Official Short-term Investments Thread

[civic_rida]

natural gas is what drives alberta

[broken_legs]

Originally posted by civic_rida
natural gas is what drives alberta


Natural Gas related industry and conventional (non-oilsands) related oil makes up most of Alberta's GDP.

Low gas is BAD for Alberta. Low oil is bad too, but low gas is more bad.




Fundamentally there isn't much reason for NG to be trading more than 2.00-2.50. Most of the new LNG terminals coming online were built with 2.00 NG economics in mind and are making a killing at 3$ NG.

The commitment of traders report indicates a bullsih setup for NG over the week or two.

Looking at the chart I feel like it's pretty much following the path that oil took from its peak, just a little bit more delayed. I'm willing to be that we see a similar looking chart.

After all, fundamentally there's no reason oil should be over 30$/barrel right now... but it is.

[Dinan]

HNU use to be sooo volatile! now it's sooo boring...

[max_boost]

Originally posted by Dinan
what... 2.50:eek:

i think this emotion says it all :facepalm: hahaha

I have yet to average down from my $6 HNU, looks like I will just keep waiting and waiting for the moment haha

[Dinan]

Originally posted by max_boost
hahaha

I have yet to average down from my $6 HNU, looks like I will just keep waiting and waiting for the moment haha


i don't know how you did it but good stuff... still holding XIU



wow, what a rally today....

[DRKM]

Originally posted by max_boost
hahaha

I have yet to average down from my $6 HNU, looks like I will just keep waiting and waiting for the moment haha

Yeah I too have yet to average my 5.69 HNU down as well.

Still holding some HOU at 7.20. Was going to Average down today but didnt for whatever reason.

[Euro_Trash]

Originally posted by DRKM


Yeah I too have yet to average my 5.69 HNU down as well.

Still holding some HOU at 7.20. Was going to Average down today but didnt for whatever reason.

Yeah I have a small holding at 7.20 too

XIU was a good buy so far though!

[Dinan]

Originally posted by Euro_Trash


Yeah I have a small holding at 7.20 too

XIU was a good buy so far though!


i had some at 7.18 but i sold them with a small loss, but for some stupid reason i never bought back under 7$
:banghead:



i think the TSX will still go lower

[troyl]

Natgas up 0.10 cents now 3.36, hope its a good day for HNU tomorrow.

[thrasher22]

I'm holding out until septemberish to buy anymore XIU...

Anyone else holding Bombardier? BBD was up 6.9% today :thumbsup:

[Z_Fan]

Originally posted by troyl
Natgas up 0.10 cents now 3.36, hope its a good day for HNU tomorrow.

You can all thank me for this. I sold half my position today!

[DRKM]

Originally posted by thrasher22
I'm holding out until septemberish to buy anymore XIU...

Anyone else holding Bombardier? BBD was up 6.9% today :thumbsup:

Always looking at BBD but never buy in.

Oh well.

[SilverRex]

ok yesterday was a perfect day except oil. gold rallied as expected, DOW rallied as expected, however seems oil lack momentum and strength, could be the fact that the recent drop from 73 to 58 killed all the bulls and no one is buying aside it could also mean that shorts continue to hold it in attampt to trace out lower lows in the 50s before a bigger short covering rally.

either way chart tells the story.

for oil today while it did climb slowly, manages to break out a down ward smaller trend channel, while momentum is up, Stoch is flashing over bought condition which means it could any time turn around without warning.

ideally, it would be nice for oil to make a more power move like dow or gold so that it can get to its own fibo retracement in attamp for a perfect short entry, but given its weakness its a possibility we may not even get such a move. So watch for any reversal hammer or topping. if oil still manages to make a bit higher, expect 62.5-63 to be the very first strong resistance area follow by 64 and 66

http://i278.photobucket.com/albums/kk118/genmaster/oil071409.jpg

now gold made a move beautifully as expected yesterday and since has also marched higher, again stoch is flashing over bought and I can only guess that the 928 should provide a intra resistance if not a top. gold if there is enough momentum can make it higher and test the 940s which to me will be the ultimate top meaning if gold ever get pass the 941-945 area with ease, then something else is clearly developing I'll explain that when we get to our dollar chart

so expect gold's run to be finished either today or tomorrow, the up trend line beneath 910 will be to watch once broken, down ward resumes to 891

http://i278.photobucket.com/albums/kk118/genmaster/gold071409.jpg

ok not going to post the DOW as not much has changed since yesterday's chart other than the fact it did punch thru 8220 resistance and has gain some strength, now it is approach some major resistance numbers such as 8331, 8375 and finally about 8450 if there is enough to get there. stoch is also over bought just like other charts. so the key will be the US dollar index. only further dollar weakness can push all sectors up a bit further but start expecting dow to make a trend change some where between 8331-8425 for all I know it can very well turn around when market opens. and I dont rule out if can dip today and make a higher rise tomorrow based on news. this would be ideal as it would make some sort of negative divergence to price all the while hitting our major resistance numbers for a perfect short opportunity. breaking the down trend line in the 8450 will be concerning and breaking above 8600 = more rallies ahead.

ok lets look at the US dollar chart, it has been quite messy. initially the technical picture was implying a strength in the US dollar however after many weeks of consolidation and zig zags and side way action. the longer this goes on, the more this looks like a correction in the initial trend which was down for the dollar. meaning if the US dollar does not suddenly break away pass 80.90 and 81.35, then we could have our selves further dollar weakness. such as forming a double bottom at 78.3 or tip lower to 77.7 before finally making a true bottom. if this is the case, then oil, gold and dow will all attamp to make new highs. that will be difficult to play because everyone is shorting the sectors right now. because of this, you must get out if price breaks certain resistance area especially key ones.

I expect the US dollar to turn around any time because of the uptrendline intersecting the 50 fibo at around 79.90, but keep in mind if 79.9 doesnt hold, it could drip lower 79.50.

79.50 will be key. breaking below this could initiate break down to 78.3, but at the same time testing that level would be ideal as well it would allow further upside in oil, gold and dow so that they can get back to more lesser risk shortable price level targets. so its really a catch 22 situation.

anyways in summary. watch for trend change today or tomorrow.

http://i278.photobucket.com/albums/kk118/genmaster/dollar071409.jpg

for those still holding out NG, really not a surprise with how it is moving these days. as long as oil doesnt advance, NG really doesnt even have a reason to spark. ever since it broke down below 3.70, the trendline break was big enough and its only a matter of time until it test the 3.25 low which it did yesterday. that is why Ive always called for a newer low for NG and hoping for 2.6 to fulfill the true bottom process.

so depending how your risk tolerence is, if 3.25 NG doesnt hold, be prepare for lower prices. next support number will be at 3.15 and 3.00 I do not think 3.00 NG will be overcome the first time we get there. in fact based on how oil bottomed in the 35s. it leads me to believe we could have a similar bottoming process in 3.25 for NG. unless oil break down below 50 or DOw makes a new low, I dont think we should see below 3 NG just yet. so scale your position accordingly, with the gerneral market bearish, treat every bounce or rally temporary.

[broken_legs]

GS just reported and... Est $3.34... Beats with $4.93!!!

Fucking crooks!

[Dinan]

SR, what about NG? How does it look?

Thanks

[broken_legs]

Originally posted by Dinan
SR, what about NG? How does it look?

Thanks


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



Or maybe just back to around $4

[Dinan]

Originally posted by broken_legs



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



Or maybe just back to around $4

thanks... what chart program are you using?


NG is up .15 today... are you planning on selling some and wait for a pull back? or going to ride out till about 4$...

[SilverRex]

well adding this to what I have been suggesting on the US dollar index, keep in mind, if DOW breaks above 8450 and also 8600 then its time to go long.

more and more days it seems the US dollar is due for one more leg down which would push every up.

by saying this, I dont think we will see below 3 NG yet. there fore 3.25 may have been the bottom just like when oil was touching off 35 3 times.

[SilverRex]

here is an interesting development. ahile back when euro made a top at 1.4330, it appears to be the top that should have started a swoon downwards towards 1.3400,

however since then the US dollar has been moving side ways, and now the chart is becoming clear, the euro's advance is not finished. it is now forming an triangle pattern

and according to EW theory, offten triangle patterns are formed at the end of wave 4 with a breakout for a 5th wave top.

so if this is true, that means the dollar will break down one more leg before it finds a true bottom.

this will send everything higher.

its not to say near term we could still be met with some more selling as I've been told the DOW should at least test 7950-8000 level

anyways all in all, must keep in mind the potential for the market to make an advance,

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

[broken_legs]

Originally posted by SilverRex

by saying this, I dont think we will see below 3 NG yet. there fore 3.25 may have been the bottom just like when oil was touching off 35 3 times.

My thoughts exactly. The charts look the same and I like drawing in paint.

http://i274.photobucket.com/albums/jj259/broken_legs/ng2.jpg


Charts from GlobeINvestorGold and MSPaint!

[SilverRex]

^

also watch for the same down trend line that oil broke above 45 which then nearly doubled since.

you can say the same for NG at 4.75, then 4.57, watch for this down trend line most likely in the low 4s, if broken, then we get a true trend reversal just like oil that could easily double NG in an heart beat.

until then expect a range trading between 3-4 minus including roll over effect.

also GS beating, if it puts in a new high above 151 then watch out, as they say GS is a market indicator, if it achieves new high, then the DOW could follow with its own newer high

[Vanish3d]

you can all thank me for selling my HNU yesterday. I just got pissed off watching it crash. I figured I'd buy again when it hits 3.15 or 3.00...but surprise surprise, its up today

good luck to HNU beyonders :thumbsup:

[Dinan]

^^^ thanks... so you have to pay to register? i can't find anywhere to register...

[broken_legs]

Whoa GS just got puked on


Im out of HNU now too took my 8%

I will rebuy lower closer to 3

EDIT:

Looks like my SLB order filled at 52.25 this morning.

[SilverRex]

if oil and NG plays out a similar bottom,

look for NG to bottom near 3.25 (cant rule out that it can dip to 3-3.15 simply because oil too dip below 35 to 33 once as well)

but eventually when NG breaks above mid 4s. next target overhead is right at 6-7 dollars quite attractive here.

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

[Dinan]

i don't know if i should take some profit here and wait for a pull back....

[SilverRex]

^
well while the longer term it appears the market is or may be headed higher still but intraday I think most sectors are overbought

[Dinan]

i meant HNU... can it be that overbought already, it's been over sold for a while now

[SilverRex]

^ sorry I thought you mean the general market

[Dinan]

^what you think about HNU,i bought yesterday at 4.. don't know if i should sell or not, i know if it drops i will kick myself in the ass lol ....

[Vanish3d]

ugh... someone kick me

I sold HNU at a loss yesterday and now im considering re-buying at a higher price ! :banghead: thats just stupid....ugh... maybe we'll see 4.00 hnu today...

[Nova316]

Anyone shorting gold? (HGD)

[guessboi]

4.3+ today for HNU. hope it does make a run as per SR. :D

[Dinan]

surprise surprise, i don't sell and it drops...

[bigbadboss101]

Sell Dinan sell! :nut:

[Dinan]

Originally posted by bigbadboss101
Sell Dinan sell! :nut:


so it can rally, lol, i'm taking you all DOWN with me..... :D

[Red@8]

Sweet - another +20% on HNU and HOU and I am back in the green! :banghead:

I think I should write a book (i dont think I'm alone on this one). "What not to do in the market". People would make a fortune doing the opposite of me, and I could offset my market losses with book sales. Or, perhaps I could write a newsletter like those stock guys that everyone pays to "do what they do" except people would pay to find out what I am doing and then do the opposite.

Who's with me guys!?!?!:nut:

[Dinan]

^^^^ hahahahhahaha, I'm with you guy!!!!


my plan is to sell some HNU around the the 10 day moving average at around 3.52 NG.....that is IF we can make it around there...


i sold HOU with a small loss but for some odd reason i froze and didn't buy back at around 6.80 ...






still waiting for HGU under 9$.... :D

[997TT]

Originally posted by Red@8
Sweet - another +20% on HNU and HOU and I am back in the green! :banghead:

I think I should write a book (i dont think I'm alone on this one). "What not to do in the market". People would make a fortune doing the opposite of me, and I could offset my market losses with book sales. Or, perhaps I could write a newsletter like those stock guys that everyone pays to "do what they do" except people would pay to find out what I am doing and then do the opposite.

Who's with me guys!?!?!:nut:

Red@8, my buddy is convinced that i am you. That i would setup 2 userid's (he's a dumb ass chink so what do you expect (I am one too so i'm not being racist...well sort of am...but who cares)... can't wait for him to read this. lol).

Its funny b/c all your posts are pretty much exactly what my buddy and i think. He accuses me of being you whenever you post. anyways, bit off topic but quite humorous.

Back to losing money :poosie:

[KleanCord]

What are some short ideas with higher beta?

I just took out a position today on Teck, but seeing as how most of it's rundown was due to the panic of going bankrupt I would rather find some other companies out there that are extremely overvalued.

Most of the ones I come up with on stock screeners are gold companies which would probably not feel the same sort of sell off in the event of a DOW 7500.

[SilverRex]

ok so far so good, gold is turning around after all morning tryying to break pass 927-928 and failed, oil is again as the inital assumption that there is no mometum continues and is dropping along with all other sectors.

euro has broken a key up trend line and should be tracing out a lower low some where in the 3850-3900

in which case I expect US dollar index to provide resistance at around 80.25

I expect the DOW should begin decline soon unless it wants to make a high divergence and should find a way to hit or trace out a bottom some where in the 7950-8050 before beginning a rise that could take out 8600 in due time and when that happens I believe it will target levels some where in the 9-10k. thats the feeling at this point in time.

what does this mean?

well if all goes according to plan, once we get a bit more weakness out of the way, I think the market will begin another multi week advance. And NG could potentially have hit a bottom here after touching 3.24s yesterday. Cant rule out abit lower as it is not far off from the next support at 3.15 and 3.00, but we are much closer to a nearterm bottom and I would fully expect some time within the next few weeks will see NG start making another run towards its down trend line which is probablly at about 4.3 right now and once we break above this level it will be similar to oil breaking out 45 few months ago. then the rise to 7 dollar begins.

and for HGU, looking at the hui index, there is positive divergence happening when hui make the low at 303. I was expecting 280-300 to be the low, so I guess 303 could be the bottom for all I know. if the general market starts making a serious move above 8600, that would make hgu below 10 pass away. so we will see how gold share fares when DOW makes a bottom in the low 8000

[Dinan]

hoping the US dollar doesn't take NG down ......

[broken_legs]

Originally posted by KleanCord
What are some short ideas with higher beta?

I just took out a position today on Teck, but seeing as how most of it's rundown was due to the panic of going bankrupt I would rather find some other companies out there that are extremely overvalued.

Most of the ones I come up with on stock screeners are gold companies which would probably not feel the same sort of sell off in the event of a DOW 7500.

Wait another week and then short China.


SR you would dig this:
http://www.zerohedge.com/article/modern-day-reverse-alchemists


Edit:

And banks too...

[Dinan]

lets hope we close above the 3.394 pivot point and have a run to the 10 day moving average at 3.52

[Vanish3d]

SR, do you think its wise to buy back into HNU at 4.4?
I hate buying back into a stock at a higher price after selling at a loss:banghead:

[Z_Fan]

I sold 2500 shares at $3.98. So sucks to me be.

[Red@8]

Originally posted by 997TT


Red@8, my buddy is convinced that i am you. That i would setup 2 userid's (he's a dumb ass chink so what do you expect (I am one too so i'm not being racist...well sort of am...but who cares)... can't wait for him to read this. lol).

Its funny b/c all your posts are pretty much exactly what my buddy and i think. He accuses me of being you whenever you post. anyways, bit off topic but quite humorous.

Back to losing money :poosie:


hehehe. Well unless you are living a double life as an east indian med student in the states tell your buddy we're two different guys!

Guys - why get out of HNU now? I am assuming most of us are in at higher than current pricing. The hottest part of summer is approaching and so is hurricane season. Would make sense to wait it out - no?

But then again who am I to be giving advice!

[SilverRex]

Originally posted by Vanish3d
SR, do you think its wise to buy back into HNU at 4.4?
I hate buying back into a stock at a higher price after selling at a loss:banghead:

well if you did sell at a loss, then I'll take the chance and wait a bit

while I can certainly be wrong some times, I wanted to expect the market will at least pull back and hopefully bring NG down along with it.

if you really wanted to get back in, then maybe try buying half a position, then buy the other half if NG ever dip back to 4 or below

[DRKM]

Originally posted by Red@8



hehehe. Well unless you are living a double life as an east indian med student in the states tell your buddy we're two different guys!

Guys - why get out of HNU now? I am assuming most of us are in at higher than current pricing. The hottest part of summer is approaching and so is hurricane season. Would make sense to wait it out - no?

But then again who am I to be giving advice!

I agree with you on the HNU. Hot summer and Hurricanes are coming why sell now.

I am telling you it will be like when we were trding 5 dollar HOU. Then it was 10 dollar HOU.

[guessboi]

no idea why some of you guys are selling. unless you guys are desperate for cash.

[max_boost]

Originally posted by guessboi
no idea why some of you guys are selling. unless you guys are desperate for cash. haha true that.

Welll I refuse to buy anymore HNU. Someday it'll crawl back to $6 and I'll just wait it out. In the mean time, I will continue to keep buying XIU. If SR is right about one more downturn, I'm so ready for that haha

[Vanish3d]

Originally posted by guessboi
no idea why some of you guys are selling. unless you guys are desperate for cash.

bingo. i had 100% of my cash in it
and I just kept seeing it crash so I was hoping to sell at 4.0 and get back in at 3.5 ish

[Dinan]

Originally posted by max_boost
haha true that.

Welll I refuse to buy anymore HNU. Someday it'll crawl back to $6 and I'll just wait it out. In the mean time, I will continue to keep buying XIU. If SR is right about one more downturn, I'm so ready for that haha

hahhaha, why aren't you buying any HNU?

you still buying XIU? is that the only think you holding right now, other then HNU?



i have a sell order at 4.51, for the ones i bought yesterday... not sure if i should though...

[Z_Fan]

^ I would. So nice to be up on something!

I couldn't afford to lose anymore so I had to bail on some of my shares. Wish I was up $2300 today instead of $1150 (or whatever) but you know...better safe than super sorry!

[Dinan]

well it didn't get to my sell order, i changed it to 4.49, off by few, lets see what tomorrow holds :drama:



why couldn't it get this high while the market was open? lol


wow, look at the CND $ go today and yesterday... whats up with that?

[max_boost]

Originally posted by Dinan


hahhaha, why aren't you buying any HNU?

you still buying XIU? is that the only think you holding right now, other then HNU?



i have a sell order at 4.51, for the ones i bought yesterday... not sure if i should though...

Cause if I buy HNU, it'll just keep tanking haha If $2 nat gas is possible, I'll just hold out and buy at the bottom or wait until there is confirmation of either a supply crunch or a resumption in demand which would cause the commodity to trend upwards. I know nat gas is close to the bottom but with 2X ETF's, there's still room for it to tank some more.

Yep. The only other thing I am holding is XIU. Although if the TSX continues to fall, I would be inclined to buy HXU for a quick bounce up.

Good luck trading my friends.

[Dinan]

Originally posted by max_boost


Cause if I buy HNU, it'll just keep tanking haha If $2 nat gas is possible, I'll just hold out and buy at the bottom or wait until there is confirmation of either a supply crunch or a resumption in demand which would cause the commodity to trend upwards. I know nat gas is close to the bottom but with 2X ETF's, there's still room for it to tank some more.

Yep. The only other thing I am holding is XIU. Although if the TSX continues to fall, I would be inclined to buy HXU for a quick bounce up.

Good luck trading my friends.

sounds like a solid plan!


Natural gas closed higher due to short covering on Tuesday as it consolidated some of the decline off June's high. The high range close sets the stage for a steady to higher opening on Wednesday.

Stochastics and the RSI are oversold but are neutral to bullish hinting that a short term low might be in or is near. Closes above the 20 day moving average crossing at 3.775 are needed to confirm that a short term low has been posted. If August extends this summer's decline, weekly support crossing at 3.155 is the next downside target.

First resistance is the 10 day moving average crossing at 3.48
Second resistance is the 20 day moving average crossing at 3.78

First support is Monday's low crossing at 3.23
Second support is weekly support crossing at 3.16

[Dinan]

Originally posted by SilverRex

and for HGU, looking at the hui index, there is positive divergence happening when hui make the low at 303. I was expecting 280-300 to be the low, so I guess 303 could be the bottom for all I know. if the general market starts making a serious move above 8600, that would make hgu below 10 pass away. so we will see how gold share fares when DOW makes a bottom in the low 8000 [/B]


oh man, that would suck!, when are you planning to buy some HGU?


do you still see 7600 for the DOW in the near term?

[SilverRex]

ok more news coming out today CPI will be a big one.

not going to post an oil chart since last few days oil is really not doing much, key resistance is in tact with 200EMA now at about 62.3, 64/66/67.5 if oil does surprise us with a strong up move, look for the above area to reject price on first attampt

now the big thing today to watch is the US dollar index, pretty much everything moves with or against it these days. many weeks ago, technically things were looking up that the US dollar would begin a multi month rally, however ever since it could not break above 80.91 time and time again, now the general feeling or idea is that the US dollar index is headed lower. possibly to achieve a 5th wave final leg down either to 78.33 minimum or lower before making a rise thru the fall.

so in summary, yes the market could be headed for one last push higher. how high? will have to see it day by day.

looking at the US dollar, breaking below 79.69 was first clue that the run lower may have started, and so it is now right up against its final stop near around 79.35, due to oversold condition, it MUST imo turn around now, all the while not going to rule out a false break down but reversal to end it. Either way, chart looking bearish might need other sectors to confirm trend such as euro break above 4200 and dow above 8600.

focus is bearish and so short on all rallies

http://i278.photobucket.com/albums/kk118/genmaster/dollar071509.jpg


and for gold, clearly 927-928 couldnt contain price and so it wants to test the higher resistance near 940s. looking at a revised fibo from its recent down leg, nearest key level is 937. I expect gold to turn around anywhere between 937-947 due to its oversold condition. and notice the purple up trend line, that is also the uptrendline on the daily chart that came from the 681 last year. which imo will be key, if gold is to run to the moon, then this trend line must hold. if it breaks watch out below as the outlook for gold to potentially touch below 700 again may begin to hold true.

http://i278.photobucket.com/albums/kk118/genmaster/gold071509.jpg

ok going to throw the dow chart back up, if all goes well, I expect a turn around after opening green this morning due to GS, intel numbers and CPI. im expecting dow to turn around due to over bought condition however if dow does punch throw the down trend line at around 8400 convincingly, then I'll expect the dow to turn around still and retest the down trend line that breaks. breaking above 8400 would most likely indicate (like the US dollar chart) that the weaker US dollar is underway and it could signal DOW 8100 has bottomed, this kinda lines up how I was saying we may not see below 10 HGU for gold shares anymore because of this.

so if we want to see a lower DOW, I think imo it must turn around soon today.

http://i278.photobucket.com/albums/kk118/genmaster/dow071509.jpg

and for NG I'm just going to place it as a range trading between 3.25-4.25 and just do a couple buy low sell high until it breaks above 4.30 is where the real fun begins

[troyl]

NG 3.50 woohoo :thumbsup:

Still need about 3.80 to break even on HNU.

[cosmok]

USDX at 79.43 and the dow pre-market at 8399, looks like we'll see the highs today instead of the lows

[Dinan]

just before our open, NG is RED

[broken_legs]

i think im going to buy some FXP calls

[SilverRex]

GS broke previous top at 151.17, looks like more and more the market is indeed into a 5th final wave leg higher.

imo I think the next couple of weeks we should see DOW getting up into the 9000 area. may have to start treating all pull back as buying oppotunity

[cosmok]

..

[Dinan]

Originally posted by SilverRex
GS broke previous top at 151.17, looks like more and more the market is indeed into a 5th final wave leg higher.

imo I think the next couple of weeks we should see DOW getting up into the 9000 area. may have to start treating all pull back as buying oppotunity

so i take it, no more 7600 dow?


and we missed under 10$ HGU ....?

[broken_legs]

I think SnP staying over 925 and closing there convincingly would change my tune.

[Dinan]

well looks like intel helped with this rally. lets see how long it will last....

[997TT]

So i sold BNK yesterday and TCK a few days back.

BNK up 13% today and TCK up almost $2 from where i sold

:banghead:

[Dinan]

there go NG!! :facepalm:

[997TT]

oil and gas just took massive dumps.

HND been trading around 13.50 now 14.08
and HOD around $15 now 15.27

i bought both this morning...but sold HND at 13.61 for a 0.15 profit.

another :banghead:

[KleanCord]

Goldman Sachs does have a lot of negative divergence and is not necessarily something that I would jump into at this point.

The markets as a whole still look to be in a down channel so I would still remain cautious about a turn around.

However, it will take some sort of earnings disaster to turn this thing down again, but then again this is the same market was saying RIM, and GS beating were not really good enough. I think that is a scary thing when you have big beats in a severe downturn and it is not good enough.

[Dinan]

wow, what a head fake we had with NG yesterday... serves me right not selling....:banghead:


wow, markets are in a crazy rally mode...... the volume seems to be heavy too, looking at few stocks and it's already past or near the 10 average...


LVS is tearing it up!

[DRKM]

Finally made a profit on HOU today.

[Dinan]

lets add another :banghead: for HNU .... fack this, i'm selling on every rally lol....

[Vanish3d]

Originally posted by Dinan
there go NG!! :facepalm:

looks like life is back to normal. HNU tanking :rofl:

[Dinan]

Originally posted by Vanish3d


looks like life is back to normal. HNU tanking :rofl:


hahhaha, did you buy back yet, or still holding for a better deal?

[Vanish3d]

Originally posted by Dinan



hahhaha, did you buy back yet, or still holding for a better deal?

got back in this morning at 4.2 with a small position (1/3 of what I want to invest). probably gonna get another 1/3 at 4.00 and last third at 3.5 then whatever happens happens.

[Dinan]

so everything else is GREEN other then NG! what is up with that...

[KleanCord]

Is everyone playing commodities now?

Any beaten down stocks that people are taking a risk on? Or any hyped ones they are shorting?

[davidI]

Originally posted by KleanCord
[B]
Any beaten down stocks that people are taking a risk on? B]

I put a small position on BCF. I may jump on GO as well. Both will be great buys if oil gets up there again. Both will be huge failures if we see $30 oil again as their balance sheets can't really support that without additional financing.

[cosmok]

Originally posted by 997TT
oil and gas just took massive dumps.

HND been trading around 13.50 now 14.08
and HOD around $15 now 15.27

i bought both this morning...but sold HND at 13.61 for a 0.15 profit.

another :banghead:
Did you get out before it dropped?

[997TT]

Originally posted by cosmok

Did you get out before it dropped?

Ya right. I'm working on the title of capital loss king.

still holding HOD at $15.08 :banghead:

just bought 5K HNU at $4.05. See what happens now that i've cursed Nat Gas.

[civic_rida]

:banghead:
If hnu goes down i want the 997tt

[Dinan]

Originally posted by 997TT


Ya right. I'm working on the title of capital loss king.

still holding HOD at $15.08 :banghead:

just bought 5K HNU at $4.05. See what happens now that i've cursed Nat Gas.

what made you change your mind on HNU? is this your entry point or averaged down/?

[997TT]

Hoping for a pop on HNU but will not hesitate to sell on any half decent rally .... as youve proven Dinan. anything north of a 0.25 and i will be looking real hard at selling.

Civic_rida, pretty soon i'm gonna be in a Kia so the TT is yours. lol

[Dinan]

Originally posted by 997TT
Hoping for a pop on HNU but will not hesitate to sell on any half decent rally .... as youve proven Dinan. anything north of a 0.25 and i will be looking real hard at selling.

Civic_rida, pretty soon i'm gonna be in a Kia so the TT is yours. lol


well at least you not averaging down, so your good....

hahahh... i hope one day i'll buy a TT :D

[KappaSigma]

NOT running. Wonder whats up this time...

[cosmok]

Originally posted by SilverRex
Either way, chart looking bearish might need other sectors to confirm trend such as euro break above 4200 and dow above 8600.

focus is bearish and so short on all rallies


So the dow needs to close above 8600 for things to turn bullish?

[Dinan]

wow, what a rally... lets see if we can close above 8600 today....

[KleanCord]

My magic number was 8590. Looks like it is going to make it.

[SilverRex]

Originally posted by cosmok

So the dow needs to close above 8600 for things to turn bullish?

I think when dow crossed 8400 its already bullish, but closing over 8600 basically confirms it imo now im expecting its a buy on dips until dow breaks new high

[cosmok]

Originally posted by SilverRex


I think when dow crossed 8400 its already bullish, but closing over 8600 basically confirms it imo now im expecting its a buy on dips until dow breaks new high
Right on, thanks for the information.

[max_boost]

Good day on the markets. I'm ignoring HNU. lol

997TT, once upon a time I had BNK at $0.66 and and held TCK.B from $6-9 buying in and out and never touched it again after it went crazy. I think you need to adopt my strategy since you have the bankroll, just dump it all into XIU and take the safe route home my friend.

BTW, I have dibs on the Porsche. :burnout: haha;)

[civic_rida]

nice ill take the slk55 i need a good winter car:poosie:
If i was only holding xiu I would be able to sleep better at night. Damm hnu:banghead:

[Dinan]

Originally posted by SilverRex


I think when dow crossed 8400 its already bullish, but closing over 8600 basically confirms it imo now im expecting its a buy on dips until dow breaks new high


well it closed above 8600.... whats the new high?

so i guess we missed the boat on HGU under 10$ ??




damn i was away from the computer and my order for HNU at 4$ missed, by one cent!!!!!


maybe it's for the best... but i think we go up from here....

[997TT]

Originally posted by max_boost
Good day on the markets. I'm ignoring HNU. lol

997TT, once upon a time I had BNK at $0.66 and and held TCK.B from $6-9 buying in and out and never touched it again after it went crazy. I think you need to adopt my strategy since you have the bankroll, just dump it all into XIU and take the safe route home my friend.

BTW, I have dibs on the Porsche. :burnout: haha;)

Xiu hey. I'll start looking at it more seriously.

ya, i remember when i bought TCK at $7.XX and sold at $8. Been playing it ever since .... with mixed results.

Since our kid, i put less than 100Km's/week on the turbo. So i'm keeping the milage down for you guys. :thumbsup:

[DRKM]

Dammit i had some hgu i was trying to sell at 11.20 but it never reached that again. Came bacl figuring it would sell and then the day was over.
Dammit I really did not want to be holding HGU overnight.

[RX_EVOLV]

out of the 3, HNU/HOU/HGU, HGU is probably the safest one to hold overnight

[sputnik]

Originally posted by Dinan
well it closed above 8600.... whats the new high?


The last high (post March 9th) was at 8799.