I knew yesterday that the move on Crystallex was just hype, so I put in a stop limit order for it, which ended up selling some of my shares. I now have a limit order for it at the price that I bought it last time. I'm confident that it will get there, unless Hugo signs the permit before then.
Friday, February 29, 2008
Thursday, February 28, 2008
a Canadian miner that has been preparing the Las Cristinas gold mine in Venezuela for an extensive period of time now. From what I understand, they have everything in place and have all of the permits they need but one. That last permit is in the hands of none other than Hugo Chavez himself. There is quite a bit of support for the development and production of the gold mine, because of the economic impact of the mine due to the creation of jobs and inflow of revenues to the country. I also read something about the military pushing out illegal miners from a territory nearby, which is apparently a good sign. I think if there is a significant outcry from the people to open it, and when Hugo sees a good opportunity to score some political brownie points with it, then he will sign it.
Sunday, February 24, 2008
Tuesday, February 19, 2008
Monday, February 18, 2008
years to develop:
Step 1: Close your eyes.
Step 2: Take a deep breath.
Step 3: Spin in place three times (more than that if you want to)
Step 4: Open your eyes.
Step 5: Wing it.
This process also works well in conjunction with the
eenie-meenie-mynie-moe method. Enjoy :-)
Sunday, February 17, 2008
Friday, February 15, 2008
helping me considerably lately:
- Relative Strength Index (RSI)
- Bollinger Bands
- Exponential Moving Average (use the 50 day average)
These indicators can be found on Yahoo! Finance's interactive charts.
These are playing a part in my quest to make a shift from being 100% investor to becoming 75% investor and 25% trader. It is just a simple matter of making an educated assessment of whether or not a stock is overbought/oversold, and having an idea as to what price to set my limit order(s) and my trailing stop limit orders at. It is an improvement on my buy/sell points.
I am still learning about analyzing share volume and the overall market. It is a matter of making it a point to persist in learning and improving as I go. In fact, my investigation of the OBV and CVI is still in progress.
Tuesday, February 12, 2008
Sunday, February 10, 2008
famous quote, which I think originated from the infamous Ben Graham:
"Be greedy when others are fearful, and be fearful when others are greedy"
If that is not the exact quote, it is at least close enough.
Saturday, February 9, 2008
What are the mechanics of foreclosures? How do they affect the overall economy?
Friday, February 8, 2008
Wednesday, February 6, 2008
I think Africa will be the next big labor market, to produce cheap products much like China has done for years. Their population is growing fast, and is relatively young. Their political issues need to be resolved first.
The only other solution that I can think of would be to move further inland in China. They do have the largest population in the world at the present time.