Official Short-term Investments Thread

[bigbadboss101]

Originally posted by Dinan
what happened to NG, it was up nicely pre-market then it just tanked....

HNU always take a dip in the morning and then turn higher.

[997TT]

http://online.wsj.com/article/BT-CO-20090610-708011.html

"The market was surprised," said Morgan Downey trader at Standard Chartered. "We are going to $90 dollars before OPEC opens the spigots."

Is it too late to buy HOU? lol

[SilverRex]

caution is advise for the market, oil and gold.

as posted this early morning, gold got rejected at the 965 as I mention and now looking to test 943 again. If you ask me I have to give a bearish view (i am long gold but short term its bearish imo)

why? look at this, gold is close to forming a large H&S pattern with a break below 941 will target 900 area. Remember the 902 break out a while back when all of this rally started? If I was a betting man I will think of going long at around 900 if this pattern plays out technically.

similar pattern is forming on the US dollar index a larger reverse H&S that will target some where in the 84 range and from my EW friend source, US dollar is suppose to make a come back here going forward. So as a bias its short oil, short euro, short gold and perhaps even equity for a the next few weeks. The only question is, has the US dollar bottom or does it still wants to test 77.7

Gold's important support is again at 943, 928 and 913, they will offer good swing trades if one is to take upon them.

yes anything can happen and the US dollar could suddenly break down, so in order for that to work we need gold to beat above 965 and the dollar index to break below 79.50 to wash out the H&S reversal.
http://i278.photobucket.com/albums/kk118/genmaster/HS-1.jpg

[Dinan]

^^^^ so that goes for NG too?


still holding HNU?

[DRKM]

Traded some HNU this morning but is starting a sideways trend... For a while oil and NG seemed to be moving together.

If oil is to go to $90 then there is tons of time to buy into HOU. Think about it that would be like a 15% move in Oil. 30% move in HOU.

Who could ask for more than that?

[SilverRex]

Originally posted by Dinan
^^^^ so that goes for NG too?


still holding HNU?

yes im holding

also gold's price breaking will tell us if this correction is real or fake. gold above 965 = market, oil all will make a new high. gold below 941 = break down H&S pattern that means US dollar rally is real and market is ready to take a back seat.

[Dinan]

Originally posted by SilverRex


yes im holding

also gold's price breaking will tell us if this correction is real or fake. gold above 965 = market, oil all will make a new high. gold below 941 = break down H&S pattern that means US dollar rally is real and market is ready to take a back seat.

so in that case NG will go lower too, or since it's near the bottom it shouldn't that much ?

[DRKM]

Woof. NG taking a mild shit...

[Dinan]

unfortunately... the only thing thats holding up is OIL... :nut:

[SilverRex]

Originally posted by Dinan


so in that case NG will go lower too, or since it's near the bottom it shouldn't that much ?

well if the market takes a tanker and US dollar rises alot I would imagine we will see a double bottom in NG of not slightly lower. however NG's been in its own funk even when the market started to rally back in march, therefore you cannot expect it to move with the market every day.

NG is in the process of bottoming out and if you read the chart in the LT thread you will see that it is way under performing to NG shares and in such something has to give, NG shares will drop and I think NG will rise and meet somewhere in the middle.

if your picky, only be concern if it breaks below 3.55 otherwise im holding it until it overshoots 4 dollar

[Dinan]

so you wait for 4$ NG to get out, not holding any long?

[max_boost]

I set a stop for UUU earlier and got stopped out at break even. Debating if I should re-enter right now. $2.73 lol

[997TT]

so my next loser play of the day is PPHM

saw it on the HEB boards and read a few of their recent news releases and decided why not. I'm trying to buy another watch so a 200%+ gainer is just what the doc ordered.

pretty much how HEB unfolded ... well not the 200%+ gainer part.
actually close to a 15% loss ... lol

[bigbadboss101]

I got PPHM at .80 and sold some today at 0.965. Still have a few shares.

[Dinan]

ADLS is looking good tooo!

[Dinan]

wow, whats going on with OPC.... i can't seem to find any news on it,,, the only think is that they might sell some more share, which is bad.....could this be a pump do get out before that happens?:dunno:

[Proyecto2000]

I was just wondering about Opti myself Dinan. maybe I should cancel my sell order and wait to see what is going on.

[Dinan]

what do you have a sell at?? i'm so tempted to sell too, ppl on google say that they might sell shares at 2$ :dunno:

[Proyecto2000]

i had sell order at $3.60. bumped it up to $4.00 just incase something "major" is going on. If its all just smoke then w/e I can always hold longer. However the 50 cent increase in 1 day is huge and volume is over 7 million. :clap:

[Proyecto2000]

opti finished pretty damn good today in my opinion.

$3.37 +0.48 16.61%
volume - 9.1mill

[Dinan]

sure did, but i got out near the end.... goodluck to you!


your most likely good, since i tend to sell right before a run up.... :rofl:

[Proyecto2000]

alot of crazy rumours floating on stockhouse about Opti. I wonder if they are true becuase if they are that will be awsome. :bigpimp:

[SilverRex]

quick update after looking at the US dollar index right now. while I expected it to rally back above 80 and so it did, however it is now smack in the middle of two very important resistance and support.

looking at the chart, the dollar advance was stopped its tracks right at around 4 (that is right) FOUR resistance lines.

1 down trend line
1 up trend line that was broken and became resistance
a slightly elevated horizontal neck line
plus a 61.8% retreacement level that if the recent swoon from 81.4 to about 79.50 is real and not counter trend corrective. Then price must stay below this

while it over shot the 61.8% but it did get rejected and re-close below all 4 resistance levels.

so now we have a upper green line and bottom. Currently its right in the middle. I would have to say a break out to either side will set the direction of the market in the next few weeks. Getting above the green line will confirm the recent up move in the US dollar as the new trend and will soon put the reverse head and shoulder pattern to fruitation once it gets above 81.4 This will of course bring the stock market down as well as oil and gold.

but

if it gets below 79.40 and stays below it for a day or two, then it will take away the reversal H&S pattern and technically looks to either going for a double bottom or potentially to the last major support at 77.7 if this happens, it will send stocks to a final high this summer along oil in the 75-80 range as well as pushing gold back to 990 and a chance to test 1000 before the real consolidation phrase begins (according to a cycle expert) to bottom around 3rd week of July.

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

[Dinan]

Will see what happens today. Looks like I failed again lol


Originally posted by Proyecto2000
alot of crazy rumours floating on stockhouse about Opti. I wonder if they are true becuase if they are that will be awsome. :bigpimp:

[e36bmw///]

nm

[KRZY403]

Originally posted by e36bmw///
wtf is with oil
why is it still rising

my thoughts exactly..:banghead:

[997TT]

Man, i'm so glad i dumped HEB at $3. what a pos pump and dump.

now i've moved onto another pos pump and dump i'm much happier
lol...

c'mon PPHM lets see some action.

[civic_rida]

Wow oil just keeps going up n up n up

[Dinan]

come on NG!!!!! :thumbsup:

[997TT]

HNU $6.24 baby

weeeeeeee

here comes that mfkn watch!!!!1

[bigbadboss101]

Yes, HNU and HOU :thumbsup:

Is it good time to get some gold? I am thinking YRI or HGU.


PPHM moves around quite a bit. Fun to watch. Made some $ on this one. Sold half my position yesterday but might either sell the other half or buy more if price drop.

HEB dropping. Did that a few times before and propped back up. This time might be different??

[Dinan]

hahhahahahha,

whens the time to sell

[skandalouz_08]

Originally posted by 997TT
HNU $6.24 baby

weeeeeeee

here comes that mfkn watch!!!!1


Whatcha been smokin? its at $6 right now, or are you predicting the future?

[997TT]

^ are you getting quotes from a delayed site.

lol

Cause i'm showing $6.31

everything just happened in the last 10 min so if your 15 min delayed ya you'll see $6.

I smoke a lot of things by the way....and love every minute of it.

SR, you da man....

[SilverRex]

quick update, a little scary this morning as gold was dipping close to 941 and the US dollar was making another advance. however thankfully, it got rejected by the new down trend line established yesterday

and in such is dropping like a brick

big key is if it can crack 79.50 but so far it does feel like its about to break down

gold has bounced off 943 (the support ive been saying for weeks) as it continues to provide support, silver is right up against its down trend line.

oil to everyone's surprise just wont quit. the funny thing about it is, even when the US dollar rises, oil refused to drop is this a signal that the market is ready to make a new high? if so, then the US dollar has to come down further, gold will get to 970.

lets go gold, NG

update: silver has broken its down trend line , euro is right up against its own pending a breakout, gold is underperforming to say the least

[skandalouz_08]

Originally posted by 997TT
^ are you getting quotes from a delayed site.

lol

Cause i'm showing $6.31

everything just happened in the last 10 min so if your 15 min delayed ya you'll see $6.

I smoke a lot of things by the way....and love every minute of it.

SR, you da man....


Haha edit, definitely looked on like 5 different delayed sites, then went to enter a sell order and realized I was that delayed. My bad

What sites do you guys use to watch that are live? I normally just watch the delayed quotes on my cell that I have set up, but that's obviously not the best way.

[Dinan]

there goes HNU back down....



........ and now it's creeping back up, what else is new....:nut:

[KRZY403]

sold hnu at 6.21

hopefully goes down to 5.89 again!

[bigbadboss101]

That HNU moves fast. Start of day was down and I put a sell at 6.15, which was at the time 0.20 away. Then within minutes my order filled and it got up to 6.37.

Fun to trade for sure if you on the right end :-)

[Z_Fan]

997TT I sold my HEB too at a $1.9k loss. :poosie:

FUCK.

But I have no faith in it which is why I bailed. I'm glad I didn't put a tonne of money in to it. Anyhow so now should be right about the time where they make the announcement that it is a miracle drug and the stock goes 5x in one day!

:rolleyes:

[Dinan]

Originally posted by Z_Fan
997TT I sold my HEB too at a $1.9k loss. :poosie:

FUCK.

But I have no faith in it which is why I bailed. I'm glad I didn't put a tonne of money in to it. Anyhow so now should be right about the time where they make the announcement that it is a miracle drug and the stock goes 5x in one day!

:rolleyes:

i know that feeling. whats going on with that stock? still no news from FDA.....

[KRZY403]

the hell... oil around 72.72 now.... when is it coming down!?!?

[Dinan]

who is still holding HNU ???? :D

[997TT]

HOU now trades higher than HOD. remember those HOD to $60 days Max.

HNU on fire....lets take this bad boy to $7

[tylere]

Crap I just sold HNU at 6.40... Should have waited a few more mins

[Red@8]

I am still holding HNU.

SR, do you still see NG hitting $4 in the short term?

[Dinan]

Originally posted by Red@8
I am still holding HNU.

SR, do you still see NG hitting $4 in the short term?


it's getting close to there... that's what i'm going with, lets see what SR has to say..... :D

[Z_Fan]

LOL I sold my HNU too early as well. Way too early. $6.24. Oh well. Today was full of mistakes. Sold HNU early, sold HEB at near day low, flopped on HGU to HGD this morning. Ugh!

[997TT]

$6.63 lets go Nat gas.

SR when you selling?

[Dinan]

3.945 ...... where is our T/A master "SR" :D

[SilverRex]

im still holding NG

nearest resistance is at 3.98 its around 3.85 I believe. so if that is the case HNU should breifly pass 7 dollars.

edit: wait my bad took the wrong quote, NG is at 3.94, nearest resistance is at 3.98

I'm going to take my 14% profit

[Dinan]

nymexdatardc.cmegroup.com says it's 3.93 now.....

i guess it's good to take some profit at 3.98 and get back in on the dip.....

[djayz]

Sold half my position in HNU at 6.60, other half has a sell order at 6.80 if not 6.80 by days end ill be out at 6.60.

NG is having a good day but not sure if it will flood into tomorrow so might not see any real action until monday.

edit: Damn just jumped to 6.75 then 6.80 all positions emptied out haha.

[SilverRex]

ok so the current US dollar index touched 79.52 to the penny tak about getting close to a break down.

it has broken down its near up trend line, and the only thing holding it back is the 79.5 retracement support which imo MUST hold if this dollar rally has legs other wise watch out because a break below will sent stocks, oil, and gold higher I guess that would include NG as well.

if I am a gambler I would hold NG simply because it is ready to break out over 4 dollars. But I'm out as I a 10-15% profit type of guy
:D

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

[djayz]

Originally posted by SilverRex
[B]

if I am a gambler I would hold NG simply because it is ready to break out over 4 dollars. But I'm out as I a 10-15% profit type of guy
:D


NG currently flirting alot at 4.00 :o

[997TT]

I'm showing $4.045

HNU at $6.78.

[Dinan]

im all out tooo.......and it does a nice pop right after :dunno: :nut:


was a fun ride ....

[997TT]

$6.93

i can't work today ... total writeoff.

staring at my streamer and get pissed when someone interupts me.
haha ..hope i dont' get fired

edit: out at $6.88
what a ride.

props to you SR.

[Red@8]

I'm all out of HNU at $6.78. Thanks SR!

[Dinan]

i'm all out at 6.70..... thanks SR!!!!!

[SilverRex]

as I mention if the US dollar index DOES break down it will send everything higher and I think NG may break out. I think if NG has slowly coming down after touching the high 4.06, this may be the down trend line intersecting.

something tells me if the US dollar index does break down and going after a double bottom at 78.3 or even the last standing support at 77.7 then NG could see a pop in the upside potential to 5 dollars based on price projection. 3.25 low to 4.57 high, 3.50 low to 4.82, phuck that is like 9.62 for HNU

all eyes on US dollar index, if it breaks down below 79.50 and stays there im going to look for a pull back and buy HNU again

[civic_rida]

So is that why oil is up cause of the u.s. dollar going down?

[max_boost]

OMFG!

HOU > HOD

WHAT?! hahaha

What now? Wait for HNU pullback?

[Dinan]

^^ that's the plan....it would be nice to see it under 6 again, but who knows

[KRZY403]

i will listen to sr from now on. so pissed off that i sold early at 6.21

[max_boost]

I sold out of HOU yesterday and it gapped up AGAIN today. :cry:

What's the chart on oil? Is there even resistance anymore? Looks like the Saudi's are going to their $75 oil lol

[SilverRex]

NH at 3.98, remember the previous resistance is at 3.98? since it got over it and now back to it 3.73 HNU, im going to get back in with a 5% stop and see if the US dollar break down below 79.50 is real or fake. obiously if its fake, then every top we saw today will be a top and price will fall

but if the break out is real, I anticipate a huge up move across all sectors. do or die

edit: this could be bad move on my behalf lol but im merely using some of my gains for some fun play predict the breakout.

if I was the US gov, I would do antthing from a US dollar break down so maybe not today?

[PureDeXteritY]

Can anyone point me in the right direction on learning more about HOD HOU HNU and reading some of the charts that SilverRex posts?
I get the basis of when HOD and HOU, but I'd like to learn more before I really get into it.
I've been playing with stocks lately but not really anything Oil.
I'm guessing there's a quick tutorial in this thread somewhere but 699 pages is a lot to look though.

Thanks

[max_boost]

It tracks index on the NYMEX and offers 2X the daily returns so if oil is up 5%, HOU returns 10% etc.

[max_boost]

Nat gas starting to lose some momentum? :D

[Dinan]

Originally posted by SilverRex
NH at 3.98, remember the previous resistance is at 3.98? since it got over it and now back to it 3.73 HNU, im going to get back in with a 5% stop and see if the US dollar break down below 79.50 is real or fake. obiously if its fake, then every top we saw today will be a top and price will fall

but if the break out is real, I anticipate a huge up move across all sectors. do or die

edit: this could be bad move on my behalf lol but im merely using some of my gains for some fun play predict the breakout.

if I was the US gov, I would do antthing from a US dollar break down so maybe not today?


are you still in ?

[civic_rida]

Next week we'll see Sam in a new car from all the money he has made this week.

[max_boost]

SR should still be in, didn't hit his stop loss yet.

I am making some money but I don't have the balls like I did a few months ago since I'm not throwing anywhere near the amount of money into the HOU/HNU's like I did back a few months ago lol

[KRZY403]

anyone know why you can't make stop orders on questrade? i get message that says i can't place stop orders for canadian exchanges

[997TT]

Originally posted by max_boost
SR should still be in, didn't hit his stop loss yet.

I am making some money but I don't have the balls like I did a few months ago since I'm not throwing anywhere near the amount of money into the HOU/HNU's like I did back a few months ago lol

my motto is if you don't succeed throw more money at it ... i need to scale back some of my investments. Its seriously getting out of hand when i think about how much i'm actually investing.

Back into HNU on SR word. Lets get over $4 so i can flip for a quick gain.

[Chandler_Racing]

Exited HNU.TO at 6.74

About to enter HOD.TO at 10.70

[max_boost]

Originally posted by 997TT


my motto is if you don't succeed throw more money at it ... i need to scale back some of my investments. Its seriously getting out of hand when i think about how much i'm actually investing.

Back into HNU on SR word. Lets get over $4 so i can flip for a quick gain.

haha I completely changed my investing strategy when I realized how dangerous my method was. It was virtually all or nothing lol so now I am taking it easy when it comes to high risk.


Originally posted by Chandler_Racing
Exited HNU.TO at 6.74

About to enter HOD.TO at 10.70

Good luck. Don't fight the force. :eek:

[KleanCord]

I need more bears out here. It seems they are hard to come by nowadays which is a shame because I am just starting to think that this rally is overblown. Try looking around for a fair deal on a stock that isn't retail, utilities, air planes, or steel and you have very slim options.

The canadian banks are trading like nothing ever happened and as good as their fiscal management is, there are very good reasons to be concerned.

Oil is going nuts, and although I was bullish the entire way up, the way that it has not taken any pause on the way has me suddenly bearish on the whole deal. It is at July 2007 levels with 9.5% unemployment. Oil at this rate will recripple the economy and gasoline will really hamper any spending power the consumer was given by lowered interest rates.

Although I have always been vocal on my bullish tendencies right now I am really starting to not like what is going on. (except for nat gas that is)

[Dinan]

I was out and couldn't get back in HNU, hope it's not to late tomorrow

[Rat Fink]

.

[SilverRex]

Originally posted by KleanCord
I need more bears out here. It seems they are hard to come by nowadays which is a shame because I am just starting to think that this rally is overblown. Try looking around for a fair deal on a stock that isn't retail, utilities, air planes, or steel and you have very slim options.

The canadian banks are trading like nothing ever happened and as good as their fiscal management is, there are very good reasons to be concerned.

Oil is going nuts, and although I was bullish the entire way up, the way that it has not taken any pause on the way has me suddenly bearish on the whole deal. It is at July 2007 levels with 9.5% unemployment. Oil at this rate will recripple the economy and gasoline will really hamper any spending power the consumer was given by lowered interest rates.

Although I have always been vocal on my bullish tendencies right now I am really starting to not like what is going on. (except for nat gas that is)

dun worry it will come, as soon as the US dollar truely bottoms and begins a up trend you will see everything sell off

[Chandler_Racing]

Originally posted by max_boost
Good luck. Don't fight the force. :eek: [/B]

The trend is your friend - until the end.

There was a discussion on BNN today, were someone predicted $72-73 oil when everyone had an extremely bearish outlook. He has since revised his position now that it was realized and felt that oil was progressively going to head back to $35/ barrel in the next six months and potentially as low as $25.

I might not share the same level of pessimism as he has, but oil is definitely on its last legs. It has no support at these levels and no one can rationally explain the current price.

[Canmorite]

Just checking in on page 700 :thumbsup:

[Dinan]

So SR, some of us that didn't get back in HNU today, what price should we look to get into with a stop loss of?

Thanks

[ballah]

where is the TSX goin this month? any predictions??

i can t believe how high it is right now...

[SilverRex]

Originally posted by Dinan
So SR, some of us that didn't get back in HNU today, what price should we look to get into with a stop loss of?

Thanks

Dont get to exited,

Looks like it was a false break down fo the US dollar which got me too excited early and jumped the gun. it did not sustain it and quickly it get back above 79.50 and now that it closed above it again it has made an advance all the way back to the top of the down trend line and the key is this morning it broke and reclose above it. now there could be some pull back to the 80 area as there will be resistance offered at about 80.30 as well as around 80.60 but if my chart is telling me correctly, direction has favored to the upside. That is not to say the market could suddenly collasp because it could very well move little but when the dollar drops the market continues heading north. But as each day it goes by the more it is showing the US dollar has strength, this will put pressure on gold as gold is getting close to its 943 bottom yet again a break below this will set off alarms easily to low 900s area over time.

as far as how NG will play out, use tight stops because if the market is about to give away, NG could very well still have a chance to see a lower price. In which then I'll load up again if my stops are taking out for yesterday.
http://i278.photobucket.com/albums/kk118/genmaster/dollarz.jpg

[Dinan]

So you think it will get under 6 again?

[SilverRex]

^ a good chance if the direction of the US dollar plays out

[Dinan]

so i guess it's going to hit your stop loss at the open?

NG is down .12cents, another 10cents is goo entry ..... should bring it under 6$

[KleanCord]

Originally posted by SilverRex


dun worry it will come, as soon as the US dollar truely bottoms and begins a up trend you will see everything sell off

I guess the interesting thing is going to be if it is a broad based market sell off or is this a more rational one (if it happens of course).

I would have to guess financials, oil and gas, copper and miners, etc head lower. I am not sure if consumer stocks would reverse course.

I can't remember the rule but when Gold outperforms gold stocks is that bullish or bearish for gold? Same thing has been going on in oil right now.

[civic_rida]

Anyone know what hod is going to open up at?

[eljefe]

^^^ 11.01

[civic_rida]

wow that sucks

[eljefe]

Originally posted by civic_rida
wow that sucks

11.08 now

[e36bmw///]

nm

[Rat Fink]

.

[SilverRex]

Originally posted by KleanCord


I guess the interesting thing is going to be if it is a broad based market sell off or is this a more rational one (if it happens of course).

I would have to guess financials, oil and gas, copper and miners, etc head lower. I am not sure if consumer stocks would reverse course.

I can't remember the rule but when Gold outperforms gold stocks is that bullish or bearish for gold? Same thing has been going on in oil right now.

I know for sure when gold shares out performs gold, its bullish for gold so I guess the opposite happens and its a matter of time when it catches up.

The only thing special about gold is that will it play out as a safe haven vehicle similar to what we saw in the 1st two month of year as both the US dollar and gold rises in sync to each other. Or will it be unable to avoid another deflationary scare that would take it down significantly. All chart seems to line up that gold is about to make a large move once the consolidation and retracement is complete. However what bothers me is I have find a good source that uses very acurate and sharp EW count update and is telling me that the entire market is close if not is right at a top and is about to sell off significantly. This guys EW count suggest oil is in a counter trend correction and once it resumes, down side target is 10 dollar abarrel, and gold at 650. Obviously this is calling for a new low on the euro and a new high in the Us dollar. which is scary, because the only way this could happen is we are truely in a deflationary enviorment.

either way the market is due for a pull back so the best strategy is not to be in it, this is the worse place to get stuck going long

[sputnik]

Oil seems to be making a recovery from being down almost $2 this morning.

[bigbadboss101]

Hey 997TT, you have to thank me for selling PPHM. Seconds after I sold it at 0.909 and 0.929 it's now at 0.96 :-)

[Dinan]

wow, NG is on a move up, i hope it didn't hit your stop SR.......