May 27, 2014
Categories: Barrick Gold Stock (ABX), Trade Alerts and Ideas
Barrick Gold Stock in 2013 provided a return of 31%. So far this year the return is around 13%. Meanwhile the price of Gold continues to point to a continuation of what is most likely a bear market in gold. FullyInformed Canada members can read about my outlook in gold in this article from October 2013. The fluctuations in the price of gold continue to swing the gold miners and Barrick Gold, like all gold stocks, moves with the price of gold. The drop this…
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May 9, 2014
Categories: Barrick Gold Stock (ABX), Profit And Income Strategies
With the general market direction stuck in a trading range and stocks at fairly high valuations, many investors find the strategy of selling naked puts a bit unnerving, especially those who never want to own stock. When periods such as the present one happen I add in credit spreads depending on the stock and the volatility. Good examples at present would be Apple Stock, Google Stock, Priceline Stock and Visa Stock. Of these stocks I trade in Apple and Visa. Both offer wide daily swings…
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May 8, 2014
Categories: Barrick Gold Stock (ABX), Profit And Income Strategies
The Bollinger Bands Strategy Trade I developed years ago has proven to be an excellent profit-making strategy that can boost annual returns in any stock or ETF. The key is understanding the strategy and containing any losses. This strategy discussion article focuses on understanding how to read the signals from the Bollinger Bands Strategy Trade when it advises that a trade should be ended that is failing. When I invest I only use strategies. I cannot work from “hunches” or “gut instinct”. I have to…
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May 5, 2014
Categories: Barrick Gold Stock (ABX), Trade Alerts and Ideas
Barrick Gold stock is not a stock I would want to own for a core position. I know a lot of analysts believe everyone needs a bit of gold. I often wonder where all these ideas come from. Why a bit of gold would be a good method of protecting a portfolio is beyond me. I wrote an article explaining why it was such a terrible idea in April 2013. Instead gold is meant to be traded. Barrick Gold Stock is among my favorite choices…
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May 4, 2014
Categories: Barrick Gold Stock (ABX), Trade Alerts and Ideas
In 2013 Barrick Gold stock trades provided a 30% return. That is excellent especially when an investor considers that at the start of January 2013 ABX Stock was trading above $35.00 and ended the year at $17.63 for a loss of 50%. The problem for a lot of investors is understanding that with mining stocks, gold included, it is the underlying commodity that controls the price of the stock. I have written a number of articles over the past few years discussing the co-relation between…
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November 24, 2013
Categories: Barrick Gold Stock (ABX), Covered Calls
It was just back on Oct 27 that I was receiving emails from investors worried they would lose their shares through covered calls they had sold on Barrick Gold Stock, as gold looked like it was about to rise. Investors wrote worried that covered calls they had sold would end up in the money and they would lose their shares, many of which sold the covered calls below their stock cost basis. With the renewed decline in gold and subsequently Barrick Gold Stock that fear…
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November 1, 2013
Categories: Barrick Gold Stock (ABX), Selling Put Options
Barrick Gold (ABX) yesterday announced good earnings of .58 cents a share versus estimates of .50 cents. They then went on to announce that their Pascua Lama deposit in South America would be suspended with no real-time frame to recommence operations. Last they announced a massive issuance of stock valued at roughly $3 billion dollars effectively diluting shareholder value. The shares were offered at $18.35 about 5% below the closing price of $19.39 on Friday. Shareholders understandably were shocked and upset. This is the second…
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October 28, 2013
Categories: Barrick Gold Stock (ABX), Merck Stock (MRK), Microsoft Stock (MSFT), Stanley Black & Decker Stock (SWK), Stock Market Outlook
The outlook for market direction today was more consolidation but still moving higher. While I am not expecting big 100 point plus up days at this point in this rally, I am expecting a slow grind higher which is perfect for trading and for building support into stocks. Eventually this rally will end and the market direction will turn down and seek to find support levels, but at present that is not the case. The market direction remains up. Market Direction Outlook Intraday – 1…
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October 27, 2013
Categories: Barrick Gold Stock (ABX), Covered Calls, Investor Questions
The reason Barrick Gold stock is not the easiest stock to sell options against is because it is a commodity stock. What’s even more difficult is the commodity is gold. Unlike a commodity such as oil, livestock, corn, wheat or lumber which does have some clues as to what the future pricing might hold, (weather, housing demand, number of farms, barrels in storage, oil output, etc), gold is almost an entity unto itself. No one can predict with any real degree of certainty how gold…
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October 24, 2013
Categories: Barrick Gold Stock (ABX), Market Timing System, Stock Market Outlook
The market direction outlook for today was for more sideways action. Both the Fast Stochastic and Slow Stochastic pointed to a pullback which would translate into sideways as the market tries to consolidate the gains made. It is impossible for the market to consolidate the recent gains in just one day. The number of new highs yesterday was incredible and far outstripped the normal day to day S&P 500. Nonetheless investors will have no talk of sideways action. Many investors took yesterday’s slight pullback as…
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May 14, 2013
In The Money Options, Selling Deep In The Money Categories: Barrick Gold Stock (ABX), Intel Stock (INTC), Naked Calls, Stock And Option
This is a FullyInformed Members strategy article on rescuing deep in the money naked puts. The recent plunge in gold has left a lot of investors holding naked puts on gold miners that ended up deep in the money. Recently an investor wrote me regarding his Barrick Gold Stock (ABX) as he was left holding naked puts at $30 and $29 put strikes that were deep in the money. He rolled those puts into October but was wondering what I might suggest for handling these…
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April 27, 2013
Categories: Barrick Gold Stock (ABX), Intel Stock (INTC), Naked Calls, Stock And Option
Naked Calls have had a bad reputation for decades. Most of the time investors, financial planners and brokers have attacked Naked Calls as too risky when in fact naked calls are in many ways less risky than naked puts and some option traders will argue that naked calls are among the best of option strategies in bull and bear markets depending on your goal and outlook for a stock. Twice recently I have sold naked calls on Barrick Gold Stock and both times I have…
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April 26, 2013
Categories: Barrick Gold Stock (ABX)
This is a FullyInformed Members Barrick Gold Stock Trade Alert. This is an alert on a second trade in Barrick Gold Stock from the afternoon. Barrick Gold Stock Trade Alert Details To read the Barrick Gold Stock trade alert details, FullyInformed Members can can login directly through this link or Members can sign in to the full members site here. Non-members can join here. Barrick Gold Stock (ABX) Internal Links Review Barrick Gold Stock Trades For 2013 Review all Members articles on Barrick Gold Stock…
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April 26, 2013
Categories: Barrick Gold Stock (ABX)
This is a FullyInformed Members Barrick Gold Stock Trade Alert. Barrick Gold Stock (ABX) recent earnings were better than expected and that, combined with the rebound in the price of gold pushed up the value of Barrick Gold Stock which I believe is undervalued. I have traded within Barrick Gold Stock since 2008. High volatility makes Barrick Stock excellent for trading purposes. Barrick Gold Stock Trade Alert Details To read the Barrick Gold Stock trade alert details, FullyInformed Members can can login directly through this…
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April 24, 2013
Categories: Barrick Gold Stock (ABX), Selling Put Options
I have been Put Selling against Barrick Stock on and off for several years. Whenever Barrick stock rises to what I believe is overvalued prices, I stop Put Selling and when it falls back I start Put Selling again. It is the high volatility of Barrick Stock that I like for Put Selling and the stock does pay a dividend of .80 which at the present level is about 4.5%. Barrick stock has cut its dividend in the past and I am sure it will…
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