Official Short-term Investments Thread

[Z_Fan]

I just bought some HOD at $11.82...and I decided to grow a pair yesterday and sold my HNU and bought HND. :poosie: Hope that doesn't bite me in the ass.

[SilverRex]

surprised at the strength despite being over bought the start of the morning. looks like the dollar index is trying to head to fill the gap and possibly put in a larger correction.

it would make a bit more sense as the DOW after breaking down its neck line is near retesting that point.

I will put oil max pain at 69, meaning above this may give us some trouble ahead, other wise chart still remains bearish in my books until ther wise.

you can clearly draw the oil rally from 65.5 tp 67.70 about as a A, a B dropped to close to 66 this morning, then we are in the final leg for a bit higher C some where between 67-69.

time to hold on tight again boys ;)

[Z_Fan]

I'm gonna set a tight stop on HOD I think...seems to be tanking.

[SilverRex]

just based on price projection the rally off 65.24 to 67.80 is about 2.56

so based on that, then if we throw 2.56 on from the 66.11 low of this morning that will give us 68.67 (so far we hit 68.60)

let see if that is how its playing out

[SilverRex]

remember when hod first got to about 11.70s and dropped back down below 11. Well now that we broke above that level, I am expecting that to provide support.

[Dinan]

it's holding up so far.... buy or not to buy :devil:

[Vanish3d]

^ debating the same thing. its holding up pretty well...

[SilverRex]

from 10.61 to 12.80, the drop to 11.70 is a 50% retracement.

61% fibo is at 11.44

if this is the run towards 16-20 or more as I believe. then price will no doubt turn around pretty dam quickly here. otherwise next level is 11.44 and I would say this is the last and if taken out will put the low at 10.61 questionable

dam, GS finally broke down from a up trend line pushing it higher and higher. hopefully this is the signal that the top is in for today.

[Bisklimpkit]

Well...bought HOD: 250 @ 12.16 and then another 200 @ 11.73, so I'm averaging 11.97. I'm also out of $$ to go lower, so hopefully you're on the ball again, SR! I may be coming out to Cow Town in a month or two so if it goes up as high as you're saying I'll have to buy you lunch...

[Dinan]

well it's below 11.70, but it could be a head fake, i'll hold off and see, either buy in higher or buy in lower.... have a buy order at 11.49

[SilverRex]

just heads up i wont be here tomorrow taking a day off work

not much else I could say at this point as I still believe the next move is down. hopefully when I get back at it thursday, things will play out the way it should.

good luck everyone :bigpimp:

[Dinan]

damn oil just shot up..... so SR? where you think this could stop?

[SilverRex]

^ it should stop now

Im wondering what is causing this momentum, did any one hear anything about some sort of hurrican got upgraded?

[Dinan]

NG should be moving too, if there was some hurricane upgraded....:dunno:

[RX_EVOLV]

ok jumped on the bandwagon and bought a portion of HOD @$11.64

[Red@8]

I've got faith in the chart and SR.

So far though my (our - 997tt) curse continues!

[997TT]

I think it was hurricane "beyond ST investment jinx"

ungraded to category 5

[guessboi]

I am not in HOD yet...still very patient. at the same time don't wanna miss the boat. :nut:

[Dinan]

Originally posted by guessboi
I am not in HOD yet...still very patient. at the same time don't wanna miss the boat. :nut:

me too man me too...:nut:

[Dinan]

i got my order at 11.49 from before, not sure if i should change it lower or just buy now in the low 50's

[SilverRex]

ok let see here, imo the current 200 EMA and 50% fibo is holding price down. I think worse case scenario is 70 oil, anything higher I would have to say something else is up we may need to hold off on the oil shorts.

similar to oil when it made an abc correction around 71, I think we are at the last stages of completing the C with stoch very over bought, I cant wait till it resumes down ward.

the only thing I worry is that both gold/silver and euro is trying to form a similar corrective pattern however they all could not break higher then the london open, and thus has me concern if gold and euro has a higher high coming in which would in turn push oil higher.

this expected correction sequence is in fact more than what I bargin for. but I just have to stick to my own analysis. with GS chart pointing down, dow is below its broken neckline, I just couldnt see why it the bottom would be in.

over all the critical resistance for oil at 73.35 top as well as euro's 4330 and dollar's 78.12 bottom needs to continue to hold for bullish out look on the dollar.

but short term unless oil quickly breaks down below 68. it will continue to test our patients.

http://i278.photobucket.com/albums/kk118/genmaster/oiltoday-7.jpg

[Dinan]

oh boy, looks like i'm in at 11.49 , went to the washroom and came out, and it dropped 10+ cents :eek:

[tylere]

Stupid natural gas.... Oil can make a nice run but noooooo not you.

[Dinan]

Originally posted by tylere
Stupid natural gas.... Oil can make a nice run but noooooo not you. :facepalm:

[SilverRex]

oct contract oil touched 71.54

oil must hold here. as well as 70 oil for sept contract

11.44 hod is 61.8% fibo retrafement from its recent rally it too needs to hold.

[Dinan]

HOD charts are looking good, the macd and stoch are good, but the RSI not so much...

http://stockcharts.com/h-sc/ui?s=HOD.TO&p=D&yr=0&mn=3&dy=0&id=p80473770014


HNU on the other hand doesn't look to good, other then the MACD, HNU has made a new low but the MACD hasn't, could be some kinda divergence maybe, what you think SR?

http://stockcharts.com/h-sc/ui?s=HNU.TO&p=D&yr=0&mn=3&dy=0&id=p80473770014

[sputnik]

SR - What do you figure oil will do if it closes over $69?

[SilverRex]

Originally posted by sputnik
SR - What do you figure oil will do if it closes over $69?

well 50% fibo at 69.12, so closing below this would be a great start.

I dont think it matters if it closes above or below 69, I may get rid of half of my position if it breaks above 70 front month And since 70+ oil will start to be very shaky, but I will still need a day or two to see what it wants to do.

fortunately, all other charts like oil, euro are still very weak. Im not going to change my view yet and I still believe this rally is corrective.

if you look at gold, euro and silver none of them even broke higher than the high it set during london open about 11 hours ago. so clearly oil is the funny one here.

[ExtraSlow]

Originally posted by tylere
Stupid natural gas.... Oil can make a nice run but noooooo not you.
Natural Gas is not yet a decent short term investment.
Storage levels are high, and we haven't yet seen a significant production decline from US shale plays due to decresed drilling.
Check back this winter at the earliest.

That being said, there are some excellent long term prospects among the Natural Gas producers. But I'd better save that talk for the long term investments thread.

[Dinan]

Originally posted by ExtraSlow

Natural Gas is not yet a decent short term investment.
Storage levels are high, and we haven't yet seen a significant production decline from US shale plays due to decresed drilling.
Check back this winter at the earliest.

That being said, there are some excellent long term prospects among the Natural Gas producers. But I'd better save that talk for the long term investments thread.

i can't read what your trying to say, :rofl:

nice pic :bigpimp:

[997TT]

Added my third and final position of HOD at 11.55.

Wow this sure is fun .... there go all of my TCK.B gains.

oh well ... still got faith in SR.

But am going to put a stop on my shares prior to inventory reports.

[Dinan]

Originally posted by 997TT
Added my third and final position of HOD at 11.55.

Wow this sure is fun .... there go all of my TCK.B gains.

oh well ... still got faith in SR.

But am going to put a stop on my shares prior to inventory reports.

damn, how much you make.... lol.... you love that stock heehehe... you buying back TCK/???


damn HNU:facepalm:

[Chandler_Racing]

Originally posted by Dinan


damn HNU:facepalm:

I concur. HNU.TO took me from Lobster and Fillet to rice and kraft dinner. :banghead:

[bg_27]

Originally posted by SilverRex
look at this boys

when GS made a new high not long ago, the entire stock market rallied to new heights.

but now look at it doesnt that look it broke the neck line of a H&S pattern? and price today simply retesting that neckline.

my view is that it will at least head to the next most likely support which was a prior resistance. which would in turn fulfill the projected H&S target

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

It looks like GS broke above its neckline today, will have to see how it ends its day. They look like they have had previous similar patterns

http://i600.photobucket.com/albums/tt81/bg_8927/gs-hs-2.jpg

[SilverRex]

DOW after broking down the 9221 support. needs to remain under it, let see if DOW can close below this

if we do, it should be encouraging.

hold on tight. I am still expecting 910 gold, 12.80 silver and 64 oil.

[Dinan]

Originally posted by SilverRex
DOW after broking down the 9221 support. needs to remain under it, let see if DOW can close below this

if we do, it should be encouraging.

hold on tight. I am still expecting 910 gold, 12.80 silver and 64 oil.

are you going long at those prices ??

[SilverRex]

^ no I am taking profit and wait for the market to give me the next cue

[cosmok]

You lose cell service for a day and oil jumps $3 haha :facepalm:

[Vanish3d]

oil over 70 right now... mfker!

[Dinan]

^^ what price you get in at??


wow, what happened with oil??? it's up over 3$ :eek:

[sputnik]

Looks like another good example of people fighting "the force".

[broken_legs]

about oil

So far in this market every ascending wedge I have seen which should have been bearish has broken out to the upside.

The correction will come in 2 weeks me thinks

[Dinan]

^^^ how you feel about NG?

[Vanish3d]

Originally posted by Dinan
^^ what price you get in at??


wow, what happened with oil??? it's up over 3$ :eek:

got in at 11.6
put an order and went for lunch, came back and got filled.

[broken_legs]

Originally posted by Dinan
^^^ how you feel about NG?

I'm waiting for it to bounce back this week, thinking I got into HNU a little early.

New lows for the year isn't exactly Bullish
I'm thinking it will bounce back to 3.30ish then sell off again

[Dinan]

Originally posted by broken_legs


I'm waiting for it to bounce back this week, thinking I got into HNU a little early.

New lows for the year isn't exactly Bullish
I'm thinking it will bounce back to 3.30ish then sell off again

wow, only to 3.30 :banghead:

what price did you get in at?

what are the odds of HNU hitting 5+ in the next month or two ?

i'm getting really worried here...i'm sure NG will rise inn the winter months but how much will HNU rise?

[broken_legs]

This is kind of what im thinking. Green being the best case scenario. It's funny because NG has been trading in this perfect $1.40 channel from the highs - Just on a different trend line.
http://i274.photobucket.com/albums/jj259/broken_legs/gas_081809.jpg

The thing i don't like about gas, was that it sold off while oil and broader market were still gaining.

Fundamentally its a horrible thing to be in right now. blah blah blah - But so is oil and look at oil.

T.Boone Pickens fund has sold off all its oil field service stocks and purchased gas producers. The future looks bright, just not sure the future will be anytime soon.

[DRKM]

Originally posted by sputnik
Looks like another good example of people fighting "the force".


And what force would that be oh master trader? Explain to us all how your master prediction skills would forcast oil to go from $70 to $65 back to $70 in under 4 days? That is 16% aggregate price change. Real fighting the force there :nut:.

I am not even in this trade and this pisses me off.

I hate how you come on here and attempt to belittle us. Honestly if you have nothing constructive to contribute than don't fucking post.

/rant...

[Dinan]

I just don't understan NG! How can it just keep on going down everyday for the past 2 weeks without one facken green day?

Like broken legs said "Fundamentally its a horrible thing to be in right now. blah blah blah - But so is oil and look at oil."

But winter months are on there way so shouldb't it bounce somewhat? :(

[eljefe]

Originally posted by Dinan
I just don't understan NG! How can it just keep on going down everyday for the past 2 weeks without one facken green day?

Like broken legs said "Fundamentally its a horrible thing to be in right now. blah blah blah - But so is oil and look at oil."

But winter months are on there way so shouldb't it bounce somewhat? :(

Eventually......but with the following months contracts so much higher HNU could end up lower and lower with somewhat higher NG before it heads back up, eventually. If the september contract moves up to the October contract before September expires it will help- but if October moves down closer to September, then November moves down to meet October look out!

[997TT]

So it looks we will might get a nice pop at 8:30MST today....fk what that does to HOD is anybody's guess. Last 2 weeks markets have shrugged off inventory surplus's.

Markets have to decide between China news and drop in their markets vs a unexpected draw in inventories.


Oil Price Recovers As API Said Crude Inventory Had Huge Drop
ONG Focus - Insights
Written by Oil N' Gold | Wed Aug 19 09 01:26 ET
WTI crude oil rebounded sharply to as high as 70.29 Tuesday as API reported unexpected draw in crude inventory last week. The benchmark contract finished the day at 69.19, adding +3.7% during the day. Both RBOB gasoline and heating oil also surged, by +2.7% and +2.1%, to 2 and 1.87, respectively. However, natural gas continued to sink deeper and was down -2.1% yesterday.

The industry-sponsored API reported crude inventory dropped an impressive -6.13 mmb, compared with consensus of a +1.19 mmb gain, to 342.4 mmb in the week ended August 14. The draw was driven decline in imports as well as increase in refinery runs. However, Cushing stocks rose +0.795 mmb in the week.

[Dinan]

^^^ at least you making a killing with HZD :thumbsup:

[Super_Geo]

Thanks to: reduced lending in China and a 5% drop in the stock market over there...

Oil prices are pivoting around $69/BBL on nothing more than sentient on global stock markets right now. The Germans were looking good, oil shot over $70 last night, and then the rest of Europe wasn't looking too hot, and the Chinese stock market took a beating on reduced lending, so oil falls back down to the mid-68s.


SR, it would almost be a good idea to take a look at the technicals of the major indexes (Dow, TSX, Shanghai, European markets, etc) because it seems like oil will be following their cue for the next couple of days.

I've also read on two separate articles that technical analysis calls for $64 and $60 oil... but oil seems to want to track stocks and sentiment at the moment.

[Rat Fink]

.

[997TT]

Man SR is money with precious metals.

He's made me a lot with silver ... thanks SR.

Fk it ... sold all my HOD at even (loss 0.03) and now am back in TCK and a small position in HOU.

Complete 180 ...oh except i still own HNU. The worse pos stock ever...

[sputnik]

Originally posted by DRKM
And what force would that be oh master trader? Explain to us all how your master prediction skills would forcast oil to go from $70 to $65 back to $70 in under 4 days? That is 16% aggregate price change. Real fighting the force there :nut:.

Perhaps if you were in this thread over the past 12 months to watch a number of people lose quite a bit of money playing HOD/HOU like a roulette wheel you would understand the expression "the force" that max_boost started using a while back. Over the long term oil is going up there is really no question about that. Volatility has also dropped quite a bit and most price swings really only last 2-3 days tops. So fighting "the force" is basically being bearish on oil for anything more than $5 over the course of 2-3 days. In the end the HOD crowd is working against an oil price destined to go up.

While it is great to look at past prices and calculate the aggregate price changes in oil the fact of the matter is that more often than not prices are being chased only after the price of oil has moved dramatically. Just watch how many people are buying HOU/HOD $1-2 after it has already moved.

If you feel that you can perfectly time the way oil moves. More power to you. However the vast majority cannot and end up losing money or barely breaking even in the long run.

[Dinan]

HNU is .03 :eek: damn, forget how GREEN looks :banghead:


well i'm out of HOD too, got stopped out on even....

[SilverRex]

sorry Im going to be out in 30 mins, but I will post a quick chart at home.

looking at the dollar, it seems the alt count scenario is forming as dollar indeed wanted to trace down further to fill the gap. now that it has, I Expect dollar to crack the small down trend line to confirm and start making an aggressive assult above 80.

the 78.12 remains to be critical support in order to remain dollar bullish. I will start to worry if the dollar takes out the up trend line in blue other wise next move should be up

http://i278.photobucket.com/albums/kk118/genmaster/dollar081909-1.jpg

its unfortunate oil retraced so much, thank fully on the chart, oct contract price has been rolled over as well so now for get about looking at the front month oil technically we should be focusing on oct's oil which as bounced off 71.54 and is trading below it. This down trend line needs to hold otherwise it could lift oil furhter higher.

hadnt we seen this before? remember oil dropped a lot then made a huge advance and topped out slightly at 73.35 only to drop 15 dollars?

lets hope for a similar scenario. while oil charts remains a bit confused after yesterday / overnight rise, but until 73.35 is taking out. I still expect oil to drop.

now gold is hanging at around 930s, but silver continues to push lower. so either gold wants to rally because this level is too important to break or its only a matter of time until gold will collasp as well. Remember I said silver chart looks very weak? and indeed it did headed lower. while the next major support for silver is at around 12.80-90, start thinking about taking some profit off the table and let the rest ride further to about 11.50s because a turn date this week could still allow the market to make one final push to a higher high. if gold/silver and oil does not drop big this week, then expect a major rally unfolding next week going into early september.

the real fun begins when the dollar heads for a wave III advance. currently if it all plays out, its only in a sub wave III of I.

[997TT]

This is it Dinan....i'm predicting ground breaking results for HNU.

My prediction .... it will close at $3.30. A whopping 2% in the GREEN ...

[badlivertt]

Originally posted by Dinan
I just don't understan NG! How can it just keep on going down everyday for the past 2 weeks without one facken green day?

Like broken legs said "Fundamentally its a horrible thing to be in right now. blah blah blah - But so is oil and look at oil."

But winter months are on there way so shouldb't it bounce somewhat? :(

i asked my gas trader friend this very question yesterday. he said that aug/sept are historically the worst months anyways... winter should bring it up some, but he suspects that production cuts are going to have to happen before any significant rise. then he said some tech-talk about moving GJ's and parking gas that i didn't get.

[Dinan]

Originally posted by 997TT
This is it Dinan....i'm predicting ground breaking results for HNU.

My prediction .... it will close at $3.30. A whopping 2% in the GREEN ...


hahahah, i'll take anyting man, i still got share in the mid 's :(

i'll take 2% a day :D

might get back in HOD under 11$..... DAMN we should have bought HZD instead....

lets go NG .....:thumbsup:

[sputnik]

Oil is on the move this morning.

Up over $1.50 from its low of almost $68 overnight.

[997TT]

what a call to go from HOD to TCK/HOU at open.

wow ... every idiots like me get 1 trade out of 1000 right.
haha

[guessboi]

wow HNU is green at opening. :rofl: good thing i didn't go with the group buy with HOD since sold it friday.

[Dinan]

Originally posted by 997TT
what a call to go from HOD to TCK/HOU at open.

wow ... every idiots like me get 1 trade out of 1000 right.
haha

i want to give TCK a try, what price did you get in at?

[ExtraSlow]

Originally posted by badlivertt
winter should bring it up some, but he suspects that production cuts are going to have to happen before any significant rise. The production cuts will come 6-12 months after the drilling cuts.

Rig utilization For the first half of 2009 was down 37% for onshore North America. That results in about 15,000 fewer wells drilled this year.
Oil and Gas Journal - Article (http://www.ogj.com/index/article-display/2389952156/s-articles/s-oil-gas-journal/s-volume-107/s-Issue_27/s-General_Interest/s-special-report__modest.html)
Given the cycle time for those wells to come on will be 3-12 months, you can expect the production decline to come in the latter half of the winter. Add in the fact that storage is pretty much 100% full, and that will buffer prices for an additional couple months.
Unless we see some really cold weather in the states early this winter to draw down storage levels, look for Gas prices to stay persistently low.

[Red@8]

ASFX - American Scientific that i posted on sunday is doing quite well today :D

offsetting my HOD loss quite well right now!

[Dinan]

i thinkk HOD will have a nice move up with the inventory report.... the same thing happened last week, oil ran up before the numbers came out..... but i'm still out tho...


hahahah, spoke too soon... lucky i got out... nice move 977TT :thumbsup:

[cosmok]

Originally posted by Dinan
i thinkk HOD will have a nice move up with the inventory report.... the same thing happened last week, oil ran up before the numbers came out..... but i'm still out tho...
wow no

[997TT]

sorry bro... hou just popped to 9.31.

wow

HOD at 11.02

[Dinan]

hahahaha, lucky i got out ....... hope this helps and moves NG a bit....


what's a good price to get into TCK

[Vanish3d]

Originally posted by 997TT
what a call to go from HOD to TCK/HOU at open.

wow ... every idiots like me get 1 trade out of 1000 right.
haha

that was a pretty sick call. Had I read your post earlier I may have done the same when HOD opened green.... right at 830 it dropped 60 cents... fk

[sputnik]

Originally posted by Dinan
i thinkk HOD will have a nice move up with the inventory report.... the same thing happened last week, oil ran up before the numbers came out..... but i'm still out tho...

http://dispatchesfromcolumbus.files.wordpress.com/2009/04/roulette_wheel.jpg

[Dinan]

^^ i was saying, i never put my money where my mouth was... the charts are turning bullish in my opinion thats why i decided to get out this morning, but i wish i went out with some kinda profit lol, but better then being down now....


TCK seems overbought and it's starting to pull back..

http://stockcharts.com/h-sc/ui?s=TCK/B.TO&p=D&b=5&g=0&id=p47048420188

[skandalouz_08]

Wow HOD, I hate you almost as much as I hate HNU right now, but I'd rather not take a loss so I'll hold out hoping that Oil will still have a drop this week or next.

[Super_Geo]

Supplies are a little less bloated in the Aug. 14 week. Stocks of crude fell 8.4 million barrels to 343.6 million with stocks of gasoline down 2.1 million and distillates down 0.7 million. Oil prices shot nearly $1 higher in instant reaction to the results. Nevertheless, stocks are still swollen and demand is still surprisingly weak.

Well, fuck.

Looks like I'll be holding HOD for a week or so while getting eaten away by fees. This is the one time I don't set a tight stop to my initial buy, and it's is the same day I'm in meetings and a field trip all day and lose over $1,000... FML.

[sputnik]

Originally posted by Dinan
^^ i was saying, i never put my money where my mouth was... the charts are turning bullish in my opinion thats why i decided to get out this morning, but i wish i went out with some kinda profit lol, but better then being down now....


I wasn't trying to insult you.

It just seems to be that HOU/HOD is a crap shoot at the best of times when it comes to inventory reports.

[KRZY403]

Holy shit. Need hod to head back up to 12.70s to break even..

[997TT]

out of HOU for a sweet 0.50 gain.

in HOD at 11.21.


edit: maybe i should've stayed in HOU. lol.

[skandalouz_08]

Haha 997 you're crazy. I would've stayed in HOU a little longer than an hour lol.

[Dinan]

HOD looks tempting... and HNU is back down :facepalm:

[guessboi]

I am think of getting back into HOD now.

[pearl0168]

SR, oil goes up to 70.75, and gas is around 3 right now, do you think it's a good time to buy the HOD or HNU? Thanks

[Vanish3d]

SR not here for the day. We're all lost hahaha

fucking HOD fuk!

[cosmok]

Wow the USD is breaking down

[Dinan]

SR, said 78.10 has to hold for the USD... getting real close!

[ckangarloo]

For us HOD holders, could this be a combo of the USD breaking down and having a Hurricane upgraded to category four in the Atlantic...

[Dinan]

Originally posted by ckangarloo
For us HOD holders, could this be a combo of the USD breaking down and having a Hurricane upgraded to category four in the Atlantic...

yeah, thats "BILL" ....... i had a open order at 10.91 that i totally forgot about and it just filled ....


why isn't this hurricane moving NG!!!!!!

[roopi]

Originally posted by Dinan


yeah, thats "BILL" ....... i had a open order at 10.91 that i totally forgot about and it just filled ....


why isn't this hurricane moving NG!!!!!!

There's no reason for it to move NG prices. I don't think Bermuda is much of a NG producer at the moment.

[Dinan]

Originally posted by roopi


There's no reason for it to move NG prices. I don't think Bermuda is much of a NG producer at the moment.

oh yeah, i forgot it wasn't heading to the gold of mexico....

[sputnik]

Originally posted by pearl0168
SR, oil goes up to 70.75, and gas is around 3 right now, do you think it's a good time to buy the HOD or HNU? Thanks

SilverRex on today's oil.

Keep in mind it was posted prior to the inventory report.


Originally posted by SilverRex
its unfortunate oil retraced so much, thank fully on the chart, oct contract price has been rolled over as well so now for get about looking at the front month oil technically we should be focusing on oct's oil which as bounced off 71.54 and is trading below it. This down trend line needs to hold otherwise it could lift oil furhter higher.

hadnt we seen this before? remember oil dropped a lot then made a huge advance and topped out slightly at 73.35 only to drop 15 dollars?

lets hope for a similar scenario. while oil charts remains a bit confused after yesterday / overnight rise, but until 73.35 is taking out. I still expect oil to drop.

[Dinan]

well it's just around 73.35, it went over a bit but it's under now, lets hope we get some kinda less off today...

[guessboi]

I am staying out of HOD. good thing i hold off on it. any good small company stocks to invest in these days?

[Super_Geo]

Anyone have any recent technical analysis on oil (post 8:30AM inv report)?

October is sitting at $73.30... I don't know whether to take another position in HOD right now or to wait it out and see if it'll dip back to the mid/high-60s.

This is the first and last time I buy a stock without setting a stop at a $200 loss, which has worked really well for me up to this point.

[Red@8]

Originally posted by Super_Geo

This is the first and last time I buy a stock without setting a stop at a $200 loss, which has worked really well for me up to this point.

Oh man - I am right there with you on the stop. I dont know what I was thinking on HOD when I didnt place the stop.

[997TT]

why the fk did i have to go back into HOD.

Would've been a massive day for me...oh Tck doing well.

And i'm in HOD $0.6 lower ...

[cosmok]

^^Word, it just wants to keep dropping :thumbsdow

[Dinan]

damn, we getting killed over here with HOD... and HNU :banghead:

wish i bought TCK instead of HOD,,,

[broken_legs]

When the upwards trend line breaks - Buy HOD

Until then, you should only be shorting to the trend line and covering.


same with the resistance around 71ish

Buy at the trend line, sell at resistance.

http://i274.photobucket.com/albums/jj259/broken_legs/oil_081209.jpg

Textbook ascending wedge should be bearish, but it wont be

[Super_Geo]

Holy fuck me sideways... $74 Oct oil.