Official Short-term Investments Thread [Archive] - Page 136 - Beyond.ca - Car Forums

SilverRex

05-22-2009, 06:32 AM

US dollar continues to drop and so will gold and oil continue to climb.

though oil is not at the ideal buying level that I perfer around 59 for buying. it only got as low as 60 and since has broken a smaller down trend line and looks ready to make new highs. similar to gold when it refuse to come down to test the bottom of the trend channel, oil could very well remain bullish until it hits it upper channel which is around 64. So entry depends on one's risk and right now you can attampt long for 64 with stops below 61.

http://i278.photobucket.com/albums/kk118/genmaster/oil71.jpg

and gold, boy when is the last time we saw such strength. it is now at a very very critical juncture. its testing the upper limit trend channel and if gold does not come down fast, it could very well signal a clear breach. as seen there are three retracement resistance level 918, 935 and 951, gold is now above 951, the longer it stays above this level (especially closing weekly above this) will signal higher prices coming next week. Yes if gold closes above 951 for the week, it would open up higher prices. Perhaps this is the key for hui to reach 400 as targeted awhile ago? Its scary. while gold SHOULD limit its upside since 951-967 should offer the heaviest resistance because of short sellers however the flip side, this is also the scariest place to be for short, as if they loose their ground here, it could potentially cause gold to run away breaking away from its channel and rising sharper than most expected. And so the US dollar index has just dipped to 80, the technical implication is too strong for most trader to ignore and you can tell everyone is jumping into gold when overall every index was down yesterday even oil and the dollar but yet gold made a 2 month high tells me now your seeing people would flee to gold isntead of cash.

will gold go parabolic like 1980? well if your following my thread in the long term post, gold IS on tract to repeat what it did in 1979 first by breaking a down trendline somewhere between april-may, if and if we do get a new high gold prices within the course of the next few weeks, then you can rest assure we are right on schedule. while I sold my gold shares and some silver spot in atampt to chase a lower price, it gets pretty intimidating when it just keeps going up, but its ok I still have HBU at 865 and physical in the 800s. Anyhow I'll take my chance that gold should drop first before rising further and so take your pick 951, 935 and 918 are your place to get in.

http://i278.photobucket.com/albums/kk118/genmaster/gold72.jpg

e36bmw///

05-22-2009, 07:32 AM

davidI

05-22-2009, 07:39 AM

Got rid of my HND at a 23% gain this morning.

Decided to dump HOD at a 6% loss too.

I don't need that stress over the weekend!

Dinan

05-22-2009, 09:40 AM

Originally posted by e36bmw///
thanks
ill try to pick up hou at 59 oil

so isnt technically, its the last day for people to buy HEB before the announcement on monday?

yeah... but tuesday should be the announcement.... monday is holiday....

SilverRex

05-22-2009, 10:00 AM

going to try and pick up some NG (HNU) below 6 bucks :)

Dinan

05-22-2009, 10:17 AM

Originally posted by SilverRex
going to try and pick up some NG (HNU) below 6 bucks :)

get any ? :)

Chandler_Racing

05-22-2009, 10:26 AM

Originally posted by SilverRex
going to try and pick up some NG (HNU) below 6 bucks :)

I took a whole bunch at 5.94.

The whole natural gas story just seems to make sense right now.

Good-luck with it. :thumbsup:

Dinan

05-22-2009, 10:48 AM

Originally posted by Chandler_Racing

I took a whole bunch at 5.94.

The whole natural gas story just seems to make sense right now.

Good-luck with it. :thumbsup:

i bought some at 5.90 ...

bigbadboss101

05-22-2009, 11:57 AM

Anyone gambling on GM?

slick2404

05-22-2009, 12:31 PM

anyone holding crew energy (CR) ? I'm debating selling it and using the profits on other stocks...(Bought in @ 2.93 now at ~6.00)

Just tryin to see if its worth selling and using the money elsewhere....ahhh the limitations with a tax free account lol.

davidI

05-22-2009, 02:14 PM

I got in on HNU at $5.96 as well. We'll see what happens. When you look at energy equivalents it's beyond ridiculous to have gas trading at 1/17th oil, when the energy conversion and historical relation has been 1:6.

sputnik

05-22-2009, 03:08 PM

Originally posted by davidI
I got in on HNU at $5.96 as well. We'll see what happens. When you look at energy equivalents it's beyond ridiculous to have gas trading at 1/17th oil, when the energy conversion and historical relation has been 1:6.

So you changed your mind on natural gas?

davidI

05-22-2009, 03:29 PM

Originally posted by davidI
Got rid of my HND at a 23% gain this morning.

Decided to dump HOD at a 6% loss too.

I don't need that stress over the weekend!

Originally posted by sputnik

So you changed your mind on natural gas?

I made a 23% profit and the price of NG went down ~$.60...so yes - I'm looking at it the other way now.

When I made the point about energy equivalents, I wasn't trying to say NG would rally because of that. The fundamentals still show excess supply and lots of gas in storage, but I do think NG will be back up above $4 before too long. Long-term, the energy equivalent should help gas prices as industries look to using NG instead of oil - but there are long lead times for such changes.

djayz

05-22-2009, 05:55 PM

Picked myself up some HNU at 5.88 too after freeing up some funds from HGU.

Commodities are doing well and will for a while.

SilverRex

05-23-2009, 12:17 AM

yeah picked up some hnu 5.98 for fun - short term only I do expect NG to be a better buy at 2.6-3.00 which is like 3 dollar hnu. ill give me self a 5% stop loss

looks like the market is ready to breakdown. I read everywhere that 8315 must hold. Upside max is limited to 9088 and down side - plentyful. With DOW closing below 8315, this could be serious implication for what is to come.

while I understand US dollar is breaking down hard, BUT from an EW expert he is calling the US dollar index to bottom around 80 and we are AT 80. I've been skratching my head as he has been quite accurate to date and he sees over 90 on the US dollar index, if that is the case, its very very bad signal that the market will make new lows.

so prepare yourself folks. Dont think long on the market just yet, trade short term only,

gold will be interesting because we've all seen gold can move along side on the strength of US dollar as a safe haven metal. The same guy also calls Gold needs to complete its EW low to around 650 and ounce while that is hard to believe when gold is rallying like this, but I must give it some thought and will watch it closely. other than my bullions, all my paper silver and gold I will complete get out if gold closes below 900, because if this is the run, it should not go lower than 900.

911fever

05-23-2009, 12:35 AM

^ what EW expert is this, silverrex?

SilverRex

05-23-2009, 10:45 AM

^

I dont think he is a known EW expert but I've been following up with his weekly subscribe updates and has been calling stronger USD for weeks now (after this corrective sequence finishes) He suggest currently USD is in a counter trend correction which once bottoms out, will slowly build to the upside.

while it looks quite bearish technically, I have to use him as a constraining view I expect USD to rebound next week anyways as it is quite oversold lately

SilverRex

05-23-2009, 11:19 AM

"What is sigificant is the huge, in the money, gold comex at prices above 950.00.
Generally speaking the smart players are the comex option players. It is now only 5 days left before the June expiry.
June is the second highest delivery month for gold after December as many players choose either June or December for their deliveries.

It is very unusual to see 44000 contracts remain at this late stage. This represents over 4 million oz of gold and together with the regular comex gold expiry in a few days, we may see fireworks as many take delivery of metal instead of holding worthless fiat paper.

We have heard that Germany has demanded its gold at West Point. It is not coming.
From July 08 to Dec 08, 220 tonnes of ear-marked gold has moved from the bank of NY to foreign destinations. It has stopped as of now. Could it be that the usa has not allowed foreign gold to be repatriated to their rightful owners on their soil?"

from
http://harveyorgan.blogspot.com/2009/05/may-2309-commentaryextremely-important.html

a good daily updates of whats happening

Proyecto2000

05-23-2009, 01:57 PM

So im back from a week in Vegas and man i'm dissapointed that I sold all of my HOU/HGU before I left :(

O well atleast I didnt have to worry about this stuff while I was sitting at the pool checking out the scenery :poosie:

Euro_Trash

05-23-2009, 03:04 PM

Originally posted by Proyecto2000
So im back from a week in Vegas and man i'm dissapointed that I sold all of my HOU/HGU before I left :(

O well atleast I didnt have to worry about this stuff while I was sitting at the pool checking out the scenery :poosie:

Haha I am in the exact same boat... went to Cuba for a week but sold everything before so I wouldn't have to think about it

SilverRex

05-24-2009, 06:20 PM

US dollar index is in a sharp descending wedge, I expect it to at least rebound somewhat this week regardless if it goes up or down.

shorting EURO at 1.4010 , TP at around 1.3850 for now see how that goes.

SilverRex

05-25-2009, 06:16 AM

ok so monday, US market close but Canadian still open. As I've written over the weekend briefly, I expect the USD to rebound this week, but will it be right now? hard to say, as it could very well retest the lows or could even head lower before moving up, but a rebound none the less. That could trigger some sort of top for oil or gold anyways lets look at the chart.

for oil, it appears its budged right against and uptrend line (in red) around 61.00 quite obvious, either its going to go up from here or it will crack and head lower. I say if your risk taker, its ok to attampt long here with stops below 60.60 and move your stop to zero if it heads to 62 with target 64. However if 60.60 doesnt hold, we could very well see oil at least get to around the 200 day EMA at around 59.50 for a good rally support.

http://i278.photobucket.com/albums/kk118/genmaster/oil72.jpg

as for gold, price closing above 951 was very encouraging last week thus I can only expect we continue to see higher prices soon but technically its due for a pull back, last week I suggested the current support levels at 951, 935 and 918. Well, so far gold bounced off 951 this early morning and so far looks like it wants to head higher but given on this chart it looks like its running out of room to move higher short term so I would limit its upside to at most around 963-967 given that is our previous support many weeks ago, it is also the last resistance for bears. If price breaks above this, it will retest 1000. As Jim simclair puts it, he expect gold to finally break away 1000 on the 3rd attampt so watch this level closely. Gold is one of those things well some times it may not want to follow its technical patterns and could suddenly, unexpectedly move up or down so there are no garuntees. But if it plays out, I do expect it to fall back to one of the support namely 935 and at worst 918 so look for those area as buying opportunities. (when gold closed above 931 previous week but came down to 918 before advancing higher, we could be in a similar pattern this week) Also notice the red up trend, its forming a widening ascending wedge which usually is bearish

http://i278.photobucket.com/albums/kk118/genmaster/gold73.jpg

one note: stock equities technically looks ready to head lower as the closing on the DOW below 8315 was significant to some analyst. Look for any rallies on the market to be a good shorting opportunity

Dinan

05-25-2009, 07:40 AM

^^ thanks...

did you get any HNU ?

SilverRex

05-25-2009, 07:46 AM

^

I did on friday, but with the US dollar (perhaps rebounding this week and I the fact NG made a lower low I'm out after 3% stop kicked in, dont want to hold the bag. I may attampt again if NG gets back to the 52 week low at 3.25. for short term play. Longer term play I'll try to wait it out and see if it will get to the 2.60 level before imo becomes an extreme buying opportunity.

Dinan

05-25-2009, 08:01 AM

^ ahhhh, so you got out today/.??

how much lower do you see HNU going,, i don't know if i should take my losses now.. in at 5.90/700 or if it drops down buy some more....

SilverRex

05-25-2009, 08:19 AM

^

yeah NG is pretty volatile it can go either way just as quick. given the recent low is at 5.25 hnu, I wont be surprise we will reach thre before a bounce. I tried on friday but will limit my loss to 3-5%. Again short term play. If the US dollar does rally and equities start selling off, chances are NG could head lower. Unless you dont have a problem cost averaging down to low 5s I suggest to limit your loss.

Dinan

05-25-2009, 08:45 AM

^^

i'm in at 5.90, if 5.25 is the low then not that bad....

so i guess in the next week or so we need to be patient while the equities go south... i got mostly cash, so i'm ready for a good buy in.....don't know what yet :dunno: :nut:

Euro_Trash

05-25-2009, 09:44 AM

Yeah I am in at 5.92.... thinking I am going to stick it out

911fever

05-25-2009, 11:39 AM

what online brokerage account should I use to trade stocks on? TD's 29.95 fee until 3 months is up is bruuuutal. And Questrade has terrible customer support. What do you guys use?

guessboi

05-25-2009, 11:44 AM

HNU looks like a good time to get in. it has been staying at the 5.75 range the whole morning. I am going to get in soon. tks to silverrex.

Dinan

05-25-2009, 12:19 PM

wow, what a slow/boring day with the US market closed!

DRKM

05-25-2009, 04:48 PM

Originally posted by 911fever
what online brokerage account should I use to trade stocks on? TD's 29.95 fee until 3 months is up is bruuuutal. And Questrade has terrible customer support. What do you guys use?

With TD it is more than $29.95, they also you charge you per share it you have more than 1000 shares. Sometimes I would get like $300 commission when trying to trade hou/hod. Its not worth it at all! Also the discount web brokrage system is slow and shitty.

For example when you buy some stock, your holdings and activities pages are not updated till the next day. Filling an order takes a long time. And there is not real time updates.

I use Questrade pro and I am a million times happier. $10
trades and the trading platform is way better then TDs web broker. I have phoned customer service once and I got a resonable responce.

Have you tried Questrade? Or are you just going off of hear say?

slick2404

05-26-2009, 12:48 AM

Big day for HEB in the morning!!! Hope for the best!

broken_legs

05-26-2009, 04:50 AM

http://www.bloomberg.com/apps/news?pid=20601087&sid=am1tRsWVbKe4&refer=home

SilverRex

05-26-2009, 06:20 AM

I guess this teaches us to be patient and so as I've said over the weekend, the rebound in the US dollar has started late last night. oil and gold has dropped in such. looking for the market to begin heading south.

oil the short red uptrend did not hold and so oil retrace to its bottom half of the uptrend line at around 59.70 (200 EMA on 1 hour chart) I expect that level will provide very good support for today unfortunately its occuring afterhours and so it will depend on the market if you can get in near that price.

The only thing I might worry is that if the US rally has more legs, it could be a problem for oil so we will continue to watch closely if oil would break the current down trend, as long as the purple uptrend channel holds up, it will continue to provide good buying opportunity otherwise a break below 59.50 will and can open up 56-58 quick quickly.

http://i278.photobucket.com/albums/kk118/genmaster/oil73.jpg

as for gold, Finally, after waiting and waiting and waiting and it did feels like it does not want to come down, but technically its too powerful to ignore, the ascending widening wedge I mention yesterday was big enough to kill gold and so it finally started dropping (mostly because the US rebounded) and it touched around 941 which so happens to be a price projection low for the 951-961 range. though gold held at 941, it must get back above 951 and sustain above 951 to continue further upside possibly to 967, but if 951 becomes a heavy resistance. and USD resume its uptrend, then perhaps gold could have some down side still to 935. I would see how gold plays around 951, until then next best buying opportunity is around 935 and worse case 918. only gold below 918 I will start getting worried.

http://i278.photobucket.com/albums/kk118/genmaster/gold74.jpg

davidI

05-26-2009, 07:43 AM

I exited all of my positions this morning at open so we'll see how the day goes. Bank earnings could support the market but I have an inkling this bull is running out of steam.

Proyecto2000

05-26-2009, 07:52 AM

do any of you guys ever buy into those spam emails telling you about penny stock that is going to sky rocket?

I got an email yesterday morning about USCN (Us canadian minerals inc) and today that penny stock is up 833% damn!

Z_Fan

05-26-2009, 07:55 AM

HEB holders might have to wait another 2 weeks for application results...

sputnik

05-26-2009, 08:49 AM

Originally posted by Proyecto2000
do any of you guys ever buy into those spam emails telling you about penny stock that is going to sky rocket?

I got an email yesterday morning about USCN (Us canadian minerals inc) and today that penny stock is up 833% damn!

It's called a "pump and dump" scam.

Dinan

05-26-2009, 09:00 AM

Proyecto2000

05-26-2009, 09:22 AM

I have gotten a couple from pennystockchaser.com I signed up to get their alerts and they send an email once in awhile and they normally look like this with a bunch of charts and graphics:

USCN Should Move Past $1.00 Very Fast – THE LAST PICK WE HAD LIKE THIS WENT UP 20X IN PRICE

The team @ www.pennystockchaser.com has spent the last two weeks doing due diligence on USCN

We have had numerous calls with management to better understand their business model and the expected upside from the company’s operations.

The company has a project in Kingman, Arizona which has $450 Million USD of gold in proven, probable, and possible reserves.

THIS IS AN ASTRONOMICAL DOLLAR VALUE FOR THIS USCN ASSET WHEN YOU CONSIDER THE VERY LOW, .06 STOCK PRICE.

USCN has all kinds of upside. The stock price is low because the company has been focused on prepping the property for production.

The recent move by gold back towards the $1000 level is the motivator for USCN to speed up the production process and deliver BIG VALUE TO USCN shareholders.

We picked CVRG @ .022 and the stock moved to .42. That was almost 20 times your money.

Proyecto2000

05-26-2009, 09:24 AM

Originally posted by sputnik

It's called a "pump and dump" scam.

so if you buy as the price is rising and then dump before it comes crashing down you are good then? I was originally thinking of buying $1000 worth to see what happens but then I saw that that stock only traded on pink sheets so I forgot about it till this morning

Chandler_Racing

05-26-2009, 09:30 AM

Originally posted by Proyecto2000
I have gotten a couple from pennystockchaser.com I signed up to get their alerts and they send an email once in awhile and they normally look like this with a bunch of charts and graphics:

USCN Should Move Past $1.00 Very Fast – THE LAST PICK WE HAD LIKE THIS WENT UP 20X IN PRICE

The team @ www.pennystockchaser.com has spent the last two weeks doing due diligence on USCN

We have had numerous calls with management to better understand their business model and the expected upside from the company’s operations.

The company has a project in Kingman, Arizona which has $450 Million USD of gold in proven, probable, and possible reserves.

THIS IS AN ASTRONOMICAL DOLLAR VALUE FOR THIS USCN ASSET WHEN YOU CONSIDER THE VERY LOW, .06 STOCK PRICE.

USCN has all kinds of upside. The stock price is low because the company has been focused on prepping the property for production.

The recent move by gold back towards the $1000 level is the motivator for USCN to speed up the production process and deliver BIG VALUE TO USCN shareholders.

We picked CVRG @ .022 and the stock moved to .42. That was almost 20 times your money.

"Since PennyStockChaser.com receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in PennyStockChaser.com "

PennyStockChaser.com has been compensated by the following companies for their profile:
SOCI: 700,000 shares free trading by Third Party
PPTO: 1,000,000 shares free trading by Third Party
HYGN: 13, 000, 000 shares free trading by Third Party
CVRG: 7,000,000 shares free trading by Third Party
USCN: 400, 000 shares free trading by Third Party

:nut:

sputnik

05-26-2009, 09:38 AM

Originally posted by Proyecto2000

so if you buy as the price is rising and then dump before it comes crashing down you are good then? I was originally thinking of buying $1000 worth to see what happens but then I saw that that stock only traded on pink sheets so I forgot about it till this morning

You will be "good" if you do that.

However how the pump and dump scam works, is that the scammer buys a load of shares at a low price days before and then starts flooding the internet with "stock tips" claiming they have talked to management and survey companies claiming only good news is coming and that the target price is 10-20 times higher than the current (previous days) price.

The emails, twitters, facebook messages start spreading like wildfire and the next day the stock invariably gaps up and usually only covers a third or half of the promised target.

The scammer starts the next day creating liquidity (since the stock is usually doing nothing weeks prior) by selling shares at an inflated price. People think that this is the market moving, but in reality it is only the scammer dumping shares. Eventually other legitimate shareholders get in the action as the suckers who dont do their due diligence and trust the email keep buying.

This leaves people wondering if they should get in at say 30 cents to hope to get to promised $1.00 soon.

Eventually the stock stalls and as no news is released (because there was none to begin with) people start to cut their losses and the stock returns back to where it should be trading at a few pennies.

Sure there is a CHANCE to make money, but really the only people making money on the gap up are those that started the email frenzy or were actually holding shares (mostly employees and directors of said company) to begin with.

Proyecto2000

05-26-2009, 10:12 AM

I understand, thanks for clearing that up. I will continue to avoid those emails then.

Dinan

05-26-2009, 10:41 AM

i missed the drop on HNU this morning to pick some up.... anyone added to their position?

bigbadboss101

05-26-2009, 11:57 AM

FAS, GM, and ACUS all had big swings today.

Dinan

05-26-2009, 12:05 PM

wow, it's all green today? why???

US dollar is not making a move yet...

Rat Fink

05-26-2009, 12:19 PM

sputnik

05-26-2009, 12:30 PM

Originally posted by Rat Fink

Hey dude,

Watch the movie Wallstreet. Its a good time, and you'll see the effects of stock promoting. Its actually a pretty accurate depiction of what the Wallstreet/Baystreet sheisters pull off on a regular basis

"Blue Horseshoe loves USCN" :D

Even better. Watch Boiler Room.

SilverRex

05-26-2009, 12:36 PM

oil just touched a new high 62.29 , previously it touched 62.25 a week ago. let see if we will finally see oil head to its upper range to 64 dollars.

for those that have been patient and got in at around 59.70 this morning will be sitting good and its time to move your stop to break even and let it ride to 64 or take your profit now if you are happy with the 8% gain

edit: actually revise that, the upper trend channel is close to 65

sputnik

05-26-2009, 04:06 PM

Looks like oil closed at a new high of $62.45 today.

Should make for an interesting day tomorrow.

davidI

05-26-2009, 05:20 PM

Haha, I guess I shouldn't have closed my positions at the open this morning. I definitely didn't think it would be such a strong day out there!

Red@8

05-26-2009, 05:33 PM

Anyone trading PDN (paladin) or C right now?

Proyecto2000

05-26-2009, 08:55 PM

heads up for any one who wants to see level 2 quotes.
vantagewire.com appreantly gives you 1000 free quotes per month. I just signed up and will try this out tomorrow to see if it gives me the same prices that i get from my current level 2 account.

I will let every one know tomorrow.

Z_Fan

05-26-2009, 09:05 PM

Originally posted by davidI
Haha, I guess I shouldn't have closed my positions at the open this morning. I definitely didn't think it would be such a strong day out there!

Early on it looked like a good choice. But then it changed very quickly and became a bad choice by 10AM.

Go figure.

The whole market is a fraud, obviously baseless, so really it can do pretty much anything it wants, whenever it wants... :dunno:

hattonlynch

05-26-2009, 10:55 PM

lol guys I was browsing a forum a couple months ago (not this one) and someone posted a link to this dudes site...supposedly he's like 24 years old and has been in the markets since he was 14 or 16 years old and has already been fined + investigated by the SEC (this guy is an american) when he was 15 years old for stock market fraud (classic pump and dump).

for shits and giggles i subscribed to his 'newsletter' and every day or so he is basically doing the same thing...sends out an email, hypes a certain stock, and the stock ends up having like a 100% gain in a couple days or so. I have seen this with like 90% of his picks (which are mainly stocks below 3.00). WTF? Is that even allowed? How can he get away with this, the dude is seriously on the money everytime he sends out one of his stupid alerts.

and just today I get this email from him:
"Just because GRO hit $3.16 today up 92% since I posted it as my latest stock-to-watch at $1.65 last week... doesn't mean my new stock-to-watch tomorrow will also be a huge winner.

Never jump into any stock I profile just because I like the company. Always do your own research and make your own investment decisions.

If you are looking for a stock guru to blindly follow I suggest watching this show on CNBC "Mad Money" and listening to the advice of Jim Cramer. Unfortunately, I don't have anywhere near the stock picking talent that somebody like Jim Cramer has.

In fact, CNBC has tons of analysts on the air all day long that can tell you exactly what stocks you should buy and sell. Listen to them. Don't listen to me."

....what the hell? lol

Proyecto2000

05-27-2009, 06:16 AM

im going to take a stab at a potash stock this morning. symbol AAA on the TSXV, its only .25 cents a share so what the hell :nut:

SilverRex

05-27-2009, 06:41 AM

not much change since yesterday's charts so I wont post any new ones. oil broke above 62 and while target is around 64-65 for those who got in 59.7 shoulnt worry just adjust your stops accordingly, as long as it doesnt fall below 61.80 it should continue higher.

and for gold the daily chart closing on 952 was just a nich higher that the 951 resistance that gold needs to overcome to get to 967. So far US dollar after dropping yesterday has started to rebound once again, this could put pressure on oil and gold so we have to see what will happen. Otherwise gold's next support is 935

for the stock market I think its all just a matter of a time and every rally will eventually fade imo. top side in the market is 9088 and down side at least onto 7000s. so definately more downside than up.

davidI

05-27-2009, 07:38 AM

Wow, anyone know what's up with UUU? Happy I dumped it yesterday...but trying to figure out whether I should jump back in or if some awful news came out that I haven't yet seen!

davidI

05-27-2009, 07:40 AM

http://www.reuters.com/article/marketsNews/idAFLR17093120090527?rpc=44

Happy I got out!

KleanCord

05-27-2009, 07:42 AM

Originally posted by davidI
http://www.reuters.com/article/marketsNews/idAFLR17093120090527?rpc=44

Happy I got out!

Wow. I just looked at UUU and it is 30% down and falling.

Rat Fink

05-27-2009, 08:01 AM

davidI

05-27-2009, 08:05 AM

Originally posted by KleanCord

Wow. I just looked at UUU and it is 30% down and falling.

Yep. Now halted by the exchange. I wish I could say that I sold it because of some great master plan, but really I was just taking my profits off the table. Good thing I did!

max_boost

05-27-2009, 09:55 AM

I got screwed on UUU :(

My gains from RIM and HOU aren't even enough to offset those losses either.

djayz

05-27-2009, 10:13 AM

Damn harsh. UUU has been slaughtered on so many occasions but it still puts in steady gains in the long run.

I've bought on just about every time it's dropped like a stone, first 2 times I got burned but the other 3 times I've done quite well.

Won't be buying in this time as I see it dipping into the 1.50 range again, when it does I'll buy up some more.

Last time around bought at 1.30 and sold out way too early at 2.30...but I guess that's what it's worth now haha.

Dinan

05-27-2009, 11:44 AM

wow,,,,, HNU is crazy...

damn! UUU is down!!! good time to buy?

davidI

05-27-2009, 11:54 AM

I'd hold off on UUU for a bit. Their press release sounded positive but it's not like Kazakhstan really cares about the law. Not to mention that UUU picked up those assets via an Asian firm who may have done something scandalous that UUU is not aware of.

guessboi

05-27-2009, 12:16 PM

wow. UUU. I knew is time for it to come back down to earth after many months of going up each day.

Dinan

05-27-2009, 12:18 PM

i guess i'll stay away from it for now....

davidI

05-27-2009, 12:54 PM

Originally posted by guessboi
wow. UUU. I knew is time for it to come back down to earth after many months of going up each day.

Most Uranium stocks have been going up with spot prices. UUU kind of got F'd over by the Kazakhstan gov't.

SilverRex

05-27-2009, 02:06 PM

DOW closed below the important 8315 once again, looks like its game over for stocks. Short on rallies

Dinan

05-27-2009, 03:07 PM

Originally posted by SilverRex
DOW closed below the important 8315 once again, looks like its game over for stocks. Short on rallies

good time to start buying into HGU ??? what do you have your eye on?

KappaSigma

05-27-2009, 03:51 PM

ANPI up big today after FDA approval.

yellowsnow

05-27-2009, 04:22 PM

if UUU drops to 1.50, i'm buying!

civic_rida

05-27-2009, 05:17 PM

I dont think now is the time to buy gold.

SilverRex

05-27-2009, 10:22 PM

I expect gold to retrace as it is overbought

broken_legs

05-28-2009, 03:00 AM

DXY:

I just moved a few grand over into USD. (going to NYC in 2 weeks)

Thinking that we'll have a sell on OPEC news situation. Should put downward pressure on CAD.

If the US Dollar goes up - What happens to the markets?

http://i274.photobucket.com/albums/jj259/broken_legs/DXY.jpg

Also watching the wedge thats forming on the XLF...

davidI

05-28-2009, 06:36 AM

Just saw this quote and figured it was worth posting - so true...:

John Maynard Keynes, probably the most influential economist of the twentieth century, once said that “the market can remain irrational longer than you can remain solvent.”

SilverRex

05-28-2009, 06:41 AM

^ well the guy that called for the US dollar to rally off 79.94 (dollar index) is so far on track and is expected this week. sold euro and it already dropped top to bottom over 200 pts.

I expect most will not realize this as dollar continues to gain strength, as equities slowly sells off into US dollars, even as weak as it is fundametally technically regardless it will over or under perform, it is due for quite a bounce.

and with this it will send equities, oil AND gold lower.

there fore its best to stay away from stocks unless you have the ich to go short, even gold shares hgu I'll be careful.

not going to post an oil chart today as we are still in the same trend manner, but so far 1 hour chart had put in a nice rejection hammer, if the US dollar gains strength, then oil will go no where. the anticipated target price is still around 65, but for those that never got in at 59.70 which I recommed few days ago should stay away. But those that did you can keep watch price on the 50 and 100 EMA which is 62.5 and 61.9 which is slowly moving up. I would exit all position if it falls below the 100 EMA, otherwise you can give me a go to try for 65. Is the 4% more gain worth it? if your already up 12%? its your call.

and for gold, its overbought, and while it can do funny shit anytime it wants to, the notion of a pending huge breakout to the upside is quite scary. And if you saw the latest chart I posted over on the LT you'll see that it does appear gold is ready to pull back and so I'll say upside max is around 967.

If and when gold does pull back (I surely hope and nothing is 100%) I'll look for re-entry starting with 935 and support is layered everywhere from 901, 913, 918, 924, 935. Again only closing below 900 would I Be concern with gold's recent rally

http://i278.photobucket.com/albums/kk118/genmaster/gold75.jpg

davidI

05-28-2009, 08:11 AM

I picked up some UTS today. Heard rumblings that an PCA / SU may be working up an offer. I'll likely hold this one for a while and see what happens.

Proyecto2000

05-28-2009, 08:14 AM

any one still into opti? I decided to put an order in at $3.35.

Dinan

05-28-2009, 08:29 AM

UUU is up nicely!!!

davidI

05-28-2009, 08:53 AM

Originally posted by Dinan
UUU is up nicely!!!

Big time. Maybe it was oversold yesterday...I still think the downside is greater than the upside though!

Dinan

05-28-2009, 08:59 AM

wow, HNU is flying :)
(wish i bought more on the dip)

you guys still holding HNU ??? thinking 8$ is a good price to sell but i'm sure there will be dips along the way to trade in and out off... or with the US dollar gain ground this might lose some.....:confused:

SilverRex

05-28-2009, 09:21 AM

ok do oil pretty much got to 65 (64.99) I would sell hou now for those that got in 59.70 and still holding as I recommended from previous chart.

everything looks ripe to fall from current levels. I still believe the US dollar while technicall the H&S pattern targets 76, but I have a feeling the 80 level should provide a solid rally regardless which direction it resumes. this will no doubt bring the stock market down, oil down and gold down. If anything I would short oil close to 65 dollars instead. however the one thing to know is that the upper trend line now puts oil upper limit to around 66 dollars. So either short at 65 with stop above 66 or short right at 66 (if we get there by chance)

euro since shorting at 1.40xx on monday. has been quite good touching as low as 1.3800, now its hitting its upper down trend line, should provide a good shorting opportunity once again with target back to around 1.3850

while im impressed gold shot pass its recent resistance of 961 and touched near 964. again top side max I see gold should not break 967 and I anticipate a pull back towards 935. However anything could happen, if 967 breaks, then we may see 1000 tested in which we could then get the 50% retracement off the recent rally from 1000-865 to around 935 yet again. So either way its worth holding out on gold for now.