Official Short-term Investments Thread

[SilverRex]

read an article who suggest the hui index is a reverse H&S and breaking 350 would open up target back to 550 based on that assumption. well its over 350 so go figure

also DOW is too close to the 200 day moving average around 9000. I'm sure that would be a good place to either take profit or go short imo

[SilverRex]

wow gold is surging right now 927, closing above 925 in about 30 mins would again be bullish and target at 935 becomes more likely.

[Doseone]

Can anyone suggest the best way to short the TSX/TSE? I am aware of the Horizon Beta Pro options but is there another way?

[Dinan]

Originally posted by SilverRex
wow gold is surging right now 927, closing above 925 in about 30 mins would again be bullish and target at 935 becomes more likely.

didn't end up closing at 925...... do you see a pull back??


you mentioned that gold will rally till about end of may, so it will start dropping after ?

[SilverRex]

^

no rally until mid june

also I use netdania charting service, both netdania and it did close above 915.

food for thought, the hui closed near 355 today. 355 happens to be the last stop if it turns around its here, but if it doesnt and breaks above, watch out, there is pretty much nothing stopping it from exploding to 400. of course a move like that requires gold suddenly spikes 20+ dollars and I have a feeling it may happen,.

so hgu has potentially another 20% to go haha:D

[Inzane]

Originally posted by SilverRex
so hgu has potentially another 20% to go haha:D

Awesome. I'm still holding 900 shares at an average cost of ~$9.85 or so.

[davidI]

Wow, I missed a big day on my course. Definitely got killed on my HOD & HND. I can definitely see some errors in my buying rational, but something is making me hold as something about this rally just seems irrational. I'd think (hope!) the fundamentals will eventually catch up and displace the optimism out there. We will see though!! Happy for those of you in the HGUs and OPCs out there...I couldn't pull the trigger when I had the chance!

[max_boost]

Originally posted by davidI
Wow, I missed a big day on my course. Definitely got killed on my HOD & HND. I can definitely see some errors in my buying rational, but something is making me hold as something about this rally just seems irrational. I'd think (hope!) the fundamentals will eventually catch up and displace the optimism out there. We will see though!! Happy for those of you in the HGUs and OPCs out there...I couldn't pull the trigger when I had the chance!


Originally posted by Canmorite


Markets aren't entirely efficient and definitely aren't rational.

Canmorite sums it up nicely. Personally I just go with the trends now. I no longer research or try to predict anything. I'll leave that to the professionals hehe

With that said, I hope you don't get caught in the leverage trap. A few days going the wrong way is going to cost a lot of money unfortunately. My $0.02 though, markets seem to be finding more reasons to rally than crash. :dunno:

Personally, I bought back into HOU on a hunch tomorrow is going to be a great day for oil.

Picked up some RIM early in the morning when it was down to $81.

Holding a few ETF's, XEG, XFN, HGU.

Bought some UUU hoping it has more to go.

Financial, energy, tech, I want a piece of everything.

Happy Trading.



:clap:

[djayz]

Originally posted by max_boost


Financial, energy, tech, I want a piece of everything.

Happy Trading.

:clap:

You need a new user title, stock whore :rofl:

Hasn't it been said for years now that diversification is key...
I'm 100% weighted on energy and metals so hopefully the diversification thing is bs.
Gold seems to be doing well overnight still holding above that 925 mark :clap:

[Dinan]

So SR, when would you buy HGU,?

[Dinan]

Originally posted by SilverRex
^

no rally until mid june

also I use netdania charting service, both netdania and it did close above 915.

food for thought, the hui closed near 355 today. 355 happens to be the last stop if it turns around its here, but if it doesnt and breaks above, watch out, there is pretty much nothing stopping it from exploding to 400. of course a move like that requires gold suddenly spikes 20+ dollars and I have a feeling it may happen,.

so hgu has potentially another 20% to go haha:D


i thought you meant close above 925....


so you see HGU gaining another 20% till mid june?

when would be a good time buy back some HGU ? :D

[SilverRex]

ok last post before heading off to my spring break.

oil is pretty much side inside a sharp uptrend within a trend channel. looking at it, as long as oil does not close below 58.50, oil's bullishness short term is in tact but since there is negative divergence on MACD, I suspect its a matter of time when oil collasp and when it does breaking below the red uptrend line, most likely re-entry buy point for a good bounce regardless of direction would be right at 55 area

http://i278.photobucket.com/albums/kk118/genmaster/oil64.jpg

as for gold same deal, its uptrend trend channel is still valid (purple lines) after breaking the down trend it opened up 935-940 as target, the closing above 925.10 was very encouraging and now gold is seeking to test support before moving higher while right now it is testing 917 and while it has every reason to hold since it over came 918 which happens to be a very big resistance to begin with, gold's volatile could draw down side to 910 I would only be concern it if gets below 910 and even more worried if it closes below 899 until then, as long as this purple trend channel remains intact, gold will continue to make higher grounds, pull back and rinse and repeat.

As for HGU I mentio the hui index current at 355 which is a mother of all resistance, weeks ago I suggested after it was able to close above low 300s it opened up target to 355 and now we are here. watch this area, because if 355 can be broken to the upside and act as a support, next target will be 400 which is 20% more on HGU. I guess you can say if your in the green, would be good to take profit at 355 and wait for a clear break above before begin buying dips to be safe. Worse case is a false break

http://i278.photobucket.com/albums/kk118/genmaster/gold47.jpg

[davidI]

Have a great vacation SR. Thanks, as always for the charts.

[Dinan]

so you talking about gold spot not comex gold! Ahhhhhh I seeee!

[SilverRex]

here is a good example as to the benefit of higher US dollar.

while HGU suffers when US dollar dropped and so when the US counter part HUI index went up and made new highs HGU actually could not make new high itself, stuck around 12 instead of 15-16 that it should when the exchange rate was strong for the US dollar.


but on the flip side

looking at today this morning, when hui open 2% lower, HGU suppose to drop 4% but instead we only dropped 2% because the stronger US dollar this morning helped ease off the loss

anyways just food for thought.

HGU rebounded from 12 to 12.46, I guess thats because of gold prices bouncing off the 918 as I mention this morning.

perhaps drop in stock = money flowing back to gold for safe haven

[Dinan]

ahhhh, 12.60 :facepalm: fack me lol...

[SilverRex]

^

I guess 12.03 was the buy back when gold was sitting at the 918 support

gold now at 927 hgu now at 12.75

[Dinan]

Originally posted by SilverRex
^

I guess 12.03 was the buy back when gold was sitting at the 918 support

gold now at 927 hgu now at 12.75


yeah i didn't see that... :( you think it will get back down ? you see HGU in the 14-15's?

[SilverRex]

if 355 hui is a real breakout, next stop is about 400 you do the math, 400 - 355 = 45 and 45 / 400 about 11% x 2 so HGU should be able to target another 22% from 12.28 yeseterday closing price assuming exchange rate stay the same that puts it somewhere in the mid 14s

[Dinan]

so i guess if hui hits 400 it will be till about mid june?


i guess i'll wait for a pull back, mid 12's maybe ??



i got some share at 12.52,

[SilverRex]

^

make sure you have a very tight stop chart wise gold may have a breakdown.

let me explain

looking at the chart gold should be confined within an uptrend denote in purple, however the sharp rise day after day has push gold to the point that it is looking like its forming a ascending wedge so if gold cannot breaking above 928 with conviction and actually break below that red uptrend line, then it will fall back to some where in the circle area of course if it does move higher, then it is still going to form a larger ascending wedge denote in brown color. there fore watch that red up trend line holding gold up, if that breaks, then gold will want to test support around the low 900 area.

of course i expect gold to break above 928 and at least get to 935-940 before falling back to the lower part of the channel.

but Caution is advised.

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

[bigbadboss101]

Yup, gold price up, gold stock price down.

[Dinan]

where would i put my stop? or should have i already??

[djayz]

Originally posted by Dinan
where would i put my stop? or should have i already??

do you not have real time stock quotes, you shouldve already haha.
I didnt and i'm getting burned

[bigbadboss101]

But I am thinking for gold stocks it's ok to average down as we known will will be back up and down a few times?!

I sold HOD this morning and it's up .74 since I sold. Should have kept that and sold HGU and ELD instead.

[Proyecto2000]

Originally posted by Dinan


i got some share at 12.52,


I wish I would have sold mine at that price, instead I held on and now its back at $12.00 :(

[Dinan]

Originally posted by Proyecto2000



I wish I would have sold mine at that price, instead I held on and now its back at $12.00 :(

lol, i wish i sold when it got to 12.78 or soo... ahhhhhh... i got 500 shares so down about 350$ with fees... :banghead:

[997TT]

HGU at $11.88 now.

some interesting entry points in TCK.B, CNQ, OPC
or will they fall further making you wished you waited.

[max_boost]

Oh man this sucks. Market down 300pts. I hope it's just a one day thing. :cry:

[Chandler_Racing]

^ Might just see a 400 point day.

[guessboi]

I have been waiting for a big pull back for a while. the market just doesn't make sense with the run for the past few months based on my fundamental analysis. I hope it drops more. :clap:

[davidI]

Originally posted by guessboi
I have been waiting for a big pull back for a while. the market just doesn't make sense with the run for the past few months based on my fundamental analysis. I hope it drops more. :clap:

Haha, me too. Partially because I'm in a couple big short positions and partially because I'd like to enter some larger long-positions at more of a "bottom"

[DRKM]

I was trading HGU in the morning then it suddenly dropped after its high. So I bought after thinging itwas just intra day movment.Bought at 12.30 and never recovered.

The USD was making ground all day but it seems now it is pulling back. Might take a loss in the morning to free up some funds... :(

[Proyecto2000]

HGU sure is going down alot this morning

[Dinan]

its coming back up, was a good buy in at 11.40

[DRKM]

There is some mad reverse head and shoulder action happening in oil at the moment. A break my be imminent.

[djayz]

Thread = Dead?

[Proyecto2000]

Originally posted by djayz
Thread = Dead?

thread is on vacation till SR come back :bigpimp:

[Dinan]

Originally posted by Proyecto2000


thread is on vacation till SR come back :bigpimp:


:werd:

[e36bmw///]

nm

[KappaSigma]

HEB up a good amount on large volume.

Possible news after close to be degisted over the long weekened???? maybe their FDA???

[max_boost]

Originally posted by Proyecto2000


thread is on vacation till SR come back :bigpimp:

Yep.

SR deserves a custom user title for his contribution to this thread. Stock Market Guru sounds good.

:D

[max_boost]

Looks like the market has lots its fizzle for now? Going to move sideways for a bit? I'm just holding everything for now. No trades for the last couple of days.

[Proyecto2000]

I have been trying to get some T.AXL shares for .89cents for the past few days but no go.

Are any of you guys holding BADGER DAYLIGHTING INC (T.BAD.UN)? I was going to buy some tuesday when it was down to $12.35 and I didnt. Today it closed at almost $14. :banghead:

[crazieness]

could one of them be the next DNDN ?


a month old:

http://www.bullishbankers.com/a-dozen-extreme-fda-trades-on-new-product-decisions/#more-12064

[Dinan]

Originally posted by KappaSigma
HEB up a good amount on large volume.

Possible news after close to be degisted over the long weekened???? maybe their FDA???

on the 25th... i'm holding off till then, :clap:

[bigbadboss101]

HEB good buy a few days ago !

[PureDeXteritY]

Originally posted by KappaSigma
HEB up a good amount on large volume.

Possible news after close to be degisted over the long weekened???? maybe their FDA???

Ya like Dinan said, the FDA announcement is not until the 25th.
The Possible news you speak of is about the unusual trading activity for Friday.


Originally posted by Breifing.com
Hemispherx Biopharma comments on market activity; no material events that would explain the high volume market activity Co stated that in view of the unusual market activity in the Company's stock, the NYSE Amex has contacted the Company and requested that the Company issue a public statement indicating as to whether there are any corporate developments which may explain the unusual activity. The Company stated that there have been no material events other than as disclosed in its recent press releases and its filings with the Securities and Exchange Commission that would explain the high volume market activity.

[EDIT] Keep in mind that the 25th is Memorial day in the states, I believe the markets are closed... so if they do make any FDA announcements, trading won't be open till the 26th.

[PureDeXteritY]

mispost

[PureDeXteritY]

mispost

[KappaSigma]

Anyone else listen to the HEB broadcast with newshaven and CEO on Friday?

It was actually quite good IMO. THey have production facilities ready to go and start producing once approved (if..).

Also, they are financed for the next 4-5 years of operations.

Another thing that peaked my interest is that the guy who did the interview has said that since than he has been contacted by big wall street players for the source, etc for more details....

[Dinan]

wow, gold is down, looks like 905 is the next stop, by SR's chart...

few more days and we get to see those charts again :)

[slick2404]

Originally posted by bigbadboss101
HEB good buy a few days ago !

i picked it up at 1.12

[Inzane]

Originally posted by Dinan
wow, gold is down, looks like 905 is the next stop, by SR's chart...

Anyone know why gold (and silver) was down today?

[crazieness]

hey guys,

I'm paying $29/transaction with TD and wondering if anyone can point me in the right direction to places where buying and selling doesn't cost as much.

Thanks

[e36bmw///]

nm

[max_boost]

To get $6.95 or $9.95 with the major banks you either:

A. Have at least $100K in assets
B. Trade 30+ per quarter.

I have $6.95 flat with RBC but I meet both of the above criterias.

[e36bmw///]

nm

[max_boost]

Wow. Good to know. For anyone who needs to open an account, go directly to CIBC! A major bank so you don't have to dick around with those other brokerages.

[KappaSigma]

HEB up in pre-market to around $2.20ish...

Could be quite the day again for HEB.

[crazieness]

Originally posted by e36bmw///
^ hope that includes a bj

go with etrade or quest trade
they are much cheaper

or better yet, cibc

I pay 6.95 a trade

Sounds like I should be getting a heck of a lot more than a BJ!

Thanks for the info, I'll check out CIBC.

[e36bmw///]

nm

[Rat Fink]

.

[max_boost]

Markets + 300pts. :bigpimp:

HEB came back down hard! :eek:

[sputnik]

Originally posted by max_boost
Markets + 300pts. :bigpimp:

That's just the TSX catching up after being closed yesterday.

[DRKM]

oil keeps testing 60.

Bear gods Don't let it break...

[civic_rida]

bought hou on friday at 6.90 and sold today at 7.55

[davidI]

Well, I'm now in the positive on HND and negative on HOD. I really don't get why oil & gas prices are trading inversely these last couple weeks. Oil up, gas down - Oil down, gas up!

[Dinan]

wow, the US dollar is getting smacked around!!!!! :clap:

[Rat Fink]

.

[e36bmw///]

nm

[ballah]

anyone have any predictions of where the TSX will be going this week?? i was hoping that it would drop a bit after the long weekend. but that didn t happen. lol

[cidley69]

regarding HEB, what do you think will happen on the 25th?


should we get out before then?

[Dinan]

^^ up to you, depends how much you got in, the safest way is to take some profit and let the rest ride it out, either way you'll get something out of it....

[DRKM]

God damn oil.

[Rat Fink]

.

[sputnik]

Wow. Oil is on another tear this morning!

:thumbsup: :thumbsup: :thumbsup:

[e36bmw///]

nm

[911fever]

amazing day for all my stocks, such a great day!!!!!!

[sputnik]

Originally posted by 911fever
amazing day for all my stocks, such a great day!!!!!!

so far...

[Dinan]

Originally posted by 911fever
amazing day for all my stocks, such a great day!!!!!!

what are you holding?

[slick2404]

anyone still holding BAC and Citi?

[911fever]

Originally posted by Dinan


what are you holding?

Coca-Cola (i'll prob sell it tomorrow), ABX (dynamite today!), RIMM, CAT, GNK, and SU and IMO (riskiest stock so far). all have small gains over 50 cents i think today alone

[max_boost]

I keep moving my stops up because the markets keep going up lol nice :bigpimp:

[civic_rida]

anyone think its a good idea to buy hod?

[civic_rida]

40 dollar hod :rofl:
come on people

[mac_82]

Originally posted by slick2404
anyone still holding BAC and Citi?

Still in on Citi. Got in at 2.76. I'm going to ride it for a while.

[mac_82]

This could be the TSN turning point for CanWest Global.

0.22 --> 0.40 this month.

Fingers crossed :thumbsup:

[SJW]

The corporate bullshit with opti is driving me nuts. Fucking big institutional trading.

[sputnik]

Originally posted by mac_82
This could be the TSN turning point for CanWest Global.

0.22 --> 0.40 this month.

Fingers crossed :thumbsup:

I wouldn't hold my breath.

They just sold another $100 million in bonds at 12% to existing bond holders.

They are far from in the clear.

[sputnik]

Originally posted by SJW
The corporate bullshit with opti is driving me nuts. Fucking big institutional trading.

Its actually not "big institutional trading" it is the liquidity providers (which happen to be big investment houses) taking advantage of cheaper rates on exchanges currently competing with the TSX (like Alpha).

Here is a pretty good explanation as to what is going on.

http://beta.theglobeandmail.com/blogs/streetwise/phantom-trading-haunts-canadian-exchanges/article1142938/

[SilverRex]

Whats up boyz. Back from my trip. Still feeling lazy, oh well I'll just throw out the usual, in due time I'm sure most of you should understand how to setup your own charts by now. It's not that hard and it goes along ways in planning the right moves even though no technical analysis is 100% you do have an advantage because investor around the world sees the same thing and act on the same move.

looking at oil, if all of you remember the last few oil charts, I wonder who caught oil when oil hit the lower trend line which at the time was near 55 and since then as moved up to around 56 which oil had so easily bounced off and since then made over 10%. Sure its after the fact but the channel remains to be a good place to buy and sell oil. So now after oil brewkeaking the down trend line shown it shot higher and higher onto 62. 62 oil looks to be the 200 EMA on the daily chart and so far is providing the resitance. For the best entry just like when oil touched 56 area, I would suggest the bottom channel again at around 58-59. Currently oil is supported at the 50 day EMA around 60.63, risk taker can try here with a tight stop below 60.50 only a close below this on the 1hr chart would cause further downside. If and will oil break 62? that will depend if the US dollar continues it swoon and oil is only a problem if it breaks below the current uptrend channel which is around 58-59 until then its buy on dips

http://i278.photobucket.com/albums/kk118/genmaster/oil70.jpg

and for gold, while it finally did break down from its ascending wedge which was bearish at the time, it did not quite move to the lower channel, instead 918 held up since it was the major resistance which turned into support. Now obviously gold made a move higher simply because it did not quite get to the upper channel until now. Now that it did, would it finally come down to test the bottom half which is going to be around 910. Well for all we know it may not want to come down if it doesnt want to, you can only look at the support level which is 935 and 918. If the rumor is true where as some are calling the activity in gold is that the big boys are trying to take out weak hands at the same time not letting people back in at the right price then gold could continue to push higher until it hits its last major resistance at around 950-967. I still recommend 910 would be a good spot if gold is to collasp, until then look for price to find initial support at around 935 and 918. And over all, I would only be concern of this recent rally in gold if it closes below 900. Whats also interesting is the HUI index break away from 355, so now 350 would be the support and next target is near 400 which could put HGU back to around 15. Now if I was to guess and gold prices does not do anything out of the ordinary, then gold should retrace back to below 918 which should allow the hui index to retest its breakout point at around 355, then make the move to 400 while gold makes the final move to 950. However that would be the short term target. Then we will have to see if gold can break above 950 for good, Of course for those that are looking for 1300 and 1800 gold prices, the entry was a few weeks back when I suggested gold to break the down trend line which was at around 902. so for gold longs we should now be up near 40 dollars and sit back and see if gold's recent rally is for real or a fake out that could (according to some EW expert) is calling gold to at least make a move to 650 to complete its EW bottom before advancing further. Therefore those that are in around 902 should now move your stop slightly below 900.

http://i278.photobucket.com/albums/kk118/genmaster/gold71.jpg

[davidI]

Bam! Nat Gas Inventory report comes out and my HND shoots up 10%. Boo-ya!

I also picked up some TLM & UUU at what will hopefully turn out to be reasonable prices.

[SilverRex]

I guess I miss calculated the gold price to hui, as I realize hui 355 would be a good buy, and it did, bouncing off just that this morning and now back to 365. I expect hui continue to climb to near 400 while gold price's next stop is 951

[guessboi]

go Gold. go HGU! :clap:

anyone have a position in GLW?
I am thinking of buying some shares in this company after doing some research for the past few weeks.

[max_boost]

Exit point on HGU? :dunno:

[SilverRex]

^ I'm thinking there are more upsides on the way however based on the fact that gold at around 954 is hitting its upper trend channel as well as the resisitance retracement at 951, I believe gold is exhusted and needs to pull back.

I give it at most 958, will be looking for re-entry either at 935 or 918

[DRKM]

Well finished the day off buying some HGU and holding it over night. Thinking HGU will continue its upward trend...

[BigMass]

If anything happens with the UK having it’s credit rating lowered, the pound devalued and if that carries over to the US, you can forget about all the Bollinger bands and trend lines in the world. If you have the dollar and pound start to crash along with stocks, Gold is going to skyrocket along with other commodities. Gold maybe even more so as people start to lose faith in paper as money. Like it’s been said 100000 times over. Gold is wealth preservation. If Gold hits $100,000/oz that would only be because a loaf of bread now costs you $400 at safeway.

The next few months are going to be very interesting.

[Rat Fink]

.