I hate the spin people are putting on Buffett’s $5bil investment into BAC. The man isn’t trying to stabilize the US economy…he’s trying to make money! Dividends and buyout options are a no brainer for him there.
This proves INFLATION is going to press on and BAC is “too big to fail”. Heed this warning IMO. I’ll be “buying the f’in dips” I guess. LOL
http://www.tradersbase.com/2011/09/06/precious-metals-gold-silver-losing-luster/
My thoughts on metals at the moment. Subject to change of course. 
I am just happy my gain in silver leveled out my loss in my 401k. Waiting for silver to drop back down into the 20’s to buy some more…after my wedding.
Nice. Congrats. 20’s would be where I’d start buying in as well I think.
Hopefully nobody was long NFLX. Anyone looking to play volatility crush on this pig considering the insane plummet?
The front month $130’s are only $4 ITM but are fetching premiums of $14. Even a minor bounce would bring some nice profit.
Tempting but I don’t have the capital to sell options on something that volatile, I could wipe out my whole (reduced since I pulled a bunch out) stack.
I sold out of TVIX at 77.20 last week after getting in at 38.60 for exactly 100% profit. Happened to randomly catch an intraday top. Bought back in at 57.20 two days later. Counterbalancing it with some FAS that I picked up on the cheap at 12.
came across this.
http://milliondollar.cnbc.com/
seems like a fun thing to take a shot at if you know what you are doing. Which I really don’t
:tspry:
Silver almost back to a nice buying point.
That…or you just sold at a great time. 
I’m targeting gold in the mid 1500’s personally (monthly 8ma).
Silver in the low $30’s has support but if this is a bigger deflationary signal that may not hold.
I forgot about writing this…I haven’t had much time for the website lately with work. 8/
I’m sure the hype monsters thought I was nuts on the sites I posted the blog on. 
Nice exit Penfold. And nice on TVIX Joe.
If I sell my car I might try to invest the money, might be contacting you in the future!
Getting very close to a UCO play. These leveraged ETF’s will murder you if get in a long term relationship with them but they are great slam pieces.
Trader talks about the Euro market and the coming crash…
Saying people are moving the money out of the Euro markets and into more secure assets like “the US dollar”
Sadly (depending on how you look at it) the USD is still the global reserve currency and we are surely considered “secure” in comparison.
How bout that PM blog post? MUAHAHAHAHAHHAH. /evil laugh
Interesting time here…D day for metals and the DOW anyhow. We’re at levels that are crucial if the bulls want to defend their trend. Stay tuned fellas.
http://www.tradersbase.com/2011/09/29/netflix-slaughter-stop-nflx/
Finally had time to to a blog post. This one is on NFLX which has TANKED but is approaching support and is in need of a relief rally before new bear interest is likely to enter.
Metals are nearing support as well on the back of my 9/6 blog. 8)
What are you guys watching? Anything catching your eyes?
Anyone see bond yields lately? Recession 2.0 coming? I suspect yes.
My car should be sold next friday, hopefully if the market crashes its a little after that so I can maybe invest.
IMO it’s about to get interesting!
Recession 2.0 has begun? Looks like ALOT of money has been flowing into bonds of all terms. Only the 30 year remains above the cyclical low at this stage though they are all well into a downtrend now. Metals falling off strong seems to backup this deflationary bias. Might get interesting! Thoughts fellas?
My thoughts are I don’t know what the hell those graphs mean lol, I understand that investing is basically a gamble, I don’t know how I would even choose what stock to invest in. I definitely will have a good chunk of change to hopefully muiltiply.
To multiply or to lose. Don’t play with money you haven’t written off mentally is my first tip. By all means…do NOT start off swinging for the fences. Start small with the understanding that you are probably going to lose as you learn. Then it’s not so much a gamble.
It’s a gamble if you don’t know charts or some other method to give an edge. Charts aren’t a grail but they tell you when to buy or sell so that risk/reward ratios smile in your favor.