Official Short-term Investments Thread

[in*10*se]

bqi, ath.to, opc.to, cve.to, aos, lots of players in the oil sands, there are just a few that i'll check now and again... still have like suncor, syncrude, husky, snrl, devon, imperial, baytex, bonavista petroleum, shell, penn west, etc

[troyl]

^ CLL, UTS.

[Meback]

Made my money in HOD.TO and ran lol. Money is now in HNU, it better not disappoint tomorrow morning.

[davidI]

Wow, markets tumbling HARD!

[Neil4Speed]

Originally posted by davidI
Wow, markets tumbling HARD!

Just Bizzarness going on, I picked up PWT when it was about 10% under for no apparent reason.. now its.. 4% under... go figure.

Its like everyone mass sold energy trusts this morning.

[DJ_NAV]

Stay away from HNU unless you really know what you are doing... this sucker just goes down in general. got burnt few times and never touching it again.

[max_boost]

Originally posted by davidI
Wow, markets tumbling HARD!

YES YES YES

Fall some more please! Sell in May and go away! LOL


Originally posted by DJ_NAV
Stay away from HNU unless you really know what you are doing... this sucker just goes down in general. got burnt few times and never touching it again.

YES YES YES

You can always buy HND if HNU doesn't work :devil:

[KappaSigma]

IAE has pulled back again and released some very good news today again.

IMO, this could be a solid stock over the next 6-12 months.

[bwling]

^ Agreed.

I added to my position over the past two days...didn't catch the bottom on either day, but at these prices, I think this stock is a steal.

I still see a lot of upside in the coming months with a new reserve report expected and an impending acquisition that management has hinted at.

[KappaSigma]

Originally posted by bwling
^ Agreed.

I added to my position over the past two days...didn't catch the bottom on either day, but at these prices, I think this stock is a steal.

I still see a lot of upside in the coming months with a new reserve report expected and an impending acquisition that management has hinted at.

Yup I agree. The new credit facility they have acquired will either be used for an already producing asset or fast track their developemnts to produce IMO.

[troyl]

Please dont plummet tomorrow nat gas! Actually held up pretty good today, which surprised me.

[Meback]

Originally posted by troyl
Please dont plummet tomorrow nat gas! Actually held up pretty good today, which surprised me.

Lol, I'm with you on this one brother.

[djayz]

Originally posted by Meback


Lol, I'm with you on this one brother.

I'm with you both of you, however I have a bad feeling about it :(

[SilverRex]

ok a quick view on gold, after having a pretty hard dive from our expected top near 1192 to about 1157, price has since retraced right back to the 78.6% fibo, so far so good. Stoch is oversold and ready to drop again, to confirm trend reversal for bears wait for the 10/20 EMA make a death scross, possibily require price to remain below 1175, stops above 1194 and see where this takes us.

http://i278.photobucket.com/albums/kk118/genmaster/gold050610.jpg

[troyl]

Originally posted by djayz


I'm with you both of you, however I have a bad feeling about it :(

It was fairly cold last week throughout North America maybe inventories got burned off a little.

[yoda124]

anyone trading WTN?A friggin traders dream come true!

[troyl]

Price of gas holding steady, but hnu got whacked upon inventory data. We matched estimates.

Edit: Nevermind Nat gas coming off now.

[djayz]

Originally posted by troyl
Price of gas holding steady, but hnu got whacked upon inventory data. We matched estimates.

Yet somehow that is bad news. As you said HNU got whacked :(

[Meback]

F U HNU. But I guess we will be adding to the positon. I m waiting for a 4.80 buy.

[SilverRex]

Originally posted by Meback
F U HNU. But I guess we will be adding to the positon. I m waiting for a 4.80 buy.

im waiting for 3.5-4.30 for my own long term position to kick in

[DJ_NAV]

wow gold is rocketing today!

[cosmok]

The Dow needs to hold 10700 here or things could get slippery. Looks like the USDx has support at 84.150 and next target if that holds is 86

[max_boost]

Holding HNU is like getting tortured lol Sorry guys haha

Yes die markets die!

I'm hoping for a -300pts tomorrow and that's probably where I will enter my 1st position in the markets for a quick bounce on Monday? What do I know, I'm just guessing :rofl: 10,000 TSX and 9000 DJI by the end of May? Sell in May go away?

Continue......

[DJ_NAV]

Tip to be taken lightly: AEZ!

I'm expecting it to hit $3 in 2 months. So far its doing it's job. Not a day trading type of stock.. but it could be.

[max_boost]

Holy eff! Markets are dying!

[cdnsir]

WTF!!?? 500pts on Dow!!!!

EDIT: 600 in like 2 mins!

EDIT: 860!!! LOL

[max_boost]

SR! Where are you?

UPDATE!!

hahaha

I'm sitting on the sidelines don't know what to do. to buy or not to buy lol!!!

DJIA, -1000pts today!!!!

[e36bmw///]

nm

[e36bmw///]

nm

[max_boost]

:rofl: :rofl: :rofl: :rofl:

This is awesome :nut: :nut: :nut: :nut:

[cosmok]

I think there was a glitch in the Matrix there for a bit, I couldn't believe my eyes when I saw the Dow at 9900

[SilverRex]

as I have commented on my last DOW post, the critical 10750 support has been broken to the down side and so my expecation is that we have officially begin our multi month sell off

http://i278.photobucket.com/albums/kk118/genmaster/dow050610.jpg

[Neil4Speed]

WTF Just happened??? ERF, down 30%?! my fucking trading platform is too slow! Eurg, I am going to explode here, can't even fucking breathe.

[e36bmw///]

nm

[Neil4Speed]

I know, I didn't own it, I wanted to buy it at 30% down my fucking Royal Bank is so slow!

[max_boost]

Originally posted by cosmok
I think there was a glitch in the Matrix there for a bit, I couldn't believe my eyes when I saw the Dow at 9900

It all happened so fast. That was unreal what I just witnessed.

I hope SR is right as this begins the multi-month sell off of the markets. I'm still waiting.

I had my buy set for 11,500 TSX and pulled it out just in time. Going to wait for 11,000 TSX now.

[Neil4Speed]

Anyone here want to go for a drink?? ha ha ha.

[cdnsir]

A smoke is what I'll need, I thought the sky finally fell on us today.

[e36bmw///]

nm

[cdnsir]

Well cashed out my least hurt'n stock. Gonna have some cash on the sideline for now.

[max_boost]

TSX might break even for the day or even close on the + side :rofl: :rofl: :rofl:

[SilverRex]

Originally posted by max_boost
TSX might break even for the day or even close on the + side :rofl: :rofl: :rofl:

probably because it was fuel by the surge in gold and the fact that oil didnt fall as much as it would

[DJ_NAV]

bad day to cash out if you are in the red.

[cdnsir]

Conspiracy or a serious major fck up??



http://www.cnbc.com/id/36999239

Trading Error at Major Firm Blamed For Selloff
Published: Thursday, 6 May 2010 | 4:21 PM ET
By: CNBC.com with Reuters

A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC.

Multiple sources said a trader entered the letter "b"—as in "billion"—when he or she meant to type "m," for "million," shortly before 2:47 p.m. New York time.

U.S. stocks plunged suddenly, briefly by more than 9 percent, before pulling back to a near 3 percent drop, as investor worries mounted that Greece's debt problems could spread.

Sources also told CNBC that the firm in question is Citigroup.

Citigroup [C 4.04 -0.14 (-3.35%) ] said it has no evidence of a bad trade but it is investigating the situation.

The New York Stock Exchange reported there were no computer glitches in its systems Thursday.

Separately, Nasdaq said it was working with other major markets to review the market activity that occurred between 2:00 p.m. and 3:00 p.m.
© 2010 CNBC.com

[mr2mike]

Originally posted by DJ_NAV
bad day to cash out if you are in the red.

Ya I was close with hnu. Then I thought, technically, I just didn't pick the bottom and when storage comes out, it got kicked a little. Not even 5% drop though so I've held on.
Happy for the guys that bought in at the $4.83 range. However, I didn't add to my position. I might regret that.

[djayz]

Wonder how many stop losses were triggered with that screw up.

It's funny though because Citigroup barely had a dip ($.10), where as P&G dropped a decent 35%!

Imagine coming home today to see all the stink bids you kept putting in filled, haha it would've been an awesome day if that was the case.


The cause according to an article on Globe-Investor:



Why some large-cap multinationals briefly became penny stocks
Simon Avery
16:52 EST Thursday, May 06, 2010
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The wild swings Thursday were a result of a period of low volatility and low volume, says Ali Crosthwait, head of research at ITG Canada Corp.

What that means is that there hasn’t been enough new information recently to drive activity and most investors have been sitting tight.

All of a sudden fear flashed through the markets, related to the European debt crisis and perhaps driven by concerns that some traders had access to key information that others lacked, she says.

“The market got spooked and people panicked. No one wanted to step in and buy. It was quickly oversold.”

Several large-cap stocks appeared to all but disintegrate during the heat of the selloff, when the Dow Jones Industrial Average briefly sank almost 1,000 points.

Shares of Philip Morris International, which began the day at $48.58 (U.S.), briefly traded at $2, before climbing again to $47. Accenture PLC, which began the day at $41.94, traded momentarily for one penny. And Lear Corp., which opened the day at $77.10, has trades recorded at zero, but the stock climbed back to $74.07.

When large blocks moved with a market order, i.s., an order to buy at the current market price, there were not enough orders in the book to protect the seller when the selling panic started, Ms. Crosthwait says.

While there are protections in place that kick in to safeguard against automated computer selling, there is not the same sort of protection for individual trades done as market orders. However, as the dust began to settle Thursday, the exchange moved to clean up some of these penny trades, recording them as error transactions and removing them from the books, she says.

The speed of the selloff Thursday afternoon shows that people are very jumpy and unsure of their positions. It speaks to intraday technical and psychological conditions rather than a break down of any fundamentals, Ms. Crosthwait says.


Sounds fishy....

[max_boost]

Originally posted by cdnsir
Conspiracy or a serious major fck up??



Going to be a lot of pissed off people hitting their stop limits and only to see the damn thing bounced back hahaha

[max_boost]

Originally posted by djayz
Wonder how many stop losses were triggered with that screw up.

It's funny though because Citigroup barely had a dip ($.10), where as P&G dropped a decent 35%!

Imagine coming home today to see all the stink bids you kept putting in filled, haha it would've been an awesome day if that was the case.


The cause according to an article on Globe-Investor:



Sounds fishy....

Oh it's fishy alright. Say you set a lowball bid for a stock and actually forgot about it. Drops from $40 to $0.01 lol and you had the buy price at $10 or whatever. I mean fuck. LOL

Does that really happen? :nut:

[djayz]

^
Haha it did happen to me once last year. Stock was $8 something, had a stink bid in for $5, and something happened that day with the stock and it filled.
Unfortunate part of that was I only bought like 200 so it wasn't a great profit but it was a nice quick one haha.

[cosmok]

Seems like today was a glitch



TRADE CANCELLATION NOTICE



IB has received notice from each of the NASDAQ, NYSE ARCA, BATS, DIRECT EDGE, ISE and NATIONAL STOCK EXCHANGE of their intent to cancel all trades executed between 14:40:00 and 15:00:00 which were executed at a price greater or less that 60% away from the consolidated last print in that security at 14:40:00 or prior. Each has also provided notification that this decision cannot be appealed. At this point we are awaiting information from these exchanges, as well as any other exchanges which may later provide notice of a similar decision, as to which stocks are affected and the break points at which the cancellations will take place.



Once this information has been determined, IB will act to process any resultant position and cash changes to your account and will provide notification of this action via email and TWS bulletin. As such changes may adversely affect account equity and/or margin compliance, account holders are advised to monitor their accounts and manage their risk accordingly. Additional information will be posted as received to the System Status page which may be located by typing the keyword 'System Status' into the IB website search engine.

[civic_rida]

What is everyone buying in the morning?

[kaput]

.

[DJ_NAV]

thinking of shorting stuff tmw... greece/euro does not look good.

[davidI]

Originally posted by cdnsir
Well cashed out my least hurt'n stock. Gonna have some cash on the sideline for now.

One of the toughest things to do in trading is to sell your losers and hang on to your winners. Psychology often makes people sell their winners (profit) and keep their losers (not suffer a loss) when really we should do the opposite. Tough to do, but when you step back and think about it that's the perfectly sensible thing to do!

[PeterGTiR]

Originally posted by civic_rida
What is everyone buying in the morning?

I'm looking at HOD.TO - I think Oil is bearish short term but what do I know...

[el_fefes]

What do you guys think will happen with the European situation? If Euro keeps dropping will the Eurozone die? I hear the line in the sand is 1.20...

[e36bmw///]

nm

[broken_legs]

Originally posted by cosmok
Seems like today was a glitch



Yeah... A "fat finger" talk about bullshit

Every time there is a down day they shut down the NYSE and say there are problems.

NASDAQ is the only exchange reversing the trades... And totally fairly too doing it only on a couple hundred stocks. Hardly fair to everyone.

This was caused by HFT high Frequency Trading. There was a spike in the JPY/USD just before this happened which triggered all of the high frequency trading algorithms to sell at the same time.


I think the rose coloured glasses are about to break.

[cidley69]

Anyone think oil is looking bearish, or do the fundamentals still have it going towards $90?

[cosmok]

Originally posted by cidley69
Anyone think oil is looking bearish, or do the fundamentals still have it going towards $90?

I think oil is range bound between 74 and 78 right now, with general market sentiment really hurting after this week 90 is a long ways off.

[davidI]

My question now is where to find bottom.

HSE looks attractive. Currently $26.68, P/E of $15.90, Dividend of $1.20 (4.4%)....just gotta see how far oil has to fall.

[troyl]

Originally posted by broken_legs


Yeah... A "fat finger" talk about bullshit

Every time there is a down day they shut down the NYSE and say there are problems.

NASDAQ is the only exchange reversing the trades... And totally fairly too doing it only on a couple hundred stocks. Hardly fair to everyone.

This was caused by HFT high Frequency Trading. There was a spike in the JPY/USD just before this happened which triggered all of the high frequency trading algorithms to sell at the same time.


I think the rose coloured glasses are about to break.


http://media.globenewswire.com/cache/6948/file/8211.htm

NYSE as well. I love how when the institutional trading algorithms go to shit they can just close the mkts and reverse trades.

Edit: Moreover, so much for a free market allowing markets to move freely based on supply/demand.

[davidI]

XIU just broke its 200 day MA but has come back above it. It will be interesting to see where the S&P closes today.

[cosmok]

Another overly volatile day :nut:

[997TT]

I think there are a lot of attractive valuations right now.

Personally I would want to be in gold right now. They haven't sold off like other stocks so they don't look as "attractive" but I think there is still money to be made.

Pls do the opposite of my advice as my track record suggests I'm a dipshit. Lol

[yoda124]

nice swings on aapl today...dived $20 then back up almost $20 from the low.

[mr2mike]

HNU is just egging to run higher.
Anyone else notice the $5 range is where people are initiating large orders? Both up and down.

Nexen Weekly Oil and Gas Newsletter May 6th
http://www.sendspace.com/file/71oqex

[max_boost]

Still sitting on the sidelines lol

[e36bmw///]

nm

[troyl]

Next week is the week for Nat gas! HNU will be running hard! Thats what I will tell myself anyways.... Dreams come true sometimes dont they?

[mr2mike]

Ultimately it's still a supply and demand type system. But yes, if gas prices are rising, people will be more likely buying hnu.
Much like how the price of AAPL moves with the revenue reports. Good Q1 = people will buy.

[max_boost]

Originally posted by troyl
Next week is the week for Nat gas! HNU will be running hard! Thats what I will tell myself anyways.... Dreams come true sometimes dont they?

I hope your dreams come true man but I'll quote it for potential awesomeness. :thumbsup:

[s_havinga]

just averaged down my position in HOU, I figure a $10 drop in three days should result in some attempt to gain some of that back. Hopefully that is the case... If do we see that $90+ mark within the next month or so there a lot of money to be made out there right now.

[mr2mike]

I think Troyl just got borrowed a bunch of extra cash for HNU. up 4.5% an hour after he states this. :rofl:

Keep it going!! I want to see $7

[troyl]

Originally posted by max_boost


I hope your dreams come true man but I'll quote it for potential awesomeness. :thumbsup:

Get in while you can Max Boost!

[djayz]

Originally posted by mr2mike
I think Troyl just got borrowed a bunch of extra cash for HNU. up 4.5% an hour after he states this. :rofl:

Keep it going!! I want to see $7

$7 would be awesome!

What makes you guys think NG is going to rise?

[mr2mike]

I'll be honest, gas prices are in the crapper still. The company I'm at, we're happy we've hedged and couldn't survive without the hedges we have.
HNU is riding sideways for the most part (good considering the things as of late and the fluctuations). Will it hit $7, not from what I can see. I see the $6 range to $6.13 as resistance. If it pushes through and goes higher, it will be a game time decision @$6 if I think it can do that. I'm riding it out, and can see this becoming a longer term hold. But on the downside, I can't see it dropping to $4. It could. But I think the gain out weighs the loss potential right now.

Unless there's a big heat wave, hurricane taking out some rigs or facilities or something like that, I don't see gas prices recovering this summer. But you never know.
That's my thinking, it's a risky move but am willing to do it.

[broken_legs]

Originally posted by mr2mike


Unless there's a big heat wave, hurricane taking out some rigs or facilities or something like that, I don't see gas prices recovering this summer. But you never know.
That's my thinking, it's a risky move but am willing to do it.


I cant find the link but I've heard that a lot of wells are getting shut in and platforms evacuated in the gulf right now. This means a lot of NG and oil production is coming offline.

It's because of the oil slick, it's not safe to have people working in a sea of flammable oil and gas.

Maybe this will be the catalyst for NG

[max_boost]

Originally posted by djayz


$7 would be awesome!

What makes you guys think NG is going to rise?

It's not. :devil:

OK I hope it does for the sake of you guys. :angel:

[themack89]

I can't pull up the options on HNU...

But UNG is around same price and is optionable if anyone is interested.

I don't read tea leaves to do my trading, but NG is a 'real' commodity and there is 'real' supply and demand. It seems like NG is setting up a price floor and is not a bad buy at all. Keep in mind though it has been pretty weak since Jan '11.

There is probably better plays which you could get some movement on though, Crude for example.. Wait for $70.

[themack89]

Originally posted by themack89
Anyone planning a short on Sugar when it starts to roll over? :hitit:

Just quoting myself... That was Jan 23rd 2010. :dunno:

Went from high 30.4 to low 13.81.

Supply and demand folks.... Supply and demand.

[SilverRex]

got some time so I'll get this over with this weekend, the dollar has made quite the advance last week, nothing really surprising considering ever since the bottomed was called at 74, the trend is and remains clearly up

I know I had a few different view in count over the last few weeks, but with what is going on with other currency pairs, it is more likely that we are still seeking the completion of our 1st 5 wave advance., the run up late last week was merely a sub iii of 5, we should either see the end of the mini corretion or just a bit further down (should not break lower than 82.70) then one more wave higher high to complete the count.

http://i278.photobucket.com/albums/kk118/genmaster/dollar050910.jpg

As for gold, I am quite surprised at the run up, it did killed my 1194 projection, and so right at this moment, for those that are deciding to go long or short, I Would recommend sitting on the side line until price shows its end. Not of course if you had jumped in when price broke the neckline off 1130 which I Called for price to head for a short term advance, in which case you have the choice to hold on to it for a bullish breakout. But if you still have no done anything, I Would suggest for the bullish scenario to wait for price to break the all import high set back at 1226, once it breaks out, wait for a pull back to retest 1226 before jumping back in to confirm the breakout/retest. if you say, well why cant I jump in now since I have no position, then I'll say where were you when gold was at 700, or even 850, or even when it broke 1033, chances are if you havent already loaded up on physical gold, buying at current level is very dangerous, because it could, make for a double top and collasp, but for bears, I'll wait until we see that double top and price would continue to break the previous support set before thinking about lower gold prices.

the only thing that concerns me is that fact that the recent run up in gold clearly did not mark the characteristics of impulsive uptrending market, as you can see the overlapping of previous high near 1145 and 1169 just does not add up. Anyhow gold in the next 24-48 hours will be quite critical for both bulls and bears

http://i278.photobucket.com/albums/kk118/genmaster/gold050910.jpg

and now for oil, from my last post I suggested ever since oil was unable to break above 87 and sustain above, the double top suggested further weakness, my expecation was to hit some where between 73-78, we got the lower end of that hitting some where in the 74s. not to shabby, however a new revision is now considered. looking at the daily chart, and the fact we had a very impulsive sell off on the general market last week, tells me, oil could be in trouble, if that is the case, then how do we make sense of the price moment in the last year? well it turns out we could have been looking at a triple three correction W-X-Y-X-Z , the key is that its a correction, which does not bold well at all for oil. the 73-74 area is also a critical neckline that has been holding oil up for months. if this pattern holds true, then its only a matter of time until it breaks, then oil will drop quite a bit. i dont rule out a bounce here since most day traders will jump in when its over sold and near an important neckline, but caution is advised. if that red neckline is broken, oil could drop another 15-20 dollar quite easily. initial target if it break for me to consider would be between 55-60. So in other wards, I dont recommend going long unless your in for a day trade

http://i278.photobucket.com/albums/kk118/genmaster/oil050910.jpg

finally lets look at the DOw quickly, the late week sharp sell off no matter if it was trigger due to error or not, is just to big to ignore, if it was an error, why did it close the week below 10750? which was my critical number if you look back at my previous post, having to break this killed all upside momentum, its not going to be fun for the next few months, if you remember back in late jan 2010, I said if dow closed the year lower after the 1st month, based on the last 10 year's perforence, it usually either does two things, move side ways or sell off to new lows. Look when Dow dipped to about 9800 at the end of Jan, is it no wonder we are right back at 9800 so dam fast? just when I thought ok, the 10 year history doesnt mean a thing, and here we are witnessing it about to again repeat itself for the 11th year that the Jan closing of DOW tells the story for the next 6 months and potentially even for the entire year. Now the rally in DOW since march 2009, could also be viewed as a triple three like oil, regardless if its a 5 wave up in a major bull market, or a triple three correction that calls for lower low. the fact holds true that DOW is now in a down trend imo, for the sake of the economy, I would its only going to be a mini correction back down towards 9000 then take off in a new wave III advance. I support the idea of hyper inflation and a eventual collasp in the US dollar theory. But doom sayers according to their wave count still suggest 1000 DOW and 10 dollar oil, and the recent turn of events will no doublt give them plenty of reason to smile. We will monitor the charts as it dips, but right now it appears we are in a sell the rallies for the market. If your not sure, sit on the side line

http://i278.photobucket.com/albums/kk118/genmaster/dow050910.jpg

[djayz]

Today's going to be a massive bull day on the markets by the looks of it!
S&P futures are up almost 5%...hopefully everyone is well positioned for today, can't wait to see what happens...

[broken_legs]

Short squeeze...


"Eurozone Bailout: $955 Billion"

"The FED announces currency swaps with all major Banks following the announcement of ECB package"

"In response to the re-emergence of strains in U.S. dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing the re-establishment of temporary U.S. dollar liquidity swap facilities."

I don't remember voting on whether our central bank owned by the canadian tax payers should be participating in currency swaps do you?

[davidI]

I'm scared for the day that all of this global debt finally hits a tipping point.

[SilverRex]

awhile back I suggested NG was nearly a bottom, while we had some fun swings leaving NG sideways for a few weeks, my last call that I was expecting NG to hit lower, however didnt really selloff the way I would like it too, now I have to start thinking if NG indeed have bottomed for good. Looking at UNG here, a few things to consider, if UNG can find a few closing above 7 dollar, I would imagine it may be an early signal that we are about to embark on a new rally, then follow by the confirmation of crossing the 10/20 EMA to the bullish side.

to me Natgas definately presents a very good risk to reward scenario. but you have to keep your entry and timing to the tee, again if UNG can sustain above 7 I'll begin scaling some longer term position. obviously a rally/breakout pass 7.75 would take us to 9s easily. and over all for many months it may even head higher towards year end.

So which ever comes first, either wait for Natgas to sell off another 10% or some firm grounds above 7 should begin attracting alot of technical buyers.

http://i278.photobucket.com/albums/kk118/genmaster/ung050910.jpg

[e36bmw///]

nm

[broken_legs]

Originally posted by davidI
I'm scared for the day that all of this global debt finally hits a tipping point.


2 choices:

1.) Let countries and banks default. Contagion. Deflation. End of the world.


2.) Print money like a motherfucker, extend and pretend.



I doubt they are going to let anyone default. I think gold, ammunition, and canned food is starting to look better and better. I'm up 25% on my ammo stockpile already! lol

[themack89]

If anyone is interested Asia is experiencing a rice shortage.

Could potentially be the long play of the year.

*Edit.. Shouldn't brush this post off. I like to be inconspicuous, but my last trade I posted here was over a 400% gain on a Commodity. :dunno:

[SilverRex]

UNG looking good, looks like it is so far able to sustain above 7, and closing above 7.40 about would be even more bullish

Natgas lets go :D

[e36bmw///]

nm

[mr2mike]

NG for the wild ride it is! :burnout:

[SilverRex]

ok as I mention this morning, UNG is starting to get very promising, we indeed so far managed to keep price above 7, and all we need is a bit further above 7.35-7.40 to be out of the woods imo,

the strong positive divergence in the back ground there screams at us, get ready to hold Natgas for months and prosper

http://i278.photobucket.com/albums/kk118/genmaster/ung051010.jpg

[themack89]

Originally posted by e36bmw///


what etf is rice :)

No ETF is worthy... Gotta go to the source: futures!

[max_boost]

Originally posted by djayz
Today's going to be a massive bull day on the markets by the looks of it!
S&P futures are up almost 5%...hopefully everyone is well positioned for today, can't wait to see what happens...

Damn it I was hoping for another down day. Oh well. Patience Patience Patience. LOL

[mr2mike]

The thing running through my head is, this isn't "real gains" its just the EU bail out. Will there be a pull back? How strong? I see a 10% gain in NG and I want to pull the sell trigger. Having real trouble seeing a steady, supported rise here.
What's everyone else thinking?
SR says hold on, NG could be on a good run.

[SilverRex]

Originally posted by mr2mike
The thing running through my head is, this isn't "real gains" its just the EU bail out. Will there be a pull back? How strong? I see a 10% gain in NG and I want to pull the sell trigger. Having real trouble seeing a steady, supported rise here.
What's everyone else thinking?
SR says hold on, NG could be on a good run.

my typical strategy has always been to sell half after a decent profit is on the table, then keep selling half as she continues to climb

[max_boost]

Originally posted by mr2mike
The thing running through my head is, this isn't "real gains" its just the EU bail out. Will there be a pull back? How strong? I see a 10% gain in NG and I want to pull the sell trigger. Having real trouble seeing a steady, supported rise here.
What's everyone else thinking?
SR says hold on, NG could be on a good run.

Yes. After this whole European bailout passes through, i.e. tomorrow we can resume "Sell in May" trend to 10,000 TSX. :clap: LOL

[djayz]

Originally posted by mr2mike
The thing running through my head is, this isn't "real gains" its just the EU bail out. Will there be a pull back? How strong? I see a 10% gain in NG and I want to pull the sell trigger. Having real trouble seeing a steady, supported rise here.
What's everyone else thinking?
SR says hold on, NG could be on a good run.

Yah I agree here, today's action is all about the bailout, once the news wears off which I think it will quite quickly we may return to the selling frenzy all over again.

As for NG I'm bullish seeing as how temps are rising everywhere, the gulf oil spill is causing NG rigs to shutdown and the price has been supressed for so long, but at the same time I see today's gains as false and suspect a pullback and for that reason I am exiting all long positions on NG until the next dip.

edit: As of May 5, 2010, two platforms have shut in production and one remains evacuated. As a result, approximately 6.2 million cubic feet of natural gas is shut-in, according to the Minerals Management Service.

[cosmok]

This market has reacted opposite to all conventional wisdom (except buy panic). For some reason I think we'll be headed higher, I'd love to be proven wrong though.