Stock market tips and experiences

[e90fun]

Originally Posted by nittany

let's go MGM! glad i bought mgm and not lvs.

should of sold my lvs last week.

i was at a 38% gain with them last week and now at 20 something.

[AngelinIsRich08]

I just bought 10 call contracts for SLV. Strike price $36 July 16. They were $4.80 per share.

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by AngelinIsRich08

I just bought 10 call contracts for SLV. Strike price $36 July 16. They were $4.80 per share.

why didn't you buy cheaper calls at a higher strike price?

[AngelinIsRich08]

Originally Posted by ferrari355fi

why didn't you buy cheaper calls at a higher strike price?

The break even is slightly lower on the $36 calls. It's around $41.80 for me now.

[E92TTKING]

Originally Posted by AngelinIsRich08

I've lost about $8k on SLV so far.

I lost 15K i think i should get 2 mad faces

Did u sell and take the loss?

[pt]

Originally Posted by richpuer

thats what happens after a parabolic move...no surprise really

Agreed - SLV had a classic climax top the high 40's. This correction could only have been telegraphed more clearly if it slapped people upside the head.

I sold my entire position which is something I don't normally do. While I don't think this correction will break the uptrend, I'm not yet sure when to start getting back in, which I hope to do in order to keep myself diversified.

[AngelinIsRich08]

Originally Posted by greek335xi

I lost 15K i think i should get 2 mad faces

Did u sell and take the loss?

Haha. Never. I'd hold that bitch till it gave me all my money back, and then some.

[rallysport]

Great, CME raises the margin on silver TWICE more. This is getting criminal

http://www.zerohedge.com/article/cme...r-margin-hikes

[M3Bahn]

Originally Posted by rallysport

Great, CME raises the margin on silver TWICE more. This is getting criminal

http://www.zerohedge.com/article/cme...r-margin-hikes

Love ZH.com

[stylinexpat]

This was a dirty trick by Comex to raise the amount to over $21,000 Pretty much almost double of what it is now. Before it used to be even lower.


http://noir.bloomberg.com/apps/news?...d=av9X9g3.aZjA

[Chowbow]

CME's (3rd) increase was right before the big SLV sell off on Monday too. I see silver is down right now and am guessing prices will slip even more on Thursday's session...

[stylinexpat]

Originally Posted by Chowbow

CME's (3rd) increase was right before the big SLV sell off on Monday too. I see silver is down right now and am guessing prices will slip even more on Thursday's session...

If it was not for this increase Silver would have kept climbing or at least held steady. I reckon that in the short term we see further losses to about $34-36 if the $38 support line is broken. Most likely that $38 will be taken out. Someone out there that knew about this news must have made a huge killing buying puts. I have been buying puts since I found out about this a few days ago. I still reckon that Silver will climb back and make new highs this year once all the speculators that gone on this train recently are taken to the cleaners. SLV this week was the 2nd most active by volume share on the DOW. When volume increases to what we saw recently that means speculators are involved and when the big boys are in this there is always a huge drop after good gains.

For the time being I am in puts and only buy calls after huge losses only for a short time to catch a small rebound and sell immediately after.

[stylinexpat]

Originally Posted by greek335xi

I lost 15K i think i should get 2 mad faces

Did u sell and take the loss?

Ouch My record loss at one time was about $160K within 3 weeks. My record gains were about $90K+ within 2 weeks. The gains were followed by major losses after due to greed. Now I have learned my lesson and am more careful. If you trade options that is what can either make you rich or broke over night. Best to just buy $1K worth of options at the most unless you are definitely sure that it will move in your favor. $1K is provided that you have about $40K or 50K to work with.

[ES_TRADER]

All out..SLV puts...amazing trade of the year! may just call it quits and vaca till 2012

[AngelinIsRich08]

SLV.

[Inspired]

Holy crap. Slv.. 35$..

[stylinexpat]

PUTS are lotto tickets these days. I think the Hunts brothers are back with puts this week. SLV is the number one traded share on the DOW today and was number 2 yesterday. High volatility means more losses to come. I don't see much support today. All puts buy orders are clearing and sell and there are very little buy orders for calls today. If we crack below $34 we are looking at $28 after.

[stylinexpat]

Since last week ZSL has almost doubled. If we see similar losses tomorrow or Monday then we will be close to doubling on ZSL from last week.

http://www.google.com/finance?q=NYSE:ZSL

[Chowbow]

I really wanted to get some ZSL early this week but figured not to chase. Maybe I should have done so on Tuesday. Ah well, hindsight.

[nnnnnnnnnnnnnnnnnnnnnn]

holy dollar surge, batman!!

[stylinexpat]

Good old Soros..

http://www.marketwatch.com/story/sor...wsj-2011-05-03

[stylinexpat]

Big boys selling these days.

http://www.tickerspy.com/newswire/?p=4428