Buying Twitter (TWTR) and Silver (AGQ). Plus: Graftech (GTI), USA Graphite (USGT), Voxeljet (VJET), 58 Com (WUBA), Container Store (TCS), TZA and Possible Dollar Bottom

Recently we made reference to a mid-September posting entitled "A Few Graphite Stocks Worth Considering".  At the time we wrote that "USGT has been the stand-out, at one point almost doubling."

In the past few days, GTI jumped 40% and is now 33% higher than when we featured it:

 
If not holding for the long run, consider selling some or all of GTI if you had the good fortune of purchasing it at close to $8.  Typically a stock enjoying such a sharp and rapid price appreciation ends up back at or near the starting price before long. 

Witness USGT, which we also wrote about on September 17.  It doubled over the next couple weeks, then fell nearly all the way back:

On October 21 we discussed purchasing 3D Printing IPO Voxeljet (VJET).  It opened that morning just below $33 and has already offered up to 20% gains. 

We've raised our stop to just below $35 and will keep raising it to just below the red line seen on this chart: 

Another IPO that's done well in the past week is WUBA, which we own at a cost of $23.60 per share (not previously diarized): 

Stops on WUBA are best placed initially under $24, or at the lowest under $21.  Our stop is currently at our entry price of $23.60

The Container Store (TCS) is also new to market.  Stops would best go below $32.


Twitter's IPO will begin trading today, under the ticker symbol TWTR on the New York Stock Exchange. 

We plan to pay up to $35 for it, then simply cross our fingers.  Forced to guess what pricing will be, and with no price trend history to use as a guide, we'll simply guess and put an initial stop below $18.

Twitter does not turn a profit, and may never do so, so to say it is extremely overpriced is an extreme understatement.  The risk is also extreme.  This is pure speculation on our part that the current mania-like appetite for stocks, particularly recent IPO issues, continues for at least a few more hours or days. 


Earlier this week, of gold we wrote: "For now, the bounce that began in late June seems likely to continue."

Today we'll purchase AGQ, the ProShares Ultra Silver ETF, expecting silver to move higher along with gold.  In the chart below we see a downtrend broken and a possible uptrend establishing:

Our initial stop will be at $19.20 in an attempt to limit risk to roughly 5%.


For balance, we maintain the market short positions we've past detailed, which most recently includes TZA which we entered per this posting. 

Those unfamiliar with our market timing may wish to read that post and the links therein.


News: Dollar Bottom Detected in Biggest Flows Since 2009

Might that news be a contrarian signal?

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