MrJohnRoss' Account Talk

[MrJohnRoss]

Reversal day has finally come. Sold my remaining TNA this morning at 56.435 for a net 13% gain.

Bought some TZA at 16.66. Looking for a short term pullback, and not expecting to hold this for very long.

Good luck everyone!

 

[MrJohnRoss]

I am so done with Lowe's (LOW). I'll be looking for the next breakout to sell this dog.

Lowe's Second Quarter Profits Drop 10%, While Home Depot's Net Income Rose 17%.

Lesson: Just because a stock is cheap, doesn't make it a good buy. I'm about even since purchasing, but even a little 2.4% dividend can't impell me to hold on to this one.

 

[Birchtree]

Well I enjoy shopping at LOW even though I own HD.

 

[MrJohnRoss]

Well I enjoy shopping at LOW even though I own HD.

I shop at Lowe's vs HD as well. Their stores seem to be nicer.

 

[wvango]

I shop at Lowe's vs HD as well. Their stores seem to be nicer.

That and you can not beat getting the 10% Military Discount.

 

[jpcavin]

That and you can not beat getting the 10% Military Discount.

HD gives 10% military discount as well.

 

[maverick06]

ehh, mine never gives it to me with my CAC card. HD is cheaper slightly.... lowes is nicer.... all the back and forth to DC gets me amtrak points which turns into lowes gift cards.

 

[Bquat]

ehh, mine never gives it to me with my CAC card. HD is cheaper slightly.... lowes is nicer.... all the back and forth to DC gets me amtrak points which turns into lowes gift cards.

At first they were doing in on all CAC cards (goverment discount). Then they went to active military and retired military even at the movies. Used to us my retired CAC card until they started to check. My VA card works.

 

[MrJohnRoss]

Two stocks worth mentioning today:

AAPL is absolutely screaming to the upside today. All the news is touting that it's the biggest stock of all time now...




______________________________________________

Also, AGQ (3X upside Silver ETF) is just starting a major uptrend. I hope you've climbed on board.



Good luck everyone!

 

[jpcavin]

Hope this clarifies the store to store inconsistensies for everyone. http://paycheck-chronicles.military.com/2012/05/04/home-depotlowes-military-and-veterans-discounts/
Sorry MR Ross.

 

[MrJohnRoss]

Another Reason Traders Must Be Cautious Here

"... VIX option traders think there's a 10-times-greater chance of the VIX moving higher rather than lower into September option expiration day. Since a rising VIX usually happens as stocks decline, you could argue there's a 10-times-greater chance of a market selloff than a continued rally."

 

[Birchtree]

I'll gladly take the other side of that bet. This bull is going to make me money and plenty of it.

 

[ILoveTDs]

JR

I don't know if it was you I was talking to about LOW 6 months or so ago, but I stated then this stock wouldn't move much. I held LOW for 6 years never made a dime outside of dividends. This stock has been in the same two dollar price range for a decade, I finally dumped them last December and bought PEIX which promptly dropped 75% afterwards now I wish I kept LOW and didn't lose or make money. Oh well life goes on, won't be my first mistake.

 

[MrJohnRoss]

JR

I don't know if it was you I was talking to about LOW 6 months or so ago, but I stated then this stock wouldn't move much. I held LOW for 6 years never made a dime outside of dividends. This stock has been in the same two dollar price range for a decade, I finally dumped them last December and bought PEIX which promptly dropped 75% afterwards now I wish I kept LOW and didn't lose or make money. Oh well life goes on, won't be my first mistake.

Looking at the last couple of years, LOW has climbed pretty nicely since last August, but has fallen on hard times. Bought it in May when it fell down to the 25-26 range, thinking it would come roaring back. It just hasn't happened.

If you compare it to HD, it's way behind the curve. I think it will eventually climb back up into the $30 range, but I'd rather deploy my money on something with a higher probability of a better return.

 

[MrJohnRoss]

Sold my small position in TZA at 16.13 this morning for a 3.2% loss. Looks like the market wants to go higher for at least a little while longer. Although my model would have me in cash, I purchased a small position of TQQQ at 60.46, in case the market continues into this strength, which I think it will. If the market gets over-extended, I'll look to sell my TQQQ, and go short with TZA.

 

[MrJohnRoss]

Are you willing to bet against three of the wealthiest men in the entire world?

Jacob Rothschild, John Paulson and George Soros are All Betting That Financial Disaster is Coming

A rather interesting read, I must say.

 

[jkenjohnson]

Are you willing to bet against three of the wealthiest men in the entire world?

Jacob Rothschild, John Paulson and George Soros are All Betting That Financial Disaster is Coming

A rather interesting read, I must say.

We all know it's coming, it's just a question of when.

 

[Birchtree]

Knock, knock. Who's there? Birchtree at #190.

 

[MrJohnRoss]

Knock, knock. Who's there? Birchtree at #190.

Enjoying the view from up here? :laugh:

 

[Christopher]

Wonder how these guys are actually betting, though - with their WORDS, or their ACTIONS.

Jacob Rothschild, John Paulson and George Soros are All Betting That Financial Disaster is Coming