I was thinking they owned a bunch of MMR before the buyout by FCX. Those shares converted to cash and some shares of gultu if I remember right.
Don't have a clue. Big price increase on huge volume on a big down day in the general market makes it look like something good is happening though.
I noticed GULTU is up about 5% today. Any chance part of this bounce is related to some good news from the ultra deep?
You may be right but I think it more likely that the market has been absorbing all the money the fed has been printing the past many months and that as it is pulled out of the market inflation will begin to kick in and gold will climb and help FCX.
From what I've seen he posts a lot of information and I haven't seen anything that wasn't true. You can either use it or not but why complain?
I just stepped into the shallow end with one of the non glads yesterday. ARR. I looked at the history and came up with the same buy and sell dates you recommended. Now I plan to look at one of the Glads. Have you ever made a ROI comparison between the Glads vs. nonglads?
3) Hold for .10/trade on stocks under 12.00 when IV(VIX) is above 16... Use .05/trade when VIX is less than 16 on stocks under 12.00.
4) Exit the trade with your profit/loss on the close of the following trading day from entry.
Other Rules: Double down at close of trading if a SPO occurs prior to EX-6
Do not enter positions when the entry PPS is 4% or higher than the last (EX-1)
Never enter a position from EX-7 to EX or when the PPS is 5% or more
above the previous EX-1 close
At EX-7 through EX, if the close is less than (.975 x your
average position during the cycle) , enter a stop loss at that time
Notes: Allow for 3 entries per cycle for CLM, CFP and MAIN. Allow for 2 entries per
cycle for ARR, FSC and PSEC
AGNC...buy 11-15 trading days post EX or 30-33 trading days post EX and sell
I finished my review and have summarized my understanding below. I read all your posts this year but there were times where I would liked to have seen the post to which you were responding in order to better understand the context but was unable to find it. Does this look right to you? Also, I'm confused about when to exit. The last sentence of Glad rule #2, along with all of #4, lead me to believe the objective is to buy and hold for only a day then exit, but the exit day was shown as EX-1 on much of the correspondence.
ARR......EX+2........................EX-1 at open Glad rules do not apply to these two
FSC.......EX+9........................EX-1 at open
PSEC.....EX-10 to EX-6.........EX-1 at open Glad rules listed below apply to these four. CLM.....EX+4.........................EX-1 at open
CFP.......EX+4.........................EX-1 at open
MAIN...EX+4.........................EX-1 at open
1. Look for a higher high and a higher low from the previous day and enter the trade on the close of the day following these met criteria with the following caveats:
A) The days high, low and the approaching close must be within 2% of the previous day's high, low and close. Just the high and the low have to be higher than the previous day, but all three(high, low, and close) must be within the 2% window.
B) The difference between the high and the approaching close of the day, divided by the difference between the high and the low of the day must be greater than 20%.
2) Never trade on the EX date. Use the day after EX as the indicator day for the next day. IOW, your first day of trading, post EX, will never be earlier than EX + 2. The corollary, never trade on the DBEX(day before EX). So your last trade of the month(prior to EX) will never be after EX -2.
Hi doc. Until about 3 weeks ago I hadn't heard of a reit but stumbled onto AGNC and bought some long because of the nice dividend. I've been going back through your old posts beginning January 1st in an effort to understand how the GLAD/3% works. Once I'm done, if Im able to understand how it works, I plan to step in slowly beginning with AGNC. Thanks for letting the clueless like myself tag along.
Why does this stock seem to only know one direction lately? If the Forbes report is true I'd sure not expect to see it going down every day like it has been.
It says the last message posted under the subject "MMR" was made 18 hours ago but I can't find any posts from yesterday. Am I doing something wrong or am I seeing what everyone else is? Thanks.
On the day of the announcement I believe the volume was about 86 M shares the last time I looked. A lot a people taking the opportunity to get out of a stock that was much lower the previous day explains the selling. The thing I can't figure is why did the stock suddenly look so good to so many buyers or maybe not so many buyers but big buyers? Can anyone tell me where to look to find out if fcx bought a bunch that day? Thanks.
Anyone got an idea how long it typically takes with litigation like this to reach a conclusion? Would it be something that might complete anytime soon? I think the potential for the deal to unravel is holding the SP down some.
Care to guess how long it would take to complete DJ2 once they are finished with DJ1? Just wondering if that could possibly happen prior to the vote. Thanks.