Official Short-term Investments Thread

[max_boost]

Actually not gonna buy shit. I still think after this euphoria is over we gonna see 12,200. LOL

Thinking of completely clearing the portfolio later this week if the markets rise a bit more.

[SilverRex]

DOW looks like correctional sub wave iv may be completed. more upside coming imo

Oil is looking good
NG is looking good
Gold/silver is looking good

dollar is coming down as expected.

[SilverRex]

Originally posted by max_boost
Markets are strong. More big banks reporting this week.

We gonna see 14,000 here or what. :nut: :dunno: :eek:

I got stopped out of HXD at 9.70. Stupid me for wanting to fight market forces. :rofl: Dunno what to do, at least UUU is holding up the gains in the portfolio.

Is this the year the Uranium companies make a strong comeback? Thinking of buying some of these:

PNP, LAM, MGA etc.

i over heard Uranium is pretty close to topping out for now

[max_boost]

Isn't everything close to topping? haha

What did Warren Buffet say again?

:D

[SilverRex]

sell when others are greedy



Originally posted by max_boost
Isn't everything close to topping? haha

What did Warren Buffet say again?

:D

[max_boost]

Is everyone being greedy right now? Or getting there? haha

[pepschnops]

Anyone else here other than 997TT holding GCE?

They are a strong performing company with great assets and a strong balance sheet. Any thoughts on further acquisitions in met coal coming up?

[997TT]

I think ST met coal could be volatile. Medium term I think there is value. I am going to slowly accumulate gce and cmk and possibly wtn if the price is right.

Currently own gce/cmk and am up a bit on each.

Any consolidation in the industry will likely trigger another massive 1 day pop. Price targets on GCE were all raised significantly by analysts.

[pepschnops]

Scotia was projecting a price target of about $16.00 on GCE with the possibility of a 100% premium on purchase.

I really shouldn't be posting in ST thread since I bought the stock last May...

[SilverRex]

well just an announcement to make, my wife is 39 weeks pregnant and I may have to take a short break which could start at any day. Dont be surprised if I'm gone for a few weeks.

a mid week update. So far I have been quite impressed with some of the trends lately, not often do I see all the chart move so well to TA, but lets hope it will continue to do so.

My last update ever since suggesting a bullish short term bias for the dollar targeting to 80-81 has now been fulfilled. I targeted the 81.3 area to be a great shorting play, and so far price was rejected perfectly at 81.4 and down she goes, since the dollar is very much trading in a trend channel shown here denoted in blue lines. The big question is, is that The top? well I certainly hope so, because the euro/usd chart looks bullish and its does feels like the correction in the euro would imply the dollar is also moving counter trend -up- as a correction of its own. at the moment, I'll expect 81.4 is as high as she goes, because if it is not, it could have serious consequence to the rest of market. We could see serious volatility if dollar moves any higher.

So keeping a downside bias, my expecation now is to see the dollar retest the trend channel now situated at around 79.8, a bearish decline or resumption of the original trend which points down requires a strong confirmation that the dollar must break below 79.8 or especially (to be a bit more safe) below 79.40, if this happens I'll short every rally without hessitation as this could quickly re-open the door towards 76 and throw the whole world on the edge of their seat who are anti-dollar. But short term, dollar bulls will be at work, (not out of the woods) with a sharp decline neckling and a small H&S break down neckline intersecting at about 80.80, I'll caution upside potential remains if price recaptures above this area, so cautiously bearish so long its under 81.00 and strongly bearish below 79.80-79.40.

http://i278.photobucket.com/albums/kk118/genmaster/dollar120210.jpg

Now on the oil front, every since making a call a few months ago for oil to test 87, then from 87 back down to 80 then 80 back to 87+, it was like majic +/- a dollar, sweet isnt it? like sidney crosby point streak, we're on fire lol, my over all feel remains a bullish stance in oil for the months ahead, currently price is fighting the 78.6% fibo retracement resistance of the 88 to 80 down move. This is oil bear's last fort, if broken to the upside, it would make new highs imo, so im guessing they may not go out without a good fight. which then gives me the expecation that oil should fall a bit and perhaps consolidate between 85-86.50, if oil is as bullish as it appears, it should consolidate, breakout, retest breakout near 87 then launch into the 90s.

the only alt count I have is if oil breaks down and take out 83.5, then we may be looking at some stronger corrective swings ahead which could point to one more round of sell off under 80, still it would not change the over all bullish view in oil (for me anyways) Id just look at that as a even better entry point. but until 83.50 is broken, my bias remains a bullish one both short and long term.

http://i278.photobucket.com/albums/kk118/genmaster/oil120210.jpg

[SilverRex]

Now onto Natgas, the rise from 3.79 to 4.51 was a sweet move, having met my 1st short term target suggested a few weeks ago, it was obvious that it will correct. while it slightly dove below my expected correctional range at 4.21, it did quickly recapture and remained above the 20 EMA, which is critical for a strong bullish outlook. as long as we hold our heads above this EMA without closing below it, I'll expect our consolidation between 4.2-4.5 to complete soon then breakout on a decisive move. Rememer this neckline that has forced Natgas to turn down at 4.51, 5.01 and 5.23 dates back to December 2009 which it hit a 52 week high at 6.08, therefore as you can see this trend line is very powerful, yet telling if price breaks above this.

Does Natgas finally have what it takes to break the trend? breaking this would open up all higher degree charts technical into a bullish move and could trigger massive short covering (as most shorts on a higher degree are using this as their make or break, exit strategy) id say the odds are pretty good. the only requestion is when not if.

My only concern is the gap (for UNG not being filled near 5.50) and the fact the price isnt moving as aggresively and seems to have trouble holding prior highs as support which can be an indication that the entire run up feels a bit corrective in nature. but count can be seen as a wave iii extension. So id stick to my 10/20 EMA strategy that since it has remained open up, and price remains above the 20 EMA, its a bullish chart imo.

alt count would have price correct back to 3.7-3.8 which will be interesting as it will produce a RH&S scenario bottom. so dont put all your money in one basket. Its always important to save the best for last, either wait for confirmation with price breaking above 4.51 and buy on dips/retest or stay cautiously on the bullish side and see if price will offer any more opportunity under 4 dollars.

http://i278.photobucket.com/albums/kk118/genmaster/natgas120210.jpg

[SilverRex]

one more chart - silver

If you can recall few weeks ago, I had placed a good buy signal at 25 dollars, since then silver has moved back up to 28.8, which is fantastic, as a result trend remains bullish, it can, however suddenly crash without warning, so we must pay very close attention to detail.

right now I will use the previous high at 27.9 as a support, to remains strongly bullish I want to see silver hold above this area for any chance to hit the next target high of 31-32 dollars. failure to remain above 27.9 would begin to shake the foundation of the recent run up, bullish will be scared and bears will come out to party as the chart will begin to sing their tune. whats even more important is the rising neckline that goes way back to the 22.x area, breaking below this would open up the 22-23 area quickly. This will continue to be the alt count scenario. So watch it closely

http://i278.photobucket.com/albums/kk118/genmaster/silver120210.jpg

[max_boost]

Originally posted by SilverRex
well just an announcement to make, my wife is 39 weeks pregnant and I may have to take a short break which could start at any day. Dont be surprised if I'm gone for a few weeks.


Congrats bud!

[Red@8]

Congrats SR!

[dawerks]

Congrats!

[e36bmw///]

nm

[yoda124]

congrats SR


I don't know if this has been mentioned before...the dow s&p and nasdaq are performing the exact same patterns as they were earlier this decade 2002=2008,2003=2009,2004=2010,2005=2011?

following the pattern,methinks 2010 should close out at or near the year highs and the first month into 2011 will be a selloff.

[dawerks]

Banks took a tumble today. Earnings are already out for 4th quarter??

What? Didn't we just go through 3rd quarter earnings? I realize the banks post first, but reallyy??

[dawerks]

Originally posted by max_boost
Actually not gonna buy shit. I still think after this euphoria is over we gonna see 12,200. LOL

Thinking of completely clearing the portfolio later this week if the markets rise a bit more.

13500 before 12000

I said that before.

[e36bmw///]

nm

[997TT]

Fkn Wtn. Oh well least I can piggy back off the sector with gce and cmk.

Such a puss for not buying.

I own pdn (uranium play) to answer e36's question.

[max_boost]

Originally posted by dawerks


13500 before 12000

I said that before.

It might not get there! lol :devil:

[max_boost]

Originally posted by e36bmw///
which uranium company would be a good play right now?

or should i wait for a pullback?

uuu, mrl, fiu, fsy?

I'm up 95% on UUU lol :rofl: but I would wait for pullback. I believe in a pullback to 12,200 in the market, soon.

[997TT]

anybody own GCE/CMK ... man dont know if should sell here or not.

8-10% is usally what i target on ST plays....but damn i see potential for more. and i dont own that much...as i only took half positions compared to what i normally invest.

greed is not good.

[max_boost]

Buddy who has GCE and WTN still holding. I'll let you know when he sells haha

He has a lot more discipline than most of us.

I'm holding onto my UUU but I picked up some HIX anticipating pullback next week!! lol HIX because I can't handle the 2X of HXD lol I hope I'm not an idiot and the market marches towards 14,000 :rofl:

[Hi-Psi]

I've gained 30% in my FIU holdings over the last 2 weeks. Really hoping Uranium continues it's march forward for a little longer.

[el_fefes]

Not sure if a lot of ppl play in the venture here, but did any one see SFF's Friday? Up 147% in one day! :nut:

People are calling it the next Ventana Gold.

[997TT]

Max, how active is your buddy?
i have my streamer up all day... lol

GCE and CMK are killing it.

might sell here...dont know. greedy slant eye mfkr that i am...

edit: out of CMK at $3.16. Still holding GCE for now...

[max_boost]

He's gonna hold GCE and WTN into the new year lol

Those two are up again lol

Anyone see the new layout on BNN? Do not like.

[997TT]

by trying to trade it and buy back on corrections i'm gonna cost myself more money than if i just held...haha

GCE bought under $8, sold half at $9 other half at $10.19.
the rebought half at $9.33. Still holding it and its $10.64.

normally its buy at $X, sell at $Y, watch it go to Y + 20% and cry. lol

[B20EF]

Originally posted by KappaSigma
Looking for a pullback in Bank of Ireland.

IRE and AIB have both been in the green all day. A new investor is apparently about to throw some money at AIB, which would help ease the tension.
Huge risk/reward with these imo.

[pepschnops]

997TT: I'm holding GCE for the long-term. You might be able to make some money trading it but overall I think the biggest gains will come from holding it.

With the combination of high grade met coal they produce, their pristine balance sheet, and coal prices continually rising I think they will be a strong pick for the coming years.

Looking at it from a macro view as long as China continues to grow and build their will be increased demand on steel production. As long as guys are producing steel coal demand will be high. I predict this to be a ~$16.00 stock when fully valued.

As I said in one of my earlier posts Scotia indicated that in the event of an acquisition they believe the purchaser could pay a 100% premium to buy out GCE (http://www.steelguru.com/raw_material_news/Canadian_coal_reserves_lure_global_steelmakers/176452.html).

[e36bmw///]

nm

[dawerks]

Originally posted by max_boost


It might not get there! lol :devil:

Still so sure?

[max_boost]

Originally posted by dawerks


Still so sure?

Another 224pts to go. :D

[e36bmw///]

nm

[dawerks]

Originally posted by max_boost


Another 224pts to go. :D

Better than 1076! :) I would take my side of the wager. :)

[broken_legs]

Originally posted by e36bmw///
Any thoughts on silver?
Trading at $30

HZD at 52 week low

edit** at lowest levels ever

Yes.

Buy More.

JPM et al and HSBC are being taken to court over manipulating the futures market.

Consensus from most is that silver returns to the 16:1 ratio with gold at some point in the near future.

[997TT]

CMK :banghead:

[997TT]

Out of gce. Man that stock has been money.

Picked up some hod at 7.65.

[max_boost]

Originally posted by dawerks


Better than 1076! :) I would take my side of the wager. :)

I had a dream that the TSX dropped 900pts today. LOL

Too bad it was just a dream. hahaha:D

[SilverRex]

Originally posted by e36bmw///
Any thoughts on silver?
Trading at $30

HZD at 52 week low

edit** at lowest levels ever

the run from 25 to 31 was on track, and so I would say it would be entering a short term over sold area and drop, I dont see silver over 31-32 just yet, we should have A top in place any moment, still looking for a ultimate buy area around 22-23 area.

[KappaSigma]

Originally posted by KappaSigma
Looking for a pullback in Bank of Ireland.

ANyone else buy when I posted in the $160 range? Its up to around $2.60 now....

[997TT]

Tank gce. So I can buy back in
Cmon 2-3 day correction....

[e36bmw///]

nm

[997TT]

Here's ur chance to enter UUU...

[KappaSigma]

PMT seems to have found its bottom and now building. Tons of insider buys in the last couple of weeks.

[max_boost]

Someone interpret this for me:


Uranium One shares drop ahead of special dividend

* Uranium One says to pay special dividend on Dec 20

* Shares dive 15 pct to C$4.60, recover to C$5.09 (In U.S. dollars unless noted)

TORONTO, Nov 29 (Reuters) - Shares of Uranium One UUU.TO dipped almost 15 percent on Monday, after the uranium producer said it would issue its special dividend in late December.

The Toronto-based company also said it had completed the initial closing of its deal with ARMZ, issuing 178.1 million shares to the Russian state-owned miner in exchange for $610 million in cash. ARMZ now holds a 40.9 percent stake in the Canadian miner.

Uranium One will issue a one-time dividend of C$1.06 to all non-ARMZ shareholders on Dec. 20.

Shares in the miner fell almost 15 percent to C$4.60 on the Toronto Stock Exchange at the open on Monday, but recovered to C$5.09 by the close, for a drop of 5.9 percent. It was the most heavily traded stock on the TSX by volume.

The price drop was likely caused by profit-taking on the run up to the special dividend, said BMO Capital Markets analyst Edward Sterck. He added the stock will likely remain volatile for the next few weeks.

"There's still people who are likely to be drawn to it ... by the high one-time yield," he said. "There are probably, to some degree, people who might still be looking to take profits."

Sterck, who has a "buy" rating on Uranium One, said the stock could also have been hit by dilution after the company issued shares to ARMZ.

Desjardins Securities analyst John Redstone downgraded Uranium One to "hold" on Monday, saying the shares had appreciated too much in recent weeks. The stock rose more than 70 percent in the last two months.

The second closing, which is expected by the end of the year, will see Uranium One issue another 178.1 million shares to ARMZ in exchange for stakes in two mines in Kazakhstan. Once the deal closes, ARMZ will own about 51 percent.

($1=$1.02 Canadian) (Reporting by Julie Gordon; editing by Rob Wilson)

$1.06/share?

So I have 2900 shares, they are gonna pay me $3000 on Dec 20? :rofl:

Am I reading that right?! :eek:

[skandalouz_08]

Depends what the dividend declaration date is, but that seems like a jackpot to me. I have 1000 shares...might as well hold them for 2 weeks...

[max_boost]

What I'm getting is this.

178.1 million shares for $610million so $3.43/share deal with ARMZ. Obviously when you are buying that many shares, you get a discount.

$1.06 goes to non ARMZ shareholders (that's us)

So $1.06+$3.43=$4.49 and it's currently trading at $4.84.

So that's how I look at it.

Ultimately it'll be interesting to see where the stock price is.

My cost is $2.85 so I'm up nicely lol

[gyu]

Holy crap $1.06 a stock?! Not sure if serious.....

[max_boost]

It all makes sense.


Special Dividend Declaration and Record Date
Pursuant to the definitive purchase and subscription agreement, the board of directors of
Uranium One has declared a special dividend of US$1.06 payable on December 20, 2010,
to all shareholders of record (other than ARMZ) at the close of business on December 10,
2010.

No real difference.

UUU closes at $5.75 yesterday. Buy yesterday, get the dividend.

- $1.06 dividend.

Buy today, no dividend stock price is $4.68 lol

Same shit.
:whocares: :rofl:

[e36bmw///]

nm

[997TT]

Had my finger on gce at 10.15 but chickened out... Next time I looked it was 10.30 so decided to do nothing

Man really thought I would get my 5% on hod today. But wasn't to be ...still holding and am up 0.2x

Picked up CMK at $3.04 at close. Wasn't exactly the pullback I was hoping for (sold at 3.16) but I can live with this price and hope to see $3.3x+ someday soon.

[s_havinga]

I am also hoping to see some drop in Oil the next few days still. If not I guess I bought the wrong ETF, what else is new? haha

[max_boost]

Slow day on the markets. Is everyone waiting for China to raise rates? I am. haha:devil:

[KappaSigma]

NG item.
http://af.reuters.com/article/energyOilNews/idAFN0728472720101207

Interesting part.

In 2011, EIA expects marketed gas production to slip 0.1 percent to 62.01 bcf per day, with an expected 14 percent decline in Gulf of Mexico output partly offset by gains in non-Gulf lower-48 flows. EIA also expects drilling activity to decline in 2011 because of relatively lower gas prices.

EIA also raised its forecast for U.S. natural gas consumption this year, expecting demand to average about 65.88 bcf per day, up 5.7 percent from 2009 demand of 62.30 bcf daily. EIA previously estimated 2010 demand at 65 bcf per day

So they are saying that overall consumption will actually be more than production, which is a 12 motnh overall net withdrawal. Very interesting. Especially when you factor in steady increases to consumption while production will most likely decrease again in 2012 as companies are allocating more capital budgets to oil vs gas, drill rigs for gas are being allocated to oil and overall decline ates of shale gas as years pass.

[997TT]

Flipping met coal is just too easy. Cmon CMK let's run some more.

5.6% a nice start....

Kicking myself over GCE... Had it at 10.15

[997TT]

Sold hod 7.97. Easy 0.32/share.

Weekend money. Lol

[SilverRex]

based on how the euro/usd looks, it appears USD is ready for another dive soon,

that would mean the market will rally. Yes a christmas rally is coming.

[JDMMAN]

SR - what's your take on PMT? Any projections in the next 12 mths?

[tryingtobebest1]

What happened? Wheres everybody go!?

[997TT]

im rotting away at my inside cubicle mindlessly surfing sports and stock sites.....

OPTI getting rocked today....hmmm

[Hi-Psi]

SPM dropped 11% today, wondering if I should re-load.

[max_boost]

I'm waiting for the market to correct itself by 1000pts lol

[Sugarphreak]

...

[Hi-Psi]

I personally think that if you wait to get your money in you will lose out on a lot of possible profit. From now till the end of the year is going to be very profitable for a lot of people.

[Sugarphreak]

...

[Sugarphreak]

...

[Hi-Psi]

My re-load just went through for SPM at .83, might be taking a gamble as it broke through it's last support but I still think it's a sold play so hopefully it's makes a nice turnaround in the next couple months.

Almost bought BAJ today too but it didn't hit it's buy target so I guess I'll wait a little longer on that one.

[skandalouz_08]

Hey 997, you going to jump back into GCE tomorrow or did you already do it today? Closed at 10.15

[997TT]

Thought about it really hard but didn't buy

Still holding cmk

Also picked up CLL

[SilverRex]

Originally posted by JDMMAN
SR - what's your take on PMT? Any projections in the next 12 mths?

still expecting NG to go parabolic within the next two months, and so PMT should rise, if then pmt still does not perform then I would exit

[nobb]

Short term PMT seems to be roughly tracking NG performance. If based simply on that logic, it's going to take a huge increase in NG pricing for PMT to regain the $5/share levels. Maybe $6-7 NG at this rate. Either the NG "parabolic movement" is heavily delayed or it wont be as big of a run as everyone is expecting. People have been saying since the end of the summer that "NG is ready to expode" but it's already nearly the end of the year and there's barely any action. However, this is supposed to be a really cold winter in North America so hopefully we can get some good news soon.

On the other hand, PMT is beginning to transition from a nearly 100% NG based company to having business in gas storage and interest in Cardium. Hopefully this should provide some stability from NG fluctuations. I think PMT may be a long term hold.

Im surprised though...PMT's Q4 results seemed positive to me, yet their share price kept plummeting. Hopefully Q1 results will bring PMT up...

[997TT]

Just added GCE at $10.03 (i'll take a 7% pullback from where i sold).

Added SBB at $4.95

currently holding in my ST daytrading acct
CMK
CLL
GCE
SBB

[max_boost]

-90pts. Not bad.

Go Bears Go! :rofl: :whipped:

[997TT]

Just added stockstream mobile on my BB.
Lol

Last time I had a RT streamer on my mobile I got ass fked on HND.

When will I learn. Lol

[skandalouz_08]

I actually am in a conference today, haven't had time to watch, but did have a buy order for GCE filled at $10, seemed like a good idea to me, now to wait and see, normally I go against 997's trades :P

[997TT]

Originally posted by skandalouz_08
I actually am in a conference today, haven't had time to watch, but did have a buy order for GCE filled at $10, seemed like a good idea to me, now to wait and see, normally I go against 997's trades :P

So u must be loaded then... Haha
B/c I blow. Though lately been cashing it in good

[KappaSigma]

Anyone in EE? Thinking of adding a position to a high % junior oil company.

[JDMMAN]

Thanks for the input SR & nobb - trying to decide if I should average down my PMT share price which is quite close to $5/share

[nobb]

Eric Nuttal apparently just made another public comment on his dislike of PMT which is why we are seeing another big dip today. The market really seems to shift significantly due to this guy's comments. Anyone know a little more about him? Is this guy like another Jim Cramer?

It appears that it may take more than strong NG prices to get PMT back up to where it was before. I really do think PMT is a long term hold, perhaps even into winter 2011. 2010 obviously isnt the year for natural gas as everyone is scrambling to add massive shale reserves leading to oversupply. Hopefully reduced drilling activity in 2011 due to NG's poor performance will bring prices back up near Winter 2011.

[KappaSigma]

IMO, PMT is like a less developed POU or TET. Similar assets just not as developed as them yet. Give it a year or two, even without NG prices and I think you will be smiling.

Riddel family is avery very good at what they do and the father has 25+ million shares in PMT alone, or 100 million.

[max_boost]

^^
Interesting. Also at 52 week lows too. :D

[dawerks]

Just bought OPC at .48 and .49

I have a tight stop, but eeeh, what the heck. If there's a buyout at 3.50 that would be a nice 7 Bagger!

[FlamingC19]

Has anyone taken a look at Youku.com? Supposedly its regarded as the Chinese Netflix shares we're up 187% after their IPO have come back and are up 12% today. What do you guys think?

[dawerks]

3.3 Billion market cap?

I think it's f@#$@# retarded. Shows how the market really works.

The market is just a casino, I think the sooner that people realize that, the quicker we can make profits.

[davidI]

Originally posted by JDMMAN
Thanks for the input SR & nobb - trying to decide if I should average down my PMT share price which is quite close to $5/share

One of my favourite quotes is that "Losers buy Losers"

You should be buying more of your winners, rather than adding to your losers.

Another good adage is "Don't Fight the Trend" - and right now the trend is down.

The RSI is currently 36 so if you are going to average I'd hold on and look to buy when it reaches under 30. It also looks like there will be a death cross soon on the 50/200 day MA, another negative sign technically.

If you're really convinced that things are going to turn around, wait until it kicks into an up-trend.

The fact Ryddell keeps buying is a good sign, but the price is already below where he bought at so it really hasn't done much to influence the market. http://www.investorpoint.com/stock/PMGYF-Perpetual+Energy+Inc./insider/All%20Insiders/All%20Types/

[Hi-Psi]

I've said this before and I'll say it again. Why do a lot of you guys still bother with NG this season?

The chances of it making any decent gains this year are slim to nil. There are a lot better places to be puting your money right now.

And with PMT, again, why bother? It's not going anywhere anytime soon. The chances of it doing anything soon is again very slim.

It seems like a lot of you are married to this stock and it just boggles my mind why you would continue to buy a stock that isn't doing anything positive.

[nobb]

I guess everyone was expecting NG to explode right after a big dip at around Sept-Aug like the years before. Everytime NG hit a new low, the comment would be "oh yea...this is it boys...NG will be ready to explode next week!" Then, only to find that NG hits another new low the week after. Even when NG did show signs it was going to make a bullish run, it was usually only small blips...only to come back right back down again. I suppose the excess inventory (too much drilling), lack of storms, and warm weather should have been early signs that NG wasnt going to do anything soon. There was a long period where you pretty much knew NG was going to be in oversupply so you could just make quick flips by buying HND on wednesday, then flipping it the day after as inventory reports were released on thursday.

I think the only reason to invest in PMT now is if you are willing to hold it long term. Maybe 2 years or more. The dividends are nice though, and hopefully PMT shouldnt go down significantly since NG should be pretty much bottomed right now.

[997TT]

I wouldn't touch opti unless I was short. I think its going bankrupt.

Gce touched 9.55. Fak. Thank god its back to 9.8X

[Feruk]

Originally posted by dawerks
Just bought OPC at .48 and .49

I have a tight stop, but eeeh, what the heck. If there's a buyout at 3.50 that would be a nice 7 Bagger!

$3.50? Congrats on owning a company involved in one of the worst oilsands plays that doesn't have money to spend to develop the play. I think a safer bet is bancrupcy.

[JDMMAN]

PMT is in my RRSP, so its a medium/long term hold for me anyways... not looking to day trade on things like that. Hence the thought of averaging down my cost. As long as the dividends still keep coming, it doesn't hurt to hold in a medium/long term timeframe.

[997TT]

That thought is good but you need to factor in opportunity costs.
I've held some real pos stocks and said the same thing... End of the day unless you really believe in mgmt or their story then they are probably going nowhere.
In the past if I held stocks that flat lined or traded in a tight range keep selling calls to lower your cost.

[Hi-Psi]

SPM is up 20% in 2 days from when I reloaded at 0.83.

Glad to see it rebound nicely.

[tryingtobebest1]

I lost so much money on HNU, but tempting to get back in! 6 Trading days going down!

[Feruk]

NVS is my favorite oil & gas micro cap. Good land position in Viking oil play, no debt, huge inventory.

[dawerks]

Originally posted by Feruk
NVS is my favorite oil & gas micro cap. Good land position in Viking oil play, no debt, huge inventory.

Yeah, that young guy on BNN said it was his top pick a few days ago.

That's how I get my picks too, from TV.

[e36bmw///]

nm

[aklalani]

double leveraged piece of shit etf. FUCK