Official Short-term Investments Thread [Archive] - Page 118 - Beyond.ca - Car Forums

SilverRex

03-16-2009, 09:53 AM

Originally posted by Dinan
so when is a good time to get out of HOU and wait for another fall??? 48oil?

first we have to remember we are trading May oil contract, but I would put the short term upside to 51-52 area, we are at 47.50 now

so if the May contracts does get to above 50 I would get out and wait for a pull back

but speaking of April oil I'll say it will find resistance around 48-48.50 but anything can happen now since April oil will soon expire,

only a week away from another month end rally.

djayz

03-16-2009, 09:57 AM

Managed to pull about 50% of my portfolio out in the cash finally!!!

Just waiting on the sidelines to get into the market again, I still think that there is going to be a downfall across the boards and that will be the bottom. Either that or we drop down low but start setting higher lows from here on out.

SilverRex

03-16-2009, 10:10 AM

well key area (if this is just a bear market rally bounce) DOW has to at least get to between 7500-8250 area, only if market can close above the high would it suggest a formation of a bull market. But the catch is the market would be up 20-30%, which to many investor is a safer strategy, it all depends on one's risk/reward;.

but if the market is in a bear market mode and we have yet to see THE bottom admid 6400 was a bottom temporary, then look for the area between 7500-8250 to start selling off again.

but it is no question the longer the market continues to rally, oil will only find its way higher and higher.

also you might think this is bad for gold, but dont forget gold rose when the market rose between 2003-2008 therefore the enviorment changes constantly, there is no knowing each day what causes the metal to rise or fall.

all I can hope for is that investing in gold is like betting against the collasp of the currecy market. an opporunity that comes once every 20-30 years. Sure we have had a nice run since 2001, but come on from the 250 low to 1000 is only 4 fold. Far from the 25 fold it did back in the 70s. Therefore, one has to at least have some sort of exposure to the metal just in case such a parabolic event occurs, the rise could be sharp and furious.

Oh mind you if anyone is tracking silver, silver has been on backwardation for 38 days now. Talk about running out of silver, im all positioned to get the hell out if suddenly silver rockets to its inflation adjusted high of 125 dollars.

the only catch, its not a matter of if, its a matter of when, silver did not rocket until the later stages of the gold bull, so one must have the patience. ;)

DJ_NAV

03-16-2009, 10:31 AM

wtf is going on?? i went pretty much all in on HOD.. and was expecting good gains today.. not to be in the red!:eek:

Dinan

03-16-2009, 10:34 AM

Originally posted by SilverRex

first we have to remember we are trading May oil contract, but I would put the short term upside to 51-52 area, we are at 47.50 now

so if the May contracts does get to above 50 I would get out and wait for a pull back

but speaking of April oil I'll say it will find resistance around 48-48.50 but anything can happen now since April oil will soon expire,

only a week away from another month end rally.

so when you planning on selling yours?? all or just some??

i rushed my buy, jumped on earlier, should of waiting like you,,, :thumbsup:

SilverRex

03-16-2009, 10:39 AM

^

I made 10% on hou and im out, since my focus is on gold, im quite happy with 10% and if oil drops back down I'll buy back as a win win situation.

oil is in a buy on dip mode folks,

djayz

03-16-2009, 10:46 AM

Wooot, back to even on MFC, wish I had bought some more at the $10 level since it came up so fast.

Dinan

03-16-2009, 10:54 AM

Originally posted by SilverRex
^

I made 10% on hou and im out, since my focus is on gold, im quite happy with 10% and if oil drops back down I'll buy back as a win win situation.

oil is in a buy on dip mode folks,

i'm out too with a small profit, looks like i rushed way to earlier yesterday with my purchase,, going to wait when oil dips for the next purchase,,,

keep the info coming, :thumbsup: :thumbsup:

thanks!!

Nova316

03-16-2009, 11:00 AM

Whats a good silver stock to get into?

djayz

03-16-2009, 11:58 AM

Originally posted by Nova316
Whats a good silver stock to get into?

I've been trading in and out of SLW...

natejj

03-16-2009, 12:01 PM

Anyone thinking of shorting the financials soon, with all this green, some red is just around the corner... got my eye on SKF.

SilverRex

03-16-2009, 12:01 PM

looking at the latest chart you can see oil is in a strong up channel. the circle area is the trendline in which once oil broken not so long ago, the bais is now bull, therefore you look for buying.

now we are at another trendline denote in question mark. If oil is to break above this, look for confirmation for price to come back and test that line and ride to next target of the upper channel currently at 51.8, wow what a coincident, the 51.9 is our 100 EMA on the daily chart. that would be the next shorting opportunity for those who has the balls.

if oil doesnt break above that downtrendline denote by the question mark, then look for a second chance to buy back some where in the low 45.2-46.2 area.(if you want to throw in the fib retracement)

http://i278.photobucket.com/albums/kk118/genmaster/oil17.jpg

max_boost

03-16-2009, 12:09 PM

Originally posted by DJ_NAV
wtf is going on?? i went pretty much all in on HOD.. and was expecting good gains today.. not to be in the red!:eek:

:eek:

Ouch.

Originally posted by SilverRex
^

I made 10% on hou and im out, since my focus is on gold, im quite happy with 10% and if oil drops back down I'll buy back as a win win situation.

oil is in a buy on dip mode folks,

Yeah that's what it looks like now. Day low for HOD was $24.88 so I didn't get in with my bid at $24.50 hehe If I can make two more flips of 10% on either HOD or HOU, that will break even my $34 HOD lol Going to try this strategy with a 5% stop loss and see where it takes me.

Originally posted by djayz
Wooot, back to even on MFC, wish I had bought some more at the $10 level since it came up so fast.

haha I wish I could have got my hands on that Citigroup memo first.
:rofl: The financial sector went nuts over it.

HFU up 60% in the last week. :eek:

max_boost

03-16-2009, 12:12 PM

Originally posted by natejj
Anyone thinking of shorting the financials soon, with all this green, some red is just around the corner... got my eye on SKF.

HFD for the Canadian banks :D

Originally posted by SilverRex
looking at the latest chart you can see oil is in a strong up channel. the circle area is the trendline in which once oil broken not so long ago, the bais is now bull, therefore you look for buying.

now we are at another trendline denote in question mark. If oil is to break above this, look for confirmation for price to come back and test that line and ride to next target of the upper channel currently at 51.8, wow what a coincident, the 51.9 is our 100 EMA on the daily chart. that would be the next shorting opportunity for those who has the balls.

if oil doesnt break above that downtrendline denote by the question mark, then look for a second chance to buy back some where in the low 44-46 area.

http://i278.photobucket.com/albums/kk118/genmaster/oil17.jpg

$52 oil is a must short. No doubt about it lol
:thumbsup:

KleanCord

03-16-2009, 12:26 PM

Originally posted by max_boost

HFD for the Canadian banks :D

$52 oil is a must short. No doubt about it lol
:thumbsup:

yeah but you think anything is a must short :)

sputnik

03-16-2009, 12:35 PM

Originally posted by max_boost
$52 oil is a must short. No doubt about it lol
:thumbsup:

Hear that everyone?

Sam is calling for $55-60 oil this week!

max_boost

03-16-2009, 12:53 PM

Originally posted by sputnik

Hear that everyone?

Sam is calling for $55-60 oil this week!

BUY HOU!!!!!!!!:rolleyes:

Dinan

03-16-2009, 12:58 PM

what is shorting ???

sorry for the stupid question,:nut:

troyl

03-16-2009, 01:04 PM

Originally posted by Dinan
what is shorting ???

sorry for the stupid question,:nut:

If someone takes a short position within a company they essentially sell shares they don't own in hopes to buy them back at a lower price in the future. Shorting is a very risky strategy if you don't have any hedging strategies in place. To short sell shares you need to have a margin account with short selling capabilities.

KleanCord

03-16-2009, 01:28 PM

So what is the afternoon sell off for? I am guessing that 777 was some sort of technical sell signal, but I don't know.

Or is this just a matter of people taking their profits and getting scared off?

civic_rida

03-16-2009, 01:36 PM

no kidding
what is going on?

sputnik

03-16-2009, 01:37 PM

Originally posted by KleanCord
So what is the afternoon sell off for? I am guessing that 777 was some sort of technical sell signal, but I don't know.

Or is this just a matter of people taking their profits and getting scared off?

6 days of momentum isn't going to hold the entire time.

Eventually people are going to take profits. I wouldn't worry that much about it. It seems to be mostly profit taking at this point.

Even I have a couple of my holdings with sell orders should I miss a quick run up at the end of the day.

SilverRex

03-16-2009, 01:37 PM

talk about silver in backwardation mode, so excited about silver, whats the down side risk? back to 4 bucks? upside? the sky is the limit.

I hope they clear out the comex warehouse completely and default the sucker son of a b!@%

http://i278.photobucket.com/albums/kk118/genmaster/silver.jpg

KleanCord

03-16-2009, 01:40 PM

Originally posted by KleanCord
So what is the afternoon sell off for? I am guessing that 777 was some sort of technical sell signal, but I don't know.

Or is this just a matter of people taking their profits and getting scared off?

I think I just answered my own question.

Chart wise 7350 on the DOW would be another resistance point. It was reached on Feb 24th, and now it pulls back when the DOW hit 7360.

What is interesting about this, is that the financials which have led this rally and downturn have sold off. But the volume is drying up. I'm thinking the sellers are all exhausted yet again.

Mark_Nguyen

03-16-2009, 02:14 PM

Originally posted by SilverRex
talk about silver in backwardation mode, so excited about silver, whats the down side risk? back to 4 bucks? upside? the sky is the limit.

I hope they clear out the comex warehouse completely and default the sucker son of a b!@%

http://i278.photobucket.com/albums/kk118/genmaster/silver.jpg

does a silver etf exist?

SilverRex

03-16-2009, 02:29 PM

^

the only ETF I k now of is SLV, since I Trade my silver on the forex market, I dont need an ETF :D

eljefe

03-17-2009, 06:52 AM

New-Home Construction Logs Unexpected Gain- AP
The government says construction of new homes rose sharply in February, defying economists' forecasts for yet another drop in activity. The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists were expecting construction to drop to a pace of around 450,000 units.

And minutes later ......futures for the DOW S&P and NASDAQ have moved back to the green

SilverRex

03-17-2009, 07:56 AM

Tuesday

ok oil looking like it wants to breakout, looking at the chart a break above 48 could tigger another wave higher, but if you compare to the previous run ups, it may CAN still do the opposite and break down below 46.50

I will view the area between 45-46 as a very good buying opportunity if oil should give it one last push down ward.

http://i278.photobucket.com/albums/kk118/genmaster/oil18.jpg

looking at gold prices, chart tells me its ready for another wave back into 930-940 area upon breaking out the descending wedge

http://i278.photobucket.com/albums/kk118/genmaster/gold9.jpg

ExtraSlow

03-17-2009, 07:57 AM

Yeah, but because February is a short month, it can easily skew these annualized numbers. Although I do agree that the signs are starting to point towards a solid bottom forming.

civic_rida

03-17-2009, 08:11 AM

I believe in the u.s. we may have seen the bottom but canada is still on the way down.

sputnik

03-17-2009, 08:15 AM

Originally posted by civic_rida
I believe in the u.s. we may have seen the bottom but canada is still on the way down.

Please elaborate on your thoughts.

KleanCord

03-17-2009, 08:16 AM

Originally posted by civic_rida
I believe in the u.s. we may have seen the bottom but canada is still on the way down.

I'm curious why you think we are worse off than the States. Is it just the lag issue?

Commodities and Financials are the two things that will lead us out of here, and the TSX is highly connected to both.

I should also mention the TSX has outperformed the DJIA.

ExtraSlow

03-17-2009, 08:19 AM

I think for Central Canada, the bottom will certainly lag behind the US. They are weak due to the reliance on the Manufacturing sector.
The West, and the Canadian Stock markets, are so heavily Energy and Commodity wieghted, that our recovery will be based solely on that. Lag is not a factor.

LBG

03-17-2009, 08:24 AM

hey,

what you guys think would be a good range to place a order for HOD?

sputnik

03-17-2009, 08:27 AM

Originally posted by LBG
hey,

what you guys think would be a good range to place a order for HOD?

Why would you short oil when the bias right now is an upwards trend?

Read what SilverRex has to say about oil.

SJW

03-17-2009, 08:39 AM

So if you think oil is going to go down you purchase HOD.

If you think futures of oil is going to go up you purchase HOU?

Is that how these ETF's work?

I'm just reading up on them.

http://reports.theglobeandmail.com/jcap/en/68265/html/jovianf/

eljefe

03-17-2009, 08:43 AM

Originally posted by SJW
So if you think oil is going to go down you purchase HOD.

If you think futures of oil is going to go up you purchase HOU?

Is that how these ETF's work?

I'm just reading up on them.

http://reports.theglobeandmail.com/jcap/en/68265/html/jovianf/

Well.......that is the very basic premise yes. But it is not as simple as it sounds- read back on some of Maxboost's posts - he covers some of the other basics quite well.

ExtraSlow

03-17-2009, 08:46 AM

Anyone looking at any of the 2X or 3X ETFs needs to make sure they educate themselves BEFORE making a purchase.
There are serious differences between these funds and "regular" non-leveraged ETFs or equities.
The google finance discussion boards are full of people who bought before doing research, and lost a shitton of money because of it.

For instance, Oil can go from $50 to $100 and you could still lose money on HOU. It all depends on HOW it moves in daily terms.

mac_82

03-17-2009, 08:53 AM

Any advice on investing in Media/Entertainment/Movie Distribution companies? There are some big name movies coming out this summer that could do really well. This is something I have never really considered investing in before.

WB > Time Warner - Terminator Salvation, Harry Potter
Paramount > Viacom - Star Trek, Transformers, GI Joe

KleanCord

03-17-2009, 09:05 AM

Originally posted by mac_82
Any advice on investing in Media/Entertainment/Movie Distribution companies? There are some big name movies coming out this summer that could do really well. This is something I have never really considered investing in before.

WB > Time Warner - Terminator Salvation, Harry Potter
Paramount > Viacom - Star Trek, Transformers, GI Joe

I got the impression that these companies aren't trading at huge discounts like the rest of the world. But I haven't done research on them.

I know Disney got hit harder than they probably should of. That would be one place I would look.

Empire Studios for a movie play in Canada is definitely not undervalued. I believe it has gone up due to the defensive play.

I do know that in general movie studios make for crappy investments. All of Hollywood combined isn't even as profitable or as large as Cisco or Apple. But if you are planning a short term trade based on the summer blockbusters I am sure there must be some sort of positive seasonality before Summer season and before the Oscars.

Like I said I haven't done any hard research on them so don't quote me on stuff.

SJW

03-17-2009, 09:07 AM

http://www.bloomberg.com/apps/news?pid=20601109&sid=aP7N7ZkaXSAw&refer=home

This is exactly how I think things are going to play out with oil/gas here towards the end of 09 first quarter 2010.

civic_rida

03-17-2009, 09:23 AM

Im wondering how calgary will survive with under 50 dollar oil and 3 dollar natural gas.

eljefe

03-17-2009, 09:35 AM

Originally posted by civic_rida
Im wondering how calgary will survive with under 50 dollar oil and 3 dollar natural gas.

It has before, it will again. 50 dollar oil is a temporary happening.

Canmorite

03-17-2009, 10:21 AM

Oil oil oil! I chatted with Larry Berman on Friday and his thoughts on Oil were that if it were to move into the $50-60 dollar range, that would mean there is demand for the commodity at higher prices, which would have a bullish sentiment. (Which I agree with).

At that point it wouldn't be a bad idea to move into the larger Oil players, ones without financing/cash problems. COS.UN, SU etc. Hell even CPG.UN looks decent.

Nothing but a series of higher highs and lower lows right now. If it came back to $45 I'd love that :poosie:

DJ_NAV

03-17-2009, 10:34 AM

:banghead: cannot believe HOD!

sputnik

03-17-2009, 10:37 AM

Originally posted by DJ_NAV
:banghead: cannot believe HOD!

Seriously. You have been told time and time again to get out of HOD. What are you waiting for?

Are you willing to lose EVERYTHING? The way oil is going right now... you may be waiting a LONG time (years if not decades) before you see sub-$40 oil.

What makes you think that oil is going to fall to levels that allow you to turn a profit?

Sell it off. Take your lumps. Learn from the experience. Make back your losses in smarter trading.

Jlude

03-17-2009, 11:11 AM

Originally posted by DJ_NAV
:banghead: cannot believe HOD!

that's shitty dude...

I saw the price of oil today and thought about the regulars in this thread. Hoping no one got caught.

eljefe

03-17-2009, 11:24 AM

Just crested $49 .....

civic_rida

03-17-2009, 11:31 AM

Oil is moving up so fast.
Maybe we will see a sell off once it hits 50 dollars.

civic_rida

03-17-2009, 11:45 AM

Is hod ever gonna go back to over 40 dollars?

sputnik

03-17-2009, 11:48 AM

Originally posted by civic_rida
Is hod ever gonna go back to over 40 dollars?

Not before you could re-coup your current losses investing elsewhere in the market.

eljefe

03-17-2009, 11:48 AM

Originally posted by civic_rida
Is hod ever gonna go back to over 40 dollars?

I wouldn't expect anytime soon

SJW

03-17-2009, 11:49 AM

After reading about HOU and HOD it would seem you really need to know your shit to make money. Too risky for this cowboy.

NAE.UN for the win.

Z_Fan

03-17-2009, 11:52 AM

I think buying HOD right now would be an OK idea. If you've just been on the sidelines watching. I think that oil will probably dip down tomorrow or the next day after it hits $50-$51. And I think it will dip to $46 or so.

That is just a gut feeling based on nothing at all.

The other thing I think could very easily happen ... is that when oil hits $50, oil could just shoot right up to $54-$55 all in the same day after breaking through $50. Like literally in an hours time. Again, gut feeling based on nothing at all other than how the market does silly things.

I missed HOU yesterday putting in a bid at $5.38 when it was at $5.41 and it never looked back. Bummer for me. Can't be too stubborn and sometimes you gotta put in market orders.

civic_rida

03-17-2009, 11:55 AM

I can see oil coming back down to the 45-46 level.

KleanCord

03-17-2009, 12:01 PM

If Oil breaks $50 I would have to think the next technical target is $52.95 according to the charts.

But once it breaks it's intermediate target would be $66.

If oil does dip back to $45 I would think it would be an instant buy.

Should also be noted that Oil has crossed over 0 on the MACD for the first time since this all has started. It has stayed above it's 50 day moving average for 13 Days now.

I have said it before but I will mention it again, all signs are pointing to oil trending upwards.

Shorting it right now is a very short term position. You are probably much safer to put your money elsewhere.

aklalani

03-17-2009, 12:01 PM

Originally posted by SJW
http://www.bloomberg.com/apps/news?pid=20601109&sid=aP7N7ZkaXSAw&refer=home

This is exactly how I think things are going to play out with oil/gas here towards the end of 09 first quarter 2010.

buy HNU!!

sputnik

03-17-2009, 12:22 PM

There goes oil!

:clap:

max_boost

03-17-2009, 12:27 PM

Oh shit. In at $23! :eek:

Buy HOU guys! Going to see $55 oil tomorrow!

Take one for the team! :clap:

eljefe

03-17-2009, 12:30 PM

Originally posted by max_boost
Oh shit. In at $23! :eek:

Buy HOU guys! Going to see $55 oil tomorrow!

Take one for the team! :clap:

Balls, you got balls

Edit*** or started St Patty's Day early :D

Z_Fan

03-17-2009, 12:38 PM

Uh, uh oh big time guys.

Load up on HOU.

Not only did max_boost by HOD, but I just did too.

*FUCK*

Had I only know max_boost was buying HOD, I'd have stayed away. This is gonna be a double whammy.

Everyone who gets rich off HOU can thank us later!

max_boost

03-17-2009, 12:39 PM

Z_Fan, where's your stop?:rofl:

Z_Fan

03-17-2009, 12:40 PM

Can anyone tell me what time the crude price actually SETTLES on the NYMEX? I am thinking 3PM ET but I can't seem to figure out where to find this information.

Z_Fan

03-17-2009, 12:41 PM

Originally posted by max_boost
Z_Fan, where's your stop?:rofl:

I set it at $21.28 HOD.

So, early tomorrow morning my money should be gone. Why, when are you losing your money? :poosie:

sputnik

03-17-2009, 12:41 PM

does anyone have a website with real time oil prices?

eljefe

03-17-2009, 12:44 PM

Originally posted by sputnik
does anyone have a website with real time oil prices?

http://nymexdatardc.cmegroup.com/index.html

Proyecto2000

03-17-2009, 12:51 PM

so here is a silly question, what are the odds that HOD might be delisted one day? I'm thinking of just hanging on to my $36 HOD and waiting for it to rise again in price, be it in the near or far away future :nut:

Then in the mean time I will just get some more money and buy some nice, secure long term stocks :thumbsup:

DJ_NAV

03-17-2009, 12:54 PM

any update on gold SR?

sputnik

03-17-2009, 12:57 PM

eljefe

03-17-2009, 01:20 PM

Originally posted by Proyecto2000
so here is a silly question, what are the odds that HOD might be delisted one day? I'm thinking of just hanging on to my $36 HOD and waiting for it to rise again in price, be it in the near or far away future :nut:

Then in the mean time I will just get some more money and buy some nice, secure long term stocks :thumbsup:

The problem there is that HOD does not rise and fall in direct relation to oil. Look back to January after the stock reverse split(so same distribution as today) Oil as it is today was hovering around 50 dollars and HOU was around $16 per share. Today with oil hovering around $50 it is only $6.50 give or take. I would guess that unless oil tanks soon, that you could be holding garbage long term.

eljefe

03-17-2009, 01:23 PM

Originally posted by Z_Fan
Can anyone tell me what time the crude price actually SETTLES on the NYMEX? I am thinking 3PM ET but I can't seem to figure out where to find this information.

2:30 Eastern but it continues some minor electronic trading after the official close.

ckangarloo

03-17-2009, 01:33 PM

I don't think the bears are quite through with oil yet. A couple days closing above $51/barrel and I'm into HOU.

KleanCord

03-17-2009, 01:35 PM

Originally posted by sputnik
does anyone have a website with real time oil prices?

I like to use CNBC.com.

http://www.cnbc.com/id/15839171

Not sure if the link will work but you have better graphical info than NYMEX and Copper/Gold/Silver, Nat Gas/Oil on one streaming page.

Z_Fan

03-17-2009, 01:56 PM

Well, even though I have 5 minutes left to bail on HOD, I'm going to hold it over night and hope for the best. :poosie:

I bought it right near peak oil today, missing the 22.5x by just a matter of 30 seconds or so...it went 22.7x to 22.5x back to 22.8x HOD in about a minute total. Hahah. So my fill was a bit lower than max at 23.0x.

Should be interesting.

Rarely has a rally in either direction lasted for more than 3 days. Unfortunately today is really only day #2 for the positive rally. So I'm hoping it dips tomorrow before continuing onward.

Time will tell. :devil:

SilverRex

03-17-2009, 02:07 PM

bought HOU back this moring and sold right at close. the hammer on the 1 hour chart looks bearish, could pull back to 47.50 I'll get back in lower ;)

looking at the chart, oil's hammer right under 50 dollar stopped any more advance. I have cashed out myself as short term wise we are near the upper channel. I would like price to at least fall back to test the 47.50 and 38% retracement before jumping back in at the least, while oil could bounce at 48.58 because it was a previous peak that may now become support as well. But price dont fall back to 47.50 then currently price is too high for me and I would like it to come back down first. resetting the overbought stochastic indicator.

http://i278.photobucket.com/albums/kk118/genmaster/oil19.jpg

as for gold, not much happened today, no major break out either direction. As you can see based on my chart analysis if that is indeed a descending wedge I would say a breakout to the upside but gold will have alot of challenge ahead right at 930-935. all I know if it dips below 890, then it would take out the uptrend channel which is significant enough to turn a bullish gold sentiment back into further consolidation between 800-900. As a gold bull I dont want this to happen, but then again I have to anticpate all the worse case scenarios. There are much talk about gold having to get back to 500-700 area before it can shoot higher. I'll suggest unless you can stomach big swings like that, invest according to what you can afford to loose and not with what you cant.

http://i278.photobucket.com/albums/kk118/genmaster/gold10.jpg

KleanCord

03-17-2009, 03:17 PM

Nice catch on the Stochastics SR.

I was thinking the correction would come after we hit $50, but it seems the bears are trying to fight back this time.

One thing is for sure, and that is the trading range has been reduced almost to nothing for oil, it can only be a matter of days for $50.

All comes down to inventory reports tomorrow I guess. But if OPEC couldn't drive oil down to $43, I can't imagine a weekly inventory report could either unless it is really bad. But the last three have been pretty moderate.

max_boost

03-17-2009, 04:01 PM

If it breaks $47.50, where's the next support level?

eljefe

03-17-2009, 05:01 PM

Originally posted by max_boost
If it breaks $47.50, where's the next support level?

If it breaks 47, hopefully the support will be in your wallet!!

SilverRex

03-17-2009, 05:14 PM

^

lol nice

any ways there are many support levels, 46.69, 46 and 45.5 and even 44, however I think the 46.69 will be strong initially since it is also the 50 day moving average shown.

lets see what the report does tomorrow, I would be happy if I can see 45 again :)

Proyecto2000

03-17-2009, 06:29 PM

Originally posted by sputnik

How much do you stand to lose/gain?

well at todays close im down $2200+/-

not alot compared to some of you guys, but I guess spring break Vegas might be on hold :rofl:

Z_Fan

03-17-2009, 07:01 PM

^ You have to wait until tomorrow now anyhow, but I'd say if oil hits $46 or $45 you might want to think about bailing and calling it a day. Make your money back elsewhere. Oil should be fairly strong for a few months as traditionally we get raped over the summer months with high oil prices.

Anybodies guess though.

Right now oil is down to $48.40 from its $49.16 settle.

max_boost

03-17-2009, 07:08 PM

Yep. Short term plan is $45 oil / $27 HOD. Take the 15% and run! :nut:

Proyecto2000

03-17-2009, 08:31 PM

How do some of you guys eat up all of these losses? had I lost 20grand I would be really depressed. I'm just glad that I never bet my lunch money :rofl:

sputnik

03-17-2009, 08:33 PM

Originally posted by Proyecto2000
How do some of you guys eat up all of these losses? had I lost 20grand I would be really depressed. I'm just glad that I never bet my lunch money :rofl:

By realizing that losing more in the long run is a lot worse.

997TT

03-18-2009, 08:02 AM

Originally posted by Proyecto2000
How do some of you guys eat up all of these losses? had I lost 20grand I would be really depressed. I'm just glad that I never bet my lunch money :rofl:

I sleep well knowing that i'll forever never have to pay capital gains tax ... im on the capital loss for life program.

mac_82

03-18-2009, 08:03 AM

SIRI is over 0.40 today.

bigbadboss101

03-18-2009, 08:08 AM

SIRI was 0.06 a month or so ago at one point

eljefe

03-18-2009, 08:19 AM

Originally posted by 997TT

I sleep well knowing that i'll forever never have to pay capital gains tax ... im on the capital loss for life program.

LOL - Now that is positive thinking!

Z_Fan

03-18-2009, 08:34 AM

I am actually already thinking about sweeping the profits off the table on HOD. I'm not sure what oil was when you bought yours max. But oil was $49.53 or so when I scooped my HOD iirc.

So, it's already down $2.00 and HOD is doing OK.

Unfortunately I'm only playing with small bucks now or even one simple trade like this would have been major bucks.

I bought AIG yesterday. :dunno:

LOL

max_boost

03-18-2009, 09:02 AM

Can't decide what I'm going to do with HOD lol
Good job on AIG. Takes more balls to buy that than HOD imo! I figured with them getting grilled today it might tank their stock haha I wish HOD was up 28%

HGU/HBU anyone?

djayz

03-18-2009, 09:06 AM

Originally posted by max_boost
Can't decide what I'm going to do with HOD lol
Good job on AIG. Takes more balls to buy that than HOD imo! I figured with them getting grilled today it might tank their stock haha I wish HOD was up 28%

HGU/HBU anyone?

I picked up some more HGU yesterday in the high 11's. Was trying to pick up another position at 11 but it never made it that low. Think Ill grab some more today though.

Z_Fan

03-18-2009, 09:19 AM

I actually bailed on HGU yesterday $11.14 ... basically a straight trade no profit ... to buy my HOD. And I actually sold my HOD this morning shortly after my post when oil was $2 difference and I put half of that in to HGU.

Rest will go in to HGU if it continues to tank today. Gold down at $893.

AIG is up over 40% now.

C went way the heck up too. I was going to buy this at $1.00 just a few days back. Now it is $3.30+. Crazy shit happening in the US Bank / Insurance stocks the last few days.

I have to go out, so I guess I'll either hold AIG or set a stop loss which will be so fucking tight, it'll get triggered. :poosie: