what's not to like about the chart? Looks pretty good to me- monthly shows a nice long base/trading range- if it breaks out of that it could have a nice run. Weekly looks like an inverse head and shoulders pattern. Just interested in more detail on your thoughts. Good trading and happy holidays!
Les,
Interesting idea/chart. Looks like the 20d EMA (middle BB) has held as support from July until recently. Now sitting right on 50d MA with BB tightening suggesting large move coming. Can't say which direction but it might be an interesting play with a stop beneath the 50d MA (9.77). Briefly took that out yesterday with a low of 9.67 so might need to give it a little more room than that.
KC
figures. Got tired of it not doing anything and unloaded the stock and Dec calls at a loss. Congrats to holders. This blind squirrel will keep looking for another nut.
For the comments about trading platforms etc. Appreciate your thoughts. Sometimes when I post stuff late like that it gets missed. Also thanks for the laugh (slicing pepperoni so thin it only has one side) LOL
Anyone have any thoughts or recommendations re: discount brokerage or Schedule D generating software? Currently using Schwab for regular/roth/traditional IRA accounts and Interactive Brokers for international/canadian juniors etc. Used both with Tradelog and TaxAct last year and was fairly content with it.
I like Schwab's Streetsmart platform but I'm sure there are other good ones out there. Thoughts on thinkorswim or Tradestation?
Want to simplify and consolidate to a single platform that interfaces well with e.g. tradelog to calculate wash sales etc.
What do you guys use? Part of me wants to stay with IB because at some point I would like to have an account managed by Bill's CTA.
Johnny,
Thanks so much for your thoughtful post and remarks. I couldn't agree more with all of your comments. I'm just grateful that we have this forum to discuss these things (thanks Bill!) while Boobus Americanus is watching "Jersey Shore" or "Housewives"
KC
Don't have any position on oil either way- but have noted the price gyrations over the last several years. Not quite sure what to make of Mike Maloney's prediction for WAY lower oil prices but he seems pretty convincing. If you're interested in this watch parts 1 and 2 of this clip.
Appropriate that the article was titled "Do the Shorts Know Something You Don't?
Apparently in the case of TGB the answer is yes...
Anyone know an easy way to screen for unusual options activity or recent ridiculous changes in short interest like this? I know it's a bit sleazy, but maybe a few of us blind squirrels could grab a few stray nuts with this knowledge...
Re: "Permanent Portfolio." Wow just checked it out and the monthly chart is fantastic (attached). And even invests in gold, silver, real estate, bonds, in addition to stocks etc. Thanks so much for suggesting the idea- can't believe I hadn't heard of it. I too need to spend less time fretting over the market and my stock picks and enjoying life...
Wow. Finally checking in to review the days blog. What a day. Please watch the clip above and everyone just relax. Let's not censor MtnGntx- I enjoy his posts. And TOF - your optimism, intuition and excellent track record has saved me some $$$ from my natural paranoid pessimism. davefairtex I enjoy your posts and insights too along with grym, 2nd, loannetter, jackblack, SiO2, Kaimu. and many others I haven't mentioned and also the folks that only post once in a while. Hell you guys are an important part of my day.
Plea to be nice and also keep the blog censorship to a minimum.
jb,
Thanks for the discussion. Maybe I have my rose-colored glasses on...it's happened before...
http://www.youtube.com/watch?v=sJ8mlC3mWW4
enjoy,
KC
jackblack,
what's not to like about the chart? Looks pretty good to me- monthly shows a nice long base/trading range- if it breaks out of that it could have a nice run. Weekly looks like an inverse head and shoulders pattern. Just interested in more detail on your thoughts. Good trading and happy holidays!
KC
Les,
Interesting idea/chart. Looks like the 20d EMA (middle BB) has held as support from July until recently. Now sitting right on 50d MA with BB tightening suggesting large move coming. Can't say which direction but it might be an interesting play with a stop beneath the 50d MA (9.77). Briefly took that out yesterday with a low of 9.67 so might need to give it a little more room than that.
KC
Sorry maybe I'm the last one to see this. But just in case you haven't seen it yet, it is a MUST see it to believe it. Good grief. We are doomed...
http://www.youtube.com/watch?v=zNZczIgVXjg
^$%#^$& !!
figures. Got tired of it not doing anything and unloaded the stock and Dec calls at a loss. Congrats to holders. This blind squirrel will keep looking for another nut.
KC
For the comments about trading platforms etc. Appreciate your thoughts. Sometimes when I post stuff late like that it gets missed. Also thanks for the laugh (slicing pepperoni so thin it only has one side) LOL
KC
Anyone have any thoughts or recommendations re: discount brokerage or Schedule D generating software? Currently using Schwab for regular/roth/traditional IRA accounts and Interactive Brokers for international/canadian juniors etc. Used both with Tradelog and TaxAct last year and was fairly content with it.
I like Schwab's Streetsmart platform but I'm sure there are other good ones out there. Thoughts on thinkorswim or Tradestation?
Want to simplify and consolidate to a single platform that interfaces well with e.g. tradelog to calculate wash sales etc.
What do you guys use? Part of me wants to stay with IB because at some point I would like to have an account managed by Bill's CTA.
Considering E*Trade.
Also- Anyone use MTM acounting?
KC
Johnny,
Thanks so much for your thoughtful post and remarks. I couldn't agree more with all of your comments. I'm just grateful that we have this forum to discuss these things (thanks Bill!) while Boobus Americanus is watching "Jersey Shore" or "Housewives"
KC
Johnny,
Don't have any position on oil either way- but have noted the price gyrations over the last several years. Not quite sure what to make of Mike Maloney's prediction for WAY lower oil prices but he seems pretty convincing. If you're interested in this watch parts 1 and 2 of this clip.
http://www.youtube.com/watch?v=uzef43gdupk
Regards,
KC
"Added to PMV the last couple days ..."
Mahalo Kaimu- Me too!!
Thanks for sharing your trading ideas (and commmentary)
KC
yeah you're right Vad- edited my post away here. Will try to focus on trading related ideas. (My post was another tax rant).
Might be worth a put write on the over-reaction- even for a quick trade - could have a pretty nice return....
You are having a good day with BYD too. Now testing resistance/200d MA...
Wow neat site- can't believe I hadn't stumbled across it - thanks Vad.
KC
Nice catch Dave M-
Appropriate that the article was titled "Do the Shorts Know Something You Don't?
Apparently in the case of TGB the answer is yes...
Anyone know an easy way to screen for unusual options activity or recent ridiculous changes in short interest like this? I know it's a bit sleazy, but maybe a few of us blind squirrels could grab a few stray nuts with this knowledge...
KC
Re: "Permanent Portfolio." Wow just checked it out and the monthly chart is fantastic (attached). And even invests in gold, silver, real estate, bonds, in addition to stocks etc. Thanks so much for suggesting the idea- can't believe I hadn't heard of it. I too need to spend less time fretting over the market and my stock picks and enjoying life...
KC
http://www.youtube.com/watch?v=o4fWN6VvgKQ
Wow. Finally checking in to review the days blog. What a day. Please watch the clip above and everyone just relax. Let's not censor MtnGntx- I enjoy his posts. And TOF - your optimism, intuition and excellent track record has saved me some $$$ from my natural paranoid pessimism. davefairtex I enjoy your posts and insights too along with grym, 2nd, loannetter, jackblack, SiO2, Kaimu. and many others I haven't mentioned and also the folks that only post once in a while. Hell you guys are an important part of my day.
Plea to be nice and also keep the blog censorship to a minimum.
FD: I even miss sharkie.
KC
Oh so sad. How did it come to this and how far is it going to go?
http://www.gowebcasting.com/conferences/2010/09/20...
3 days worth of compaany presentations to review!
Link courtesy of rank10 at BPT.
KC
Hope not. Enjoy your posts...