Seeking Alpha
  • Robert Edwards
    Time To Buy DUST instead of $NUGT. Check out my article here. http://seekingalpha.com/p/19dyk
    8/11/13
    Reply (14)
    • Perkins Cove: Even with the best intention, $DUST/$NUGT are best day traded. Or traded with minimal funds. Would you agree?
      8/11/13
    • Perkins Cove: Risk arbitrage requires right sizing. Right?
      8/11/13
    • Robert Edwards: They require perfect timing and are best purchased in small increments -- average down. If buying 200 shares, buy 25 to 35 shares at a time
      8/11/13
    • AdrienneND: DUST continues to rise but slowly. Seems like now is a good time to get in but will need to continue to hold the position for a few days.
      8/13/13
    • Robert Edwards: Best time to buy was yesterday on dip, with prices $63 and lower. I would not add above $65 as we might have to still trade $50 to $55
      8/13/13
    • Robert Edwards: Should bottom over next 5 trading days but good chance $60 is not the ultimate low. If buying above $65, I would not take profits quick.
      8/13/13
    • Robert Edwards: Correction, I would indeed take profits quick, after $1 pop.
      8/13/13
    • Robert Edwards: At minimum we should trade $61 to $62 again some time on Wednesday, 8/14/13. That is good place to put on 1/3 of a position.
      8/13/13
    • Perkins Cove: It seems that 1980 (he of the campfire) has chosen well......http://seekingalpha.com/s/hcflw
      8/13/13
    • haggerston_station: You've been spot on Robert. Why do you see the bottom $50-55?
      8/13/13
    • Robert Edwards: After 3 down days, there is 1 to 2 up days usually then a retest of the lows. With 3 down, 1 or 2 up, then 3 down completes cycle.
      8/13/13
    • Robert Edwards: Major support in 50 area and should bounce from 50 if it gets that low. Will refine trading plan as trade unfolds. These are plans for now
      8/13/13
    • AdrienneND: What are your thoughts on buying at the DUST low at around $60 and holding for a couple of weeks rather than days?
      8/14/13
    • Robert Edwards: Bot today high 56s and low 57s. Will add down to 50 if we get that low. Should top out in gold today and DUST should start up soon.
      8/14/13