Official Short-term Investments Thread

[SJW]

Proyecto. If you make 10% on an investment thats a good thing. Don't get greedy in this market. This week i started at 1000 dollars and as of today im at 1500 bucks.

Small things.

[natejj]

Selling BAC at 5 was a good thing...Selling BAC at 5 was a good thing...Selling BAC at 5 was a good thing...Selling BAC at 5 was a good thing...

IF I SAY IT ENOUGH I'LL BELIEVE IT!!!

[KleanCord]

Originally posted by TheCheff


Look at suncor if it is below 30/share

Suncor is not headed below $30. That was the previous resistance and it will not head back to the $23 - $30 range at current conditions.

[sputnik]

Looks like the US financials are falling from their open.

Anyone buying?

[SilverRex]

Originally posted by sputnik
SilverRex - Any technical thoughts on DJIA with it now crossing over the 7500 mark?

well the 7400-7500 area is the 38% retracement, I think based upon the news yesterday. it should continue to have legs.

another 1.25 trillion = inflationary

and when inflationary = not deflationary.

therefore the value even though is worth less, number wise it will be inflated away.

I say DOW should have enough juice to go after 7700 the 50% retracement the least

that is just me.

btw the XAU and HUI index both crossed their 200 day moving average convincingly, therefore I will hold my HGU.

[Z_Fan]

LMAO

FAS was a bad plan. Got stopped out already and set my stop $1 lower per share than what I bought at. Hahahha.

Now I'm glad I don't have a lot of money to put in to the market on days like today.

Really got all the suckers early this morning didn't it!!! I hate that when that happens.

Good thing I bought some HGU at $13.56 too. So still up on that. (For now) - well, not any more. LMAO!

[Z_Fan]

Originally posted by natejj
Selling BAC at 5 was a good thing...Selling BAC at 5 was a good thing...Selling BAC at 5 was a good thing...Selling BAC at 5 was a good thing...

IF I SAY IT ENOUGH I'LL BELIEVE IT!!!


Selling BAC at $3.64 was...OH FUCK! :facepalm: Selling BAC at $3.64 was...OH FUCK! :facepalm: Selling BAC at $3.64 was...OH FUCK! :facepalm: Selling BAC at $3.64 was...OH FUCK! :facepalm:

[KleanCord]

I feel like I just need to point something out here.

Gold as a deflationary hedge was a more valid argument than as an inflationary hedge. It will perform well but I don't think it keeps pace with the market.

As you are seeing right now, if you look at other commodities, those with actual industrial and commercial use, are keeping up to the same pace as Gold.

Gold
681 - Bottom of this whole thing
1000 - Top of this trough
47% Increase

Oil
35 - Bottom
52 - Top thus far
49% Increase

Copper
125 - Bottom
182 - Top
46% Increase

I think the point should be made that one should not blindly run into Gold because they here about hedging their portfolio on inflation. If you want to take part in the speculators game then go ahead. But investing in gold miners over oil producers at this point is probably a very bad long term decision. Especially because the higher Oil rises (and in this case at a faster rate than Gold) the less margins these miners work with.

[SilverRex]

^


gold is not a true inflationary hedge as the history shows during inflationary periods, gold actually goes down.

however gold will benefit on the early stages of inflation because of hype and speculation, ultimately gold has more to do with the increased in money supply. that is why the 1.25 trillion injection caused the biggest reaction in gold prices.

I dont intend or recommend anyone to hold gold for ever. there will come a time when you need to sell it and turn back in to stocks or others alike.

it would be a great diversification if one is to have investment in both metal, agriculture, and energy. Giving oil is still cheap it will find its way back to at least 70 dollars sooner than anyone think.

and inflationary measure could take it back to 150 easily. but if we rocket back to recent heights too fast and too soon, then the gov will step in with a double digit interst rate hike like they did in the late 70s then another problem will begin.

gold is quite unpredictable sometimes, but there is so much reason to own it, amid one should not load the boat giving its volatility can kill you easily. They say gold can remain irrationally longer than one can stay solvent. But the beginning of a currency war, gold will benefit to the upside. Just position your self accordingly.

[e36bmw///]

nm

[SilverRex]

after gold breaking above 945, next level were 960 and it got to 958, I guess it was close enough.

look for gold to temporary peaked. so all eyes are now on support levels. 945, 930

as long as we close the week above 930, gold is looking very good in the short term.

hui as fallen back down probablly due to profit taking, but the rise above 200 day moving average is quite significant in my view. So I'll just hold on to my hgu as long as I could. But those who didnt get into HGU when it was in the 10s or 11s, dont blindly jump in, if gold is to shoot for a lower retest, it will drag hgu back down a bit.

looks like oil is finding resistance in the 52-53 area, as mention earily in my chart, its too sharp, I will eye my buy back and hope it breaks the sharp ascending wedge get back to a healty line or say the 50 day moving average on the 1hr at around 48 before opening any position

[911fever]

wow, AIG is doing well
http://www.google.com/finance?q=NYSE:AIG

[civic_rida]

Is anyone buy hod?

[davidI]

Originally posted by civic_rida
Is anyone buy hod?

Got in at $21.50. Bracketed at $20 & $26. I hate playing these damn 2x ETFs but I can't see a whole lot of justification for the price of oil or the rally over the last week. The fed's move yesterday should help the markets, but I think there will be more bad news to come before we see the effect of the latest stimulus.

[SilverRex]

actually im cashing out one of my two position in HGU. that one I booked 20% profit. the other im still up 30% and will hold as long as I could or until gold shares turn bearish

[Canmorite]

Originally posted by SilverRex
after gold breaking above 945, next level were 960 and it got to 958, I guess it was close enough.

look for gold to temporary peaked. so all eyes are now on support levels. 945, 930



Textbook bounce off of 945 haha. Loving this.

[max_boost]

Originally posted by davidI


Got in at $21.50. Bracketed at $20 & $26. I hate playing these damn 2x ETFs but I can't see a whole lot of justification for the price of oil or the rally over the last week. The fed's move yesterday should help the markets, but I think there will be more bad news to come before we see the effect of the latest stimulus.

Yeah that's how I look at it too except this time something feels different. Something just isn't right? Oil doesn't want to die anymore lol

With that said, out of HOD completely at $21.50, took a hit but not that bad considering I made a flip of 12 and 9% to ease it but moving on now. The game has changed, BUY HOU! lol :rofl:

Anyway, profits just staring in my face right now. Been a very lucky week. 40% on AIG, 20% on UUU, 33% on HGU. Just going to put a sell on stop and hopefully they just keep going up haha

[Z_Fan]

I just sold 100% of my HGU.

Fuck am I paranoid. :poosie:

[max_boost]

Thanks Z! AIG is up 31% after you sold yesterday. Thanks bro!

:thumbsup:

:D

[civic_rida]

Im suprised to see im only down 7% now on penn west lol.

[Canmorite]

NGJ9 is on a fucking rampage this morning. Expiry is on the 27th, but the way it was moving you would think it's today.

From 3.700 to 4.400 at the high :dunno:

EDIT: May (K9) is doing the same thing...

http://quote.barchart.com/quote.asp?sym=NGJ9&code=BSTK

Encana? Nexen? Who else is big into NG?

[max_boost]

Bought some Husky at $28.20

[Canmorite]

Originally posted by max_boost
Bought some Husky at $28.20

Nice gap play today. Could be an interesting one to watch...

[max_boost]

Stopped out of AIG. US bank stocks are falling. I took my 35% and ran! lol

[Jlude]

my lowly lululemon stock is up 2.00 per share this week!

fuck oil boys! haha jk

[davidI]

Originally posted by max_boost


Yeah that's how I look at it too except this time something feels different. Something just isn't right? Oil doesn't want to die anymore lol

With that said, out of HOD completely at $21.50, took a hit but not that bad considering I made a flip of 12 and 9% to ease it but moving on now. The game has changed, BUY HOU! lol :rofl:



We'll see. I'm heavily weighted in E&Ps so the HOD almost acts as a hedge for me. I agree with you that things may continue to rally, but only if investors continue to ignore the data and bet on the stimuli working.

[Z_Fan]

I actually think HOD is looking good to pick up. I'm hoping to see $52 oil again today and then I'll buy it as I think by Monday it'll be $47.78 which it seems to like to visit...nice random number. Ha!

Flipping HGU for fun.

FAS...well, 3X ETF = dangerous.

[max_boost]

Ahh fuck it, I have a buy order set for $20 HOD. :rofl:

[sputnik]

Tempted to buy Citigroup at $2.75 or AIG at $1.50

[aklalani]

things are looking good. just sold my 10000 hou that i bought at $6.50 a while back. Filled at $7.08. Also bought some BAC 2 or 3 weeks ago at $3.40. Oh baby

[sputnik]

LOL

Make that AIG at $1.40

[Z_Fan]

Originally posted by max_boost
Thanks Z! AIG is up 31% after you sold yesterday. Thanks bro!

:thumbsup:

:D

Anything to help you out...

Good thing you got out, it's tanking since.

:devil:

Welp, I decided to go in to FAS again. Got stopped out again. So that's twice I got my hand slapped for touching that thing today.

Fuck FAS.

[KleanCord]

Originally posted by max_boost
Bought some Husky at $28.20

You have now joined the Husky club. I wonder if Dinan sold his before today.

It had such strong resistance at $27.80 I wonder if it finally broke out of it's range today.

[eljefe]

Originally posted by Z_Fan


Anything to help you out...

Good thing you got out, it's tanking since.

:devil:

Welp, I decided to go in to FAS again. Got stopped out again. So that's twice I got my hand slapped for touching that thing today.

Fuck FAS.

Third time charm?

[KleanCord]

What are people's thoughts on HXU?

I bought in at 9.15 but could this be a good time to take my profits? Normally I would but the announcement yesterday was definitely bullish for commodities which is obviously bullish for Canada.

[KleanCord]

Originally posted by Canmorite
NGJ9 is on a fucking rampage this morning. Expiry is on the 27th, but the way it was moving you would think it's today.

From 3.700 to 4.400 at the high :dunno:

EDIT: May (K9) is doing the same thing...

http://quote.barchart.com/quote.asp?sym=NGJ9&code=BSTK

Encana? Nexen? Who else is big into NG?

Don't inventory reports come out today. Or have they already come out.

EDIT: Inventories dropped 30bcf, it was expected 22bcf. Maybe Nat Gas isn't dead.

[Z_Fan]

Just say "NO" to FAS. ;)

That is a wild wild stock. 2X ETF bad enough, 3X ETF is crazy. Big gain or big loss in a damn hurry.

[eljefe]

Originally posted by Z_Fan
Just say "NO" to FAS. ;)

That is a wild wild stock. 2X ETF bad enough, 3X ETF is crazy. Big gain or big loss in a damn hurry.

I toyed with the idea- then decided to keep my winning streak going (or at least try)

[KleanCord]

Gold has completely formed an inverse head and shoulders. Looks like $1000 is a very easy target (like that needed to be said).

[bigbadboss101]

Can someone explain head and shoulder? Thanks.

I sold half my HGU earlier today.

[Proyecto2000]

Originally posted by SJW
Proyecto. If you make 10% on an investment thats a good thing. Don't get greedy in this market. This week i started at 1000 dollars and as of today im at 1500 bucks.

Small things.

that was my original goal, make small gains ($100-$300) and move on. I did on my very first trade when I bought Suncor for $23.xx 4 weeks ago and then I sold and bought HOD for my 2nd trade. I could have gone out the next day with a $300 profit but I was greedy and lost lol.

for my 3rd trade, I will stick to the original plan of not letting greed get to me :D

[SJW]

Yah we all have to lose some times.

[KleanCord]

Originally posted by bigbadboss101
Can someone explain head and shoulder? Thanks.

I sold half my HGU earlier today.

At work but maybe I will post a chart when I get home. It is a fairly reliable technical signal.

Basically yesterdays charts, after the Fed announcement there was a spike, then a minor pullback then a top spike and it went down in the same fashion. That pattern is a head and shoulders. Just Google Technical Analysis Head and Shoulders. You should find a decent explanation.

[max_boost]

Well, after selling AIG at $1.69 I just had to put a buy order back in at $1.50

With oil looking so bullish, can we expect a spike in the energy sector? I'm thinking of HEU

:D

[SJW]

Anyone have the balls to buy some HND?

[yoda124]

DRYS? Gap up today and seems to be holding its gains so far.

[ballah]

anyone think that HXD would be a good buy right now??

just deciding if HXU would be better than HXD...

[SilverRex]

anyways im selling my other half of HGU. I will take my chance for a pull back.

im happy with my 20% and 31% gain this week

and oil Im looking for it to break down from its sharp rise back to 48.50

im going to wait for a correction gold to at least head back to 945 or even 930

http://i278.photobucket.com/albums/kk118/genmaster/gold16.jpg

[max_boost]

In SR we trust. I shall sell my HGU as well. :thumbsup:

As for HND, I don't follow it much but aren't they turning the taps off? Supply to fall faster than demand? :dunno:

[max_boost]

US house passes 90% tax targeted at employee bonuses. Oh snap! lol :eek:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqT1gxZQmVh4&refer=home

[KleanCord]

I don't get why they just didn't void the contract. If it was market interference they were worried about, this is the exact same thing.

[ExtraSlow]

Originally posted by max_boost
In SR we trust. I shall sell my HGU as well. :thumbsup:

As for HND, I don't follow it much but aren't they turning the taps off? Supply to fall faster than demand? :dunno:
Yeah, natural Gas, unlike oil, is very much a North American commodity only. It's not imported or exported from overseas in significant quantity. The huge slowdown in drilling for natural gas, combined with the very steep initial-year decline for all the major gas plays in North America, should turn into a "perfect storm" for gas prices. However, the really tough thing is predicting when those forces will be reflected in the gas price. Wells that they are not drilling this month, won't effect supply until six to twelve months down the road.
I would still be wary of HND due to the possible value errosion while waiting for the turnaround. I'd be much more comfortable investing in quality natural gas producers, like AET.UN, DVN etc. I'm personally pretty heavy into AET.UN.

[SJW]

Im into Day.UN and Nae.UN

[Z_Fan]

Originally posted by Z_Fan
...
Also, AIG executives will be giving their bonuses back. Not rocket science here. And when they do, AIG will look all golden again to the media.

AIG will also be forced to give back bonuses, by law, should they not do so by their own choice.
...



Originally posted by max_boost
US house passes 90% tax targeted at employee bonuses. Oh snap! lol :eek:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqT1gxZQmVh4&refer=home

Guess what. I'm not surprised at all. Saw that one coming a mile away.

[ExtraSlow]

NAE.UN is solid, but not a pure natural gas play, they are about 50/50 oil to gas ratio.

Many of the trusts have very attractive disturbutions that make share appreciation a secondary concern in the near term.

[max_boost]

Thanks ExtraSlow. I think I've had enough of the speculation game lol

Anyway, thoughts on this?




Morgan Stanley forecasts the West Texas Intermediate crude price will average $35 a barrel this year.

“OPEC has stopped cutting despite record inventories and now non-OECD demand is deteriorating rapidly, just as material new refining capacity further threatens margins that are already falling,” Morgan Stanley analyst including James Hubbard said in the report today. “We still think that further cuts are required to stop inventory builds.”

http://www.bloomberg.com/apps/news?pid=20601207&sid=a1F9aKuo0BSs&refer=energy

Say WHAT?

ORLY?

Who is this guy? Is he another Jeff Rubin?

[Z_Fan]

Hey I read that article max_boost and it looks like it's not passed. It's just proposed? :dunno:

Anyhow, obviously they will pass it. But your post made it sound like they already had...

[ExtraSlow]

I'm not familiar with this guy.
GLJ produced the price forcasts that are widely used around Calgary when running economics on new projects.
They predict higher Oil prices than $35, although they do predicit no significant increase in oil price until 2010.
http://www.gljpc.com/pdfs/pricing.pdf

The GLJ forecast attempts to be pretty conservative, and I've found it that way in the past.

[max_boost]

Originally posted by Z_Fan
Hey I read that article max_boost and it looks like it's not passed. It's just proposed? :dunno:

Anyhow, obviously they will pass it. But your post made it sound like they already had...

I just quickly googled for a link and that one came up. I didn't even read it, my bad. Anyway, I saw it on the headlines on BNN so it passed.

Found another link.

http://news.yahoo.com/s/ap/20090319/ap_on_go_co/aig_outrage

[civic_rida]

so i made some $$$ on hod today.

[Canmorite]

Originally posted by max_boost
US house passes 90% tax targeted at employee bonuses. Oh snap! lol :eek:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqT1gxZQmVh4&refer=home

Totally leaving the main issue with AIG in the dark. Much easier to talk about a few hundred million instead of the hundreds of billions used to bail them out. I don't agree with bonuses for these guys, but there are WAY larger issues.

What it will do is make Obama look like a hero for going after these guys while propping up his approval ratings.

Oops!

Dodd Blames Obama Administration for Bonus Amendment

http://www.bloomberg.com/apps/news?pid=20601103&sid=aT_tMXRy2vDs&refer=us

[Z_Fan]

Well, either way with regards to the bonuses, I knew the government would step in and do that. So no surprises. However, I actually think what they have done should be against the law. But hey, when you are making the laws...well...anything goes.

Don't get me wrong, I think the bonuses are complete bullshit. But I also think the government targeting any specific...and I mean VERY SPECIFIC person or group of people is utter bullshit.

Mixed feelings on that...though it seems morally right that they should not get any bonuses...

[KleanCord]

$35? Has that guy even looked at an inventory report since November? How about a price chart? And this guy works for Morgan Stanley. I am sure he is an Ivy League MBA too.

In order to average $35 that means we would have to go below $35 at some point first.

How old is that article?


$35...perhaps another hidden agenda because no one is that stupid. I really struggle reading any analyst reports nowadays. Bloated with consensus thinking, and no real insight.

Mind you I happen to believe we won't see sub $50 oil again. Let's see how long I look smart saying that :)

[Dinan]

yeah i bought some HSE at 26.66 and sold at 27.3 and then bought again at 26.66 and sold at 28.2 and sold some of my others at 28.64 and still have some shares.... so i'm happy, made some cash,,, now i'm going to buy few more... hope it rockets up to 29-30 soon :)


just MAD i didn't buy HGU,, why why WHYYYYYY didn't i???:banghead: :banghead:

[Z_Fan]

FAS

So here was my experience with a 3X ETF. Basically I have become accustomed to setting stops within a certain percentage and feeling comfortable with X% as a loss on any stock I buy.

With the 3X ETF, the price can fluctuate so quickly up or down that setting a stop at the same % as per a normal stock simply does not work. If you're playing with FAS, be careful because you can literally set a stop 15% lower than your in price and be stopped out in 3 minutes, only to have the price be 5% above your in price 5 minutes later. It fluctuates that fast. Thus, you get stopped out, but the stock has in fact gone up ... it just bounces too much too fast. Triple your stop percentage and consider that the price you pay for messing with a 3X ETF.

In any case. If you are still holding this 3X ETF FAS tonight, you're gonna get killed tomorrow on open. :devil:

Just a guess, of course. But the USA financials are in denial if you ask me. Their currency should be virtually worthless across the globe because of how much they've inserted in to the economy by hitting the magic "print" button.

[911fever]

The US can't win for losing now with all this printing of money. When has history ever proven that big government spending has led to the end of a recession?

[max_boost]

haha Z_Fan lol

Well, AIG down 10% in after hours. Going to get murdered tomorrow :rofl: Time for plan B, holding it for the long term and averaging down! Or sell on stop? Hmmm.....:eek:

[Z_Fan]

I thought you sold out of AIG max_boost? Did you buy back in or something? ? ?


Nevermind. I see AIG at $1.50 buy for you max...LOL


The only question is how many shares. I hope it's only a couple thousand...

And you're only a couple pennies behind. Nothing to worry about really.

[911fever]

interesting youtube video on the feds buying up the treasury.
XKBpBRZzF7c

[Canmorite]

Good video...

[canadian_hustla]

Originally posted by Z_Fan
FAS

So here was my experience with a 3X ETF. Basically I have become accustomed to setting stops within a certain percentage and feeling comfortable with X% as a loss on any stock I buy.

With the 3X ETF, the price can fluctuate so quickly up or down that setting a stop at the same % as per a normal stock simply does not work. If you're playing with FAS, be careful because you can literally set a stop 15% lower than your in price and be stopped out in 3 minutes, only to have the price be 5% above your in price 5 minutes later. It fluctuates that fast. Thus, you get stopped out, but the stock has in fact gone up ... it just bounces too much too fast. Triple your stop percentage and consider that the price you pay for messing with a 3X ETF.

In any case. If you are still holding this 3X ETF FAS tonight, you're gonna get killed tomorrow on open. :devil:

Just a guess, of course. But the USA financials are in denial if you ask me. Their currency should be virtually worthless across the globe because of how much they've inserted in to the economy by hitting the magic "print" button.


This stock is nuts. It is great if you want to make a quick buck but I don't know if I trust it. Mind you it has sure had a rally from its low point. I am tempted to buy it and sell it on the same day, only thing is to find out when i want to sell LOL. $5.7X-$7.4X and only to close back around $5.7X is crazy!!! lol.

[SilverRex]

ok friday.

what a week eh?

looking at oil, we are still in the upper channel so even if it rockets higher say if it breaks above 52 (a small down trendline) so what it will find alot of resistance above 52 which makes any trade at currently level risk / reward not worth it (in my books)

but support is all over the place as you can see, it can (so far bouncing off the 50 EMA on 1 hour) then there is a sharp uptrend next level down, then you have the 200 EMA and previous downtrend line which I Think is very strong.

over all Id say oil wont look attractive enough to me unless it can fall back down to below 50 (circle area) but im sure there will be some strength around 50 as well. so I continue to wait.

http://i278.photobucket.com/albums/kk118/genmaster/oil22.jpg

for gold, I took a gamble and sold very thing in this sector as I want to wait for a pull back and so far so good, gold dropping, first big support at 945 look for support to be had some where in the circle area

http://i278.photobucket.com/albums/kk118/genmaster/gold17.jpg

[SilverRex]

bought back in HGU, looks like gold around the 947 is strong. hui index I figure if it dips back to 320 area (13.70s) it was a good entry. potentially if gold dips to 930, hui can then retest near its 200 MA at around 305, then that would put hui under 13.00

I have two position one back in at 13.73 and one if it dips back to 13 or below.

[Z_Fan]

Yeah, I bought back in HGU too.

$13.72 this morning just missed $13.6x range but it was there very briefly...and by the time my order filled, I clicked refresh and it was $13.90. LOL.

I don't think it will dip to under $13 today at all. Looks very strong. We'll see. You never know.

[Proyecto2000]

Do any of you pro's think that Suncor will be comming down to $30 any time soon?

[997TT]

man i'm a sucka for buying the same stocks that have done well for me ... back into HGU and FAS

only problem is my temporay gains on HGU are offset by my loss on FAS at the moment...lol

don't know why i'm so addicted to 3x leverage ... guess i'm a sucka for punishment.

Did i mention that i'm a gamboholic? lol

[mac_82]

Government might "bail out" Canwest, and others in the industry.

Also Canwest, CTV, and others are looking for a "fee for carriage" charging cable and sat providers fees like specialty channels. This is why companies like Astral and Corus are still profitable right now, and Canwest is getting hammered.

Meetings will be happening over the next couple weeks, keep an eye on stocks like Canwest.

[KleanCord]

Originally posted by Proyecto2000
Do any of you pro's think that Suncor will be comming down to $30 any time soon?

If it does I am a buyer. I tried to buy on Wednesday on it's dip back to $30. I had an order in for $30.80 after seeing it held twice at $30.50, but then the Fed made the announcement and I literally missed out on the stock by a couple of minutes.

Just be patient as Suncor is overbought right now and is bound to head back lower and consolidate more around $30.

[Z_Fan]

max_boost how you making out with AIG today? You get stopped out or are you averaging down? :poosie:

[ExtraSlow]

I'm very interested in SU once it dips.

[max_boost]

Originally posted by SilverRex
bought back in HGU, looks like gold around the 947 is strong. hui index I figure if it dips back to 320 area (13.70s) it was a good entry. potentially if gold dips to 930, hui can then retest near its 200 MA at around 305, then that would put hui under 13.00

I have two position one back in at 13.73 and one if it dips back to 13 or below.

ORLY?

Don't want to miss out on the action so I am buying back in!


Originally posted by Z_Fan
max_boost how you making out with AIG today? You get stopped out or are you averaging down? :poosie:

Oh man. $1.40 stopped out. No harm no foul. Fuck AIG! lol


Originally posted by ExtraSlow
I'm very interested in SU once it dips.

Me too! Waiting for it to fall into the mid $20's again. I flipped it a couple times from $23-$26 only to sell out and go for HOD to get killed lol It's holding steady above $30 though.

[max_boost]

My UUU is on fire! Up another 6% today! :eek:

[Dinan]

Originally posted by max_boost


ORLY?

Don't want to miss out on the action so I am buying back in!



Oh man. $1.40 stopped out. No harm no foul. Fuck AIG! lol



Me too! Waiting for it to fall into the mid $20's again. I flipped it a couple times from $23-$26 only to sell out and go for HOD to get killed lol It's holding steady above $30 though.


who knows if will see suncor in the 20's not mid 20's .... but i hope it does too.... did you get anymore HSE now, it's like 1$ less then when you bought it...

[Proyecto2000]

I would be happy to get back into Suncor at $30.00. I was actaully tempted to buy at $32.80 this morning, but I will just wait and see if I can get in cheaper :D

[KleanCord]

Suncor

Stochastics indicate extremely overbought. Expect it to have a correction (note that this does not mean it has to be significantly sold).

Money Flow is positive. Meaning that more people are buying into it and less are selling it basically.

Oil broke resistance at $50.30 and should find nice support around there.

MACD is above zero and climbing but Moving averages are about to cross over.

Volume levels look great.

Is it at least half as much as all time highs and less at least 60% from 05 levels (before biggest run up). Yes.


This broke resistance at $30, buying it in $20s again should be impossible. Buying it everytime it dips to $30.99 and below is a better idea. Not to say that it can't go back down in the long term but indicators for intermediate trend are pointing up. Look for it to trade between $30 - $39. But I would prefer to wait until Stochastics and MACD aren't showing that a correction has to be made.

Very few stocks break resistance and fall back down into their previous trading range unless news comes out. Agrium would be an example, when they announced a takeover of CF Industries. But if they do then you are probably better off not buying them. I think of Husky like this. I bought them when they broke support only to realize that I bought them at the top of their resistance. Hopefully now they are in their next upper trading range.

[SilverRex]

this is it HUI index right at the high 327.89 (previous peak 327.84) is this a break?

[Z_Fan]

SilverRex

I got caught on a flip with HGU out at $14.30. I'm wondering if you feel it is worth chasing it, as technically it is going to continue its uptrend - or do you think I should just relax and wait for it to fall and buy back in...

Hahah, let's hear it Rex!

[SilverRex]

^

well its difficult when its right at an important top, I guess it all comes down to how much you have made, and what your views are long term.

if you plan on holding it for awhile like thinking hui index will reach its target 400, then it makes the current valuation darn cheap.

depending on how much money you plan on to invest. why not split up your position? one here and if it dips 10%, throw that other one in.

however if you are keen on one solid position, then perhaps you can wait for a true break out and hope that it will come back down to retest the area around 327

[Jlude]

Any thoughts on HWD?

[DJ_NAV]

i would buy HGD right now... only if i had more cash....

[djayz]

Originally posted by DJ_NAV
i would buy HGD right now... only if i had more cash....

I don't know but it looks like gold is looking to make a breakout soon. It's been stuck around the 950-960 level for a long time and as SR mentioned HUI index is topping off.

I'm out of all positions of HGU will buy more if it goes under 14 or wait for the fall back to $11 level, however I see it touching $15-16 before falling back down.

[max_boost]

Originally posted by Z_Fan
SilverRex

I got caught on a flip with HGU out at $14.30. I'm wondering if you feel it is worth chasing it, as technically it is going to continue its uptrend - or do you think I should just relax and wait for it to fall and buy back in...

Hahah, let's hear it Rex!

I bought back in and hoping for another upside break out! Only a small position though in case it pulls back and then I'll buy more. :dunno:


Originally posted by Jlude
Any thoughts on HWD?

Nice gap up today.


Harry Winston Diamond Corp. has struck a deal with Kinross Gold Corp., part of which involves Kinross buying 15.2 million Harry Winston shares at $3 each – or a 60 per cent premium over their close on Thursday.

Brian MacArthur, an analyst at UBS, noted that the deal appears to solve any potential cash crunch at Harry Winston, but it comes at a hefty cost: The deal will seriously dilute Harry Winston earnings. Indeed, Mr. MacArthur cut his estimated 2010 earnings to 39 cents (U.S.) from 69 cents. He also cut his estimated 2011 earnings to 97 cents from $1.80.

The analyst maintained a “buy” recommendation on the stock. However, he cut his 12-month price target to $6 (Canadian) from $10 previously. The shares traded on Friday morning at $3.40, up $1.12 or 49.1 per cent.

[max_boost]

Short the markets anyone? lol :rofl:

[997TT]

FAS ...why must you be so evil :banghead:

[KleanCord]

It's just options expiration day.

I would just wait till the last half hour of the day to make a trade and see if you can get out on a run up or run down. People are going to try to move the market in the direction of their options, and right now it just looks down.

[hattonlynch]

lol my tck.b has been up 30% in roughly 4 days. go me.

[max_boost]

^
I was looking at it the other day but failed to pull the trigger. Argh.....:banghead: lol

[hattonlynch]

Originally posted by max_boost
^
I was looking at it the other day but failed to pull the trigger. Argh.....:banghead: lol
haha sucks to be you...ive been setting buy orders at 4.00 since december. Keep selling at 6. Rinse and repeat. Love it :D
anyone want a risky stock that has some potential?
CDE-N

[KappaSigma]

wow suncore to buy petro canada.

[DJ_NAV]

^I think petro will go up.. but who knows... they might both go up.