We had a "quick meeting" last night and reviewed this website, the overall performance of the portfolio, discussed a private-REIT investing in extended-stay hotels with a decent yield, and listened to Miriam Bakker go over the techniques she has developed by studying the great trading master W.D. Gann and his "square of 9" chart.
We did not assemble a portfolio of ideas in the regular fashion - but I will note the ideas here for you to review/enjoy:
1. Walter Holder - Short Oil - Long James River Coal - Long AK Steel
2. Stan Katz - Long or Short EuroCurrency - So I suggested Short
3. Miriam Bakker - Short SPY @ 99.30 (using a 0.20 stop loss @ 99.50, but I suggested that at least an 11-day average daily true range of 1.50 points made more sense)
4. Tim West - I didn't go over my research that I brought to the meeting - so - I didn't even say that I'd choose Silver again - but here I go - Silver (long).
5. Ken McCue - Didn't get around the room to hear an idea from Ken.
6. Jordan Kerner - Gave a great overview of a real estate opportunity. As a lark, you could choose a hotel or extended stay reit with low leverage and southern geographical exposure.
Our next meeting will be in early September and will hopefully cover the "HOW TO LIVE GREEN AND SAVE MONEY" topic. I have a great speaker planned and hope to cover that material in 30 minutes or less.
I will consider putting some time into my presentation that I gave last month on "HOW TO EXIT" a trade/investment. Perhaps a "YOUTUBE"! Anyone want to help me do that?
Have a great August and we'll SEE YOU IN SEPTEMBER!
In the mean time - here's an interesting link: www.THETRADINGPIT.net
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