After swearing I would cease and desist from all margin “cokey” related behavior, I made myself a liar once again today by running into single digit margin territory after buying a stake in WNR (PPT and Twitter time stamped).
I’ve liked the idea of capitalizing on the refinery spread since the Fly brought it up, but I just couldn’t bring myself to follow along at the time, for whatever reason. I figured I’d just sit it out and watch you all run to grand profits without me. But, fate was far kinder to me than that, and so I purchased my position at an average cost of $16.68. Hopefully now I can partake in only the enjoyable sensations of owning the company. I haven’t envied you holders of the name up until now; no not one bit.
Meanwhile, silver rebounded significantly higher today, as short sellers got their balls crushed between two ingots of the metal; agreeably, as they rightfully deserve. Another 60 cents to the price of SLV (2%) and I break even. I make an additional 10% for every move of roughly $3.50 per ounce equivalent of SLV. I hope certain National Health Systems are paying attention.
For the day, I was up 3%, thanks to magnificent decision making and prudent selection of stocks and sectors.
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Welcome to the party
I’m up like 1000% already and can’t do no wrong
Congrats on the silver trade
Interesting.
The silver forward month future contracts are in total disarray.
Up over 1%, so far today, on the backs of massive moves in, amongst other things, SLV, WNR, and surprisingly AWK.
If you aren’t looking at the utilities (water in my case), you should be. I said months ago, utilities were way cheap for being such a secure sector. Now, as things are unsteady and people are beginning to question the soundness of the hot positions, money is flowing into utilities heavily.
For me, it’s a 4% dividend plus a 20% gain, year to date.
I’ve been stalking PEI for weeks but she keeps getting away from me
When I was young I learned not to chase them but I might have to make an exception
I don’t really know anything about PEI, but they definitely seem to be moving similar to AEC or CLP recently.
I’d love to see the whole sector move up 30-40%.