RM's occasional market calls...
- Thread starter Rearden Metal
- Start date
Quote from JohnTack:
wow! what a pityI thought we are sitting till history highs breakout in metals full size.
impressive call anyway!
I disagree that today's move was anything out of the ordinary, although I guess it depends on how much bp you commit to momentum plays intraday.
But I don't doubt that there's a lot more potential there, given RM's history. I personally can't see it in the price & volume, but I don't trade metals or trade the same kinds of moves (couldn't see it in the earlier silver call either).
It might be better to wait for retaildaytrader to make the opposite call though. Then you've got the double green light
Good luck to anyone taking the risk. Personally I'd like to see RM continue nailing it in his endeavors. Makes this board more interesting.
Two more limit orders got filled:
Sold another 1/4 of DGP position at $40.37
Sold 1/3 of AGQ position at $142.83 (filled over an hour ago- should have posted the update quicker, I know- was preoccupied with three other things going on here...)
Sold another 1/4 of DGP position at $40.37
Sold 1/3 of AGQ position at $142.83 (filled over an hour ago- should have posted the update quicker, I know- was preoccupied with three other things going on here...)
So here's where we stand going into the weekend:
30% of BP: Long SSO
7.5% of BP: Long DGP
10% of BP: Long AGQ
52.5% of BP: Cash/Flat
All positions have slight to moderate unrealized gains at this point.
_____________________________________
I'm probably premature in mentioning this, since this trade isn't done yet, and could still end up a loser. But it's on my mind now so I'll say it anyways: To those who were able and ready to piggyback me, you may wish to consider using 5% to 10% of your profits to benefit society... via one of my two favorite charities, of course. It's just a suggestion...
1) Law Enforcement Against Prohibition. I think the name says it all. (Fully tax-deductible.)
http://www.leap.cc/cms/index.php
2) Great Lakes Rabbit Sanctuary.
"Provides a safe haven to abandoned, abused, and neglected domestic rabbits with the goal of adopting them out to loving homes. Those rabbits who are not eligible for adoption, due to either health or temperament, live out their lives peacefully at the sanctuary. We also strive to educate the public regarding the joys of having a house rabbit, rabbit behavior and health, as well as the importance of proper diet and care."
(Also fully tax-deductible.)
http://www.rabbitsanctuary.org
<img src=http://www.rabbitsanctuary.org/gallery/main.php?g2_view=core.DownloadItem&g2_itemId=1308&g2_serialNumber=1>
30% of BP: Long SSO
7.5% of BP: Long DGP
10% of BP: Long AGQ
52.5% of BP: Cash/Flat
All positions have slight to moderate unrealized gains at this point.
_____________________________________
I'm probably premature in mentioning this, since this trade isn't done yet, and could still end up a loser. But it's on my mind now so I'll say it anyways: To those who were able and ready to piggyback me, you may wish to consider using 5% to 10% of your profits to benefit society... via one of my two favorite charities, of course. It's just a suggestion...
1) Law Enforcement Against Prohibition. I think the name says it all. (Fully tax-deductible.)
http://www.leap.cc/cms/index.php
2) Great Lakes Rabbit Sanctuary.
"Provides a safe haven to abandoned, abused, and neglected domestic rabbits with the goal of adopting them out to loving homes. Those rabbits who are not eligible for adoption, due to either health or temperament, live out their lives peacefully at the sanctuary. We also strive to educate the public regarding the joys of having a house rabbit, rabbit behavior and health, as well as the importance of proper diet and care."
(Also fully tax-deductible.)
http://www.rabbitsanctuary.org
<img src=http://www.rabbitsanctuary.org/gallery/main.php?g2_view=core.DownloadItem&g2_itemId=1308&g2_serialNumber=1>
I have to admit that this is probably one of the smartest ways to use the free market to support a chosen cause that I've seen.
Did not take a position, but seeing this kind of creativity is quite interesting and makes me reconsider my policy of never acting on calls. I've long been aboard for decriminalization, but without a doubt I'd donate a portion if I'd been in and turned a profit.
It's hard to have much hope for an effort like this given the cultural conservatism of the U.S. and the impact that decriminalization would have without a gradual phase-in. Advocating for policy change at the institutional level, within law enforcement, is smart. One of those small areas that could actually affect a tipping point.
Smart thinking.
Right, and that's why so many people don't realize that domestic rabbits (the kind people pick up from the pet store on a whim, and then discard when no longer wanted) absolutely can't survive on their own in the wild. Unlike wild rabbits, they simply don't know what to do and don't have a family to teach them. The ones with lop ears can't even hear properly, and get run over by cars. That's why GLRS.org is needed...
