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A tale of luck...So one of the copper stocks I have owned/traded/followed for a couple years is Taseko Mines (Symbol TGB). Over the last week or so with some of those big down days I watched commodity stocks trade lower by 20% or so (same for TGB). I noticed TGB traded RIGHT down to it's 50 day moving average in the low 2.60's and it stopped on a dime. The market traded lower but Taseko stayed at this support.I decided to execute a big trade, and bought up 2000 shares. So today i'm watching it trade higher and think i'm in good shape, quickly the market turns, things are going south. It trades right back down to 2.60, even a few cents below.I am close to bailing, thinking the support is broken, the market is heading down, i'm about to get fleeced. When out of nowhere, it starts jumping, and jumping. What the hell is going on? * Press Release Taseko Announces a New 7.7 Million Oz Gold and 3.6 Billion Lb Copper Reserve at Prosperity 2:30 pm EST, Monday November 2, 2009Jackpottttt! Real-Time: 3.04 Up 0.32 (11.76%) 3:59pm ETSometimes it pays to get a little lucky :club:

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positions.jpgreloaded on rubicon when it touched $4 a day or two ago.
How freaking disappointing has SRS been? I kept waiting for CRE to crash and it just kept bouncing back. Finally gave up. I also decided those 2x and 3x ETF's are the work of the devil. Unless you trade in and out quickly it's just not worth holding on with the price decay. You can short IYR or specific CRE companies directly but then you would also owe the dividend when that comes around so it's something to be weary of.Nice one on Ford though.
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I literally lost $1k with SDS. I'm in SRS at $11.30, too.I basically went long at the absolute worst time.
Yeaaaa I dropped a couple G's on SRS too, probably more like $3500 from "holding" but I netted over $1000 from trading it, so that took some of the sting off.
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Oops, spoke to soon on Ford maybe. Dropping much of todays gains afterhours due to an announcement on a stock offering. Might want to look into that.

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Real-Time: 3.04 Up 0.32 (11.76%) 3:59pm ET
The trade that keeps on giving TGB Quote: 3.36 They actually have earnings coming up which could have a large impact +/- from here, but when you are up 25% there is some safety net. Markets look set for another leg up based on the technicals, though after this many days up in a row i wouldn't be surprised with some sideways or down trading for a period. It's a runaway bull train!(so take some profits haha)
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The trade that keeps on giving TGB Quote: 3.36 They actually have earnings coming up which could have a large impact +/- from here, but when you are up 25% there is some safety net. Markets look set for another leg up based on the technicals, though after this many days up in a row i wouldn't be surprised with some sideways or down trading for a period. It's a runaway bull train!(so take some profits haha)
-.06 today. Not bad....all my investments went down today.
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-.06 today. Not bad....all my investments went down today.
Yea less than 2% on a day like this is okay with me! Earnings came out after hours, at first glace they look good. It was up after hours. We'll see how tomorrow goes. If market shits the bed and takes this with it I might bail and look to get in back below $3.
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Yea less than 2% on a day like this is okay with me! Earnings came out after hours, at first glace they look good. It was up after hours. We'll see how tomorrow goes. If market shits the bed and takes this with it I might bail and look to get in back below $3.
Sold at 3.28, 25% gain. Earnings didn't do much and I think the market as a whole is a little toppy. S&P keeps getting stuck in the high 1090's might be time for a pullback. I actually dipped into some shorts which I will sell if S&P breaks back up to 1100+ and will double down on if we head a little lower.
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Sold the rest of APT Today so I'm pretty much on the sidelines in cash except for my 401K/529 plans which are in various mutual funds.
I sold more too. Not completely in cash, but not very exposed. Mostly high yield bonds, some energy.
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  • 2 weeks later...
HY bonds have the largest spread over treasuries ever. An average of 21% yield spread.Also another reason we will see a market bump sooner than later, is the negative yield sacrifice of stocks vs. treasuries. People are not going to be content earning .07%.
Time to pare down High Yield. Spreads have evened out. Still a little upside, but if you allocated around this time you are up 40-60% on the High Yield portion of your portfolio.
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