Talking heads yapping for months.
And world moved on 1/1/2000.
Brexit is like that for the work-challenged talking heads.
Thank goodness it will be forgotten before weekend is over.
But then these pests will come up with something else to feel important about.
Nothing wrong with Gold. It's a fine metal.
This is the scenario gonna play out in next 18 months.
1. Hillary will win. Trump will win. (Hillary presidency. Trump leaving republican party in shambles and improving his brand name as he returns to business)
2. Oil price will remain in check. Fracking.
3. Technology and Bio Tech will continue bringing new products and drugs. Keep economies moving.
4. Inflation will make Feds start raising interest rates.
5. SPX will get to 2500
6. Money into SPX will come from Gold. Gold below 1000.
Brexit, and all such "slow news days" events will be blips that will have no consequence.
Dorsey needs to be kicked out first - then buyers will review.
TWTR's got a bunch of arrogant and useless folks at *ALL" levels of management.
That's the liability nobody wants to deal with.
allegations are comical. but the stock has tripled in the last 4 months - so a bit of profit taking will set it up for the next run up. I would not panic sell on this fake FUD.
oh sorry - i apologize.
Irrespective - you do really good TA and charting - and thanks for sharing.
(we'd want to keep that going on ! )
I lost money on DUST. I'm out of DUST and only trade for a scalp. Recently few times bought and sold 5000 shares at $1.30 to $1.4x. I'll look at daily technicals and GDX 25.7 and 26.2 are fresh opportunities for short term (day) trades.
DUST represents a terrific opportunity - but I'm not doing serious buying until I see a clear downtrend in gold, GDX etc. Even if that means I re-enter at $3. Chasing the bottom has been futile for me - but could represent a great opportunity for someone who has not lost lots of money on DUST (i.e., the person has tolerance to lose some money on DUST). GRM's trade looked intriguing because he wanted to pay 0.9 cents on a $1 call instead of buying the stock outright for $1.5 (at that time). But looks like you did something similar with NUGT - and paid off big. But you would have made close to similar money even if had bought NUGT outright - instead of options. Right ?
I'm trading options DAL, AAPL, MSFT, and even nibbled some of VRX.
For example DAL Jan 50 Call - buy at $1.7 and sell at $2 - resulted in 4 round trips so far.
I recall you wanted to pay 0.90 for Jan 2018 $1 DUST calls. I'd wait and enter order after DUST completes reverse split this week. By that time Gold could touch mega resistance at $1307 and GDX at $25.70. You could get DUST $10 calls for $7.
Gold, GDX, DUST will not reverse as long as retail are still buying and averaging down. Market wants to take beerbuddy's last penny. And beerbuddy represents "the retail trader with an e*trade account and money to spend".
European trading looks at the close price on opex to determine assignment or expiry. American trading can assign calls or puts anytime prior to opex if the option is "in the money". Yes on Friday VRX did cross $26 (high was $26.6) even though it closed under $26 ($25.90). These types of assignments do not happen often but I have seen them once in a while.
A $26 call getting assigned even when stock closed $25.90 is "bullish" for the stock. Somebody wanted to buy VRX at $26 ahead of time even when it closed under $26.
Last week the markets noticed Kramer and the likes releasing bad news, old news, FUD on VRX. Market knows VRX has troubles - but when Karmer-patrol piles on - it is also seen as overdone. That's why those guys never make money from the stock market - only from the advertising revenue generated from their show and some paid pumps and dumps.
can go either way. buy under $24 and sell over $26 for monday. keep a stop loss for buys. great to trade this each week. Ackman and Papa will make positive moves in next few weeks. many recent shorts will be killed.