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Impac Mortgage Holdings Inc. Message Board

theblueridgetrader 79 posts  |  Last Activity: May 10, 2016 10:24 AM Member since: Oct 13, 2012
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  • Reply to

    SPAM is taking over these message boards

    by tomgerstner Mar 10, 2016 11:54 PM
    theblueridgetrader theblueridgetrader Mar 11, 2016 7:23 AM Flag

    tom
    I agree I wish Yahoo would take and file a suit to stop this BS. It use to be one now and then but now there are 10 plus/ day. I wrote both of the two main ones saying that i would never use their service just because of their amount of FUD around the web GL

  • theblueridgetrader theblueridgetrader Mar 4, 2016 9:06 AM Flag

    khaj/trader/konn
    I have to laugh with all the new shorts popping up all of a sudden. Two months ago when i talked about shorting NG i got blasted from every direction telling me that it had bottomed and that when we dropped below $3.00. When ever i see this many on one side of the trade usually points to bottom is starting to form. Everything i am hearing in the field see points to plenty of NG but that means nothing if the shorts decide to cover. I am out of NG and back into oil to see if we can take out resistance at 35.00 but i will be watching the weather over the next 2-6 weeks Gl2ALL

  • theblueridgetrader theblueridgetrader Mar 10, 2016 11:51 AM Flag

    Congratulations You just joined the long list of Blocked idiots. I don't like cramer but it has nothing to do with his religious origin. Nothing good ever came from anything based solely on hate ,
    Mike

  • theblueridgetrader by theblueridgetrader Apr 19, 2016 9:28 AM Flag

    I am still shorting oil on every move above $40.00 using DWTI (114.00) and am starting another short trade on NG. I don't see anything major coming out of the meeting and if by chance it does i will cost avg. I am looking for 15.00 on DGAZ as my entry point but may start to nibble at this 17.00 level. I hope all is going good for the reg's on this board. GL2ALL
    Mike

  • theblueridgetrader theblueridgetrader Mar 9, 2016 10:37 AM Flag

    Khaj
    LOL That explains why i never heard of it. Thanks and GL

  • Reply to

    oil

    by khajovsky Mar 10, 2016 10:14 AM
    theblueridgetrader theblueridgetrader Mar 10, 2016 10:37 AM Flag

    Khaj
    I think we are in this range till the meeting on the 20th Unless nothing but talk come out than we will probably see a pull back GL2U

  • Reply to

    gold

    by khajovsky Mar 10, 2016 1:03 PM
    theblueridgetrader theblueridgetrader Mar 17, 2016 4:41 PM Flag

    Khaj
    It worked out good with the am follow thru and then the slow steady climb thru the day. i took some off at the close. I also sold some GASL. Don't know if your trading it but LABU had the same move Great entry and then a nice climb. I lightened up on a lot of stuff and started putting on some protection using the VIX. I have one more week before i move so i am watching what i will be holding since i will be busy for a while getting settled in my new place.

  • Reply to

    I wish they RSed both UNG and UGAZ

    by trader537 Feb 29, 2016 10:49 AM
    theblueridgetrader theblueridgetrader Feb 29, 2016 1:37 PM Flag

    Trader
    At one time i was was looking at NG thinking it was oversold and yet the way the institutional money was investing in it was saying something completely different. Since it was a tax deduction and i had some friends in the area i decided to take the time and spend the money and go check it out and the one thing i heard everywhere i went was How much NG there really was. Ng was about $3.00 so i went short and stayed short till just a little over a week ago and even though technically it is still over sold i still didn't go long and probably won't. My reasoning is not because i don't think it's cheap, It is that i don't know how much more cheaper it will get and when it finally does turn except for some short covering, I think the upside is limited. GL2ALL

  • Reply to

    Trader, Mike, Konnikvo need your opinion

    by fp718591 Mar 18, 2016 3:08 PM
    theblueridgetrader theblueridgetrader Mar 18, 2016 4:47 PM Flag

    AS for VRX No i have some shares that are paid for thru trading but i did close out my protection and roll it out another week. I am trading LABU instead of IBB and while we are closer to the bottom of the Channel this has become an issue for the politicians to stand on so i would expect more volatility as we go. I see the market as getting toppy so that's the way i am trading it. GL
    Mike

  • Reply to

    Long Natty, the low is in.

    by boatpeople007 Feb 25, 2016 7:09 PM
    theblueridgetrader theblueridgetrader Feb 27, 2016 12:36 PM Flag

    Melt
    I think what you are referring to Commitment Of Traders or COT It is a breakdown as of each tuesday's open interest on Futures Contracts I could go on and on but that s a brief description and it would probably be easier for you to check out the weekly CFTC reports. Hope it helped GL Mike

  • Reply to

    Long Natty, the low is in.

    by boatpeople007 Feb 25, 2016 7:09 PM
    theblueridgetrader theblueridgetrader Feb 27, 2016 12:38 PM Flag

    Melt
    After if you still have any questions i would be glad to help.

  • theblueridgetrader theblueridgetrader Mar 9, 2016 1:29 PM Flag

    beer buddy
    Buying to soon is common in commodities that are moving into new ground so don't feel bad cause we all have been there. I always start with 25% of my final position and trade around a core position to lower my cost. Gold has always been a fear trade so at some point we will see the world markets settle back down and your position will be fine.I have been trading the channel between 3.40 and $4,00 holding profit in shares since i think with in the next couple months Gold will start to retrace back down to the 1000.00 area. GL2U

  • Reply to

    UNG will hit 3.50, I repeat $3 range

    by eejjww36 Mar 3, 2016 4:52 PM
    theblueridgetrader theblueridgetrader Mar 3, 2016 5:11 PM Flag

    eejj
    To say that NG will hit 3.50 is a bit vague. While i disagree what kind of time frame are you talking about or is that one of those open ended calls? GL2ALL

  • Reply to

    Weekly storage Report

    by theblueridgetrader Mar 10, 2016 10:30 AM
    theblueridgetrader theblueridgetrader Mar 10, 2016 10:31 AM Flag

    Sorry minus 57

  • Reply to

    Rig count, Gas down 3, oil down 6

    by berto2727 Mar 11, 2016 1:52 PM
    theblueridgetrader theblueridgetrader Mar 12, 2016 8:57 AM Flag

    Bogwand
    Oil is trading off the possibility that we will see a freeze and maybe a cut. Personally i don't see anything changing since a freeze is basically just more of the same which is still to much production and a cut would have to include everyone and that is not likely. The one thing i could see happening is the summer driving season will start to consume some of the over production. I am still long but using some hedges to protect my gains by trading GASX in the 17-21.00 channel until this plays out. As for NG i started a sm short position friday ($22.04) using DGAZ since supply still out paces demand. I am treading lightly since there are still so many shorts that anything could happen GL2ALL Mike

  • Reply to

    gold

    by khajovsky Mar 10, 2016 1:03 PM
    theblueridgetrader theblueridgetrader Mar 16, 2016 4:50 PM Flag

    khaj
    It has been trading in the channel between 1220-1280 +/- I had been trading DUST in the 3.30-4.00 range but switched to JDST in the after hours. I started with an entry size position till i see how gold reacts to the 1300 resistance level. GL2ALL

  • Reply to

    Trader, Mike, Konnivo

    by fp718591 Mar 15, 2016 2:06 PM
    theblueridgetrader theblueridgetrader Mar 16, 2016 10:53 AM Flag

    FP
    I am very familiar with this company and did well in it for a long time. As for going bankrupt while anything is possible i think a stock offering is more of a possibility than bankruptcy. i bought a few shares using speculation money and am trading it as i go rather than buy and holding it. So far today it's been a good daytrade but i will keep my long term shares limited to "House Shares" that i will try to build up. I will say that i wouldn't use money that one can not afford to lose. GL2ALL
    Mike

  • theblueridgetrader by theblueridgetrader Apr 19, 2016 5:40 PM Flag

    NG hit my short level so i am in DGAZ at 15.50 I kept half of my DWTI but think oil at $42.00 (WTI) is a possibility so i probably should of sold it all. Oil is catching a short covering rally after a sell off didn't materialize after the meeting. I have been to busy getting into my new place to spend much time watching the market so all my trades are not that large. I hope to be back trading full time but the end of the month, Middle of may. Thanks to all who sent me messages GL2ALL
    Mike

  • Reply to

    OT: Death Cross on Chinese market

    by trader537 Apr 14, 2016 8:02 AM
    theblueridgetrader theblueridgetrader Apr 20, 2016 11:23 AM Flag

    Trader
    If you mean by "Bunny Market" Jumping in and out than i am in agreement. I have been trading DWTI on any 5-7 pt move while holding some in case some news breaks. I see WTI hitting a wall at $42.00 unless something major comes out which is doubtful since the cartel gets along as well as most women #$%$ seems to be trading in unison with oils recent bounce. I did start exiting some of my RICE, WLL and other small energy plays since i wanted to lock in some gains in case this rally fails which i believe at some point will see oil back into the mid 30's again. It may take till the summer driving seasons over but there is still a glut in both oil ad NG that i don't see ending any time soon. Yesterday i started a small short position in NG using DGAZ Well time to get back to unpacking so GL2ALL
    Mike

  • Reply to

    gold

    by khajovsky Mar 10, 2016 1:03 PM
    theblueridgetrader theblueridgetrader Mar 10, 2016 1:19 PM Flag

    khay
    Draggi couldn't of done more to get the price of Gold up if they tried. Japans negative rate move is what got the gold rally started and today we got what it needed to continue. For some reason Gold dropped off the announcement?? which made no sense but i used it to exit the last of my DUST. I am going to sit on the sidelines for a while before i step back in. GL2U

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