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S&P 500: 1,340.35 Change: -0.84%
JoeJustJoe
P&P Score: 99.81 | Points: 429.59 | Accuracy: 63.02 | Average Pick Score: -0.13   Annual Return: N/A  
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Commentary
SELL: ISHARES SILVER TRUST (SLV) Rating: 2
Start Price: $18.01
Points: -1.61
Created: 11/16/2009
Taking back me silber chort right cheeya at 18.08. 3J

24 Comment(s):

Author JoeJustJoe     Date 2009-11-18 10:47:51
Waiting for ZSL to takeout 3.97. 3J
Author bulld     Date 2009-11-18 11:01:59
I wasnt around this mornin,, Why is the market kinda down well kinda doin nothin ?
Author bulld     Date 2009-11-18 11:12:46
Doin nuthin huh ... My big pick.. the one that was gone fix my pp points UNG is gettin desimated LOL
Author JoeJustJoe     Date 2009-11-18 11:30:02
I wouldn't expect the natgas ETF's to git a bump until USO trades thru 41.92. And even then the bumpage will only be brief. I've got a little better handle on my GAZ than yer UNG. As of right cheeeya right now GAZ isn't even down to majer support yet. And then it'll need to move at least 30% lower than that befo it becomes a GOOG long term buy. Basically the scenario is that EVERYTHING gets decimated but the markets eventually realize thur is value in the natgas reserves the U.S. has in abundance. Foist the economony needs to lapse into a deflationary near-depression tho. >>> :-( 3J
Author bulld     Date 2009-11-18 11:46:45
Well if its any consilation its like that here already...
uh beepage on DPTR .... I hope ya get her done today ;-)
Author bulld     Date 2009-11-18 11:51:33
Is that you 500k buy order on .86 ;-)
Author JoeJustJoe     Date 2009-11-18 12:05:52
Uhhhm....DPTR can't beep again until the ADX line trades back up to at least 40. Burtski always makes that same Miss Take :-) DPTR beepd yestermaday and has already sold off. I will attribute the teeeny upside today as being the initial rally after the initial selloff. In general you don't miss a thang ifn you don't catch the low on the foist selloff cuz thur is "usually" a second selloff that soon follows to retest or take out the low of the foist selloff. That's what we are gonna see soon I "hope" Ifn my 500K shares doan git filt at .85 taint no biggie. Thurs ALWAYS sumphin. The 500K at .86 is "obviously" Roth...I'm at .85 :-) In reality on a play like this my total inbestment will be somewherst betwixt $500 n $1500 dollahs. "Speculative" bets are "sposed to" pay off in a BIG way so thur is no need to bet bigly. I'll leave that nonsense to TB who has learnt why you don't bet big at extreme highs the hard way. My only regret is that I sold outta them thur gold stocks like GSS, IAG, TC, PAL, NXG, and even that POS that is KRY that I was making $1000 bets on back in Aug n Sept of 2008! Talk about a WOW! :o But thaaaas OK, I'll be using ZSL to show em what happens whenst they try to get away from me. *-) 3J
Author JoeJustJoe     Date 2009-11-18 12:16:33
BTW, did you notice how RMIX werked its way outta truble? Now we just gotsta wait fo da beep n final wave o'selling. It even needs to actually selloff now to generate the beep....according to "the formula" of course. :-) 3J
Author bulld     Date 2009-11-18 12:17:07
Ya learn sumthin new every day ;-) or should I say ya remember sumthin ;-) Ya said that befo .... Where is Burt ... Ya dont see him about much... I hope he hasnt turned into a manmom ;-(
Author bulld     Date 2009-11-18 12:19:24
LOL I actually looked at the formula to see could I make sence of it... Mr wilder is one smart cookie.. ;-)
Author JoeJustJoe     Date 2009-11-18 12:32:32
Sheeeyot, Burt is knee deep in dirty diapers and goo goo gaa gaa :o Mr Wilder only invented the DMI indimacater...I sssthink I built a better mouse trap. Whenst (not if) GS "finally" trades to $40 dollahs I certainly "hope" you will agree. Of course by then you will be a stone cold killer! ...with the ability to single handedly take down somma the werlds best known instimatutions with the stroke of yer left hand cuz yer right hand will always be buzy tippin the bottle :o I'm gonna need some help rexscuing these fine companies whenst (not if) the bondholders are wonderin what to do next and I start from scratch in rebuilding America. Tell ole "nail foot" I'm gonna need his help. *-) 3J
Author bulld     Date 2009-11-18 12:38:30
LOL ....ole nail foot actually got a insurance settlement for doin that ... there was no sign on the gun not to shoot yerself LOL tas crazy ;-)

OOOOHHHHH NO, look where AIB is goin UH OH .. they obviously dont like the new chairman ;-)
Author JoeJustJoe     Date 2009-11-18 12:49:28
Like you said...ya learn sumphin everyday. I was actually planning on putting on a pair of steel toe boots this weekend and seeing if a nail gun CAN actually drive a nail thru the toe. Now I know it can. One less thing to do this weekend. Ya want I should let ya know how dousing my arm in lighter fluid n lighting it turns out? :o 3J
Author bulld     Date 2009-11-18 12:56:19
Hey that sounds good, If ya want an insurance pay out make sure the bottle doesnt say "do not set fire to yourself with this product" ..
Personally I am thinkin of going into manufacturing Hammers engraved with the warning , DONT HIT YOURSELF IN THE FACE ,
I think we really need that kinda instruction ;-)
Author JoeJustJoe     Date 2009-11-18 12:58:35
Well...2PM "ramp hour" rapidly approaching so let's see how much of a dent they can put in da VIX this time. I sho do like the way it is moving lower with the markets. Purrdixshu: From this point forward the VIX moves lower....the SPX moves higher...let's see :-) 3J
Author bulld     Date 2009-11-18 13:02:21
I saw that on the VIX ........ I thought that was strange,
There is no fear with the move down
Author bulld     Date 2009-11-18 13:09:06
RMIX to me "would have" looked like a buy here, the RSI divergance looks like a buy
Author JoeJustJoe     Date 2009-11-18 13:14:55
The only fear out thur is amongst the chort sellers. The last wave of em will be driven out into options expiration on Fri and thur will be no chorts left to come in and hold thangs up. The volume in the UUP calls the day before yestermaday told the tale o'things to come. Today we have O'Bomba come out and say we are going into a double dip recession so it is at least GOOG that the govmint...I mean, Wall St is still willing to telegraph thur next big move *-) The idiots that will get hit the hardest will be the goldbugs. Right now they sssthink that gold will be a safe haven whenst the trooth comes out about the finanshills. Plus they sssthink that the govmint money pump will continue to play into inflationary trends.Right now they believe they are winners no matter what happens. Maaaayun, are they in for a sooprise. Oooooooh boooooy. :-) 3J
Author JoeJustJoe     Date 2009-11-18 13:18:37
Lowest trendlow on RMIX is at .95 to .90 so feel free to buy ifn ya must. I promise....I'll be thur for ya whenst you capitulate at .54 centavos...and I'll be off by .04 centavos too. :-) I WON'T be thur for ya ifn news comes out overnight about a bankruptcy filing as it closes at say .65....and then opens at .30. :o 3J
Author bulld     Date 2009-11-18 13:20:57
No I an in no rush to get my ass kicked ;-)
the would have was past tence.... Now that I am a killa an all ;-)
Author bulld     Date 2009-11-18 13:23:15
Wasnt there talk of a second stimulus too...
Author JoeJustJoe     Date 2009-11-18 13:35:59
Yeah....the boyz at GS all decided to each take .0000078% of the bonus money they stole from everybody and they collectively came up with a $500 million "stimulus package" for the girls at the local strip club. :-) 3J
Author JoeJustJoe     Date 2009-11-23 09:10:31
The move in SLV this moanin left appx 3.5% upside by my projections so I wil be puling back my target on ZSL to at least the 3.75 area..."probably" a tad lower. The initial target for the rally in ZSL is still visible on the 10 day chart >>> 4.90. Not a bad week's werk ifn ya kin get it :-) 3J
Author JoeJustJoe     Date 2009-11-24 11:19:56
I'll forgo the 1.61% loss for a tad higher entry...altho it is "questionable" ifn silber will underperform the SPX to the downside over the coming mumphs. Each will lose 50%+ so the chort on silber might just be a werthless chort. 3J
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