Official Short-term Investments Thread

[max_boost]

OMG!

Is Gold going to run towards $950? $960? $1000 by weeks end? :eek:

[SilverRex]

dam

anyways im going long and waiting for a buy back around 931

[DarthHonda]

wow, it was 895 couple days ago...should've bought some HBU

[max_boost]

Originally posted by SilverRex
dam

anyways im going long and waiting for a buy back around 931

I'm just going to keep adding to my HBU position. This is my long investment.

I'll retire when I see $2000 gold. :rofl:

[BigMass]

Originally posted by max_boost
OMG!

Is Gold going to run towards $950? $960? $1000 by weeks end? :eek:

I think this is a perfect example of golds ability to retain wealth and buying power. While it may seem like gold is shooting up, I think this is more of a reflection of continued loss of confidence in fiat money and inflationary pressures of all these bailouts that are approaching 8 trillion dollars.

I wouldn’t treat Gold like a stock at this point is what I’m saying.

[civic_rida]

hou is going down again

[SilverRex]

thats it, screw waiting the break above 930 for gold is not just a surprise, but the double bottom at 888 just go on to show the underlying strength of money flowing into gold.

my taste is in silver and so I am going to start with a position on silver now, and every 50-70 cent dips I will buy another position .

I'll off set my regret for getting out of silver at 10.50 by knowing that my bullion coins are begining to show a good return, since buying them in nov-dec, I am enjoying a 36% return on them if I was to sell at current premiums



as for oil, anyone know what time the report comes out?

:D

[bigbadboss101]

HOD is way up?!:dunno:

[DarthHonda]

fuck...where is the EIA report???

[civic_rida]

10:00

[sputnik]

Originally posted by bigbadboss101
HOD is way up?!:dunno:

max_boost must have sold

[civic_rida]

keeps going down n down n down

[DarthHonda]

fucking EIA said +4.72 million, that's completely out of whack with even expectations, nevermind the API report :banghead:

[max_boost]

Don't trust the API report.

I'm still holding my 2000 HOD shares. Can't decide what to do. I did put a sell on stop at $33 but it blew past that during the time it took me to make my order. Now I just don't know. :rofl:

Oil is under a lot of pressure. We are venturing into April futures and it's got nowhere to go but down imo

Remember guys, I'm not always wrong. Even a broken clock is right twice a day.

Trade with caution.

I bought some more HBU, fuck it. Just in case it makes a run for $1000 lol

[civic_rida]

holy.

hou is 6.04

[civic_rida]

Did you sell your hou this morning?

[DarthHonda]

:banghead: :guns: :whipped:

[max_boost]

Yeah man, trying to help you guys out so I liquidated all my HOU. :dunno:

[DarthHonda]

I refuse to sell until the goddamn stimulus shit get worked out :banghead: :whipped:

[civic_rida]

holy 5.98 for hou .

[max_boost]

^^

Stimulus stuff has come and gone my friend.

Retail sales and unemployment claim numbers will be out tomorrow, those can't be good either.

What do I know though? All I know is, FUCK HOU. If I just stuck with HOD from the get go, I would be way ahead of the game.

I called my shot and didn't stick to it. It's the death quarter and it's death to the oil price. :rofl:

[civic_rida]

Who is still hoping for the best with hou?

[Z_Fan]

I'm worried but holding...feeling for Akalalani sp? as 25000 shares is huge and its [oil] going down the shitter. Makes my shares look small.

[DarthHonda]

FUCK HOD :poosie:

I'm still hoping for the best, I know, it's a stretch, but stranger things have happened.

If it's so obvious like you said max, we'd all be rich, that's my theory on trading. It never goes the way you think it would.

:drama:

[SilverRex]

^

yeah, dont underestimate the buying pressure under 40 dollar oil. you can tell someone, or somewhere is slowly building up their oil investment 40 and below. You will certainaly see some 2-3+ dollar rallies, the question is when.

for me I will wait for the next rally and then I will be done with oil for awhile I will be 100% focusing on buying every dip on silver all the way to 21 dollars.

[DarthHonda]

^^:werd:

what do you buy silver thru? is there a CAD ETF out there for it?

[ckangarloo]

^ good question. A CAD ETF for silver, don't know of one.

I have traded SLW.to a bit...

[SilverRex]

Originally posted by DarthHonda
^^:werd:

what do you buy silver thru? is there a CAD ETF out there for it?

i trade right at the forex spot silver XAG/USD just like trading any currency pair.

[DarthHonda]

I have no idea how to trade currency...looks like it's back to the large caps for me if I get out of HOU...

[civic_rida]

Hou is stuck in the 6.25-6.35 range

[max_boost]

Originally posted by SilverRex
^

yeah, dont underestimate the buying pressure under 40 dollar oil. you can tell someone, or somewhere is slowly building up their oil investment 40 and below. You will certainaly see some 2-3+ dollar rallies, the question is when.

for me I will wait for the next rally and then I will be done with oil for awhile I will be 100% focusing on buying every dip on silver all the way to 21 dollars.

Remember we are tracking 50/50 front and near month right now. If you have an opportunity to get out, do so.

Also don't underestimate the sell off as the front month closes. We saw in January it dropped to $33.XX as people closed out their positions. Sure that won't affect the near month but from Jan to Feb the contango was 25% :eek:

Oil is very volatile. I don't see any reason for it to sustain any positive momentum. If it goes up, it'll fall back down even further. I feel much more comfortable playing HOD than HOU.

We will need to see positive signs from the American economy before oil can move. The next two quarters are going to be brutal and that's what's going to keep oil down.

For those of you who can't stomach it, stick to the large caps and stay away from the speculative game. This isn't for everyone.

[bigbadboss101]

Man, SIRIUS is in serious trouble it looks like

[max_boost]

^

Should be going under soon. Taking on so much bad debt during the credit crisis, not looking good at all.

[SilverRex]

Originally posted by max_boost


Remember we are tracking 50/50 front and near month right now. If you have an opportunity to get out, do so.

Also don't underestimate the sell off as the front month closes. We saw in January it dropped to $33.XX as people closed out their positions. Sure that won't affect the near month but from Jan to Feb the contango was 25% :eek:

Oil is very volatile. I don't see any reason for it to sustain any positive momentum. If it goes up, it'll fall back down even further. I feel much more comfortable playing HOD than HOU.

We will need to see positive signs from the American economy before oil can move. The next two quarters are going to be brutal and that's what's going to keep oil down.

For those of you who can't stomach it, stick to the large caps and stay away from the speculative game. This isn't for everyone.

I agree, but the bright side, oil should have sold into the low 30s for the past 2 weeks yet it held its ground depsite large build up of inventory and weak economic data. That means temporary, we oil is probablly bottomed over all, of course unless the market takes another nose dive such as DOW tanking to 6000, then thats a whole different story.

Dont forget the short covering rally next week when march contract expires. more often than not, is when oil makes a good rally.

I intend to unwind everything on the next rally. the 37-38 floor seems to be holding, any market rally will certainly push it back to test 39-40

[Z_Fan]

I agree. I'm selling around 35% of my HOU when oil hits $39.25 which I think will be later this week or early next. The rest I may go long and hold until oil hits $75, which sounds like crazy talk, but I think there are enough countries in this world that think that is where oil should be to make it a reality...

Though in the time it took to write this, oil tanked and is now back well in to the red. LOL!

[DarthHonda]

Originally posted by SilverRex

Dont forget the short covering rally next week when march contract expires. more often than not, is when oil makes a good rally.


So how would that affect HOU which would be trading 100% April by then?

[max_boost]

Doesn't this scenario looking awfully familiar compared to early December?

$30 HOD
$5 HOU

Deja vu anyone?


;)

What's changed since then? OPEC reducing supply? They aren't even complying 100%!

They have already came out and said further cuts will be implemented if oil falls below $40. Guess what? Front month is under $40 but near month has a 15% premium. So when the April futures becomes the active contract, there's room to fall and OPEC won't be doing shit!
Even they know supply > demand.

Also, Middle East conflict is temporarily over.

Recession was bad then and it's worsening now.

Unemployment rate was 7% and now it's 7.6% and climbing with no end in sight.

Any rally won't be sustained. We've seen that time and time again.

I stick by initial call. $30 oil. Death quarter.

Simply put, buy gold and short oil.

That is all.

Happy Trading.

[max_boost]

Originally posted by SilverRex


I agree, but the bright side, oil should have sold into the low 30s for the past 2 weeks yet it held its ground depsite large build up of inventory and weak economic data. That means temporary, we oil is probablly bottomed over all, of course unless the market takes another nose dive such as DOW tanking to 6000, then thats a whole different story.

Dont forget the short covering rally next week when march contract expires. more often than not, is when oil makes a good rally.

I intend to unwind everything on the next rally. the 37-38 floor seems to be holding, any market rally will certainly push it back to test 39-40

But that short covering should not affect HOU/HOD because we are tracking April's contract! That's just for investors closing out their March positions. At least that's how I look at it.


Originally posted by Z_Fan
I agree. I'm selling around 35% of my HOU when oil hits $39.25 which I think will be later this week or early next. The rest I may go long and hold until oil hits $75, which sounds like crazy talk, but I think there are enough countries in this world that think that is where oil should be to make it a reality...

Though in the time it took to write this, oil tanked and is now back well in to the red. LOL!

Caution Z_Fan. Remember HOU/HOD tracks in the intra-day movement of the oil price. This specific 2X ETF is not something you can really go long on because of the rollover and contango structure.

Look at it this way. If bought in to HOU in December when oil was at $50 and you figured, oh, once it gets back to $75, I'll be fine.

At $50 oil in December, HOU was at $25 (taking into account the reverse split), by tracking the intra-day movement, we are at $6 just a mere 2 months later. Buying holding does not work man!


Originally posted by DarthHonda


So how would that affect HOU which would be trading 100% April by then?

It shouldn't.

Example:

With a 15% contango you lose a huge appreciation window.

Look at it this way, if you bought HOU when oil was at $43 and its now trading at $38. You lose $5 right?

Tomorrow is rollver and oil starts at $44, to make back that $5 oil back, you will need the oil to increase to near $50. Is that possible? Yes. Given our circumstances right now? I would say chances of it falling back to $40 from $44 are higher than it going to $50.

Trade with caution my friends. I've been watching this shit for over 2 months and lost a shit load of money. Just be careful!

[max_boost]

Just look at the 2 month chart for HOU and HOD and you'll know what I mean.

Two months ago in December oil was at $50 and right now it's at $38. You think, oh 25% depreciation in oil price = 50% movement right?

Why is that HOU has fallen greater than 50% and HOD has appreciated greater than 50%?

Because of the rollover and contango!!!!!

[dj_honda]

wow.:thumbsdow

[bigbadboss101]

HOU is buying at $5.95? Get it? HOU (WHO) :-)

[max_boost]

Fuck sorry you guys. I hope it rallies so you guys can get out. I'll forgo my gains.

:(

[bigbadboss101]

I bought/sold HOD twice today and made $. Now I just want to get rid of HOU. Yeah yeah I have both :eek:

[aklalani]

FUCK HOU

[bigbadboss101]

Might hit $36 today.

[eljefe]

Originally posted by bigbadboss101
Might hit $36 today.

It's as close to 36 right now as damn is to swearing! 36.07

[civic_rida]

I dont think anyone is gonna touch hou from now on.

[Z_Fan]

Ugh. Lost a lot of money. Wondering if I should bail...and get a second job to pay for the losses!

$35 oil.

Fuck.

[eljefe]

35.85

[max_boost]

civic_rida
^

I've been trying to tell you guys that! I got burnt so bad by HOU I was dead against it but of course I felt alone and when oil started rallying, I switched sides and only to have it confirm my initial assessment all along. $30 oil doesn't seem that crazy now does it? Neither does $30+ HOD right?

:drama:

But fuck I do feel for you guys who are stuck with your HOU. I spent a good 6 weeks chasing it so I know what it's like to be on the wrong side. :(

[anothers10]

I cannot belive oil is taking such a beating today. I sold out of HOD yesterday at $29 and was happy about it, to bad I did not give it one more day.

[eljefe]

Originally posted by max_boost
civic_rida
^

I've been trying to tell you guys that! I got burnt so bad by HOU I was dead against it but of course I felt alone and when oil started rallying, I switched sides and only to have it confirm my initial assessment all along. $30 oil doesn't seem that crazy now does it? Neither does $30+ HOD right?

:drama:

But fuck I do feel for you guys who are stuck with your HOU. I spent a good 6 weeks chasing it so I know what it's like to be on the wrong side. :(

Looks like $40 HOD is in the cards

[Z_Fan]

Ok guys, I'm selling my HOU. Estimated $12000.00 loss in just a few days.

I'm gonna go buy some bullets. Seems so much easier than playing HOU. :banghead:

[DarthHonda]

lend me some, I'm too poor to buy bullets right now...

[sm91]

QTrade or RBC Direct Investing?

19 trades vs 28.95, but service/speed wise any opinions?

[ckangarloo]

I have no complaints with Questrade (different than Q-trade).

But, holy crap, HOU sucks! Averaged down to 6.49. Thinking of jumping ship now!

[Z_Fan]

Originally posted by DarthHonda
lend me some, I'm too poor to buy bullets right now...

I'll have a whole box and only need one I hope. Perhaps we could do a group buy... :poosie:

Share the costs. :)

[Canmorite]

Bounce off $35.60 from Dec. 26th. Those lows are very important.

[ckangarloo]

Double bottom??
Don't think I could get technical with oil. Other factors at play.

[max_boost]

Bought HOD at $32 and sold at $35. 2000 shares.

$6000 profit. Nice.

I'll wait and see what happens tomorrow. HOD/HOU wil be tracking 75% of the April contract. The March contract should continue to face pressure with the retail and initial/continuing claims coming out tomorrow. I'm not sure how that's going to trouble the April futures. It'll pull it down but to what degree.

I'm only trading HOD from now on.

[DJ_NAV]

anyone goin in on RIMM? they dropped almost 15% today.

[ckangarloo]

HOD/HOU traders, look here:

http://crudeoiltradingsmallspecs.blogspot.com/

[sm91]

Who wants this? i'll be opening an account.


Refer a friend to Questrade, and when they open and fund an account you will receive $100 in free trades. And because one good turn deserves another, we will kick in $50 in free trades for your friend as well. By the way, you can tell us about as many friends as you like - there is no limit



Here's the fine print.
Here's how it works:
To receive your free trades you must be a current client with an equity account and refer a person with a unique residence who has not previously opened an account or traded with Questrade.

When will I get my reward?
Three months from the day your friend funds his/her account ("rebate period") Questrade will issue you a rebate based on the total trading commissions you've paid during that three month period up to a maximum of $100.

How does my friend qualify and get his reward?
To qualify, your friend must open an account with a minimum of $1,000. At the end of the rebate period, Questrade will issue your friend a rebate based on the total trading commissions paid during that three month period up to a maximum of $50.

[DJ_NAV]

^you have been pm'd

[Generic]

HOD at 35.15 today.

[max_boost]

Originally posted by DJ_NAV
anyone goin in on RIMM? they dropped almost 15% today.

Profits won't meet estimates.


Originally posted by ckangarloo
HOD/HOU traders, look here:

http://crudeoiltradingsmallspecs.blogspot.com/

Yep. The bears are winning. There will be rallies for the bulls but if you don't gtfo, you are in for a beating.

The technical guys know this too, key support has been broken and it's trending down to re-test its previous lows.

Ideally I'm hoping for an oil rally so the rest of the guys can get out before I continue to short oil. There's a lot of money to be made on HOD still.

[civic_rida]

500 shares left. Hoping to get out around $6.00

[SilverRex]

Originally posted by max_boost


Profits won't meet estimates.



Yep. The bears are winning. There will be rallies for the bulls but if you don't gtfo, you are in for a beating.

The technical guys know this too, key support has been broken and it's trending down to re-test its previous lows.

Ideally I'm hoping for an oil rally so the rest of the guys can get out before I continue to short oil. There's a lot of money to be made on HOD still.

I wish for oil to rally as well for those that need it too, for myself I just took a loss and not going to wait because i am all in gold and silver, stocks, etf, bullion and spot. Fully diversified. As a technical analyzer, the 930 break above is very very significant. The 317 closing for the hui index is also HUGE, its ready to move above the 200 day for the 1st time in ages, this will bring the hui towards a march of 400-500, and 30-60% gain on the hui would mean HGU will gain 60-120% going from 15 bucks to 30+.


I still remember when I had AUY around 4-5 dollars. now its 9+, who would have thought gold stocks would rebound 300%. If I am not mistaken, history tells us gold stock can move 500% from its low, I would say there is plenty of room still to rise.

[bigbadboss101]

Yeah I was in and out of HGU and ELD today. Will get more on dips.

[Canmorite]

Originally posted by ckangarloo
Double bottom??
Don't think I could get technical with oil. Other factors at play.

All fundamental factors are reflected in the price.

[max_boost]

Originally posted by SilverRex


I wish for oil to rally as well for those that need it too, for myself I just took a loss and not going to wait because i am all in gold and silver, stocks, etf, bullion and spot. Fully diversified. As a technical analyzer, the 930 break above is very very significant. The 317 closing for the hui index is also HUGE, its ready to move above the 200 day for the 1st time in ages, this will bring the hui towards a march of 400-500, and 30-60% gain on the hui would mean HGU will gain 60-120% going from 15 bucks to 30+.


I still remember when I had AUY around 4-5 dollars. now its 9+, who would have thought gold stocks would rebound 300%. If I am not mistaken, history tells us gold stock can move 500% from its low, I would say there is plenty of room still to rise.

Right now I have 500 shares of HBU. The plan was to buy more on dips but it's not dipping so I jumped in anyway. If we are going to make a run towards $1000 or $1050 etc. I plan to unload some shares around there for a profit and then wait and see. I hesitated on HGU because I'm still bearish on the overall market and was worried that a falling TSX would drag all commodities down with it.

I also cashed out of my HSD and HXD for a small profit too. That's when I jumped in on HOD and took a nice 10% there.

Where do you see gold in the short term? Are we going to see $1000 gold in the next week? month? I need your technical analysis on gold.

:thumbsup:

[997TT]

Just want to give a shout out to SilverRex and others who post on this thread.

I've been checking this thread out the past few weeks and i find SR's posts very informative.

I have traded HOU/HOD with some success but have given much of that back with my recent investment in HOU. I'm sitting on 7500 shares at an average cost of $6.82. Averaging down again is an option but the % of my portfolio invested in this ETF is starting to get out of control.

I'm definately looking for an exit point ...

Anyways, good luck everyone and whatever side your own lets make some money.

[max_boost]

^

Nice! A lot of lurkers I noticed. I hope you guys were buying the opposite of what I was doing, guaranteed victory!

Pics of your 997TT?:burnout:

[Z_Fan]

I'm feeling like shit for how many shares of HOU I have been playing with. Yet some of you guys are in even deeper with the quantity you have.

I wonder how much collectively we have lost on HOU in the last month.:nut: :dunno:

[997TT]

Pics of your 997TT?:burnout: [/B][/QUOTE]

I don't really take many pictures of my car ... here's one in my garage after i claybar'd it last year.

Fk, seeing this picture makes me realize how bad it needs to be lowered. That gap is bigger than M Strahan's buck teeth.

[997TT]

Guess i'm as bad as picking stocks as i am in posting pictures.
lol

I put a jpeg in the 'Attach file' and hit 'Submit reply' but nothing showing up.

[Z_Fan]

So, HOU is sitting at $5.73. I've decided to just let everyone know approximately how much you will be losing tomorrow on HOU. Cuz basically I'm beyond.ca broke now, and so this is my charity work which I guess I can do until I get a fucking job to pay off my stupidity.

If oil drops another $2+ tomorrow, like it has been the last couple of days, here is how it will break down when oil hits $33.55 and HOU will be $5.00.

When HOU closed, oil was approximately $35.91

If it dropped to $33.55 tomorrow and you own...

1000 HOU shares = -728.78 is your loss.
2000 HOU shares = -1,457.56 is your loss.
3000 HOU shares = -2,186.34 is your loss.
5000 HOU shares = -3,643.90 is your loss.
7500 HOU shares = -5,465.85 is your loss.
10000 HOU shares = -7,287.80 is your loss.
25000 HOU shares = -18,219.50 is your loss.

This of course does not include anything you have already lost.

** THESE CALCS MAY NOT BE ACCURATE **

Happy trading! :nut:

[max_boost]

997TT, beauty of a car you have!

Z_Fan, Tomorrow we start trading HOD! We can make it back!

Are you with me? :thumbsup:

[Inzane]

Goddamn, I'm a dumb fuck.............why did I buy more HOU yesterday... WHY?!?!?!

:guns: :facepalm:

[997TT]

[QUOTE][i]Originally posted by Z_Fan

If oil drops another $2+ tomorrow, like it has been the last couple of days

that's a bleak picture ... One that I don't even want to think about

and if Max's prediction of $30 oil comes true and i'm still holding HOU ... it will be a long road to recovering those capital losses.

At $36 oil i don't think i can sell ... but thats what i said at $39, $38, and $37 ...lol

[997TT]

[QUOTE]Originally posted by max_boost
[B]997TT, beauty of a car you have!

Thanks. Your is pretty sweet too.
If i can ever make some money in the markets i'm going straight for a 430 or DBS. Long ways away from that with my recent trades ...

This past week i've lost the equivalent of a few paycheques ... at this pace come summer i'll be taking the transit to/from work

[SilverRex]

thursday

while im not in oil anymore at the moment, having the march contract trading between 34-35, you just have to think the closer it gets to 30, wont it be due for a rally? technically it just formed a hammer around 35, so as long as 34.61 holds, then it should move back up.

gold after get over the ever important 930 area, it is also topped out around 947, and so at 940 as I write this either it will go up from there and resume a run towards 960, or it could try to find its way down to retest the breakout at 929-930, if you can absorb multiple position, then its never a bad place to get in even at 940 area. But if you the one position only wonder, then its best to take a chance and see if gold will test 930.

good luck

[Canmorite]

So much for that $35.60 level :rofl:

[Z_Fan]

$34.80 right now.

Another day where many people will BAIL and lose their ass!

I'm not sure I can watch this today... :dunno:

[SilverRex]

for gold bugs

"The strong close above $930/oz yesterday should see us once again challenge the record highs of $1,003/oz seen last March (March 17th) when Bear Stearns collapsed.

We have since had a long period (nearly 12 months) of correction and consolidation and thus a solid foundation has been built from which the next leg of the bull market will likely be launched. Our forecast at the beginning of the year for gold to rise as high as $1,250/oz looks increasingly conservative."



"Gold to Reach $5000/oz According to Respected Goldcorp Founder
The respected founder of Goldcorp, Rob McEwen told Bloomberg how he sees gold rising to as high as $5,000/oz in the next four years. Goldcorp is the second largest gold mining company in the world by market capitalization.

As governments increase the money supply to combat recession, bullion will more than double to $2,000 an ounce by the end of next year. “Politicians around the world are listening to cries from their electorates and they’re giving money to all callers,” McEwen said yesterday.

McEwen has more than $100 million in gold investments and said he also has a “big, big” holding in bullion. McEwen said he started buying bullion in August 2007, at the beginning of the subprime mortgage crisis. “I realized we had reached an inflection point regarding money,” McEwen said. “It was all about protecting money, and gold served that purpose.”

[max_boost]

So I wasn't crazy after all. Death quarter. Death to the markets. Death to the oil price.

We are nowhere near the bottom people. Shit is only going to continue to deteriorate from here on out.

[max_boost]

Holy fuck if I held onto my HOD for another day I would be up another $6000 to start off my day. Oh well.

I seriously thought oil was going to at least try to put a fight this morning before rolling over and dying (no pun) :D

[bigbadboss101]

HOD is $ making machine. I remember weeks ago both were at $15 and I switched from HOD to HOU. Whaaa!

[Z_Fan]

So yeah guys, I am out of HOU.

I just can't take the bleeding any more. I am done with trading, as I can not afford to continue to lose money at this kind of rate. Overall, I have been very very very unsuccessful.

While I have made some good trades, and made a lot of money in short order, there always seems to come along a very bad trade in which I lose far more far faster.

So, I am going to stick to real work. And try to fix the mess I have made myself.

Good luck to you all.

And with that, and with my luck, I expect oil will rally today. :devil:

[SilverRex]

edit: looking at the HUI index, if gold is to continue its momentum towards 960, surely hui will break above its 200 day at 320, and when this happens, 320 will become support and the low point for future entry and retest. while that will mean hui to at least first go after 400, so a 30% gain on this would mean 60% on HGU which is around 14-15 dollars, so I foresee 23-24 dollar coming.


edit: the more I look at the hui chart, the more I am convinced, hui IS about to break to the upside as it is forming a ascending triangle wedge that will breakupwards. 400 here we come. calling 24 dollar HGU

[max_boost]

I'm back into HOD. I'm chasing and holding this bad boy. 1000 shares to start, 2000 shares on standby in case oil decides to rally for some :bullshit: reason.

I just need it to unfold exactly how it did back in December.

HOD $35---->$60 (Split 2 to 1)

HOU $5------>$2 (Reverse split 1 to 5)

Looks familiar doesn't it? And I am telling you, things are more terrible now than they were 2 months ago!

[max_boost]

Originally posted by Z_Fan
So yeah guys, I am out of HOU.

I just can't take the bleeding any more. I am done with trading, as I can not afford to continue to lose money at this kind of rate. Overall, I have been very very very unsuccessful.

While I have made some good trades, and made a lot of money in short order, there always seems to come along a very bad trade in which I lose far more far faster.

So, I am going to stick to real work. And try to fix the mess I have made myself.

Good luck to you all.

And with that, and with my luck, I expect oil will rally today. :devil:

No fuck that. Hurry up and get your ass in HOD now!!!
Split your purchase into 3 positions and let it ride. WTF do we have to be scared about? 15% contango man.

[DarthHonda]

fuck, even I can't take it anymore, out of HOU at 6000 @ 5.31, in HOD for 1000 @ 37.73, and I'm down 10 cents instantly :whipped: :banghead:

[bigbadboss101]

DarthHonda, no worries. The two will fluctuate many times during the day.

[DarthHonda]

I know, it just pisses me off so much...now I know how max felt a couple weeks ago...

[bigbadboss101]

What would make my day is a buyout of Oilexco, $5 or more. LOL

And yeah if gold start on an incline I would be happy too.

Wouldn't mind if oil price fluctuation madly interday so I can sell some.

[Z_Fan]

Oh, I was going to bail and switch to the HOD train. However, I have simply lost too much money to continue to risk money I don't really have. (LOC) I have two kids, a wife, and we need a bigger house, etc.

Simply put, I'm in no position to be risking money period. While I do think HOD will continue to rise, I'm sure if I jumped in I'd be upside-down on that with an oil rally.

No.

I know how much I've lost, and I know what I need to do to replace it. And while if I were lucky with the market it could be replaced quickly - I am simply not that lucky. So I must do what I must do, and that is stop taking foolish risks and try to fix things the good old fashioned way.

Good luck guys! I know my losses are tiny compared to some of you. I just hope you guys are playing with money you can afford to lose, as that was my mistake ... I wasn't really playing with money I could afford to lose. Gotta accept it and move on.

[997TT]

fk man ... i'm not sure whether i still believe in the "you can't sell now" excuse or whether i should dump my now $40K for a $11K hit and jump onto HOD.

Man, what a tank job.

[Z_Fan]

Originally posted by DarthHonda
fuck, even I can't take it anymore, out of HOU at 6000 @ 5.31, in HOD for 1000 @ 37.73, and I'm down 10 cents instantly :whipped: :banghead:

Do you know how much you lost on HOU? Post it up!

[DarthHonda]

Sorry to hear that Z_Fan, I don't think I'd be trading right now if I had 2 kids, I'm basically playing with the wedding fund for next July lol, so I still got time.

All the best and good luck man, I'm sure you'll make it back somehow. :)