iBankCoin
Joined Apr 19, 2009
721 Blog Posts

Jacksonian Morning Buys

Bot 1,000 more AGQ @ $44.27.  Bounced right off the 61.8 % fib line at $43.57 this morning. That would have been the perfect entry, but I was trying to respect my 10:00 am discipline.

UPDATE: Ditched the remainder of my CRAAPL @ $121.05.  Only 400 shs left, but I kick myself for not cutting it loose over $130. 

UPDATE: Bot 6,000 NG (PPT: Buy) @ $3.30

UPDATE: Bot 2,000 more SSRI (PPT: Sell) @ $21.18

UPDATE: Bot 6,000 (starter position)  NXG (PPT: Strong Buy) @ $1.85

Non-Jacksonian UPDATE: Just hedged out my UPS position purchasing the July 50 puts and selling the July 45’s for a debit spread of $1.50 a contract.   Shelter in a storm.

Non-Jacksonian UPDATE:  bot 2,000 SRS @ 24.55-.56 for downside hedge.

UPDATE: Bot 2,000 more ANV (PPT: Strong Sell) @ $5.81

UPDATE: Bot 1,000 more PAAS  (PPT: Sell) @ $19.09

Caveat: If you purchase any of these PM plays you may wake up with The Midas Touch — but ironically — only with respect to your favorite cats.    On top of that, you could easily lose money.

Developing…

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10 comments

  1. Treepart

    Discipline is the key to life. How can you have any pudding if you don’t eat your meat?

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  2. Juice

    I added AGQ 44.07.

    AZK 4.13

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  3. JakeGint

    Eggsactly.

    Note: NG was a limit buy. I have a lot of fishing poles out.

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  4. JakeGint

    Good day to buy PPT “strong buys” like NXG (@1.85).

    Will get more if it goes to $1.77.

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  5. Eric

    Gold is green, and so is the dollar? Interesting?

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  6. JakeGint

    Been true for a lot of this year. In some cases the POG moves faster as the dollar turns up.

    Not quite sure what the explanation is, save that maybe both are flights to safety.

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  7. Eric

    Shorting ZSL

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  8. JakeGint

    If you were thinking about getting some of these PM’s, they are on-sale today, but may be bid up into the close.

    PAAS @ 19.09 last purchase of the day for me.

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  9. JakeGint

    Shorting ZSL.

    Interesting. Probably a lower risk proposition than going long AGQ, mathematically speaking.

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