11/07/2012 Live Update

[Cobra]

members only update at 3:57pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[TraderGirl]

BEERS ON DA HOUSE!

sounds good XMan !! How bout some martini's?

Here she goes again

Don't worry I am gonna take it easy this time...don't want to wind up in bed all day again...

[Cobra]

well, guess that's it for today. not a good close. thank you guys, I'll see you tomorrow.

[pezhead9000]

Interesting, options express lets you add option information to your charts: call-over-put-volume & put/call ratio

[Me XMan]

This close doesn't look good at all.

BEERS ON DA HOUSE!

sounds good XMan !! How bout some martini's?

[Cobra]

members only update at 4:19 pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[jarbo456]

Another 40 cents & I'll break even on ABX

..what then? Exit at breakeven and re-consider? Rotate capital into a different mining stock? Add to existing holding? GDX has shown good RS to equitites in genl today. I'm trying to weight my pairs trades twd more long than short.

I don't know. This is the first time ever that I messed with gold or gold mining. I think I'll hold until it starts underperforming SPY.

I'm staying away from the mining sector (XME) for now (gold mining is different). Some pundits are expecting a recession on 2013 from higher taxes. I'm currently at 26% cash. I dunno if that's too high or too low.

KOL (coal) went into a falling knife posture, so I sold my KOL.

I'm baffled as to why they're trashing my AGNC & REM. Dividend yields are 16.7% & 11.5% respectively. But they're not trashing my PHK that much (dividend yield = 12.2%).

AGNC, NLY, CYS...

to a lesser extent ARR

and similar but nonagency mREITS NCT and PMT

have all been getting trashed recently. qe3 means tighter spreads for these agency reits (AGNC, NLY, CYS, ARR), means tougher time making money the way they make money - aka lending on the curve...boorrow short term for cheap, and lend for higher rates (now lever this up a ton).

NLY showed the lowered expectations in it's recent earnings report.

REM's biggest holding is NLY.

PHK is a totally different animal. Once again you're trying to make sense of Chinese using a French dictionary - these things are very different.

Not tryna knock you, even if you are a Republican - hoping that my brief comment clears a little of it up for you though.

I'm looking to add to my ARR position via one of these other mREIT's one of these days.

[daytradingES]

Happy Birthday Al!

Wishing you a wonderful year of vibrant health, lots of wealth and as much happiness as you can handle!!

[barabaszek]

Health,love and money to You Al.Happy Birthday.

[xfradnex]

Elders world= 13 of 15 red. Got my big down after a day delay for the election. Today it showed that that volume is way up around the world-expect small range day up. AAPL had some type of rebound yesterday from the very low ATR level of -3.4 to -3.2 with a positive 2 day MA, but today it hit an ATR of -4.2, the lowest in over a year- Ugly.

Happy B day Al. http://www.youtube.com/watch?v=MhzzCyfkYUk. Don't have a melt down.