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06-24-2020, 01:41 AM
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#2071
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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the Robinhood traders, without paying brokerage fees are still getting juiced to death.every single trade is being front run. the juice they are paying is way more than the takeout in horse racing when you consider the in and out of the transaction.
i use interactive brokers
https://www.interactivebrokers.com/en/index.php?f=35157
interactive was the firm that lost millions on the negative oil trade, they have less than the 10 million customers that Robinhood has, but they have about 100 times the business.
they are the best direct access platform that i have ever used.
30 years ago, i was doing business with Hambrecht and Quist. i was paying $300 to trade a thousand shares, and i was getting screwed left and right on my executions, but they were the best brokerage firm i ever dealt with and will never have anyone that comes close to them.
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06-24-2020, 10:50 AM
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#2072
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Registered User
Join Date: Jun 2005
Posts: 2,058
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Quote:
Originally Posted by PaceAdvantage
BTW, when people who have never traded stocks, etc before start posting on here about dabbling and hobby-trading....and places like robinhood are raking it in with a ton of users, you know a major top is here or just around the corner.
It never fails...
All these new people are destined to lose a crap ton of money.
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Agree 100% . . . although history may not repeat, it does indeed rhyme, and there is a familiar lyrical verse about to unfold
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06-27-2020, 09:31 AM
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#2073
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,487
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Quote:
Originally Posted by Suff
Carnival announced soonest Cruise, October. Cruise lines got hammered.
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Just as all of our media outlets are controlled by the Bilderberg Group in other country's. Those Cruise lines are also owned by Bilderberg people and are losing billions with no end in sight for continued losses. Not everyone getting slammed are small time. Many 5 star hotels will have red ink for as long as the eyes can see. Not going to come back anytime soon. And just because some are hemorrhaging huge amounts of moneys it does not mean economy's are dependent on them.
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06-28-2020, 06:21 PM
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#2074
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Stock futures opened lower. Gold opened higher. Gold has been in a large box range for a few months now. It's right at the top now. I'm keeping an eye on it. If and it's a big one it's breaks up and hold for 2 days.a good rally could occur. It measures to just shy of 2000. It might be worth looking at if your so inclined
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06-30-2020, 04:06 AM
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#2075
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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recycle critical metals
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07-06-2020, 03:58 PM
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#2076
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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Tesla was $948 last week , now over $1300. this stock going to probably gap up tomorrow as well to berry the 10% short interest in the stock down from 30% short.
ths market looks like a big gap and trap one. but the tech stocks all still look ultra strong. MSFT, AMZN, ZM, NFLX, AAPL, FB, GOOG...and a few others.
i am still short, GE, F, cruiselines, airlines, casino's and hotlels.
my stock of the month is going to be MUX again.
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07-06-2020, 04:49 PM
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#2077
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Registered User
Join Date: May 2010
Posts: 5,005
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Your MUX killed me.
My small (very) portfolio consists of AIM, AMD, CSX, DXCM, F, GE, and NVAX - all but AIM in the green. Still awaiting news from Japan on that one.
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07-06-2020, 06:00 PM
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#2078
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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Quote:
Originally Posted by Ocala Mike
Your MUX killed me.
My small (very) portfolio consists of AIM, AMD, CSX, DXCM, F, GE, and NVAX - all but AIM in the green. Still awaiting news from Japan on that one.
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there is some large open interest in options developing on this thing now.i know its a big underachiever for a long time. these things fly once they get going.
i also bought into AIM, not unhappy at all.
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07-06-2020, 06:50 PM
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#2079
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Sell the opening. Time and space (price) out of wack.
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07-07-2020, 10:51 AM
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#2080
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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Gold just got done with a 10 minute bar with 20,000 contracts traded.
there are some days that the total amount of contracts are 120,000.
this 10 minute bar just brought gold over $1800 an an ounce
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07-07-2020, 01:00 PM
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#2081
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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Quote:
Originally Posted by lamboguy
there is some large open interest in options developing on this thing now.i know its a big underachiever for a long time. these things fly once they get going.
i also bought into AIM, not unhappy at all.
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https://www.zacks.com/stock/news/998...ning-mux-stock
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07-07-2020, 01:14 PM
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#2082
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Registered User
Join Date: Jan 2010
Posts: 2,176
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MUX
Quote:
Originally Posted by lamboguy
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At a buck a share, wouldn't at least one insider be buying their stock? I admitedly know little about gold miners, but wouldn't someone be buying? And 4 out of 8 hedge funds have dumped McEwen Mining since March. I'm bullish on the gold miners as a group, and since McEwen is so cheap, maybe there's that?
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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07-07-2020, 01:28 PM
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#2083
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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Quote:
Originally Posted by FakeNameChanged
At a buck a share, wouldn't at least one insider be buying their stock? I admitedly know little about gold miners, but wouldn't someone be buying? And 4 out of 8 hedge funds have dumped McEwen Mining since March. I'm bullish on the gold miners as a group, and since McEwen is so cheap, maybe there's that?
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Rob Mcewen bought about 3 million shares lately
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07-07-2020, 01:31 PM
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#2084
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,772
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the company had fires, and got robbed last year. plus the mines were shut down for over 3 months due to the corona.
they underperformed the other miners that are doing well.
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07-07-2020, 02:04 PM
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#2085
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by lamboguy
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Quote:
Originally Posted by lamboguy
Rob Mcewen bought about 3 million shares lately
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According to SEC 13G filings, he hasn't bought any shares on the open market since 12/2015. He did acquire 4.1 million shares recently at $0.0 cost per share. Since it didn't indicate an options exercise, assuming it may have been some form of compensation deal in his contract. He pretty much owns the entire 20% of the shares by insiders. Do you have any info. on where and how he bought 3 million shares? None of my sources have any reference to that.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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