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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
k0nkuzh0n
Well-known member
an ugly day for DUST today. Do you have an updated outlook on it?
MrJohnRoss
Well-known member
DUST remains a hold. After the big down move, it's due a bounce. If it's down again tomorrow, it will likely get switched. TZA remains a hold as well.
jkenjohnson
Active member
Does John post these tips or Masta?
MaStA
Member
jkenjohnson
Active member
We need a thread where everbody can post individual stock picks. What do ya'll think?
jpcavin
Well-known member
MaStA
Member
MrJohnRoss
Well-known member
Had emergency meetings, emergency presentations, and top executives to pitch to all day. Helluvaday. Just now getting a chance to post.
Obviously DUST was a bust. I would have bailed early this morning at the first sign of weakness, but don't want to sound like I'm Monday morning quarterbacking, so to be fair, consider DUST sold at the close at 16.94, a loss of -17.2% on this trade. Ugh.
I had time to make one trade this morning, and that was to buy a chunk of GDXJ at 44.94. Again, it was not perfect timing, but it looks like miners may be making another move higher after a consolidation phase, so I'm climbing on board.
NUGT/DUST is hard enough to trade if you have the time all day to watch it. Since I don't, I'm going to put the system on temporary hiatus, and concentrate on the stock market TNA/TZA system instead.
TZA remains a hold, and had a fabulous day, gaining +3.52%. I'm also holding SQQQ, which gained +4.30% today, so my portfolio is doing just fine, thank you. Also, as MaStA stated, SGMS rode a rocket today on massive volume, and ended the day up over 16%. Yowza. Where's my rake? I'm gonna need it.
Still think the market momentum is to the downside for a while longer. I'll wait for the Stoch (and maybe PPO) to bottom and turn back up before heading back into stocks in the TSP. Until then, I'll hang on to SQQQ and TZA, and make some money on the downside.
Good luck!
Obviously DUST was a bust. I would have bailed early this morning at the first sign of weakness, but don't want to sound like I'm Monday morning quarterbacking, so to be fair, consider DUST sold at the close at 16.94, a loss of -17.2% on this trade. Ugh.
I had time to make one trade this morning, and that was to buy a chunk of GDXJ at 44.94. Again, it was not perfect timing, but it looks like miners may be making another move higher after a consolidation phase, so I'm climbing on board.
NUGT/DUST is hard enough to trade if you have the time all day to watch it. Since I don't, I'm going to put the system on temporary hiatus, and concentrate on the stock market TNA/TZA system instead.
TZA remains a hold, and had a fabulous day, gaining +3.52%. I'm also holding SQQQ, which gained +4.30% today, so my portfolio is doing just fine, thank you. Also, as MaStA stated, SGMS rode a rocket today on massive volume, and ended the day up over 16%. Yowza. Where's my rake? I'm gonna need it.
Still think the market momentum is to the downside for a while longer. I'll wait for the Stoch (and maybe PPO) to bottom and turn back up before heading back into stocks in the TSP. Until then, I'll hang on to SQQQ and TZA, and make some money on the downside.
Good luck!
jkenjohnson
Active member
No not the pot thread
jkenjohnson
Active member
Yes something similar.
MrJohnRoss
Well-known member
Oh man, interesting read. We all know it's coming...
The Bursting of China's Credit Bubble
"According to Garet Garrett in his book "A Bubble that Broke the World" Cheops employed 100,000 men for twenty years to build his great pyramid, "and all he had for 600,000,000 days of human labour was a frozen asset." Cheops's distortion of the Nilotic economy was nothing compared with the economy warped by the Chinese government today, which has overseen the construction of empty cities, unused airports, car-less highways and bridges to nowhere.
A notable difference between ancient Egypt and modern China is the ability to direct economic activity through the use of credit. The result today is a far larger scale of economically useless projects than the pharaohs could possibly entertain. Government-directed bank lending in China has financed mis-allocated economic resources to an extraordinary degree, artificially inflating the economy and leaving a legacy of useless property and infrastructure assets, incapable of generating income to service the debt incurred..."
The Bursting of China's Credit Bubble
"According to Garet Garrett in his book "A Bubble that Broke the World" Cheops employed 100,000 men for twenty years to build his great pyramid, "and all he had for 600,000,000 days of human labour was a frozen asset." Cheops's distortion of the Nilotic economy was nothing compared with the economy warped by the Chinese government today, which has overseen the construction of empty cities, unused airports, car-less highways and bridges to nowhere.
A notable difference between ancient Egypt and modern China is the ability to direct economic activity through the use of credit. The result today is a far larger scale of economically useless projects than the pharaohs could possibly entertain. Government-directed bank lending in China has financed mis-allocated economic resources to an extraordinary degree, artificially inflating the economy and leaving a legacy of useless property and infrastructure assets, incapable of generating income to service the debt incurred..."
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RealMoneyIssues
Well-known member
Only if the mid terms don't look so good for them...
MrJohnRoss
Well-known member
MrJohnRoss
Well-known member
Don't know about you Mr Ross, but I'm feeling pretty good about locking in early March profits then fleeing to G-illigans Island.
Yessir. Waiting for a bottoming pattern, then back in I go. Rinse and repeat.
I'm also building a nice selection of hot stocks that are taking a rare dip, and will squeeze the trigger at the appropriate time. Good, beaten down stocks do exceedingly well when the market is on the up-swing.
weatherweenie
Well-known member
What stocks are you looking at?
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