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Post by maxi on Nov 6, 2013 20:18:33 GMT -5
Some long term thoughts from WallStreetWindow FED
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Post by huh on Nov 6, 2013 20:55:59 GMT -5
I agree with that assessment about the it basically bankrupting the Fed to end or even taper QE as things stand. But I think they're overlooking two other options -
Simply create a "bad FED" and transfer all that debt to it. It's worked well for our banks and most of Europe's banks and sovereignties.
Or, taper while world equity markets are falling. That would force money into bonds keeping interest rates low.
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Post by maxi on Nov 7, 2013 12:42:53 GMT -5
I did a - well I really do not know what i did except that I sold a chunk of TGS when I was setting a buy much lower but for some reason it sold at 2.29. Which is still a profit for me. and now it is back down, so it is all good...... There is probable a much better way to set buy and sell on TOS than the way I do it... but I have always done things MY WAY!
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Post by huh on Nov 7, 2013 12:45:36 GMT -5
So far TGS missed my stop by a penny (stop @ 2.21). I don't want it if it can't hold its 50dma for the 7th test in only 8 days.
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Post by huh on Nov 7, 2013 12:49:01 GMT -5
So far TGS missed my stop by a penny (stop @ 2.21). I don't want it if it can't hold its 50dma for the 7th test in only 8 days. Well that didn't take long. Out of TGS.
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Post by jacksrbtr on Nov 7, 2013 12:52:02 GMT -5
I did a - well I really do not know what i did except that I sold a chunk of TGS when I was setting a buy much lower but for some reason it sold at 2.29. Which is still a profit for me. and now it is back down, so it is all good...... There is probable a much better way to set buy and sell on TOS than the way I do it... but I have always done things MY WAY! Yer starting to sound like Frank Sinatra!
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Post by novie08 on Nov 7, 2013 13:25:27 GMT -5
Hmmm. You're making me nervous altho your buy pt. for NBG is much lower than mine. I own all three of those...
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Post by novie08 on Nov 7, 2013 13:33:06 GMT -5
Re: TGS. H&S on the wkly. from late Sept. We'll see which way she breaks, but it's looking like down now.
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Post by huh on Nov 7, 2013 13:41:23 GMT -5
Definitely don't let me sway you in TGS...I managed to sell on about the LOD. That's not easy to do! I didn't have enough invested in it to make it worth worrying about.
NBG's actually been one of the better performing stocks during all this up and down.
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Post by maxi on Nov 7, 2013 13:52:55 GMT -5
I only sold part of the TGS. If it goes down ( i have a buy at 2.06 which is the 100 dma) great. If it doesn't that is fine too....
NBG same I only sold the very first shares I bought.
Not sure what the 3rd stock is.....
Oh EDN... I had 200 shares at 5.02 sold at 5.47 can now buy pizza for tonite!
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Post by maxi on Nov 7, 2013 14:08:48 GMT -5
One other thing. I NEVER NEVER NEVER buy all my shares at once....
The stock market is the worlds biggest casino. I do not ever presume to know what it will do.... or why!
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Post by novie08 on Nov 7, 2013 14:13:37 GMT -5
I do once in a while but tend to average UP rather than DOWN. That's one gigantic DUUUUHHH!
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Post by maxi on Nov 7, 2013 14:15:00 GMT -5
Also 2.07 is the bottom of the BB. Might raise the buy a penny!
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Post by novie08 on Nov 7, 2013 14:16:06 GMT -5
Can you tell me if he sold RSX? It's looking a bit sick.
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Post by maxi on Nov 7, 2013 14:17:44 GMT -5
I do once in a while but tend to average UP rather than DOWN. That's one gigantic DUUUUHHH! Novi that works in an uptrend for sure. But you must use a trailing stop in that case so u don't lose money. When I buy I know the range I am interested in..... Having a plan is important. And knowing your holding period. If you intend to hold for a year then 5 cents one way or the other becomes immaterial.
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Post by maxi on Nov 7, 2013 14:18:59 GMT -5
Mike did NOT sell anything. He is waiting for the market to fall so he can buy his last 10% and be fully invested. Didn't I send u his last blog?
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Post by novie08 on Nov 7, 2013 14:19:26 GMT -5
Thanks Maxi. I was somewhat JK!
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Post by maxi on Nov 7, 2013 14:24:44 GMT -5
VEE DO NUT KEED ABOOT MONEEEEEEEY!
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Post by maxi on Nov 7, 2013 14:36:01 GMT -5
VERY interesting hourly chart for NBG notice how the BB's are starting to pinch together.....
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Post by novie08 on Nov 7, 2013 14:38:54 GMT -5
Reason I'm asking is Financial Times has an article on Russia slashing its l-t growth forecast, saying it will lag global averages for next 16 yrs. Altho that doesn't mean the stocks will go down, lol.
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