate the advice from you both
SM - nice to have a big winner for a change
Posted by RichieD on 12th of Apr 2016 at 02:54 pm
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?
Interesting thought...and helpful. Thanks.
Sometimes you make all the right moves and can still lose $$$
Posted by RichieD on 4th of Apr 2016 at 01:51 pm
Sometimes you make all the right moves and can still lose $$$
Posted by RichieD on 4th of Apr 2016 at 11:04 am
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.
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
Can anyone shed some light as to why 2016 American Silver Eagle coins...
Posted by RichieD on 3rd of Mar 2016 at 10:09 am
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.
Matt, I'm still baffled as to why American Eagle Silver Dollars vary significantly in price by date
Questions about purchasing physical gold and silver
Posted by RichieD on 25th of Jan 2016 at 11:46 am
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.
Appreciate the explanation, Matt.
Also this was another chart
Posted by RichieD on 9th of Dec 2015 at 05:00 pm
Thanks, Steve. I must've passed by it.
NYA Percentage of Stocks Above 200 Day MA
Posted by RichieD on 9th of Dec 2015 at 04:58 pm
According to Zerohedge, nearly 70% of stocks are below their 200 day moving average
Posted by RichieD on 9th of Dec 2015 at 03:53 pm
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.
Nestle's offers the first corporate bond with a negative return...
Posted by RichieD on 5th of Feb 2015 at 06:51 am
Don't know if anyone posted this yesterday. The financial world has gone nuts:
http://www.zerohedge.com/news/2015-02-04/chocolate-new-gold-corporate-bonds-have-first-ever-negative-yield-thanks-nestle
After a huge up year and now that we've crossed the threshold into 2015...
Posted by RichieD on 2nd of Jan 2015 at 06:53 am
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.