Official Short-term Investments Thread

[aklalani]

Originally posted by DarthHonda


For all of us left in the HOU club, let's hope so, and especially for you amigo, I almost feel a lot better when I think about your entry point. :eek:

Maybe Z_Fan should sell the rest of his HOU so we can all recover lol
:bigpimp:

wasnt intending on holding it. but everyday after i bought it i thought it would turn around. it just kept nose diving.

[DarthHonda]

oil just won't break 40.30...we need some positive news, maybe some mumbling from capitol hill or something.

[civic_rida]

Sold half at 7.18

[DarthHonda]

40.53, yessss GO OIL GO!!!

[ExtraSlow]

Now out of HOU at 7.12.

[DJ_NAV]

anyone thinking to get GS??? it is one crazy stock...warren buffett bought it at $120, so I am thinking it will go higher than that sometime.. dunno when... I remember I bought it at 55 and sold it at 66 and was a happy man... but if i still had it it would have been sweeet!

[DarthHonda]

i dunno....financials scares me...Once upon a time before I've gotten into day-trading, I had a lot of RY and TD and just sat on the dividends for years, got out last year.

[civic_rida]

i think im done with hou

[DJ_NAV]

^good timing imo... its at par now.. looking to go below 7

[SilverRex]

wow BAC regain 25%

oil is holding well, still looking to cash out at 41.50

sold my HOU 7.46 waiting for it to dip like yesterday back to 40 area

[Z_Fan]

Originally posted by Z_Fan
Typically when I decide to sell HOU, it goes up. Which is why I decided to just sell half. Hahaha, I am half expecting oil to go up to $42 now, simply because I sold my HOU.

I wish I was joking.

:dunno:

Called it. Didn't I. Well, not all the way to $42, but I *KNEW* if I sold some, it'd go up and lock in my losses.


Originally posted by DarthHonda


For all of us left in the HOU club, let's hope so, and especially for you amigo, I almost feel a lot better when I think about your entry point. :eek:

Maybe Z_Fan should sell the rest of his HOU so we can all recover lol
:bigpimp:

I'm holding 2500 shares, and I need it to go to around $9 to break even now. LOL. That sucks.

I'm going to hold it still...

[DarthHonda]

Originally posted by Z_Fan


Called it. Didn't I. Well, not all the way to $42, but I *KNEW* if I sold some, it'd go up and lock in my losses.



I'm holding 2500 shares, and I need it to go to around $9 to break even now. LOL. That sucks.

I'm going to hold it still...

SELL SELL SELL, I need 10 more cents to break even on HOU...pretty please? :angel: :rofl:

[e36bmw///]

nm

[SilverRex]

^

not really, 40 oil could go either way, your best bet is to wait till oil is at 47

[civic_rida]

isnt hgd gold?

[e36bmw///]

nm

[Z_Fan]

Who with balls bought BAC and what did you get in at?

[eljefe]

Originally posted by civic_rida
isnt hgd gold?

Yep, just picked it up at 9.02 hoping for a quick flip on it

[max_boost]

Blah. Market forces are working against me obviously. :facepalm:

I decide to short the TSX/S&P500/Gold/ and they all move the other way. What gives? :whocares:

BUT

I have two positions to average down if this rally or upswing or whatever you want to call it gets out of hand here.

I predict -300 on TSX/DJIA tomorrow. :devil:

[yoda124]

Originally posted by Z_Fan
Who with balls bought BAC and what did you get in at?

me...bought near close at $4.85.It's up over $5 A/H.Looking for about $5.80 tomorrow.:D

[DarthHonda]

Originally posted by max_boost
Blah. Market forces are working against me obviously. :facepalm:

I decide to short the TSX/S&P500/Gold/ and they all move the other way. What gives? :whocares:

BUT

I have two positions to average down if this rally or upswing or whatever you want to call it gets out of hand here.

I predict -300 on TSX/DJIA tomorrow. :devil:

After hours news are quite bullish with the bailout announcement scheduled for Monday, you might be in for quite a ride...:drama:

[max_boost]

^
Yeah it'll be interesting to see how far up the stimulus drives the markets.

I might hedge myself on the way up before averaging down. You know it will come down after the honeymoon with the stimulus package is over. :D

[troyl]

Originally posted by civic_rida
isnt hgd gold?

HGD/HGU is an ETF indexing gold producers/miners. HBU/HBD is the bulllion ETF that follows COMEX bullion prices.

[Z_Fan]

Originally posted by yoda124


me...bought near close at $4.85.It's up over $5 A/H.Looking for about $5.80 tomorrow.:D

I see close @ 4.84.

But last is 5.12.

Should gap up in the AM and hopefully it does go up to $5.80 or so.

[Inzane]

Originally posted by Z_Fan
I just sold a little under half my position at $7.10.

A loss of 9.3% on those shares. :nut:


Why.... why did you sell and take a loss this morning? Panic? Knee-jerk reaction? (like I mentioned last night)

What's your problem with holding for a few days/weeks and riding it out a little longer?

[SilverRex]

Friday.

Ok so oil continues to sell off premarket like any other day. Glad I sold my 3% gain yesterday morning, its trying to make another new low and based on the last few lows, its headed to around 39.30, now will it get back above 40 once again? I wont be surprised, so I will again try to get in below 40 and take my profit if it gets to about 40.50 so trade 39.50-40.50?

even if there was a sudden break down below 39.50, I can see it will at least come back up to retest the 40 area, there is just too much buying (starting at 40 and below)

now the roll over is coming soon for HOU and for the charts, its another week. even if oil was to hold around 40, the roll over technically will put it to 44-45 area. And that just so happens to be 1-2 dollars away from its 50 EMA which has held up against it so well the last two run ups, 50 and 48.50? so just watch for oil price to begin sell off once it reaches around 46-47 area regardless how it gets there.

39, 37 and 35 oil will be nice.

as for gold, after gold got rejected off 920s yesterday morning, it was unable to penetrate the important 910 support. it held up 3 times up until now. but I see max peak to be around 923, and its only a matter of time until it breaks below 910 and sustain it there, then we will see another crach at 900 which will be a good fight, then 860-870, however it could take between 1-2 weeks before it gets there based on how it moves once the trend is made clear.

[anothers10]

oil is really taking a beating. 38.70 right now !

[SilverRex]

Originally posted by anothers10
oil is really taking a beating. 38.70 right now !

what feed did you get the 38.70?

lets hope thats the signal to see 37

[e36bmw///]

nm

[bigbadboss101]

How about Bank of America!

[bigbadboss101]

I sold HGU right away as gold price is dropping but HGU is actually going up.

[Z_Fan]

Originally posted by Inzane


Why.... why did you sell and take a loss this morning? Panic? Knee-jerk reaction? (like I mentioned last night)

What's your problem with holding for a few days/weeks and riding it out a little longer?

I can agree I made a couple mistakes.

1.) Should have sold ALL my HOU.
2.) Should have taken ALL my funds and put it in to BAC.

I took half of what I sold from HOU and put it in BAC. :poosie:

[bigbadboss101]

Easy to say should have but POT was at $60 ish not long ago.

[bigbadboss101]

Gold is moving up! Darn sold HGU at $13.4 earlier today.

[anothers10]

Originally posted by SilverRex


what feed did you get the 38.70?

lets hope thats the signal to see 37

http://nymexdatardc.cme.com/

[SilverRex]

wow Bank of america is up 50% since yesterday low.

too bad I missed it, I had an order at 4.18 but it only got to about 4.21 then it took off phuck.


anyways gold is really trying to beat the bears here, even though technically its due for a pull back to the 850 area, but of course anything can happen, I shorted it around 920 and I will move my stop to break even. Still looking for my target to hit around 901 (200 day) then short again when there is a 7-10 dollar bounce.

the only thing that worries me is

would the 800 billion package be viewed as gold positive. I know the market will try to rally on this when it becomes official, and so that will temporary shoot down gold for a week. but the scary thing is, if suddenly people jump ahead and actually load up gold even when the market siginificant rallies, then that would suck, because I dont get my 850 entry.

and look at silver, even when gold drops 10 bucks, silver just doesnt go down. ??>? dam, I should have not got greedy waiting for 10 bucks (when it was at 10.33) I dont know if I mention this but I had two huge position at 10.55 and I closed it out hoping for a ultimate 10 dollar and then I just let it ride to the moon. I would have double my money by now. (forex terms)

wait cant look back now, just going to play it technically. Still believing in lower gold price before moving higher, if it doesnt happen, then I guess I'll just sleep on my bullion coins and bar and call it a day.

[SilverRex]

update: oil just formed a very bullish and long hammer on the 1 hour chart. which means, the bottom you see today is done. and there is a high likelyhood that it will move higher at least till 40.50

[Z_Fan]

Here is hoping to oil going up. I was watching it on the Nymex with E-quotes as well and decided it was a pretty good time to buy so what I didn't put in to BAC yesterday, I put back in to HOU this morning at 6.76.

Hopefully I can flip it today for a quick buck and make up some of the losses on HOU using those shares and my BAC shares, which I have set a stop at now that still sees 1000 USD profit from a small investment...overnight...which is finally a good thing that happened for me. :dunno: :devil: :poosie: :nut:

[civic_rida]

i got into hou again at 6.85:drama:

[bigbadboss101]

Gold changed direction, quickly:dunno:

[SilverRex]

Originally posted by bigbadboss101
Gold changed direction, quickly:dunno:

yes lets hope the 910 break was real so that any rally is a shorting opportunity. I just hate to see those bullish hammers on the 1 hour chart, usually those are pretty strong signals for a reversal.

come on 850

[civic_rida]

what you think oil is going to do ?

[civic_rida]

look at the volume on hou and its not even 9:00 here

[SilverRex]

I think oil will at least test 40.50 but given the hammer around 39 is pretty significant, there could be a break to the upside towards 41.50

[Z_Fan]

Well, I should have flipped my HOU this AM at 6.94 but I went out for 15 minutes, and came back to find out oil is back in the deep shitter again.

Which is only annoying because I could have bought it all back again at a good profit.

BAC running strong. I guess I should push up my stop loss.

[SilverRex]

for gold bulls

here is a good read to recap some of the reason to own gold

http://news.goldseek.com/EricHommelberg/1233939600.php

it refirms my believe that gold will be very strong going forward, HGU could easily double,

if anything I would start addin to any gold stock, fund, or bullion.

unlike oil which everyone is afraid it could hit rock bottom to 30 or even 20, the fact is gold and silver has already bottom, and now in a tug of war to overcome their resistance levels.

worse case, we may never see 870 again for gold, so best bet or recommendatoin to play it safely is to split up your position, start buying now around 910, then 870, 850 and 800.

same with HGU and HBU, if you see a big pull back 1-2 dollars, its time to start thinking long. HGU could easily double from here few months later.

[yoda124]

Originally posted by Z_Fan


I see close @ 4.84.

But last is 5.12.

Should gap up in the AM and hopefully it does go up to $5.80 or so.

congrats :thumbsup: just sold mine at $5.90:clap:

[Z_Fan]

Originally posted by yoda124


congrats :thumbsup: just sold mine at $5.90:clap:

Good job.

I bought mine earlier than you did, so I am in at 4.5x on my shares. I have a stop loss at 5.60. I'm hoping it goes up as it was just at $5.8 and dipped to $5.7x, BUT it was just over $6.

Either way, I feel I've locked in good profits on that one. Not sure I will hold it over the weekend though...

We'll see what happens. It's early in the day still. If I get stopped out, I still made over $1.07 per share USD overnight.

[max_boost]

Oil is pretty steady in the $39-$41 range. It'll be interesting come next week and the rollover takes place.

The markets are on fire! I don't know how much longer it can keep this up though! I hate to see everyone's reaction when they realize the stimulus isn't enough to stimulate anything. :drama:

[max_boost]

The volumes on these American stocks are just :eek:

Good job Z_Fan and yoda124! Take advantage of the rally!

[DJ_NAV]

HOD is proven to be a fail again.

[civic_rida]

how is hod a fail its up 7%

[ckangarloo]

^ got out of HOD at 30.20.
I can't hang onto these for more than two days. Need sleep.

[Z_Fan]

Originally posted by max_boost
The volumes on these American stocks are just :eek:

Good job Z_Fan and yoda124! Take advantage of the rally!

What I am trying to find out is if this is all anticipation, and it is already compensating for a positive approval on the stimulus or if on Monday, after it is approved, it tanks!

[max_boost]

Pretty sure DJ_NAV means HOU.

Yeah that's the thing, how much of the stimulus is priced into the markets? I increased my positions in HSD and HXD today. This baby is due for a hard pullback! But remember, do opposite of what I say! :rofl:

[bigbadboss101]

As a group we all well hedged (against each other) :-)

[max_boost]

I just don't understand what gets the oil price moving. Every week there's a new force moving it.

You can't even anticipate it. Today's reason for movement is because of the unemployment data.

I would have held onto my HOD but I easily figured that a market rally would drive oil up but apparently not!
:facepalm:

[Z_Fan]

Yeah, I'm having a problem with the oil price too. Almost always when oil goes down, the market goes down and vice-versa. So to see oil down so much in a single day, and the market up is kinda f'd up.

Just missed another chance to bail on HOU. Cuz I thought maybe this bounce it would actually break out and rise up. Hahah. Fuck it, next time it hits $6.92 or so I'll dump my shit from this AM.

So guys, here is the advanced warning. If HOU hits $6.92 or so again in the near future, be prepared for a nice oil rally driving HOU up into the $7's. :devil:

[civic_rida]

What is hou at right now? Sorry 15 minute delay for me

[Z_Fan]

$6.87

[bigbadboss101]

Went from 6.91 to 6.82 is 2 minutes

[Z_Fan]

Yup, and it didn't hit my sell point.

Also, I believe that to be the 3rd time this morning that it went from $6.9x to low $6.8x inside 120 seconds.

Lots of flipping opportunity on HOU today. I missed them all cuz I was being optimistic.

[civic_rida]

This 15 minute delay is really screwing me over.

[Z_Fan]

It's impossible to day trade with a delay. It's hard enough when your times are live.

Meanwhile, riding the BAC train. :poosie:

$6.17 currently, high $6.23. :poosie:

[SilverRex]

My theory goes on with both oil and gold that there are some big forces outthere slowly picking them up. So either anything 40 or below for oil and any dips in gold.

No one or country is stupid enough to just spend all their dollars and purchase everything up in a single day because that would drive the prices up to unreal levels in a short periods of time.

I am compeltely not surprsed that is whats happening here, thus you see how every dip in oil, prices gets back up even though the trend is lower and lower.

but short term I dont think you will see as huge of a gain in oil then you will see Gold.

therefore even if oil was to make a huge rally? what to 47? or maybe the roll over of 4+ dollars will be what's lifting it? then quickly it will sell off again.

I'm slowly migrating all my funds towards the yellow and silver metal. ;)

[SilverRex]

I knew it, the hammer on the charts for oil is coming to fruits. its mkaing above 40 oil now. looking to take profit at 40.50

[Z_Fan]

I think you're on the mark here SilverRex. But I'm sure now everyone is curious if I sold at $6.92 and can therefore take credit for this...

Well, can anyone fucking guess what I did? :eek: :rolleyes:

Oh, and look at BAC now. $6.35. :nut:

[SilverRex]

^

I guess I should thank you then lol

I sold and lock in my profits 5%

[bigbadboss101]

Originally posted by Z_Fan
I think you're on the mark here SilverRex. But I'm sure now everyone is curious if I sold at $6.92 and can therefore take credit for this...

Well, can anyone fucking guess what I did? :eek: :rolleyes:

Oh, and look at BAC now. $6.35. :nut:

When to sell BAC ? I didn't jump at $3.99 to buy. Oh well.

[aklalani]

hou now $7.25

[civic_rida]

dammit i sold to soon

[aklalani]

$7.40

[SilverRex]

the power of technical reversal lol

breaking the 40.50 down trendline is pretty big, the only thing holding it back now is the 41.35 200 day EMA, if this doesnt push it back down to 40 then we will see 43 soon

[Z_Fan]

Originally posted by SilverRex
^

I guess I should thank you then lol

I sold and lock in my profits 5%

Good job.

It went from $40.50 to $40.90 in no time.

I'm not sure what to do. I think I will just hold. I didn't sell, and so I can't take credit for the rally this time. :devil:

I am hoping we go way up on Monday and hope the market rally lasts a few days. Wow.

Oil at $41.25 just in the time it took to type those two sentences from $40.90. LOL.

[SilverRex]

^

I'll sell now its testing the 200 day EMA, at least you can feel good going into the weekend.

even if it were a breakout, then you buy when it gets back down to the 200 day. no need to risk all your gains, or set your stop at oil around 40.40-40.50 since this is the breakout and it will be the support

[e36bmw///]

nm

[aklalani]

$7.57

[civic_rida]

worse day of my life:banghead:

[bigbadboss101]

Gold behaving like a women today.

[max_boost]

civic_rida
^^

Easy young grasshopper. :rofl:

You'll be alright. If you are that jaded, come by the shop and have buffet on me! :thumbsup:

[aklalani]

Originally posted by civic_rida
worse day of my life:banghead:

yea pretty bad for me too. i had a bid to buy 10000 hou at $6.75. I saw it at $6.77 twice in a 1 hr span but was too cheap to change my bid. FUCK.

[bigbadboss101]

Worst day is when you have $50,000 of a stock and it goes bing and company goes caput.

[bigbadboss101]

Buying opportunity on HOD sometime today?

[SilverRex]

we all remember what happen when oil shoots up 3+ dollars sharply

man it is over 42 dollars now

[aklalani]

Originally posted by bigbadboss101
Buying opportunity on HOD sometime today?

doubt it. id prob wait until it goes down to $25ish again

[Z_Fan]

holy fuck oil $42+ :eek: :eek:

[Z_Fan]

Originally posted by Z_Fan back in to HOU this morning at 6.76.


1200 shares.

I have a smile on my face like I was just blown!

[bigbadboss101]

HOU up $.45 since I sold 10 minutes ago. Good that I have more to sell today :-)

edit
then it went for $8.02 to $7.79 in 2 minutes

[bigbadboss101]

Good day to have a NR on Oilexco buyout :-) haha dare to dream

[Z_Fan]

Everytime HOU has done this in the past, it spikes and then drops significantly even though it is a gain. I expect it oil to settle under $42. Maybe $41.50 or $41.20 but here's hoping for $43!

[civic_rida]

This all happened in 20 minutes. I cant work with these conditions.

Canadian Holdings (In Canadian Dollars) as of 06 Feb 2009 (Quotes delayed at least 20 minutes.
NYMEX and/or COMEX data is 30 minutes delayed. )

me =:banghead:

[bigbadboss101]

What? Do you trade by phone?

[civic_rida]

naaa rbc

[e36bmw///]

nm

[4DoorGTZ]

Its only a 2 week demo, but I signed up for the realtime streaming data from the link on the nymex site..

http://www.nymex.com/nxd_overview.aspx

might help you short term. (civic_rida)

[aklalani]

Originally posted by civic_rida
This all happened in 20 minutes. I cant work with these conditions.

Canadian Holdings (In Canadian Dollars) as of 06 Feb 2009 (Quotes delayed at least 20 minutes.
NYMEX and/or COMEX data is 30 minutes delayed. )

me =:banghead:

man if ur gona ride these intraday swings u got have some kind of access to live prices otherwise ur gona get fucked

[max_boost]

civic_rida,

RBC offers real time quotes!
Instead of looking at the oil prices, just look at HOU and keep refreshing!

[max_boost]

This is fucking insane. Now I remember what drove me bonkers a couple weeks ago. :nut:

[bigbadboss101]

You guys checked out the TD Webbroker streaming quote ?

[aklalani]

Originally posted by max_boost
This is fucking insane. Now I remember what drove me bonkers a couple weeks ago. :nut:

this is what weve been hoping for maxboost