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Post by helens on Jun 24, 2013 13:11:07 GMT -5
Here's where all the stinkers who bought in at the actual low I missed... $16.73, drop the price a hair to take profits...
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Post by helens on Jun 24, 2013 13:11:35 GMT -5
$17.37
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Post by helens on Jun 24, 2013 13:12:32 GMT -5
teehee... $17.41!
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Jun 24, 2013 13:13:14 GMT -5
And if Rich King and/or Don Ramon get implicated in some sort of illegal/hugely unethical dealing(s) and you won't be able to sell it fast enough.
You have great faith in the personal failings of complete strangers. I do not.
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Post by helens on Jun 24, 2013 13:14:28 GMT -5
Fight at $17.38. Guess I won't be flipping today, it's going lower:). I'm fine with 15% div regardless, and I get paid on it after tomorrow:). Now how does gold and silver beat this?
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Post by helens on Jun 24, 2013 13:15:58 GMT -5
Scott... you may want to read this thread again very slowly for the logic:). There is 0 dollar downside to what I just did, and showed you if you'd just open your eyes. It's rare that a setup can be as flawless as today's... but THIS is what you look for in the market. Timing is everything.
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Deleted
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Post by Deleted on Jun 24, 2013 13:19:26 GMT -5
Yes, uhhh.... of course. Just as I described. The bad side cannot be timed. It'll happen and you cannot sell off fast enough.
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Post by helens on Jun 24, 2013 13:28:22 GMT -5
Sell? Who's dumb enough to sell when you can collect even more than 15% interest? If it dumps, and I HOPE IT DOES, I'm buying more and happily collecting 20% + a year dividends:). This is not a lifetime hold... this is an agency mortgage REIT. But if the market's going to crash, and I hope it does, this won't be affected, because everyone would like 20% interest on their cash, and if they don't, I do:).
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Deleted
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Member since January 1970
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Post by Deleted on Jun 24, 2013 14:25:44 GMT -5
I used to be like that. Carefree and full of thoughts of profit.
Now, I am more risk averse than you.
I had a stock tank to zero after malfeasance by the principals. It wasn't a lot of money. But still, have that happen once and you will never forget it.
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Post by helens on Jun 24, 2013 14:51:49 GMT -5
Anyone who's been in the market for any time has had that happen. I was in Global Crossing and MCI when they went to 0%. Some people had Enron. I had a lot of the dot.coms. You survive and you learn, or you run away screaming and never get back on the horse again. There's nothing wrong with either choice, different people are wired differently.
I just don't like to gamble, so I don't buy lotto tickets and I don't play at Casinos. For me, if it's not 75% in my favor, I don't place the bet. Doesn't mean I never lose, but it's not often. I am VERY risk averse.
Forgot to tell you that my $17.50 limit for IVR was hit roughly 2:40pm (I set my sell limits right after I buy so I can go run errands), so depending on what the market as a whole does, I may be in again after tomorrow when it falls down again after ex-Dividend day. This finishes out my trade example:P.
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Post by helens on Jun 24, 2013 15:37:18 GMT -5
Oh... and no, you cannot time the slide... what you can do is not be greedy and set an acceptable upside. I got into NM at $4.50, and got out at $5. It proceeded to go up to $5.70 (today it's down to $4.82... not low enough to buy). If I were greedy, I'd be sad, I lost $.70 by selling early. I got out of FNMA at $2 (I told you here where I bought in... $.83), and it proceeded up to $5.45 the next day. It's still not a buy now at $1.78.
Money in the market is not made ONLY at the tops and bottoms, because you'd have to be a crystal ball to predict those perfectly, and no one possibly can. You just have to be consistent and have a rational plan that you can execute with no emotion. The key is the rational plan and due diligence, because you can make money going up and money coming down. However, this requires the ability to think rationally and be ready to push the button, and as simple as that sounds, it's not always the case.
Again, gold and silver are not compelling because absolutely nothing but speculation affects the price, and I don't gamble.
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robsrockshop
has rocks in the head
Member since August 2012
Posts: 715
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Post by robsrockshop on Jun 25, 2013 14:12:09 GMT -5
Oh cool the RTH daytrading board lol.
You don't gamble? What? You can't predict with 100% accuracy if your idea is going to pan out or not. Even the worlds best do not have that accuracy. Even a winning percentage is still a gamble there's no guarantee something won't work against you. If you were 100% you'd be filthy rich and wouldn't have time to preach, nor care, this stuff to old broke rockhounds so if that's the case you are seriously under capitalized and should seek an investor. An institution would hire you immediately with those skills.
Also-- and i'm laughing as I type this-- as this isn't a personal attack on you but more of a joke as I couldn't help but relate:
You consistently talk about the improvements in the economy and how good things are but in this thread you state "I hope it does crash" and I was like I knew it, Helen works for Goldman Sachs. LOL.
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Post by helens on Jun 25, 2013 16:10:59 GMT -5
That's right. There are no guarantees in life, Rob. All you can do is increase your odds.
I calculate my odds for guessing gold/silver prices on any given day as 50/50. I calculate my odds on a winning trade for a stock I track and watch over a period of years anywhere from 50/50 to 75/100. I don't start a trade til it's 75/100 in my favor. The 'I hope it does crash' comes from something else I already told you, the charts show a topping on the S&P and DOW, but NOT on NASDAQ... I think it still has legs, but I'm also legging out so I can buy if it drops soon. I don't lose whatever the market does, but that's because I'm ready for it in either direction. Planning means you take the 'hope and prayers' out of your own actions that you control.
Do I win them all? No. I don't need to win them all. You just watched me win one, it could have gone the other way, sure, and you'd all have gotten to laugh at me if it did, live:). As it was, I paid for my granite countertops yesterday. I don't trade every day... I watch for certain triggers. Yesterday's trigger was ex-dividend today PLUS a simultaneous huge market drop. Market drops are buying opportunities. Market increases are selling opportunities. This is infallible logic that the vast majority of people neither agree with, nor have the discipline to follow. Which is why most people lose money in the market.
Buying when you are losing your ass is not intuitive, but that's the only way to make money... just like the economy itself. Spending when you are in debt seems ridiculous, but it's the only way to survive. Do you stop eating or needing a roof over your head because you lost your income? There's a point where not spending = death or real poverty.
How about being unemployed, and refusing to buy gas to go to job interviews? How about saving money and not showering for 2 weeks before a job interview? That going to get you the job? But it's a great idea for the economy and playing the stock market? Some of the people here seem to think so... so I'm entertained trying to figure out why this is, and it's so illogical, I'm still here:).
The store that can't refresh its inventory, fires its employees and sells outdated moldy products to save money fails. Everyone can see that. Yet these are the same everybodies who insist that the Gov't should NOT spend to reinvent the economy, but should fail instead.
Stock market, life, economy, small business, big business... the same behavior works consistently, the opposite makes you a loser. Investment generates wealth, savings creates poverty as it dwindles with no replenishment. This of course assumes your idea of investment isn't buying beer and cigarettes, but have a real plan.
I don't work as a daytrader either, if the confluence of events I like happen, I make money, if they don't, I do nothing. I don't even watch the market every day, just when I think of it. I'm just a little glass artist, with a lot of varied interests that I dabble in. Stocks happens to be one of them. There is no system created by a human that cannot be beat by another human. If you lose enough, you grow great incentive to figure it out. The stock market beat me up good... ONCE...
Money has never motivated me to do anything at all, so I don't get your whole 'you'd be filthy rich' as if that were a goal in life for its own sake, it's not. Money does not buy happiness for anyone, and I don't care if I make money in particular, maybe because if I need to, I can. I happened to need more money for my upgraded granite, so I looked for the way, and found it... quickly. I guess I have good instincts.
I told you something really important before, but you probably didn't notice... your outlook affects your success. Always.
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Deleted
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Post by Deleted on Jun 25, 2013 16:42:10 GMT -5
Investment generates wealth, savings creates poverty as it dwindles with no replenishment. On this we agree. And the Fed is the source of the inflstion that robs your savings. Increasing the money supply decreases the value of existing money.
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Post by helens on Jun 25, 2013 16:52:40 GMT -5
Nope. The Fed has to do more with the value of our currency than the economy itself. Infrastructure spending (you know, so bridges don't fall down all over the country and kill people) is investment. Hiring people is investment. Buying supplies and contracts is investment, because it employs the people who make the supplies in the USA, and they put the money back into circulation by spending it (and take it out by hiding it in the Caymans or Swiss bank accounts). You have it backwards (again), what the Fed actually is doing is holding down inflation. The value of goods is barely budging, we have almost no inflation. This is not so apparent because so much of our economy is reliant on imports now, which is affected by THEIR monetary policy and inflation. Further, the expression 'printing money' is a myth. Your sources for all this Fed information are lies basically. I'm not worried that you'll believe me, so we will continue to have many arguments about this ahead:). Rather than spend pages writing an explanation you won't read or comprehend (not insulting your comprehension so much as my ability to put words to a simple explanation of an extremely complex interaction), read this article that explains it fairly well: www.marketwatch.com/story/everything-you-know-about-the-fed-is-wrong-2013-04-24
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Post by helens on Jun 25, 2013 18:43:32 GMT -5
Let me give you a better example of the silly government spending. The bank bailouts. The choices were:
1. Let the banks fail. If they fail, every single depositor will require FDIC insurance bailout... which could take 3 months. That meant no checks, no credit cards working, and of course, no bank employees to find the records of how much money you had there. Nor does the entire US treasury contain enough cash to bail out every single US depositor in our nation of 360 million. Yet the Republicans called to let the banks fail. This brilliant thinking is precisely why I don't vote Republican. They can't. Remember, this would HALT business in the USA, since no business would have checks for payroll or supplies either.
2. Don't let the banks fail. LEND THEM THE MONEY to keep them going. BAIL THEM OUT of their mess. While lending them the money, the Gov't put so many strings on it that the banks nearly choked. Strings such as, every dollar they get in bailout they have to give the Gov't in the form of stocks... stocks at the bottom since everyone was worried about banks failing... gee. Then, the Gov't could set wage checks so bank CEO's couldn't pay themselves 7 figure incomes out of their depositors money. What did THAT save shareholders over years?
The Gov't chose door #2.
Guess what? Lets use Bank of America (BAC) as the example. The stocks fell as low as $3... and all that bailout money 'loaned' to them to save them? They got back 430% of their loan just on BAC, AND got to tell BAC what they could not pay their CEO. Today, BAC is $13, even after the bad week. What was the Gov't's payoff for that? It takes money to make money. Genius. Too bad they couldn't force the banks to take 1/4 the entire deficit in bailout, we would have 0 deficit right now, today just from bank stock increases:).
I recall a whole lot of Republicans screaming and crying not to bail them out at the time... we couldn't afford it.
If the Republicans had their way and let the banks fail... because of the 'deficit', every one of us would be penniless, and waiting for the Russians to land on the beaches as we peered out of our sheet tents, scrounging contaminated seaweed for dinner (ok, maybe not seaweed). Does this make sense?
That's not all... FNMA, Fannie Mae, was the Gov't entity ordered to buy the mortgage backed securities of the failing banks as part of the bailouts. Please don't take my word for it, google FNMA's income last year... and how many BILLIONS that went DIRECTLY to the US Treasury (because FNMA is in Gov't receivership). It takes money to make money. What the Gov't did, and how they did it, was genius.
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jamesp
Cave Dweller
Member since October 2012
Posts: 36,557
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Post by jamesp on Jun 26, 2013 4:25:08 GMT -5
Chill pill.
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Post by helens on Jun 26, 2013 10:05:29 GMT -5
Well... silver is starting to look more interesting for sure, and for the first time in a long time, worth watching:).
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jamesp
Cave Dweller
Member since October 2012
Posts: 36,557
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Post by jamesp on Jun 26, 2013 11:46:33 GMT -5
I bought silver for Mom at $27.For long term. Who knows.
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Post by helens on Jun 26, 2013 12:03:53 GMT -5
I bought silver for Mom at $27.For long term. Who knows. OUCH. I'd consider dipping toe in silver at $16-18/oz and no higher. It went below $18 today.
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