the trade was buy 1000 at $20 sell at $22 ( +$2 ).. buy back the same 1000 shares you sold at $18 then $16 is your break even or cost basis.. if you only bought 500 at $18 then $14 is break even because you are +2000.. fun trading rules A) never let a profit turn into a loss B) never give back more than 1/2 of a large profit
and your cost basis is you "average price".. you can also have a free ride by taking some of your profits off the table.. no different than a Casino Table.. so tomorrow I could sell enough to where I have "free ride".. say 8000 shares.. If then sell those shares and but them $1 lower I have 8000 shares + $8000.. I worked 30 years in a Casino.. I work with numbers not letters or words!
I respectfully disagree.. I trade in an IRA.. your break even is your cost basis.. if you are scaling in and out at different prices.. constantly buying and selling then your average price is your cost.. call it semantics if you want.. or call it a p/l spreadsheet.. I call it "mathematics" not linguistics.. numbers is all it is to me.. not conversation.. so say I buy 1000 shares at $20.. sell at $22 and buy back at $18.. I would say my cost is $16 even though the price did not go to $16.. I call it TRADING ;-)
when the World Cup started.. still getting crushed on this one as well.. but at least I am not trying to fake people into believing I am someone I am not.. Squeeze is losing is a z z BIG TIME on this.. and his denial is not good for market psychology.. anyone who has been tarred and feathered knows how the market works.. QUANT means diddly squat when in a BEAR MARKET SELL OFF.. and the Macau Stocks are in a Bear Market.. no time to be cute.. EOY $50.. I will be happy if it ends in the low $30's!!!!!
most the traders I know will take half of their position off on a double thereby having a FREE RIDE.. know I know why you constantly lose money year after year..
duh, where did you learn mathematics.. if Johnny buys 4 Apples for $6 and sells 2 Apples for $9.. what is Johnny's average cost for the 2 Apples he has less the profit he made on the 2 he sold for $12?.. get back with us in a few days IF YOinU CAN figure it out???.. Einstein.. LOL
funny tf.. just remember they to will take it to where their greedy trading desks can make the most profit.. the negative growth gave them a reason to beat the sector down.. and now it will go to the extreme before it capitulates.. I am only in and out of a 1/2 to 5/8 position here.. show me $20 to $22 and I will go 100% in.. every rally since $45.70 has been crushed..
as far as PBR?.. been hangin'.. been watchin'.. just like you.. with an average cost of $8!.. took some profits off the table.. letting the easy money ride the wave.. nice close at $16.11..VALE is the one being taken to the woodshed..
yeppers... we need a good laugh... these stocks are trapped in the Wall Street Master Vice.. MPEL and LVS are very very weak.. all rallies have been PUNKED DOWN BAD .. it is a trap, make no mistake about it.. the street does not want to touch them.. they make their money by taking out as hard as can.. and then run them up for +50%.. MPEL $22 to $33 makes a lot of sense here.. fundamentals are out the window right now.. at least that is what WE THINK ;-)
WE advise all our readers on the yahoo message board to put on long sleeve shirts and boxer shorts and wear them until the late pm.. in the am you can take them off and wear what ever you like.. if you like a tank top with a thong in the am that would be a comfortable choice.. what ever.. just realize that the downgrades were warranted and so is the current price.. it will trade back in the $30s but it is going to be a long long road ahead for these stocks.. Wall Street Owns Them!!!
I think we could get a really to $30 - $32 first.. but $22 is important because that was the IPO opening price back in december of 2006.. it then sold off down to $2.. the break out above $22 was a run up double.. it definitely could test $22 again.. remember WE have been cautious since the World Cup and have advised people on this board to follow OUR Hedging Strategies.. WE remain cautious with the slew of downgrades but feel comfortable advising the people on this board to start to scale a position here at $25.. WE are aware of the construction delays and workers strikes.. the smoking ban and VIP crackdown.. WE are lowering the guidance and Price Targets on all Macau Stocks.. WE again advice everyone on this board to be patient and take a 3 to 5 year time frame when investing in stocks.. still WE do not want to advise you to buy at $45 alo l the way down to $25 or $22 or where ever the bottom my be?.. WE wish everyone the best of luck!!!
one thousand points of light.. man the harpoons.. shorts are trying to hit the SPPI Whale.. the BIG GORILLA!!!
biggest Nickel mines in the world.. lots of assets and pays a good dividend.. october pays out .41 a share.. double gap down.. it smells like M. Stanley's Work..
they will continue to lower the estimates and hammer these stocks.. if the last sell-off does not hold WE SAYS maximum pain and capitulation MPEL $22.. you cannot fight the tape with analysis!
meanwhile THE ANALYST who matter because they make the market in these stocks keep lowering ALL ESTIMATES.. the stock prices KEEP GOING LOWER.. there are obviously some serious problems in Macau.. you cannot fight the tape and make money.. it will not happen.. wait for the dust to settle.. MPEL $22 only because THE REAL WE are taking it there!!!
the internet is a slap board.. if you want correct ( curriculum ) English this would not be the proper medium.. silly rabbit TRIX ARE FOR KIDS.. LOL
your posts sound "really nervous" as of late.. this stock is getting ready for take of and you are not ridin'.. fus is soooo old news.. market is based on the future.. stay on this board for us please!