Re: Ok Prop...I bought NUGT

by Silly Point Thu Feb 20, 2014 3:07 pm

b_A wrote:Well it proved to be a big tease which petered out. The gap is filled. So island reversal is no longer in play. It is off my radar now.

*That's what she said*

Sorry couldn't help.. I am truly sorry about lack of island reversal..

*Komisserating*

KriMo

by harharmahadev Thu Feb 20, 2014 3:56 pm

My limit sell kicked in at 52.2

Put it a buy at 50.1

by smArtha Thu Feb 20, 2014 5:07 pm

b_A wrote:
b_A wrote:
Propagandhi711 wrote:B_a am thinking a big short squeeze is about to begin, don't know if we'll see 30s soon..
It all depends on tomorrow's action. If it gaps down and doesn't fill the gap , then the island reversal pattern will be complete and it is a very bearish pattern. If the pattern is negated then your expected short squeeze can occur.
GDX/NUGT formed inside candles today. Now we have to wait and see if it gaps down or gap gets filled or goes above recent high.

What tools/charts do you guys use for TA - broker provided or the public access yahoo/google finance ones?

by b_A Thu Feb 20, 2014 11:45 pm

smArtha wrote:
b_A wrote:
b_A wrote:
Propagandhi711 wrote:B_a am thinking a big short squeeze is about to begin, don't know if we'll see 30s soon..
It all depends on tomorrow's action. If it gaps down and doesn't fill the gap , then the island reversal pattern will be complete and it is a very bearish pattern. If the pattern is negated then your expected short squeeze can occur.
GDX/NUGT formed inside candles today. Now we have to wait and see if it gaps down or gap gets filled or goes above recent high.

What tools/charts do you guys use for TA - broker provided or the public access yahoo/google finance ones?

I mostly use finviz.com for my charts. stockcharts.com is another good site with lots of custom indicators. I only use MA's ,Trendlines ( to draw the trendlines you need platforms provided by brokers , but I can mentally visualize the line).

by harharmahadev Fri Feb 21, 2014 11:13 am

harharmahadev wrote:My limit sell kicked in at 52.2

Put it a buy at 50.1

Reduced my limit buy... but picked up NUGT at 49.8

by smArtha Fri Feb 21, 2014 1:28 pm

b_A wrote:I mostly use finviz.com for my charts. stockcharts.com is another good site with lots of custom indicators. I only use MA's ,Trendlines ( to draw the trendlines you need platforms provided by brokers , but I can mentally visualize the line).

Yes finviz.com - some colleague had referred me a few months ago and I totally forgot about that. Looks great. Stockcharts.com looks very useful too. Time to get back to some market activity. Thanks for the useful pointers.

by b_A Fri Feb 21, 2014 1:32 pm

Joined you Propa with some LGND calls.

by b_A Fri Feb 21, 2014 1:32 pm

smArtha wrote:
b_A wrote:I mostly use finviz.com for my charts. stockcharts.com is another good site with lots of custom indicators. I only use MA's ,Trendlines ( to draw the trendlines you need platforms provided by brokers , but I can mentally visualize the line).

Yes finviz.com - some colleague had referred me a few months ago and I totally forgot about that. Looks great. Stockcharts.com looks very useful too. Time to get back to some market activity. Thanks for the useful pointers.

Finviz also has a great screening tool.

by Propagandhi711 Sat Feb 22, 2014 8:46 am

Ba: post strike price, option price, expiration etc....I got burnt a little with naked puts so don't play them anymore and keep using lot of money to make chump change (compared to what could be with options)

Smartha I used to have an acct with prophet finance..it had some powerful charting tools

by b_A Sat Feb 22, 2014 3:41 pm

Propagandhi711 wrote:Ba: post strike price, option price, expiration etc....I got burnt a little with naked puts so don't play them anymore and keep using lot of money to make chump change (compared to what could be with options)

Smartha I used to have an acct with prophet finance..it had some powerful charting tools

LGND Mar 75 call at 3.6 - Will add depending on the action.
Will close if LGND goes below 72.35
I think there is a chance that it will go parabolic. I don't want to disclose my target price because I don't want to jinx it.

by Propagandhi711 Mon Feb 24, 2014 7:22 am

So you're buying in the money or near money and not nakeds

by Propagandhi711 Mon Feb 24, 2014 10:44 am

b_a, nice call on gap up

by b_A Mon Feb 24, 2014 1:35 pm

Propagandhi711 wrote:b_a, nice call on gap up

Which call? Smile

. You mean the V-shaped recovery of SPY ?
I added more LGND calls ( mar 80 at 2.0) based on today's action.

by Propagandhi711 Mon Feb 24, 2014 2:38 pm

b_A wrote:
Propagandhi711 wrote:b_a, nice call on gap up

Which call? . You mean the V-shaped recovery of SPY ?
I added more LGND calls ( mar 80 at 2.0) based on today's action.

take a look at mannkind, another speculative bio...it seems to be poised for a run to 8 or 9 in short term. I have a small position in it

by b_A Mon Feb 24, 2014 11:47 pm

Propagandhi711 wrote:
b_A wrote:
Propagandhi711 wrote:b_a, nice call on gap up

Which call? . You mean the V-shaped recovery of SPY ?
I added more LGND calls ( mar 80 at 2.0) based on today's action.

take a look at mannkind, another speculative bio...it seems to be poised for a run to 8 or 9 in short term. I have a small position in it

I already have a position in MNKD. Will add if it closes above the trendline.
INO is one of my positions. It had a nice looking breakout today. Looks a little extended for starting new postions but will be a very good buy if it pulls back to near 3.1

by b_A Tue Feb 25, 2014 1:24 pm

I am watching BBRY now for a trade.

by Propagandhi711 Fri Mar 14, 2014 10:46 am

nugt at 58, going to 70 if this china and ukraine mess continues.
PS: glad I got out of that 3D printing arena just as their momentum broke

by harharmahadev Fri Mar 14, 2014 11:05 am

Propagandhi711 wrote:nugt at 58, going to 70 if this china and ukraine mess continues.
PS: glad I got out of that 3D printing arena just as their momentum broke

I sold at 52.5 ... got back at 50. Awesome ride this one.

My FB puts are going good too!

by nevada Fri Mar 14, 2014 11:31 am

Prop, great call man! You were in on the gold train like months ago and the sheeple are getting on board only now.

by Marathadi-Saamiyaar Fri Mar 14, 2014 12:06 pm

I bought

N U G T

Just thought would let you all know... affraid

by harharmahadev Fri Mar 14, 2014 12:29 pm

Marathadi-Saamiyaar wrote:I bought

N U G T

Just thought would let you all know...

That means it's time to sell!!

by nevada Fri Mar 14, 2014 12:33 pm

harharmahadev wrote:
Marathadi-Saamiyaar wrote:I bought

N U G T

Just thought would let you all know...

That means it's time to sell!!

+1.

by Propagandhi711 Fri Mar 14, 2014 1:13 pm

nevada wrote:Prop, great call man! You were in on the gold train like months ago and the sheeple are getting on board only now.

stopped clock is right twice a day atleast but yeah I got lucky with this

by nevada Fri Mar 14, 2014 1:23 pm

Propagandhi711 wrote:
nevada wrote:Prop, great call man! You were in on the gold train like months ago and the sheeple are getting on board only now.

stopped clock is right twice a day atleast but yeah I got lucky with this

No man, don't underrate yourself. You seem to be good at spotting trends - you were on steel stocks before they took off, rode the 3d printing wave quite well, and proved correct with a contrarian bet on gold when everyone was calling for gold to go below 1000.

by Propagandhi711 Fri Mar 14, 2014 1:33 pm

nevada wrote:
Propagandhi711 wrote:
nevada wrote:Prop, great call man! You were in on the gold train like months ago and the sheeple are getting on board only now.

stopped clock is right twice a day atleast but yeah I got lucky with this

No man, don't underrate yourself. You seem to be good at spotting trends - you were on steel stocks before they took off, rode the 3d printing wave quite well, and proved correct with a contrarian bet on gold when everyone was calling for gold to go below 1000.

in pokers there's a term called run-good. it's when the coin flip lands in your favor more than even odds. it happens to everyone time to time. I'm enjoying it now, hopefully will be wise enough to cut losses when tide turns against me in run-bad

by Marathadi-Saamiyaar Thu Mar 20, 2014 12:20 pm

harharmahadev wrote:
Marathadi-Saamiyaar wrote:I bought

N U G T

Just thought would let you all know...

That means it's time to sell!!

See I told ya... Stock market is one thing I predict very well. When I buy it goes down, and once I sell it goes up...More reliable than any candle and Gap crap.

by harharmahadev Mon Mar 24, 2014 10:59 am

Marathadi-Saamiyaar wrote:
harharmahadev wrote:
Marathadi-Saamiyaar wrote:I bought

N U G T

Just thought would let you all know...

That means it's time to sell!!

See I told ya... Stock market is one thing I predict very well. When I buy it goes down, and once I sell it goes up...More reliable than any candle and Gap crap.

You jinxed it, man!! Why? Why?

by Marathadi-Saamiyaar Mon Mar 24, 2014 11:22 am

harharmahadev wrote:
Marathadi-Saamiyaar wrote:
harharmahadev wrote:
Marathadi-Saamiyaar wrote:I bought

N U G T

Just thought would let you all know...

That means it's time to sell!!

See I told ya... Stock market is one thing I predict very well. When I buy it goes down, and once I sell it goes up...More reliable than any candle and Gap crap.

You jinxed it, man!! Why? Why?

I sold at around 50 and still lost quite a bit. I wanted to get into day trading after the dot.com burst, and got a smack on my head.

In essence, I have not lost my touch.... Razz

by nevada Mon Mar 24, 2014 12:17 pm

Marathadi-Saamiyaar wrote:
harharmahadev wrote:
Marathadi-Saamiyaar wrote:
harharmahadev wrote:
Marathadi-Saamiyaar wrote:I bought

N U G T

Just thought would let you all know...

That means it's time to sell!!

See I told ya... Stock market is one thing I predict very well. When I buy it goes down, and once I sell it goes up...More reliable than any candle and Gap crap.

You jinxed it, man!! Why? Why?

I sold at around 50 and still lost quite a bit. I wanted to get into day trading after the dot.com burst, and got a smack on my head.

In essence, I have not lost my touch....

3x ETFs like NUGT can shoot up quickly or collapse very quickly too. NUGT has fallen below 10 and reverse split several times. Just look at this 2 year chart to see how drastically it has fallen. If trading something like NUGT, better be an early trend spotter like Prop and get in rather than be late
and end up as a bagholder.
Ok Prop...I bought NUGT - Page 2 Z?s=NUGT&t=2y&q=l&l=on&z=l&a=v&p=s&lang=en-US&region=US

Ok Prop...I bought NUGT - Page 2 Z?s=NUGT&t=2y&q=l&l=on&z=l&a=v&p=s&lang=en-US&region=US

by Propagandhi711 Mon Mar 24, 2014 4:02 pm

nevada wrote:
Marathadi-Saamiyaar wrote:
harharmahadev wrote:
Marathadi-Saamiyaar wrote:
harharmahadev wrote:

That means it's time to sell!!

See I told ya... Stock market is one thing I predict very well. When I buy it goes down, and once I sell it goes up...More reliable than any candle and Gap crap.

You jinxed it, man!! Why? Why?

I sold at around 50 and still lost quite a bit. I wanted to get into day trading after the dot.com burst, and got a smack on my head.

In essence, I have not lost my touch....

3x ETFs like NUGT can shoot up quickly or collapse very quickly too. NUGT has fallen below 10 and reverse split several times. Just look at this 2 year chart to see how drastically it has fallen. If trading something like NUGT, better be an early trend spotter like Prop and get in rather than be late
and end up as a bagholder.

it's a high risk trading vehicle that you can make money on if you get the entry and exit points right. most of us get one of the two (or both) wrong...

by rawemotions Mon Mar 24, 2014 4:19 pm

At the least there is a short term trend reversal, so 27.8,25.8,24.5 might be new support values. Is NUGT setup,to always reduce like VXX due to contango ?

by Propagandhi711 Mon Mar 24, 2014 4:25 pm

am going to short QQQ until 3800 or so

by rawemotions Mon Mar 24, 2014 5:15 pm

Since you skipped the previous support level of 4000, are you saying that Bull Market is going to reverse and this is the start of Bear Market ?

by Propagandhi711 Mon Mar 24, 2014 5:19 pm

rawemotions wrote:Since you skipped the previous support level of 4000, are you saying that Bull Market is going to reverse and this is the start of Bear Market ?

saw some analysis that said nasdaq hasn't had consolidation phase in 18 months which is extremely unusual. 150dma is <3700, so even if there's half way retracement, it'll be around 3800 in intermediate term. it's not a bear market for sure, just overdue consolidation...

by harharmahadev Wed Mar 26, 2014 2:00 pm

NUGT - DAMN YOU!!

by Propagandhi711 Thu Apr 10, 2014 4:00 pm

Propagandhi711 wrote:am going to short QQQ until 3800 or so

sweet, NAZ in freefall to support levels. watch out below

by harharmahadev Thu Apr 10, 2014 4:10 pm

Propagandhi711 wrote:
Propagandhi711 wrote:am going to short QQQ until 3800 or so

sweet, NAZ in freefall to support levels. watch out below

Nice downward action today. I think this will continue...

by Propagandhi711 Thu Apr 10, 2014 4:24 pm

harharmahadev wrote:
Propagandhi711 wrote:
Propagandhi711 wrote:am going to short QQQ until 3800 or so

sweet, NAZ in freefall to support levels. watch out below

Nice downward action today. I think this will continue...

chart says so, watch breakdown below support levels:

Ok Prop...I bought NUGT - Page 2 20140409

by harharmahadev Thu Jun 19, 2014 12:00 pm

Good bounce today.

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