let's just say, 6 days ago, a lot of people longed the indexes.

some people think it will reach those predicted highs... it might not, but who knows.

the people that longed 6 days ago on that double bottom (dow), and doji (sp500), are all deep in the money now and locked in.

some people will take profits earlier, but some will hang on till it reaches the expected target.

once it reaches the expected target, some people will short it right away. and play the reverse and... the exact same thing i said above will happen, except on the down side.

Hopefully this uptick will push up the precious metals, they've been lagging for quite some time.

Amrn... Stay safe guys

shieeet

Botched stock trade costs Japan firm $225M - Business - World business | NBC News

lulz

Sooo... anyone else lose like 70k+ today? lol

I'll spare everyone the details, but dear god what a disaster that ADCOM was, followed by a pathetic CC.

Tough break for AMRN, the FDA basically screwed them with the wording in the briefing docs, which is why there was a slight sell off after BD were released, some were smart enough to see it coming - doesn't explain the sell off the week before though... SEC *Cough* *Cough*

Either way, I'm willing to wait as things progress to the actual PDUFA date. @ 2$/share I see a very limited downside at this point, why bother selling.

:suspicious:

Sounds like you've been too emotionally/personally invested into this ticker and/or reading Yahoo Message Boards

I wouldn't go so far as to say emotionally invested, I'm totally aware of the risks, the science, the nature of small cap biotech companies, etc.

It's strictly a matter of risk management, and at this point in my life, I am willing and able to accept the potential downside of "risky" decisions.

If you would have listened to the ADCOM you would understand the level of frustration amongst many of the investors, some of the panel members had no idea what was going on (Some couldn't even remember the correct name of the study itself or the endpoints), the ones that did believed the actual voting question should have been changed, IMO anyway. I'm actually amazed it got 2 positive votes.

I personally have no interest in buying blue chip dividend paying stocks that will take 1000 years to make me rich, 70k setback (assuming there is no recovery in the future) sets me back about 6 months financially, so meh.

This thread is no better than stocktwits or the lot, at least I am 100% transparent about my gains/losses by posting my position on the regular. I often wonder how some of the others fair in this thread.

Now that I sound all defensive, here's a fun fact, my TFSA went from being over 45k at one point, to it's current 8K lol.

Definitely appreciate the transparency/owning up to a position, win or lose.

agreed.

Anyone else made tens of thousands today? GOOG, AMZN, BIDU, CMG WOO

My parent's portfolio on GOOG is looking more and more incredible... my prediction of GOOG breaking 1k wasn't too out of whack. :fuckthatshit:

My parents have 400 GOOG@380... :fullofwin:

But then I'm wondering how far GOOG can go...

They invested ~150k each in AAPL@102/GOOG@380... when AAPL hit 600, I told them to sell... they ended selling all for ~603, making more or less 5x their investment.

I'm not sure they can replicate that with GOOG.

Great tidbit. Everyone loves to relish on their wins. I'm a mining guy yet all my mining investments are in the red. My non mining investment gains have easily covered my losses on mining to the point I take profits only to deploy it into mining stocks once again. I have great luck too - potash cartel disbanding, Mongolia, Peru and El Salvador expropriating. time to stick to non-mining.

Or time to double down on mining, and not look at them for 2-3 years (or whenever we get li quite back into juniors)

It's been rough as fuck for the juniors and majors of late, and the job market, so rough in mining right now

So Icahn declared that his company has been selling their shares of NFLX.

I'm so tempted to buy put LEAPS now. :megusta:

PVG.TO Down another 27%

And 2 legal firms looking into possible legal action....which only spells more negative for PVG.To.

Never did get that pm from Mr. Money, still interested in PVG. I'll buy pvg still when the dust settles.

If I was an insider, senior manager or board member and the stock price is getting crushed to which I believe the market is behaving irrationally - this would be the perfect time to load up on the shares. Home | Canadian Insider and www.sedi.com will break down insider shareholdings and any purchase/sell orders. Insiders are not taking advantage of the current low share price. I wouldn't bother. At their current market cap, there are other companies out there at the same level where their projects have gold and silver streaming companies fronting cash and de-risking it for a retail investor.

great time to buy but there are other sectors equally as dead.

I look for industries where the company/stock price/market cap have yet to return to their pre-crash levels. Mining is one. Gambling is another. My LVS shares have been on a tear (purchase at the 30 level). Gambling is where all the cash is going right now. It makes sense as the largest population in the world gives us the largest number of problem gamblers. Macau is constantly hitting home runs. More casinos will come online in Asia but they're dependent on the China gamblers and China actively restricts travel. SG has yet to hit a home run so the new casinos due to come online in Phillippines, Taiwan, Korea and Japan may suffer from the same SG risk. There are also companies building casinos along the Russia/China border to take advantage of the China crowds. Everything is dependent on the China govt and for the time being it is centered in Macau. I have been trying to buy MPEL and more LVS (over $70) but they have had huge runs. LVS is still trading off its 2008 highs ($150) so the decision to double down on the mining stocks makes the same compelling argument.

Agreed.

Note of caution though: I recall the CUU execs purchasing a LOT of shares with the dips back several years ago...Those still have yet to pay off

doubled my account shorting crude the past week.

I'm short emini sp500 now with a small risk exposure (275)... multiple double tops showing on smaller charts

bought crude also with a minimal risk exposure (150)... anticipating trident formation.

indeed. I would like to believe insiders know better than we do. Mining is in the perfect storm right now. At current levels I would not go near exploration companies when I can buy near term production. Why pay for the company to.explore and drill out the resource when I can buy proven reserves for the same price.

I'm looking at bear creek mining, Augusta resources, Nevada copper.

If you're going to look at exploration companies, make sure theyrr sitting on a large cash position. I would hate for them to do a round of financing at current pricing to dillute me. Look at new pacific metals -30m in the bank. True gold mining. Also, the.revscene love 'can'has been jettisoned and the company has.brought in the old red black mining people to run it. CN had previously raised a massive financing so theyrr sitting on a large cash position.
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Lol... Pvg
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Interesting stuff on PVG.

I mean, it's heavily discounted if there is actually gold (Strathcona was wrong) and the project is feasible.

Other hand..... the different methods used is surprising to cause such drastic differing results. I mean, why would Pretium hire a reputable firm like that if they were out to scam investors? Strathcona was part of the unraveling of the Bre-X scandal.

Could be a dead cat bounce before everything falls apart?. It'd be interesting to hear Mr. Money's input.

When it rains it pours;

Amarin Files 8K - Other Events >AMRN - WSJ.com

I'm quite certain that if the FDA was a business, they would be getting sued for breach of contract.