Official Short-term Investments Thread

[dawerks]

max; You worry too much, you're gonna have a heart attack. You don't even own any stocks on the Nikkei. Hell you're probably sitting on 90% cash :)

I sold CMM and bought CCO. Probably a little too early, but I have a list of good Canadian companies and if they go on sale, I buy! The 6 banks, Tim Hortons, RIM, LLL, Canadian Tire, CCO, POT, Brick, Telus, Rogers, SU etc etc (a few Riets and income trusts).
The problem is, these companies RARELY go on sale. I will add them to long term cores. And I will trade all the rinky dink stuff.

GOZ was up 8% today (finally, I have a big fat boat load of cash in GOZ). NWI is hanging sideways (it's a 5 bagger, BELIEVE IT!) :)
I am thinking of rebuying CRUS, XIDE, JMBA (after getting beaten), but this is a long term game.

[Inzane]

Originally posted by SilverRex
either we go up from here and phase transition into a new trend channel or we correct further,

I've lost track of the number of times you've basically said "either we go up, or we go down" in this thread.

I might as well say 50% chance of rain in the weather forecast. ;)

[gyu]

Originally posted by dawerks
NWI is hanging sideways (it's a 5 bagger, BELIEVE IT!) :)
I am thinking of rebuying CRUS, XIDE, JMBA (after getting beaten), but this is a long term game.
Nuinsco Resources Limited ?

What makes you think it'll be a 5 bagger?

[dawerks]

Market cap of 48 Million, PE of 6.0 and 2.19 OZ/t assay recently. Book value of .06 cents and climbing.

I'm not the only one that feels it's well undervalued, but it's a junior and these guys can be broke or go insane, but RARELY to juniors make any money. These guys are and they are spread out in gold, uranium, rare earth metals etc

5 Bagger in 3 years (not tomorrow). I'm happy putting 15 Grand in it and see where it goes 3-5 years from now.

[broken_legs]

Originally posted by dawerks


5 Bagger in 3 years (not tomorrow). I'm happy putting 15 Grand in it and see where it goes 3-5 years from now.

play money... pfffft:bigpimp:

[SilverRex]

let see if the correction lately would give us a great buying opportunity.

no matter how the world falls out, I say you cannot go wrong holding food/energy/metals (in that order)

as quick as they can drop, they can also rebound sharply as uncertainties, disasters and unsettling world events will continue to be the cover story for the next decade.

looking at oil, my long term projection still favors a high touching off some where between 126-130, with oil coming off a recent 52 week high, I would expect price to land comfortably and with great support around the 9x area. Key support of 87-88 will have to hold to maintain bullishness otherwise risk retest of 70 oil.

http://i278.photobucket.com/albums/kk118/genmaster/oil031511.jpg

[SilverRex]

looking at silver, the latest sharp rally can be pointed to the fact that we are in the midst of a wave III advance which is usually the most powerful move in a 5 wave structure. however it may be coming to an end. The only thing I can comment right now is the this will only mean it will correct into a wave IV (a buying opportunity) then we will launch for a wave V to hit 50 dollars

key support at 31.23 must hold or risk a deep correction back down to the 22-23 area, but overall trend remains bullish for one parabolic finale.

http://i278.photobucket.com/albums/kk118/genmaster/silver031511.jpg

[SilverRex]

as for natgas, the winter season strength was capped at 4.83 which appears it isnt quite ready for a breakout, but I still see it breaking out eventually, and with oil holding at 90-100 dollars, its only a matter of time until natgas catches up, the typical oil to gas ratio of 18 would suggest natgas to be around 5.50, anyhow last suggestion that the 3.7-3.8 was a good buying area for natgas so far is looking pretty darn good. as long as 3.74 holds, we should slowly work our ways up, confirmation of new trend to emerge requires price closing above 4.25 to turn medium term bullish

long term breakout targets 6.5 as a minimum and I see we will hit that this year. Dont forget the nuclear factor in japan could kick start new interest in natgas demand.

http://i278.photobucket.com/albums/kk118/genmaster/natgas031511.jpg

[ZenOps]

I wonder how ugly it will be today, next week, and whether this is the spark needed for the double dip to depression.

As mentioned gold and silver do not protect against market crashes. Nothing is safe in a market freefall, only your mattress is.

[997TT]

there will be some amazing daytrade opportunities
double edged sword but some stocks will sell off too much and be easy 10% rebounds off lows.

even stupid shit like 0.10-0.25 if you have enough shares can lead to $500-$1000

[SilverRex]

Originally posted by 997TT
there will be some amazing daytrade opportunities
double edged sword but some stocks will sell off too much and be easy 10% rebounds off lows.

even stupid shit like 0.10-0.25 if you have enough shares can lead to $500-$1000

correct,

the market is in much needed of a correction but it needs a catalyst and I think what happened in Japan will be used as a trigger, as much as I rather not see something like that happen, people will do anything to make money and sadly this piece of event will be used as such

here we go short term panic sell in metals as nikkei index took out a critical support and will force deleveraging which will hurt metals

silver targeting 31.x, gold key area at 1360, when this is all said and done the market will begin the printing press again and so metals will certainly rebound.

[997TT]

bought UUU at $3.47
not sticking around though... hoping for 0.10+ and i'm gone

[SilverRex]

Originally posted by 997TT
bought UUU at $3.47
not sticking around though... hoping for 0.10+ and i'm gone

last time I check uranium hit a cycle top in January if I was not mistaken, so no surprise it was subject to a sharp correction, however the huge drop has open a gap up in the 5.5x area on UUU which I See filling eventually so definitely a very good risk/reward play here.

3.32 must hold or chart will be damaged beyond repair

[997TT]

Originally posted by SilverRex


last time I check uranium hit a cycle top in January if I was not mistaken, so no surprise it was subject to a sharp correction, however the huge drop has open a gap up in the 5.5x area on UUU which I See filling eventually so definitely a very good risk/reward play here.

3.32 must hold or chart will be damaged beyond repair

i have a sell order in at 3.57. lol...need another 0.05.

man so many stocks bouncing around.... how is one suppose to work today...haha

[997TT]

what else are ppl buying... or is everyone waiting on the sidelines?

[997TT]

in avl at 6.03
sell order at 6.15

cmon...just a mini pop for UUU and avl and i'll be happy for today.

[dawerks]

Batton down the hatches boys, shes' a rough one! Sorry for jinxing the market, that's on me :)

I like 997TT's idea. I got stopped out on a few things, so it opens up cash, it's all relative I guess. And I don't buy full positions all at once, but it's painful to have a full position, then get stopped out.

Most everything I have is red except DOG. I learned my lesson maaaany years ago not to try and short anything, but congrats to anyone who has the balls to do so now!

[997TT]

avl just filled...now its running. haha

cmon uuu...get me out

onto the next target.

[FlamingC19]

Anyone from awhile back still holding Uranium One or am I the only idiot that didn't sell. Would you cash out now?

[997TT]

Originally posted by scotty_69
Anyone from awhile back still holding Uranium One or am I the only idiot that didn't sell. Would you cash out now?

changed my order to 3.53 and it filled....

selling here would be tough...but after back to back 20% days i dont know what i'd do. I'd prob lean towards holding if your outlook is medium to longer term.
the sell off is overdone imo

[Hi-Psi]

Originally posted by scotty_69
Anyone from awhile back still holding Uranium One or am I the only idiot that didn't sell. Would you cash out now?

If you're medium/long term then hold onto what you have, buy some more and let it ride. That's honestly what I would do.

[dawerks]

Once again, people dump gold and run to the safety of the USD.

Japan lost billions of dollars worth of goods overnight and pumped in billions of dollars worth of money. If that isn't insta-inflation, I don't know what is.

'Inflation' and all those cute catch words don't mean anything, its' what's happening in the real world that counts. People dump gold, and buy the USD. This is as stark and as real as it gets. Gold is a trade, and there is no easy hedge against inflation (actually there is, but it takes more than a paragraph to describe and everyone already knows it). The market never lies!

[997TT]

shit should've stayed in UUU longer...lol
oh well, a profit is a profit...something i haven't been able to say much of this month.

back in AVL at 6.14. sell order at 6.23 for 3k shares.

[997TT]

avl filled again.... i'll take the money today given the rest of my portfolio shit teh bed.... lol

[max_boost]

Markets started out so brutal but the TSX has fought back a bit. I don't know. I'm sure this is going to continue on for awhile.

[Zewind]

Oh the pain :facepalm:

[dawerks]

Bought back and re-sold CMM. The deal has already been announced for around .70, so I have no idea why people sold it off this morning. Easy money.

[997TT]

Back in avl at 6.13
Sell order at 6.23. Cmon I hope I haven't tapped this well one too many times

[TheRealTimHorton]

Originally posted by dawerks
Once again, people dump gold and run to the safety of the USD.

Japan lost billions of dollars worth of goods overnight and pumped in billions of dollars worth of money. If that isn't insta-inflation, I don't know what is.

'Inflation' and all those cute catch words don't mean anything, its' what's happening in the real world that counts. People dump gold, and buy the USD. This is as stark and as real as it gets. Gold is a trade, and there is no easy hedge against inflation (actually there is, but it takes more than a paragraph to describe and everyone already knows it). The market never lies!

I already explained how Gold hedges. Go back and read my post history.

[broken_legs]

Originally posted by dawerks
Once again, people dump gold and run to the safety of the USD.

Japan lost billions of dollars worth of goods overnight and pumped in billions of dollars worth of money. If that isn't insta-inflation, I don't know what is.


Ever heard of the carry trade? Theres a HUGE monetary deflation in Japan right now... If thats not inflation then its... Well actually its not, not even close. Actually its the exact opposite. :rolleyes: Hey Look the Yen Is RISING. MUST BE INFLATION! lol dumbass.



'Inflation' and all those cute catch words don't mean anything, its' what's happening in the real world that counts. People dump gold, and buy the USD. This is as stark and as real as it gets. Gold is a trade, and there is no easy hedge against inflation (actually there is, but it takes more than a paragraph to describe and everyone already knows it). The market never lies!

People got margin calls and gold drops 10$ and you start crying that the sky is falling....

Meanwhile in CANADA - ( Where we are by the way) ... Look whats happening to gold - THE HORROR!!!

Actually its the best performing part of my portfolio right now (except my EM shorts)

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

[Hi-Psi]

Originally posted by broken_legs


Ever heard of the carry trade? Theres a HUGE monetary deflation in Japan right now... If thats not inflation then its... Well actually its not, not even close. Actually its the exact opposite. :rolleyes: Hey Look the Yen Is RISING. MUST BE INFLATION! lol dumbass.

People got margin calls and gold drops 10$ and you start crying that the sky is falling....

Meanwhile in CANADA - ( Where we are by the way) ... Look whats happening to gold - THE HORROR!!!

Actually its the best performing part of my portfolio right now (except my EM shorts)[/IMG] [/B]

Can you please learn to get your point across without sounding like a complete and total asshole.

Thanks

[yoda124]

in for some UUU at 3.83 I think it will snap back to 4.50 ish tomorrow.

[Sugarphreak]

...

[997TT]

Avl is a day trade gold mine
Cmon can I cap the day off with a 4th flip.

[e36bmw///]

nnm

[max_boost]

Crazy!

TSX might break even for the day haha

[997TT]

anybody buying stocks and holding it overnight thinking tmw will be an up day?

debating grabbing some avl ...but dont know.

[yoda124]

Originally posted by Sugarphreak


I don't think so... my guess is speculators started picking it up this morning after the 20% drop which is why it was driven up10%.... and like any good trader now they will start profit taking... which will spark another sell off and crash it again tommorow.

bids have been pretty strong all day...after a 50% haircut in 2 days shorts would be crazy not to cover.I got 50k shares riding on this to $4.50 tomorrow.

[SilverRex]

Originally posted by e36bmw///
damn, uuu never hit 3.30
missed out

u dont want it to hit 3.30 because that would be a breach of support

[ZenOps]

North American markets taking things surprisingly well, so far.

As is, I think the markets see it as a winded competitor and not so much a winded contributor. Japan has always had its own economy.

If there is a meltdown, there is no question it will irradiate for years to come, and will contaminate both BC and California. In which case the north american markets would definitely be hit. Radioactive marijuana!

BTW: The SuperMoon peaks on March 19th. There is still plenty of time for another earthquake in a different part of the world. Aforementioned BC and Cali are both overdue.

[el_fefes]

Originally posted by dawerks
Bought back and re-sold CMM. The deal has already been announced for around .70, so I have no idea why people sold it off this morning. Easy money.

I've in in CMM since last April. What do you think will happen with this? Ppl don't seem to like the offer. Rumour has it there's a white knight willing to offer $1.05/sh cash. Lots of volume. Easy if you're looking for the flip.:)

[Sugarphreak]

...

[dawerks]

Originally posted by el_fefes


I've in in CMM since last April. What do you think will happen with this? Ppl don't seem to like the offer. Rumour has it there's a white knight willing to offer $1.05/sh cash. Lots of volume. Easy if you're looking for the flip.:)

In people's estimations it's worth .70 cents and the market seems to agree, so that is the minimum price (-trading discounts of course). So if it hits the 50's, I'm buying, if it hits 60's, I'm selling :)

The smart money of course would buy and hold WTG or get their free shares by holding CMM, as it got unfairly crushed (but it made it back somewhat early morning for what reason?). By holding you win with (maybe) the next huge offer coming in or simply by having a better company emerge (if someone actually cares about that anymore??).

(I am dumb, I sold CMM and took the eaasy money and bought CCO, I consider these free shares and I will never have to sell them).

[dawerks]

A little bit of levity! Or if you can't figure this out, you should NOT be buying stocks...


Originally posted by sputnik


Uh. no.

Company X IPOs at $10/share.

You buy 1000 shares at $10 and sell them to me when they reach $20.

I buy those shares at $20 and sell them to someone else at $30.

Who lost money?

[davidI]

Currently working in the same office as this guy:
http://people.forbes.com/profile/gary-r-king/121421

He's recommending looking at Renewable Energy stocks at the moment as he figures the public backlash against Nuclear will drive more money towards renewable resources. Logical enough...

Anyone aware of leading companies listed on the TSX? I'm not looking for anything with unproven technologies or start-ups - I want market leaders...

[dawerks]

Solar was the play yesterday :)

I'm buying CMM again.

[Hi-Psi]

Did you end up buying CMM at 0.56 or waiting to see?

[Hi-Psi]

Buy order in for CMM @ 0.54

[997TT]

order just filled on AMZ.V
3k at $6.95

gonna put in my sell order i think....keep the emotions out of it.

[dawerks]

Originally posted by Hi-Psi
Did you end up buying CMM at 0.56 or waiting to see?

I don't buy at one price :) I have fills at .58 to .55 and I have orders in all the way to .47

When the money's all used up, I stop buying. When the price moves up, I buy ever 2% increase in SP to a certain point, then I stop and relax. (I don't think I would buy over .62)

Edit; I don't like the one big buy, I like the tiny nibbles that way you own a spread of shares. Less panic inducing and you always have some cash 'just in case'. If the price runs up, that's good too! It leaves you alot of flexibility vs 'drawing the line in the sand'.

[Hi-Psi]

Yeah I have a fill order at .54 and .50. I'm taking half a position at each.

[dawerks]

I would rather go with 6 buys at .56 to .50 than 2 buys at .54 and .50

I don't think you will fill at .54 or .50 FWIW the panic selling was at .55 and now it's rebound a bit. BUT, no one ever knows. That's why it's smart and easier to be flexible. Then there's always tomorrow right? :)

[Hi-Psi]

Originally posted by dawerks
I would rather go with 6 buys at .56 to .50 than 2 buys at .54 and .50

I don't think you will fill at .54 or .50 FWIW the panic selling was at .55 and now it's rebound a bit. BUT, no one ever knows. That's why it's smart and easier to be flexible. Then there's always tomorrow right? :)

One thing I'm unsure on though, does Royal Bank combine the fees if you do more than one buy order? I know it does if it does partial fills on an order but what about separate orders in the same day? I can't seem to find any info, I might have to call them.

[max_boost]

Originally posted by TheRealTimHorton


I don't watch the TSX, I watch S&P500 so you will have to extrapolate your own judgements.

If S&P starts closing around 1280 and lower, it would be a much more attractive short price than 1300 to 1320 (where it is now).

Does that make sense?

We are nearing the teetering point... Thats for sure.

SP500 at 1260 right now.

Thoughts?

[max_boost]

Short Apple lol

http://www.zerohedge.com/article/shorting-apple-and-why-software-developers-can-make-more-money-android

[Sasuke_Kensai]

Originally posted by Hi-Psi


One thing I'm unsure on though, does Royal Bank combine the fees if you do more than one buy order? I know it does if it does partial fills on an order but what about separate orders in the same day? I can't seem to find any info, I might have to call them.

Yup, as long as it's within the same day (at least for the 'active trader' status). I think it's the same without that status but not sure on that.

[dawerks]

UUU is a falling knife, I want to try and catch it. The way it's getting crushed means there's going to be a nice dead cat bounce.

This is usually the easiest way to make 30-50%, but it's also a good way to get squashed. I made a 50% play here on OPC after it DCB'd.

On a DCB that's the only time I will usually go for the 'big one time buy', one time big sell, usually you only get a few minutes to pull it off. GAME ON!!

[max_boost]

TSX is all over the place today. Down 100, up 100, down 100, about to hit par.

dawerks: you are crazy man to try to catch the Uraniums right now. :nut: :dunno:

[dawerks]

I wanted to hit UUU but there's too much short interest. NOT interested. I'm happy with my CCO buy.

I've seen this type of price action (UUU), the price starts to run, then there is a wall of asks, and boom, short short short (100 here, 100 there, and soon it's back on). No thanks, not the DCB I want.

There's no committed buyers, but there are committed shorts/sellers.

But otherwise, today was a perfect trader day, not so much for old guys like me, but I still have a trick or two up my sleeve and it's fun to learn how the market NEVER changes :)

max; DOG is doing great, it's kinda nice having a little insurance. I'm not a fan of the American market and this is the perfect anti-US play :) Come on over! HIX is not where you want to be is it??

[Sugarphreak]

...

[997TT]

sell order on AMZ filled at $7.20
nice $750 to make my afternoon.

bring on tmw's selloff

[bitteeinbit]

Originally posted by Sugarphreak
Dropped into T-BDI and T-NA today
Are you in BDI for the long-haul? I always shy away from low-volume stocks, though I did go into GW in december last year and sold a week or two later. I shied away from going into AF at the same time because of it's really low volume, but they both turned out well.

[max_boost]

Originally posted by dawerks
I wanted to hit UUU but there's too much short interest. NOT interested. I'm happy with my CCO buy.

I've seen this type of price action (UUU), the price starts to run, then there is a wall of asks, and boom, short short short (100 here, 100 there, and soon it's back on). No thanks, not the DCB I want.

There's no committed buyers, but there are committed shorts/sellers.

But otherwise, today was a perfect trader day, not so much for old guys like me, but I still have a trick or two up my sleeve and it's fun to learn how the market NEVER changes :)

max; DOG is doing great, it's kinda nice having a little insurance. I'm not a fan of the American market and this is the perfect anti-US play :) Come on over! HIX is not where you want to be is it??

I switched out of HIX into HXD. Basically same thing but I get 2X the gains or losses. It's 200% inverse to the TSX60.

I'm up about 1.5% on it so far. Go in at $8.60. I thought I nailed it good yesterday when the markets opened -350pts, that's equivalent of a 700pt swing for me haha too bad it rallied back. HXD got as high as $9.08 before retreating.

The TSX was all over the place today and ended up closing down slightly. I guess you can say I'm slightly disappointed given the fact the Dow dropped over 200pts but if you do the math, both indexes are about 6% off its peak and I've always believed they will move alongside each other.


Take a look at HSD. It's 2X inverse SP500. Accelerate your gains and losses lol Today you would have been up 4% instead of 2%. :devil:

Anyway, it depends which side you are on, bear or bull. I get brain washed easily lol like sputnik once called me, a plastic bag in the wind :rofl: Thanks to broken_legs I've been reading way too much zero hedge, boom bust blog etc. these days. Going to wait for the shake out, the Feds to issue QE3 and then go long again lol

[bitteeinbit]

Those funds are so weird, haha. Is VXX similar? You essentially buy when you think the markets will go sour and sell once things start going well again? What will happen to these ETF's in like 15 years? they'll become penny stocks? Is it possible to short sell HXD, HIX or HSD?

Hah, a world where people who go long are bears and short sellers are bulls :burnout:

[max_boost]

I can't comment on future/options etc. because I don't know a thing about them. Not familiar with VXX either lol

But the Horizons ETF's there are no liquidity concerns because they are bought and sold back to the brokerage as the fund manager creates the liquidity to meet demand.

As for its pricing, it depends on the ETF and what commodity or index it's tracking. If the ETF is leveraged 2 or 3X, the price will erode over time. Take a look at the 3 year chart of HOU and HNU, and then at it's opposite HOD and HND and you'll know what I mean. :rofl:

[Sugarphreak]

...

[997TT]

added LLL at 360 @ 74.55
seems overdone with their quarterly results.

[SilverRex]

http://i278.photobucket.com/albums/kk118/genmaster/natgas031711.jpg

[SilverRex]

expecting gold to reach 1500+ and silver 40+ next move up, current market correction should be a minor blip, once dust settles we should see resumption of advance across all sectors right in to middle of June which will be the next turning point

agriculture remains bullish short term, medium term and long term. yes I expect agr stock to be well positioned and is ready to take off yet again.

Natgas chart is setup for a run, but requires a few technical breakout point to confirm trend and bring in all the TA investor, high oil will eventually pull NG up in due time, crisis in Japan will only further aid alternative energy discussion and will spark a rally. (caution: if you trade NG etf, only short term with tight stop is recommended)

[dawerks]

Originally posted by 997TT
added LLL at 360 @ 74.55
seems overdone with their quarterly results.

ATTA BOY! Go Canadian stocks :)

Now that nasty bit of nastiness is over, let's get to making serious money!!

[SilverRex]

either oil is over priced or NG is way under valued.

at 100 oil, NG should be at 5.55 so with the passing days gone by, one will catch up to the other.

I have some RRSP moved to money market a long time ago, and have moved back 50% back into TSX small cap, the other 50% will be allocated as well if TSX does offer a good buying level in the 12xxx, if that does not happen I will wait for TSX to set a new high and a retest of 14000 for re-entry.

[DUBBED]

My portfolio is heavily weighted towards natural gas E&Ps, and by heavily weighted I mean 100%. Hope you're right about natural gas silver, time for a good run...

[max_boost]

Nice bounce back day. Energy sector charging hard.

[bitteeinbit]

TRE up 6%+ :bigpimp:
NPR.UN up 2.4%
DOl up 1.3%

I'm feeling a bit better now. I added a bit to my position in TRE during the dip. Should have added to DOL and NPR as well but no available cash. :dunno: Now if only CLQ could come up with some good news for once...

I think I might get a bit of GPR because I like Silver, but I doubt it's going to reach 6$. I've been burned chasing a stock before so I'm a tad reluctant to enter at this point.

[Zewind]

CRJ is up 12.22%

[max_boost]

Damn the Uraniums are looking attractive at these levels. I wonder how much time needs to go by before people kind of move on. 6 months? 1 year?

It's unfortunate what happened in Japan but it's not everyday you get shaken by an earthquake and then washed out by a Tsunami. :nut: :dunno:

[997TT]

Originally posted by bitteeinbit
TRE up 6%+ :bigpimp:
NPR.UN up 2.4%
DOl up 1.3%

I'm feeling a bit better now. I added a bit to my position in TRE during the dip. Should have added to DOL and NPR as well but no available cash. :dunno: Now if only CLQ could come up with some good news for once...

I think I might get a bit of GPR because I like Silver, but I doubt it's going to reach 6$. I've been burned chasing a stock before so I'm a tad reluctant to enter at this point.

ya my buddy is in and out of GPR for daytrades all teh time.
i'm trying to get in with a low bid.

my sell on LLL filled....now i'm bidding 74.45 to get back in. lol

[SilverRex]

11% on hnu.to not to shabby,

watch 4.25 closely, if NG can close above this, watch out. last attempt failed at 4.24 hence new low

[Neil4Speed]

Had a nice ride on SU, CNQ, IMO today... But a bit surprised to see this.

Can someone give me a bit more insight into the uprun today - especially considering the generally tame day yesterday?

Bahrain concerns, but Bahrain is a pretty low producer of oil relatively. Japan is a massive consumer, and would presumably be consuming less after this massive earthquake.

[997TT]

Bought 6500 @ 2.15 IPT.
See if I can squeeze a quick flip tmw

[dawerks]

I took my other failed attempts to make US positions and bought CAT

There is no way Japan is going to be able to rebuild without alot of help from MR CAT and his friends. This could be an easy upward move to the 120 range.

This is all time highs, but when I think 'work'/rebuild, I think CAT. I'm out if it approaches 98.39 Plus, how is Japan going to generate power?? Lots of generators, lots of big machines needed.

[broken_legs]

Originally posted by DUBBED
My portfolio is heavily weighted towards natural gas E&Ps, and by heavily weighted I mean 100%. Hope you're right about natural gas silver, time for a good run...

UN No FLy Zone = bomb Libya, oil country unrest etc...

Still waiting for a moon shot with oil here.

[Hi-Psi]

I leave the computer for the last hour of trading to see CMM drop 7%.

Order filled @ 0.53. Will see tomorrow if maybe I can get another order to fill between 0.49-0.51.

[dawerks]

CMM's deal is done. If the price doesn't appreciate, I will happily take .40 shares of WTG for each one of my CMM shares.

WTG's market cap will increase, but they only took 28Million in credit (everyone assumed over 150Mil). This is a big positive. There will be market cap dilution (of course) otherwise it would be a no brainer to load up on CMM.

Even after dilution, the deal values CMM at over 1.00 (maybe more if WTG runs up). The negative is if the deal falls through, and traders dump CMM (always a possibility). For an almost 100% upside, and a 10ish cent downside, I am willing to let the entire play pan out. (Ie worst case, I get WTG shares and hold them for appreciation).

If this was a Uranium buy out, I wouldn't be in it (77% of U buyouts have FAILED! That's insanely high!). In fact there are some crazy spreads between proposed buy outs and actual share prices out there now. Some as high as 70% (siiiick!).

I love takeover/merger plays, it's probably the fastest, safest, easiest way to make money on the market (which is saying alot considering how often I get my ass kicked at the market!) :)

It's a crooked game, but it's the only game in town!

[997TT]

sold ipt 500 at 2.35 and 6000 at 2.34 for a overnight profit of $1220 net.

nice start to Friday.

[Sugarphreak]

...

[bitteeinbit]

Originally posted by 997TT


ya my buddy is in and out of GPR for daytrades all teh time.
i'm trying to get in with a low bid.

my sell on LLL filled....now i'm bidding 74.45 to get back in. lol
Nice, I had LLL in November for a week or so. I smiled a bit after it shot up 10% in December and I was out.


I took my other failed attempts to make US positions and bought CAT

Smart thinking. Cat looks like a solid buy. They probably have such steady growth because of emerging markets and stocks will surely go up after what happened it Japan. Same to TRE. It shot up on speculation that Japan is going to need to buy a whole lotta wood (TRE plants trees in China).


Sold BDI today for a 5.2% gain... fantastic
Haha, what happened? Couldn't bare to hold for longer? :thumbsup:

[Hi-Psi]

I'm thinking about opening an option on CCO today for July, seems like a no brainer to me. This would be my first option play, anyone else doing this or think it's a smart play?

[dawerks]

CAT is busting out, I sold DOG and bought CAT with it :) (Actually got stopped out of DOG (with a decent profit).

Big gap ups for almost everything, nothing to do today but sit back and enjoy! (All the ground work was laid when stocks were tumbling...).

Taking the day off!!

[Hi-Psi]

Originally posted by dawerks
CMM's deal is done. If the price doesn't appreciate, I will happily take .40 shares of WTG for each one of my CMM shares.

WTG's market cap will increase, but they only took 28Million in credit (everyone assumed over 150Mil). This is a big positive. There will be market cap dilution (of course) otherwise it would be a no brainer to load up on CMM.

Even after dilution, the deal values CMM at over 1.00 (maybe more if WTG runs up). The negative is if the deal falls through, and traders dump CMM (always a possibility). For an almost 100% upside, and a 10ish cent downside, I am willing to let the entire play pan out. (Ie worst case, I get WTG shares and hold them for appreciation).

If this was a Uranium buy out, I wouldn't be in it (77% of U buyouts have FAILED! That's insanely high!). In fact there are some crazy spreads between proposed buy outs and actual share prices out there now. Some as high as 70% (siiiick!).

I love takeover/merger plays, it's probably the fastest, safest, easiest way to make money on the market (which is saying alot considering how often I get my ass kicked at the market!) :)

It's a crooked game, but it's the only game in town!

Are you still going to buy dips in CMM or just going to hold what you bought already?

How long do deals like this normally take to go through? This will be my first buyout which is funny cus I hold 5 other stocks that were rumored to be bought out but have yet to be.

Jason

[DUBBED]

Transactions I've been involved with usually take a quarter to finalize, see Agrium/AWB, BHP/POT. Haven't been involved with any smaller though, could be faster with fewer hoops to jump through given the size of the aforementioned companies compared to the two in question.

[max_boost]

I'm sitting on cash and can't decide what to do. It's been a good run. I think I'm going to sit out for awhile. Happy trading you guys.

[bitteeinbit]

Originally posted by max_boost
I'm sitting on cash and can't decide what to do. It's been a good run. I think I'm going to sit out for awhile. Happy trading you guys.
I'm in the same situation. I finally have some loose cash but on days when everything is up, I have trouble choosing. I'm scared of picking something up because behind the smokescreen of a good day, a losing stock my appear to be heading for an uptrend. I've been "shopping" around all morning and haven't found anything I want. I had planned on getting either SMF or GPR before markets opened, but once they reach a level I deem too high I wait out. I've also been looking at Rogers for a few weeks because some analysts say it's a bargain at the moment but it just seems to be constantly lagging. Oh well, no trading for me today.

[TheRealTimHorton]

Buy leap Puts on index trackers!

Short front month puts to hedge but make sure your delta is negative and vega is positive or neutral

My favorite trade right now is long USD/JPY. USD Should see strength from general tank in equities and JPY is going to be held down from G-7 intervention

PS Guys.. I promise your performance will go up significantly if you choose leap options over penny stocks. :) Volatility locks in the bottom out price

[Sugarphreak]

...

[e36bmw///]

nm

[yoda124]

UUU running hard into the close...who's holding it over the weekend besides me?

[e36bmw///]

nm

[bitteeinbit]

Wow, why the hell did NPR.UN go up 5.73%? Especially since it had gone up almost 3% yesterday? Why oh why did I not add to the position while it was low?! Haha, oh well good news is good news.:poosie:

I got out of TRE today but I'm wondering if it was the right move. Might reenter if it breaks above past resistance.

[bitteeinbit]

[Sorry double post and for some reason it won't let me delete]