Official Short-term Investments Thread

[Dinan]

however didnt sell HNU now you got a second chance :)

[djayz]

Sold at 6.95 :D

[Dinan]

who's buyin HOD NOW :D

[Z_Fan]

I bought HNU yesteday just cuz I had some cash kicking around from selling some HGU.

Was going to buy 1000 shares, but just bought 500 instead. Either way, that was yesterday afternoon and it's up nearly $1.00 from when I bought so easy money, I bailed on HNU and am going to send a nasty PM to SilverRex if NG doesn't fall like his crystal ball says.

I also bought FAZ yesterday and within 30 minutes it was up over half a grand. Some luck with timing for me yesterday. It's down a couple hundred bucks today for me though. 1000 shares.

Still holding some HGU. Debating on selling it.

[Dinan]

Originally posted by Z_Fan
I bought HNU yesteday just cuz I had some cash kicking around from selling some HGU.

Was going to buy 1000 shares, but just bought 500 instead. Either way, that was yesterday afternoon and it's up nearly $1.00 from when I bought so easy money, I bailed on HNU and am going to send a nasty PM to SilverRex if NG doesn't fall like his crystal ball says.

I also bought FAZ yesterday and within 30 minutes it was up over half a grand. Some luck with timing for me yesterday. It's down a couple hundred bucks today for me though. 1000 shares.

Still holding some HGU. Debating on selling it.

LOL! hope his crystal ball works too :D

yeah i wish i bought some more hnu yesterday

[civic_rida]

I bought hod and holding fas also.
Gotta watch it with fas with the currency conversion though.

[Kimchee]

anyone know much about OCLS??

[max_boost]

If you look at the futures contract for oil, the contango is <5% from now till years end. It tells me, HOU is going to be dynamite. $100 oil baby.

Don't go quoting the shit I said 2-3 months ago, a lot has changed since then. :poosie: :rofl:

Anyway, still waiting for the markets to pullback but it only wants to go higher? :confused:

[djayz]

Anybody here using Jitneytrade?

I just noticed that they charge 9.99 flat with no minimum account balance and there's something about getting up to $1000 cash back per month. I can't find any info on the cash back and I just tried calling but it just kept ringing.

Ohh and vantagewire has 1000 free real time quotes available per month for free so for those of you without real-time quote packages this may help you out a little :thumbsup:

[ballah]

Originally posted by max_boost
If you look at the futures contract for oil, the contango is &lt;5% from now till years end. It tells me, HOU is going to be dynamite. $100 oil baby.

Don't go quoting the shit I said 2-3 months ago, a lot has changed since then. :poosie: :rofl:

Anyway, still waiting for the markets to pullback but it only wants to go higher? :confused:

that s the way i feel right now.. i bought in when i thought the markets were gonna drop back down, but they kept on the upclimb.

i thought this economy is in a slump but yet the markets are doin real well. but i guess it could be because of the season that we are in.

[911fever]

Originally posted by djayz
Anybody here using Jitneytrade?

I just noticed that they charge 9.99 flat with no minimum account balance and there's something about getting up to $1000 cash back per month. I can't find any info on the cash back and I just tried calling but it just kept ringing.

Ohh and vantagewire has 1000 free real time quotes available per month for free so for those of you without real-time quote packages this may help you out a little :thumbsup:

do you use JitneyTrade?

[djayz]

Originally posted by 911fever


do you use JitneyTrade?

Nope I'm with ITrade don't think I would switch but want to know more info about the company and how they are willing to give away a $1000 a month.

[SilverRex]

so before market opens we have oil above 66. Now I revised yesterday that the upper channel range is at 66 but now its close to 67 (because each day this line moves higher) If you ask me technically everything is overbought, yes that includes both oil and gold. And very surprise even when over bought conditions are met the market just keeps going higher.

while oil is still within its range, gold has clearly broken above my expected top at 967 which is a surprise (for a change) I can only explain it that it is solely on the fact that US dollar index broke down. the big support at 80 was broken and now trades in the 79.50 range. While next support is at 78. If it does not get back above 80 fast, this could be a death spiral.

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

the big support at 80 was broken and now trades in the 79.50 range. While next support is at 78. If it does not get back above 80 fast, this could be a death spiral. None the less it just put in a bullish reversal hammer and is oversold so let see how much leg this reversal has

I did not expect the US dollar to become this weak without a bounce because when the world panics, initially it would drag everyone back to US dollar.

http://i278.photobucket.com/albums/kk118/genmaster/dollar-1.jpg

The price breaking its march peak at 967 for gold is quite encouraging. For day traders we have to wait for another day because again its way over bought alot of indicator needs to reset. but for long term traders those who bought in the 865-880 range as (if you were following me back then) would have alot of room to sit and watch. Even those who follow the breakout signal at around 902 at the time is also sitting 70+ dollars. So we have alot of ammo to play.

The best part of gold hitting a higher price since 865 is (again on the LT posted) it would bring our 50% retracement higher, so if gold does dive into a retracement correction then it will give us a higher support pull back so what would have been a 901 max low is now closer to 908. Which is fantastic for us Longs.

Again I have to say everything is overbought and needs to come down, anything higher or even higher is parabolic and parabolic moves has no place in the technical world because its all driven by emotions. For day traders lets hope the market pulls back but its definately a very good few weeks for gold bugs ;)

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

[Dinan]

oh there goes the US dollar down, and there goes NG and everything up..... sold early again.... :facepalm:


glad i didnt buy HOD now ...... why is the US dollar dropping :eek:

[davidI]

Originally posted by Dinan
oh there goes the US dollar down, and there goes NG and everything up..... sold early again.... :facepalm:

A small win is better than a big loss. I'm likely going to close out some of my oil positions today. Who knows what will happen over the weekend.

I'm not sure if the market has already priced in what will happen when GM goes through bankruptcy (ie. jobless claims from 14 plants closing etc.) but that news certainly won't be good. I think things are over bought and will have to drop at some point so I may as well take a little bit of profit while I can!!

[davidI]

I'm extremely tempted to pick up HOD < $13...

[Dinan]

yeah even better deal then yesterday, but SR saying it can hit 67..... hmmmmm:confused:

[Rat Fink]

.

[Rat Fink]

.

[max_boost]

It's getting close, the day HOU and HOD par each other haha

$100 OIL. BUY HOU! :rofl: :rofl: :rofl:

[djayz]

Originally posted by max_boost
It's getting close, the day HOU and HOD par each other haha

$100 OIL. BUY HOU! :rofl: :rofl: :rofl:

Damn had a I held HOU from mid January when I bought it at 7.50 I would finally be in green on the damn thing :o

Can't wait for a pullback on stocks now, portfolio is sitting at like 60% cash haha

[Kimchee]

good time to buy in HOD?

[SilverRex]

USD/JPY a good buy as long as 95.21 does not break

[Kimchee]

sorry for the noob question, but can someone explain the difference between HOU and HOD? is the only difference bullish vs bearish? anything else i should know? thanks

[max_boost]

haha kimchee, there is a lot you should know but if you think oil is going up, buy HOU and vice versa. but more importantly, HOU and HOD offer 2X the returns so if Oil is up 10%, you make 20% and vice versa. :thumbsup:

[Neil4Speed]

Any ideas guys on what is going on with Talisman and Encana, both of these guys are taking a hit today whereas other O&G is doing pretty well.

[SilverRex]

NG is finally coming down. Phew the last thing I want is hate mails starting flooding my msg box:nut:

[guessboi]

Originally posted by SilverRex
NG is finally coming down. Phew the last thing I want is hate mails starting flooding my msg box:nut:

no one can predict what happens in the future. we love you silverRex even if you are wrong. :clap: :D

[Dinan]

Originally posted by guessboi


no one can predict what happens in the future. we love you silverRex even if you are wrong. :clap: :D

yes, but love you more when your right, like always :)

so what you say about the US dollar?



i bought some HOD at 13.15 will see how i do lol

[hattonlynch]

why buy hod when inventories are going down? refineries are also working harder.

i would go long on agriculture...its very cheap relative to gold. also long on aus,can,brazil dollars...basically just the exporting counties, and go short on the yen, usa dollars (importers).


one more thing boys & girls...steel is at major, major, major lows. They are so low to the point that inventories are so low that when demand picks up, it can be very problematic. I'm thinking of getting into a copper or steel play.

[davidI]

Originally posted by hattonlynch
why buy hod when inventories are going down? refineries are also working harder.


I figure because inventories are still higher than they should be for $66 oil, because the $US is likely oversold and because there are ~100 million floating barrels right now not to mention 4+ million boed shut-in by OPEC?

I can see oil hitting $67 or even $68....but I figure it will drop to $63 or $64 again in the next couple weeks.

[Z_Fan]

I'd have over $62,000.00 CDN worth of HOU shares today if I didn't panic sell them a few months ago...and just been patient.

FUCK!

:poosie:

[davidI]

Good article on 2x ETFs for those of you getting familiar with them:

The problem is that these leveraged and inverse ETFs don't deliver the performance most investors expect - except over a single day. Beyond that, they tend to return much less than you might think. In fact, doubling an index's performance over a day is much different from doubling it over a year - or even a week for that matter.
The math is quite complicated but here's a simplified example of the problem, courtesy of Morningstar analyst Paul Justice.

Let's say you make a $100 investment in each of three funds, says Justice. One is a simple investment in an index. In addition, you buy two double leveraged funds that compound daily; one is double-long (returning twice the index) and the other is double-short, producing twice the index loss. After one day, the index moves 10 per cent higher and is worth $110. The double-long would add 20 per cent and end at $120, and the third would lose 20 per cent and drop to $80.

On day two, let's say the index loses 10 per cent, says Justice. That means the average return would be zero. However, the index itself would end at $99 because 10 per cent of $110 is $11, and $110 minus $11 is $99. The fund that promises double the return of the index but compounds daily would end at $96, off from $120. Its return for day two is -20 per cent (double the index's loss), and leaves it with a $24 loss for the day. So, $120 minus $24 is $96. The double-short fund would also end at $96 because 20 per cent of $80 is $16, and $80 plus $16 is $96.

If you were to repeat 10 consecutive days of "up 10 per cent" days followed by "down 10 per cent" days, both of the leveraged funds would end up at $81.54, which is a sizable difference from the $95.10 the index would end at. Repeat this process for only six months and the difference would be sharper still. In other words, the longer you hang on, the greater the variance and the worse off you'll be, Justice notes.

This is why, in a recent report entitled "Heads You Lose, Tails You Lose: The Strange Case of Leveraged ETFs", the Canadian Foundation for Advancement of Investor Rights (FAIR Canada) is urging regulators to clamp down on the funds' sponsor, forcing it to highlight these risks more clearly.

FAIR Canada estimates that, on average, most BetaPro ETFs are held for two weeks. However, many retail investors hold these funds for much longer periods, incurring unexpected losses in the meantime, according to the organization.

The longer you hold a leveraged or inverse ETf, the more likely you will lose money, regardless of which direction you bet, maintains FAIR Canada Executive Director Ermanno Pascutto.

That's why, at the very least, prospectuses and marketing documents should have bold front-page disclosure, in plain English, of the risks of holding these products for longer than a few days, particularly in volatile markets, FAIR says.

To be honest, I don't think BetaPro has been doing that poor a job at explaining its product. The existing literature clearly states these funds track the daily performance of the underlying index. But it's probably fair to assume that many retail investors, and likely some advisors, don't necessarily understand the implications of a constant leverage formula.

Realizing this, Betapro has announced it's launching a Horizons ETF University for advisors, starting in the Toronto area and moving across the country through June.

You might want to ask somebody for their notes.

[max_boost]

Originally posted by Z_Fan
I'd have over $62,000.00 CDN worth of HOU shares today if I didn't panic sell them a few months ago...and just been patient.

FUCK!

:poosie:

:(

A lot of money has been lost collectively. With that said, we stand to gain a lot if the market goes on a wicked bullrun > 15,000pts over the course of the next however many years.

I've changed my portfolio around where majority of it tracks the S&P/TSX60 (average cost under 10,000pts) XIU.TO and the remaining to play around with the 2X ETF's and higher risk stocks.

:thumbsup:


Originally posted by davidI
Good article on 2x ETFs for those of you getting familiar with them:

The problem is that these leveraged and inverse ETFs don't deliver the performance most investors expect - except over a single day. Beyond that, they tend to return much less than you might think. In fact, doubling an index's performance over a day is much different from doubling it over a year - or even a week for that matter.
The math is quite complicated but here's a simplified example of the problem, courtesy of Morningstar analyst Paul Justice.

Let's say you make a $100 investment in each of three funds, says Justice. One is a simple investment in an index. In addition, you buy two double leveraged funds that compound daily; one is double-long (returning twice the index) and the other is double-short, producing twice the index loss. After one day, the index moves 10 per cent higher and is worth $110. The double-long would add 20 per cent and end at $120, and the third would lose 20 per cent and drop to $80.

On day two, let's say the index loses 10 per cent, says Justice. That means the average return would be zero. However, the index itself would end at $99 because 10 per cent of $110 is $11, and $110 minus $11 is $99. The fund that promises double the return of the index but compounds daily would end at $96, off from $120. Its return for day two is -20 per cent (double the index's loss), and leaves it with a $24 loss for the day. So, $120 minus $24 is $96. The double-short fund would also end at $96 because 20 per cent of $80 is $16, and $80 plus $16 is $96.

If you were to repeat 10 consecutive days of &quot;up 10 per cent&quot; days followed by &quot;down 10 per cent&quot; days, both of the leveraged funds would end up at $81.54, which is a sizable difference from the $95.10 the index would end at. Repeat this process for only six months and the difference would be sharper still. In other words, the longer you hang on, the greater the variance and the worse off you'll be, Justice notes.

This is why, in a recent report entitled &quot;Heads You Lose, Tails You Lose: The Strange Case of Leveraged ETFs&quot;, the Canadian Foundation for Advancement of Investor Rights (FAIR Canada) is urging regulators to clamp down on the funds' sponsor, forcing it to highlight these risks more clearly.

FAIR Canada estimates that, on average, most BetaPro ETFs are held for two weeks. However, many retail investors hold these funds for much longer periods, incurring unexpected losses in the meantime, according to the organization.

The longer you hold a leveraged or inverse ETf, the more likely you will lose money, regardless of which direction you bet, maintains FAIR Canada Executive Director Ermanno Pascutto.

That's why, at the very least, prospectuses and marketing documents should have bold front-page disclosure, in plain English, of the risks of holding these products for longer than a few days, particularly in volatile markets, FAIR says.

To be honest, I don't think BetaPro has been doing that poor a job at explaining its product. The existing literature clearly states these funds track the daily performance of the underlying index. But it's probably fair to assume that many retail investors, and likely some advisors, don't necessarily understand the implications of a constant leverage formula.

Realizing this, Betapro has announced it's launching a Horizons ETF University for advisors, starting in the Toronto area and moving across the country through June.

You might want to ask somebody for their notes.

That explains it well but if the growth is linear, 2X is going to offer some dynamite returns. I'm really hoping to see $100 oil before fall even if I have to pay $1.50 at the pump. HOU gains far exceed any gas bills I have to pay. :devil:

[davidI]

Originally posted by max_boost

That explains it well but if the growth is linear, 2X is going to offer some dynamite returns. I'm really hoping to see $100 oil before fall even if I have to pay $1.50 at the pump. HOU gains far exceed any gas bills I have to pay. :devil:

Big time. I think the learning people need to take away is that 2x ETFs are not the type of investment that you buy and hold for long periods of time. You need to actively manage them.

I can't see $100 oil anytime soon. OPEC is still shutting in plenty and there are ~100 million floating boes right now. Unless the US$ really $hits the bed I don't think the fundamentals could even come close to justify it. Then again, I don't think the fundamentals justify $66 oil which is why I picked up HOD at $13.10 haha. Hopefully the US$ bounces back a bit this week.

[ballah]

^^agreed. i m still with hxd (i bought in at $22.50 per unit) but i m gonna just go back to the old faithful of cos.un. i plan on just buying and selling canadian oil sands and hope that hxd doesn t drop to much and once i make up the amount i m gonna lose on hxd, i will then sell my hxd units. unless hxd goes back up.

i am optimistic that the tsx will eventually get back to the 8000 point mark. lol

[SilverRex]

Going to get this out of the way before monday. Oil has continue to creep up, it is overbought and I expect it to pull back soon if not now.

looking at the chart, oil is pretty much still playing within its up trend channel. with latest top side now at around 67.50. yes this number goes up as long as the channel does not breakout to the low side. But to confirm the swoon has started it must break the short term up trend denote in red, only then will the run towards the bottom half at around 62 begins. It could very well do what it did back in early april when it hugged the upper trend around 58 at the time and took awhile before finally broken down. Again unless things changes dramatically, range is 62-67.50

http://i278.photobucket.com/albums/kk118/genmaster/oil0530.jpg

and gold, to much of my own surprise as well as many others, gold has broken higher and looks to be working into a sharper up trend channel. even with this I still expect it to pull back. Gold for the 1st time in a very long time has had 4 consecutive weekly close. And it seldomes puts in a 5th. US dollar has been over sold. So regardless of its direction, I expect the USD to rebound. I expected it last week to do so but there werent enough strength and as a result it closed lower. the US dollar index is now at 79.23 with last support at 78 which if broken next down side target will be 72 which will be quite significant because that will send oil, stocks AND gold to new highs yet again. But I dont expect it to break 78 any time soon. therefore I see gold and oil topping out this week and should begin a healthier pull back.

Gold's first support should be somewhere around 960 but I would very much like to see it work its way back down the its former trend bottom at around 935. You may say but gold is bullish, it closed above its previous resistance isnt 1000 around the corner. well yes, but since it is also only 20+ dollars I would suggest even if gold were to climb to 1000 on monday it could very well get knocked down quickly so the down side favors more so than up.

The strategy calls for, if everyone was buying gold when it first broke the down trend line at around 902 few weeks ago, then we will be sitting pretty by moving our stop loss to break even and let gold do its thing, even a 50% pull back at current level should only touch 922. So we are sitting comfortably and hope this run is real. But for those who missed this and still waiting for a buy back. I will caution buying at this level because the 960-1000 area is the worse place to get long. Why? this area could either be the top or the floor but given its overbought and pychologically condition, price could very well get rejected at first. If I must buy I would rather wait for a 50% retracement from its 865 low to its recent high (once establish) now at 922 or if gold does touch 1000, then 50% retracement will yield at around 935 before going long once again. If gold does go parabolic and does not produce a retraement then I will wait until gold breaks above 1008 then go long, why 1008? not only is this higher than its previous high in feburary at around 1006, but from a EW stand point, it would take out the notion that gold is in a counter trend rally that is corrective.

Anyhow excuse me for the lengthy comments. gold in my books continues to be bullish unless it closes below 900.

http://i278.photobucket.com/albums/kk118/genmaster/gold0530.jpg

[djayz]

golds on a tear, wish i had held onto some more of my hgu. still have a position but potential of profit is so low that its hard to watch haha.

sitting pretty at 987 right now and coming very close to its 1 year high of 993 :eek:

[davidI]

Wow, oil still going up. The US$ took another hit and China's manufacturing is coming back online. I'm not sure what to think anymore!

[Dinan]

damn, in at 13.15 with HOD....

[sputnik]

Wow. Oil is on a tear! :clap: :clap:

Now if only natural gas would follow.

[KleanCord]

Gold relative to the CAD dollar has actually been quite lackluster.

NG is the only major commodity that hasn't responded to the inflation factors and the fact that everyone is already so bearish on it suggests that it would be the commodity of choice for me.

I am done playing with leveraged ETFs, as there are plenty of stocks that seem to provide replicable performance and you don't worry about value erosion.

[Aleks]

Originally posted by sputnik


Now if only natural gas would follow.

x 2.

I want this over $6 at least.

[Dinan]

you guys hold HNU ?

[Kloubek]

So, I'm not so experienced with this investing thing.... but is GM stock now essentially worthless? Why is it rising today on the stock market?

[max_boost]

Originally posted by davidI
Wow, oil still going up. The US$ took another hit and China's manufacturing is coming back online. I'm not sure what to think anymore! haha :werd:

This is ridiculous. 11,000 TSX? $70 oil? This week? :eek:

:nut: :dunno:

[civic_rida]

Yea i messed up with hod
But made it with fas
Sold at 10.70 had bought it at 9.30

[Dinan]

Originally posted by civic_rida
Yea i messed up with hod
But made it with fas
Sold at 10.70 had bought it at 9.30

did you sell hod?

[Aleks]

Originally posted by Dinan
you guys hold HNU ?

Not directly, but I have lots of company stock given to me that I would like to see move higher still :burnout:

[civic_rida]

naa still holding.
Waiting for a pull back

[Dinan]

Originally posted by civic_rida
naa still holding.
Waiting for a pull back

me too, did you buy some more?

[Neil4Speed]

Hey guys, what the best source for real time oil prices?

[Dinan]

http://datasuite.cmegroup.com/dataSuite.html?template=fut&productCode=CL&assetClassURL=http://www.cmegroup.com/trading/energy-metals/&header=new

[Kimchee]

http://www.bloomberg.com/energy/

[civic_rida]

Not buying anymore.
Every day oil just goes higher.

[Dinan]

Originally posted by civic_rida
Not buying anymore.
Every day oil just goes higher.

yeah cause the US goes lower.....

[max_boost]

I am loving this. :clap: :love:

[max_boost]

Sold half my HOU.

What now? Wait for pullback on HOU and HNU?

[Dinan]

shit..... im down on HOD,,, lol, fist time buying too.... damn oil, needs to pull back!

[davidI]

Yea, I'm down on HOD too. I'll be patient. I'm invested in a few E&Ps so they sort of offset each other.

[guessboi]

this market is crazy. no pull back in sight WTF. :nut:

[max_boost]

Originally posted by guessboi
this market is crazy. no pull back in sight WTF. :nut:

I KNOW!

A bubble is forming.......anyone agree?

[Rat Fink]

.

[yoda124]

Today was the blowoff top I was looking for.I backed up the truck and short crude, s&p500, and tsx60.Added some forex us dollars as well.

[sputnik]

Originally posted by yoda124
Today was the blowoff top I was looking for.I backed up the truck and short crude, s&amp;p500, and tsx60.Added some forex us dollars as well.

That's a pretty ballsy move.

What are your targets and TA on each of those?

[hattonlynch]

damn markets are crazy...2% movement on the US dollar today on the downside (forex markets), wtf that almost never happens in a single day

when will this 'bull' end?

[Dinan]

i hear buying GAS is better then HNU for NG play, for longer run.... anyone buy GAS?

[Chandler_Racing]

Originally posted by Dinan
i hear buying GAS is better then HNU for NG play, for longer run.... anyone buy GAS?

I would buy the Canadian fund as your gains will be eaten away by FX losses.

[Dinan]

^^ they both in Canadian funds

[Chandler_Racing]

Sorry, thought you were talking about Nicor Inc. (GAS).

This chart shows a lot though:

http://ichart.finance.yahoo.com/z?s=GAS.TO&t=5d&q=l&l=on&z=m&c=HNU.TO&a=v&p=s

[davidI]

Looks like there will likely be some profit taking today. Hopefully it's enough to push oil & my HOD back into the black!!

[e36bmw///]

nm

[997TT]

^ lol

i gave up on being short .... well after yesterday when i sold HOD/FAS for losses.

All my long plays have gone up 20%+ and it gets wiped out by my dumba$$ short ETF's because i keep thinking the market is due for a pullback.

[davidI]

^
I'm about to do the same. Although that's probably when the market will pull back and I'll lose it all. :rofl:

[skandalouz_08]

Are you guys still buying HOU?

I think its due for a pullback too, just don't know when and can't believe that oil just keeps going...

[civic_rida]

hod:banghead:

[sputnik]

you oil bears make me laugh every morning

[Dinan]

Originally posted by civic_rida
hod:banghead:


:banghead: :facepalm:

[Aleks]

Originally posted by sputnik
you oil bears make me laugh every morning

People forget oil was at $147 less about 12 months ago. Everyone was sure it would go to $20 only 2 months ago as well.

I am more interested in NG at this point.

[911fever]

Originally posted by e36bmw///
how the fuck is oil on the rise again

I KNOW WTF

[e36bmw///]

nm

[max_boost]

HOU has been dynamite for me the past week and some. Throw in a market order in the morning and sell in the afternoon for profit. Rinse and repeat.

It helps offset my UUU losses. :(

[slick2404]

Originally posted by e36bmw///
Anyone see HEB????

AT $2.56 !!

:D :D :D :D :burnout:

I got in this morning at 1.70 to average out at 1.54

[e36bmw///]

nm

[max_boost]

Originally posted by slick2404


:D :D :D :D :burnout:

I got in this morning at 1.70 to average out at 1.54


Well played.

This is all I found regarding HEB.


Shares of Hemispherx (HEB) Spike Mid-Day Ahead of Ampligen Approval/Rejection

Shares of Hemispherx Biopharma (AMEX: HEB) have jumped mid-day despite no news coming out ...

That's what I was hoping for with UUU. Bought at $3.90, bought some more at $2.20, averaged it to $2.90 and now sitting at $1.80. FML

[e36bmw///]

nm

[max_boost]

Is there an ETF that tracks oil and nat gas without leverage?

Only one I found for oil is USO but that's in USD so it errodes your gains as oil goes higher.

[997TT]

Max, why would you want one without leverage?

We've all established ourselves as degenerate gamblers where no risk is too much for the "potential" reward.

Wait, had i never heard of ETFS, let alone 2x or 3x leveraged ETF's id have lot more money in my portfolio. haha

[max_boost]

:D

[slick2404]

Originally posted by e36bmw///
Slick, i hope you sold it at 2.50 to re buy again.

:( missed out, ended up hitting up pasta tuesday at BPs haha :banghead:

[SilverRex]

sorry folks didnt post anything this morning as I Was away to pick up my wife from the hospital.

Anyways the only comments I have for oil and gold is the same, both are budging at the top of their respective trend channel. Its over bought. and something has to give.

the US dollar index looked like it was going to rally off 78.5, came crashing down yet again. The last support is at 77.7 and it must hold otherwise it will bring on another wave of dollar selling and so I dont believe it will break just yet. Not at least with a substantial rally.

its currently forming a descending wedge on the 15 mins and a similar pattern is unfolding on the euro. I feel a top is near. VERY near.

silver has put in a double top around 16 dollars. gold has put in a solid reversal hammer on the daily yesterday. I would imagine if the break down were to occur, the action today is simily to trap longs and a fake retracement that should lead to the down side.

I gambled and sold all my silver and gold paper in attampt to wait for a retracement for gold back to at least 920-940 area.

gold will bounce at 960 so that could provide a good swing trade. and around 64 for oil. But get ready once 960 gold and 64 oil gives way, it will begin a multi week consolidation and slow grind to the targetd down side.

DOW has just put in a double top around 8770 and is coming down, of course this aint a double top unless it it breaks below 8700 but start thinking short. DOw also hit its 200 day moving average there fore its time to stay away. If market rally is real, it will get above the 200 day moving average and sustain above it and the 50 day will cross over to confirm trend change. unless this happens, we are very much still in a bear market rally folks.

[max_boost]

GAS.TO from Claymore

Thoughts on this? http://www.claymoreinvestments.ca/etf/fund/gas

Long term hold? Sell when nat gas reaches $15 again? LOL

[in*10*se]

in at HEB @ .75 out of HEB at 2.43 and gone from long HEB to shorting it.

pick your coin flip... HEB will either go up w/ FDA approval or fall flat again.

I have a 75% feeling in favor of rejection by FDA... just my 2 cents. but if you really think long.... then all the best :) cause we're betting against each other

[Dinan]

Originally posted by in*10*se
in at HEB @ .75 out of HEB at 2.43 and gone from long HEB to shorting it.

pick your coin flip... HEB will either go up w/ FDA approval or fall flat again.

I have a 75% feeling in favor of rejection by FDA... just my 2 cents. but if you really think long.... then all the best :) cause we're betting against each other

yeah i'm out too, at 2.38,,,, might buy back if it drops.... got any other pharma stocks you looking at :)

[max_boost]

Originally posted by in*10*se
in at HEB @ .75 out of HEB at 2.43 and gone from long HEB to shorting it.

pick your coin flip... HEB will either go up w/ FDA approval or fall flat again.

I have a 75% feeling in favor of rejection by FDA... just my 2 cents. but if you really think long.... then all the best :) cause we're betting against each other

Nicely done. :bigpimp: That was a bumpy ride from $0.75 to $2.43 though. :thumbsup:

[Kimchee]

i took a hit on UUU today....closed at $1.82....anyone have any info on whats goin on in kazakh?

hopefully some good news will come out later this week!

[davidI]

Originally posted by Kimchee
i took a hit on UUU today....closed at $1.82....anyone have any info on whats goin on in kazakh?

hopefully some good news will come out later this week!

I'd say it will take months for good news (likely come from legal proceedings) or weeks for bad news (gov't seizes assets etc.).

I still think there's a lot of risk there, personally!

[in*10*se]

Originally posted by Dinan


got any other pharma stocks you looking at :)



still working on it... :dunno:
the HEB was more of a follow the hype train... thats why i'm out...i didn't do enough research on it before jumping in... just knew that their drug was up for approval... i typically ride the stocks right before approval and flip a coin (so to speak after researching shit) and either keep going long or short it... its not hard to find out when lots of pharm companies are waiting on FD&A approvals...

i have a nice section in my portfolio of betting the wrong way..... ahh well... tis is life...

[SilverRex]

ok let see how those pattern played out. As I was mention after market closed the US dolla index looks like it was forming a desending wedge and sure enough this indicated a nearterm bottom and once it broke out to the upside, USD went up against all major currency which also includes gold and oil.

looking at the chart its quickly put in a double bottom around 78.30 and now testing around 79. A clear breakout above this would push the index back towards its descending trend channel (in purple) if this happens gold and oil will have further to fall.

but, if 79 holds up it CAN still produce a larger descending wedge that points towards its last major support at around 77.7. So its the recent weakness in the US dollar is definately near a bottom if not already put in.

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

and because of the strength of the US dollar, oil has to started to come down. you just have to be patient as oil needs to trace out the bottom half of the trend channel which right now is around 64-65, could a similar side way grind happen just like a few weeks ago? that eventually lead to oil testing the bottom half of the channel? it will take time to unfold.

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

finally gold has started to show more sell pressure as it put in a double top around 988 a break below 968 would quickly push gold towards its next stop at around 960, as you can see in red lines, gold is in a sharper up channel. real retracement wont begin until gold actually breaks below this and I expect it to do so which will offer us target in the 940 and 935 area. I have already exited all my paper position and can only hope to get long once again if prices makes it to those level.

all in all the us dollar is ready to regain some momentum, both oil and gold needs to fall further.

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

[Dinan]

come on US dollar.... what do you think it will reach before or IF it drops again??


i want to buy some HNU or GAS, which is better? for the long run...