Official Short-term Investments Thread

[997TT]

CLL Holy fkn shit.... my buddy who works there has bought into it 2x in the past few months with huge positions (last one about 0.60. This on top of his crazy # of stock options which are worthless now. haha.

[Meback]

Originally posted by 997TT
CLL Holy fkn shit.... my buddy who works there has bought into it 2x in the past few months with huge positions (last one about 0.60. This on top of his crazy # of stock options which are worthless now. haha.


lol, i m down 70 % in that stock. i m not even gonna add to it.

[93mr2gt]

anyone heard of sli.v?

[SilverRex]

havent commented on the DOW for quite a while, lets take a look.

Bullish path

My expecation for the moment is to see if DOW can close above 11500. Since a very clear stoch + divergence is now on the radar. This divergence could setup DOW in retesting the all important 11862 and if broken to the upside the latest sell off could be seen as a truncated 5th. ending the recent decline as just another correction with the potential to emerge a new 5 wave trend towards 12800+

Neutral path

the divergence breaking above 11500 could still just be an extended flat or 3-3-3 pushing DOW near or slightly above 11716 just to setup the next 5 wave down below 10600, this makes more sense given the market remains under pressure, unless Feds suddenly announces QE3 or dollar takes out key support and begins a heavy exodus, DOW will continue to grind sideways until it decides the next major move in either direction.

Bearish path

a very strong bearish path would have price remain under the thick red trend line and force price to retest 10600 multiple times. With this setup, it will be come clear it is moving in a barrier wedge pointing to the next break down under 10600. quite possible not the 3rd but say the 4th time it knocks on 10600

http://i278.photobucket.com/albums/kk118/genmaster/dow092911.jpg

[Neil4Speed]

Any of you guys following PBN (Petrobakken), PBG (Petrobank), down 25% in two days.

[roopi]

Added TLM today.

[SilverRex]

As expected, looks like told wave .iv is about finish and ready to head down for a wave .v

I believe once wave .v is achieved, gold could linger sideways or bounce a bit harder after

http://i278.photobucket.com/albums/kk118/genmaster/gold093011.jpg

[e36bmw///]

nm

[997TT]

man debating takinga few more positions but fk do i really want going into the wkd...or see what happens Mon. Even if Monday rallies...it'll come back down. haha

[5.0]

Been looking to get into CLL for a little while now, glad Ive held off. I predict it to drop some more in the coming week, but I will be getting in soon, its a great company.

[cloud7]

Been playing HOU/HOD for the past few weeks. There is some money to be made there, but you have got to keep a close eye on them. I made an overly conservative move before closing yesterday and it cost me a $500 profit... oh well, now have to wait and see.

[Feruk]

Originally posted by 93mr2gt
anyone heard of sli.v?
Yep, I own a big position. Here's a great source of info on it:
http://agoracom.com/ir/steliasmines/forums/discussion?forum_view_mode=thread

[Rat Fink]

.

[ZenOps]

Hang Seng down 869.

Look out below!

[5.0]

Awwww shit. Looking forward to tomorrow :D

[Sugarphreak]

..

[Sugarphreak]

...

[93mr2gt]

i bought some on fri... HOU that is....been buying and selling HOU and HOD for the past month.



Originally posted by cloud7
Been playing HOU/HOD for the past few weeks. There is some money to be made there, but you have got to keep a close eye on them. I made an overly conservative move before closing yesterday and it cost me a $500 profit... oh well, now have to wait and see.

[93mr2gt]

added 5000 shares a few days ago...looking forward to their report later on this month...hopefully


Originally posted by Feruk

Yep, I own a big position. Here's a great source of info on it:
http://agoracom.com/ir/steliasmines/forums/discussion?forum_view_mode=thread

[Mr_John]

Originally posted by Sugarphreak
Dammit, I've lost a shit load of cash since the summer. This has got to be worse than the 2008 crash by now.

Stupid fucking Greece, go bankrupt already and get it overwith. :banghead:

:werd:
It's inevitable that they will. There's no saving Greece from default.

[997TT]

shit what the hell...just added 500 CNQ at $29.48

down to hardly any cash now...bring on the rape job. I'm bent over and on my knees....

[Feruk]

Originally posted by Rat Fink

Careful about that site. Agoracom is a sheep rally website for cheerleaders who run around with their blinders on from anything negative. Lots of fools with rose colored glasses on those forums. More stupid lambs than Stockhouse has.
Completely agree there are a lot of those guys in there. There's a few that actually do some decent research. But to believe their estimates of where a stock would go, I'd have to believe in fairy tales.

[5.0]

Originally posted by Sugarphreak


Down 30% today.... WTF?

According to the PR they are planning on selling off at least 2 more of their assets along with the Halfway creek they just sold today. Not sure what this is going to do to the share price... I really can't see it going much lower??

[Hi-Psi]

I must say, this summer has been absolutely brutal! I'm on holidays and taking a look at my portfolio every few days just to see how much it's dropped.

Shitty summer for everyone it looks like.

[CompletelyNumb]

CLL is looking tempting to buy. I'm waiting till weeks end to see what it does.

[pheoxs]

Anyone with info about mreits? AGNC seemed to be fairly steady with a huge dividend, yet fell apart today.

[bigbadboss101]

Suncor anyone?

[Magic-8-Ball]

No kidding!

I don't know how much more of this I can stomach!

What are some people thoughts on another recession?




Originally posted by Hi-Psi
I must say, this summer has been absolutely brutal! I'm on holidays and taking a look at my portfolio every few days just to see how much it's dropped.

Shitty summer for everyone it looks like.

[dawerks]

You guys love punishment. GO with the FLOW. It's shorting time, it has been this summer. The only abberation was the tsunami.

The only thing to go long is probably golds (gonna get killed with the rest), inverses or very short dead cat bounces.

I expect a bounce back tomorrow, but otherwise, I'm shorting. I hate that I have to trade now, but I don't think I will be going long like I usually do.

TSX 8K. Mark it. But then I also thought TSX would hit 14K :)

It's good to be flexible, if you can't or WON'T play both sides, get out of this game. BTW, I'm 55 and I like to think I'm still not dogmatic (maybe I am stubborn sometimes).

Adaptation! Improvisation! Good. Doing the same thing with different results? Exactly what the MM's want to see. Most retail traders are at -4% return (lifetime).

Think about it.

Recession? BRING it ON. I've made the most money in my life during recessions. Things are clear cut. It's actually harder to make money in a boom (everyone's on board).

[Neil4Speed]

Mini rally at close here it appears.

[max_boost]

Originally posted by dawerks
You guys love punishment. GO with the FLOW. It's shorting time, it has been this summer. The only abberation was the tsunami.

The only thing to go long is probably golds (gonna get killed with the rest), inverses or very short dead cat bounces.

I expect a bounce back tomorrow, but otherwise, I'm shorting. I hate that I have to trade now, but I don't think I will be going long like I usually do.

TSX 8K. Mark it. But then I also thought TSX would hit 14K :)

It's good to be flexible, if you can't or WON'T play both sides, get out of this game. BTW, I'm 55 and I like to think I'm still not dogmatic (maybe I am stubborn sometimes).

Adaptation! Improvisation! Good. Doing the same thing with different results? Exactly what the MM's want to see. Most retail traders are at -4% return (lifetime).

Think about it.

Recession? BRING it ON. I've made the most money in my life during recessions. Things are clear cut. It's actually harder to make money in a boom (everyone's on board).

Yea you have a great point. If you can play both sides and go with the trend, you stand to make a lot of money.

The stock market is a very emotional beast. I don't buy so much it's the "time in the market", hell it's more like "timing the market" in the past decade.

I remember earlier in the year when I was bearish and the market was running wild. I believed a correction was coming except I was 6-9 months too early haha It was all emotion and it clouded my state.

Now that I'm on the sidelines, I have no money invested but I'm still actively following things.

TSX has recovered 300pts from its low of the day. :nut:

[dawerks]

Are you still holding HIX? I still have DOG and I doubt I will ever let that go. I'm really considering dumping LLL and 10x my position in the year. That would be insano world.

[997TT]

thank god for yesterdays recovery and today.
sold my CNQ from mid 29's for $1.30 gain and bought SLW yesterday and sold that for $1.40. shit, only walked away with $1300 profit but freed up about $35k to play with when the mkts dip again. hahaha.

[Sugarphreak]

...

[slick2404]

Another good morning so far, debating of unloading while I can...

[SilverRex]

while gold has certainly holding up very well. Over all technical remains bearish unless gold can close above 1700. Otherwise my view is that we still need gold to head back down under 1530 and complete wave .v

however if gold does punch above 1700 this could become the new floor and potential set a higher low in Nov for the next launching pad

http://i278.photobucket.com/albums/kk118/genmaster/gold100611.jpg

[Magic-8-Ball]

Anyone planning to short Oil (HOD.TO) after this recent run?

[e36bmw///]

nm

[dawerks]

People, the market has spoken again. When you think it will go one way, it goes the other. I've done alot of things and I've done made them look easy.

But the only reason I still trade is because how stupid I feel everyday. That means there's something worthwhile to be learned.

Or maybe it's just some random machinations and I should forget this game and play something with less variance, like poker??

:) The only good thing about my shorting program is that it has built in stops (thank god for that). It's fun going 0 for 10.

[bitteeinbit]

DAY holy shit...

[997TT]

I'm trying to unload a few more positions.... sold off 1/3 of my TCK position for a 0.80/share loss. Gonna try and sell a few banks too. See if i can get to a 40% cash position over the next few weeks.

[997TT]

cash position might have to wait a bit... filled 2000 OSK at 12.23-12.25
:facepalm:

[Magic-8-Ball]

Anyone have any thoughts on what is happening with oil now?

[bitteeinbit]

Originally posted by 997TT
cash position might have to wait a bit... filled 2000 OSK at 12.23-12.25
:facepalm:
Just can't help yourself, can you!:D

I've been doing quite well with my papertrading for the past two weeks.
http://myjourneytofinancialwealth.blogspot.com/

Keeping a personal log really helps. Maybe it's because of the detachment but I've managed to book two 25%+ in the past week (CLL and ORT.A). Not a single bad trade (except AAPL I suppose, but still got a gain on it). Right now I'm sitting on LLL @ 53.58$. Waiting a bit before I sell this one.

[997TT]

Originally posted by bitteeinbit

Just can't help yourself, can you!:D

I've been doing quite well with my papertrading for the past two weeks.
http://myjourneytofinancialwealth.blogspot.com/

Keeping a personal log really helps. Maybe it's because of the detachment but I've managed to book two 25%+ in the past week (CLL and ORT.A). Not a single bad trade (except AAPL I suppose, but still got a gain on it). Right now I'm sitting on LLL @ 53.58$. Waiting a bit before I sell this one.

Hoping to make $1500-$2k before the weeks out (maybe today).
only wish i got in around $12 instead of 0.25 higher. Oh well....making money is making money. Something i haven't been accustomed to lately. lol

[Feruk]

Anyone have a look at MEL and ARN? Two of the BEST junior O&G in my opinion going at huge bargains!

[Euro_Trash]

Originally posted by Feruk
Anyone have a look at MEL and ARN? Two of the BEST junior O&G in my opinion going at huge bargains!

What makes them so good?

[SilverRex]

Positive divergence breakout on DOW, while it is not out of the woods however if it can close any week above 11862, then this may set up the entire pattern into a new 5 wave above 12876

[Feruk]

Originally posted by Euro_Trash

What makes them so good?
What doesn't? They drill horizontals in the BHL Swan Hills play with IP rates of 300boe/d plus. They do it cheaper then the majors. MEL's drilling their Cardiums for $2.2MM D/C/T I believe, which is WAY under the majors. Debt to CF below or right at 1:1, year end flowing boe metrics 90K/fl and 65k/fl for ARN and MEL respectively with 94% light oil and 65% oil respectively. They've both got solid land positions, enough money to fund their drilling programs, and large growths in production. They're easy tuck-ins for a major (Penn West). What's not to like? I see 30%+ stock growth on both. Upside's not priced in at these levels...

I compared them to a more popular junior (Legacy) which comes in significantly worse in every aspect. You can get MEL or ARN and get the upside for free, or you can get Legacy and pay an 85% upside premium.

[revelations]

Originally posted by SilverRex
Positive divergence breakout on DOW, while it is not out of the woods however if it can close any week above 11862, then this may set up the entire pattern into a new 5 wave above 12876

Today is make-or-break day.

The US dollar was up sharply at 3am last night, the markets responded this morning by opening down 1%.

[997TT]

sold the CPG position at $42.70 (bought $38.6X) today.

continue to try and take stabs at 10% gainers while keeping a decent cash position. Cmon OSK...get to $13+ so i can dump your ass.

[dawerks]

Basically, if the USD goes up, I'm going to short the market. IF it goes down, then I'm either out or waiting.

A big test for the USD is coming up. Will the US suck it up and take the pain (as they should) or are they going to (AGAIN) push it down the road?

[SilverRex]

Originally posted by SilverRex
while gold has certainly holding up very well. Over all technical remains bearish unless gold can close above 1700. Otherwise my view is that we still need gold to head back down under 1530 and complete wave .v

however if gold does punch above 1700 this could become the new floor and potential set a higher low in Nov for the next launching pad

http://i278.photobucket.com/albums/kk118/genmaster/gold100611.jpg

as suggested from my previous post, Gold has finally begun its 5th wave down and should target under 1530 to end the current string of weakness.

1700 held as expected and thus bearish tone remains.

I do expect once we and if we do dive under 1530, it could create a panic sell as well as panic buy. then the fun begins as the movement there after could very well either set gold up extremely bullish or make wave for yet a stronger sell off. Time will tell

[fluid]

could you do a update on oil sr?

[themack89]

Originally posted by fluid
could you do a update on oil sr?

Fundamentally speaking oil is a steal at $80 and below.

If it gets close to 80 again, or 75, you should feel comfortable getting aggressive.

[urbannomad]

What are you guys looking at or recommending for the next month or so for investing? :dunno:

[dimi]

What do you guys think of this Groupon IPO?

10+ billion valuation
Net loss of $238M for the last 9 months (consistently losing money)
Questionable accounting practices

What gets me the most though is their business model which I think is an absolute joke.

So lets say you make a product that costs you $40 then you sell that product for $50. So with a Groupon offer the price is reduced to $25 (50% off), half of which Groupon gets to keep. So you end up with $12.50 for a product that cost you $40. $10 profit vs. $27.5 loss. And do you really think all those customers will be back now that they have to pay TWICE as much? So now you need 3 customers to make up for 1 Groupon.

If you make a great product/service, why would you ever consider Groupon?

[Feruk]

I don't invest in companies that don't make money. Groupon IMO is a big joke. I don't see the business.

[revelations]

Originally posted by urbannomad
What are you guys looking at or recommending for the next month or so for investing? :dunno:

Be thinking short term investing vs. buying and holding.

It was options expiration week so a TON of L2 games were played by the insitutions (more than usual). Expect next week to settle down, one way or the other.

[themack89]

Originally posted by revelations


Be thinking short term investing vs. buying and holding.

It was options expiration week so a TON of L2 games were played by the insitutions (more than usual). Expect next week to settle down, one way or the other.

How many people here care about L2 games lol. Are you professional day trader?


Originally posted by Feruk
I don't invest in companies that don't make money. Groupon IMO is a big joke. I don't see the business.

What is groupon's inflation rate? :rofl: Just messin

[revelations]

Originally posted by themack89
how many people here care about L2 games lol. Are you professional day trader?

Not a pro, but was just making an example of why this past week was a pivot point (artificial high) for the market.

Another example - false positive news reports released just to try to prop the markets up a bit.

[Rat Fink]

.

[themack89]

Originally posted by Rat Fink


A large portion of my money made from trading is from L2 games....either creating it or exploiting it. LOL. Same with stock forum cheerleading or fear mongering Its definately something to be aware of if you are holding something for a day or two as it does make a difference.

I'm not saying any person in particular wouldn't care about L2... But if you're watching the screen enough to be in tune with such things then day trading is likely a sufficient portion of your income, thus you could probably label yourself as a professional day trader.

If you're playing with enough money and it makes a substantial difference in your life to understand L2 games then you probably wouldn't be comfortable going to sleep with the amount of money youre risking on a daily basis; at the least I'm assuming you have downsized your positions by the end of the trading day.

But these must be some thinly traded stocks you guys are playing if this is the case... I know guys who comfortably eat up +1mil buying power day trading and they could care less about spoofers or stacking the book lolol (and still earn 20k+ / month). So understandably if you're taking advantage of liquidity pools yeah L2 would help immensely.

I guess my main point was most people [on beyond] wouldn't need that stuff. There's always the exception.

[broken_legs]

I find market depth to completely useless on the big exchanges.

There's a 0.03 cent bid/ask spread with 600,000 on the bid and 25,000 on the ask, you can watch small traders throw in a couple thousand shares into the middle and it gets taken out instantly all day long yet the bid never moves.

Some of that 600k might be real, but what you don't see is the 5,000,000 sell orders hiding in a computer algorithm that only hit the exchange when more bids appear.

Then again, L2 on the venture or TSX in little mining stocks is totally different. Some days it seems like you and 3 other day traders are playing mind games with each other lol

[revelations]

I dont get into the L2 games - but I try to be aware of them at least.

I run a simple algorithm with live trades, avoiding all the media hype by focusing on pure technical analysis. (1 minute charts, EMA, RSI, ADX).

I trade 2-3x ETFs (inverse or market following) - but I dont square out at the end of the day necessarily (under certain market conditions - like options expiration week, yes).

While ETFs have their own short comings in a macro scale, in the micro setup they are very useful as the US market conditions can be predicted by the state of the US dollar index, pre market.

[themack89]

Originally posted by broken_legs
Some of that 600k might be real, but what you don't see is the 5,000,000 sell orders hiding in a computer algorithm that only hit the exchange when more bids appear.

There are also reserve orders... Post 500 shares and reserve at 1million. E.g. bid/ask only displays your 5 and will just sit there until you've got your 1million shares.

Generally when someone posts something ridiculous like 600k / 6mil / whatever shares (and the subsequently pull the order) its usually to fuck with the algorithms so the trader can get faster fills on the other side or get earlier in on the ECN line up.

[SilverRex]

its been awhile since I last shared my thoughts, technically if anyone recalls with my last oil chart, I was expecting the dip towards 75 which was fulfilled, and the importance of oil crossing over 90, well it finally closed above 90, and thus, this imo would suggest 75 to be the bottom, and now we will look for pull backs for entry and continuation for price to retest 100 and soon over once again.

DOW also suggest a breakout/divergence/ over 11862 which again if it can close out the week above this would confirm the latest move down to 10404 to be corrective.

Yes, this means both oil and DOW has given a buy signal that there is more upside in the coming months. This upside may just be another 5 waves up to new highs or it can be the start of a new multi year uptrend but time will tell once each moves shows its hand.

the drop below 1530 gold never did happen, while oil had a double bottom at 75, gold had enough buying pressure to held it in place relatively well. its key resistance is 1700 to also put away the 1530 bottom. and begin a new multi-month trend.

US dollar index is begining to take out many support which could suggest further weakness ahead.

All in all, this could setup for the market for a nice rebound in the coming months which I welcome, since no body wants a double dip recession. Not me anyways.

(if oil is beginning to advance again watch out for NG) its the one sector still waiting to explode

[cosmok]

USD.CAD is bouncing off the Fibonacci levels nicely since the large advance yesterday, look to 1.004 for support before proceeding below par.

http://i41.tinypic.com/wa348w.png

[broken_legs]

Gold: Kicking Ass and Taking Names.

Consolidated above $1700. Was at 1760CAD this morning.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/Gold%201700.jpg
www.zerohedge.com

[mgwatson]

Too much whipsaw in the market for my liking. I'll be flying under the radar until things stablize a little bit.

[themack89]

Originally posted by SilverRex

(if oil is beginning to advance again watch out for NG) its the one sector still waiting to explode

What makes you think NG will explode if oil does?

I think Oil exploding is bad for Natural Gas. My loose understanding is price and production dropped off the face of the earth by end 2008 because of a plethora of factors, one of the majors being increased competition for Oil sands production.

Oil is more profitable, bar none. Oil will have precedence in pipeline capacity over natural gas and oil will have development precedence over natural gas. Global demand for Oil will COMPLETELY out strip demand for NG because demand for NG is too localized, iirc the US produces 90% of their NG requirements.

Unless I'm missing something, I don't think NG has any reason to explode. No demand, huge supply, its tougher to store than Oil, it uses same production and transport methods as oil, it isn't nearly as profitable... Basically the only thing it has going for it, which in the eyes of profit maximizing entities doesn't matter, is the economics of using Natural gas as a fuel. It's TOO efficient. I think on an energy equivelant basis, NG is roughly 1/4 to 1/3rd the cost of Oil.

:dunno:

[davidI]

Originally posted by themack89


What makes you think NG will explode if oil does?

I think Oil exploding is bad for Natural Gas. My loose understanding is price and production dropped off the face of the earth by end 2008 because of a plethora of factors, one of the majors being increased competition for Oil sands production.

Oil is more profitable, bar none. Oil will have precedence in pipeline capacity over natural gas and oil will have development precedence over natural gas. Global demand for Oil will COMPLETELY out strip demand for NG because demand for NG is too localized, iirc the US produces 90% of their NG requirements.

Unless I'm missing something, I don't think NG has any reason to explode. No demand, huge supply, its tougher to store than Oil, it uses same production and transport methods as oil, it isn't nearly as profitable... Basically the only thing it has going for it, which in the eyes of profit maximizing entities doesn't matter, is the economics of using Natural gas as a fuel. It's TOO efficient. I think on an energy equivelant basis, NG is roughly 1/4 to 1/3rd the cost of Oil.

:dunno:

Energy basis is 1:6. That is why the historical prices are supposedly 1:6 (only met this criteria sometimes over the years) and reserves are booked on a 1:6 euqivalent.

Oil & NG theoretically both increase in price as demand increases. Speculation has obviously thrown that off a bit but demand is largely based on the overall economy and therefore the energy needs of the economy. Industrial production / power generation greatly impact NG. Increased drilling for oil based and neglect of NG fields will also eventually lead to a decrease in supply and companies are actively working to increase demand through promoting NG as a transportation fuel and for electricity generation.

NG is also slowly becoming a global commodity through LNG as well. Obviously, this is a short-term investment thread so not really applicable, but the entire NG market could change drastically in 5-10 years assuming LNG facilities are built.

Also, oil and natural gas generally do not share pipelines AFAIK.

[themack89]

Yeah haha I wasn't sure if NG / Oil share pipelines or not. I actually don't think they do, but in light of that, I don't think NG pipelines are significantly cheaper/more expensive than Oil pipelines to build and operate. Alas, I still stand by most of what I said.

I've also heard of the horizons to implement more NG infrastructure and you are right this would for sure give NG a much needed boost in terms of demand and price.

I just wanted to make a point of the long play on NG vs Oil, I dont believe one will out perform the other significantly, but Silverrex seems to think otherwise. I want to know why!

[davidI]

Originally posted by themack89

I just wanted to make a point of the long play on NG vs Oil, I dont believe one will out perform the other significantly, but Silverrex seems to think otherwise. I want to know why!

I imagine he's be looking at technicals, rather than fundamentals. You're considering fundamentals. Fundamentally, in an elastic, free-market economy, if oil is $90, gas should be $15 (all about energy equivalents) so there is a lot of upside to NG. Of course, due to the cost of infrastructure and consumer adoption of energy, it's a relatively inelastic business in the short term.

[997TT]

fk, loving this rally. still holding over 1k shares of TCK.B ... even though its up11% i'm still down. haha...

need fkn OSK to pop a bit so i can sell that. slowly building up cash position...with my luck mkt will rally to the tits as i'm selling into it.

[997TT]

finally TBE... man should've scooped up more when price was in the mid $1's.

[997TT]

fk wish i was still holding GCE shares...or bought them during the past few weeks.

[RawB8figure]

What happens to the GCE shares now that they have been bought out. I am sitting on some but never encountered a buyout and am not sure if I will have to sell sooner or later or will they switch names?

[roopi]

Originally posted by RawB8figure
What happens to the GCE shares now that they have been bought out. I am sitting on some but never encountered a buyout and am not sure if I will have to sell sooner or later or will they switch names?

Once the deal closes you will receive the cash into your brokerage account. IMO if you don't think that the company will receive a higher buyout offer I'd just sell the shares now for $9.80 instead of waiting for the deal to close so you get the $9.89 a share. You can put the money to use on your next investment. These things take time if you decide to wait it out for the extra $0.09/share or the possiblility of another buyout offer.

[RawB8figure]

I decided to sell at $9.86

[roopi]

Originally posted by RawB8figure
I decided to sell at $9.86

Good Call. The last stock I held that was bought out took about 6 months to close the deal. You can do much more with the money instead of waiting for the few cents/share.

[bitteeinbit]

Agreed. Better to take in at least part of your profits while you can. Another option would have been to sell half, or sell the amount you put in (say you had 5k worth of stock but it was now worth 8k, sell 5k worth of stock and keep the remaining as "play money" where it just stays there and you can see it move without worrying about losing whatever you put in).

[SilverRex]

looks like oil is correcting between 90-95 until a breakout upwards occur as I see its moving in a 3-3-3 wave. Very corrective in nature.

like I said, once oil breaks above 90, the bottom in oil is secure and its waiting for the right moment to burst wide open

[997TT]

wow ... CNQ. my top holding.

sold half my OSK at $12.90... took long enough...haha. still holding the other 1k shares.

sold my TBE shares too .... man i averaged down on that and held it for months. Finally squeezed out a small profit

freeing up tons of cash...could use a 3 day sell off to beef up some holdings.

[Neil4Speed]

Originally posted by 997TT
wow ... CNQ. my top holding.

You must have done really well on this for the last two weeks or so. Today they announced a dividend, so pretty good.

I unfortunately switched it into CVE during that big drop on Thursday. Bad move.

[997TT]

Originally posted by Neil4Speed


You must have done really well on this for the last two weeks or so. Today they announced a dividend, so pretty good.

I unfortunately switched it into CVE during that big drop on Thursday. Bad move.

Can't really take credit for owning CNQ... my wife worked there for 6 years and we cashed in huge on stock options. They shares we have left were from a company savings plan and b/c we made so much she is obsessed with holding it (i sold 500 shares once and she had a fkn cow). haha.

last 2 weeks, i flipped it once for 10%. not exactly "done really well" but i'll take it.

[slick2404]

Can someone please tell me what exactly happened with ONR??

[997TT]

Split into 2 companies. Onr and psn

[Feruk]

You've got shares in both, don't worry about it. That 79% drop isn't real, the value is in PSN.

[slick2404]

haha thanks gentlemen, had me scared for a bit!

[davidI]

Damn, been waiting to get into SU and after their Q3 results they rocketed up.

Still hoping to time a nice entry to COS, SU, CNQ for a longer-term hold.

[broken_legs]

Margin Call Monday.

[roopi]

Originally posted by broken_legs
Margin Call Monday.

Why do you say that?

[ZenOps]

Holy crap, margin monday is right.

26% raise in "maintenance" margin for the entire CME to bring up all commodities to 1:1 ratio.

On all commodities. All of them Jeebus Cripes.

Gold down $100+? Silver down $5+? If oil and copper begin to tank it could take down things like sugar and coffee.

Which of course will affect the markets as well.

EDIT: Whoops, it looks like its a reduction in "initial" margin instead... My bad. Still, this could be negative in that they are worrid that all those coming off the now defunct MF global might not buy back into anything at all - on paper. So they reduce the initial to scoop up people back into the paper game.

[Feruk]

Started building a position in REL on the Venture Friday. After watching them for 3 years, they're finally undervalued me thinks.

[bitteeinbit]

Europe is such a shitshow... All these fucking Mediterranean countries want siestas and can't get their act together. It's pathetic that they've been so lenient on them for so many years and now it's coming to this... Hopefully they pull through but we never know.

[ZenOps]

Hang Seng down 1,000.

Expect extreme pain today.

[997TT]

adding back the 1k osk position today. if it falls more, i'll buy some more. lol

[997TT]

Feruk, are you still in SLI?

been on a crazy ride from 2's to $2.80...now almost back to wher it started. Are you still accumulating?

[themack89]

Gonna say this move up in crude will not last much longer than a month and we won't get much past 100-105.

Don't take my word for it, just referencing for myself. I could be wrong!