View Full Version : Official Short-term Investments Thread
Chandler_Racing
05-07-2009, 06:38 PM
Originally posted by davidI
WTF is up with Natural Gas!!? Not sure where the bulls are coming from...
Right here :clap:
davidI
05-07-2009, 08:38 PM
Originally posted by max_boost
davidI, yeah I'm hoping you get out of HOD so I can get into HOU.
I'll be looking for HOU the moment I get out of HOD too :poosie:
I'll likely dump HOD if it gets up to ~$18.60-$19. I was in at $16.64 this morning. :D
HND is freaking me out a bit though. I'm in at $10.40 for a substantial amount...it was up to $11.20 and down to $9.73. Eeeeks I hate these fu(kin' things. I keep saying never again but there's just so much volatility it can be an easy buck...if your timing is right!
SilverRex
05-08-2009, 06:29 AM
friday
looking at the same chart I posted yesterday, looks like the sharp uptrend on the green trendline held right at 55.50, and oil eventually shot back above 58. Talk about a good place to bet
for me i like playing the bottom half of the trend to maximize my chances, especially when there is multiple support such as trendline, fib retracement and previous bottoms all intersecting. usually that offers the greatest possibility for a bounce. And once it bounce, we have the freedom to do as we please by moving stops and playing out the profits.
So unless oil comes down hard to the lower part of the trend channel, im not going to play this
however after a day, the upper trend channel is no longer capped at 58s, and quite possibly is oil may shoot a bit higher for a divergence? all I know is the sharp upper trend line normally does not hold for too long because that is in a way a bearish pattern waiting to be topped out. So in the perfect world I would like to see oil top out with a divergence or double top somewhere between 58-60 then break that uptrend line which is at about 56.30. For risk taker like yesterday when I suggest 55.50 a good place with a tight stop, you can attamp swings when price hit those lines.
also to note, looking at the STO indicator, see how when the trendline breaks out STO opens up and so does oil, would this repeat? if it plays out, then we should see that slowly come down forming yet another down trendline pushing the STO lower and lower until it breaks out, and if that breakout comes at a time where oil is near or at a support then by all means I'll get trigger happy.,
http://i278.photobucket.com/albums/kk118/genmaster/oil60.jpg
not much change for gold, but gold seems to be on a pattern where it moves higher, thens drift to a low that yanks the chin off most investor believing this was it, only to find gold afterhours slowly creep back into a high or newer high the following day. How long will this continue? Im not sure, some say the market wants to shake off as many long as possible before a huge run up. While I have no idea why they want to do this, but if feels more like price capping before it explodes gold needs to close above 918 on the daily chart to offer another kick in the face to the bear camp, until then our short term support lies around 906-908 until a new high is reached. However if 906-908 gives way, gold will most likely want to test 899-900 again as that is currently where our downtrend is (after breaking above it, now becomes support)
SilverRex
05-08-2009, 06:58 AM
update:
job loss way better than expected, but unemployment rate was 8.9% instead of the expected 8.8%
so far market is taking this as positive. will then suddenly make for a rush open or end the day on a high note? Right now, market has all the right data to further hike up the market. US dollar index is again flerting with its recent low, I see at least it ouching 83 which will be the last support before it official decalres game over, and this should further push everything up at least one more time
Dinan
05-08-2009, 06:59 AM
How would that play out with gold?
SilverRex
05-08-2009, 07:08 AM
^
bad for gold if the US dollar bounces back up, right now its crashing and its at 83.20 so close to the last support and 200EMA right at 83.09 I believe.
if US dollar makes a huge come back at this level, that will send everything down
however if it actually breaks below that, then boy will we have much much higher equity, oil and gold coming down the pipes
sure gold can still move up when US dollar gains but that is when gold becomes a safe haven and it will take sometime to transistion from inflationary hedge movements to safe haven movements. switching between will cost gold to be highly volatile
SilverRex
05-08-2009, 07:16 AM
ok folks we are right at a very very important juncture. Either the market collasp or has much more legs it will depend if the US dollar is finished or not.
looking at the chart, a break below that will immediately give off huge bearish signal that the US dollar's rally is quite possibly finished. weak US will send everything higher will it be today?
http://i278.photobucket.com/albums/kk118/genmaster/dollar4.jpg
Dinan
05-08-2009, 07:22 AM
come on US dollar go DOWN :D
ahhh, gold is in the RED
HGU :facepalm:
Dinan
05-08-2009, 08:39 AM
Hemispherx Biopharma (AMEX:HEB): Ampligen (Poly I: Poly C12U) NDA (three month PDUFA decision date delay was announced on 2/18/09 as additional data was submitted by HEB within three months of original decision date). Ampligen is an experimental treatment for chronic fatigue syndrome (which has no FDA-approved treatments) and the drug has an Orphan Drug Status with a PDUFA decision date of 5/25/09.
Acusphere (OTC:ACUS): Amended NDA for Imagify (Perflubutane Polymer Microspheres) for Injectable Suspension as a cardiac imaging agent for the detection of coronary artery disease. Amended indication would be limited to subsets of patients undergoing pharmacologic stress techniques compared to original request for more widespread use with an expected PDUFA decision date of 5/31/09
could one of them be the next DNDN ?
e36bmw///
05-08-2009, 09:12 AM
nm
e36bmw///
05-08-2009, 09:12 AM
nm
Dinan
05-08-2009, 09:17 AM
^^^^ t's weired you can't see bid or ask price ...
did you buy.... i placed an order at .16 but i never got filled :( now it's at .19
Rat Fink
05-08-2009, 09:25 AM
.
e36bmw///
05-08-2009, 09:27 AM
nm
broken_legs
05-08-2009, 09:33 AM
banks:
http://www.cnbc.com/id/15840232?video=1117765210&play=1
Dinan
05-08-2009, 09:39 AM
http://www.technicalindicators.com/gold.htm
:dunno:
US dollar index at 83.36
https://www.theice.com/homepage.jhtml
e36bmw///
05-08-2009, 09:41 AM
nm
Euro_Trash
05-08-2009, 10:03 AM
Does anyone do a lot of trading with a smart phone? Any reccomendations on an easy to use phone?
SilverRex
05-08-2009, 10:04 AM
83.16 US dollar index
come on break it down!!
gold will have way more upside with the fall of the US dollar then as a safe haven
Dinan
05-08-2009, 10:09 AM
Originally posted by Euro_Trash
Does anyone do a lot of trading with a smart phone? Any reccomendations on an easy to use phone?
which do you have?
i got the bb bold, only with the opera min i can get into my bmo account, but i cant set a price limit, only market price, so i haven't tried if it , but i don't see why it won't work.
those sites have too much java and the smart phone's browsers can't handle it...
hattonlynch
05-08-2009, 10:10 AM
Originally posted by Rat Fink
OTC stocks can be hard to get your order filled since its an "over the counter" exchange. Takes a while for your order to get into the system.
Its also a crooked exchange. Never put in a market order...always set a limit. Those fuckers will put your market order off to the side and use it when it benefits one of their buddies at a later time in the day. I swear its what those bastards do! haha. I made a rookie mistake a few years ago of using market orders and it went through several hours later at a horrible price.
lol i know exactly what you mean. I put in a market order for galleon like 3 months ago at 4.9 and i ended up getting it at 5.6 i was like ?
Dinan
05-08-2009, 10:33 AM
SR, is this the US index??
https://www.theice.com/homepage.jhtml
it says 80.00
cant be right, can it :D
now back up to 83.07
civic_rida
05-08-2009, 10:35 AM
anyone buying faz? The u.s. financials cant be that strong can they?
SilverRex
05-08-2009, 10:46 AM
Originally posted by Dinan
SR, is this the US index??
https://www.theice.com/homepage.jhtml
it says 80.00
cant be right, can it :D
now back up to 83.07
use this
http://quotes.ino.com/chart/?s=NYBOT_DX&v=d6
looks like its making new lows as we speak, and gold finally reacting to it
davidI
05-08-2009, 11:02 AM
FUUUUUUUUUUU.
I'm a little worried I timed my HND wrong. Looks like it broke the down-trend line...could mark the reversal??
Guess I should have waited for NG to make a downtick before entering HND...I should know better than to try and time the bottom.
Should be interesting. Hopefully it's a false break...
I'm still learning plenty wrt technical analysis so if anyone wants to comment on my analysis I'd be interested on hearing other people's thoughts.
Dinan
05-08-2009, 11:02 AM
Originally posted by SilverRex
use this
http://quotes.ino.com/chart/?s=NYBOT_DX&v=d6
looks like its making new lows as we speak, and gold finally reacting to it
thanks, so i guess my link is something else :dunno:
Dinan
05-08-2009, 11:08 AM
wow, look at HEB go! gues i bought the wrong one :facepalm: lol well their FDA date is coming up soon, thats why.....
got some ACUS at .18 and it's stuck there ever since, :rofl:
Dinan
05-08-2009, 11:21 AM
US dollar under 83 :poosie:
and there goes gold, GREEN, only .30 but still GREEN!
lets go GOLD!:clap:
sputnik
05-08-2009, 11:24 AM
Originally posted by davidI
FUUUUUUUUUUU.
I'm a little worried I timed my HND wrong. Looks like it broke the down-trend line...could mark the reversal??
Guess I should have waited for NG to make a downtick before entering HND...I should know better than to try and time the bottom.
Should be interesting. Hopefully it's a false break...
I'm still learning plenty wrt technical analysis so if anyone wants to comment on my analysis I'd be interested on hearing other people's thoughts.
You are probably better off buying HNU and increasing your holdings should it drop further.
Trying to short NG at under $4 (hoping for it to go to under $3) is FAR more risky than going long and waiting it for it to cross the $5 mark.
davidI
05-08-2009, 11:39 AM
Originally posted by sputnik
You are probably better off buying HNU and increasing your holdings should it drop further.
Trying to short NG at under $4 (hoping for it to go to under $3) is FAR more risky than going long and waiting it for it to cross the $5 mark.
Shorted NG at ~$4.10 as that was the resistance in the trend. I'm not going to average down at the moment, just wait and see how the next few days play out and where the trend goes so I can work on an exit. Hopefully it's a false-breakout and I'm good to go. We'll see what NG does on Monday...I'm hoping the worst case scenarios is the resistance become support and I break close to even.
Inventories are still high and we're heading into summer so we'll see! Long term trend is definitely still down, unless this marked the reversal.
davidI
05-08-2009, 11:41 AM
Longer term trend / possible break-out
SilverRex
05-08-2009, 11:54 AM
^
couldnt agree more, all eyes on the US dollar, a true break below 83 (if there are no reversal pending within the next day or two)
then a break below will initiate a surge in all equties, oil, energy, metals you name it, not because of economic growth or recovery but because its gainning value against the US dollar
davidI
05-08-2009, 11:56 AM
Yea, the US$ is definitely the big variable right now! Next week should be interesting too. I'm happy work is slow so I have time to watch this. It has been interesting and I'm learning plenty.
Back to HND, the resistance was probably lower than $4.10 so I bought once the resistance had already been broken. Also possibly a falling wedge so I should have expected a reversal. Oh well, another learning.
That's the second time I've been f'd by misjudging how the inventory reports will affect the markets haha. Supply / Demand is a load of $hit!! I keep seeing that fundamentals mean nothing but letting them influence my trades anyways. Gotta stop that!
SilverRex
05-08-2009, 11:57 AM
http://i278.photobucket.com/albums/kk118/genmaster/dollar5.jpg
see US dollar down everything up or vice versa
looks like oil is about to break and head towards 60
Red@8
05-08-2009, 12:11 PM
Originally posted by SilverRex
looks like oil is about to break and head towards 60
Ugh dont tell me. I keep waiting for a pullback to pickup some HOU, and each day i dont get my chance. I dont want to chase it either but everyday just when i think i might see the pull back it just wants to go higher.
e36bmw///
05-08-2009, 12:12 PM
nm
SilverRex
05-08-2009, 12:16 PM
looking at oil, looking like a bullish flag pattern that will result in an eventual break to the upside. Do take note, if you see the sharp uptrendline inside the trend channel, its looking like a widening wedge which will result in a break down eventually. so will the top be 60? 61? 65? we will see soon enough, based on the upper trend channel, the current resistive top is about at 59.50 with a sharper uptrend channel at 60.39 I expect oil should get stop at its tracks around there if the breakout occurs
same with silver, a flag at the end of a rally signals consolidation and a breakout higher
looking at gold, a bit more volatile but clearly the 906-908 I mention this morning did hold and we are in some what of a trend channel breaking the purple down trend line a day ago made the advance, I expect it breaking the next down trend line (purple) to move higher no harm in gold out look unless you completely breaks down below the green down trendline or 899 so its a buy on dips until otherwise. Projected breakout target based on last breakout run of 30 dollars will put 30 + at 904.85 to be at 934.85 assuming breakout occurs
I expect HUI index to at least make a push for 359 that should put hgu in around 12.50
http://i278.photobucket.com/albums/kk118/genmaster/oil61.jpg
http://i278.photobucket.com/albums/kk118/genmaster/silver4.jpg
http://i278.photobucket.com/albums/kk118/genmaster/gold44.jpg
Dinan
05-08-2009, 12:20 PM
Originally posted by e36bmw///
daMN!
HEB hit 1.50 today already?
thats 50% in 2hours
thanks for letting me know about it
did you buy that one too ?? it opened up at .85 today... i missed it :facepalm:
but ACUS is up, .24 now
e36bmw///
05-08-2009, 12:29 PM
nm
Dinan
05-08-2009, 12:33 PM
Originally posted by e36bmw///
yea why not, took a gamble
bought both
did you sell yet?
i'm still hold ACUS, will see how things go till may 31st
e36bmw///
05-08-2009, 12:36 PM
nm
Dinan
05-08-2009, 12:44 PM
Originally posted by e36bmw///
no why should i ?
did u sell HEB?
whats on may 31st
ACUS
"Amended indication would be limited to subsets of patients undergoing pharmacologic stress techniques compared to original request for more widespread use with an expected PDUFA decision date of 5/31/09. "
HEB
Ampligen is an experimental treatment for chronic fatigue syndrome (which has no FDA-approved treatments) and the drug has an Orphan Drug Status with a PDUFA decision date of 5/25/09.
HEB looks good since there is no fda approved treatment for their chronic fatigue syndrome, so if it gets approved then, UP UP UP......
i missed the buy this morning at 1$,,,, so im not holding it, wish i was....
e36bmw///
05-08-2009, 12:51 PM
nm
e36bmw///
05-08-2009, 12:53 PM
nm
Dinan
05-08-2009, 12:55 PM
^^ maybe just sell a portion, to cover your end.
e36bmw///
05-08-2009, 12:56 PM
nm
e36bmw///
05-08-2009, 12:56 PM
nm
max_boost
05-08-2009, 01:17 PM
I'm tempted to jump into HEB. Throw 1000 shares into it and just let it ride haha
e36bmw///
05-08-2009, 01:22 PM
nm
sputnik
05-08-2009, 01:24 PM
Originally posted by davidI
Inventories are still high and we're heading into summer so we'll see! Long term trend is definitely still down, unless this marked the reversal.
Hot summers are often just are good for Natural Gas as cold winters.
Especially along the east coast.
Dinan
05-08-2009, 01:25 PM
Originally posted by max_boost
I'm tempted to jump into HEB. Throw 1000 shares into it and just let it ride haha
same here, but 500 for me ...... going to wait till monday and see if there some pullback....
US dollar still going down strong! :thumbsup:
davidI
05-08-2009, 01:46 PM
Originally posted by sputnik
Hot summers are often just are good for Natural Gas as cold winters.
Especially along the east coast.
Yes, they can be.
The Henry Hub spot price averaged $4.08 per Mcf in March, $0.57 per Mcf below the average spot price in February. Lower consumption, brought about by the economic slowdown, and higher production levels have been the primary contributors to lower natural gas prices. Henry Hub spot prices began April below $4 per Mcf and, absent signs of dramatic economic recovery, are expected to remain below $4 until seasonal space heating demand picks up this fall. Higher prices are expected in 2010 as the economy improves. In addition to demand recovery, the current drilling cutback and limited access to credit for producers could lead to even higher prices if supply fails to keep pace with demand in the short-term. On the other hand, a larger-than-expected increase in LNG import volumes coupled with sustained economic weakness could keep prices depressed. The Henry Hub spot price is expected to average $4.24 per Mcf in 2009 and $5.83 per Mcf in 2010.
Source: http://www.eia.doe.gov/steo
And of course, yesterday's data: http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html
Proyecto2000
05-08-2009, 02:00 PM
Any one here own Anderson energy? T.AXL
Dinan
05-09-2009, 01:08 PM
So what happened with gold and silver? They both closed in red and reopened for few min to close in green ! Anyone notice this too? Or is it just me ?
hattonlynch
05-09-2009, 03:29 PM
question...i was looking at a chart of HOU. I know all you guys trade this one and HOD and I don't know much about it except that it is highly leveraged. I was looking at a chart the otehr day and it was at 250 when oil was at 150 but even though oil has gone up roughly 30 bucks from it's lows, this stock hasn't done pretty much fuck all. why?
hattonlynch
05-09-2009, 03:31 PM
Originally posted by e36bmw///
yea i think im gonna hold it
with drug companies, going from $1 to $9 over night is possible
look at TTNP and VNDA
VNDA already had a huge boost up. I wouldnt fuck with that one. look at CCT, speculative as fuck but it could yield a diecent gain if it's drug is approved
max_boost
05-09-2009, 10:30 PM
Originally posted by hattonlynch
question...i was looking at a chart of HOU. I know all you guys trade this one and HOD and I don't know much about it except that it is highly leveraged. I was looking at a chart the otehr day and it was at 250 when oil was at 150 but even though oil has gone up roughly 30 bucks from it's lows, this stock hasn't done pretty much fuck all. why?
It tracks 2X the daily movement of oil. Because of the leveraged aspect, in addition to the contango and rollover, it doesn't track it spot on unlike say XIU.TO which tracks the S&P TSX60 precisely.
That's why the majority of us got murdered because we failed to understand how it works. Anyway......
Example. Oil bottomed out at $35 and is now at $58 so that's +66%.
HOU bottomed out at $4.08 and is now at $7.43 so that's +82%.
Because HOU offers 2X the daily movement, it should be 66%X2 right so share price should be at $9.47? It would be if the growth was linear all in one shot. However because it's not, that's where the whole intra-day movement, contango, rollover comes to play.
So we have lived and learned and lost thousands. We just day trade HOU now. Wait for it break certain points, buy in and sell at resistance. In SR we trust.
SilverRex
05-11-2009, 06:27 AM
Monday
while late friday it looks as though oil is ready to hit 60s, based on the overbought condition it was only a matter of time until it would pull back and so this morning, it finally is pulling back. Will this pull back be healthy? or would this be the start and end of this bear market rally? I guess we will only find out in a few weeks and until then let the chart speak its mind.
as you can see, the same trend line that helped pushed oil from 55.50 to 58.50 is now on the verge of breakdown, breaking down below this will open up next support either at 55.5 again or possibly lower unless it can recover quickly and close back above 57.50 and turn it bullish once again (given this a chance since the STO looks oversold at the moment) . For myself I would only jump in on the best risk/reward scenario and that is around 53.50-54.50 area which is the bottom half of the trend channel.
I would be concern if this area does not hold, as it could be indicative that the 58 dollar double top is for real and market could crash. But its summer, oil is suppose to shine, price target suggest we are not done yet and we havent hit 75 yet. So what gives? well if this is a true rally, and if oil is to climb to 75 and if the market still has legs left to climb higher, then oil should not break below 53.50 and if oil does make a retracement there I will attampt to open a position with stops below, and based on experience, there should be enough buying to put you in the green to make a profitable decision to either stick around for higher prices or get out if it crashes.
http://i278.photobucket.com/albums/kk118/genmaster/oil62.jpg
as for gold, as I posted last friday, its important for gold to break above and stay above the short term down trend line denote in purple however it failled, and thus gold is being pushed back down in attampt to re-test support around 906-908 however closing below 908 will most likely mean it wants to test lower, the next two levels are 902 and 897. Ultimately I would be concern with the direction of gold if it closes back below the down trend line that gold broke last week (green line) until then I expect 899-900 area to hold firm if gold is to make it to 950. For less risk, wait until gold breaks the dam purple trend line other wise its difficult to guess where the support lies this morning.
over all , gold still needs to close above 918 on the daily setting to make the final trigger. Not out of the woods just yet.
http://i278.photobucket.com/albums/kk118/genmaster/gold45.jpg
e36bmw///
05-11-2009, 07:33 AM
nbm
davidI
05-11-2009, 07:50 AM
Should be an interesting day today too. Unfortunately, I'm on a course so I won't be able to watch it. Good news is my only positions are bearish at the moment so hopefully that works out in my favour!
Dinan
05-11-2009, 08:14 AM
Originally posted by e36bmw///
jesus i was looking at heb
went from 1.80 to 1.05 in seconds, then back to 1.35
hahahhaa.... did you see ACUS :) nice profit :) :)
e36bmw///
05-11-2009, 08:21 AM
nm
sputnik
05-11-2009, 08:39 AM
Should be and interesting day for oil.
Still down but up from open and holding above $58.
bigbadboss101
05-11-2009, 08:47 AM
Look at Opti today!
e36bmw///
05-11-2009, 08:48 AM
nm
Dinan
05-11-2009, 08:54 AM
^^ opti is not so much with oil now, talks about takeover
e36bmw///
05-11-2009, 09:01 AM
nm
Dinan
05-11-2009, 09:03 AM
^^ yeah but look at all other oil stocks, down...
e36bmw///
05-11-2009, 09:10 AM
nm
Dinan
05-11-2009, 09:17 AM
i picked some HEB today :) 2more weeks :) lets hope it goes up few $$
e36bmw///
05-11-2009, 09:23 AM
nm
Dinan
05-11-2009, 09:59 AM
^^ lol
shit one out the 4 should get approved at least :)
i'll stick with with HEB and ACUS for now...
did you buy those, they are canadian so cheaper :)
looks like gold has a good support at 908.8....,... hopping for over 12$ hgu so i can take the rest of my shares out.... :)
e36bmw///
05-11-2009, 01:13 PM
nm
Dinan
05-11-2009, 01:16 PM
Got any more info on them? What kinda drugs, any dates to look for?
Thanks
So who is holding HOU over night/?
in*10*se
05-11-2009, 01:40 PM
^ hee hee, everyones getting to the pharmaceuticals ... ;)
i have nothing new to report, if i find something i'll post.
Dinan
05-11-2009, 01:45 PM
Originally posted by in*10*se
^ hee hee, everyones getting to the pharmaceuticals ... ;)
i have nothing new to report, if i find something i'll post.
thanks guy!!!
your our "pharmaceuticals" guy!!! :D
we all getting into it until we get burned! :nut:
sputnik
05-11-2009, 01:56 PM
So what does the oil chart look like with oil potentially closing above $58?
SilverRex
05-11-2009, 02:05 PM
wow gold shares last min surge to near day's high, hopefully this is aprelude for things to come tomorrow. I expect gold to at least breakout of this consolidation and onto 935
Dinan
05-11-2009, 02:20 PM
Originally posted by SilverRex
wow gold shares last min surge to near day's high, hopefully this is aprelude for things to come tomorrow. I expect gold to at least breakout of this consolidation and onto 935
lets hope so, cause the US dollar is coming back, some what!
SilverRex
05-12-2009, 06:04 AM
Tuesday
ok looking at oil thankfully both oil gold played out to what the chart show yesterday.
as you can see it was a matter of time until oil broke higher over 58.5 and since oil reclosed above 57.50 yesterday it became bullish again, and it could be a while until we see oil dip significant enough for entry. looking at the chart you can clearly see there are two trends forming here. the sharper uptrend target prices at 62-63 while the regular trend channel targets a top around no more than 59.8-60 and we are there near 60. So it will be interesting to see if oil is about to break higher or will be capped at 60 with a sharper pull back.
http://i278.photobucket.com/albums/kk118/genmaster/oil63.jpg
as for gold, gold was even more predictable yesterday, as I posted early morning, that key to gold's advance will continue on the break of the down purple trendline which it did broke this very early morning and now gold is testing its 1st important resistance at around 918. for me I rather see gold close above 918 on the daily chart. but given this trend channel and breakout, I do expect the red and purple line will act as good support for the day if there is any pull back, other wise gold's next target should be 935 once the 918 hurdle clears.
http://i278.photobucket.com/albums/kk118/genmaster/gold46.jpg
SilverRex
05-12-2009, 06:31 AM
welp im on holiday for a week after tomorrow ;)
Dinan
05-12-2009, 08:03 AM
come on 12$ !!! i want to take the rest out :D
Proyecto2000
05-12-2009, 08:19 AM
Have fun on your holidays SR, but before you go, what do you figure is a good exit for us HGU holders? Should we wait long term for $14 HGU or would it be a good idea to pull out our small gains?
SilverRex
05-12-2009, 08:19 AM
^
12 dollar coming right up
it is unfortunate that the loonie gained over the US dollar the 10-15% change kick HGU in the face since it is a 2x etf so the difference is also magnified.
but on the bright side, if the market was to nose dive and bring all equity down and if gold shares tank along side, at least we have a very much a softer landing.
Dam, if exchange rate was still at 1.25+ I think hgu will be above 15 by now.
one thing to note, I read that gold share is ready to break new highs onto 390 and possilby higher as we are on the verge of breaking a very important resistance this is the 4th attampt. needless to say I'm going to take profits along the way and will be buying on dips.
my strategy is to not completely hold the bag. make sure you have cash to buy on big dips and leave a small position as to creeps higher.
http://www.gold-eagle.com/editorials_08/goldrunner051109.html on the hui index
crazieness
05-12-2009, 08:24 AM
ok so I bought into HOU at 5.30
it's now at 7.63 should I be pulling out? or do you see it going up seeing as how oil seems to be going up?
SilverRex
05-12-2009, 08:30 AM
^
look at the above chart if oil doesnt break close below the lower upper channel you can keep it as long as possible. but if oil at the moment suddenly breaks away the purple trend channel and pushes sharply higher into 62-63 I suggest take your profit and wait for pull back
with the way the gold share is reacting and extremely out performing gold, and also silver has regain im going to throw out a hunch that maybe gold is due a big spike.
crazieness
05-12-2009, 08:35 AM
Thanks SR. I chose to take profits and run! no need to be greedy!!
Dinan
05-12-2009, 08:38 AM
okay, got out of HGU, i'm a free agent :)
looking to get back into it.... just don't know when....
hope you still find some time to post your charts, SR :D
have a good holiday!!
guessboi
05-12-2009, 09:02 AM
$12 is breakeven for me in HGU. I will continue to hold. :drama:
Neil4Speed
05-12-2009, 09:55 AM
Hey Guys,
I have a quick question, any of you guys know of a trading software which automatically sells/buys a share when it reaches a particular ratio of another share?
bigbadboss101
05-12-2009, 10:58 AM
Anyone still holding Oilexco?
How about US bank stocks synopsis for the next week or two?
Proyecto2000
05-12-2009, 12:18 PM
what price did you sell your HGU at Dinan?
im still holding, even though $12.31 is a 8% gain for me
Dinan
05-12-2009, 12:34 PM
Originally posted by Proyecto2000
what price did you sell your HGU at Dinan?
im still holding, even though $12.31 is a 8% gain for me
12.11, early like always. :facepalm: lol
i don't know when i should get back in with few shares!
Red@8
05-12-2009, 01:14 PM
Originally posted by Dinan
12.11, early like always. :facepalm: lol
i don't know when i should get back in with few shares!
I sold mid $11's - hows that for early! Although that was a good 25% gain for me.
bigbadboss101
05-12-2009, 01:15 PM
FAS and RIM both recovered decently from this morning.
hattonlynch
05-12-2009, 01:18 PM
Originally posted by bigbadboss101
Anyone still holding Oilexco?
How about US bank stocks synopsis for the next week or two?
the markets are fucking stupid. There's about 8000 banks in America and they only 'stress test' 19 of them, 10 of them need capital, and the banks still go up. lmao
darcymags
05-12-2009, 01:23 PM
Didnt feel like searching it out on this thread.
Anyones thoughts on Precision Drilling, and any thoughts on whether or not buying some of the rights would be worth it??
civic_rida
05-12-2009, 01:27 PM
Im lucky i got out of faz this morning. Made a nice profit.
But im still holding hod :banghead:
Canmorite
05-12-2009, 01:27 PM
Originally posted by hattonlynch
the markets are fucking stupid. There's about 8000 banks in America and they only 'stress test' 19 of them, 10 of them need capital, and the banks still go up. lmao
Markets aren't entirely efficient and definitely aren't rational.
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