Kudos to those of you able to ride the buy/sell waves in silver. I was never able to sleep without at least one eye open while holding significant positions in the sector. The recent shakeout? For me, that would have been more like a wipe out.
We stood on the crest of summer, beneath an oak that blossomed green
Feeling as I did in April, not really knowing what it means
But it must be then that you stand beside me now to make me feel this way
Just as I did in April, but it's a morning in May
Silver down -11%. TZA and VXX cleaned up and looking good. Look out, now- it's a morning in May.
Anyone notice the high-volume vertical spikes in both stocks in the final minutes? Explanations? Most likely 'explanation' I can come up with is a Flash Launch. A clear example of maximum frustration, should both stocks gap up big time on Monday.
FD: I'm no longer holding either one. And not too happy about it right now.
Re OAKBX, I ended up (hopefully) with the last laugh. Watching today's +72-point close on the DJIA, I mentally kicked sand on the drive home for exiting on yesterday's lame +0.04 move (all told, I opened last Wednesday @ 29.26 and closed yesterday @ 29.55). After seeing this afternoon's closing +0.02 print just now, I can manage more than mentally pouring a cold one.
A healthy market does not move up in a straight line. It dips and rises. Periods of backing and filling are required- to shake out weak hands, and to allow strong hands to open/accumulate. A pullback will arrive soon enough. The correct move, IMO, will be to add to/open/reopen positions.
The pullback in RIMM may have already arrived- last time I checked, it was in the Cara 100. For LT buyers, we've likely already seen the lows (maybe multi-year lows) for CSCO/INTC/WFC- personally, I can't seem to shake the short-term trading bug.
I worked for a large US software company for 10 years and it was amazing to see 25 year old girls in San Francisco making 6-figure salaries for hosting corporate visits
They do quite well during recessions also. Most have an enviable work ethic.
I live just west of Detroit in a little oasis that some around here say has its own reality
My folks lived a few blocks away from the Arboretum (they eventually moved to the Bay Area after retirement). I stayed with them off and on in the seventies. Whenever possible, I would take a walk after dark to the Geddes entrance > down to the (Huron) river > and back. There would be a utility building on the other side of the river with a solitary bulb burning. One experiences exaggerated ups/downs in their late teens/twenties, and I certainly had my share. When down, I would sit in solitude on the opposite bank and commiserate with that lonely swath of light.
No disagreement. I think all large cap stocks will kick --- the next two years. Good luck with your positions. I'll be the crazy dude speeding in/out of traffic, only to see you exit ahead of me with stronger gains.
Dr. S- Why not trade around your positions? Why not (for instance) have taken at least partial profits on SLW at 47? All I'm saying is I know of no One Way streets in this game. Silver could easily drop to the thirties in the blink of an eye. The last time I traded metals/miners in a significant way was late 2005 to early 2007. It's one hell of a sector to be 'all-in.'
Hate to say it, but I probably went to cash early. Way early. OAKBX closed all of +0.04. Kind of surprised (bummed is a better word) to find my closing balances (somewhat) lower than the March 30 high.
Mr. Market always has the last laugh. Ho ho ho, he he he, ha ha ha.
I was wondering about the after hours double-digit gains in the sector.
http://tinyurl.com/3wpvbvl
Kudos to those of you able to ride the buy/sell waves in silver. I was never able to sleep without at least one eye open while holding significant positions in the sector. The recent shakeout? For me, that would have been more like a wipe out.
Let her out at 98th- just wanted my money back + cab fare back to work, and she was nice enough about it.
...
Dumped her @ 93rd.
Uptown or downtown by noon? Heck if I know.
As soon as I caught your post title, it took me right back to 2006. Silver prices can't help themselves- it's in their nature to sting traders.
http://tinyurl.com/3qgtz6o
We stood on the crest of summer, beneath an oak that blossomed green
Feeling as I did in April, not really knowing what it means
But it must be then that you stand beside me now to make me feel this way
Just as I did in April, but it's a morning in May
Silver down -11%. TZA and VXX cleaned up and looking good. Look out, now- it's a morning in May.
http://tinyurl.com/3m9xncl
Man, if only all musicians had this much fun performing.
If only all traders had this much fun trading. Personally, I'm almost always on an adrenaline high on the playing field.
(Life, of course, usually balances out the highs with the lows: http://en.wikipedia.org/wiki/Lyfe_Jennings)
optionoracle- Man, I'd forgotten all about the rebalancing- thanks.
Anyone notice the high-volume vertical spikes in both stocks in the final minutes? Explanations? Most likely 'explanation' I can come up with is a Flash Launch. A clear example of maximum frustration, should both stocks gap up big time on Monday.
FD: I'm no longer holding either one. And not too happy about it right now.
JMO.
Re OAKBX, I ended up (hopefully) with the last laugh. Watching today's +72-point close on the DJIA, I mentally kicked sand on the drive home for exiting on yesterday's lame +0.04 move (all told, I opened last Wednesday @ 29.26 and closed yesterday @ 29.55). After seeing this afternoon's closing +0.02 print just now, I can manage more than mentally pouring a cold one.
A healthy market does not move up in a straight line. It dips and rises. Periods of backing and filling are required- to shake out weak hands, and to allow strong hands to open/accumulate. A pullback will arrive soon enough. The correct move, IMO, will be to add to/open/reopen positions.
The pullback in RIMM may have already arrived- last time I checked, it was in the Cara 100. For LT buyers, we've likely already seen the lows (maybe multi-year lows) for CSCO/INTC/WFC- personally, I can't seem to shake the short-term trading bug.
I worked for a large US software company for 10 years and it was amazing to see 25 year old girls in San Francisco making 6-figure salaries for hosting corporate visits
They do quite well during recessions also. Most have an enviable work ethic.
Forgot I had starter positions in the above. Sometimes a silver lining ;)
I live just west of Detroit in a little oasis that some around here say has its own reality
My folks lived a few blocks away from the Arboretum (they eventually moved to the Bay Area after retirement). I stayed with them off and on in the seventies. Whenever possible, I would take a walk after dark to the Geddes entrance > down to the (Huron) river > and back. There would be a utility building on the other side of the river with a solitary bulb burning. One experiences exaggerated ups/downs in their late teens/twenties, and I certainly had my share. When down, I would sit in solitude on the opposite bank and commiserate with that lonely swath of light.
Great place to raise kids.
No disagreement. I think all large cap stocks will kick --- the next two years. Good luck with your positions. I'll be the crazy dude speeding in/out of traffic, only to see you exit ahead of me with stronger gains.
Dr. S- Why not trade around your positions? Why not (for instance) have taken at least partial profits on SLW at 47? All I'm saying is I know of no One Way streets in this game. Silver could easily drop to the thirties in the blink of an eye. The last time I traded metals/miners in a significant way was late 2005 to early 2007. It's one hell of a sector to be 'all-in.'
http://tinyurl.com/3txbneq
Hate to say it, but I probably went to cash early. Way early. OAKBX closed all of +0.04. Kind of surprised (bummed is a better word) to find my closing balances (somewhat) lower than the March 30 high.
Mr. Market always has the last laugh. Ho ho ho, he he he, ha ha ha.
If I had to guess, we rally hard Thursday.