Stocks to Buy Today - Stock Message Board, Discussion Forum, Blog
ProShares Ultra Silver (AGQ) is below $53 in pre market this morning so I placed a buy and got filled. I think it is time to take another look at the best silver ETF you can buy right, AGQ.
AGQ offers 2x leverage on the price of silver but on a daily performance rate. AGQ tends to underperform silver on the way down, and outperform silver on the way up. We recently saw this when AGQ blasted above $70 to hit $75 when Silver was trading around $37. These volatile swings can make you big profits if you have some patience.
I like Silver between $30-$32 so this is why I bought AGQ. The stock will have resistance at $55.27 and should see a bounce on a close above that level. Support on the downside is around $50.
Keep some capital incase this rolls over hard due to the China PMI data. Hard landing in China could mean a lot lower for AGQ. However, we all know this will rally hard at some point this year. $45-$50 has been solid support for AGQ
Thanks for the great advice Tim. I averaged down and bought more in 51.30 and sold it just right now into the rally up to 52.50 for a large 1000 shares position and made some good profit.
Keep trying to do this, I think it will pay off. But if we get into the afternoon and you sense the market could drop tomorrow....go into cash and try to buy the gap down tomorrow.
AGQ at 51.71. I will add more below 50.
Gold and Silver are at session highs, maybe a bottom has formed today
I'm thinking one more day down. Hope to get in AGQ at 50.00
AGQ is up to $52.30 in after hours. Seems like we might have a good day tomorrow. I am very happy with my purchase today. I will be even more happier with sub $50 but Silver seems to have a nice floor between $30-$31
Do you think the price is to high to get in AGQ now ?
AGQ was just $75 a month ago....I would say it is low based on the chart. However, we may end up testing $45-$50 if we see the stock market correct more. AGQ might gap up to $53 tomorrow morning based on the silver futures rising.
I'm going to see what goes on with the market tomorrow .. see if this correction continues or what
AGQ trading in a tight range today - $52-$53
Hey tim-- are you buying today? Are you adding to your position in any of your stocks or waiting to see what happens?