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  1. Gringo

    When All Else Fails Blame "Free Markets"

    An excerpt (LFYE ch20)" Economic analysis by itself cannot judge whether drug prohibition is a good or a bad policy. Ultimately citizens and policy makers must incorporate their value judgments before deciding whether it is good or bad for the government to, say, punish convicted cocaine...
  2. Gringo

    When All Else Fails Blame "Free Markets"

    Piezoe, You are not a would be libertarian if you believe we live in a perfect world. The idea isn't that there's no theft and bad people around. The idea is that giving the government the monopoly in violence is what gets one the worst deal, where choices are limited and one cannot escape...
  3. Gringo

    Stocks Analysis Using Price Action

    AAPL Oct calls around the lower channel. Gringo
  4. Gringo

    America's Poorest Shoppers Are Putting Discount Stores Out Of Business

    It's not a bad thing that consumers aren't buying. The artificially low interest rates for some time do boost consumption and investments. This though happens at the expense of savings. The credit expansion induced boom goes to bust and this lack of savings is the reason. It's at this time...
  5. Gringo

    Gold, Silver, and Indexes Using Price Action

    Hi Ged, I have been busy during the summer with other things. I am not sure what you are asking about, as whatever Db has written is available online. Is there a specific topic you were exploring? I would advise to contact Db directly, instead of relying on second hand information from someone...
  6. Gringo

    Gold, Silver, and Indexes Using Price Action

    The trend continues. Lets have a look at the good old monthly. It seems to continue with its accelerated ascent. Keep an eye on price as always, and know that it has to first show signs of weakness before the major trend can be considered over. Monthly: Weekly: Gringo
  7. Gringo

    Stocks Analysis Using Price Action

    AAPL calls have been sold for a loss. This one wasn't working from the start.
  8. Gringo

    Stocks Analysis Using Price Action

    It's all in hindsight. The earnings getting closer had me more worried. Nonetheless, it wasn't a bad trade, just not super good. The waves are still in motion, and the surfer intact. Gringo
  9. Gringo

    Stocks Analysis Using Price Action

    BBRY has jolted me. Ah! what can I say. :) Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader...
  10. Gringo

    Stocks Analysis Using Price Action

    Buying some calls of AAPL. The hourly is giving a buy.
  11. Gringo

    Stocks Analysis Using Price Action

    BBRY has been moving up slowly. It has picked up some steam lately. The options are showing over a 50% profit for me so far. I have exited the position as the earnings are only 7 business days away and I don't want to be caught with these calls in my hand. Whether the earnings propel the...
  12. Gringo

    Stocks Analysis Using Price Action

    There's a fable about a monkey who sticks his hand in a jar to get beans and gets his hand stuck. He wouldn't unclench his fist to get his hand released. He wouldn't even let go of a few beans to make his fist smaller. Now here I am. I am that monkey. I have stuck my hand in the jar. But I...
  13. Gringo

    Stocks Analysis Using Price Action

    July 19 calls, in the money. I basically looked for the most liquid as the spreads weren't user friendly. So far it seems the demand is steady and price isn't giving up the rise. Gringo
  14. Gringo

    Stocks Analysis Using Price Action

    As in Calls and Puts. The do or die way. Gringo
  15. Gringo

    Stocks Analysis Using Price Action

    I am in BBRY. More to buy as conditions get better. Only calls this time. Gringo
  16. Gringo

    Stocks Analysis Using Price Action

    BBRY is showing the early signs of a potential long. If price manages to rise here then one may try a long. The strength is that sellers didn't chase the price down to around 7. We have had a SL break and a RET taking place. Whether this turns into a buying opportunity is yet to be seen...
  17. Gringo

    Gold, Silver, and Indexes Using Price Action

    These are dark times.
  18. Gringo

    Gold, Silver, and Indexes Using Price Action

    Seems like it. I was unavailable for a few days so a lot of that had some say in the decision to take it easy.
  19. Gringo

    Gold, Silver, and Indexes Using Price Action

    Gold price has formed a hinge. Until it resolves, it's better to wait. Gringo
  20. Gringo

    Gold, Silver, and Indexes Using Price Action

    88.6 for Q's and 3624 for NQ were both again rejected. I wasn't willing to sit there and wait for the inevitable to happen when price tried to go above those levels a few times and failed. Gringo
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