Official Short-term Investments Thread

[Dinan]

Originally posted by aklalani
yea 30000 shares. was stuck in hou with about 24000 shares but got out at 10.65 for a healthy profit :)

avg price on HNU is now $5.59

damn man! thats alot of cash there.. good that you have the balls:D




ahhhh i jumped the gun on this one in the morning....

[tylere]

oh HNU so tempted to buy some more and average down...

[djayz]

Originally posted by Dinan
^^^ you mean $30k worth of shares or 30k shares....



next buy when SR says, cause every time i buy it keeps on dropping:nut: lol

i think will wait for 3.5 NG for the next buy....:dunno:

WOW:eek: we are officially under 5$ :eek:

He did say to buy around the $6 level, or did he just say that he was buying in around there?



Originally posted by aklalani
yea 30000 shares. was stuck in hou with about 24000 shares but got out at 10.65 for a healthy profit :)

avg price on HNU is now $5.59

You're baller but at the same time I feel sorry for you haha 30k shares you must be down alot of money right now. I hope thats a typo.

I'm sitting in at $6 as well and will pick up more if it goes under 4.80

Good luck to all the bag holders :D

[Inzane]

I just picked up 1000 of HNU on tuesday at 5.57. It's amazing how quickly $500+ can evaporate. :(

I dumped my HOD this morning at 12.70. I just don't have the nerve to play oil at this moment. :nut:

[aklalani]

Originally posted by djayz


He did say to buy around the $6 level, or did he just say that he was buying in around there?




You're baller but at the same time I feel sorry for you haha 30k shares you must be down alot of money right now. I hope thats a typo.

I'm sitting in at $6 as well and will pick up more if it goes under 4.80

Good luck to all the bag holders :D

it will eventually turn around and we will all profit. just gota hope!

[Chandler_Racing]

I've averaged down on HNU twice today.


Sitting at an average cost of 5.48


Hoping for a rebound, but not sure I will average down again in the event it heads further south.

[Dinan]

i averaged down too, bought some more at 5.26, thought it was a good price at the time, it was untill it broke through the support, i should have sold when it hit 3.79, had a feeling it wouldn't brake that resistance... oh well... looks like i'll be fulling up the bag more lol... waiting for SR's update when to buy more:thumbsup:

[max_boost]

Originally posted by davidI
The best thing about this forum is that we win together and we lose together...

Bad Boys For Life :rofl:

Yep. BOHICA!

:eek:

[guessboi]

damn I going to average down HNU very soon since it broke the support.

[997TT]

I don't know if i should jump aboard the submarine with you guys or not....

i always lose money on Nat Gas....could this be another hou from spring time when i lost $17k.

what to do....what to do.

[aklalani]

Originally posted by 997TT
I don't know if i should jump aboard the submarine with you guys or not....

i always lose money on Nat Gas....could this be another hou from spring time when i lost $17k.

what to do....what to do.

i say buy up buddy. below $5.

[Dinan]

Originally posted by 997TT
I don't know if i should jump aboard the submarine with you guys or not....

i always lose money on Nat Gas....could this be another hou from spring time when i lost $17k.

what to do....what to do.

buy guy, this is not like hou, NG is near the bottom, shit i hope so lol

where did the gambler in you go hehehehe....:poosie: :D

[Z_Fan]

Yikes on HNU. Was going to sell at open this morning and I sure as fawk should have. Taken that loss and called it a day.

Well, cuz I'm a glutten for punishment, I just doubled my position and now hold more shares of HNU than I have ever owned at once before. :nut:

Sure hope it's close to bottom...

[Vanish3d]

if evreyone just gives me $200 each, I'll jump into HND and then HNU is GUARANTEED to go up....

anything I touch seems to tank.

200 each sounds fair to protect your multi-thousand dollar investments, no?

[997TT]

Originally posted by aklalani


i say buy up buddy. below $5.

In 4k at $5 :facepalm:

couldnt let you guys have all the fun i guess.

[KRZY403]

and now we wait....:bigpimp:

[Red@8]

Just averaged down and doubled my position.

[Z_Fan]

You know, for how long we've been wishing HNU to go up, we could have just been buying the stock that *IS* going up. You know, HND. ;)

[Vanish3d]

Originally posted by Z_Fan
You know, for how long we've been wishing HNU to go up, we could have just been buying the stock that *IS* going up. You know, HND. ;)

well lets all hope that its TOO LATE for that now... cuz i dont want to see HND go up any more...

[Dinan]

lets see if NG will drop to 3.5..... hope it does and shots up after :)


so that will make HNU go down to 4.60 -4.70 ?

[KRZY403]

Originally posted by Dinan
lets see if NG will drop to 3.5..... hope it does and shots up after :)


so that will make HNU go down to 4.60 -4.70 ?

I sure hope not!

[Dinan]

Originally posted by KRZY403


I sure hope not!

to buy some more:drama:

[Rarasaurus]

Originally posted by Dinan
lets see if NG will drop to 3.5..... hope it does and shots up after :)


so that will make HNU go down to 4.60 -4.70 ?

Why hope it goes down further? Let it shoot up now!

[Dinan]

Originally posted by Rarasaurus


Why hope it goes down further? Let it shoot up now!

well for three reasons... one to buy some more.. and second it's good support, so if it bounces off that it might be stronger and head higher... and third, when you believe in a stock you would want to it go lower to load up :)

lets see what SR says :thumbsup:

[guessboi]

SR FTW! need more technical analysis. :clap:

[cosmok]

About 30% of my HOD sold at 12.75 :facepalm:. Should have set the sell order for longer than today.

[aklalani]

nat gas up 6 cents overnight. :D

[SilverRex]

ok friday. US market closed so I dont expect too much going on as in breaking new levels

lets look at oil, so far oil as played out, it was quite painful to watch when oil was shooting higher, but again thankfully we got the bias right and eventually it had no where to go but down. it met my initial target at 67 now the 66-67 support is holding and with oversold condition. oil SHOULD retrace back up to take a breather before going down again why is this? well look at DOW as I I said our key support is 8250, it got to 8280, so we are pretty darn close to a wave of collasp, while everyone still thinks DOW has legs and unless 8250 breaks, they wont think short well, the short has already happen when it cant break above 8600, breaking below 8250 DOW is confirming the hns pattern that will target 7600 I suggest it would be good time to start picking up broad base equities by then

so now oil at 69-70 will be a very heavy resistance in such I expect and hope for oil to climb back and test the break down area at around 68.5-70.50 and begin shorting again for next target at around 65 but I dont think 65 will hold too long so I would shoot for 63-64 area as the next major swing point.

of course if you notice on the chart oil has broken below a slight rising up trend line, tested it and unable to get above and still down under, well there is that slight chance oil can still continue to pushed down to 65 first then pull back but I would view this as simply marking a divergence. again lets be patient, if we want to short we want to short along side the best price possible and currently near 69-70 is the best place to open a short position and just like any market, it tends to want to test its break out or break down point so lets see if that will come to play.


http://i278.photobucket.com/albums/kk118/genmaster/oil070309.jpg

now for gold, the 941-943 area that I suggest for many and many days continue to provide resistance. Imagine you got the gut to short every time it got near it, you would have been right on. Nothing much has changed for gold, the 940s continue to provide the heaviest resistance, there fore I can only comment that if price ever got to that pt again, its a shorting opportunity. but looking at the chart there is something else happening, an uptrend line meeting a down trend line both in purple. I guess this will determind gold's next move breaking either side should strength its own direction. While I dont expect gold to break pass 945, I do see potentially a worse case scenario that gold if it has enough strength to (worse case scenario) poke its head to 950-960 but I think that will be the worse case. over all trend is still down and I fully expect once the up purple trend line breaks down next area it will test 913 then hit my target 890-900 before the next major swing pt. why 890-900? because the head and shoulder again, yes there are so many showing up on these charts these days, but they are powerful indeed. the 991-941 hns pattern break down = target 941-50 which is 891. so that is where I will lay my eyes in attamp to catch some up swing.

http://i278.photobucket.com/albums/kk118/genmaster/gold070309.jpg

finally lets look at the US dollar index, as expected I said a day ago or two that it will eventually rise and test the down trendline. and so it met it to precision. I'm amazed myself really. so what is next. I still think ultimate advantage will be a win for the dollar when it breaks that down trend line it will just keep shooting higher and higher, because it has been consolidating for so long grinding down lower and lower forming some sort of flag or penant pattern denote in red up and bottom channel.

it is getting close to a break out soon, but I do feel we are not ready yet, hence when the it comes down again, that would mean oil, gold and stocks possibly will make another move back up which is good imo, because that is where we will pick the right direction and go short. its hard to pin point where the US dollar index may pull back but the good thing is it looks like a mini yet again hns top yes get use to thise pattern its just too good to be true, the 80.15-80.60 = 0.45 so if it breaks down below 80.15, Id say it should at least get back down to 79.70. However right now the nearest support at round 79.70 is actually at 79.55, so I will not be surprise it can get there but first it must break below 80.15 once it does, I expect it to find a bottom somewhere between the 79.20-79.70 area. why 79.20 that low? well look again at the upper and bottom red trend channel, my bias is still up even if it somehow drops that low again, just because that is what it has been doing in the last two weeks, but the end result? up.

http://i278.photobucket.com/albums/kk118/genmaster/dollar070309.jpg

for NG yes after market is up a bit, but again ever since it broke down below 3.87, I knew it wasnt looking pretty. try to make an exit if your still holding when it rallies, currently nearterm support is heavy at 3.50s

[Dinan]

thanks SR!!


so the next buy would be at 3.5 for a quick trade not for long.... till then try and get out on a rally?

is your exit target still 4.50 Ng ?? OR is that too much from how thinks are looking?

[SilverRex]

Originally posted by Dinan
thanks SR!!


so the next buy would be at 3.5 for a quick trade not for long.... till then try and get out on a rally?

is your exit target still 4.50 Ng ?? OR is that too much from how thinks are looking?

when 3.87 was holding the uptrend was clearly in place to push NG to 4.50 however ever since it broke the uptrenline and couple that with the fact the market is in retreat mode. I think the bias has to be bearish, that is not to say there isnt any swing pt or rally. but I think breaking that uptrendline dashed any hope that NG will break pass 4.57 any time soon. The general feeling is a retest of 3.25-3.30

[Dinan]

Originally posted by SilverRex


when 3.87 was holding the uptrend was clearly in place to push NG to 4.50 however ever since it broke the uptrenline and couple that with the fact the market is in retreat mode. I think the bias has to be bearish, that is not to say there isnt any swing pt or rally. but I think breaking that uptrendline dashed any hope that NG will break pass 4.57 any time soon. The general feeling is a retest of 3.25-3.30

so i guess 4.50 is a long shot then, maybe 4$ seems better... so where would your next buy be? at 3.5 for a bounce off the support and then wait to break 3.5 and get in around 3.3 for long?

i'm sure it will be a while for us to see 3.30, but the way it's moving down you never know, lol


damn i remember when you posted those charts how oil played out and how ng was going to fallow suit, i guess it's happening! :thumbsup:

[SilverRex]

Originally posted by Dinan


so i guess 4.50 is a long shot then, maybe 4$ seems better... so where would your next buy be? at 3.5 for a bounce off the support and then wait to break 3.5 and get in around 3.3 for long?

i'm sure it will be a while for us to see 3.30, but the way it's moving down you never know, lol


damn i remember when you posted those charts how oil played out and how ng was going to fallow suit, i guess it's happening! :thumbsup:

yeah I was expecting NG to drop when oil started to top out, the last rally to 4.50 kind of throw everyone off, but now that it broke the uptrend at 3.80-3.87, look for this area to become a resistance if we ever get to it.

[Dinan]

Originally posted by SilverRex

yeah I was expecting NG to drop when oil started to top out, the last rally to 4.50 kind of throw everyone off, but now that it broke the uptrend at 3.80-3.87, look for this area to become a resistance if we ever get to it. [/B]

in the short term, right ?


we should get over 5$ in the winter months....is your plan to go long still, or not sure about it anymore?

[SilverRex]

^

3.30 NG is where I want to buy, if one does not worry about holding the bag you can try to open up a position at 3.50s and one at 3.30s I kinda expect oil to bottom somewhere in the 50-60 area when DOW hits under 8000

[Dinan]

Originally posted by SilverRex
^

3.30 NG is where I want to buy, if one does not worry about holding the bag you can try to open up a position at 3.50s and one at 3.30s I kinda expect oil to bottom somewhere in the 50-60 area when DOW hits under 8000


got it....


buying HOU today? it's at the 66$ support.

Thanks!



TCK.B is up 12%, they settled some debt...

[997TT]

Fricking TCK ...

sold HNU at $4.97 ... just not feeling Nat gas right now.

Maybe i'll buy in lower. Maybe i should just buy HND as Z_FAN suggests. it seems to be the only one going up. lol

[cosmok]

Oil's down to $65.5 and HOD to 13.11, guess it's good my order wasn't filled yesterday

[SilverRex]

looks like oil finally got to about 65 (65.40 to be exact), the sharp decline and oversold has me convinced I think we will see a bounce around 65 area. with the new low at around 65, the retracement levels has been revised to about 68.5-69.5

65 would be a good swing trade with tight stop imo I expect oil to rally a bit because the 1 hour, 2 hour 4 hour charts are all over sold and the daily chart is still open downwards. So trend is bearish with a short term pop

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

[Euro_Trash]

HOU time?

[Vanish3d]

fuck it, i just put a sell order at 5.19 for HNU and Im going out

if it hits then im out at a 80 cent/share loss, if it dont hit im riding this boat till winter....

[Dinan]

Originally posted by Vanish3d
fuck it, i just put a sell order at 5.19 for HNU and Im going out

if it hits then im out at a 80 cent/share loss, if it dont hit im riding this boat till winter....

i don't think it will take that long....


anyone getting into HOU?

[guessboi]

I am hanging on to HNU. bought at 5.67. waiting to add in another position next week or so. I am probably holding this till fall. :nut:

[SilverRex]

Originally posted by Dinan


i don't think it will take that long....


anyone getting into HOU?

me either

I think NG is now in a range play 3.5-3.90

[SilverRex]

Originally posted by Vanish3d
fuck it, i just put a sell order at 5.19 for HNU and Im going out

if it hits then im out at a 80 cent/share loss, if it dont hit im riding this boat till winter....

curious why you put 5.19 as an exit price especially you are prepare to ride it till winter?

there is chance that NG can still find its way back to near 3.90 which would be HNU somewhere around 5.7-5.8

[Red@8]

Yeah I will hold on to my large (for me anyway) position of HNU now.

Picked up some HOU today (small position)

[Vanish3d]

Originally posted by SilverRex


curious why you put 5.19 as an exit price especially you are prepare to ride it till winter?

there is chance that NG can still find its way back to near 3.90 which would be HNU somewhere around 5.7-5.8

I just put it at 5.19 for exactly 80 cent loss, no actual reason for that number. I put the order just for today so if it hits I can possibly get into HOU for a quick swing trade.

[tylere]

Given that some of us got burned with HOU after holding for a long time is there much risk to holding HNU for 3-4 months?

[Dinan]

i'm tempted to buy some HOU, what would SR do ? :):D

[riander5]

Can anyone explain what HOU, HNU, and NG is? I tried googling and searching the internet for explanations but I couldn't find any good explanations!

[Rarasaurus]

Hou - ETF for oil betting it will go up. Goes up at 200% what oil does.

HNU - same as above but for natural gas

NG - Natural gas

Hod - Etf for oil betting it will go down. 200% same as above.

[Dinan]

Originally posted by tylere
Given that some of us got burned with HOU after holding for a long time is there much risk to holding HNU for 3-4 months?

it all depends where you entered.... NG is near the bottom so i don't think you will get burned if you can wait...

[DRKM]

Originally posted by Dinan


it all depends where you entered.... NG is near the bottom so i don't think you will get burned if you can wait...

I agree with Dinan on this one. When everyone lost money on HOU was when oil was making the decline to $30. NG at the moment is very close to the bottom. Seriously unless they are going to start giving giving away NG then there is some money to be made.

August is coming with the huricanes and winter is right after that.

Trust me you will regret taking a loss on this then to find out a month from now you could have been up a couple grand.
Almost every loss I hve taken on HOU (5 dollar era after split) I could have just waited and made a very resonable profits.
As a trader you got to think more than just the immediate short term...

As for HOU for the weekend, I am not sure if oil is done plunging is above the below the 40 day MA that is the first time that this has happened in months... Still holding HNU averaged at 5.65 3k shares...

[Dinan]

^^^^ what chart program do you use?

HOU, looks tempting....:dunno:


anyone pulled the trigger...?


looks like HOU was a good buy today...oversold.....
http://i24.photobucket.com/albums/c38/bmw330ci05/sc.png

[troyl]

Some technical analysis and comments on oil.

http://www.resourceinvestor.com/News/2009/7/Pages/Oil-is-on-a-run-but-theres-serious-resistance-to-major-gains-from-here.aspx


Had to pick up a few shares of CLL at 0.89 on friday. They are cash rich now that they have competed their debt and equity financing. Algar project is now moving forward.

[Z_Fan]

Looks like we all sold HOD too soon. It's (Oil) down -$1.65 already. Wonder if it's gonna get a lot worse overnight. Could be the big $4 or $5 day drop that would be the kind of day you'd like to be holding a couple thousand shares of HOD through...

Shit. I wonder what that will mean for natural gas tomorrow. :dunno: At $3.575 now.

[Dinan]

I say we get 3.5 NG and a lil rally from there

[DRKM]

Dinan did you end up buying any HOU? Oil overseas at the moment at $64.90.
I honestly did not expect oil to fall lower than 65. But it truly about time. Nat gas sitting at 3.50. What I found strange about thursday and friday was that oil kept falling even though it was a long weekend coming up. The sell pressure is enormous.

Still glad I sold my HOD though... Even if I could have made an extra thousand dollars...

[max_boost]

Tomorrow is going to a very ugly day. :cry:

[Red@8]

I have HOU and HNU right now.

:facepalm:

I am glad I have an exam in the morning so I wont be around to watch,

[911fever]

oil is going down boys, down

[Z_Fan]

It's so hard to say. Oil back up to $65.18 now. Some days this happens and you wake up and oil is $67.00 so you can never be certain what is going to happen overnight.

But, honestly, I wish to hell I hadn't sold my HOD last week.

Now oil is at $65.40. In the time it took to type and edit this post. LOL. So who knows what tomorrow AM will bring.

[Inzane]

Originally posted by Z_Fan
But, honestly, I wish to hell I hadn't sold my HOD last week.


I know that feeling...

[DRKM]

Originally posted by Z_Fan
It's so hard to say. Oil back up to $65.18 now. Some days this happens and you wake up and oil is $67.00 so you can never be certain what is going to happen overnight.

But, honestly, I wish to hell I hadn't sold my HOD last week.

Now oil is at $65.40. In the time it took to type and edit this post. LOL. So who knows what tomorrow AM will bring.

DOn't regret so much. You made your money be happy. Just think those nigarians could have attacked again and we would have 80 dollar oil and we would all be FUcked.

[Red@8]

I don't know why I looked...

Oil @ $63.XX

[Dinan]

Damnnnn! I'm sooo glad I didn't end up buying HOU! I was soooo close.

It's going to be an ugly day today! Oild down almost 3$ and nat gas dow to 3.41 :(

[SilverRex]

Monday

Anyone had a good weekend, was at stampede with the family and very tired.

anyways this week, lets look at oil. So oil's recent move down was quite powerful, so powerful it went straigth thru many support levels, but am I surprised? no, because our bias is bearish on oil. Meaning any swing trade must be met with tight stop but if you must trade it is always safer to follow the trend and the trend is down. or was down depending on what will happen today.

looking at the chart, oil is in a very sharp slide, when I mention last week that if oil does not over come to 67.30ish peak which was also the trend line channel that it broke, then it will most likely head to 65. While imo 65 should hold but I did suggest it was very weak, and so all of those just gave in that the over all trend is continuing. Now all level charts were oversold and after further lows, it is even more oversold. So we will see just how far it can take before a bounce. To me we are near a major support I mean major not a previous support or rally but a pretty significant one. oil daily 200 EMA is at about 63.6, there is also a 38% fibo at about 62.6, there fore couple with the fact its heavily oversold. I do expect oil to rally somewhere between 62.6-63.6 (this morning we touched 63.4 I believe) so we may have a bottom with a limited 1 dollar slide. If you re call, I said 2 weeks ago that HOD under 11 will look pretty darn good after a few weeks. So whos still holding HOD? haha, again the best strategy was to unload half and let the other half ride the wave to ful fill its target just like when we called bottom on HGU.

so if we ever got into that position again, try it. it works.

Also oil has fulfilled its Head and Shoulder pattern break down by reaching the mid 63s

New low means revised fibo retracement levels (assuming trend continues) new resistance is at about 67, 68.50 and 69.50. I expedct 68.50 which is now the 50% retracement of this recent down move from 73+ will be a good place to short if oil can somehow put in a significant rally. But will it? Not sure but imo I think we will see some sort of bounce this week and reason is the US dollar index chart at the bottom.

http://i278.photobucket.com/albums/kk118/genmaster/oil070609.jpg

Now for gold, remember last week I said gold is stuck in a range and there was a clear upper trend line forming as well as down with the 940 continue to be a very heavy resistance zone. Now I sugguest that if gold was to break either lines that will be the direction and so far after breaking the uptrend line (purple) it has moved on lower, now technically nothing is holding it back to touch 913 again, but because oil is oversold, DOW is at a critical support and the US dollar index is overbought, gold could bounce. So if gold's morning low at around 920 is now taking out, then the bleeding should stop other wise expect 913. Keep in the back of your mind 890-900 is a big support here.

One extra note. a cyclist is calling gold to rally to new high this week. while im not sure about that because that would mean the US dollar has to tank and the market rally and so is oil. But that is not out of the question as many are over sold lately, so there is a chance gold could suddenly make a move and power thru 940. but I think limited upside is about near 960 that is it.

http://i278.photobucket.com/albums/kk118/genmaster/gold070609.jpg

finally the US dollar index. I have been calling for weeks that US dollar will rally but its been quite volatile, but its getting clearer that first confidtion is to test is all important resistance at around 80.90, and while I expect it to retrace but I did say it has to confirm by breaking below 80.15 which it did not, so the run continued and finally this morning we touched near 80.90 which is the final line drawn for US dollar bears, meaning if this level is broken then US will continue to rally higher which will bring gold, stocks and oil down. But will it be today? considering all charts are oversold, I want to expect that it will hold and start to come back down to at least the very minimal touch the trend line that it broke at around 80.55. Who knows if the cyclist's prediction is a 2 week stock/gold rally, then there is the chance US dollar index will collasp yet again. Another source is starting to put in a warning that if the US dollar doesnt break above 80.80 soon, the longer it moves sideways the more this US rally could be corrective and it may be headed lower (meaning not bottomed yet) the bottom will eventually come but perhaps maybe its not now? if so this could be a powerful move back up for gold, oil and stocks. So we will continue to watch the key levels.

http://i278.photobucket.com/albums/kk118/genmaster/dollar070609.jpg

[SilverRex]

also as posted last week, the DOW is on the verge of a HnS break down but to confirm it has to break below 8220 or lets say close below it for a day or two. Then this pattern will target 7600 for starters.

Im going to expect its going to rebound this week because of the oversold conditions across the board. And watch key area 8600, if this level is taking out, and oil takes out 69.50, and gold takes out 960. then perhaps the US dollar bottom is not finished and we could dive slightly lower that will send everything a bit higher, always a possibility again we must watch how price moves the next 2 weeks. Will be very significant

[SilverRex]

looking at NG I guess the same thing the trendline break below 3.80 was more than pwerful enough to send it lower crashing thru all major support. now at 3.409 (or the lowest it touched) there will be heavy activity between 3.25-3.40 simply because there was a small double bottom at 3.25 with a double bottom 1 2 3 break out at around 3.50 so expect some level there to hold today but depending how much people are wanting to get in on NG we could bounce easily on any one level between that range.

remember on my LT chart I posted many weeks back on NG? one of them was a comparison of how it is playing out with oil when oil was bottoming at around 35?

well we could have a repeat here folks meaning. if you look at UNG and USO chart when they were forming the same pattern, USO broke down and headed to 22 before rising to 40

so UNg is finally in the same pattern broke down from its recent up trend line and headed lower UNG bottom is at 13, could dive to 8-11 dollars while NG itself bottom at 3.25

but dont rule out new lows and perphas NG's big day will come when the stock finally bottoms and pushed upward to 9-10k

[Dinan]

^^^

planning on buying HOU today :)


so NG is still the same?(technically speaking)

broke through 3.5 fast!


when you planning on buying some HNU?

[997TT]

today is gonna get ugly... some buying opps i guess.

glad i ditched HNU on friday will likely rebuy today.

HOD wow ... wish i had the balls to hold a bit longer

[broken_legs]

http://i274.photobucket.com/albums/jj259/broken_legs/XLF_07_06_09.jpg

XLF - Q2 earnings for the banks will be out soon. Notice the volume steadily dropping off into the rally. Looking for some bigger volume to confirm a new trend. Hard to believe banks will surprise to the upside.

I have a small position in Sept 11.00 and Dec 11.00 puts.

http://i274.photobucket.com/albums/jj259/broken_legs/SPX_07_06_09.jpg

S&P500 - Trading above the 200DayMA. Bumping off the trend line from a few months back. Futures look like it will open below the 200 day MA this morning... Also don't want to break that lower trend line.

Oil is taking a beating...

USD is showing strength...

[Dinan]

anyone averaging down on HNU:nut:

[broken_legs]

VIX over 30 again... Definitely violated the downward trend line of the last few months for good.

[SilverRex]

I am 4.42

[eljefe]

Originally posted by Dinan
anyone averaging down on HNU:nut:

I did - bought a position at 4.45

Edit- And I am ready to take a large position at $4 if it gets there, and leave enough for one more position below that just in case

[troyl]

Originally posted by Dinan
anyone averaging down on HNU:nut:

Scared to add to my position. :eek:

[troyl]

Roll over starts tomorrow and on the 9th. The current contango could bring HNU down some more.

[SilverRex]

well what ever it may be with the roll over just keep in mind I expect the US dollar to drop today, stocks up, gold up and oil up well NG should be up I hope

[Dinan]

i added some more at 4.52.....

[Dinan]

Originally posted by SilverRex
well what ever it may be with the roll over just keep in mind I expect the US dollar to drop today, stocks up, gold up and oil up well NG should be up I hope

did you get some HOU too then?



are you holding HNU for long or planning on selling soon?

[KleanCord]

To go in line with your opinion Rex on the dollar weakening and commodities and equities rallying it would be typical to see a seasonality rally in oil and stocks coming after the July long weekend. Followed by weakness later this month with Gold showing strength starting July 17th. This year all the seasonal plays have worked thus far and my hunch is the poor jobs data may have ruined the July 4th long weekend trade.

Also all seasonality trades have come earlier than usual (perhaps savvy traders jumping the gun), this happened in Copper, Oil, and stocks in general.

[Rat Fink]

.

[997TT]

In HNU at $4.54.

Lets go Nat Gas :thumbsup:

[Vanish3d]

Originally posted by 997TT
In HNU at $4.54.

Lets go Nat Gas :thumbsup:

Good luck man!

wow how I wish I was in at 4.54... instead of 5.9x :banghead:

[Dinan]

i averaged down to 5.37 :nut:

lot of investors are saying the NG is bottoming, tempted to put some more cash in but would like to have some cash if it dips down to 3.30....

[997TT]

$4.67.

run baby run.

took a position in TCK. B this morning.

Am looking to add CNQ or PDN as well. Will be crushed if this is a multi-day selloff though.

[Dinan]

so is 3.70 a resistance ? would that be a good point to sell some HNU positions?


or you guys holding this long?

[troyl]

Picked up a few more CLL at 0.85. Good work for those that picked up HNU this morn. My 4.55 bid never got filled set it to late. That downgap should get closed today hopefully.

[Dinan]

NG had a nice run up but it back down again... seems like 3.5 didn't hold.....

[josecuzzani]

HEB is awaiting FDA approval. I believe it has potential to make it. Anyone else in this stock?

[Euro_Trash]

Originally posted by josecuzzani
HEB is awaiting FDA approval. I believe it has potential to make it. Anyone else in this stock?

Yikes.

[Dinan]

^^^ it's been waiting for a VERY long time! i haven't been fallowing it lately so i don't know if there any new updates on it..

[max_boost]

What an absolute shit day. Can't decide to buy more or wait. Disugsted. :thumbsdow

[eljefe]

Originally posted by max_boost
What an absolute shit day. Can't decide to buy more or wait. Disugsted. :thumbsdow

Meh, turn off the computer and hit a patio for an afternoon beer!

[Dinan]

Originally posted by max_boost
What an absolute shit day. Can't decide to buy more or wait. Disugsted. :thumbsdow


still holding XIU? i hear the TSX should get down to 9000 ....

[bigbadboss101]

No doubt, go do something happier. I am trying to cash everything out.

[guessboi]

my day off. slept in and missed the low this morning. is back to 4.54 now. time to average down. :rofl:

[aklalani]

hold hnu longterm. its only a matter of time. im thinking around sept-oct is when well start seeing some large profits as natural gas usage will rise

[djayz]

Originally posted by aklalani
hold hnu longterm. its only a matter of time. im thinking around sept-oct is when well start seeing some large profits as natural gas usage will rise

But just like HOU, HNU has contango effects to which could deteriorate the price even though nat. gas prices rise.

I doubled my position at 4.50 today was looking for a nice bounce today up to 5.00 or so but didn't make it. Hopefully the rest of this week brings in some nice gains as I'm all out of cash to get more haha

[max_boost]

Originally posted by aklalani
hold hnu longterm. its only a matter of time. im thinking around sept-oct is when well start seeing some large profits as natural gas usage will rise

Better off holding GAS.TO instead if you want the exposure without the 2X.


Originally posted by djayz


But just like HOU, HNU has contango effects to which could deteriorate the price even though nat. gas prices rise.

I doubled my position at 4.50 today was looking for a nice bounce today up to 5.00 or so but didn't make it. Hopefully the rest of this week brings in some nice gains as I'm all out of cash to get more haha

Yep.

Personally, waiting for $3.30 nat gas before I double down lol