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acestocksplayer
THE PRICE OF PLATINUM METAL IS $10 HIGHER THIS MORNING...

PLG is continuing to ramp up...+3.5%

But my trade, IMPUY is not yet reacting....-0.5%

But in all fairness, IMPUY was moving up quite a bit last week when PLG was stalled.
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Enjoy the forum! Thanks, Mike
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Littleshark
treasuries fall on new Trump tweet that he will announce TAX update in 2 to 3 weeks ... market was expecting it to take a year to do tax reductions ...

earlier TLT stuff on the other over $3.00 board today ...
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Littleshark
http://schrts.co/VLmDMa CLF (weekly chart shown) surges on BIG EPS & REV beats ... back to Nov. 2014 high ...


http://schrts.co/msh63G WEEKLY chart since AA split into two companies ...

ACE mentioned http://schrts.co/WUeXug AMD  a week ago ...
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Littleshark
New York Mayor asks all people to stay of the roads as snow storm hits ,,, weather.com had said it could be the heaviest snow event of the year ...

radio news just now said 3000 flight cancellations ,,,

effect on retail stocks ??? & on airline stocks ???

how long will the storm last ??? ... it showed as HUGE over the ocean just off the NE USA coast this morning ...

any members live out there ??? ,,, Sammy could report from NY ...
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Littleshark
http://www.marketwatch.com/story/spicer-says-comprehensive-tax-plan-coming-soon-2017-02-09 ,,, one short paragraph ,,, read it ,,, what will that do for stocks ??? .. position now ???
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acestocksplayer
I BOUGHT 200 SHARES OF PLG THIS MORNING ON THE PRECIOUS METALS PULLBACK....

In at $2.16....now at $2.20.
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
Littleshark wrote: http://www.marketwatch.com/story/spicer-says-comprehensive-tax-plan-coming-soon-2017-02-09 ,,, one short paragraph ,,, read it ,,, what will that do for stocks ??? .. position now ???
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SHARK...Stocks shot higher after that announcement and precious metals went lower...i believe the effect may wear off within a day or so....so holding on to my PM positions.
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
SHARK, there is a bigger story today that the market is ignoring on the downgrade of FRENCH SOVEREIGN DEBT....

this might prove to be volatile for European markets tonight and after....stay tuned!
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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Littleshark
Smith & Wesson is now AOBC ...

VSTO gun & ammo manufacturer gave lower forward guidance and drops 19% ...
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acestocksplayer
Well, bio-tech traders may have something to cheer about again...

Wow, the shorts just can't seem to quite hold this sub-sector down for long....

Case in point is LABU...it broke out of a long symmetrical triangle a few days ago and continued its advance today....it should work its way back up to the rectangle (which is 2 symmetric triangles that make a rectangle if I remember by geometry right?)...and that would be a price target of about $55.

If someone believes in a different price target, speak up. I don't claim to be the expert on price targets coming out of triangles...

LABU daily chart

[image] 


ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
I began a short on the Russell 2000 two days ago...but Da Boyz made it look like I made a dumb bet...  [eek]

Well, so far it looks that way....but look closely at the IWM daily chart....even though there was that pulse to the upside (see the hollow candle pop off the 50 day line)....

That pulse today was on LOWER VOLUME....not exactly a convincing pop there!

So, despite the fact that my TWM calls (TWM is 2x short the Russell) went into a deficit position for me, I held my position as I think the rally today was a sucker's rally....

Well, at least that is the way I see it for now...then again, maybe Da Boyz [sneaky] are planning to make a sucker out of me, huh?  [bawl]

IWM daily chart

[image]
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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Littleshark
Sammy is trying to post a chart ,,, but he is on the wrong board ,,, see the old forum board you brought here ACE ...
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Littleshark
See Sammy post on wrong board ACE ... the old forum board where you brought forward old posts ...

Sammy trying for 2nd time to post a chart .... help him if you can ...
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Littleshark
SHLD reports and beats on Rev's and earnings it looks like ,,, up over $2.00 pre-market ...

gonna decrease debt etc. $1.5billion also ... see news if interested ...

how big will the short rally be ??? ... how long will it last ???


TA comment ,,, http://schrts.co/edSolZ SHLD in BBB chart view ,,, Jan.30 low did NOT have all three lower BB bands "anti-stacked" ,,, current low DID ... ,,, ... SHLD currently $7.68 +$2.14 at the open now ...
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acestocksplayer
I TOOK PRIFITS ON NUGT TODAY....

I gave back of some gains the last two days and shortly after this morning's open, almost all of my gains had drained away...but then NUGT rallied up to $13....

And with the weekend ahead and getting back up to a decent gain, I decided to exit the options position today...Also, I believe the pSar flipped to bearish this morning, and that led me to think I should exit while I could....yep, my gains were a lot higher 48 hours ago before Trump spoke about a "really great tax plan"....

I sold 2 NUGT March 10th $11 calls at $2.50 per share...Gross sale of $500....original cost was $1.74 each on Jan. 31st, so I show a gross profit of $152 on the trade before commissions...for the record, I pay a preferred customer rate of $7 on my options trades, so you do the math if you want....

The percentage gain was 43.6% gross...those who traded the stock rather than the calls would have placed a larger investment to get the same $ gain as me or they would have settled for a lower 15% gain during the time I held.
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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