Stock Market Again

[vintner Super Moderator Find all posts View Profile Close vintner]

Wahoo

I think that says it all.

Today is a day that pays for airline tickets to a nice resort where I can be on the beach with a good kite, and finish the day with a nice drink.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I put in a sell bid of $27 to sell my Canadian oil stock, ATEF is hovering around that mark right now.

All my stocks are up nicely today.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I put in a sell bid of $27 to sell my Canadian oil stock, ATEF is hovering around that mark right now.

Like normal I goofed I sold at $27 stock skyrockets from there to a 52 week high and is now at $27.15 , I should have held out

[vintner Super Moderator Find all posts View Profile Close vintner]

Like normal I goofed I sold at $27 stock skyrockets from there to a 52 week high and is now at $27.15 , I should have held out

You think that is something, I sold MOS last week and took my 20something percent profit. Since then, it has gone up another $15 or so. That is a reason to .

I bought CAM today, oil stock. $195 on that 100 shares today. Have another oil stock, made enough on it just today to fill my tank most of the summer. Ag stocks did well for me today too. Very happy guy today.

[vintner Super Moderator Find all posts View Profile Close vintner]

I know it isn't nice to blow my horn like that, but this was exceptional day for me.

I am sitting here, working on my power point presentation for tomorrow nights stock market user group meeting. I have to try to show some trading charts patterns of the tools that we use, and how to take advantage of the patterns.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I was up 4% today, NYB, HRP,Jdsu, Cmgi all led the way. This has to be one of my best preforming days for a while. I just wish I now did not sell that oil stock but we will see if Stocks sell off by Friday, If so I want more Hrp since they pay a Div to all holders on record for one day next week.

[Oracle Senior Member Find all posts View Profile Close Oracle]

Back in Jan/06

I bought gold stocks and gold coins back in 98 or 99, but I don't brag about it. Lots of people bought precious metals when the market started to turn south with the tech bubble crash.

I would not advise someone to buy gold now when it's at lofty highs. Not even to "diversify".

At $560/oz there was room for a 8-9% return. $600-$620/oz is achievable in the near term. The bullion banks and Governments are not in a selling mood right now. Back in the late 90's Europe dumped a lot of gold in the market to prop up the Euro. The current strength of the Euro and high demand for gold in general has led to a shortage that will not abate soon. If there is a crisis with Iran over their nuclear program, we could see a real spike, but I think a hot crisis is unlikely at this time.

If you decide to invest in gold; stay away from "rare" coins whose price is inflated beyond the value of the gold content. At this time I would look to a reputable gold pool fund because small purchases of gold are at a premium with most discount sellers requiring a purchase of at least $10,000.

What a difference a couple of years make; $560/oz to $1020/oz. I cashed out at $1006/oz and bought back in at $950/oz.

Even at these prices, it still is a good investment. Anything the government does in the next 9 months will devalue the dollar.

[Elan Senior Member Find all posts View Profile Close Elan]

Where to from here? The S&P just completed another run to the high 1300's and looks to be headed down again. A retest of the Jan lows wouldn't surprise me. There wasn't much volume on the run up from the mid-Maarch lows. But I'm probably wrong.........

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I was away this week but just saw many of my trades took. Sold some NYB at $19.25 bought more hrp at $7.15 after selling my Aetuf which I sold cheap since it went up over $2.80 from what I sold it but now it is over a doller less than what I sold it at.

[vintner Super Moderator Find all posts View Profile Close vintner]

I lost the use of my laptop at work, boss's orders, so now can't monitor the stocks. I have made good gains on several stocks, 15-30%, so I set tight stops. Most of them have stopped out with the drop in the market. I am now about 80% in cash. I think I am up $12.00 today on the little stocks I have left. I will do some shopping this weekend.

[Miss Understood Member Find all posts View Profile Close Miss Understood]

Back in Jan/06What a difference a couple of years make; $560/oz to $1020/oz. I cashed out at $1006/oz and bought back in at $950/oz.

Even at these prices, it still is a good investment. Anything the government does in the next 9 months will devalue the dollar.

I'm with you on this opinion. Gold could pull back to $850 or even 820, but it had a fast run to $1000 with no big pullbacks, so we were due. Longer term, $2,000 is not at all unreasonable.

[vintner Super Moderator Find all posts View Profile Close vintner]

I'm with you on this opinion. Gold could pull back to $850 or even 820, but it had a fast run to $1000 with no big pullbacks, so we were due. Longer term, $2,000 is not at all unreasonable.

I am not jumping on the long term gold. Gold, like most items, runs in highs and lows. If you look at the 5 year chart on GLD (a gold tracking stock-not direct to the price of gold but tracks the movement) you can see that in Jan. 06, the stock first hit 55. It hit 60 in March. Boom, up to 72 in May. But then bust, back down to 55 in June. It bounced around between 55 and 65 until if finally broke out in Aug 07. That is a year and 3/4 of trading sideways.

Fast forward to...March. Gold stock GLD hit a high of 100 in mid March. It quickly dropped and has been around 85-90 since then. Could it trade sideways for a year? Sure, but know one knows.

This stock goes sideways, breaks out, hits a high and then drops and repeats the cycle. I am not going into gold stocks for a while.

All based on my opinion.

[Oracle Senior Member Find all posts View Profile Close Oracle]

Gold is entering the summer doldrums, but this will provide a good buying opportunity if you have not already invested in the yellow metal. I'm waiting to see what the Fed does before deciding what how I want to change my portfolio.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

NYB was rocketing today so I sold all my shares at $19.50, hope I did right.

[vintner Super Moderator Find all posts View Profile Close vintner]

I hate that I can't use my laptop at work anymore. I had all my stock information at my fingertips. Plus, I was getting audio commentary from a trading site, what is happening, what stocks are hitting resistance or support levels, if news was happening and how the market was dealing with that news. I know I would have been better this week with the laptop than I have been without it.

Whining mode off.