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Energy
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Energy
This stock line (linn energy) took at 50% haircut this week due to some problems with sec enquiries and so on...am waiting for my buy order to hit at 20 after today's short covering subsides. Will buy again if it drops to 15. Risky buy but have a hunch
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Energy
FYI , it is an LLC not Inc. It requires filing schedule-k1 which complicates the tax filing. Many of the tax preparers are also unfamiliar with these kind of schedule k-1s. If you are buying it in the IRA account, you will be OK. If buying in a taxable account, beware.
b_A- Posts : 1642
Join date : 2011-05-08
Re: Energy
No shit..I already have LLC related headache. What do you think bat it's prospects? Nice call on ddd top at 48...it seems to be encountering heavy resistance at 47ish
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Energy
Bought some DDD short term calls on friday. My short term target is 54ish.
It may pull back to 45 near term and I may add more if it does. The stop for the whole position is currently at 43.8 . I will adjust the stop according to its behavior.
It may pull back to 45 near term and I may add more if it does. The stop for the whole position is currently at 43.8 . I will adjust the stop according to its behavior.
b_A- Posts : 1642
Join date : 2011-05-08
Re: Energy
B-a,
are your numbers based on technical analysis? Is there a specific type of charting technique do you use? If you use fundamentals ddd is in stratosphere.
Or are these numbers mere guesswork? ( not trying to be negative or critical but trying to understand trading logic).
are your numbers based on technical analysis? Is there a specific type of charting technique do you use? If you use fundamentals ddd is in stratosphere.
Or are these numbers mere guesswork? ( not trying to be negative or critical but trying to understand trading logic).
truthbetold- Posts : 6799
Join date : 2011-06-07
Re: Energy
Growth stock valuations are always in stratosphere in early stages...
Ba what do u think bat line...would you risk buying when there's an enquiry?
Ba what do u think bat line...would you risk buying when there's an enquiry?
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Energy
Prop,
trading requires homework and constant attention.I could not find time and stopped trading for few months. I do not know how the chart looks like today.
3d Manf is good but unlike software it will take a long time to evolve. At these prices it is not good investment. Trading is a different issue. You have a better grasp on that than me.
Facts are interestrates are going up and us economy is on sure footing. Banks are good investment.
Turkey could be a roller coaster ride but a reasonable risk.
trading requires homework and constant attention.I could not find time and stopped trading for few months. I do not know how the chart looks like today.
3d Manf is good but unlike software it will take a long time to evolve. At these prices it is not good investment. Trading is a different issue. You have a better grasp on that than me.
Facts are interestrates are going up and us economy is on sure footing. Banks are good investment.
Turkey could be a roller coaster ride but a reasonable risk.
truthbetold- Posts : 6799
Join date : 2011-06-07
Re: Energy
truthbetold wrote:B-a,
are your numbers based on technical analysis? Is there a specific type of charting technique do you use? If you use fundamentals ddd is in stratosphere.
Or are these numbers mere guesswork? ( not trying to be negative or critical but trying to understand trading logic).
TBT ,
For a short term trader like me , the fundamental analysis is of little to no use.
I rely on Technical Analysis - patterns, trendlines, MAs etc.
b_A- Posts : 1642
Join date : 2011-05-08
Re: Energy
Propagandhi711 wrote:
Ba what do u think bat line...would you risk buying when there's an enquiry?
Sorry , I have no idea about LINE.
b_A- Posts : 1642
Join date : 2011-05-08
Re: Energy
B-a,b_A wrote:truthbetold wrote:B-a,
are your numbers based on technical analysis? Is there a specific type of charting technique do you use? If you use fundamentals ddd is in stratosphere.
Or are these numbers mere guesswork? ( not trying to be negative or critical but trying to understand trading logic).
TBT ,
For a short term trader like me , the fundamental analysis is of little to no use.
I rely on Technical Analysis - patterns, trendlines, MAs etc.
Just trying to understand trading logic.
. As long as risk levels are understood, you can make money different ways.
truthbetold- Posts : 6799
Join date : 2011-06-07
Re: Energy
well this certainly sucks, LINE is up 12% today.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Energy
looks like miners have hit a bottom and there's some consolidation going on. CLF, walther energy(WLT), peabody (BTU), ANR etc are moving off their bases on strong volume. I think energy related companies (including mining cos) will move big this summer
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: Energy
Propagandhi711 wrote:looks like miners have hit a bottom and there's some consolidation going on. CLF, walther energy(WLT), peabody (BTU), ANR etc are moving off their bases on strong volume. I think energy related companies (including mining cos) will move big this summer
30% return on WLT already. yeehah...and 8% on LINE from my entry point. still kicking myself for not buying at 20.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
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