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amateurhour

Day trader turned Systems Engineer. My degrees are in math and economics and my work is a blend of finance, math, and electrical/mechanical engineering. I work on modeling the real optionality of power systems to assist in commodity purchase/hedging and CAPEX decisions. We hedge ~$0.75bn in commodities annually and manage an overall portfolio of ~$10bn (not including physical assets) over a horizon of 2-10 years.

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Joined Oct 26, 2011

49 Blog Posts

Some brief thoughts on the action so far.
Silver is bullshit. I got stopped out of my position on the initial dive down, triggering at 28.48 for a minor loss on what I expected to be a multiweek swing. The people manipulating it can, franky, go fuck themselves. I mean is it any wonder investors are fucking not coming back? I’m sure it will tank just long enough to suck in the silver going to $17 dollar crowd and relieve them of their coin (silver chirp).

Regardless, the carnage has not phased the miners – I know some people like PAAS here, and it looks coiled to move along with EXK and my personal favourite right now, AG. Consolidation below 16.16 will have me looking to go long for an EOD and a breakout, with a tighter than usual stop.

Other than that, the week has been a big clusterfuck of going no where while everyone who takes an adamant directional position is made to look the fool.

To take a second to talk my book, ECA is making moves today, and looks good on many time frames which has me looking to add despite the macro environment.