Official Short-term Investments Thread

[skandalouz_08]

Scotia finally just updated my HND stuff as well and its showing everything correct now...still sucks though.

[Dinan]

Originally posted by sputnik


Roll over?

yeah i know, what pull back.... ?


so is today the bottom of the USD ??:dunno:

[civic_rida]

Is now the time to buy Wamuq

[Dinan]

Originally posted by civic_rida
Is now the time to buy Wamuq


dropped a lot today... down to .27

[cosmok]

Probably doesn't help that the short interest went from 12-24% today

[SilverRex]

Originally posted by Dinan



dropped a lot today... down to .27

ignore the drop if you wish to buy I think its time to load up

either 0.25-0.28 is the range I see the bottom to land at

why?

because those are both 62% and 50% retracement fibo

it should hold, knowing that ever since wamuq bottomed at 0.022
it produced a 62% retracement from 0.146-0.07

and also a 50% retracement from 0.208 to 0.135

now it peaked at 0.44, I expect a 50%-62% retracement which is around 25-28 cents.

[cosmok]

^Nice call, it bounced off of .252 and is headed back up

[Vanish3d]

damn SR, mad tech analysis skills, how are you not rolling around in ferraris and lambos?:bigpimp:

see this is what we need technical analysis on, actual stocks! not this garbage etf shit that we seem to be on the wrong side of the fence on

[yoda124]

Originally posted by Vanish3d
damn SR, mad tech analysis skills, how are you not rolling around in ferraris and lambos?:bigpimp:

see this is what we need technical analysis on, actual stocks! not this garbage etf shit that we seem to be on the wrong side of the fence on

Amen to that...:guns: ETF'S

BTW...anyone in tck.b? Another breakout.

[civic_rida]

so friday seems like a big day for wamuq

[Vanish3d]

Originally posted by civic_rida
so friday seems like a big day for wamuq

is that the court date where it will either rocket or tank?

[SilverRex]

^

its 1 year anniversry since their collaspe. some speculate a settlement will be done or or before.

I am not sure legally they have to do anything on that day, but it sure fun seeing the share rise this past week.

a situation like this dont come along this often. I will hold my breath till the last minute

[Vanish3d]

I might get in with a few shares tomorrow if i can catch it under 0.3 but I'd sell as soon as it touches 0.4

[2fast4me]

So how do you purchase wamuq? With TD Broker, it does not show a asking/bidding price. It just shows the "last price".

[SilverRex]

^ yeah pink slips you dont see bid and ask, at least not that I know of on TD.

[civic_rida]

With rbc i had to accept a waiver regarding pink sheets before i could buy any.

[civic_rida]

With rbc i had to accept a waiver regarding pink sheets before i could buy any.

[SilverRex]

^ wow thats pretty stupid. at least it will encourage you to stay away from pinks lol

[Red@8]

Originally posted by SilverRex
^ yeah pink slips you dont see bid and ask, at least not that I know of on TD.


Even on BMO this is essentially the same. You have to enter a price you want to buy it at even if it is a "market" order.

[Dinan]

can you guys trade after hours.... BMO sucks, it wont let me! i have to call in from 415 to 5... and the fee is more :banghead:

[KappaSigma]

Anyone know what the Wynn IPO tocker symbol coming out in Oct will be and on what stock exchange?

[e36bmw///]

nm

[SilverRex]

ok after this morning. I will be flying out east for a week. so no post for a week. Hopefully things will finally start to move favorably while I am away. Starting to get tired of the flat corrections of late.

looking at oil isnt it wonderful price still has not break the 73.3-73.50 resistance since I last mention it two weeks ago? Looks like Oct price has expired and chart should be reflective of November. Contango is so small that you cant even tell the roll over took place. Oil continues range bounce between 69-72 all the while waiting for the important dollar to bottom. And I think that is exactly what it is trying to do, as soon as the dollar begins to move in a big way, you will see oil finally roll over.. that is down. I veiw any upside as limited again anywhere from current levels to just under 72.50 since that is near the 78.6% fibo. given if the previous 73.30 is the top of an ABC correction or wave II, the last drop to 69 could be viewed as sub wave I of III, I expect oil to reach no higher than 72.50. Eventually the uptrend line support just above 69 will crack. and the free fall begins. Just be ready and hope your all aboard near 72-73. Remember tight stop above 73.50

http://i278.photobucket.com/albums/kk118/genmaster/oil092309.jpg

gold is some what producing a similar trading pattern with oil, but looking at the weekly chart. notice we have a spinning top? its not often we get a potential reversal pattern on a higher level time frame. I am still expecting once gold tops out of its own, it will roll over hard and begin a drop fest. But given gold's unique characteristic, its anyone's guess where the top is. Again with COT at record short contract levels. when things begin to move, expect volatility in both directions.

http://i278.photobucket.com/albums/kk118/genmaster/gold092309.jpg

and the dollar, I suggest 76 may be the bottom and even if it is broken I dont see too much downside. and so far price did in fact got below 76 but only to test the 75.90 major support. we got that. Lets hope this is it, as I am starting to see alot of positive divergence popping up on many time frame. I am expecting the dollar should begin to rise quite soon. The long megaphone descending pattern only tells you eventually it will crack to the upside. starting 77, then 78. I would view any immediate sell off as head fake.

http://i278.photobucket.com/albums/kk118/genmaster/dollar092309.jpg

[SilverRex]

for NG. unless oct price (which hasnt expire yet even though we are trading nov prices) does not break above 4.16-4.38 I will not turn bullish at all.

with a huge gap /contango what ever you want to call it to fill. I expect NG to at least sell off (november contract) that is all the way to 3.60 I am expect hnd to get back to 8-9 dollar range at the least.

trade at your own risk, definately not for everyone here.

[s_havinga]

^ haha, I hope your right... I don't like all the red I am seeing these days...

[997TT]

Somethings not right with NG. Nov contract is up 0.14 right now .... yet with th storage capacity nearing full, the contango btw Oct/Nov, fundamentals still being bearish .... all signs point to NG going down.

Yet Nov has shown trememdous resilience and as the spot price moves, Oct/Nov contracts are moving too.

A week left till Nov become front month and spot price has a 0.95 gap to fill .... you would think HND now that it trading 100% Nov would have 4-5 successful up days.

Yet its holding firm .... my gut something is wrong here. Maybe the markets just don't give a fk that capacity is near full, that fundamentals are crappy. Since when are the markets rational anyways....

I'm still holding half my position in HND and i hope im wrong and NG does go down ....but damn this is nerve racking especially since my gut is saying something just doesn't add up here.

[Dinan]

we been waiting for this damn USD to bottom out for the longest time now.... and the markets don't want to roll over, they just setting new highs.....


whats your take on this SR? you still think will have a pull back? even if we do, will see the DOW at 9100-9500 ??

[SilverRex]

Originally posted by Dinan
we been waiting for this damn USD to bottom out for the longest time now.... and the markets don't want to roll over, they just setting new highs.....


whats your take on this SR? you still think will have a pull back? even if we do, will see the DOW at 9100-9500 ??

be your own judge

just look at it, its written nearly ready for a big fall all written over it.

http://i278.photobucket.com/albums/kk118/genmaster/dow092309.jpg

[997TT]

Cmon you T.PRE... you pos stock.

run to $15 my friend ... run like a mfkr

[Vanish3d]

whats your thoughts on WAMUQ today?

[SilverRex]

Originally posted by Vanish3d
whats your thoughts on WAMUQ today?

if all goes well I expect 25-28 to be our new base for higher prices.

[Vanish3d]

well I wanted in yesterday under 0.3 so I put an order at 0.3 last night and it got filled today, so hopefully this'll go up a bit today for a quick flip

[Dinan]

Originally posted by 997TT
Cmon you T.PRE... you pos stock.

run to $15 my friend ... run like a mfkr

you hear anything about them?? what price you get in at?

[cosmok]

Crude inventories up big

[997TT]

Pre hoping for a takeout ... stock is expensive and takeout kind of priced in but still gonna take a shot. Avg cost is around $13

Oil tanking ... NG isn't. just fkn great.

[SilverRex]

hopefully this is it, bye bye oil break 69.50 come on. been waiting for this technical breakdown long enough

[SilverRex]

Originally posted by cosmok
Crude inventories up big

whats the number?

[SilverRex]

welp we have a H&S breakdown for oil below 69.50, looks like this will setup another 4 dollar min. I think finally geez we will see the 65 oil I was talking about

HOD holders if you got in 72-73 as I suggest. HOLD ON, dont sell until at least 65 range, then sell half or do what ever then

this break will be pretty powerful, because not only did it break down from a H&S pattern neckline at 69.50 but it also is imo sub wave III of I which is often strong.

http://i278.photobucket.com/albums/kk118/genmaster/oiltoday-11.jpg

[cosmok]

Originally posted by SilverRex


whats the number?


Highlights Speculative accounts are selling oil after today's inventory data that show big builds across categories. Crude oil stocks rose 2.6 million barrels to 335.6 million in the Sept. 18 week with gasoline stocks up a very steep 5.4 million barrels and distillate stocks, already badly swollen, up another 3.0 million. A positive, though, is strengthening demand for gasoline, up 4.5 percent year-on-year and reflecting lower prices but also hinting at a strengthening consumer. Refineries, which are complaining that margins are thin, operated at a moderate 85.6 percent of capacity. Oil fell $1.25 to $69.25 in immediate reaction to the data.

[SilverRex]

for wamu holders.

current outlook I remain bullish as the 25-28 cent range is base meaning higher highs coming.

BUT

if 25 cent support breaks. then the alt path means the 44 cent is a wave 5 top. which is a larger wave I, the retracement could be as steep as 13-20 cent range since that is the wave 3/4 range.

as long as 25 cents hold, I would entertain higher highs coming. otherwise use that as your exit strategy.

[Vanish3d]

why does RBC not allow stop orders for OTC ? that sucks!
I have too much shit to do at work today and I don't want to keep watching it every second.

[troyl]

Wohoo! CLL hit 1.15. Big volume yesterday and today along with nice share price appreciation. Thought it would fall today along with oil. Maybe they will move up like OPC did last week on "takeover" spec :rofl:

[Dinan]

take a look at DPTR ... US stock...

[Dinan]

oil is down 2.70 and NG is up 20 cents... they don't seem like they are tracking each other, for a long time now....

[SilverRex]

again reminding everyone I wont be around for about a week. So dont be surprised

[Dinan]

^^^ nooooo, why???

[max_boost]

RIM is issuing their 1/4 report tomorrow after closing. Calculated gamble? I think it could easily pop 10% here.

[SilverRex]

NG just doesnt want to come down. regardless I can see it doesnt have to move with the market. as long as oil shits the bed I can only see NG doesnt have much room higher to go.

all the while for those that are completely washed away with hnd. one of my suggestion if you cannot stomach this area is to either reduce your holdings or sell some and move it into hod. hod is more predictable imo

[KleanCord]

Originally posted by max_boost
RIM is issuing their 1/4 report tomorrow after closing. Calculated gamble? I think it could easily pop 10% here. Take a look at the options. The volatility is quite cheap historically speaking.

EDIT: nevermind. I was actually looking at the calculators volatility which is way off. The volatility is quite high as usual.

[SilverRex]

market could move when the fed releases their rate decision and thoughts on the market at 12:15 our time

[e36bmw///]

nm

[Dinan]

well lets see how tomorrow goes with inventory....

[KRZY403]

Originally posted by Dinan
well lets see how tomorrow goes with inventory....

it will prob do the same thing it did the last 2 weeks. numbers will be better than expected and us hnd holders are gonna get rear-ended

[Dinan]

looks like the market likes what it heard from the FEDS....


looks like the trend has been and still is BUY on dips.... or until SPY hits 110, like it was said by some on here few times! :thumbsup:

[max_boost]

XIU!

haha

:bigpimp:

[cosmok]

Originally posted by 997TT
Somethings not right with NG. Nov contract is up 0.14 right now .... yet with th storage capacity nearing full, the contango btw Oct/Nov, fundamentals still being bearish .... all signs point to NG going down.

Yet Nov has shown trememdous resilience and as the spot price moves, Oct/Nov contracts are moving too.

A week left till Nov become front month and spot price has a 0.95 gap to fill .... you would think HND now that it trading 100% Nov would have 4-5 successful up days.

Yet its holding firm .... my gut something is wrong here. Maybe the markets just don't give a fk that capacity is near full, that fundamentals are crappy. Since when are the markets rational anyways....

I'm still holding half my position in HND and i hope im wrong and NG does go down ....but damn this is nerve racking especially since my gut is saying something just doesn't add up here.

Your gut was right bud, wish I would have followed mine on Monday :facepalm:

[SilverRex]

here is the big rejection on the dollar fake sell off starting to take shape :)

[max_boost]

:rofl: damn markets!

[Dinan]

damn, it just made a lower low today!... what happend to the 17th being the low... :nut:


looks like we selling off now...

[SilverRex]

in 2 mins both euro, dollar , dow and gold are all forming a bearish rejection candle. well except dollar, dollar in the opposite direction.

Ive been waiting for this divergence and a sharp pull back for some time. this COULD be the bottom and beginning of a trend reversal

[civic_rida]

wamuq is having a slow day.

[Vanish3d]

Originally posted by civic_rida
wamuq is having a slow day.

ya... i so coulda sold at 0.33for a 10% profit then bought back at lower... but got greedy. As long as it stays above 0.3 i'm happy.

[bilal.h1]

what a crash for DOW JONES it does know how to make me happy!
i didnt believe the spike and shorted EURO UP THere... SWEEt

[KleanCord]

I can't figure it out. What was so important about 1080 on the S&P?

It doesn't seem to be a fib number and isn't a meaningful resistance.

What caused the slide. Didn't it even come before the dollar started to rally?

[Dinan]

well well, some kinda of sell off....


damn XIU dropped like a rock!

[e36bmw///]

nm

[max_boost]

Originally posted by Dinan
well well, some kinda of sell off....


damn XIU dropped like a rock!

:cry:

Always hurts to not take profit off the table but oh well.

[Dinan]

Originally posted by max_boost


:cry:

Always hurts to not take profit off the table but oh well.

i know it sucks... but when you do and it runs more it sucks still... but not as much as when you don't take profit, IMO...

are you up on it at least/??

[Dinan]

what brokers do you guys use??? that trades after hours??

i was looking at thinkorswim.com, it looks really good but they only take US residence! :(

I just noticed that there is a canadian version, but with the TD merger they just did, they not opening new accounts at this time, it sucks cause they have a nice trading platform and a black berry app too, which is cool!

[guessboi]

XIU is not dropping like a rock. HND is. :facepalm:
I think the market is ready for a set back. still not buying into this rally. :nut:

[Dinan]

Well it dropped like one, I'm sure it will find the bottom and rally, more likely then not, tomorrow!


the USD is on the move up, could the bottom be in today ?? FINALLY!!!

[Dinan]

anyone ever use Interactive Brokers before?


how are the fees? to deposit and withdraw from the account...

[davidI]

I use IB. It's been good. Lots of paperwork at the start but once you're running it's plenty cheap. Not a good brokerage for playing penny stocks and whatnot as then you're paying 0.5% of total purchase price, but for the higher priced players it's awesome at $.01/ share. I think there is a minimum cost / month as well, but at the rate you trade it's no big deal. I think real-time level I quotes on the TSX are $6 a month or something too. It's all on their website...

[Dinan]

Yeah I been reading that, what about deposits? Is the first one free and then 100$ after?

[DRKM]

I use quest trade Pro platform and have no problems with it. Level 2 quotes all real time streamingl. Its 100 a month if you have under 30 trades a month, but I am alwas way over that anyway so...

Also the fees are all flat for any amount of shares. I remember with td paying 300 a trade!]

The only downside to Quest is that the platform can not do API trading which is no big deal for me or any of you from the sounds of it...

[cosmok]

Industry is expecting a 69 BCF build in NG inventories today, hopefully that's undershot and we'll see similar downward movement to oil

[cidley69]

Anyone have a prediction on which direction oil prices will go today?

This from the Wall Street Journal:

In recent weeks, the oil market has reacted fleetingly to the oil data, taking its cue from equities and the dollar, said Tim Evans, an analyst at Citi Futures Perspective. "We don't know yet if this time will prove different, but we do see a very clear downside risk for crude oil if the equity market were to pause for correction, or the U.S. dollar were to rebound," he said. Those factors, along with weak demand and flush supplies, could set the stage for a $15 a barrel selloff in crude, he said.

[Meback]

man, USD is gaining stength and as a result Oil is dropping. I was hoping to wake up and make money on HOU after yesterdays dip, guess i will have to wait another day.

[DRKM]

I got HGU closing above 12.70. and a low price above 12.49.

[Dinan]

there is the sell off SR is talking about and been waiting for a loong time :) how long it will last will see

the bad housing data didn't help either :D

[Meback]

Natural gas is on the move!!

shiet.. false alarm

[997TT]

Working gas in storage was 3,525 Bcf as of Friday, September 18, 2009, according to EIA estimates. This represents a net increase of 67 Bcf from the previous week. Stocks were 509 Bcf higher than last year at this time and 485 Bcf above the 5-year average of 3,040 Bcf. In the East Region, stocks were 149 Bcf above the 5-year average following net injections of 41 Bcf. Stocks in the Producing Region were 263 Bcf above the 5-year average of 863 Bcf after a net injection of 16 Bcf. Stocks in the West Region were 73 Bcf above the 5-year average after a net addition of 10 Bcf. At 3,525 Bcf, total working gas is above the 5-year historical range.

[cosmok]

Pretty much dead on to expectations.

Edit: HND holders can't catch a break, 2BCF under so the price decides to move up further :banghead:

[SilverRex]

Yo sending via my iPhone. Can someone occasionally update me the oil dollar index and euro thanks looks like oil is selling off as it should

[superboyazn]

suddenly a $3K loss in HND doesn't seem so bad.. it looks like Nov NG contract might hit $5 at this rate..

[Dinan]

Originally posted by SilverRex
Yo sending via my iPhone. Can someone occasionally update me the oil dollar index and euro thanks looks like oil is selling off as it should

where you at?/



USD 76.62 from NetDania

Oil at 66.30

[skandalouz_08]

Originally posted by superboyazn
suddenly a $3K loss in HND doesn't seem so bad.. it looks like Nov NG contract might hit $5 at this rate..

I know, I feel like I should sell as HNU keeps running up and HND keeps dropping my portfolio value even when everything else is going up. Sucks, I'm only down $1200, but still its a big loss to take.

[e36bmw///]

nm

[civic_rida]

WAMUQ sell off?

[bg_27]

Originally posted by Dinan
what brokers do you guys use??? that trades after hours??

i was looking at thinkorswim.com, it looks really good but they only take US residence! :(

I just noticed that there is a canadian version, but with the TD merger they just did, they not opening new accounts at this time, it sucks cause they have a nice trading platform and a black berry app too, which is cool!

I use TD Active Trader Platform, I like it.
You have to have more than 30-60 trades per quarter to qualify and it costs $100/mth. The trades costs $9.99 flat.

For me I make more than 150 trades per quarter, so the monthly fee is waived, and with 150 trades my commission is $7 flat.

You get real time, level 2, real time profit and loss per trade displays, after hour trades, all sort of trading options vtso, bracket orders, etc. And since I bank with TD too, transfering money in and out of my accounts is simple. You get good USD exchange rates when buying US stocks, all sorts of other little benefits. I think if I use my margin I pay prime (2.25%), etc.

[Dinan]

Originally posted by bg_27


I use TD Active Trader Platform, I like it.
You have to have more than 30-60 trades per quarter to qualify and it costs $100/mth. The trades costs $9.99 flat.

For me I make more than 150 trades per quarter, so the monthly fee is waived, and with 150 trades my commission is $7 flat.

You get real time, level 2, real time profit and loss per trade displays, after hour trades, all sort of trading options vtso, bracket orders, etc. And since I bank with TD too, transfering money in and out of my accounts is simple. You get good USD exchange rates when buying US stocks, all sorts of other little benefits. I think if I use my margin I pay prime (2.25%), etc.

that sounds good! so for after hours you can trade till 8pm and don't have to call in, right? and the fee is the same...

but what sucks is that untill i make 30 trades i have to pay the regular commission fee and the 100$ a month?

[Dinan]

everything is DOWN, only NG is up!!! what are the "odds" of that

[bg_27]

Originally posted by Dinan


that sounds good! so for after hours you can trade till 8pm and don't have to call in, right? and the fee is the same...

but what sucks is that untill i make 30 trades i have to pay the regular commission fee and the 100$ a month?

yah, you need 150+ trades per quarter to get your fees waived and to get $7 trades.

Yep, after hour trades I don't have to call in. After hours only applies to the US markets, and the volume is lacking after close, so its sometimes hard to fill orders.

[Dinan]

damn, the USD is on a roll!

76.84 .....

[Chandler_Racing]

Originally posted by Dinan
everything is DOWN, only NG is up!!! what are the "odds" of that

No more rice for me! :bigpimp:

[Neil4Speed]

Originally posted by bg_27


I use TD Active Trader Platform, I like it.
You have to have more than 30-60 trades per quarter to qualify and it costs $100/mth. The trades costs $9.99 flat.

For me I make more than 150 trades per quarter, so the monthly fee is waived, and with 150 trades my commission is $7 flat.

You get real time, level 2, real time profit and loss per trade displays, after hour trades, all sort of trading options vtso, bracket orders, etc. And since I bank with TD too, transfering money in and out of my accounts is simple. You get good USD exchange rates when buying US stocks, all sorts of other little benefits. I think if I use my margin I pay prime (2.25%), etc.

Quick question, does it have real time graphing if I wanted to watch a few stocks at the same time?

[Dinan]

damn, this guy on BNN said 40-50$ oil by end of the year! hold those HOD's :D

[bg_27]

Originally posted by Neil4Speed


Quick question, does it have real time graphing if I wanted to watch a few stocks at the same time?

Yep, Realtime graphing, with Active Trader you can do up to 4 simultaneous, with Active Trader Plus, you can do 8.
here is a screenshot of mine, but its fully customizable.

http://img59.imageshack.us/img59/7600/ssatp.jpg

[Dinan]

^^ thanks... much better then BMO! thats for sure!

what stock is that on the chart in your pic?


i see you looking at LVS, you hold any of that?

what stocks are you holding? if you don't mind... i know u blocked them, maybe cause it showed the amount and stuff...



october contract hit 3.999 :nut: damn!

if i held on to HNU i would have made 50% of my loss back! :facepalm:

[cosmok]

If HND breaks $5 I'm out with a pretty bad loss. :thumbsdow