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Buy low Sell high (pg. 9)
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| Lagrangian |
| quote: | Originally posted by Nrg2Nfinit
yea you short the pound yet?
I just threw another tier down on gold cos no protection yet.
once people wake up and the stimulus train starts rolling again.. i bet we see gold back to its highs again
right now gold co's are suffering more than gold itself.
I say we get a nice reversal once gold starts running again and we see the hui outperform spot.
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TPs triggered. I'm A Sterling Bear...What a week!! I'm aiming to Short the Sterling-Yen from its current 141.6 to 133.
I'll swing/scalp the next week, but I'm looking to wait and see. Still a good week, hope you're well and in the green.
Happy Friday! |
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| Lagrangian |
| quote: | Originally posted by Nrg2Nfinit
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How are you playing Gold? Are you long Gold/Dollar Gold/Yen? Did you buy calls on GLD? |
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| Nrg2Nfinit |
right now im HGU.TO
its leveraged so you see double the daily change of your typical gold co index.
i'm pretty red so far. 6.50 acb price is 5.30
I got more tiers to throw at this though. I will also be buying some calls on the inverse to hedge. puts on this are way to expensive. |
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| Lagrangian |
| quote: | Originally posted by Nrg2Nfinit
right now im HGU.TO
its leveraged so you see double the daily change of your typical gold co index.
i'm pretty red so far. 6.50 acb price is 5.30
I got more tiers to throw at this though. I will also be buying some calls on the inverse to hedge. puts on this are way to expensive. |
you're in the money now, what's your target? |
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| Nrg2Nfinit |
i'm down about a dollar per share (adjusted cost is 6.50)
my target is around 7 to 9 dollars. |
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| billymadision |
Your hopes and dreams are around 7 to 9 dollars.
I have never understood the concept of a target price. Unsuprisingly you are in gold. If you don't have the money to buy out the company, you cannot set a "target price". It is an illusion. |
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| srussell0018 |
| Can you two just PM each other this . Nobody else cares. |
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| Lagrangian |
go yourself.
gold went up yesterday and today, i think you're selling too low. I would've waited for a pull-back.
Good luck :) |
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| billymadision |
Leverage works both ways. Sometimes it is better to swallow the loss + comission to find a better buy or entry.
I am really fond of Direxion ETFs. 3x levered to market. Can be a no brainer sometimes. |
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| pkcRAISTLIN |
| bitcoins. stupidest idea ever. |
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| Nrg2Nfinit |
| quote: | Originally posted by billymadision
Your hopes and dreams are around 7 to 9 dollars.
I have never understood the concept of a target price. Unsuprisingly you are in gold. If you don't have the money to buy out the company, you cannot set a "target price". It is an illusion. |
I'll be happy to buy more sub 5 :) |
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