rofl. luckily for dez, he is a great seer of the future whereas i only see the rearview. his buying of BTU at $11 was a strategic purchase to lose 85% before the great rally begins......
too bad i only see the rearview. otherwise, i would still be holding my $4.58 BTU for a 2.70 loss instead of selling for a 10 cent loss. my bad!!!
im bailing on my uslv today. there may be some minor bounces coming for pm's, but the charts look like a big down move is coming. im not interested in avg down on a position that looks like a loser.
i'll look at going long silver when its near 12 and gold near 850-900. until then, not interested.
In the trailer park, we put bars across the windows to keep the racoons out. Sorry you weren't smart enough to open it. Even my 5 year old daughter figured it out.
big swings today with quarter end window dressing. vix barely moving as stocks rally. i was hoping to get uvxy i sold yesterday back at $37-38. no such luck so far.
in a few hours, the greek debt covenants will kick in. who and how much will they suddenly owe? and, since they wont be able to pay, who will start the dominoes of cds being triggered?
thanks larry. this post is now bookmarked. just like the others. i dont spin anything.....i have your actual posts with your purchase prices. you do the spinning because you dont even know what you paid.
this bookmark should be good for a ton of laughs in a few weeks/months.
not looking good for gold and silver longs. at current prices, these would be the lowest monthly closes since 2010. which means a lot more downside for the PM's. if this is the case, i'll sell my USLV for a rather modest loss instead of holding and buying every bounce (like i moron repeatedly does), trying to catch some bottom that may not occur for 6-12 months, at prices 30-40% lower.
who says the traders didnt sell last week....or last month....or during the last 3 months as dumb money and over leveraged funds added more leverage to maintain the illusion?
sold 200 UVXY. $12 gain. still holding 1000.
i agree with queen. there SHOULD be a counter trend move. if so, i will simply buy back those 200 at much lower price. if not, and stocks continue to drop from here, that works for me as well.
as ive said many times, my real money is in my 401k and iras. this is play money for me. all im betting on at this point is a measly 10% correction in stocks. you're betting on energy, at a time when energy consumption and prices are crashing. as debt that was borrowed at 0% starts coming due and rates are rising for companies that are not financially healthy. such as HERO, BTU,CNX.....
i like my odds more than yours.
"Like I said earlier, i would add under $2"
down 60 cents on position you bought earlier this week, but up a whopping 13 cents on this am's buy.
so, the next countdown begins. how long before dez is down on his brand spanking new shares of btu?
end of day
end of next week
end of july
never. dez the monkey timed the bottom of a stock perfectly. and he11 has frozen over and jamie dimon is arrested for financial fraud stemming from the 2008/09 meltdown.
"The trading range seems to get narrower and narrower."
its called a rising wedge. i posted that well over a month ago and its just about played out.
on the weekly, the spx has broken below.
it took less than 2 days to drop 25%.....as this thing ran all those stops under $2. i wonder if dez had his stops under $2 and just got run over?