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Robert Edwards

Robert Edwards
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  • Buying These Lucky $13 Stocks Petrobras (PBR) & Halozyme Therapeutics, Inc. (HALO) [View instapost]
    $18.18 high. If you use $3.86 low, a 50% correction of the up move from $3.86 to $18.18, would be $11.02, and yesterday we hit a low of $11.28. If you use $4.61, the lowest close, a 50% correction is $11.39
    Mar 28 10:46 AM | Likes Like |Link to Comment
  • After Today's Selloff In The 3X Leveraged Gold Mining ETF (NUGT), What Is Next? [View instapost]
    DUST has not decayed because there have been more down days than up days since it began trading. NUGT decays on down days, DUST decays on up days. There have been a lot more down days than up days in GDX over the last couple years.
    Mar 27 04:49 PM | Likes Like |Link to Comment
  • A Timely Look At Quintiles Transnational Holdings Inc. (Q), And Halozyme Therapeutics, Inc. (HALO) [View instapost]
    We did not get an up close to confirm the signal based on the homing pigeon. Now, we are greatly oversold and at very low prices now and GDX is approaching major support at 23.00 so sure, I would buy GDX/NUGT today!
    Mar 27 10:07 AM | Likes Like |Link to Comment
  • A Timely Look At Quintiles Transnational Holdings Inc. (Q), And Halozyme Therapeutics, Inc. (HALO) [View instapost]
    I figured as much, as I did not remember hearing about the IPO last year. Just a change of exchanges. Thanks for the clarification.
    Mar 26 09:30 AM | Likes Like |Link to Comment
  • Gold/GDX/NUGT/JNUG Turned Down On A Dime.....They Can Turn Back Up The Same Way! [View instapost]
    I agree that there is no reason to play with the leverage. However, since many are playing the leveraged trades and they could use some support, I have ventured into the cesspool of leveraged ETFs to try and keep them and myself afloat. I like the challenge. I want to see if one can play the triple ETFs and not drown. However, for most investors, GDX and GDXJ works just fine and gives one more staying power in severe downturns. The optimum time to play the 3X ETFs is after a big smackdown and things have settled down and we start moving back up. At that point one has a nearby support area to place a stop at.

    Thanks for the reminder almoni to use extreme caution when playing the 3X ETFs. That is also why I scale buy, scalp to lower average price, I try to balance with the opposite ETF, etc.
    Mar 25 01:21 PM | Likes Like |Link to Comment
  • Gold/GDX/NUGT/JNUG Turned Down On A Dime.....They Can Turn Back Up The Same Way! [View instapost]
    Agreed. If $24 does not hold as support in GDX, we could trade down to $23. If $23 does not hold as support. I see the possibility of a correction further to a low of $22 in GDX. I do not under any circumstances see a move lower than $22 in GDX. Should that occur, NUGT could be trading as low as $27. Then on a rally back to $31 in GDX, NUGT would pop to $60. If GDX bottoms at a price higher than $24, then the next top in NUGT should exceed $60. I anticipate $24 holding as support but I felt $24.80 would hold support and NUGT would stop falling at $41 and I was wrong on that one.
    Mar 25 01:04 PM | Likes Like |Link to Comment
  • Timely Trading Advice For The Week Of March 24-28, 2014 [View instapost]
    Halo and Gild would be excellent choices for put selling, now that they have both fallen to lower levels which increases the put premiums one receives. Especially with Halo, it is in an area that provided support in the past and tho it may not immediately rally back up, the downside should be limited.

    Regarding CLF, selling 20 strike puts might well be a good trade for this week as there is a good chance we close above 20 by Friday. I expect we should be moving back above 20 shortly.
    Mar 25 05:14 AM | Likes Like |Link to Comment
  • Gold/GDX/NUGT/JNUG Turned Down On A Dime.....They Can Turn Back Up The Same Way! [View instapost]
    Golden crosses as well as death crosses are very unpredictable as indicators. They tell you in the case of the golden cross, that you have been in an uptrend for some time and by the time it occurs, it may be time to go the other way. What matters more is the level one is trading at when the cross occurs. The lower one is priced when the golden cross occurs, the better. Higher is better for the death cross to work.
    Mar 25 05:09 AM | Likes Like |Link to Comment
  • Now That Petrobras (PBR) Has Bottomed, How High Could It Go? [View instapost]
    I did some more calculations to predict the high of the week of March 24-28, based on previous rallies out of the bottom. Based on previous rallies out of major lows, it would appear we should top somewhere between $11.92 to $12.75 this week before correcting back 52 to 75% back down.

    But using the close of the first up week out of the bottom, which on this correction is Friday's $11.59 close, the high this week should be between $12.04 and $12.35. On Monday, we hit a high of $12.04 so I liquidated my position before the close. We closed today at $11.97 and then after the close S&P downgraded Brazil which could put pressure on PBR the rest of this week. Will have to wait and see if $12.04 turns out to be the high of the week, or PBR can rally more.

    Whatever the high of this week turns out to be in PBR, we should then correct back down 52 to 75% of this first up move. Once the high of this week is known, I can come up with a buy zone to load back up on PBR.
    Mar 24 11:18 PM | 2 Likes Like |Link to Comment
  • Gold/GDX/NUGT/JNUG Turned Down On A Dime.....They Can Turn Back Up The Same Way! [View instapost]
    GDX apparently did not get the memo, that there was a golden cross scored last week in the miners. The 50 day moving average crossed over the 200 day average. When that occurs one is supposed to be buying. Maybe things will improve soon.
    Mar 24 04:57 PM | Likes Like |Link to Comment
  • Gold/GDX/NUGT/JNUG Turned Down On A Dime.....They Can Turn Back Up The Same Way! [View instapost]
    Gold has fallen 6% from the highs from 1392 to 1308 area. If GDX had fallen a similar percentage from $28 high, GDX would be trading at $26.32. Yet GDX has fallen to a low today of $24.29, an extra 7%.

    But looking at it in a more realistic way:

    Gold rallied $210 from $1182 to $1392. It has given back $84 or 40%. Miners have rallied from $20 to $28 so a 40% giveback would be $24.80 which was my low target that I thought would hold and keep NUGT above $41. GDX is about 2% weaker and NUGT about 6% weaker than it should be right now.
    Mar 24 04:32 PM | Likes Like |Link to Comment
  • Timely Trading Advice For The Week Of March 24-28, 2014 [View instapost]
    Just did another article, you can check it out here: http://seekingalpha.co...
    Mar 24 03:50 PM | Likes Like |Link to Comment
  • Timely Trading Advice For The Week Of March 24-28, 2014 [View instapost]
    I am trading many things to diversify and not have all my eggs into one basket, which means I will trade individual stock names. I have not done well with my last call to buy NUGT as we have fallen much further than expected, but otherwise my calls have not been that bad I don't think. Maybe you can enlighten me some on what call you did not like.

    Now that GDX/NUGT/JNUG have fallen this much, I am back to looking at fundamentals as providing some support to pull us out of this hole and make my account whole. So you may get more fundamental information in the future more to your liking.
    Mar 24 02:36 PM | Likes Like |Link to Comment
  • After Today's Selloff In The 3X Leveraged Gold Mining ETF (NUGT), What Is Next? [View instapost]
    Sounds like a plan, Lefty!
    Mar 20 09:09 AM | Likes Like |Link to Comment
  • After Today's Selloff In The 3X Leveraged Gold Mining ETF (NUGT), What Is Next? [View instapost]
    With April gold futures trading above 1368 area up to 1392.60, and with GDX hitting $28, I threw in the towel on the big correction move for now and that is exactly when it occurs. Anyway, I plan to sell out of NUGT on a pop to $47+ and will then look for a spot to buy DUST again. For now, DUST remains the play but hopefully we get some two way action that allows for NUGT & DUST plays at the same time.
    Mar 20 09:03 AM | Likes Like |Link to Comment
COMMENTS STATS
412 Comments
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