Made 10% on my investment in a week - this is how

This was a classic trade in which I made 10% on my investment in a week.


The setup was PAA (Pan American Silver Corp)


If you follow charts you can see PAA has found support at its 200 day moving average for the past few months, this is a strong buy signal when you see this.  So I purchased it the other day when it was at its 200 day moving average this is the exact time and date and price :


2011-10-19, 14:05:12    $27.55 per share


I will most likely sell it tomorrow over $30, I was planning on taking a quick 10% return so I will stick to my plan. (Never get greedy)


PAA hit 30.83 today and settled at 30.20 by the end of the day, if I get 30.30 tomorrow I will have made exactly 10% return since last wednesday the 19th of October.   This is 10% return in 7 days.


If PAA opens up lower I will wait until it comes back to touch the 50 day moving average @ my 30.30 price point which may take another few days.


Although I don't do these trades that often because they have to be almost near perfect setups to execute these short term trades.   

*Disclaimer - Don't try this at home unless you know what you are doing or have lots of experience with buying and selling securities. (Most day traders go bankrupt because the human mind is more susceptible to fear and greed which in the long run will catch up to the undisciplined trader.)

To be successful in the market you have to have plans 

and to stick those plans no matter what.

Word Of The Day:

seigniorage :  the profit taken from the printing of paper money 


It costs the federal reserve (a private bank) 7¢ to print a US $100 bill. 
Cost for the average worker to obtain a $100 bill is 6 hours of labour...


In Canada it cost the Bank of Canada 5¢ on average for every $20 Canadian Bank Note

Apple should buy RIM... & here's why

Apple should buy Research in Motion, the stock has been hammered the past 6 months its down 55% to 12.5 billion market cap, this company use to be over 60 billion back before the bubble burst in 2008! That's a great deal!

 Research in Motion the makers of Blackberry are on fire sale prices when you consider the corporate accounts and patents they have - the exact thing Apple needs to grow their corporate market share with the iPhone. (Why not take over the biggest player in this market?)

Apple could easily buy them up and still have 60 billion or so left over for future endevours. Apple could phase out the Blackberry and take over the BES system and combine it into iPhone system. Let's face it the main profit driver for RIM is the BES system and corporate accounts that are tied with it.

I say offer them a clean 15 billion tomorrow!
Let's go Mr. Cook, make your first big move as head of Apple.

Apple rules the world?

After you read this you might just think so!

With $76 billion in "cash" (or cash equivalents and securities), Apple has enough money in the bank to purchase Goldman Sachs at its current market value ... and still have change left over to buy LinkedIn and Twitter. Seriously.

Apple posted record high quarterly revenues of $28.57 billion and record high quarterly profits of $7.31 billion as iPad and iPhone sales enjoyed triple-digit growth. It's a day full of superlatives for the Cupertino kids. The Wall Street Journal's Dennis K. Berman notes on Twitter, "Apple now has $78 billion of cash in the bank*. That's worth more than all of Goldman Sachs, market value $65 billion."

*Apple said on a conference call that the company had only $76.2 billion in the bank. The increase of over $10 billion still has the company comfortably ahead of Goldman, though. Should Goldman ever wish to cash out, Apple could afford to buy them at their current market cap and still have billions left over.



I remember awhile back xTrends "guru" Atilla said that Apple was going back to $7 dollars a share... lmao.

BIT about to bite?

(BIT) Borsa Italian Stock Exchange will be a major one to fall apart. Watching the markets you can see that the Italian Stock Exchange is having major problems. I am predicting this will be the next major european country that will have to get bailed out.

If you have the means you could short Italian stocks to profit from this. Precious metals will go higher as more countries need to be bailed out.

Here are some great Italy short plays if you can get them :


BANCO POPOLARE ORD (Public, PINK:BPSAF)
Intesa Sanpaolo Spa (ADR) (Public, PINK:ISNPY)
UNICREDITO ITALIANO SPA (Public, PINK:UNCFF)
Mediaset (ADR) (Public, PINK:MDIUY)



Enjoy!

US Government dipping into tax payer pensions to fund Government operations

I've been mentioning that the pension cutbacks and retirement plans that have been modified in the ailing countries in Europe etc, would come to North America, well here it is :

http://visiontoamerica.org/680/treasury-to-tap-pensions-to-help-fund-government/

So more taxes, higher inflation and now retirement plans stolen from the worker, whats next?

Posted this back in November 2010

http://mrlinvestments.blogspot.com/2010/11/up-115-on-my-physical-silver-purchases.html

"Folks I'm not taking profits on my silver that I started accumulating in early 2009, we will see $50/ounce guaranteed and then $100 ounce and I think we could finally top out over $200 a ounce pretty easily before this bubble pops.

In no way is silver in a bubble right now but when its get to over 200-300 a ounce is when profit taking should take place. Even at $50 I would take some profits before accumulating more for the blow off top later around 2015"

Predicted this on my blog back in November 2010 when silver was at 25 dollars per ounce.

I hope all my readers profited nicely from it, cheers!

Please do my new poll on the right side of the page!