Official Short-term Investments Thread [Archive] - Page 121 - Beyond.ca - Car Forums

SilverRex

03-23-2009, 07:15 AM

let see monday.

gold it cound not convincingly break above 961 and sustain momentum, now it will look for a good support before a fresh assult once again in the 960 level. looking at the charts I will have to say 945 is a good support but given the range between 945-961 is too tight, sell pressure could over spill into the 930 area. there fore I would imagine 930-935 to hold.

I even had a vision in my dream that the interm range is 930-990 as you can see, I expect gold to break to 980-990 only to get shot down, but it will form another down trendline streching out for a while and when that breaks it will be gold season again.

I continue to take a good dip in gold as opportunity to pick up or strengthen one's position.

gold share is starting to out perform gold meaning, it is only a matter of time when it blows pass the current peak at around 327. I say downside risk is around 305 so that is about 6-7% (12-13% on the HGU. so I Think the coming current range would be 12.30-17.00.

http://i278.photobucket.com/albums/kk118/genmaster/gold18.jpg

as for oil, im looking for it to come back down to the 47-48 area before it will become a good entry. pretty straight forward. So what if it suddenly hits 55? Not going to entertain oil unless its a the low of the channel or any channel for insurance sake

http://i278.photobucket.com/albums/kk118/genmaster/oil23.jpg

Proyecto2000

03-23-2009, 07:32 AM

well Petro Canada up just under $5.00

Z_Fan

03-23-2009, 07:34 AM

HGU was interesting at open. Some people scooped some shares at a decent price and then it was above Friday's close in about 30 seconds after open. Meanwhile, some lucky people picked up shares at 13.88 (as low as).

Wow. I hope it keeps going upwards. :poosie:

Side note, if I would have kept my HOU (through all the termoil) I would have had $50,000.00 worth of shares this morning.

Proyecto2000

03-23-2009, 07:41 AM

did any one get in on Suncor at open? I bought in at $30.74 :D

DJ_NAV

03-23-2009, 07:42 AM

PCA is flying!

Dinan

03-23-2009, 07:44 AM

Originally posted by Proyecto2000
well Petro Canada up just under $5.00

what its up 7+,,, what happend???

e36bmw///

03-23-2009, 07:45 AM

Proyecto2000

03-23-2009, 07:47 AM

Originally posted by Dinan

what its up 7+,,, what happend???

now I wish i would have bought them at $34.80 instead of buying Suncor at open :(

o well, go oil!

btw what are your thoughts on HOD this morning?

im just kidding guys, I figured a HOD question by me Monday morning would be funny :rofl:

Dinan

03-23-2009, 07:48 AM

Originally posted by e36bmw///
suncore buying them

oh damn... why couldn't they buy HSE lol... fuck...!!!!

wow...who ever go into PCA is LUCKY!!!!

DJ_NAV

03-23-2009, 07:50 AM

I placed an order last night for PCA... got them for $35.01.. It jumped quite a bit overnight! How do orders placed overnight work? Is it first come, first serve basis?

blinkme_210

03-23-2009, 07:51 AM

Originally posted by Proyecto2000
did any one get in on Suncor at open? I bought in at $30.74 :D

I got in a few months ago at ~$23. Just had an order go through @ $30.35.

Bought into PCA @ $33.60

blinkme_210

03-23-2009, 07:52 AM

Originally posted by DJ_NAV
I placed an order last night for PCA... got them for $35.01.. It jumped quite a bit overnight! How do orders placed overnight work? Is it first come, first serve basis?

As sell orders are placed, buy orders are filled.

Proyecto2000

03-23-2009, 08:12 AM

Originally posted by blinkme_210

I got in a few months ago at ~$23. Just had an order go through @ $30.35.

Bought into PCA @ $33.60

nice :thumbsup:

now Petro Canada shares are going to be worth 1.8 shares of the new company. Would it br wise to buy Petro Canada at a premium price to get the extra .8 share?

Dinan

03-23-2009, 08:24 AM

Originally posted by Proyecto2000

nice :thumbsup:

now Petro Canada shares are going to be worth 1.8 shares of the new company. Would it br wise to buy Petro Canada at a premium price to get the extra .8 share?

sorry, i don't get it..... how does work?

thanks

eljefe

03-23-2009, 08:24 AM

Oil at 53.40 holy fawwwk

eljefe

03-23-2009, 08:29 AM

Originally posted by max_boost
It'll be interesting to see how the market plays out. I bought some XEG ishares energy ETF so hopefully I get a piece of the action haha Also I forgot to say, I bought HOU at $7. Yes I did! So what. :poosie:

I also have Citigroup at $2.6, yeah yeah whatever. :rofl: :whocares:

I'll see you guys in the morning. Ha! :thumbsup:

Wake up!!!! Your in the money today buddy- everything you bought is up quite nicely

911fever

03-23-2009, 08:36 AM

Originally posted by eljefe
Oil at 53.40 holy fawwwk

crazy!!

DJ_NAV

03-23-2009, 08:38 AM

I might finally break even with HOU.... i bought it at 8 a longgg time ago!

Dinan

03-23-2009, 09:02 AM

Originally posted by DJ_NAV
I might finally break even with HOU.... i bought it at 8 a longgg time ago!

why didn't you buy any when it was at 5, could have averaged down..... well almost there, another .6 hehehe....

max_boost

03-23-2009, 09:09 AM

Originally posted by Z_Fan
HGU was interesting at open. Some people scooped some shares at a decent price and then it was above Friday's close in about 30 seconds after open. Meanwhile, some lucky people picked up shares at 13.88 (as low as).

Wow. I hope it keeps going upwards. :poosie:

Side note, if I would have kept my HOU (through all the termoil) I would have had $50,000.00 worth of shares this morning.

Ahh it's tough man. Things in the oil world change so fast :nut: I told my uncle who had $9HOU that it was a hopeless situation when it fell into the $4-5 range, well not no more. So much momentum for oil. What in the world is going on?

Originally posted by eljefe

Wake up!!!! Your in the money today buddy- everything you bought is up quite nicely

Oh man, it's all luck.
:eek:

max_boost

03-23-2009, 09:14 AM

Oh man, UUU up another 9%. I need someone to come in and scoop them up for $10 and then I've officially hit my first home run in 4 years of action :rofl:

Even the slow moving HSE is up! :eek:

How long can this rally last? Treasury Tim unveiling his bank plan today, I hope it's full of substance and doesn't tank the market. :nut:

PCA up huge, I didn't think it would gap up, fall down and then shoot up again. Looks like some of you cashed in nicely there. :thumbsup:

DJ_NAV

03-23-2009, 09:23 AM

sold my PCA at 37.10.... I know i know I sold it early... but that's just the way I'm gonna play from now on.... BTW.. the Suncor-Petro Canada is deal is now official... last night it was just rumors or whatever you want to call it.. but just recently they announced that it is a done deal.

bigbadboss101

03-23-2009, 09:27 AM

Yup, Suncor employees and contracts banned from trading Suncor and PCA stocks until the 25th.

Dinan

03-23-2009, 09:31 AM

anyone buying at 31.6???

i just picked up some.. good or bad,, hehehehe

Proyecto2000

03-23-2009, 09:43 AM

to bad my morning meeting went longer then usual, i missed selling at $33

911fever

03-23-2009, 09:45 AM

Originally posted by max_boost

How long can this rally last? Treasury Tim unveiling his bank plan today, I hope it's full of substance and doesn't tank the market. :nut:

haha yeah right, good luck with that

max_boost

03-23-2009, 09:49 AM

Geithner Relies on Investors for $1 Trillion Plan
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajiVjxYZ.AjM&refer=worldwide

The plan is aimed at financing as much as $1 trillion in purchases of illiquid real-estate assets, using $75 billion to $100 billion of the Treasury’s remaining bank-rescue funds. The Public-Private Investment Program will also rely on Federal Reserve financing and Federal Deposit Insurance Corp. debt guarantees, the Treasury said in a statement in Washington.

Will this work? Rally the market? So be it!

Mark_Nguyen

03-23-2009, 09:52 AM

So this is my question for the SUncor Deal. It says that if you have Petro stock then that means you get 1.28 shares of the new company. So if lets say a person buys Petro at $38. Means they will essentially pay $29.68 for Suncor correct? If that’s correct it seems like a bargain to purchase at this point especially if someone wanted buy Suncor under $30 right?

Dinan

03-23-2009, 09:56 AM

eljefe

03-23-2009, 09:57 AM

Originally posted by max_boost
Geithner Relies on Investors for $1 Trillion Plan
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajiVjxYZ.AjM&refer=worldwide

Will this work? Rally the market? So be it!

Why do I get the idea that you're sitting there thinking about $19 HOD as a buy??

civic_rida

03-23-2009, 10:00 AM

omg i have 40 dollar hod :banghead:

jk man that would suck

Proyecto2000

03-23-2009, 10:09 AM

Originally posted by Mark_Nguyen
So this is my question for the SUncor Deal. It says that if you have Petro stock then that means you get 1.28 shares of the new company. So if lets say a person buys Petro at $38. Means they will essentially pay $29.68 for Suncor correct? If that’s correct it seems like a bargain to purchase at this point especially if someone wanted buy Suncor under $30 right?

Thats what im thinking becuase if I buy 100 Petro Can shares at $38 im spending $3,800. I will receive 128 shares of Suncor and if I sell them for $31/ea, I will get $3,968. So provided that Suncor keeps going up it could be a good buy in my opinion :dunno:

Mark_Nguyen

03-23-2009, 10:12 AM

eljefe

03-23-2009, 10:18 AM

Originally posted by Proyecto2000

Thats what im thinking becuase if I buy 100 Petro Can shares at $38 im spending $3,800. I will receive 128 shares of Suncor and if I sell them for $31/ea, I will get $3,968. So provided that Suncor keeps going up it could be a good buy in my opinion :dunno:

Don't forget this is not a done deal. This has to be approved by both shareholders and government agencies. Not that shareholders are expected to turn it down however, when the government got rid of its share of Petro Canada they put in place something called "Petro-Canada Public Participation Act" that stated no one shareholder could own more than 20% of Petro Canada stock. It was mostly meant to keep the ownership Canadian but could still pose a problem for the deal.

Dinan

03-23-2009, 10:49 AM

Originally posted by eljefe

Don't forget this is not a done deal. This has to be approved by both shareholders and government agencies. Not that shareholders are expected to turn it down however, when the government got rid of its share of Petro Canada they put in place something called "Petro-Canada Public Participation Act" that stated no one shareholder could own more than 20% of Petro Canada stock. It was mostly meant to keep the ownership Canadian but could still pose a problem for the deal.

yeah but i read that PCA will be the one to take over, just because of that...

eljefe

03-23-2009, 10:57 AM

Originally posted by Dinan

yeah but i read that PCA will be the one to take over, just because of that...

No it is Suncor taking control- the new company will operate under the name Suncor and all shares will be converted to Suncor. The way they are getting around it, or at least trying is to say that Suncor now will abide by by the provisions of the Petro-Canada Public Participation Act. If the governement accepted this it would mean that Suncor head office must remain in Calgary, and that no one shareholder could own more than 20% of Suncor stock. This would in effect ensure Suncor remained Canadian.

DJ_NAV

03-23-2009, 10:58 AM

i dont think the shareholders are gonna change.. the companies and their owners are going to merge. Just talked to a suncor employee and he said they are well aware of everything and everything is figured out.

eljefe

03-23-2009, 10:59 AM

Here is the entire press release for those who have not read it.

http://www.suncor.com/Default.aspx?cid=988&lang=1

Dinan

03-23-2009, 11:00 AM

Originally posted by eljefe

No it is Suncor taking control- the new company will operate under the name Suncor and all shares will be converted to Suncor. The way they are getting around it, or at least trying is to say that Suncor now will abide by by the provisions of the Petro-Canada Public Participation Act. If the governement accepted this it would mean that Suncor head office must remain in Calgary, and that no one shareholder could own more than 20% of Suncor stock. This would in effect ensure Suncor remained Canadian.

i meant, "legaly" but it will all be suncor....

damn, maybe i shouldn't have bought suncor, it went down .4 since i did.. :( should i keep or sell??

max_boost

03-23-2009, 11:21 AM

Originally posted by eljefe

Why do I get the idea that you're sitting there thinking about $19 HOD as a buy?? Possibly :rofl:

Willing to pull the trigger? Probably not. Too scared now.

The game has changed obviously. No contango, output cuts, bullish stock market, summer season upon us :nut:

Anyway, it's nice to see my entire portfolio all across the board up.

Just put a buy order back in for AIG. Yes, I KNOW. :facepalm:

hattonlynch

03-23-2009, 11:21 AM

CDE-N up 50% in two days

hattonlynch

03-23-2009, 11:21 AM

what etf can I use to short the american dollar?

max_boost

03-23-2009, 11:25 AM

Originally posted by hattonlynch
what etf can I use to short the american dollar?

HDD

:D

Proyecto2000

03-23-2009, 12:48 PM

Originally posted by Dinan

so the means suncor shares will go down :(

down near $30 now.

sputnik

03-23-2009, 01:02 PM

Interesting to see the S&P 500 cross over its 50-day moving average (around 800).

Analysts are predicting that the 50-day average may switch from resistance to a support for the index.

bigbadboss101

03-23-2009, 01:57 PM

Wow FAS went crazy. Was going out and sold some for $6.44. Got in at $6.05 earlier today. Then sold the rest for $7.11.

KleanCord

03-23-2009, 02:01 PM

No kidding 40% gain in one day. That is criminal.

max_boost

03-23-2009, 02:02 PM

^^^
Up 40%!

Originally posted by 997TT
FAS ...why must you be so evil :banghead:

If you held until today you would have been up huge! But 3X is wayyy too risky for me.

Anyone else holding HOU? ;)

911fever

03-23-2009, 03:01 PM

I want to invest 500 shares of something under $5 a share.
is this a good stock to invest? It looks to be sharp as of late, but i'm not sure how well pharmaceutical companies are doing right now
http://www.google.com/finance?q=NASDAQ:VVUS

any other shares to watch/look at?

EDIT: i'm not using real money, I'm talking about adding it to my virtual stocks portfolio.

sputnik

03-23-2009, 03:18 PM

You are probably best to follow the market and learn more before blindly investing money.

Stick around this and the long term thread and read stuff online before just investing because someone on Beyond told you what to dump your hard earned money into.

997TT

03-23-2009, 03:50 PM

Originally posted by max_boost
^^^
Up 40%!

If you held until today you would have been up huge! But 3X is wayyy too risky for me.

Anyone else holding HOU? ;)

I sold at $6.05 this morning and watched it run to over $7 at close.

lol

culebra

03-23-2009, 03:51 PM

I'm still holding HOU

911fever

03-23-2009, 04:08 PM

Originally posted by sputnik
You are probably best to follow the market and learn more before blindly investing money.

Stick around this and the long term thread and read stuff online before just investing because someone on Beyond told you what to dump your hard earned money into.

oh I don't plan on blindly spending my money, I've been reading this thread for a while, I mean spending with virtual money (add to my google portifolio)
what's a good stock to ad?

sputnik

03-23-2009, 04:13 PM

If its play money.

Add Citigroup.

911fever

03-23-2009, 04:46 PM

^ thanks man.. it went up over 20% today!

Canmorite

03-23-2009, 08:35 PM

This thread is so hard to keep up with! Chat room would probably work a lot better, but then the posts aren't archived.

Some inspiration for some intra-day traders out there, two P&Ls. The 'net' number is the one you should be paying attention to.

http://img13.imageshack.us/img13/882/jjaapl.jpg

http://img14.imageshack.us/img14/7104/redinkblotter.jpg

Red@8

03-23-2009, 08:54 PM

Anyone have any thoughts on CNQ.to right now?

Been wanting to get in for a few days now, but just cant catch it on a down day.

Thinking about picking up a little citigroup too.

civic_rida

03-23-2009, 11:02 PM

so your up 145 786 ?

SilverRex

03-24-2009, 06:21 AM

premarket down

taking a breather? or the 50% retracement on the DOW is holding up?

anyways oil is resilient I give you that looking at the chart I want it to get back down to its regular pattern and these lofty heights isnt my cup of tea, I'll only pick up oil if it can get back down to the lower part of the channel as seen in the red line. however it is possible it can break out and move into a sharper up channel since the daily chart is showing oil is in a U shape bottom, it could potentially push it up sharply follow by a sharper fall out.

http://i278.photobucket.com/albums/kk118/genmaster/oil24.jpg

and for gold, looks like its true 945 couldnt hold and we are not at the important 930 area. based on this downward channel. it would appear this is it ( for me) I'll look to see how far HGU bottoms out and will pick up some more. will and can gold go lower? hack it could, since the recent run up, its 50% and 61% retracement is still at 925 and 916.

but I rather see the current 930 holds up. I want a resumption or a run up and not more side way consolidation. So unless gold breaks down below 915, im only looking for a buy signal undre 930

http://i278.photobucket.com/albums/kk118/genmaster/gold19.jpg

KleanCord

03-24-2009, 07:59 AM

Now SR I'm going to have to change my tune on Gold.

If you look at 1974.
- Oil Driven recession
- Government dropped interest rates to nothing and spent a lot of money (Nixon dropping gold)
- Caught up at the end of an expensive war.
- America experienced stagflation
- a few years later Democrat Jimmy Carter came in under the pretense of changing America. Big fan favorite and bad for business as he raised taxes.
Gold double tops in 1974 only to continue downards until 1976.

1980s
- After the policy used to fight deflation in the 70s, an oil spike in 1979 caused the already fragile economy to experience further inflation, crippling it even more.
- Gold shoots up to the famous inflation adjusted $2000 mark.

I am now starting to believe the gold people might be right but have the wrong time. The real bubble in gold is going to come a few years from now. My guess is around 2014. Our economy actually needs to spend to experience inflation, so no matter how much money you print it does not matter right now. That is why I think Gold is destined for a long term pullback. Once it seems like reasonable value I will be a buyer.

Until then I will double my money elsewhere, such as Copper miners, junior oil and gas players and even tech companies. Gold is not the only place to make money, and that will ultimately hurt it.

dezmarez

03-24-2009, 08:27 AM

so do you think we saw the bottom a couple weeks ago or what??

SilverRex

03-24-2009, 08:37 AM

Originally posted by KleanCord
Now SR I'm going to have to change my tune on Gold.

If you look at 1974.
- Oil Driven recession
- Government dropped interest rates to nothing and spent a lot of money (Nixon dropping gold)
- Caught up at the end of an expensive war.
- America experienced stagflation
- a few years later Democrat Jimmy Carter came in under the pretense of changing America. Big fan favorite and bad for business as he raised taxes.
Gold double tops in 1974 only to continue downards until 1976.

1980s
- After the policy used to fight deflation in the 70s, an oil spike in 1979 caused the already fragile economy to experience further inflation, crippling it even more.
- Gold shoots up to the famous inflation adjusted $2000 mark.

I am now starting to believe the gold people might be right but have the wrong time. The real bubble in gold is going to come a few years from now. My guess is around 2014. Our economy actually needs to spend to experience inflation, so no matter how much money you print it does not matter right now. That is why I think Gold is destined for a long term pullback. Once it seems like reasonable value I will be a buyer.

Until then I will double my money elsewhere, such as Copper miners, junior oil and gas players and even tech companies. Gold is not the only place to make money, and that will ultimately hurt it.

^

I dont rule that out, in fact I mention gold could dip to 500 (as some analyst say to complete its EW pattern) could we pull off another 50% drop like it did back in the 70s? But at the same time, history is only a guide, the only thing I can go by is technicals. Thank fully the 70 dollar rally for gold last week was a shot in the arm for one last run to push for 1000) if it doesnt happen, then a break below 880 again will turn gold from bullish above 1000 to more consolidation (which I have mention countless time between 800-900 area. And a break below 800 will no doubt put the bears back into the driver seats.

You have your strategy to wait for a better value in gold, but I like to position myself so that if it rockets higher and 900 becomes our ultimate support (which I so believe) then this is at a value. but if history is to repeat itself and march back to 500-700 then I shall double up my investment. If the US gov were to suddenly come out and drop a few more trillion on the market, I think the outlook for gold will turn very quick if not already done so.

KleanCord

03-24-2009, 08:37 AM

Originally posted by dezmarez
so do you think we saw the bottom a couple weeks ago or what??

I thought it was the bottom at the time. I do however think there is a slight difference.

Most of the time the bottom comes in a couple of months before unemployment peaks. Our unemployment rate is declining but it doesn't mean the overall unemployment rate isn't still going up. In order to lower unemployment we have to have a month where people hire.
I figure we are going to top 9.2%. If that is the case I worry about 6 years from now because it will match the 60s and 70s perfect which means our version of 1980 could be in the cards in 2015.

The other thing is typically march is always a booming month in the markets for newly elected presidents. Followed by just as swift as a drop back to close to the lows in April. Usually the president tries to get a lot of bills passed in the first two months, congress fights him on the bills and postures in the 3rd month (March), and the bills then get passed in the 4th month (April). Sounds familiar.

So with those two things considered I am changing my opinion that we are not going to go back lower. I figure we have to and then that will also line up with Q1 results being put behind us and then we will rally faster than anyone predicts. Followed by 5 years of sideways to slightly down trading. Until 2015, hopefully I will remember this in 6 years to reference it whether wrong or right.

KleanCord

03-24-2009, 08:38 AM

Originally posted by SilverRex

^

I dont rule that out, in fact I mention gold could dip to 500 (as some analyst say to complete its EW pattern) could we pull off another 50% drop like it did back in the 70s? But at the same time, history is only a guide, the only thing I can go by is technicals. Thank fully the 70 dollar rally for gold last week was a shot in the arm for one last run to push for 1000) if it doesnt happen, then a break below 880 again will turn gold from bullish above 1000 to more consolidation (which I have mention countless time between 800-900 area. And a break below 800 will no doubt put the bears back into the driver seats.

You have your strategy to wait for a better value in gold, but I like to position myself so that if it rockets higher and 900 becomes our ultimate support (which I so believe) then this is at a value. but if history is to repeat itself and march back to 500-700 then I shall double up my investment. If the US gov were to suddenly come out and drop a few more trillion on the market, I think the outlook for gold will turn very quick if not already done so.

I guess the point to be made from my post though, is I was never a fan of gold. Now I am starting to ere on your side, just in due time.

nice since 86

03-24-2009, 08:56 AM

Originally posted by Mark_Nguyen

Im thinking Suncor will trade flat for the next few months because of this deal. Maybe even perhaps the $29 range.

Why will it trade flat? I agree with you but cannot figure out why the parent company after acquiring an asset like Petro Canada will trade flat. Kinross gold was the same way last week after acquiring Harry Winston. Just your thoughts or anyone elses.

P

TYMSMNY

03-24-2009, 09:00 AM

Acquiring companies will usually fall down in price. The acquiring company will either spend its cash or dilute it's shares.

KleanCord

03-24-2009, 09:09 AM

the only reason Suncor does not drop harder is because oil has been rallying. As a short term Suncor holder I am pissed. If I was an investor in the company I would be very happy.

Bottom line is now I can't really take my money off the table but it is dead to me.

max_boost

03-24-2009, 09:34 AM

In all of this, my garbage AIG and C are still holding up! lol

UUU up another 8% to $2.93
I honestly don't know anything about this stock other than the fact it's a Uranium company and it's up 40% since I bought it? :dunno: :nut: :eek:

So what's the reason for the big gold drop today?

Canmorite

03-24-2009, 09:39 AM

Originally posted by max_boost
So what's the reason for the big gold drop today?

More calm (money) injected into the market to make everything rosey again. We'll see how long it lasts.

bigbadboss101

03-24-2009, 09:59 AM

GCE up 20%

SilverRex

03-24-2009, 10:13 AM

Originally posted by KleanCord

I guess the point to be made from my post though, is I was never a fan of gold. Now I am starting to ere on your side, just in due time.

anyways after looking at the 74-76 chart.

again if our current situation does mirror the gold crash in the 70s, something tells me we will at least see gold move pass 1000, even back in the 74, gold's double top didnt come until it actually shot higher for a divergence.

why I say this is because the fact technically the triple hammer on the weekly chart is quite bullish imo, it would only make sense that the 900-925 area continues to hold (until we hit gold season comes sept-oct) then it takes off. I say it will get to 1200-1400, why? because the 50% decline can still play out from a drop back to 600-700 area..

Now if you read the article I posted in the long term thread, a well known crash anaylst is calling the stock market to rise between april to september DOW back to 10k-13K before a even more severe decline. and so far he is right up until this point. He is calling to hold the metals and energy for one more year and see the end of the gold run sometime in 2010.

Now lets think for a moment, 1970-1980, 10 years, a gold crash in 74-76 and a parabolic gold surge in 79-80. our gold run has already hit its 8th year (started in 2001). If you simply match it up, what if we only have 2 years remaining in this gold run? then gold (at any moment) is about to go parabolic. Now you can always find the right facts to back up any sentiment, but lets bare with me.

gold (some days I see backwardation happening, and silver its already in backwardation for like 40+ days), it feels like something is about to give. now before gold ran up near the end of 76 it tested the 74 peak. So our 681 too tested the 2006 peak and just like late 76, it didnt look back, and so too gold in late 08 it didnt look back.

couple that with the fact we are in a cup and handle pattern, and if it plays out, we are currently consolidating and forming the handle which would take price beyond 1000.

see the similarities? what if. our 08/09 mirrors 06/07 then it totally lines up of the predictions out there and inflation will hit sometime end of the year.

therefore unless I see gold below 700 I believe based upon my own findings gold will AT LEAST shoot higher before it will fall. And best case if we are in deed in the late stages of gold's run, then boy watch out above 1000.

one last thing I have to add, back in the 70s based on money supply gold should be around 250, and so too if flerted with that during that span, it was the fear of inflation that took gold to new heights.

right now based on the money supply I read (if legit) is about 1400.00 and that is not including the 1 trillion fed announcement last week. I must say before it drops 50% it has to at least get above it.

what do you think?

edit: one more thing to add, silver dropped 60% in 08, meaning gold was suppose to drop 50% as some EW analyst predicted but it ended at 681 about 31%, perhaps gold was too strong? or the non 50% drop of gold is what's fooling some gold bears?

KleanCord

03-24-2009, 10:14 AM

Originally posted by bigbadboss101
GCE up 20%

NO WAY@!

Are you serious I was going to buy some this morning but my account has no balance due to trades being settled.

djayz

03-24-2009, 10:54 AM

Originally posted by Canmorite
This thread is so hard to keep up with! Chat room would probably work a lot better, but then the posts aren't archived.

Some inspiration for some intra-day traders out there, two P&Ls. The 'net' number is the one you should be paying attention to.

http://img13.imageshack.us/img13/882/jjaapl.jpg

http://img14.imageshack.us/img14/7104/redinkblotter.jpg

How much money are those accounts playing with? It would be impressive to see a net of around 150k on a 500k account but if its a few million dollars, not so much haha.

liquid1010

03-24-2009, 11:07 AM

Originally posted by bigbadboss101
GCE up 20%

People are still following that stock? I remember doing tons of research into them almost 2 years ago. Made a decent amount too - but just haven't looked at them lately.

It's such a volatile stock....

civicrider

03-24-2009, 11:36 AM

almost doubled my money on pier 1 imports today
:rofl:

bought at .48 this morning sold at .95

quick cash is the best

max_boost

03-24-2009, 12:00 PM

^

Nice. What caused the huge spike?

Anyone know what's going on with TCK.B? :nut: :dunno:
100% in 3 weeks. :eek: :banghead:

civicrider

03-24-2009, 12:04 PM

Originally posted by max_boost
^

Nice. What caused the huge spike?

Anyone know what's going on with TCK.B? :nut: :dunno:
100% in 3 weeks. :eek: :banghead:

no idea maybe a lot of day traders i hope it drops again, i wouldn't leave anything long term in PIR

I have not read anything on TCK.B but now i wish i did

e36bmw///

03-24-2009, 12:09 PM

Canmorite

03-24-2009, 12:13 PM

Originally posted by djayz

How much money are those accounts playing with? It would be impressive to see a net of around 150k on a 500k account but if its a few million dollars, not so much haha.

Don't have those kind of details, but I would imagine a few hundred thousand in an account plus anywhere from 5-10 times leverage.

If it's a 2 million dollar account, that's still roughly a 2-7% return in one day. Compounded annually, that's a lot. Of course these are outlier days, but $10-20K a day isn't bad either.

KleanCord

03-24-2009, 12:15 PM

Originally posted by e36bmw///
so what do you think about hse take over?

I am guessing you are talking about Suncor and Petro Can.

I own Husky and am already getting screwed on Suncor. So please let me know.

as for Tck.b, it is just that it is an incredibly volatile stock. I wanted to buy in on numerous occasions but don't have the guts.

Coal was solidified by Nippon Steel and their coal provider between $110 and $125. This is seen as a positive.

Seeing as how Teck sunk themselves in Fording Coal, the stabilization of the price is considered a good thing and now people are probably speculating that they will be able to receive better funding.

Basically when you are as high beta as teck is you will do great during market upturns as shorts cover and run, and value investors try to buy severly damaged companies. But you can bet those gains can get erased just as quickly in the event of a downturn, just as in the past.

I already got burned on Precision, buying in December and that has led me to stay away from any company with 1 billion in debt.

max_boost

03-24-2009, 12:21 PM

HSE takeover of what?

I'm chasing TCK.B, in at $6.95

bigbadboss101

03-24-2009, 12:22 PM

Whats with Oilexco?

civicrider

03-24-2009, 12:25 PM

Originally posted by max_boost
HSE takeover of what?

I'm chasing TCK.B, in at $6.95

you bought in? how many shares?

is anyone else playing the penny stocks?

bigbadboss101

03-24-2009, 12:33 PM

Timminco not worth the risk?

max_boost

03-24-2009, 12:39 PM

Originally posted by bigbadboss101
Whats with Oilexco?

Nice spike there.

Originally posted by civicrider

you bought in? how many shares?

Just 1000 :D

max_boost

03-24-2009, 12:46 PM

Originally posted by bigbadboss101
Timminco not worth the risk?

I would rather buy DVT ;)

davidI

03-24-2009, 03:02 PM

Originally posted by civicrider

you bought in? how many shares?

is anyone else playing the penny stocks?

Been playing with BIM. Did well this week. In at 0.19 :D

Dinan

03-24-2009, 05:40 PM

Originally posted by KleanCord

I am guessing you are talking about Suncor and Petro Can.

I own Husky and am already getting screwed on Suncor. So please let me know.

as for Tck.b, it is just that it is an incredibly volatile stock. I wanted to buy in on numerous occasions but don't have the guts.

Coal was solidified by Nippon Steel and their coal provider between $110 and $125. This is seen as a positive.

Seeing as how Teck sunk themselves in Fording Coal, the stabilization of the price is considered a good thing and now people are probably speculating that they will be able to receive better funding.

Basically when you are as high beta as teck is you will do great during market upturns as shorts cover and run, and value investors try to buy severly damaged companies. But you can bet those gains can get erased just as quickly in the event of a downturn, just as in the past.

I already got burned on Precision, buying in December and that has led me to stay away from any company with 1 billion in debt.

DAM you too man... fucken suncor lol,,, so whats your plan, sell now and wait for it to drop more andbuy back?? i got 1k shares at 31$... :banghead:

but still got hse too....

KleanCord

03-25-2009, 06:35 AM

Originally posted by Dinan

DAM you too man... fucken suncor lol,,, so whats your plan, sell now and wait for it to drop more andbuy back?? i got 1k shares at 31$... :banghead:

but still got hse too....

If you are playing with 31K on one play I would hope you are doing your own due diligence.

I wanted to sell at 32.60 on the day of the announcement. Unfortunately my internet was down and I wasn't able to put in the sell. Now I am waiting. Suncor is bound to get attacked by shorters, but I have a feeling that they are all dried up. I am thinking about loading up when I see definite signs of reversal. This might be dead money, who really knows. The deal is not that bad for Suncor, in fact some say it is a steal. But you just have to know the acquirer is under selling pressure for the first few days after the announcement.

I will ask you this though, is Canada's largest O&G, not to mention the 5th largest in North America worth more or less as oil climbs. And that is eventually why shorters will back out and people will buy in again. Might have to wait more than a month to see real returns, god forbid.

SilverRex

03-25-2009, 06:38 AM

ok

oil is finding strong support at 52.50, and with this it has the potential short term upside of close to 55, however for risk/reward I still would like oil to find its way back to at least 50 or into the 47s before making a longer term play.

http://i278.photobucket.com/albums/kk118/genmaster/oil25.jpg

as for gold

im surprised at how weak the 930 area held, but last resort is the 50 day and retracement at around 913-915 which seems to be holding. and looking at the chart you see gold first broke out of a ascending wedge which resulted in its decline, I Didnt expect 945 to hold that strong anyways. but overestimated the support but its looking better now as gold is in its own bullish descending wedge or short term descending broadening wedge which I anticipate a breakout to the upside.

also gold stock (hui) rebounded yesterday despite gold is lower overall, it is currently out performing gold. its difficult to guess what gold wants to do in the short term but ive read when gold shares out perform gold, gold follows in due time . gold is not yet extreme bullish unless it can sustain above 961 and yet the triple hammer off 890 is huge as well? so perhaps more side way action? 900-960? season this is gold season, the longer gold stays above 890 the better. KEy is to get to sept/oct when potentially an explosive up leg follows
if anyone follows Henry Dent, the crash expert, he calls for accumalation in gold and energy sector and sell some time between mid 09 to early 2010, he expects the market will rally between april-sept 09 but sell off will begin and inflation will hit end of the year. Its a dream but he says inflation will take oil back to its peak if not higher.

another person called the deflation uppose to linger longer into 2010-11 but will turn into inflation if the US decided to buy up treasuries (which it did)

http://i278.photobucket.com/albums/kk118/genmaster/gold20.jpg

Dinan

03-25-2009, 06:50 AM

Originally posted by KleanCord

If you are playing with 31K on one play I would hope you are doing your own due diligence.

I wanted to sell at 32.60 on the day of the announcement. Unfortunately my internet was down and I wasn't able to put in the sell. Now I am waiting. Suncor is bound to get attacked by shorters, but I have a feeling that they are all dried up. I am thinking about loading up when I see definite signs of reversal. This might be dead money, who really knows. The deal is not that bad for Suncor, in fact some say it is a steal. But you just have to know the acquirer is under selling pressure for the first few days after the announcement.

I will ask you this though, is Canada's largest O&G, not to mention the 5th largest in North America worth more or less as oil climbs. And that is eventually why shorters will back out and people will buy in again. Might have to wait more than a month to see real returns, god forbid.

DAMN, what a mistake this buy was :( what you going to do? you got lots a shores too... well i got 500 at 30.18 and 500 at 31.65, so if i can take out my cheapest i would be happy ......