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12/6/12 11:02 AM
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BigEyedFish
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believe me, I dont put too much stock in my intelligence lol. But I do in the power brokers as you say. Im reading Peter Schiffs book right now and the fact that he forecasted a lot of what happened in 2008 gives him great credibility. He is horribly cynical on US financial institutions in the foreseeable future.
12/6/12 11:13 AM
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karasu
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BigEyedFish - believe me, I dont put too much stock in my intelligence lol. But I do in the power brokers as you say. Im reading Peter Schiffs book right now and the fact that he forecasted a lot of what happened in 2008 gives him great credibility. He is horribly cynical on US financial institutions in the foreseeable future.

.....and didn't he also say during that time that one should be putting their money in Europe?

He was right about some things, wrong about others. While he is spouting Doom&Gloom others like Berkowitz, Ichan, Buffett, etc. are taking advantage of opportunities.....

Who is correct? I don't know. Perhaps they are all correct on different time frames.

Sounds like you are doing your homework and have a humble attitude and that is in your favor, I wish you luck :)
12/6/12 11:21 AM
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karasu
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and as for Schiff and everyone else, me included, we all have our AGENDAS, so one must always ask: what's the AGENDA?
12/6/12 11:29 AM
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BigEyedFish
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for sure....

Im having trouble making the trade now to cash out my BAC lol

Ive just entered the mortgage lending business and could use the cash tho. I get good returns doing that so I might pull the trigger on the sale...Ill keep my MGM stock as my comeback superstar longterm hold stock :)
12/6/12 2:55 PM
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Joe Ray
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Karasu, when did you BAC?
12/6/12 3:49 PM
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karasu
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Joe Ray - Karasu, when did you BAC?

Went long at $5.03 right around a year ago. Before that I had been in and out. Sold today around $10.56

Again, this is not to say that the stock or the markets are going down, it was just reasonable for me to lock in profits at this point. BAC could go to $15 or $20 or it could go to $7(who knows and if I did I would be a billionaire!) but I am happy with my profit :)
12/6/12 4:00 PM
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Joe Ray
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good trade. well done.

Want to make some money from the Syrian war?

Buy Gulfsands Petroleum(LSE:GPX).

Check this stock after the civil war comes to an end and Assad is ousted.
12/6/12 4:10 PM
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karasu
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Joe Ray - good trade. well done.

Want to make some money from the Syrian war?

Buy Gulfsands Petroleum(LSE:GPX).

Check this stock after the civil war comes to an end and Assad is ousted.

thanks and I will keep an eye on (LSE:GPX)
12/6/12 5:16 PM
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Seemore Butts
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Good job karasu. I shorted bac the friday before the election, made a quick profit, and covered my shares at 9.09. During the trade, BAC was not selling off like the broader market so I decided to cover.

I also had some other trades this month. Shorted VXX @ 37, covered at 31.7, and shorted VXX @ 30.50 (average) and covered in 29s. I am short VXX again, at 31ish a share.
12/6/12 10:26 PM
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karasu
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Thanks SB and that short37--cover31.7 is a pretty nice trade too!
12/7/12 3:37 AM
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Adam_Bay
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Subs Phone Post
12/17/12 1:26 PM
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karasu
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Just wanted to provide a Nokia(NOK) update. I believe it closed $2.68 on the day of recommendation and today it surpassed $4!

This is a long term holding for me and I will continue to hold for now.
12/17/12 1:30 PM
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Mexican Janitor
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sub Phone Post
12/17/12 3:14 PM
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karasu
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Edited: 12/17/12 3:15 PM
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KronosWorldWide(KRO) has also done well. The day I posted the 5 stock portfolio it closed at $14.55 and today reaching a high of $16.80!

Remember though, this is a longer term portfolio. Some will outperform while others may take longer and I will take profits and make new buys with those profits at different stages, same as I did with my sale of Bank of America. That sale was reinvested in a new purchase adding a new position to my portfolio:)
12/17/12 3:34 PM
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Todd Lally
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Karasu- I like the KRO play! Looks like there has been some good insider buying around these prices.

I picked some up today.


Also, have been playing DECK and buying on the dips and selling the rips.

Looking at BIDU at todays lows also.

Been buying Jan 580 APPL calls on todays lows at 4.80- looking to sell soon.

Thanks
12/17/12 9:40 PM
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jasonhightower
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karasu -
Joe Ray - Karasu, when did you BAC?

Went long at $5.03 right around a year ago. Before that I had been in and out. Sold today around $10.56

Again, this is not to say that the stock or the markets are going down, it was just reasonable for me to lock in profits at this point. BAC could go to $15 or $20 or it could go to $7(who knows and if I did I would be a billionaire!) but I am happy with my profit :)
I sold in the green but way too early on BAC. Phone Post
12/17/12 9:54 PM
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ffjc805
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I just bought stock in:

RIMM
SWHC
RGR
PSLV

I bought RIMM because of the new BB next year, PSLV just because I like silver(no logic, just like it), and I've owned the gun co. stocks for a while. They seem like they might be lucrative, but are always up/down. Well see what happens. I do it as a hobby, not too serious. Phone Post
12/18/12 3:04 AM
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karasu
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maybe the Viking will chop the Apple in half!
12/20/12 8:42 AM
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karasu
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UPDATE: GOOD NEWS!

(NYX) of my 5 stock portfolio is being bought out by (ICE) nice gain :)

(NOK) My original recommendation around $2.68 and now trading at around $4.20 :)

Buy a House ;)
12/20/12 8:57 AM
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karasu
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karasu - UPDATE: GOOD NEWS!

(NYX) of my 5 stock portfolio is being bought out by (ICE) nice gain :)

(NOK) My original recommendation around $2.68 and now trading at around $4.20 :)

Buy a House ;)

"BREAKING NEWS

ICE Buying NYSE in Deal Valued at $8.2B (Read More)

IntercontinentalExchange to buy NYSE for $8.2B
IntercontinentalExchange to acquire rival NYSE Euronext in deal worth about $8.2B"-----


http://finance.yahoo.com/news/intercontinentalexchange-buy-nyse-8-2b-134719377.html
12/20/12 9:18 AM
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NJstileNJ
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shoulda listened to you
12/20/12 9:24 AM
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Blackbeltpanda
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subd

12/20/12 9:33 AM
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karasu
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NJstileNJ - shoulda listened to you

:)
12/20/12 9:54 AM
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karasu
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(NYX) I did not sale my entire position but locked in profits at $33.85 this morning.
12/20/12 10:03 AM
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ippon213
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A little off topic op but do you think buying silver bars is a good investment right now ? Phone Post

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