I have very limited range of long term investments, two separate portfolios based on different strategies, both of them are income oriented.
Outside of that I am a full time day trader, mostly stock options. Keeps me off the streets. Recently started thinking to slowly migrate to swing trading 3x ETFs, but have to develop a strategy for it first.
So, obviously, the answer to your question is - no. A few days ago Kathy mentioned a Russian media company, paying pretty high dividend and the books looked pretty solid from what I could determine, the stock was pretty beat up with the rest of Russian market. Could be a good income and growth play.
RSX is consolidating in the area just under $15 for a few weeks now. Might very well be building a bottom.
Bottom or not at this level, it's a solid game, unlikely to lose over long term.
If oil+NG rebound it'll work out very nicely. Go Russkies!!!
I do not know what you are talking about. Go back and check my posts last Thursday. I made about 2.5% last Thu on this trade. Today... it ain't over yet. I'm sure you'll be happy to know I made a lot after FOMC mins. Besides, these little tricks are very small part of my trading, more like a hobby, I can afford to lose once in a while.
I mostly trade stock options. Some days are better than others, but I do not remember a week I closed on the red.
Ever so optimistic!!!
Did you try to apply for a job in Peter Schiff's organization?
I think you'd fit right in.
Kathy, I do not know what rational Rambus is using to justify his advise but I would advise against this.
Looking at the chart of XLE, Energy sector is already about 25% off the top, pushing ERY to very close to a double in the same period of time.There is a chance of further 8-10% decline for XLE from the current $75 price. If I am right (?) it'll result in 25-30% gain for ERY. The last (?) 10% drop is not going to happen very fast, it'll take time. Nobody should keep money in any of these beyond 6-8 weeks. With the decay built into all 3x ETFs.... you know the story.
As always, this is JMHO.
You may want to check again.
As I always said: Play the opposite to the initial reaction.
I care. I live in NYC suburbs, the two of my children and my grandson live in Manhattan. If this was a regular snowfall, I’d say - well it’s winter. But when the forecast said – a historic storm never seen before in the NE and 3-4 feet of snow – I care.
Thankfully, it looks like the worst is over in NYC area, not too bad, no more than 5-6” and I do not feel any wind.
But Boston area, according to the forecast, is yet to see the worst of this storm. I do not have any family in Boston, but guess what – I care.
I am about 20 miles NW of midtown Manhattan. The snowfall started this morning. I wouldn't call it a storm just yet, but the expectation is about 2 feet accumulation over the next two days. If it ends up with just shoveling the snow, it will not be that bad. If we start losing power and communication lines, it' may get a lot worse. ATM I do not see any reasons to panic. Stay tuned...
Kathy, the key difference is "equity" vs. "futures contracts" on a commodity, namely - natural gas.
As an analogy, speaking very roughly, it's identical to PM miners vs. PMs
GASL - The investment seeks 300% investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity (!!!) index called the ISE-REVERE Natural Gas Index.
UGAZ - The investment seeks to replicate 300% performance, net of expenses, of natural gas. The trust will invest in futures contracts (!!!) on natural gas traded on the NYMEX that is the near month contract to expire.
Happy belated birthdays to both of you!!!
Farmer, how old is your son now, must be close to two?
When I was 49 yo, my son was finishing his MBA and my daughter just started college. What a stressful year it was.
Thanks for posting this Kathy. Could be a very interesting play. The stock was hit pretty hard by decline of the Russian market. The books are not the best I've ever seen but pretty solid, given condition of the Russian market/economy they actually look very good. Hell of a lot better than MLPs I am paying a lot of attention to lately. Plenty of Institutional investors holding total of around 15% of the stock.
There is something else to be said about the dividends paid by this company. They pay dividends consistently since March 2010 and outside of the anomaly of $.32 cents dividend paid in Nov 2010 that followed by lower distribution, they never cut the dividend in over the last four years. This is not to say that they never will, but history is history.
I do not see any reasons why the stock shouldn’t be able to recover along with the Russian market, whenever it may happen under current geopolitical pressure.
Everyone should make his/hers own judgement to answer this question. Depending on the risk tolerance, available capital, skill, desirable/target profit.... etc. Also, time you are willing to spend on this trade. As somebody remarked yesterday, I normally do not spend more than 10-15 mins if the price doesn't go my way right away. I have other trades to make/watch/close. I don't mind to take a loss, it's just a cost of doing business.
Some people are full time day traders, some are full time swing, some are occasional traders... etc.
So, to answer your question, the decision is strictly individual.
I would suggest to start with $10G and keep increasing every other week or so as the confidence grows. You'll start with low risk of loss, making peanuts, but you'll acquire a skill.
Yesterday wasn't the best day for this trading. Normally, volatility/price swings are a lot bigger.
If you keep watching, may be take small trades, you'll get a better feeling for it.
$HUI in the area of triple resistance:
1. 50 week MA @ 212.21
2. 61.8% Fib retracement between the high the week of Aug 11 and the low of the week Nov 3rd
3 the low of the week of Sep 1st 2013, Oct 7th 2013, and May 27th 2014 - all three in the area of $HUI $212,