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US stock discussion v3, Double Bottom coming?
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prophetjul
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 Apr 19 2011, 07:35 AM
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QUOTE(prophetjul @ Apr 15 2011, 07:27 AM) Thus the bet on Precious metals!  Loaded more AGQ at $268....gonna sell this tonite......to my residual........Silver's so strong.......its amazing!  AGQ still Rockz* But its getting too hOT! RSIs at 83...... Unloading half at $297.88.........keepin other half..........a fast 11% profit over a week.
Added on April 19, 2011, 7:38 amAdded somemore AXU at $9.10..............and MNEAF at $3.05 This post has been edited by prophetjul: Apr 19 2011, 07:38 AM |
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prophetjul
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Apr 19 2011, 11:25 AM
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QUOTE(zamans98 @ Apr 19 2011, 11:00 AM) Touching SLV/SLW rather than AGQ as the latter risk/reward is not attractive to me. Approaching 300$, max I can get is 10 shares. Even up at 8$, only making roughly 80$. SLV at 42$, can get roughly 70 shares. If up by 1$, can make 70$ roughly, but in normal case is roughly 50cts or $35~40$ No doubt SLV is making lower profit as compare to AGQ, I rather play "safe" with SLV than 3x ETF. Both SLV and AGQ are trading at RSI 83. Thats very overextended IMO. There are better trades elsewhere. i bot AXU last nite at $9.1.......bounced to $9.51 a cool 4.5% ....  But its to add to my stack of AXU.... |
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prophetjul
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Apr 19 2011, 11:42 AM
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QUOTE(zamans98 @ Apr 19 2011, 11:37 AM) Boss, I think you got me wrong. I was referring to a trade of AGQ 2x ETF vs SLV 1x ETF, comparing dollar to dollar trade without putting other factors in the equation. Question, why silver up few cents and AGQ up by multiple dollars? Where is the basis? SLV, SLW and EXK are up by couple of cents only. Even PAAS is horribly down. But I'm not trading any commodities ATM. My trades are into technologies and banking stocks mostly like AMD, ATML, AAPL, RIMM, S, C, BAC. What i am pointing out is BOTH SLV and AGQ are very over bot presently....risky tio trade. Next AGQ is approx 6 times SLV....meaning $1 rise in SLV means $6 rise in AGQ.....thats why its ULTRA! So even if you can buy more sLV, it doesnt matter becos of the multiplier that AGQ has! This post has been edited by prophetjul: Apr 19 2011, 11:43 AM |
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prophetjul
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Apr 19 2011, 09:43 PM
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QUOTE(danmooncake @ Apr 19 2011, 09:28 PM) Hey Prophet,
AGQ is actually a 2x ETF for SLV, not 3x. It works like this. If SLV rises 1%, then it is 2% for AGQ.
Watch the percentage movement, not dollar/cents rise.
You are right...its actually 2X the daily rises ProShares Ultra Silver is not an investment company regulated under the Investment Company Act of 1940. Please read the prospectus carefully before investing. QUOTE This ETF seeks a return of 200% of the return of an benchmark (target) for a single day. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their ProShares holdings consistent with their strategies, as frequent as daily. For more on correlation, leverage and other risks, please read the prospectus http://www.proshares.com/funds/agq.htmli am looking at the cumulative rise thus far.....Its Presently 7X SLV..... http://stockcharts.com/h-sc/uiPunch in AGQ:SLV and see the multiples |
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prophetjul
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Apr 20 2011, 07:33 AM
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prophetjul
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Apr 20 2011, 08:33 AM
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QUOTE(danmooncake @ Apr 20 2011, 07:55 AM) Lock in your profits before it's gone!!! Anyway, after hours some of majors are confirming bullishness tonight. AAPL -> buy signal in (hoping to see 345 by closing time tomorrow) LVS -> near 46 on WYNN outstanding earnings. INTC -> awesome earnings YHOO -> finally good after so many quarters i HAVE! i sold 50% at $297.88. Still holding 50% trading stock bot at $268. My other horde was bought at $106 average price......this one for holding |
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prophetjul
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Apr 20 2011, 10:47 AM
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Silver is up another $0.40 to $44.30.....WOWEEEEE!!
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prophetjul
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Apr 20 2011, 12:38 PM
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QUOTE(zamans98 @ Apr 20 2011, 11:51 AM) GOLD historic high, a few cents shy of magical 1500! Not touching SILVER. I'm with technologies sectors : AMD, INTC, NVDA, WDC, SNDK, STX... better cover my shockness if SILVER dropped suddenly. Actually gold already went past $1500.....while we were sleeping... Ya dont touch silvr....too HOT! |
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prophetjul
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Apr 20 2011, 10:14 PM
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AGQ still Rockin and ROLlin......$315.87 hohohoho! Gettin very giddy! 
Added on April 20, 2011, 10:19 pm$317.30
Added on April 20, 2011, 10:24 pmAXU $10.17 a cool 11% in a week  This post has been edited by prophetjul: Apr 20 2011, 10:24 PM |
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prophetjul
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Apr 21 2011, 07:33 AM
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AGQ is just astounding! HIGH $323.26 Close $320.56 RSIs at 86.8!!! WOW! |
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prophetjul
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Apr 21 2011, 09:36 AM
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Silvers HIT $$)>*)
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prophetjul
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Apr 21 2011, 01:48 PM
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WOW! Silver broke $$^.))
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prophetjul
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Apr 22 2011, 08:15 AM
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AGQ at another HIGH........$330.96..........RSI at a staggering 88! WOW!!!!
This is NOT GOOD........
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prophetjul
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Apr 25 2011, 07:22 AM
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QUOTE(zamans98 @ Apr 22 2011, 10:23 AM) Crazy indeed. I'm staying away. If it hit 400$, can think of shorting. AND silver chuggs along...... $47.75.....High $49.96.........  |
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prophetjul
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Apr 25 2011, 10:00 AM
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QUOTE(zamans98 @ Apr 25 2011, 09:18 AM) Silver approaching 50$. Now that is scary... AGQ during pre-opening will be +10$ Sorry mistake......HIGH $47.96..... 
Added on April 25, 2011, 2:12 pmSilver is at $48.80 and a HIGH of $49.78  This post has been edited by prophetjul: Apr 25 2011, 02:12 PM |
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prophetjul
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Apr 26 2011, 07:23 AM
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QUOTE(danmooncake @ Apr 25 2011, 10:22 PM) This thing is gotta to burst sooner or later.. Somebody please throw more darts at it!!  The Chinese are frying the silvers! Gold's gettin too expensive so silver is next. Last nite i guess the TPTB got into the fray to 'control' those prices! |
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prophetjul
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Apr 26 2011, 10:48 AM
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QUOTE(zamans98 @ Apr 26 2011, 10:40 AM) Control activated...  You gottit!
Added on April 26, 2011, 11:33 amSilvers at $44.60 now................hohoho! This post has been edited by prophetjul: Apr 26 2011, 11:33 AM |
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prophetjul
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Apr 27 2011, 08:11 AM
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QUOTE(zamans98 @ Apr 27 2011, 12:18 AM) I'm picking up some SILVER options thru SLV. Small lots BTW Thought yuou are stayin away from commodities?
Added on April 27, 2011, 8:12 amBot a bot of ZSL hedge at $15........ This post has been edited by prophetjul: Apr 27 2011, 08:12 AM |
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prophetjul
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Apr 28 2011, 07:37 AM
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What can i say? AGQ UP $43.31 or 13.60%!The strength in silver is EXTRAORDINARY! Gold's at another record ............... |
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prophetjul
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Apr 28 2011, 08:23 AM
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QUOTE(zamans98 @ Apr 28 2011, 07:48 AM) H0ly cR@p. Uncle Ben wanna commodities goes higher and higher? Loaded 2 SLV. AGQ is really crazy, after market at 370 and climbing fast. Weird really, as last time SILVER was at 49, she was just at 350's... Thats why its so exciting........a double derivative..... |
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