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Post by ilovekauai on Jun 24, 2016 12:59:42 GMT -5
Yes, MF is a tool for BP IMO. I stopped reading their "articles" many moons ago, as well as SA, unless it's a RS article who I respect. Got better things to do with my time. Go MNKD. Aloha.
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Post by factspls88 on Jun 24, 2016 13:20:56 GMT -5
I went to cash plus gold and silver along with some ultra short ETF's (QID, TWM) when the likes of Soros, Drukenmiller and Icahn recently began talking about a big collapse. I was a little early so I can't say I am doing cartwheels right now but I'm not unhappy either. I listened to Soros and others just before the financial crisis and got out near the highs. Can't say I wasn't concerned about holding my positions for the Brexit vote, just relieved it went my way. The only equities I hold are MNKD (my full position) and XON (small position). Action on MNKD doesn't surprise me today - don't ask me why. For some reason it tends to hold (to a point) when the market is taking a dive. As for XON - I decided to hold it as a long term play. That said, I am prepared to take some hits on MNKD and will weather them just as I have throughout this long ordeal. And as I always say with respect to MNKD, "I've been down so long it looks like up to me."
Regarding the market, I don't think we're done yet. The charts have been topping out for some time, there's a huge head and shoulders pattern, and the ripple effects of Brexit have yet to have been completely felt imho. A 50% fibonnaci retracement of the financial crisis low to the all time high would put the S&P at 1400. I think this is possible. At a minimum I would say we'll go to 1600, which is a 38.2% retracement. This is not advice - just my opinion, and I have been hugely wrong before. Good luck all.
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Post by Deleted on Jun 24, 2016 13:36:01 GMT -5
I went to cash plus gold and silver along with some ultra short ETF's (QID, TWM) when the likes of Soros, Drukenmiller and Icahn recently began talking about a big collapse. I was a little early so I can't say I am doing cartwheels right now but I'm not unhappy either. I listened to Soros and others just before the financial crisis and got out near the highs. Can't say I wasn't concerned about holding my positions for the Brexit vote, just relieved it went my way. The only equities I hold are MNKD (my full position) and XON (small position). Action on MNKD doesn't surprise me today - don't ask me why. For some reason it tends to hold (to a point) when the market is taking a dive. As for XON - I decided to hold it as a long term play. That said, I am prepared to take some hits on MNKD and will weather them just as I have throughout this long ordeal. And as I always say with respect to MNKD, "I've been down so long it looks like up to me." Regarding the market, I don't think we're done yet. The charts have been topping out for some time, there's a huge head and shoulders pattern, and the ripple effects of Brexit have yet to have been completely felt imho. A 50% fibonnaci retracement of the financial crisis low to the all time high would put the S&P at 1400. I think this is possible. At a minimum I would say we'll go to 1600, which is a 38.2% retracement. This is not advice - just my opinion, and I have been hugely wrong before. Good luck all. Check out NUGT for gold. Its leveraged three times, and you can lose your shirt but if you get a handle on it you can make nice money. You can hedge with Dust as its inverse. MNKD action surprised me and then it didnt but it could be people covering as other losses are mounting up. I just cant see outside of metals how every stock wont be impacted by this.
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Post by factspls88 on Jun 24, 2016 13:42:00 GMT -5
Check out NUGT for gold. Its leveraged three times, and you can lose your shirt but if you get a handle on it you can make nice money. You can hedge with Dust as its inverse. MNKD action surprised me and then it didnt but it could be people covering as other losses are mounting up. I just cant see outside of metals how every stock wont be impacted by this. Re MNKD action - You are probably right, but for now I am hanging on. I'll check out NUGT. Right now I just hold GLD. Wish I had bought an ultra long on it.
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Post by ilovekauai on Jun 24, 2016 15:05:24 GMT -5
12.71 M shares traded today?!! How did that happen? More shenanigans with HFT for sure, and the SP moves 1 cent. Grrrr.
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Post by liane on Jun 24, 2016 15:08:19 GMT -5
But we finished green!
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Post by gamblerjag on Jun 24, 2016 15:12:25 GMT -5
and up a/h.. which is nice to see... albeit .02 cents.. but better than red...
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Post by ilovekauai on Jun 24, 2016 15:18:50 GMT -5
Agree. I'm just a little frustrated today after this BritExit episode. I'll be fine, move on, and hope this blows over soon. Aloha.
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Post by nylefty on Jun 24, 2016 15:19:08 GMT -5
Glad I have some SDS (ProShares UltraShort S&P500), which was up 7.23 percent today. My overall portfolio was actually UP 0.46 percent.
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Post by sportsrancho on Jun 24, 2016 15:19:49 GMT -5
factsplus, great job! Agree! I'm so glad my friends with mutual funds in their 401k's have gone to cash! I'm out of all other stocks as of this morning except MNKD and EXAS. I made some nice gains off WYNN and when the market reaches your target I will jump back in.
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Post by kc on Jun 24, 2016 16:04:50 GMT -5
12.71 M shares traded today?!! How did that happen? More shenanigans with HFT for sure, and the SP moves 1 cent. Grrrr. Big Big volume in over 30,000 share blocks.
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Post by boytroy88 on Jun 26, 2016 12:43:49 GMT -5
I went to cash plus gold and silver along with some ultra short ETF's (QID, TWM) when the likes of Soros, Drukenmiller and Icahn recently began talking about a big collapse. I was a little early so I can't say I am doing cartwheels right now but I'm not unhappy either. I listened to Soros and others just before the financial crisis and got out near the highs. Can't say I wasn't concerned about holding my positions for the Brexit vote, just relieved it went my way. The only equities I hold are MNKD (my full position) and XON (small position). Action on MNKD doesn't surprise me today - don't ask me why. For some reason it tends to hold (to a point) when the market is taking a dive. As for XON - I decided to hold it as a long term play. That said, I am prepared to take some hits on MNKD and will weather them just as I have throughout this long ordeal. And as I always say with respect to MNKD, "I've been down so long it looks like up to me." Regarding the market, I don't think we're done yet. The charts have been topping out for some time, there's a huge head and shoulders pattern, and the ripple effects of Brexit have yet to have been completely felt imho. A 50% fibonnaci retracement of the financial crisis low to the all time high would put the S&P at 1400. I think this is possible. At a minimum I would say we'll go to 1600, which is a 38.2% retracement. This is not advice - just my opinion, and I have been hugely wrong before. Good luck all. Check out NUGT for gold. Its leveraged three times, and you can lose your shirt but if you get a handle on it you can make nice money. You can hedge with Dust as its inverse. MNKD action surprised me and then it didnt but it could be people covering as other losses are mounting up. I just cant see outside of metals how every stock wont be impacted by this. Just a FYI, NUGT & DUST are not tied directly to gold but rather gold miners. So even when gold moves those two ETFs doesn't necessarily move with it.
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Post by brotherm1 on Jun 26, 2016 20:00:07 GMT -5
We might see a bit if a correction in our markets, particularly with companies doing businessnin Europe. I think though money should flow from European markets into the US markets? Where's our UK MNKD.proboards correspondent with an update for us?
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Post by peppy on Jun 26, 2016 20:02:09 GMT -5
We might see a bit if a correction in our markets, particularly with companies doing businessnin Europe. I think though money should flow from European markets into the US markets? Where's our UK MNKD.proboards correspondent with an update for us? I am hoping for short covering on the currency moves.
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Post by brotherm1 on Jun 26, 2016 20:26:16 GMT -5
We might see a bit if a correction in our markets, particularly with companies doing businessnin Europe. I think though money should flow from European markets into the US markets? Where's our UK MNKD.proboards correspondent with an update for us? I am hoping for short covering on the currency moves.
Why is that Peppy? I mean I'm not up on how currency moves affect the price of MNKD if that's what you're referring to. If so, which currency(s) moves would possibly create short covering of MNKD?
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