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Thread: Stocks

  1. #1101
    Bogley BigShot oldno7's Avatar
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    I'm guessing silver will follow the sector somewhat but I want to be Gold based.

    Your fundamentals look to align somewhat to a lot, like my technicals.

    Technicals give me a precise method of entry/exit, something not usually associated with fundamentals.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

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  3. #1102
    Mountain Man
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    Quote Originally Posted by twotimer View Post
    Yeah well
    Quoted to catch your attention.

    On the heels of our "what bonds tell in a distressed stock" discussion, look at Whiting Petroleum, ticker WLL.

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    From $8 to 80 cents. Dang, it lost 90% of its value, if it could come back you could make some good money. But look at the bond sales today:


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    Notice the first bond trade, matures on April 1, 2020, 4 days from now. The price was 50.5. Par is 100. So you'll double your money in 4 days.

    The 11th listed bond matures 1/15/2026, sold for 9.5 (par 100, all these are). So you'd 10x your money, for a yearly yield of 82.9% (almost a double each year). The "Trade Quantity" column tells the size, $1 million+ here. Someone sold $1 million in bonds, for 9.5 cents on the dollar. They acquired them at what price and when we don't know, but at one time these were about $10 million in bonds at par value.

    The bond market is saying not only bankrupt, but bankrupt in the next 4 days before the April 1 bonds mature. We'll see if this happens.

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  5. #1103
    Bogley BigShot oldno7's Avatar
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    I'm slowly acquiring shares of GDX
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  6. #1104
    Bogley BigShot oldno7's Avatar
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    Quote Originally Posted by oldno7 View Post
    I'm slowly acquiring shares of GDX
    Dang--I just started buying Friday, have much more to invest.

    Up--3 1/2% this morning.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  7. #1105
    Bogley BigShot oldno7's Avatar
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    Just bought a teeny bit more GDX, just under $24.

    I need 21.58 to be a mathematical support area but I'm getting a feeling Gold is gaining strength and may not retrace as far as I'd like./
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  8. #1106
    Bogley BigShot oldno7's Avatar
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    And a teeny weeny lit bit more at 23.795
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  9. #1107
    Mountain Man
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    Quote Originally Posted by oldno7 View Post
    Just bought a teeny bit more GDX, just under $24.

    I need 21.58 to be a mathematical support area but I'm getting a feeling Gold is gaining strength and may not retrace as far as I'd like./
    https://www.kitco.com/news/2020-03-3...purchases.html

    With the Russian central bank suspending gold buys, we might see a softening of gold prices. They were a decent sized net buyer for the last several years.

  10. #1108
    Bogley BigShot oldno7's Avatar
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    So the indices are still off about 25%.

    The way I played this drop from the top, I'm currently up 4.75%

    I have a number in mind to sell, and I want to sell.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  11. #1109
    Bogley BigShot oldno7's Avatar
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    I know this is basic math but I thought I would show it anyway.

    On a 1,000,000 account for a buy and hold investor, at this point--they have 750,000

    As a trader-- a 1,000,000 account is now worth--1,047,500

    A difference of $297,500

    And I don't see us hitting DOW 29,000 again for a year or two.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  12. #1110
    Bogley BigShot oldno7's Avatar
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    And now, I'm slowly filtering the indices money into gold based funds/stocks.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  13. #1111
    Bogley BigShot oldno7's Avatar
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    As of now--in the money I reinvested in the indices--I'm 80% Gold--20% indices
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  14. #1112
    Mountain Man
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    Quote Originally Posted by oldno7 View Post
    I know this is basic math but I thought I would show it anyway.

    On a 1,000,000 account for a buy and hold investor, at this point--they have 750,000

    As a trader-- a 1,000,000 account is now worth--1,047,500

    A difference of $297,500

    And I don't see us hitting DOW 29,000 again for a year or two.
    It becomes a matter of time/life vs trading. For a stretch of about 2 years starting about 6 or 7 years ago, I traded options from open to close daily. I used the Ichimoku Cloud as my main technical indicator, with 2 other MACD, RSI -type indicators, I don't remember which. I had become highly refined at seeing movements, I was trading on 15 minute bars. But that literally became an all consuming life. It was too much and too consuming and too stressful.

    There has to be happy medium, and it sounds like you have it. I've gone from that 15 minute insanity to longer term fundamentals and laying off moves until they cook for at least a few months.

  15. #1113
    Bogley BigShot oldno7's Avatar
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    Mostly moving to GDX

    waiting for a buy signal in GOLD

    Keep in mind--this is only the money I have in a mutual fund account.

    I'm still trading daily and VSTO has been on fire.

    Longer term I use Fibonacci and Gann projections that calculate.

    Today is a 180deg. day from the Sept. 3 low.(My Gann Calculation)


    My life is trading--thats all I do.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  16. #1114
    No surprises...

    Dow dips 400 points on Tuesday, capping its worst first quarter ever


  17. #1115
    Quote Originally Posted by accadacca View Post
    No surprises...

    Dow dips 400 points on Tuesday, capping its worst first quarter ever
    #FAKENEWS... maybe one of these days Accadacca will stop watching CNN.

    1987 was the worst first quarter ever when the DJIA dropped 25.88%. Last quarter dropped 23.2%.

    Anyone that can math understands why the percentage is what's important.


    Climb-Utah.com

  18. #1116
    Quote Originally Posted by Iceaxe View Post
    #FAKENEWS... maybe one of these days Accadacca will stop watching CNN.

    1987 was the worst first quarter ever when the DJIA dropped 25.88%. Last quarter dropped 23.2%.

    Anyone that can math understands why the percentage is what's important.


    Climb-Utah.com
    WRONG! It’s from USA Today. You’ll have to bitch to them.

    Check out this article from USA TODAY:

    Dow dips 400 points on Tuesday, capping its worst first quarter ever

    https://www.usatoday.com/story/money...mp/5093369002/


  19. #1117
    I'm thinking now the market retests the lows and potentially goes lower, but not necessarily with the high volatility we had seen. Rather with many months of a plain bear market.

    Based on the things Birx and Fauci said in the presser today, we're in for several months of weak economic activity. Going to weigh on earnings for the rest of the year at least.

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  21. #1118
    Bogley BigShot oldno7's Avatar
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    Yep agree, I'm still transitioning to Gold, may not get everything there.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  22. #1119
    Bogley BigShot oldno7's Avatar
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    From this point--I'm thinking Gold preserves value(hedge) to slightly increases over the Dow.

    The regaining of market highs gets tougher the longer this goes on.

    But once again--Trump is the kicker, he can build an economy faster, better, bigglier, than anyone.

    If we go democrat--a huge recession to depression is a given, it's what they prefer.
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  23. #1120
    Quote Originally Posted by accadacca View Post
    WRONG! It’s from USA Today. You’ll have to bitch to them.

    Check out this article from USA TODAY:

    Dow dips 400 points on Tuesday, capping its worst first quarter ever

    https://www.usatoday.com/story/money...mp/5093369002/
    Do the math... Don't get sucked in with all the other sheep.

    Math tip - Points dropped is not percentage lost.

    Climb-Utah.com

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