New Question on SKF

[hiyosilver]

How might this effect SKF?

and the PM market as far as that goes?

http://news.yahoo.com/s/nm/20090407/bs_nm/us_sec_shortselling

[chux03]

"How might this effect SKF?"

It may get me to buy another 10 shares?? :D

Nah....I have enough of that and it's just an insurance policy anyway. If anything I'll probably trim some down to get near 40 shares.

I DID take a small 50 share position in DXD earlier today. May as well make some money next time the DOW takes a dump....

http://www.moneyandmarkets.com/7-reasons-why-the-big-bad-bear-will-return-33041

[chux03]

Wow....WHAT A RIDE TODAY!! I wound up with 80 shares at an average price of $79.48 as I bought pretty much in 5 share increments right up till market's close after being long at $90 with a potion of that for some time now (seems like it too :D ). Am I....worried?? I'll answer with a return question. Is the trouble over for the banks and "financials"? It's not over and I'm not worried....

So ya ALWAYS wanted to ride on the SKF Express but thought it a little too rich and a little too....fast for ya, huh??

THAT TRAIN IS PARKED AT THE STATION AT UNDER $65 A SHARE. I've NEVER seen a ticket like this at such a LOW PRICE. Seems like if you were wanting a ride on the SKF Express, it's about time to....SADDLE UP!!! You coming along??

Or do you think the train is going to remain....parked for awhile longer??

FYI - I'm short on the financials, the DOW and real estate. I'm long on AUY, MFN & AXU. I'm watching UDN, FXC (not FCX either) & TBT. Isn't that....balance and diversification in action? That's MY idea of it.... :D

[chux03]

I forgot all about Good Friday today and the markets being closed.

I reviewed my SKF share purchases yesterday and I bought at $75, at $70 and finally at $65 as it was falling. Each time it was in just 5 share lots. Since going long, I bought SKF shares 7 different times from a $95 high on 3/25 all the way down to yesterday's close at just under $65. I would go UP TO 100 shares should the price fall low enough. At yesterday's close I had 85 variously priced shares.

So how does one make some money on this?? First off, if the stock goes down more, I'll space my buys but I will CONTINUE BUYING ALL THE WAY DOWN. I don't think it's going down much further but who knows?? Should these shares turn around, I'll begin by selling shares AS SOON AS THEY REACH $85 based on my lowest price paid (so far) which is that $65 closing figure from yesterday. My sell orders would go something like this based on what I bought previously and how much I paid. But for this "run" IF it turned around on Monday, I'd SELL:

15 shares @ $85 (which is $1275 though my cost was $1007.40 for a $267 profit or 26.5% on this first group), and then

30 shares @ $105 and then the remaining

40 shares @ $120 (IF it goes like this, that would be a 27% PROFIT though I make NO PREDICTIONS HERE)

And at EVERYONE OF THOSE SALES I WOULD MAKE MONEY and I don't have to wait for the share price to get above $120 to do it, either. Do you see what I'm.....doing/attempting here? BUY on the way DOWN and turn it around and SELL on the way UP. THIS IS HOW YOU SHOULD BE BUYING SHARES.....IN ANYTHING!! THIS WILL WORK FOR ANY STOCK or EVEN BULLION PURCHASES!! THINK ABOUT THIS!!!! I admit to just learning about trading but I CREDIT EVERYTHING I KNOW (and am constantly learning) to reading Stewart Thomson at www.gracelandupdates.com He has a GREAT newsletter and website!!

[chux03]

www.gracelandupdates.com is offering a 25% discount for signing up for his newsletter for a 1 year subscription, the details would be at the end of this article he published yesterday over at: www.321gold.com/editorials/thomson_s/thomson_s_041409.html

He is a retired professional Wall Street trader who worked at Merrill Lynch that specializes in precious metals and teaches one how to be more successful in trading and learning how to do it just like the bankers. While those other newsletters I subscribe to have taught me about precious metal companies and stocks etc, I can honestly say I never knew anything about actually trading PM stocks and making money UNTIL I SUBSCRIBED TO STEWART THOMSON HERE. His newsletter arrives each trading day morning about 7:30 and it's clearly one of my favorites. He doesn't give reco's or financial advice as opposed to kind of watching over his shoulder, explaining why he does this and won't do that and REALLY teaches you HOW TO TRADE & MAKE MONEY. HE TRAINS PEOPLE WHO WANT TO LEARN HOW TO TRADE & MAKE MONEY IN PM's, PM stocks as well as other aspects of the market. He talks about currency trades in the Canadian C-bone, energy, TRADING PYRAMIDS. It's all VERY interesting and worthwhile and I'm glad I get to read him every day, first thing. Check him and his website out!!

www.gracelandupdates.com