[Xtabi]

Just sold my SPY and NVDA after three years of holding.

F80 here I come!!!

Yippyyyy!!!

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by Xtabi

Just sold my SPY and NVDA after three years of holding.

F80 here I come!!!

Yippyyyy!!!

When did you sell it?

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by F1Venom

I suppose it was. What's your opinion on the matter?

I think we will see a lot of volatility through the end of the year. Funds are trying to juice their returns, so they will continue to pile into the names that already worked this year.

The commodities will be where most of the whipsawing will happen. The dollar will probably continue to get stronger (at least relative to peers). The markets are still trying to price oil, so energy companies will have some large up and down days.

From a technical perspective, things look fine. The path of least resistance is still up.

[MrPrena]

Originally Posted by OneblkM3

What do you guys think of UGAZ at this level? It has to find a bottom near here. NG has to make a turn for the winter months.

El nino/nina effect.
Warm winter so far.
People are washing their cars on their driveway on Colorado December.

[Xtabi]

Originally Posted by nnnnnnnnnnnnnnnnnnnnnn

When did you sell it?

This past Thursday.

Argh but now there are delays on M3 CF roofs!

[F1Venom]

Precious metals.... This is what I like to see more of!

[PSUSMU]

Originally Posted by F1Venom

Precious metals.... This is what I like to see more of!

Did you double down?

[MrPrena]

Geesh, there is no bottom for OIL and it's ETF.

[F1Venom]

Originally Posted by PSUSMU

Did you double down?

I'll be adding to my NEM and NUGT longs tomorrow as long as NEM holds and opens above $20. I have a $27 target.

[Myrder]

since this has turned into less technical, what are peoples thoughts on NTDOY and GPRO?

I think nintendo has some potential.

[MrPrena]

Originally Posted by Myrder

since this has turned into less technical, what are peoples thoughts on NTDOY and GPRO?

I think nintendo has some potential.

If Nintendo stop producing their own game, and produce massive amount of games from EA, TTWO, Bethsta, Ubisoft, etc, they can do it. Looking forward to their console refresh.

[MrPrena]

Oil down nicely, and will most likely to fall more.

[F1Venom]

Originally Posted by MrPrena

Oil down nicely, and will most likely to fall more.

Welcome to the past six months.
But seriously, this thing could capitulate soon.

[MrPrena]

Originally Posted by F1Venom

Welcome to the past six months.
But seriously, this thing could capitulate soon.

I am not an energy trader, but it hit me late about 75.

Judging by non-paper price, I think we can see low 50s or even as low as high 40s.

[F1Venom]

Yeah, I have $48-$51 as very possible targets.

[Impervious]

Originally Posted by NemesisX

That's my plan but it's too early to think about doing that.

Given the upside potential, I don't see why more people don't do this.

[schoy]

Originally Posted by Impervious

Given the upside potential, I don't see why more people don't do this.

Because of time decay?

[F1Venom]

Originally Posted by schoy

Because of time decay?

Yep. You could buy 100 shares and within an year with all the reverse splits you'll be left with one share that has a value of $30, lol. But it's got potential to $30,000!

[stylinexpat]

I reckon we see $40-50 oil price so short away

[F1Venom]

Wednesday will be huge for oil and precious metals. Whatever the fed says, I just hope metals rally.

[nnnnnnnnnnnnnnnnnnnnnn]

Originally Posted by F1Venom

Wednesday will be huge for oil and precious metals. Whatever the fed says, I just hope metals rally.

Oil has no bearing on what the fed does/says

[F1Venom]

Originally Posted by nnnnnnnnnnnnnnnnnnnnnn

Oil has no bearing on what the fed does/says

Poorly worded, but oil inventories get released on Wednesday and the Fed could also say they'll raise rates on Wednesday. I think the markets and precious metals will rally, oil will be a toss up. I'm still thinking a sell-climax will occur before it turns around.
As I'm writing this, /CL is down 2% to 56.5.