Official Short-term Investments Thread

[SilverRex]

gold was sketchy testing below 881.74, but has since formed a reversal on the 1 hour chart back to 885. short term it proves to show more signs of strength, while I still anticipate 840-850 to be the ultimate place to be. we will ride this momentum and see how it reacts to 895-905 which should provide a very good rejection

im surprised at oil's climb, I will be looking to cash out if goes any higher (got in under 6 dollars this morning)

yes the roller over and the quick surge will mean a pull back, beside we are still under the 53-55 dollar trendline which means we should have plenty of time for another entry.

oil rise could be a prelude to the stock market rallying higher. usually oil rises first. I suspect that could mean the DOW either holds above 7779 or in case it dips its head lower it could be at 7470. In order for oil to retrace back to the 70s. DOW most likely needs to over come its 8087 resistance and when this happens we will see 9250

then it will depend on how the market does at that point.

[SilverRex]

oil tested 51.1 that is just so the 50% retracement at around 50.83, I will be looking to cash out around 51-51.50 as the 51.50 area is the 62% retracement, I'll take a breather after

edit: sorry I used the wrong number, the fib retracement level should be 51.8, 51 and 50.12

I will use 50.12 as stop if it dips below that I will be out.

im shooting for 51.8 as my target

[Dinan]

^^ very nice, so when would be another point to enter ? wait for 48 again?

[e36bmw///]

nm

[Dinan]

Originally posted by e36bmw///
any prediction for hou today? will it hit 6.70 or so?

cant wait for 60 oil, short the shit out of t


did you get in on HOU??? you goin to short it?

[e36bmw///]

nm

[SilverRex]

^

a good short would be between 52.50-53
as that is a very strong down trendline. How far it will go down is the other question. given this type of surge and buying it wont be long when it takes out that area and onto 55, then towards 65. Its highly likely we can see 65 this year at the least and even possibly 75 since the 33 to 55 low to peak offers a projected target of 75 dollars which happens to be the 38% retracement. but it wont get there in a heart beat as 65 is a heavy resistance and 200 EMA. so for short sellers, I think levels like 75, 65 and even 55 are all good place to short then you just move your stop accordingly to see how far it can go down.

[KleanCord]

Well I got a nice gain on HOU this morning. Traded it twice since then expecting a $51 break. So far it looks to be very strong resistance at $50.82. Looks like I am going to miss the run up to $51 now.

[KleanCord]

I'm trying to decide if I should cash out on Anvil Mining. Anyone know anything about this stock.

[max_boost]

Damn I missed the boat on HOU this morning lol

I had a buy set at $5.70 and the low was $5.78 lol

Made a couple flips on RIM

I have a sneaky feeling a big drop is coming around the corner. I don't know since I have nothing to base it on so it's just a gut feeling. Starting to sell off some of my holdings now.

[e36bmw///]

nm

[berbatov]

What happened to the gold in the past week ?

The prices of gold and silver have been fluctuating madly this past week with the correction. The prices have been forced down for now, but it is something of short effect. It is a temporary win for some, as price will pop back up.

Many are trying to contain gold's rise, since they know they can't beat it. This past year the price has been tried to be contained within 15-20%, just under the $1,000 mark.

With the continuing depreciating dollar, it's not hard to assume the gold will keep its ascendancy, despite it's recent loss . Many will back out frightened by this recent drop/correction; but it is interesting to some to still simply keep buying silver and gold as steadily and rapidly as possible, now with the declined prices. It's a bull market, silver always outperforms gold, so it's an intriguing / smart idea to start rolling in more silver than gold short term.

Gold is still a very very good prospect as a long term investment, as this fall /sharp fall will not be lasting longer than this month, and then the trend will be up up up again. Some still envision a long term mark of $1000 for gold so I am buying now; short term: silver is a definite interesting prospect.

[Dinan]

wow, oil back down... whats going on??? anyone buying?

[e36bmw///]

nm

[Dinan]

^ yeah, at one poin it was just above 2$

[berbatov]

Where are you checking ? Last time was up 1.85 when checked from home

[e36bmw///]

nm

[SilverRex]

ive cashed out at 6.47 eariler

and will wait until the dust settles and the roller over completes before attampting any position

just to let all of you know the last support should be at 48.8 which is the last retracement from this morning's rise to low, breaking below that would totally take out the run this morning. so I suspect that area should hold and even though ive written this after the fact, you can calculate the retracement level yourself and to my surprise oil is back above 49.

[max_boost]

How do you do that SR? With so much consistency. You are always bang on. Buy in the $5.8X range and sell at $6.47. Both are near day lows and day highs. WOW! :thumbsup:

[berbatov]

Just joined discussion / I see you talking of Horizons

High: 6.610 Low: 5.780 now 6.08
What attracted your attention to them ?

VGM is my interest for the day

[max_boost]

Trying to predict movements in the oil price and betting accordingly. HOU for crude price to go up and HOD for crude price to go down. So simple~ haha

[berbatov]

It's an intriguing stock, but not fascinating

Fluctuates a lot, huge volume. I see it floating at 6.23

[SilverRex]

DOW flerting with the important 7779 again, close below this could be sign that 7470, perhaps market wants to head down before it goes up??

[berbatov]

"Aprilie 8: A source close to General Motors told the Reuters news-wire that the US auto-maker is about to declare bankruptcy [...]"

Please present links if you know more about this subject. Appreciate it

[SilverRex]

just for fun and giggles

looking at the previous two decline, it appears price projection could work out this week.

the rise from 47.4 to 51.3 is about 3.9 dollars. oil seems to love the 4 dollar swings both previous decline in two stages and now one up follow by another one to the upside?

assuming the rise is valid (without breaking below 48.8 support) then we could say, the next target to reach for oil is from 48.8 to 52.8 conincidently that is right at the down trendline? wow

I wonder if it would play out like that. However one has to remember the roll over effect for all we know price could hit that number quickly because of the roll over and not physical rise in price. making potential upside limited. So I'll say a good place to give this analysis a go is order at around 49 with stop below 48.8 with target close to 52.8

im going to put the money where my mouth is, bought HOU at around 49.60s with stop at 48.60 and see how this plays out. :)

http://i278.photobucket.com/albums/kk118/genmaster/oil37.jpg

[SilverRex]

nice the late stage rally pushed DOW back above its support (7779) another shot in the arm perhaps. the next time it dives under this may not get so lucky. Then again holding at this level is good (if I want oil to move to my target area):D

[SilverRex]

just to point this out in case some of you are finding the roll over effect bothersome.

Remember unless the gap between future contracts widens to an irrational amount say >4 dollars, I think its not such a big deal as long as you know what your doing in vesting in hou/hod

why I say this?

for example current month contract made a 80 cent gain today say at 50 dollars oil, next months contract while trading at say 52.50 is up 60 cents.

now had I bought oil when hou is in the middle of roll over 50% this month and 50% next month that means i'm trading half of my position at 50 dollar oil and half at 52.50, and assuming I am up prior to an upmove hence the 80 and 60 cents gain. I would be up 80 cents of 50 dollar on half of my position and 60 cents of 52.50 from my other positin. all in all you could say I'm up 70 cents. better way to put it in % terms 1.6% and 1.1%

even if I buy oil at a higher price, it only makes reduces the volatility. Yes when oil moves up 80 cents, i'm actually only up 60 cents, but you can say the same thing when it dips, reducing my exposure to the front month, so if the front month contract drops 2 dollars suddenly, I could be down only 1.50.

no matter how you look at it, I will continue to use the current month's contract price technically for entry and exiting. Meaning, even if I'm trading next's month's price. If the current month price did not expire and did touch between 52-53, I'll be looking to sell no matter what level hou is currently trading at.

I hope I didnt add more confusion on this topic

[SilverRex]

* Earlier, JPMorgan issued a report with raised gold price
forecasts for 2009 and 2010, citing prospects for inflation and
weakness in the dollar as supportive factors. [nL8605311] * Morgan lifted its 2009 price view for gold to $960 an
ounce from $831 previously, and its 2010 forecast for the
precious metal to $950 an ounce from $825. * The forecasts came a day after increased price
projections issued by metals consultancy GFMS for gold. * GFMS projected gold may rise through $1,100 an ounce in
2009 as investment is supported by fears about rising
inflation, potential dollar weakness, and fears over financial
instability - GFMS. [ID:nWLA1721] * Technical charts show next support at $850 and next
upside breakout targets at $900 and $925 an ounce - analysts.

[Dinan]

^^^ Great input!





how does the after the market close trading work? cause i had an order place for suncor at 30.50 and it finished at that but in the after hours trading?

[KleanCord]

I hear a lot of suggestions for the Central Fund of Canada. Can someone explain how this is a good play on gold when the premium on the NAV is 13%? Why wouldn't I just play GLD.

What is the popular play for tomorrow?

I kept my Anvil mining from 2 days ago, and I will see how tomorrow will play out after the massive volume today. But other than that I don't know what to trade.

[ballah]

hey guys.. just wondering if you guys declare your stock earnings/losses come tax time.

what happens if you don t declare the earnings/losses??

can i just pull off the history out of my cash account and use that to declare??

[SilverRex]

wow

looks like my 52-53 oil target could be hit at open.

looking to take profit from 49.60 ;) thank you price projection

its making my target seems conservative. The well fargo earning beat could push market to rally further, after closing above 7779 support, you knew it wanted to fly.

oil will be flerting between 52-53, breaking above 53 which if you all recall is the down trendline resistance, a break above this will be similar to the break above 45 that eventually paved way to 55. Some are calling breaking above 53 will pave way to 65. but I will wait until it breaks - pull back - retest the 53 area for re-entry to be safe.

DOW already touched right near 8000, could this be the push to get pass 8087? if it does, here comes 9250 then again you can get false break outs. it will be interesting to see how DOW plays out in the next few days. Dont for get April 19 turn date something to keep our eyes peeled

[e36bmw///]

nm

[Dinan]

^^ SR

you didn't sell all your hou yesterday??? would you short it at this price?






anyone getting into HGU, at 10.60 ?

[e36bmw///]

nm

[RX_EVOLV]

i agree oil is pretty predictable atm. bought some HOU yesterday before the EIA report @ 5.82. sold it an hour later @ 6.40

when HOU/oil hit $6.60, i bought HOD and sold it when oil came back down. Picked some HOU up again @ 6.25 and now i'm ready to sell @ 6.77!!!

lets see how long oil can keep the pattern going

[Proyecto2000]

Originally posted by Dinan

anyone getting into HGU, at 10.60 ?

I bought some 2 days ago at $11.30 :nut:

[SilverRex]

Originally posted by Dinan
^^ SR

you didn't sell all your hou yesterday??? would you short it at this price?






anyone getting into HGU, at 10.60 ?

I sold hou when oil was around 50.8, bought back in at around 49.60 because the .6 retracement helded and I suspect based on price projection rally would continue (of course must add a stop loss below 48.8 oil) thank fully, it played out, while it didnt quite get to 52.8 I have taken my profit at open at 6.79

and since I have relocated my funds and got back in HGU at 10.57

taking a jab at the miners, the hui index is near the 294 (288 is 62% retracement from the 255 to 343 run) so this area is either the bottom or they will be in trouble. Gold is somehow finding ways to hold within the 870-880 range. I'm hoping gold is forming the right shoulder for a larger reverse H&S on the charts that would be a killing in the long hual. Still, gold could test 840 with the next couple of days if your following my charts in the long term thread) we'll see how things play out

[Dinan]

^^


ahhh... damn i missed when oil got back down to 49 :(


i bought some HGU at 10.57 abit ago too....


when you getting into hou again :D

[max_boost]

Holy fuck I missed out on HOU when SR said to buy!!!

Ok, always next time!!!

[Dinan]

anyone else tempted to short hou ?:dunno: :)

to early.. ?

[ckangarloo]

^um, you mean long HOD.

[max_boost]

HOD at $53? Stop at $54-$55?

[KleanCord]

I can't remember what oil price I got in HOD at but it was $19.83.

Is the low on oil due for support at $50.90, or is it lower?

[bigbadboss101]

BAC, C, FAS etc are doing well today

[Nova316]

LVS as well :)
got in at 1.88/2.50/3.85 :)

[KleanCord]

I feel like an idiot.

I needed to free up some capital yesterday and sold Quadra at 5.44. It is now up to 6.39 and still climbing. Sometimes I hate this bullshit. In my gut I knew it had to recover as Copper was up and yet Quadra was down. I need to always listen to my gut.

A question about copper going forward. Has anyone paid attention to the BDI (Baltic Dry Index). It is considered a leading indicator for copper and has fallen while copper continues to go up. My question is, if everyone is in on the BDI theory then is it still applicable?

...Oh there goes oil. Last time I ignore my gut.

EDIT
At least Sierra Wireless (SW-t), and Anvil Mining (AVM-t) are making up for my dumbness.

[e36bmw///]

nm

[e36bmw///]

nm

[bigbadboss101]

Darn FAS at $8.4. Sold earlier today at $7.5 for a profit.

[Canmorite]

Wow, this rally is setting up next week for some potentially large moves. XLF gapped up and broke out. Since the financials got us into this mess, it's nice to see them leading us higher.

I think sentiment is moving higher because of the warm weather coming in :rofl:

[sputnik]

Originally posted by SilverRex
DOW already touched right near 8000, could this be the push to get pass 8087? if it does, here comes 9250 then again you can get false break outs. it will be interesting to see how DOW plays out in the next few days. Dont for get April 19 turn date something to keep our eyes peeled

Just a few points short today.

Closed at 8083

[Dinan]

financials up = gold down :dunno:

[ballah]

Originally posted by ballah
hey guys.. just wondering if you guys declare your stock earnings/losses come tax time.

what happens if you don t declare the earnings/losses??

can i just pull off the history out of my cash account and use that to declare??

can someone help me out??

i m assuming that u guys know bout this... lol

[Canmorite]

Will the vix finally move through those high 30s lows?

http://img18.imageshack.us/img18/3095/vix.gif

[max_boost]

Originally posted by Canmorite
Wow, this rally is setting up next week for some potentially large moves. XLF gapped up and broke out. Since the financials got us into this mess, it's nice to see them leading us higher.

I think sentiment is moving higher because of the warm weather coming in :rofl:

Yeah man. This almost too good to be true so that's why I have stops in place to lock in my gains right now. I don't want to get schooled


Originally posted by ballah


can someone help me out??

i m assuming that u guys know bout this... lol

I declare mine. I don't know what happens if you don't but last thing I want to do is not be able to provide the proof if I get an audit.

I use RBC and they send me a summary (T5) of all my transactions and I just use that but I also file mine using Quick Tax/Netfile so I don't send anything it.

[Rat Fink]

.

[Dinan]

Originally posted by Rat Fink


CIBC sent me records of all trades made for the year. I am claiming my gains as "income" and not "capital gains" since i registered myself as a business and have tallied up around $8,000 dollars spent this year that can be claimed as business expenses.

what you mean as a business?? as an investor type of a business? is the more complicated ?

[Rat Fink]

.

[SilverRex]

Easter Monday I'll post anyway

not much surprise and chart wise is pretty straight forward. oil imo is in a cup and handle pattern which the break out above the upper trend trendline would set targets to 65 and price projection towards 75. For day trade you can look for entry at the buy area as shown below with tight stop below its underlying trendline. The upper buy area is virtually a break above the upper green trendline. That is actually what I would like to see, anything else is noise and is more difficult to guage.

http://i278.photobucket.com/albums/kk118/genmaster/oil39.jpg

as for gold, we are entering possibly the most important week as far as the chart's concern. As you can see the down trending slope penant flag is holding price up, and with price keeping above its 38% retracement 1st level at 881.74 is encouraging however there is possibly down side to 840-850 which looks to me is a very big support with 4 trendline support + a 50% retracement level all coming together. the best way to play gold is either price falls to this (this week) or wait until gold breaks above the purple line. (based on this possible reverse head and shoulder and cup and handle pattern the price target for a break out above 1000 (if) it does happen will be around 1300-1350, so price at 850-900
could very well be the floor and should not be overlooked if you believe in gold.

As i have been saying the same thing over and over again, but that is exactly what i've been waiting for. Gold share is still performing better than price of gold which only suggest two things, either gold shares are ready to explode or it is ready to catch up further to the declining gold price. So we will see how this week plays out.

http://i278.photobucket.com/albums/kk118/genmaster/gold34.jpg

[e36bmw///]

nm

[Dinan]

i don't understand how HGU works?? gold is up, what 15$ .... and HGU is just about 11$ now.... but last week when gold was under 880 HGU was 11$ + ... :dunno:

[eljefe]

Originally posted by Dinan
i don't understand how HGU works?? gold is up, what 15$ .... and HGU is just about 11$ now.... but last week when gold was under 880 HGU was 11$ + ... :dunno:

HGU isn't actual spot gold, it is gold stocks on the TSX and S&P I believe.

[Dinan]

Originally posted by eljefe


HGU isn't actual spot gold, it is gold stocks on the TSX and S&P I believe.

i seee, but shouldn't the gold stocks be going up buy now ?

well lets see how it turns out i guess

[SilverRex]

Originally posted by e36bmw///
wow oil just went down so quickly

what do you think SR, wait for $6 hou?

yeah oil is quite volatile at the moment, with GM on the line here, may want to wait for the dust to settle. Better is to either wait for price to hit lower (closer to 47)

key area is right at 49.30, if price cant hold here, it will most likely want to head lower and test 47-48 area again.

DOW to no one's surprise after touching the all important 8087 last week, has since been down. that will be the key area to watch, only a break above that will the rally continue.

dont forget we are most likely trading next's months oil price which is at about 52 dollars.

I suspect we could see 50 dollar (next month's oil), hence I'll take my chance and wait for oil to drop at least 2-3 more dollars before it gets attractive. that would tranlate to 5.5-5.60 hou I think

[Dinan]

^^

so it looks like oil can't hold at 49.30 .....




any thoughts on HGU .... :D

[SilverRex]

^ technically the chart I use, it doesnt roll over until I say about April 16th, but mentally I have to be using next's month number, and at around 51.8-52 oil (hou) its either going to drop or break above 53. While breaking back above 53 is a signal there is probablly too many negative news that can impact oil in a heart beat. So I'll take my chance that 51+ oil is too high at the moment and wait for a few dollar drop

[997TT]

Oil starting to move up ... $49.72

I'm still holding HGU at $11.25 (bought last week).
thought about scooping up some more but figured i would wait and see.

Those of you who follow the US financials and FAS/FAZ ...wow its been a crazy couple of days. I thought about buying but didn't .... serious money to be made/lost.

[max_boost]

Originally posted by Dinan
i don't understand how HGU works?? gold is up, what 15$ .... and HGU is just about 11$ now.... but last week when gold was under 880 HGU was 11$ + ... :dunno:

HGU
http://www2.standardandpoors.com/spf/pdf/index/SP_TSX_Global_Gold_factsheet.pdf

If you see Barrick, Goldcorp, Newmont etc. up, then HGU will be up.

If you want to track the spot, buy HBU.

In SR we trust. Just say when to buy HOU! lol

997TT: I know a guy who bought FAZ on margin on Friday. Gambled and got killed. He's also the same guy who sold on a Friday and missed the huge run up from $1.70 to $7.00 the following Monday on Nova Chemicals. He missed the AIG run from $0.50 to $2.00 by selling at $0.40 a few days earlier. I am no longer the worse trader hahaha

[eljefe]

Originally posted by max_boost



997TT: I know a guy who bought FAZ on margin on Friday. Gambled and got killed. He's also the same guy who sold on a Friday and missed the huge run up from $1.70 to $7.00 the following Monday on Nova Chemicals. He missed the AIG run from $0.50 to $2.00 by selling at $0.40 a few days earlier. I am no longer the worse trader hahaha

Tell him to stay the fuck away from Vegas !

[997TT]

Originally posted by max_boost


997TT: I know a guy who bought FAZ on margin on Friday. Gambled and got killed. He's also the same guy who sold on a Friday and missed the huge run up from $1.70 to $7.00 the following Monday on Nova Chemicals. He missed the AIG run from $0.50 to $2.00 by selling at $0.40 a few days earlier. I am no longer the worse trader hahaha

Wow .... I hope this dude wasn't your friend or he was playing with small $$. 3x leveraged on margin ... I think you are allowed to margin up to 50% of stock price. I learnt that the hard way during the tech meltdown ... haha. I do not have any margin accounts anymore ...lol. i only trade what's mine.

In HOU at $6.22 when i posted at $49.72. C'mon oil ..up to $49.94 right now.

[Dinan]

Originally posted by max_boost


HGU
http://www2.standardandpoors.com/spf/pdf/index/SP_TSX_Global_Gold_factsheet.pdf

If you see Barrick, Goldcorp, Newmont etc. up, then HGU will be up.

If you want to track the spot, buy HBU.

In SR we trust. Just say when to buy HOU! lol

997TT: I know a guy who bought FAZ on margin on Friday. Gambled and got killed. He's also the same guy who sold on a Friday and missed the huge run up from $1.70 to $7.00 the following Monday on Nova Chemicals. He missed the AIG run from $0.50 to $2.00 by selling at $0.40 a few days earlier. I am no longer the worse trader hahaha


ahhh, i seee. well i saw goldcorp up 1.20 or soo......


yes, we buy hou when SR does :) lol

[997TT]

$50.33 and counting ....c'mon OIL lets keep this up

Man having a day off when the markets are open is great.

have streamers up, RT oil & gold, TD and beyond ST investments thread. lol

[e36bmw///]

nm

[hattonlynch]

I am officially the king of the idiots. About a couple months ago I picked up TCK.B at 4.00.....only 300 shares b/c im a college student but it was a good chunk of change..260 shares at 6.00 for a nice 50% profit....now it's almost at 11.00...FUCK

[997TT]

Out of HOU for a quick $1500. hmmm...just need another 10 of these and i'll be break even on HOD/HOU.

ya, i sold TCK.B at $8. and everyday its on my stock watch list so i get reminded of what a dumbass i am.

[e36bmw///]

nm

[Dinan]

Originally posted by 997TT
Out of HOU for a quick $1500. hmmm...just need another 10 of these and i'll be break even on HOD/HOU.

ya, i sold TCK.B at $8. and everyday its on my stock watch list so i get reminded of what a dumbass i am.

oh wow, you bought alot of share...

wow, your down that much with HOD ??

[max_boost]

I sold out of Teck at $8.73 and it just keeps climbing!

So I picked up some BAC and C earlier. YES, I KNOW. Ride the momentum though. Wells Fargo posted better than expected and now the entire sector is up lol

Earnings will be released later this week. Make or break. Back to the gambling table. :drama: :eek:

[e36bmw///]

nm

[max_boost]

Good thing you guys sold out! Or else the greed would have caught ya hehe

Time to buy back in for a quick flip? hmmm.....SR did say $47 so I SHOULD listen.

[Ed the SOHC]

Hello, fellow beyond traders...

I just start Paternal Leave so I have time to do some trading...

I was lucky to pick up FITB before Wells Fargo reported which brought the whole financial sector up. Goldman Sachs will hopefully report some good numbers so the sector stays strong and I'll sell some of my position.

I'm a noob at this and just learning as I go. It seems like a good time because the market looks to be turning around.

[997TT]

Oil seems to have settled in at $50.10 range. It may stay there for the last 40 min ...

how about FAS...now $0.40 higher than FAZ. Crazy

Those of us who trade HOU/HOD ... its the equivlaent of HOU being higher than HOD pretty much. I'm sure we'll get there one day ... but right now its a $20 ETF compared to a $6 one.

[e36bmw///]

nm

[sputnik]

Originally posted by e36bmw///
do you guys know when Citigroup releases its earnings?

I dont know if i should sell. I can see it being over $4 tomorrow

Friday. Prior to market open.

[e36bmw///]

nm

[slick2404]

Originally posted by e36bmw///
coll thanks
i didnt sell it

good thing, its up in after market too

Same, I was debating selling. What are you in at? I bought in at 2.38

[Dinan]

why don't you guys hold it? you guys think they will come out with bad numbers?

[BigMass]

LMAO @ these earnings. So the banks needed to take TARP money just 4 months ago because they were insolvent/bankrupt, and now they’re reporting huge profits? Funny how right before earnings season they removed the Mark to Market accounting rule which would no doubt have evaporated any earnings these banks are now reporting. Not to mention the un accounted for toxic assets still on the books of these banks. This is a nightmare waiting to happen and I can’t believe anyone is buying into this.

[max_boost]

Originally posted by BigMass
LMAO @ these earnings. So the banks needed to take TARP money just 4 months ago because they were insolvent/bankrupt, and now they’re reporting huge profits? Funny how right before earnings season they removed the Mark to Market accounting rule which would no doubt have evaporated any earnings these banks are now reporting. Not to mention the un accounted for toxic assets still on the books of these banks. This is a nightmare waiting to happen and I can’t believe anyone is buying into this.

I don't disagree with you at all.

BUT....

You can't fight the trends!

So.....my new investing philosophy is this, just ride whatever is hot. :rofl:

[e36bmw///]

nm

[e36bmw///]

nm

[in*10*se]

Originally posted by BigMass
LMAO @ these earnings. So the banks needed to take TARP money just 4 months ago because they were insolvent/bankrupt, and now they’re reporting huge profits? Funny how right before earnings season they removed the Mark to Market accounting rule which would no doubt have evaporated any earnings these banks are now reporting. Not to mention the un accounted for toxic assets still on the books of these banks. This is a nightmare waiting to happen and I can’t believe anyone is buying into this.

yup co-sign with BigMass and Maxboost...

as much as max is right.... gotta follow whats hip and whats not... right now... bull is in... :poosie:

[broken_legs]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aiSCDyK4CWmI&refer=home



OPEC Cuts Thwarted as Brazil, Russia Grab U.S. Market

While the median forecast in a Bloomberg News survey of 32 analysts shows crude in New York averaging $61 a barrel in the fourth quarter, up from the second-quarter’s estimate of $50, traders are increasing bets on a decline. The fastest-growing options contract on the New York Mercantile Exchange is for prices to fall below $40 a barrel by May 14.

Imports fell by 148,000 barrels a day in January just as America’s production increased by 153,000, according to data compiled by the Energy Department in Washington. More oil is flowing just as the slowing economy causes consumption to contract for the second consecutive year.

As shipments declined, deliveries from exporters that aren’t in OPEC rose by 670,000 barrels a day in January. Russian overall exports climbed 6.3 percent in February and 2.2 percent in March, according to the Energy Ministry. Brazilian total exports more than doubled in both February and March, according to Brazil’s Trade Ministry.

etc...

[SilverRex]

^

nice

not much change for chart wise as both oil and gold are trading between important support and resistance, and it could go either way.

oil is currently quite volatile as next's month price is starting to affect current month contract why? because technically many are looking at the 53 dollar oil as a key number. sustaining price at or above this when current month expire would give way signal for higher oil price, while some news suggest other wise, such as activity with GM, oil forecast being cut etc.

it will be intesting for the next 1-2 day as my chart rolls over to next month's price. either 53 will be a reisstance or it will become a support only time will tell, until then I might give me a few more days to see what happens unless current month oil can fall quickly back to 47 area. (46.7-47.7 would be ideal if current month hasnt expired yet, next month Id say between 49-50)

speaking of which if anyone watches GS stock has been rising sharply. and usually this indicates the stock market could follow suit, however technically GS could be hitting a pull back soon and so coincidently DOW is continue to test its resistance at 8087. breaking above this comfortable would set off new targets towards 8450 and 9250. So we will see how far this rally can take us.

gold met a major resistance point at around 900, making the fall to 840-850 lesser chance but not impossible, while I rather see gold rise now, missing POG at a lower price only hurts those who are not positioned and could not find a entry or re-entry.

[in*10*se]

Originally posted by in*10*se

Originally posted by in*10*se
aight.

anyone want to gamble?

high high high risk... high high high rewards.

dndn.

coles notes.
provenge is a drug that needs to be approved by the FDA
this company is riding on ONLY this drug, no other drugs in the works.
results were released/leaked that:
On Oct. 6, Dendreon (nasdaq: DNDN - news - people ) put out a press release that sent its shares up 33% in a day. Provenge appeared to cut patients' death rates by 20% compared with a placebo treatment, the company said. The release also contained statistical details that made good results seem likely when final results are released in April.

http://en.wikipedia.org/wiki/Sipuleucel-T

i figure if anyone has the balls, and wants to swing for a home run... this is the stock to do it.

it will run probably easily 400% or drop to 0.

the choice is yours, april is when they release their results... bum bum bummmmmmmm

tsfa... i got my fingers crossed.

well... DNDN


Originally posted by in*10*se

i am full of win.:clap: :clap:



Originally posted by djayz


DNDN as in a 12% gain?
Do you still see the 400% gains coming because usually if results are good stocks fly, not up 12% :rofl:

Great if you made money but way too risky to hang on to and wait for that 400%.



Originally posted by Dinan
^^^^ up to 40%, nice....


well it was, at one point... not 400% but very nice gains!


would you buy now ?? hehehe



Originally posted by djayz


Did you sell out at 6?
And no still wouldn't buy haha, pharmaceuticals are crazy. I remember the globeinvestor contest that went on last year some guy had one company and he was up 1000% in the first week of the competition. A week later someone else was up 2500% and that first guy was at a -300% haha.

not to say i told you so.... but... in at $4.39..... you do the math.... +400%?
:clap: :clap: :clap: :clap: :clap: :clap: :thumbsup: :thumbsup: :thumbsup: :bigpimp: :bigpimp: :bigpimp: :bigpimp: :goflames: :goflames: :goflames: :goflames:

[broken_legs]

Did you guys see the consumer spending numbers??

Widely expected to see an increase in consumer spending of 0.3%, we saw a drop 0f 1.3%. Futures did a u-turn from positive to negative on that news.

I wanted to buy some SKF in the pre market but it shot up from 58 to 61 already... I'm not that confident today's going to be a down day yet.

I only have 2.5 hours to trade each day from the logging unit on this jack up because of the time difference. BUT it is kind of cool watching the markets here on the news and listening to the financial woes of another economy.

[e36bmw///]

nm

[Dinan]

Originally posted by in*10*se






not to say i told you so.... but... in at $4.39..... you do the math.... +400%?
:clap: :clap: :clap: :clap: :clap: :clap: :thumbsup: :thumbsup: :thumbsup: :bigpimp: :bigpimp: :bigpimp: :bigpimp: :goflames: :goflames: :goflames: :goflames:

wow,,, very nice!!! howmuch more can it go, maybe time to buy :nut:

[997TT]

I'm gonna take a shot at FAZ.

in at $9.75