Official Short-term Investments Thread

[SilverRex]

Agriculture stock correction looks completed and ready for new highs, both AGU/POT charts look bullish

Natgas correctional wave iv about to be completed, looks like it too is ready for one more advance higher than 4.55 then we wait for a steeper correction which will be the great buy setup prior to the next advance.

US dollar looks like it will continue to remain weak until mid june, I suspect gold/silver will soon move into new records high in the coming months.

time to hold on to your investment at least until mid june before the next pause.

UUU critical support continues to be at 3.32, at 3.8x, you be the boss as to if its a good buy or not. I still believe the gap at 5.5 will be filled this year.

[Zewind]

Just sold my TSLA stock - made a pretty penny

[SilverRex]

look at Natgas go, last suggested the wave iv correction to find a bottom somewhere between 4.00-4.25, looks like it is rallying off 4.20 (more bullish tone) isnt EW wonderful when you get it right.

[DUBBED]

Hit my limit orders on MGO, POT, VT, and MOS this morning. I'll take the couple % since I entered last week and hit the sidelines for a while.

I've also found myself sitting on 100% cash right now, time to do some research. Any compelling opportunities right now?

[max_boost]

Originally posted by SilverRex

US dollar looks like it will continue to remain weak until mid june, I suspect gold/silver will soon move into new records high in the coming months.


Coincidence that also is the end of QE2?

:D

[SilverRex]

Originally posted by max_boost


Coincidence that also is the end of QE2?

:D

exactly

[e36bmw///]

nm

[Sugarphreak]

...

[Hi-Psi]

I'm loving Scorpio Mining (SPM) and Haliburton(HAL)!!

They alone are making up for my few lagging stocks.

[bitteeinbit]

I was going to congratulate you on Scorpio when I saw it pop out early on hi-psy, haha. I've yet to find and get in one of those low-cost stocks before they break out like crazy. I'm hoping TGL gets to new heights and gets me somewhere. AAV is a bit slow right now. I'm up ~15% on NPR though, so that's good. Now I'm just waiting for a significant dip to add...

@Sugarphreak: What rational are you using for Cineplex? Is it technical analysis or are you looking at financial statements? I know they've done well recently and late last year I saw them as a recommended stock. It looks all congested at the moment, like it might be ready to blow (either up or down, testing the new high?). I'm not saying it's a good or bad stock, but you seem to do some good picks so I'm just wondering what your thought process is for this one.

[EDIT]
What do you guys think of XG? What is it currently doing? Is it reaching higher or does it part of some larger bearish pattern? Would going in and aiming for 6.20-6.25 be a good idea?
http://img576.imageshack.us/img576/3475/screenshot1g.png

Oh, and one last question: hi-psy: What do you think will happen to GPR now that they've issued additional shares for Dundee etc.? Will it slow growth significantly?

[e36bmw///]

nm

[Sugarphreak]

....

[DUBBED]

Going to play HVU until the equities I'm interested in are trading at more reasonable prices. Just have to wait for the catalyst...

[Sugarphreak]

...

[SilverRex]

POT ready to retest/break a new 52 week high

[dimi]

I'm loving all of these Chinese small cap frauds.

http://www.google.ca/finance?q=CCME

LoL!

[bitteeinbit]

Got out of TDG for a 6.87% gain.

[Sugarphreak]

...

[FlamingC19]

Im now looking to get into a little more Uranium, what do you guys think about either URC.VN (Uracan Resources) or BSK.VN (Blue sky Uranium) they both seem like fairly cheap buys right now although they are risky. Which would you go with?

[e36bmw///]

nm

[Zewind]

Originally posted by e36bmw///
how about UUU CCO UEX or HAT


UUU will be back to its $6 a share. Might not be a Short Term, but it will get there. Im sitting with some right now, was in before the Japan earthquake just made me buy more :thumbsup: :D

[FlamingC19]

UEX looks pretty solid i'm already pretty heavily invested in UUU just looking to throw a little more cash into something.

[djayz]

PTU-X for uranium, lots of JVs with the big boys and drill results coming soon. Should be good.

[bitteeinbit]

Damn I was waiting for TCK.B to dip under 50$ to load up on it and it just shot up 7%+ today...

[Sugarphreak]

...

[bitteeinbit]

What do you guys think about oil prices? I don't know much about commodities and have never tried to predict future prices (I'm guilty of just following trends that make sense as they happen ex: silver going up). Hopefully this guy is right because I think in the long-run high oil prices will have a bad effect on just about everything. I guess it all depends on the Middle-East.


Oil's pricey, but maybe not for long


BY JAY BRYAN, THE GAZETTE APRIL 5, 2011


With the price of oil now hovering around $108 U.S. per barrel - its highest point in 2½ years - there's growing uncertainty about the possibility energy costs could weaken an economic outlook that recently became more encouraging. The betting, however, is still for a decline in the price of oil, which would take pressure off consumer spending and financial markets, helping sustain economic growth. The problem is that "when and how much is a huge geopolitical uncertainty," warns Avery Shenfeld, chief economist at CIBC World Markets. His shop now predicts that oil will average $97 this year and just $90 in 2012. That reflects an expectation for a decline in the huge risk premium that has driven up its price by about $25 a barrel since uprisings in the oil-rich Middle East and North Africa region began early this year.

A risk premium is financial speak for the uncertainty markets face when it's not clear if enough oil will be produced to meet all the world's needs. When uncertainty is high, or even perceived to be high, prices rise as buyers hedge against potential shortages. "Actually, there's enough oil in the market to meet everybody's needs for the time being," says Earl Sweet, a senior economist at BMO Capital Markets who specializes in petroleum. Sweet's forecast, like Shenfeld's, is for oil to fall considerably from its current level. His best estimate it that it will average $95 both this year and next. But here's the rub, he explains: without some inkling whether the violence playing out from Libya to Yemen will cool off or expand into other countries, "anything could happen to prices." That's why he and Shenfeld both warn that the longer the political uncertainty drags on, the less positive they can be that prices will begin falling soon enough to validate their most recent forecasts.

Still, the odds seem to be on the side of moderation. Any time the price of oil rises above about $90, "the temptation to sell more is hard to resist" for any producer that has spare capacity, says Shenfeld. The extra profit is just too tempting. And unlike mid-2007, when oil briefly hit $147, there's no particular supply bottleneck these days. Saudi Arabia alone has a good deal of spare production capacity. "Sustaining oil at $108 would require continued disruption, along with more economic growth than we're likely to get," Shenfeld says. Indeed, there are other analysts who are even more optimistic about an easing in the price of oil. Julian Jessop, chief international economist at Capital Economics, a British consulting firm, yesterday cited several reasons why oil would more likely fall than rise much farther. Its gains in the past few days, he said in a note to clients, "probably owe more to optimism about the global economy than to increased nervousness about developments in the Middle East." In other words, speculators are betting on a tighter market down the road being driven by demand, not disruption to supply. It's no coincidence, he pointed out, that prices took another jump after Friday brought the news of unexpected strength in U.S. employment growth, a key sign of sustainable improvement in the world's biggest economy (and biggest oil consumer).

Nevertheless, Jessop sees four reasons why the factors that have propelled oil higher will likely reverse. First, there's the simple fact that economic growth in some important parts of the global economy could easily be slowed if oil remains high. That would take the pressure off prices. Particularly vulnerable would be most of Europe, where sharp government spending cuts are already putting a damper on economies. As well, China, a very big oil consumer, is making strenuous efforts to slow its growth in order to rein in inflation. Second, he notes, the price of oil is already well above the $90 ceiling targeted by the OPEC countries, creating pressure for big producers like Saudi Arabia to safeguard their longer-term interests by avoiding too harsh a squeeze on consuming nations. Third, Jessop thinks that however the political unrest in North Africa and the Middle East plays out, "the worst fears of contagion to other major producers (from Algeria all the way to Saudi Arabia) have not been proved right." Thus he expects the risk premium to diminish. And finally, U.S. monetary policy is about to become less easy, putting less downward pressure on the U.S. dollar. Since oil is priced in U.S. dollars, a stronger currency would imply less need to boost the price of oil to sustain the incomes of oil producers.

jbryan@ montrealgazette.com

© Copyright (c) The Montreal Gazette

[SilverRex]

Originally posted by bitteeinbit
What do you guys think about oil prices? I don't know much about commodities and have never tried to predict future prices (I'm guilty of just following trends that make sense as they happen ex: silver going up). Hopefully this guy is right because I think in the long-run high oil prices will have a bad effect on just about everything. I guess it all depends on the Middle-East.



high oil prices will cause alberta to repeat 2007 boom,

however cant rule out oil to hit a medium term high 112-126 then correct and remain around the 9x area for some time, technically it makes sense.

[DUBBED]

What do you guys think of EWJ? iShares Japan index.

Looks like a good entry point right now.

Edit: Just bought a small position, think there's some upside once the reactors calm down and the rebuild begins.

[bitteeinbit]

Hmmmm, so I got out of TGL this morning because I was starting to get a bad feeling about it (I know, I know, I let my emotions get a hold of me!). I made a small gain but now I'm wondering if pulling out now was the right decision as it looks like it's finally breaking out. I'll wait a day or two to confirm and if it really does I might jump back in.

(Notice high volume at the beginning of the pennant, then it declines and now volume is going back up it seems)
http://img64.imageshack.us/img64/2264/screenshotul.png

I'm also looking at Husky, wondering if it's currently in a 'cup and handle" formation. I think the cup is too small for it to count but since it's down today, I think I might enter before markets close. Might also be headed for a double-top. Hmmmm.
http://img69.imageshack.us/img69/8673/screenshot1thy.png



In other news, looks like CGX is finally breaking out Sugar! (though I'm sure you noticed before I did) :thumbsup: The past 6 trading days as well as Stoch and Rsi seem to confirm it's going back up. Are you aiming for the previous high or up and beyond?

[broken_legs]

Originally posted by bitteeinbit
What do you guys think about oil prices? I don't know much about commodities and have never tried to predict future prices (I'm guilty of just following trends that make sense as they happen ex: silver going up). Hopefully this guy is right because I think in the long-run high oil prices will have a bad effect on just about everything. I guess it all depends on the Middle-East.




http://af.reuters.com/article/energyOilNews/idAFLDE7340MU20110405



LONDON, April 5 (Reuters) - Oil prices could rocket to $200- $300 a barrel if the world's top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday.



And now we know why the USA has 2 carrier battle groups in the Persian Gulf.


Also, oil, as priced in Euros is almost at it's all time high. The WTI price is very misleading, despite the fact that oil is only 108$ gas is still over 4$/gallon in the US. It was up around 4.50$ when oil was well over that price in 2008. WTI is an old benchmark, light sweet blends are being sold for over $120 in the gulf.



Meanwhile, Iran just opened up the 3rd Phase of the Oil Bourse on Kish Island. This may also be why there are 2 carrier battle groups in the region.


Explanation about KIsh & Effects to USA:
http://whatreallyhappened.wikia.com/wiki/Iranian_Oil_Bourse

[bitteeinbit]

Good reads, but still...

http://blogomatica.files.wordpress.com/2010/04/downer1.jpg
:D ;)

[broken_legs]

Originally posted by bitteeinbit
Good reads, but still...

http://blogomatica.files.wordpress.com/2010/04/downer1.jpg
:D ;)

Check out this prediction someone made in 2010:

http://www.trendlines.ca/TrendLinesGasPumpUSAGasolinePriceComponentsChart100714.png

EDIT:
Heres that other chart... Courtesy of www.zerohedge.com

http://dshort.com/inflation/gasoline-crude-since-2000.gif

The actual pump price has followed the dotted or predicted line almost exactly.


Check the other preditcion on peak oil made here:

http://www.trendlines.ca/free/peakoil/contents.htm

[Hi-Psi]

My girlfriend is making a killing in GoldCorp (g.wt.g), it's up 37% today alone...

Of course I'm on the sidelines for that one too... Eff my life haha

[Feruk]

Anyone follow SLI? Thinking of taking a position in this one. They're waiting on government approval to start coring.

[s_havinga]

How low you guys think NG is going to go this time? I have a bunch of HND I bought a while back that I am at break even right now. Would you hold or gtfo?

[997TT]

added a position of GPR at $3.91 just now.

of course as i type this is it now 3.88...haha

[SilverRex]

Originally posted by s_havinga
How low you guys think NG is going to go this time? I have a bunch of HND I bought a while back that I am at break even right now. Would you hold or gtfo?

actually NG is in a correction that should not break below 3.74. once correction is done, next short term target is 4.80 and medium term to 6.00+

[cloud7]

wow CMM.V dropped quite a bit the last few days. What's the reason for it? Time to buy?

[DUBBED]

Originally posted by cloud7
wow CMM.V dropped quite a bit the last few days. What's the reason for it? Time to buy?


There was a news release posted on their website this morning.

[s_havinga]

Originally posted by SilverRex


actually NG is in a correction that should not break below 3.74. once correction is done, next short term target is 4.80 and medium term to 6.00+

That's why I was asking, I don't think this jump in HND is going to last long I am trying to gauge when to get out and switch to HNU.

[997TT]

there goes ADI... too bad i sold yesterday like a puss and didn't follow thru on my target. lol

[Zewind]

My friend just let me know that CRJ was halted.


Well find out tomorrow if Im rich or not :D

[bitteeinbit]

Originally posted by 997TT
added a position of GPR at $3.91 just now.

of course as i type this is it now 3.88...haha
Yeah, I'm down like 7% on GPR, dangerously close to my stop loss. I bought 2 days before the bought financing deal. It went up 10% the day after I bought (obviously should have sold, but I didn't have much in), then went down because of the deal. I think it'll go back up, the market is just adjusting for shares being diluted and the lower price they were awarded. I don't have much in so once it starts back up I'll quickly add to the position, but if it reaches my stop... I've promised myself never to move my stops around so that'll be that. :banghead:

Bought some International Forest Products today thinking it was a sure buy, a bought financing having happened 2 weeks back or so and prices stabilized around 7$ for a while now but by the end of the day it crashed down 2.7%... Once more I luckily don't have too much in so I might add if things look better. Still, I should stay away from companies that get bought deal financing (this one actually raised the prices however).

On a good note, I added twice to NPR.UN just at the right moments and AAV gained today, hopefully it builds up a bit of steam and breaks above the previous high within the next few days. If it breaks out nicely I'll probably hold for a few weeks to see how things go.

[Hi-Psi]

What is the point in setting such a tight stop loss? 10% really is nothing, a stock can very easily drop 10% and rebound seconds later.

[fluid]

do you guys think its a little late to jump in on some silver? already close to 40 now

slw seems to be stuck at 45.74, down from here maybe up

[997TT]

i own a lot of SLW and am not sure where it goes from here.

sold a June 50 call... 4% premium with another 18% upside...this was last week.

I am in the camp that SLW hits $50 before it hits $40 ...but who knows.

i am looking at smaller plays like GPR, IPT and others for daytrading.

[fluid]

thx 997, im in oil uuu and just got my eyes peeled for setups on anything lol

[SilverRex]

NG need close above 4.20 to confirm end correction

[997TT]

Adi :facepalm:

bidding IPT... see if my order fills

[DUBBED]

Love HVU, any bad news this thing bumps +5%, up this morning on the aftershock in Japan.

[TheRealTimHorton]

Originally posted by 997TT
i own a lot of SLW and am not sure where it goes from here.

sold a June 50 call... 4% premium with another 18% upside...this was last week.

I am in the camp that SLW hits $50 before it hits $40 ...but who knows.

i am looking at smaller plays like GPR, IPT and others for daytrading.

You will be just fine. SLW Is epic stock and epic business.

[SilverRex]

Originally posted by TheRealTimHorton


You will be just fine. SLW Is epic stock and epic business.

Agreed, TA is pointing to silver hitting 50 dollars and gold to 158x on the next rise. (then we should see bigger correction) which will setup nicely for one big rush to 2000 gold and 100 silver (potentially) for the winter

[max_boost]

Originally posted by TheRealTimHorton


You will be just fine. SLW Is epic stock and epic business.

:werd:

[e36bmw///]

nm

[TheRealTimHorton]

Woot!

I closed my long on the USD/JPY for over 400pip gain. Only closed it temporarily, probably for 2 hours. Will wait for Japanese markets to open, looking for a big tank cause of the new earthquake, then will rebuy.

*Edit. No tank! Re-entered same level

[bitteeinbit]

Originally posted by Hi-Psi
What is the point in setting such a tight stop loss? 10% really is nothing, a stock can very easily drop 10% and rebound seconds later.
Well I used to do that but recently got burned bad by CLQ. I've now got money stuck in there perhaps for a very long time, down 30%+ so forgive me for extra being cautious, haha.

What are people's opinion on copper? My friend has made a killing (twice) in Western Copper. I've heard many analysts say there might be a shortage in 2012. Will prices keep rising? I'm looking at Copper Mountain or Western Copper, but they've both had good runs already so I'm open to other options. I figure prices will probably keep rising as China is hungry as fuck, but I'm unsure about potential short-term corrections. Rex? Others?

IFP.A up almost 3% today :D, but AAV is still playing games on me...

[TheRealTimHorton]

Originally posted by bitteeinbit

Well I used to do that but recently got burned bad by CLQ. I've now got money stuck in there perhaps for a very long time, down 30%+ so forgive me for extra being cautious, haha.

What are people's opinion on copper? My friend has made a killing (twice) in Western Copper. I've heard many analysts say there might be a shortage in 2012. Will prices keep rising? I'm looking at Copper Mountain or Western Copper, but they've both had good runs already so I'm open to other options. I figure prices will probably keep rising as China is hungry as fuck, but I'm unsure about potential short-term corrections. Rex? Others?

IFP.A up almost 3% today :D, but AAV is still playing games on me...

Long copper is a good trade. On commodity plays like that its fairly safe to ride the shoulders of giants. Speculators and hedgers and economy will keep pushing prices up like a game of hot potato, just be ready to bail when things go sour and don't over leverage. Same with oil.

[SilverRex]

Silver broke 40 dollars (target remains at 50)

NG should rebound based on 10/20 EMA near cross over but I believe it will reopen for a new leg up, I do not see NG dipping below 3.9, anything under 4.20 is a wicked bargin

Oil hit 111+ still looking for a wave III reach to 126 this year.

Dollar index continue to sink, looking to remain weak until mid june, then anything can happen after.

market should continue to find strength until June.

[s_havinga]

Exited HND this morning for a 10% profit, Entered HNU hoping to ride out an up swing

[997TT]

wow...my CLL shares from $1.50 are finally in the money. haha...this is proof even retards can make money given the right environment.

Man i played that stock like shit... lol...but here i am up $470 at 1.57 x $1.58. Thank you middle east to jacking up oil prices.

GPR now moving...still underperforming relative to move in silver but I think it has a lot more upside. Anything under $4 is a bargain imo.

[997TT]

Does anybody follow HML?

it was a $1.30 in mid Jan and now it is under 0.70.

i follow ML and CUU (for copper)....but HML is another one of those that appears to be interesting.

[DUBBED]

Took my first dabble into HNU this morning, should be interesting...

[997TT]

gonna take a shot on SMI.V

30k order just filled at 0.38

its now 0.37 x 0.375

[Zewind]

Oh I wish i got on GPR while is was under $4 :facepalm:

[skandalouz_08]

Me too, was watching it and never pulled the trigger!

[max_boost]

Oil almost $113. lulz. 89coupe is dancing inside his office right now. :rofl:

[DUBBED]

In big on HVU this afternoon, if this budget thing in the US doesn't get solved the VIX will be a rocket on monday... in my opinion of course...

[997TT]

just added 15k of XOP.V ... another spec play that can swing big time ... i just hope its up.

sold my GPR and CLL as well ... small profits but profits none the less.

[bitteeinbit]

What an amazing day at the markets, I didn't want to jinx it by posting before the TSE closed, haha. It calmed down a bit at the end but still, what a ride! I couldn't decide on whether to buy WRN or CUM so bought both. Made a nice potential profit on WRN (went up to 10% at one point) and CUM is decent as well. After reading the comments here I also picked up some SLW and that turned out quite nice, thanks guys! It currently looks like a triple-top but that will break out (cup-handle style). Got my hands in on some HCG, MSD and PRU as well (a friend has been raving about PRU for a while now). Funnily enough, I only bought today, didn't sell anything. I added a bit to a few other positions. I\m currently holding 11 or 12 positions, much more than I usually do.

Should have bought down on GPR but didn't touch it as it gapped up this morning and that shit always makes me nervous. I'm also not sure if I made a mistake by not selling off WRN and CUM right away. I think CUM is alright for both short and long-term but I have a feeling WRN will go back down for a bit before it goes back up to the previous highs (it also gapped up). I guess I'll find out next week.

[e36bmw///]

nm

[e36bmw///]

nm

[bitteeinbit]

Works fine for me.

[e36bmw///]

nm

[troyl]

Originally posted by e36bmw///


yea I got rid of my CLL too

I was worried a head and shoulders top was forming on cll, but it looks like it broke out from forming that right shoulder. Bought a little more on thursday. Also added STP, hope oil continues upwards.

[SilverRex]

wanted to throw these up quickly, with silver screaming so bullishly lately, there shouldnt be any surprise since if you recall I have always been bullish on silver since my first post 2+ years ago. (I bought in a 10 dollars :P)

anyways I still believe we will see at least 50 silver, but with the seasonal weak month for silver in April, we quite possibly may see a intermediate top being established, looking at silver you can easily spot a new trend channel (in red) a healthy correctional pull back down to the 33 area is quite possible, a deeper correction could yield even as far as 24-25 over the summer holidays (which would be the place to get in)

so we will see how silver plays out. This coming winter will certainly be extremely exciting for silver buyers. (do remember silver moves quite alot more than gold but during a medium term correction, it can stun you just as badly - but this gives us a big opportunity to re-enter for the next up leg. (however if silver does pushes towards 50, then a bigger correction may follow, therefore silver only has so much more room to wiggle before it has to correct, worse case will suggest we may see another 2008 this june where silver can collasp from 50 to 22 in a heartbeat. (then again I welcome that notion since it will be the last train to catch for one parabolic rise this winter)

http://i278.photobucket.com/albums/kk118/genmaster/silver041111.jpg

also looking a NG, as you can see a rounded bottom is happening, and it wont be far too long until it breaks out, reverse H&S also points to NG ready to take off, the last call at 3.7x continues to be well in place, looking for confirmation for price to close above 4.21 to end current short term correctional phase which was expected. next break above 4.55 should do the trick.

http://i278.photobucket.com/albums/kk118/genmaster/NG041111.jpg

[bitteeinbit]

Aaaaaaw shit, CLQ trading halted. I could be in a world of hurt. No news releases yet but damn...:facepalm: :(

[997TT]

just grabbed 2700 shares HOU at 9.97
stop set at $108 oil

[SilverRex]

Originally posted by 997TT
just grabbed 2700 shares HOU at 9.97
stop set at $108 oil

good luck, TA suggest key support lies at 106.9 for continue short term rise,

longer term critical support now at 92.50 (breaking this = very bad)

until then I still expect to see 126 oil this year as a bare minimum

[997TT]

Originally posted by SilverRex


good luck, TA suggest key support lies at 106.9 for continue short term rise,

longer term critical support now at 92.50 (breaking this = very bad)

until then I still expect to see 126 oil this year as a bare minimum

i hope so... lol
i'll probably sell around $116 if we get there.

[fluid]

isnt april usually a weak time for oil? could we see a retracement for a bit then a continued move up? im considering selling with todays down and reentering if it does move a bit lower for final leg.

[bitteeinbit]

Well there's a class-action lawsuit against CLQ and I fit the criteria (having bought between Oct 28 2010 and Feb 28 2011). May I live in interesting times indeed! Tomorrow I'll call the law firm to see what's up. It's probably not worth it for me to pay any attorney fees to recoup losses, but I'm curious to know how this will unfold. If it's a "percentage" lawsuit (by that I mean lawyers are paid a percentage of the settlement) then it might be worth it. Does anyone know how stuff like this works? Are lawyers paid by every willing shareholder in cases like this (% of fee's relative to percentage of shares or potential recoups)? Serious business is serious.

Sold off WRN early this morning for a slight gain but kept CUM. All of my stocks are down today except one... SLW took a huge hit, so did AAV. I think I'll dump AAV soon enough. I thought it was retracing to the 20ma but it broke down lower. Maybe today just exasperated all the losses.

[EDIT] Looks like AAV hit my stop loss and it's already gone. Not sure if I should be happy or not. I still think it might rebound in the short-term and it's a good buy long-term. I also retract my thanks to you guys for SLW, haha damn... Besides commodity prices, is the market perhaps testing once more the 14 000 mark?

[997TT]

well HOU was a miserable fail...haha.

onto the next play...err i mean loser.

[997TT]

fkn bloodbath out there....depending on what sectors you watch

I like IPT, GPR, ML at these levels....

[fluid]

lol i knew i should of sold on down day, i would have lost lik 3%, now its lik 12%....might hold and buy in more when a reversal is showing...hou

uuu.to comeon buddy

[Hi-Psi]

PYN should be almost ready for it's next big push up, it's down almost 50% since it's last high only a month or so back, a lot of analysts have suggested between 0.30-0.50 into the summer. God I hope so haha

AUN should be as well, it's down 30% in the last month

[max_boost]

I'll be back in the markets when I see 12,500. :rofl:

[cloud7]

Originally posted by Hi-Psi
PYN should be almost ready for it's next big push up, it's down almost 50% since it's last high only a month or so back, a lot of analysts have suggested between 0.30-0.50 into the summer. God I hope so haha

AUN should be as well, it's down 30% in the last month

I bought some PYN yesterday... it's down another 6% today... I wish I had waited a little longer... I hope the analysts are right.

[Zewind]

Oh man I hate sell offs :banghead:

[bol]

Originally posted by bitteeinbit
[B]Well there's a class-action lawsuit against CLQ and I fit the criteria (having bought between Oct 28 2010 and Feb 28 2011). May I live in interesting times indeed! Tomorrow I'll call the law firm to see what's up. It's probably not worth it for me to pay any attorney fees to recoup losses, but I'm curious to know how this will unfold. If it's a "percentage" lawsuit (by that I mean lawyers are paid a percentage of the settlement) then it might be worth it. Does anyone know how stuff like this works? Are lawyers paid by every willing shareholder in cases like this (% of fee's relative to percentage of shares or potential recoups)? Serious business is serious.


Yeah, I got burned pretty good with CLQ. After some really good runs everything has gone terrible. Bad bad situation with them. I sold it all and won't look back.

[SilverRex]

Originally posted by max_boost
I'll be back in the markets when I see 12,500. :rofl:

your patience will pay off,

we are almost june (the japan quake could impact the market sooner than one thinks)

with goldman calling a bearish view on commodities, we could see a similar 2008 panic

so have your powder ready

[bitteeinbit]

Wow hopefully this doesn't last deep into the week. I'll have to buy down everything. Makes for good buying opportunities for some but I loaded up last week... I lost SLW today on another stop loss, yikes. I had 15%+ gains on NPR.UN which have been wiped clean in a bit over a week. I can't do anything but leave for a day or two and hopefully the dust settles.

[SilverRex]

Originally posted by bitteeinbit
Wow hopefully this doesn't last deep into the week. I'll have to buy down everything. Makes for good buying opportunities for some but I loaded up last week... I lost SLW today on another stop loss, yikes. I had 15%+ gains on NPR.UN which have been wiped clean in a bit over a week. I can't do anything but leave for a day or two and hopefully the dust settles.

for metals, stay away from stock for the next 6-8 month, there will be a time for everything. Those stock may not take off until metals hit its peak.

[bitteeinbit]

Not sure if they'll all stagnate, I think that's a little negative but other stocks might do better like the tech sector or services. I'll definitely have to adjust to a less aggressive approach/strategy.

[Zewind]

Originally posted by SilverRex


for metals, stay away from stock for the next 6-8 month, there will be a time for everything. Those stock may not take off until metals hit its peak.

Could have used that advise before I bought into silver :P

[fluid]

hey sr whats your view on oil? think this retracement will be a big one, or will it take off like a wave soon? jw cause i choked on the sell on that one:(

[JDMMAN]

Check out OSK on the TSX. They projected their reserve values @ $1000US/oz for Gold. 10.7MM oz of proven reserves. Market cap of only $5.5B right now. Shares currently in the mid $12's and will be revalued shortly once they go commercial in the next month or so.

[dimi]

Originally posted by SilverRex


your patience will pay off,

we are almost june (the japan quake could impact the market sooner than one thinks)

with goldman calling a bearish view on commodities, we could see a similar 2008 panic

so have your powder ready
:rofl:

Goldman's view? Are you serious?!?!

If anything that's a buy signal. How many times has Goldman made a recommendation to its clients, who only find out later that Goldman themselves were on the opposite side of the trade. What's the track record of trading on Goldman's recommendations? :facepalm:

[SilverRex]

oil needs to regain above 108 quickly or risk heading lower as it continues to violate a short term critical support around the 106 area in order to remain short term bullish

a similar setup is also occurring with metals, for silver example, we either going to see one impulsive move to test 45-50 for a divergence and intermediate top or we may head for a steeper correction

with the major cycle turn date of mid june approaching fast, there isnt too much time left for the market to make a move. Volatility will certainly increase thereafter,

the ongoing method will be range trading,expecting flash crashes, and sharp rallies ahead. Day trader's heaven

[bitteeinbit]

Just noticed I made an 18% gain on XG... In my local newspapers TRADING STOCK GAME........AAAaaaaarg! Fuck my life. I'm probably going to buy down GPR today. Everything I do lately is wrong so why not go all out and lose all my savings?

This is my trading from the past 2 days:
http://2.bp.blogspot.com/_b8SU6xtcBC0/TCC-UcX6edI/AAAAAAAABxg/7hBKeGfN7Uo/s1600/happy+trading.jpg

[997TT]

Originally posted by bitteeinbit
Just noticed I made an 18% gain on XG... In my local newspapers TRADING STOCK GAME........AAAaaaaarg! Fuck my life. I'm probably going to buy down GPR today. Everything I do lately is wrong so why not go all out and lose all my savings?

This is my trading from the past 2 days:
http://2.bp.blogspot.com/_b8SU6xtcBC0/TCC-UcX6edI/AAAAAAAABxg/7hBKeGfN7Uo/s1600/happy+trading.jpg

hahaha.... now this is the best post i have seen in a while.

you guys can thank me for this weather...i put my summer tires on Sun night. Of course a shit load of snow follows.....