Quantum's investment thread

[quantumleap]

Just a synopsis since the beginning of this thread:

1-31
Called for gold to go lower so I bought DZZ. The following day it went higher but the day after it went lower than the 1-31 price.

2-4
Called for the market to go higher. Market reversed and went higher the following day.

2-5
Called for the market to continue to go higher. It went down on Monday but turned upward on Tuesday and went higher than the close on 2-5.

2-12
Called for the market to go higher throughout the day which it did.

 

[kuwlness]

Just a synopsis since the beginning of this thread:

1-31
Called for gold to go lower so I bought DZZ. The following day it went higher but the day after it went lower than the 1-31 price.

2-4
Called for the market to go higher. Market reversed and went higher the following day.

2-5
Called for the market to continue to go higher. It went down on Monday but turned upward on Tuesday and went higher than the close on 2-5.

2-12
Called for the market to go higher throughout the day which it did.

Keep at it Quantum. Stick to your guns.

 

[quantumleap]

Speculating that the market and gold will go down from here. I bought DZZ late in the day. Just so I won't be accused of cherry picking a good price during the day and posting later, I'll post the end-of-day price of 14.13.

 

[quantumleap]

Keep at it Quantum. Stick to your guns.

Thanks kuwlness.

Might take another look at oil. Any good sources for reading?

 

[kuwlness]

Thanks kuwlness.

Might take another look at oil. Any good sources for reading?

I'm a little wary of oil right now. Energy/Oil doesnt sit well with me, not with the Iran-Israel geopolitical tension.

I'm sidelined for the time being. Flipped out of my NEP common and Calls and am sticking with LPIH as my only oil exposure. LPIH/NEP arent ETFs, just China Oil companies, so you probably wouldnt be interested.

 

[quantumleap]

Speculating that the market and gold will go down from here. I bought DZZ late in the day. Just so I won't be accused of cherry picking a good price during the day and posting later, I'll post the end-of-day price of 14.13.

Looks like gold went up instead of down. The price on DZZ is 13.36 pre-market which is a 5.4% loss. I think I'll put a limit on the price and sell if it gets to 13.25. I still believe the price of gold will go down (and DZZ will go up) but I am limiting exposure here and can buy DZZ at a later time.

 

[quantumleap]

DZZ never got down to 13.25 so I'm still holding from 14.13. The price of gold dropped after theh market close from 1025 to 1100 now and dropping so if this continues my DZZ should be ok. I bought DZZ when gold was at about 1087 an ounce.

We'll see tomorrow if this continues. If it does, it seems as though my prediction of the gold price dropping was off a couple days.

 

[kuwlness]

DZZ never got down to 13.25 so I'm still holding from 14.13. The price of gold dropped after theh market close from 1025 to 1100 now and dropping so if this continues my DZZ should be ok. I bought DZZ when gold was at about 1087 an ounce.

We'll see tomorrow if this continues. If it does, it seems as though my prediction of the gold price dropping was off a couple days.

Up nicely in AH:

After Hours: 13.92

0.38 (2.81%) 7:41pm ET

 

[quantumleap]

Up nicely in AH:

After Hours: 13.92

0.38 (2.81%) 7:41pm ET

I was just looking at that.

:toast:

The price of gold seems to have stalled out at just around 1100. Not much going on overnight. It might get more interesting early in the morning.

~~:<<

 

[quantumleap]

I was just looking at that.

:toast:

The price of gold seems to have stalled out at just around 1100. Not much going on overnight. It might get more interesting early in the morning.

~~:<<

Gold went back up to 1125 today and promptly dropped back to 1100 after the Fed announced interest rates were going up to 0.75%. It almost seems to be artificially held at 1100. I wonder if trades are triggered if it gets below that so it is propped up above that to prevent computers from over-reacting.

Futures are a sea of red so it will be interesting to see how this carries over into the market on Friday and how much that will affect gold.

 

[mr21]

The market will open lower in the morning and will soar tomorrow afternoon. This is one of those rare moments when you can make a killing on a quick trade. Short everything related to mining, materials and metals in the morning and buy them back cheap in the afternoon. Tech stocks, industrials, and probably banking stocks will go up in the afternoon.
This should be interesting.

 

[quantumleap]

The market will open lower in the morning and will soar tomorrow afternoon. This is one of those rare moments when you can make a killing on a quick trade. Short everything related to mining, materials and metals in the morning and buy them back cheap in the afternoon. Tech stocks, industrials, and probably banking stocks will go up in the afternoon.
This should be interesting.

Tanks for the advice mr21. I'll be setting some stops early in the morning before going to work.

 

[quantumleap]

Gold is up in pre-market to 1114. I might have to take a loss with DZZ. The pre-market price is 13.56.

Since I cannot post during the day, for the purposes of this thread I will set a stop at 13.50.

 

[erwinmark]

If you believe in George Soros's reflexivity, gold looks to have put in a bottom and now moves higher.

 

[quantumleap]

If you believe in George Soros's reflexivity, gold looks to have put in a bottom and now moves higher.

"The wily hedge fund legend was seen in the past few months talking down gold (GLD) [etf) and calling it a "bubble". Yet what was George doing in the fourth quarter? Doubling his stake. So either he changed his mind in January 2010, or he was doing the opposite of what most people do... that is talking up their book."

Looks like George is talking down GLD to get it at a lower price.

hno:

 

[quantumleap]

Here is the scorecard. The first 3 trades I mentioned 1-31, 2-4 and 2-5 all went the way I said they would so I am 4-1.

Trade#..Symbol..Bought..Sold..%
--------------------------
1 DGP 25.00 25.25 +1.00%
2 DZZ 14.13 13.50 -4.46%

 

[kuwlness]

"The wily hedge fund legend was seen in the past few months talking down gold (GLD) [etf) and calling it a "bubble". Yet what was George doing in the fourth quarter? Doubling his stake. So either he changed his mind in January 2010, or he was doing the opposite of what most people do... that is talking up their book."

Looks like George is talking down GLD to get it at a lower price.

Soros is doing the same thing with China. His take is China is a bubble and he's been on TV talking about it. What a joke ... but, this is what big money and the talking heads on TV do.

Your best investment decision ever is to turn off CNBC and TV, and the media in general, and make your own opinion and stick to it.

The talking heads will always be extremely bullish or extremely bearish, it's their nature. They either want to talk stocks/commodities down to load up ... or they want to talk them up so they can get a better short entry position.


Stick to your guns ... 'nuff said.

 

[quantumleap]

I'm a little wary of oil right now. Energy/Oil doesnt sit well with me, not with the Iran-Israel geopolitical tension.

I'm sidelined for the time being. Flipped out of my NEP common and Calls and am sticking with LPIH as my only oil exposure. LPIH/NEP arent ETFs, just China Oil companies, so you probably wouldnt be interested.

Looking to take a bullish position in oil. I think now is the time it climbs.

I'll post my investments Thursday morning.

 

[erwinmark]

I have read several things about oil, and this time might be different, but it can be a very long road up for oil, if the recovery stalls out.

 

[erwinmark]

Also if oil runs up too much, it can kill the recovery.