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McEwen Mining Inc. Message Board

twoblackcats88 374 posts  |  Last Activity: 56 minutes ago Member since: Oct 28, 2013
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  • This "may" be a "dead cat" bounce ... who knows?

    Holding 2,500 shares at $3.88 to let profits run!

    Day Trade:
    10/16 Buy $3.88 ... 10/16 Sell $4.05, +0.17 (2,500 shares) / profit $425.00
    10/16 Buy $3.88 / Stop $3.88 / Paper Profits $750.00

    For those of you who are interested in technical signals (not long term investors) ...
    waiting for it to get above 20.0 to go all in.

    twoblackcats - A Professional Trader

  • twoblackcats88 twoblackcats88 1 hour 2 minutes ago Flag

    "Ignore" doesn't work ...
    Some people choose to be agitators ... that's their nature.
    hardmetalman1 is defending his bruised ego, dr_winnabago is just a jerk!
    What can I say?

  • Reply to

    20,000 shares at 4.38-4.39 after hours

    by idccnokia2006 1 hour 53 minutes ago
    twoblackcats88 twoblackcats88 1 hour 7 minutes ago Flag

    Today PGH went x-dividend ... There were buyers to capture the dividend.

  • On 10/14, I created a simulated energy portfolio of 40 select stocks, "bought" 1 share of each stock.
    The purpose of this "homemade" index is to monitor and track the movement of the energy sector.

    Energy prices continue to rise ... PGH 4.18 +.07 +1.59% / Holding 2,500 shares +.30 or $750 + ($425 previous)

    10/14 $1,635.65 ... value of the 40 stocks
    10/15 $1,652.29 +1.02% +$16.64 to date +$16.64 +1.02%
    10/16 $1,693.85 +2.52% +$41.56 to date +$58.20 +3.56%
    10/17 $1,703.78 +0.59% +$9.93 to date +$68.13 +4.17%
    10/20 $1716.28 +0.73% +$12.50 to date $80.63 +4.93%

  • twoblackcats88 twoblackcats88 2 hours 56 minutes ago Flag

    I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • Reply to

    DEAD CAT BOUNCE

    by bananahouse171 Oct 16, 2014 3:07 PM
    twoblackcats88 twoblackcats88 6 hours ago Flag

    I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • twoblackcats88 twoblackcats88 7 hours ago Flag

    I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • Reply to

    DEAD CAT BOUNCE

    by bananahouse171 Oct 16, 2014 3:07 PM
    twoblackcats88 twoblackcats88 7 hours ago Flag

    It "may" be a dead cat bounce ... however, I put $425 in the bank and am holding 2,500 shares at $3.88 with a break even stop at $3.88. I'm looking for a swing higher low as an indication that the trend has changed ...

  • twoblackcats88 twoblackcats88 8 hours ago Flag

    I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • twoblackcats88 twoblackcats88 8 hours ago Flag

    I did do a "pretend" buy ... they are "paper trades". I didn't spend any money on commissions or the stocks, as some stupid people would think ...

  • twoblackcats88 twoblackcats88 8 hours ago Flag

    I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • On 10/14, I created an energy portfolio of 40 select stocks, buying 1 share of each.
    The purpose of this "homemade" index is to monitor and track the movement of these stocks.

    10/14 $1,635.65 ... value of the 40 stocks
    10/15 $1,652.29 +1.02% +$16.64 to date +16.64 +1.02%
    10/16 $1,693.85 +2.52% +$41.56 to date +58.20 +3.56%
    10/17 $1,703.78 +0.59% +$9.93 to date +68.13 +4.17%

  • twoblackcats88 twoblackcats88 9 hours ago Flag

    Thumbs down don't matter to me ... one thumbs down and $1.50 and I can get a cup of coffee at Starbucks.
    Thanks for your comment anyway ...

  • twoblackcats88 twoblackcats88 9 hours ago Flag

    Natural gas also suffered the same fate. In August, EIA noted that natural gas inventories – which plunged to 11-year lows in March – sprung back at the best clip since 2001. Though present stockpiles were lower than the year-ago level and the 5-year average, the reserves are being fast filled up and have in turn put a cap on prices.

    Quite expectedly, poor end-market demand posed a pricing pressure on the energy exploration and production companies. Over the past one month, these energy ETFs have bled badly, losing in the range of 8–23%. The space is in the red from the weekly and monthly point of view. Below, we highlight three ETFs that were crushed by the recent sell-off and should be monitored closely in the coming days as well:

    ISE-Revere Natural Gas Index Fund (FCG)

    This product offers exposure to the U.S. stocks that derive a substantial portion of their revenues from exploration and production of natural gas. It follows ISE-REVERE Natural Gas Index and holds 31 stocks in its basket that are well spread out, with each component holding less than 3.96% of assets (read: Can a Heat Wave Turn Around the Natural Gas ETF?).

    Though FCG is not much popular in the energy space having AUM of $381 million, it sees solid trading in volumes of about 450,000 shares per day on average. The ETF charges 60 bps in annual fees and expenses, and lost nearly 23% in the last one month (as of October 10). FCG was down about 11.5% last week.

    PowerShares S&P SmallCap Energy Portfolio (PSCE)

    This fund also focuses on the U.S. market, giving investors exposure to the stocks of U.S. energy companies. This relatively unpopular fund tracks the S&P SmallCap 600 Capped Energy Index having amassed $35 million since inception. Half of the 33 energy stocks have a tilt toward the energy equipment & services industry. The fund lost 10.4% during the last one week and 21.4% in the past one month.

    SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

  • After a smooth ride in the early phase of the year, oil prices have persistently declined over the past one month. The slide has been so acute that oil prices touched the lowest level in 27 months on October 7. Global slowdown mainly in Europe and China that crippled manufacturing activities, a surge in oil output and a spike in the greenback thanks to the wrap-up of QE policy in the U.S. punished oil prices.

    The value of the U.S. dollar peaked to the four-year high with respect to a basket of currencies as investors wagered on the speeding domestic growth. As we know oil price shares an inverse relationship with the greenback, the recent slide is self explanatory. Also, easing geopolitical tensions in oil rich nations like Russia repressed oil supply worries, reinforcing the plunge (read: High Output and Weak Demand Hitting Oil ETFs).

    Oil inventory remains in a good shape in the U.S. Per Bank of America, the U.S. will likely be the world’s prime oil extractor in 2014 leaving Saudi Arabia and Russia behind courtesy of its shale-oil boom. In fact, the U.S. has produced the most oil in 28 years this year whereas the Organization of the Petroleum Exporting Countries (OPEC ) delivered the highest yearly production growth. Per the Energy Information Administration (EIA), oil production in the U.S. will peak to the highest point in 45 years next year.

    Per Bloomberg, the International Energy Agency (IEA) trimmed its forecast for oil demand this year and the next, following lackluster global growth. Not only that, the Energy Information Administration (EIA) and OPEC also shared similar views. Saudi Arabia – a leading oil exporter – has already curtailed its prices by $1 per barrel for Asia and reduced its production steeply, as noted by Bloomberg (read: Oil & Gas ETF Investing 101).

  • I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • Reply to

    End of the Fundamental/Technical Debate

    by tradefordollars Oct 17, 2014 9:42 AM
    twoblackcats88 twoblackcats88 Oct 17, 2014 5:33 PM Flag

    hardmetalman1 - You Have Been Elevated to the Status of IGNORE ~
    I no longer wish to communicate with you, and all of your posts will go in the IGNORE garbage can.
    Your posts are meaningless and are intended to be harassing and derogatory comments ~

  • As others have said, this may be a "dead cat" bounce ... stay tuned ~

    Holding 2,500 shares at $3.88 to let profits run!

    My Buy/Sell Signals:

    03/28 Buy $5.93 ... 05/07 Sell $6.50, +0.57
    06/03 Buy $6.23 ... 07/07 Sell $6.81, +0.58
    08/18 Buy $6.09 ... 09/03 Sell $6.11, +0.02 Total $1.17 -vs- HUGE Equity Losses!
    Day Trade:
    10/16 Buy $3.88 ... 10/16 Sell $4.05, +0.17 (2,500 shares) / profit $425.00
    10/16 Buy $3.88 / Stop $3.88

    For those of you who are interested in technical signals (not long term investors) ...
    waiting for it to get above 20.0 to go all in.

    twoblackcats - A Professional Trader

  • Reply to

    Oil now dropping somewhat

    by tradefordollars Oct 17, 2014 1:52 PM
    twoblackcats88 twoblackcats88 Oct 17, 2014 3:47 PM Flag

    My "line in the sand" is $4.14, and if you notice, it is holding this price.

    I think PGH will hold this level since it successfully filled this morning's gap.
    If it closes higher than $4.15, I'll be happy and will move my stop next week.

MUX
1.76-0.04(-2.22%)Oct 20 4:03 PMEDT

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