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Found a few things Googling. I should pay more attention to his movements, so influential is he (Soros, that is)
http://au.businessinsider.com/soros-gold-has-been-destroyed-as-a-safe-haven-2013-4
For bottom pickers and knife catchers
- Thread starter Sean K
- Start date
Found a few things Googling. I should pay more attention to his movements, so influential is he (Soros, that is)
http://au.businessinsider.com/soros-gold-has-been-destroyed-as-a-safe-haven-2013-4
CanOz
Home runs feel good, but base hits pay bills!
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Yeah, check the Bloomy for an article today on Paulson's GOLD position. He was in heavy at 900 apparently...
He's no genius, as someone said on another thread, he had a guy working for him that hatched the whole CDS thing that netted him billions during the GFC. He didn't even want to listen at first.
Soros, is always amazing...Gut Feel GB!
CanOz
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Soros is a great example. His back pain must really have been acting up for him to sell so aggressively. At least he doesn't need a physio - he just sells until the pain disappears.
Google "back pain + Soros"
CanOz
Home runs feel good, but base hits pay bills!
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Yeah, I've either read his book, or someone mentioned it back a while ago...Think i read his first book...pre-iPad.
CanOz
So_Cynical
The Contrarian Averager
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The miners bottomed 4 > 5 months before the rest of the market in the GFC, perhaps they are leading again? the excuse in the GFC was deleveraging, maybe some big Gold and hard commodity positions are being unwound because its about to get all negative again in Europe or the US or someone actually thinks shooting will start in Korea?
As for cheap stocks...the non mining stocks were hellishly cheap 6 and 8 months ago and no one was interested.
pixel
DIY Trader
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MRM looks like a "4th attempt success" breakdown.
Quite often, we observe a pattern like this, where a support (or resistance in the other direction) is tested three times and found holding, only to be broken with gusto at the 4th attempt.
When that happens, and the move continues by a significant margin, I set an alert at twice the previous trading range or a little higher. In MRM's case, I have set one at $1.50 - not as a conditional buy order, but to take another look at it if/when it gets there.
An early description of the Bullish side can be found here: http://bartrade.biz/trades/4th.htm
Check BLD and HVN and pull up charts of the time.
Quite often, we observe a pattern like this, where a support (or resistance in the other direction) is tested three times and found holding, only to be broken with gusto at the 4th attempt.
When that happens, and the move continues by a significant margin, I set an alert at twice the previous trading range or a little higher. In MRM's case, I have set one at $1.50 - not as a conditional buy order, but to take another look at it if/when it gets there.
An early description of the Bullish side can be found here: http://bartrade.biz/trades/4th.htm
Check BLD and HVN and pull up charts of the time.
I'll leave the divining of the mysterious chart abortions to those with that sixth sense, with the stock floating in the low 1.60's two directors have bought close on $600k worth by todays announcement. My best wishes are with them. In the last week I bought a little less..
Might be time to dust this thread off.. it was always fun
NWL
@peter2 I thought the same thing and grabbed some yesterday.