We're working on it . . . taking it off of the 'worst of' lists.
Yep - Kankakee is a lot like we were here. That's about all I know about it , though.
Sold some JNUG at $46 on the drop - still holding a core. Can't get in and out too often . . .!!
True . . . old industrialist policies and heavy-handedness made for a stagnant economy for some time now. Stupid people make good workers . . . but eventually the hens come home to roost and there was a decline. Our manufacturing base largely left - but there is a resurgence initiative now called Transform Rockford that grabbed the sinking ship and is trying to right it. It's a better bet with our aerospace industry (yes, aerospace!!) starting to boom - and our airport the better alternative to Peotone for shipping, etc - and a focus on seeing advantages to our economy and lifestyle. Housing is a helluva value . . . but we need young faces and more investment - which is beginning to happen.
Was in my first courtroom as a jury candidate two weeks ago . . . and I can see somebody tossing their shoe at you in Rockford . . . In the middle east that's the lowest sign of respect - so you could've grudge-screwed her, Cap'n . . . and still stood by your avoidance of liberal #$%$ not shy about tossing shoes at lawyers!! LOL
Madison is a stellar place to live . . . Universities can help that when situated in state capitols. I'd move there - but I'm too entrenched in this town until I "retire" (never).
We're about the same age. Those Cubs (I was ten in '69) were the men I grew up admiring. We used to go to batting practice and get autographs by the dugout wall . . . Leave the game and go out and eat ice cream at the old Buffalo on West Irving Park. My best friend was an only child and his parents took me to all kinds of Cubs games. Good neighborhood to live in . . . had former in-laws that lived on Cornelia.
Still a Bears fan - excited about the new leadership - hoping they respond like the 'Hawks when Rocky took over after the old man died. Huge Hawks fan - envy you having season tix!! The prices they charge now are outrageous. Saw a game there about 7 years ago in a luxury box and looked out the windows of the UC and thought how sad it was that the kids in the neighborhood will never be able to afford seeing a game like we did as kids with the Cubs . . .
The Cubs give me great hope for next year. But I've said that since 1969, too....lol
I'm out in the Rockford area . . . owned my own biz since 1988. "Self-made man" I suppose. Nobody has signed my checks in a very long time. Some days that's not a good thing....but I have a solid legacy and body of work that came out of great mentors and craftsman.
Also . . . the choice today is to hold through the ECB announcement for my gold ETF's - or sell the news in case their stimulus isn't as much nor as broadly impacting on the markets?
I'd like your thoughts on that - and also the thoughts of others here . . .
Or does gold press on after the swings around the announcement? Seems like there will be sellers after they announce . . .
In playing the gold sector with ETF's you would see that we agree on a direction of economic activity around the world. Like you, I'm poised and ready for when oil bumps the bottom. Like I have with gold, I'll be a buyer with both hands and play the swings around a core. Right now I am holding JNUG and NUGT and pretty doggone happy with current gains over 30% . . . Like last year, I'm starting off hot!!
North Shore Gold Coast, eh? Makes sense!! Can't see you being a resident of Berwyn . . . :)
Well, it's a pleasure to have your viewpoint and knowledge added to the mix here. These are good people with bright investing minds who do great research - and share with others. How could you find fault with that, eh?
In Chicago you are either a sports fan - or you aren't . . . Being so close to Lake Forest I would think you might be a candidate for a Bears fan.....and likely also the Cubs. Yes? Or is investing your sport and you passively watch? Small talk, eh?? lol
Captain . . . I'm just an hour west of you . . . Didn't know you were a Chicago man.
Still in JNUG - also NUGT - nice day today. But your comment on another post about a selloff after the expected Euro QE from Draghi on the 22nd . . . I would think a pause and then a climb after for a time would be expected. But the market - being a 6 to 9 month outlier of what is ahead (so they say) - might surprise us with a continued rise. Curious about your longer view.
Also.... RUSS. To $60 you say? This year? Why? Seems sticky in the low to mid $20's for now. You think the oil issue will strangle the Russian economy further? Let me know on that also . . .
It's been profitable to do that with JNUG . . . but if you think it is a triple with RUSS then I think I may jump into that scary pool also . . . When I have days I can watch and trade then I play the leveraged ETF's . . .
Thanks for the tip, Cap'n . . . Why such confidence, if I might ask?
Buy the inverse Russian ETF RUSS, Cap'n . . . That's a whipsaw ride down for a while . . . Good call on FAZ. Almost bought in $12's - but damned market looked strong -- or sideways.
Still playing JNUG like a 1,000 lb. Black Marlin . . . It leaps - it dives . . . eventually ends up dead. In and out makes money - but all dependent on gold. If I know I will be out of the office then I liquidate . . . Rinse-repeat. Lost a little - but made far more.
The chart says it hits $50 tomorrow and retraces to $40 . . . then staggered up from there I suspect. A technical move - but gold might have seen its low. That would be good for JNUG.
It's going to get sketchy around the 79 level for ~xau if you look at the 3 month charts. That's resistance for now - but traders suggest JNUG goes to $45 on the charts. But gold does seem to have hit its bottom . . . and that would see JNUG going much higher.
But with a 3X ETF the contango can get you overnight . . . but you seem to be able to average down easily by buying lower when the inevitable dump happens. But when you're sitting at $30 and the price is $40 you are much bolder and more brave, Ed!!
Not really looking at other things - but market-wise I think healthcare sector and technology sectors are your big wieners this year . . . oh, and the gambler in me wants Feddie and Frannie released!!!
I learned how to play JNUG and have been in and out before the split a couple times. Now I've held - in at $30.00 - and it's possible it may be peaking. It tracks the ~XAU lockstep so between that and spot gold prices, I've made a nice chunk of change.
Playing VA still - sold a bunch at $44.50 - but held some and still holding from $33.50. The MM's NEED to close that open gap in the high $35's - but have tried a few times and volumes won't allow it. I expect a pre-earnings pop on good numbers - travel at the holidays - oil price drop - etc. - all benefitting the airlines.
But those MM's need to close that gap and it GNAWS at me . . . or I'd have bought some again on the dip to low $39's (Did I mention there's a gap in the high $35's? lol)
Anyway - just messing with those two for now - and a nice stash of FNMA in case it ever gets released from conservatorship . . . Worth the risk . . .
Thanks, Rock . . . We have fun doing what we do for small towns!!
Also thinking about SSYS . . . Thought about it when it was higher so this is a gift . . . or not. Will watch over the coming days.
VA dipped at days end so I'm watching that for a re-entry also. I want to be holding it into earnings - but will trade in and out of it.
Was in at 35.45 and 33.45 - sold half this morning above 43.90-44.00 - and there's a gap open at $35.81 so I set a 60 day buy waiting for that to hit. Gains of 23.3% and 30.9% so I had to sell . . . The MM's have held this gap-free beautifully since the IPO - and the initiation of coverage by fund managers will always pop up near year-end . . . Perfect storm, Rock . . .
Still holding some in my IRA and brokerage account so I'm winning either way . . . One of my favorite positions to be in. Traded little this year but some monster gains early this year - and now paired with these gains - has made for another double-digit year of gains . . . and maybe over 25% as a total. Haven't done that math yet . . .
The things I learned when I lost money in the market . . . Best losses ever. So much better on seeing moves and holding gains . . .
Best wishes to all for a super New Year. Business stunk across the snow belt until June of this year for me and many of my friends who own businesses . . . but the last 6 months were outrageously good. Sales and projects increased. Should continue into 2015 at the Main Street level - but headwinds building pre-election year in 2016 nationally IMO. The housing industry is going to need a spark to keep going - which means looser money and the need for the GSE's to be released from conservatorship so Fannie and Freddie can loan again - wisely this time - with the big bank's 'bundle o' mortgages' being SOLID investments - not shitpaper only good for wiping . . .
Then housing will improve markedly and we can be more 'normal' as an economy . . . Best wishes to all for a super New Year!!!
Hope none here ever hold leveraged ETF's overnight. They are purely a one day trade . . .
I don't dance the contango . . . :) I sold out for a .02 gain at the close yesterday. Waste of money - but there was potential . . .!! Probably done playing with that one - or go the inverse ETF . . .
No open gaps - bought 1K at $3.40 - but I will sell fast as the lows are progressively lower of late . . . I want higher lows - not lower lows . . .
But if it holds true to recent form then I sell a spike and rinse-repeat . . . or leave it alone. Still could be seeking a bottom.
Wish I'd bought more in the $33's . . . now almost $39
All airlines doing well - and will watch the index to see when it rolls over. Oil prices mean huge profits next quarter. Almost a 'no lose' for next earnings release - provided no 'air scares' . . . Holding longer term - but will trade in and out on dips/spikes.
Buy at 2pm - sell at 3pm . . . BAM!! 10% just like that.
Crazy ETF . . . lately anyway. Saw it in high $4's yesterday - then popped - so this takes guts to play.