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OldWarrior

OldWarrior
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  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    Raised my bid to 42.88 and got picked up. My minimum sell price is 44.71, but set a sell at 46.95.
    Set a Buy for NUGT at open in our Challenge, which I will hold until Gold breaks 1300 again. I sold my 1100 (NASDAQ:BWEN) today for a 2.4% gain. Again, my BWEN was not in my Study List, so I didn't want to pollute my study by it being an "Outlier" compared to the S&P Metric.
    Aug 21 08:09 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    I am going to follow my own advice, and try to buy 100 shares of NUGT after Hours tonight at Schwab (Limit 42.85), with the intention of selling out at ~47 or at ~2 Eastern Friday, whichever comes first.
    Aug 21 07:54 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    As so aptly demonstrated by Justin's meteroric rise, followed by an equally fast decline. It may "pendulum" some, but if you stay in long, eventually you will make little. The trick is to set a target sell price that is achievable, then get out. Here is where "Hogs get Slaughtered".
    Aug 21 07:50 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    @Crade
    Fits the description exactly. Notice the "Pump and Dump" on it's chart back in late 2013.
    PE of 65. At least it does actually make some money.
    I dabbled in Penny Stocks a few years ago, and still get spam from those scams.
    While I made great money on Nokia when it was under $3, that was an exception to my trading. I rarely buy any stock under $5 unless there is some powerful motivator. In Nokia's case, they had a massive contract with (NASDAQ:MSFT) to develop Windows phones. Once that ended by MSFT buying their phone division, I got out at >$6 and never looked back.
    Aug 21 02:09 PM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    As my favorite Thoracic Surgeon always said "All bleeding stops eventually!"
    Aug 21 01:59 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    EA and jhooper
    If you can move this over to the other Blog (Chapter 77) I'll put my 2 coppers worth in.
    Since I have been having to do the family shopping of late, I have some pretty strong opinions about inflation. I hope to start my own "Inflation Basket Jan 1. In the meantime, I need to find out exactly what the Government puts in their "Basket, and where they are shopping to be able to claim such low inflation. Maybe they are shopping at Sam's Club!!!
    Aug 20 10:18 PM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    Heh I've been really wishing I could see what trades keep bringing people up to me, and sometimes past me, only to fall away again.
    It's the Slow Creepers like C. and John B. that are going to eventually pound me into dust.
    Aug 20 08:18 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    Still early in the evening, but the futures are up so far tonight for tomorrow. Keep that TZA powder Dry; but I wouldn't load quite yet.
    I don't think that the Challenge allows for "After Hours" Trading, but that is when to buy those Tr Shorts in RL. They usually open within 20 cents or so of the Day High, ex Market Crash. (not a minor weekly profit taking like early today).
    Aug 20 08:12 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    I'm expecting to lose some ground before my latest trades catch some momentum. To replace the 3 I sold, I bought (NASDAQ:BIIB), (NYSE:ETE) and (NASDAQ:NEOG). I also added (NYSEARCA:XBI) later today. All these have been selected from the above mentioned list in my Blog.
    Aug 20 03:11 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    @John;
    Look into doing Contract work for Home Care for Disabled Veterans. They pay a tad over $16/hour for 2 hours/wk to clean the Vet's houses, and a tad over $58/Hour 2 hrs per week for Personal Care like helping us Bathe, get dressed, stuff that we can't do, like I cannot get into and out of the Tub without help (my W/C doesn't fit into the BR within reach of the Tub, and I cannot bend enough to tie my shoes.). Since my wife's Stroke, I have had help in here, and they even help with Grocery Shopping. The Aids need no special training because they can't do "medical care" like trimming toenails.
    Call the nearest VA Hospital "Community Health" department for details and requirements. The VA has expanded their Home Health services since taking all the heat of late. Big budget increase passed.
    If you message me, I will try to get you more info.
    Aug 20 12:58 AM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    IT
    In retrospect, that TZA may be good tomorrow (8/20).
    I may buy some at open if I can get up that early.
    I locked in 9.15% gain on the (NASDAQ:ARII), and 13.46% on the (NASDAQ:JAZZ). Not bad in under 2 weeks. Ony 2.81% on the (NYSE:TRGP) but that was in only 7 calendar days. I'll take that annualized any day. My math isn't great this late with the Meds, but that's like 146% unless I'm wrong.
    Aug 20 12:33 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    LMAO
    I listed all mine, as well as the source.
    BlockDesk.com is open. You can buy the Daily Top Ten out of ~2500 Stocks and get 3 months worth of Tools to use to decide which to buy and do the desired tracking via the Tools. For a Primer on using the Tools, Look at my Blog at http://seekingalpha.co...
    I'll even discuss my Blogs on SKYPE with anyone interested in "Training Wheels". Essentially I explain how to pick the top 4-6 from each list of Ten. You don't need to show me your screen or Video, I'll show you my screen as I talk you through it.

    Tomorrow's Futures are down a bit late tonight, so it will be interesting to see if Justin's stocks hold up in a minor retreat. 2 of mine hit their Sell Targets today so I banked about half of my Gains. If we hit a down day, I'll use that to buy Dips on stocks that are still favored by the Market Makers. I AM going to put a Stop in on my (NASDAQ:BWEN) as it is vulnerable. I have no MM Data on it, I just bought it because I made a lot on it in RL and it had dipped again. It's really a gamble, while the rest have good Data backing them.
    Aug 19 11:38 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    I cut/Pasted that conversation on the Medical Field over here after seeing John talking about his new business, which I assume may have something to do with Medicine after seeing his last sentence.
    I spent MANY years in the medical field, so if you have any question John. fire away.
    Aug 19 07:05 PM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 76.... [View instapost]
    John Wilson
    , contributor
    Comments (1093) | + Follow | Send Message

    Jh
    I agree.
    Obamacare will eat away at the disposable income of the middle class like a flesh-eating bacteria. And just wait till the employer mandate kicks in, in 2015. More layoffs. Another thing, if you think Obamacare works bad when just an individual or family is trying to sign up for it, just wait until a whole company of 20 employees tries to sign up.

    It is already bogged down under its own administrative rules as it is.

    Remember too that the Advance Premium Tax Credits [APTC] - the taxpayer is supposed to get these, are really insurance company subsidies.

    The "consumer" applies the APTC to his insurance premiums (doesn't actually get them); they are a direct loss of revenue to the government as they are a transfer payments to the insurance industry. They are deficit spending transfer payments that create money, "Ex nihilo" for the insurance companies.

    What they are costing are not reflected in the deficit yet.

    After all these APTCs that have been given to the insurance companies, they will still need to raise rates as you have said.

    The APTCs will probably be a nightmare in the upcoming tax season of 2015. There is no way to anticipate the turmoil and anguish that will result when people try to do their taxes and reconcile the Obamacare APTCs and maybe find out they have to pay some of it back!!

    2015 will be a bad year. The pain may start before the end of this year.


    14 Aug, 11:23 PM Reply ! Report Abuse Like 0
    jhooper
    Comments (5328) | + Follow | Send Message

    I saw the 10 yr down near 2.30 today.

    Just a note on taper. Last by this time, the Fed balance sheet had grown by about $650 billion. This year is about half that.


    15 Aug, 06:25 PM Reply ! Report Abuse Like 0
    OldWarrior
    Comments (2272) | Following | Send Message

    In actuality, most of these "Additional Costs" to the middle class are already being paid by the government in the form of deficit spending payments for medical care via medicaid (not to be confused with Medicare). In other words, a considerable portion of government spending on medical care for the uninsured or underinsured is simply being brought into daylight by switching the care costs from the government to the population. These huge costs have been being paid all along, but by the government. It's only when these costs got shifted to the population at large that the true cost of our bloated medical care system is being revealed, and felt by everyone. Medicine is a huge consumer of dollars; but the people have been shielded from seeing the massive spending on medical care in the past by it being paid from government coffers. The gov coffers are empty, thus the populace has to take on these costs. Now seeing just how much Medicine is eating from the GDP, perhaps some changes to how we spend our medical care dollars can be addressed. Defensive Medicine is the single largest waste of care spending. Doctors must order extra tests to tell them what a good clinical exam has (or should have) already told them. A typical example is my wife's stroke. A clinical exam easily defined the CVA (Cerebral Vascular Accident) was located in the left MCA (Middle Cerebral Artery) diagnosed by the speech impairment, the loss of Rt side limb function, and the other symptoms that medicine knows are located in very specific areas of the Brain. A CT was indicated only to define whether it was a bleed or infarct (blockage). Treatment for each is opposite. There was no valid reason to do an MRI as the stroke had reached full maturity by the time they did that, yet this very expensive test was ordered to confirm what everyone already knew. I only allowed it to be done because I thought that they were going to include a look at the arteries leading to the brain (which were unsatisfactorily assessed via Ultrasound (I had to teach the incompetent tech how to see her vertebral arteries).

    The bottom line is that this money is currently being spent. People only feel it when their share has to come directly from them and not via Medicaid.

    Insurance companies should be regulated like Utilities to prevent overcharging. Medical care should also be limited in liability when something that a reasonable person should be able to draw a logical conclusion, and need not be confirmed by excessive tests, only those necessary. Payments should be limited to actual costs rather than charging whatever the market will bear. For example, my wife was charged >$300 for the interpretation of her MRI, perhaps 10 minutes work by a radiologist ($1800/hour at that rate). Being insured under my Veterans Insurance, they authorized ~$75 and by law could not bill me for the difference. Ordinary Insurance companies have to pay that $1800/hour rate as they have no legal protection from such excessive fees.
    Don't blame ObamaCare for revealing the truth about medical fees. Legislate such fees to reasonable levels as the VA does (when paying for non-VA care), and indeed Medicare does in Inpatient cases. Medicare pays a flat rate per admission depending upon the diagnosis, regardless of tests and procedures done. If Outpatient work was equally controlled, the costs you are now revealed would be reduced unimaginably.


    15 Aug, 11:29 PM Reply ! Report Abuse Like 1
    crademan
    Comments (906) | + Follow | Send Message

    Old Warrior, First of all, best wishes to your wife for a speedy recovery.

    Thanks for explaining how the practice of defensive medicine is increasing unnecessary testing. The big five MRI device manufacturers (Hitachi, Toshiba, Siemens, Philips, & GE) benefit when physicians prescribe an unneeded MRI to defend themselves from medical malpractice claims. Do those companies run ad campaigns to encourage doctors to overuse MRI machines?

    Your innovative suggestion to regulate medical insurance companies as public utilities makes a lot of sense. Because insurance companies are regulated differently by each of the 50 U.S. states, that will be hard to accomplish. A relative of mine went into health insurance sales. I was surprised to learn that by law in Arizona, insurance agents have fiduciary duties to serve the interests of the insurance companies for which they work, but not to the customers who purchase insurance policies. Only in the sales of Medicare supplement insurance policies does the Federal government regulate insurance company practices in favor of the customers.


    16 Aug, 11:08 AM Reply ! Report Abuse Like 0
    jhooper
    Comments (5328) | + Follow | Send Message

    If you could get one state in the union where there was no regulation of insurance, that state would have the lowest insurance costs and the lowest medical costs and a thriving medical tourism business.


    16 Aug, 06:43 PM Reply ! Report Abuse Like 0
    OldWarrior
    Comments (2272) | Following | Send Message

    Their add campaigns are extensive in medical publications, as well as personal monthly (at least) visits by representatives showing off new software as well as system addons to existing customers. Additionally, every medical conference and seminar is swarmed by salespeople. The largest I attended regularly was the Radiological Society of North America, held annually at McCormick (sp) Place in Chicago. This is a massive convention center, perhaps the most Sq footage anywhere, all packed inside with equipment. Entire Semi-Trailers are brought in and parked inside. The amount of hardware brought in probably exceeds a billion $ or more. Every medical imaging device imaginable is displayed, with concurrent massive promotion of each's supposed capability (often exaggerated).
    With the financial power of the combined insurance industry, regulating them will be all but impossible without a massive (virtually a revolt) "grassroots" effort. The amount of money they control may be larger than all the top 10 banks in the US combined.
    The politicians had little say in Obamacare. That law was written by and for the insurance industry.


    16 Aug, 08:46 PM Reply ! Report Abuse Like 1
    OldWarrior
    Comments (2272) | Following | Send Message

    @jhooper
    Only if you can somehow assure no collusion among them. How do you do that without regulation? It's an unsolvable paradox.


    16 Aug, 08:50 PM Reply ! Report Abuse Like 0
    jhooper
    Comments (5328) | + Follow | Send Message

    Collusion is a cartel. Cartels always fail. Even gov regulation that attempts to enforce the cartel eventually fails, like smuggling. Theres a great book out about how smuggling built the US. The smuggling was an end run around Britain's enforced cartels.
    16 Aug, 09:08 PM Reply ! Report Abuse Like 0


    Interesting Times
    Comments (10132) | + Follow | Send Message

    Author’s reply » OW and HOOP

    A favor. Could you guys carry this conversation over to the regular chapter ? We get a bigger audience there. This way others might join in I appreciate it.
    Aug 19 06:57 PM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! THE CHALLENGE ,PART 2 [View instapost]
    (NASDAQ:ARII) and (NASDAQ:JAZZ) sold at PT today ARII @ 80.96, JAZZ@158.04. JAZZ has since fallen to <154 after hours. I may pick up more of it on a dip around $150.
    I've now sold all of my accounts that put me in Margin, so have about 110K to spend on any pullback. There should be at least 1 day this week when people start taking profits.
    Aug 19 05:33 PM | 1 Like Like |Link to Comment
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