Official Short-term Investments Thread

[ercchry]

Originally posted by icky2unk
RRX at 7.. I just can't resist at that price to average down on stuff I bought earlier in the year.

i already did at 7.12 :rofl:

[icky2unk]

Originally posted by ercchry


i already did at 7.12 :rofl:

I don't know why it is taking such a big hit, one of the lowest cost producers on the market and balance sheet or more than capable. There was a case from TD I believe that justified a 5% dividend at currents rates and current oil prices.

Works for me though because I am averaging down on my $9 purchases hah.

Guess i'm not hedging with my spare capital anymore.

[Sugarphreak]

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[ercchry]

Originally posted by Sugarphreak


Well.. just bought in pretty heavy on some O&G stocks. Looking for a spike tomorrow


Here is hoping this pans out the way I expect

i too would like to see a spike soon :rofl:

im just trying not to average down again today though... just in case it doesnt happen

[Sugarphreak]

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[ercchry]

Originally posted by Sugarphreak
This is a outside of my normal investment stratagies... and probably a little bit more risk that I normally like to take.

I have a theory that people are expecting bad news, and therefore they are waiting for the stocks to drop to get a good buy-in price... but instead the stocks will spike, and it will cue a buying frenzy that should last right into the late afternoon.

oh trust me, they've been dropping alllll week in anticipation of this

[Type_S1]

I wouldn't hold your breath...all signs point to a significant drop tomorrow afternoon (IMO of course) than a spike after the initial panic. Like I said earlier, sold anything energy yesterday and ready to buy heavily into the market Friday morning and hopefully see a quick 5% gain.

RRX, TOU, CNQ, SGY, TOG, YGR, LEG...lot's of others as well should see a quick turnaround.

[Sugarphreak]

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[BavarianBeast]

If only I had a crystal ball..

[Sugarphreak]

...

[ercchry]

having thanksgiving tomorrow makes things extra interesting too... i have a buy order nice and low if things tank, so i can average down for any peaks that might happen... and if that doesnt happen well... hopefully i can take some profits before the weekend

[icky2unk]

WCP looking appealing at 13 bucks too..

oh the choices.

[BavarianBeast]

Everything looks appealing and those who don't have their money tied up in the markets are positioned for some huge gains.

And I forgot, what is the chamber that diamonds are formed in again?

It starts with a K but for the life of me I cannot recall what it is.

My balls were forged in that based on my holdings. :rofl:

[ExtraSlow]

Kimberlite.

[Type_S1]

Originally posted by Sugarphreak
The issue is that you and every other average Joe investor are thinking the same thing and going to be flooding the market Friday morning... which is exactly what I am banking on.

Really the drop is already priced into the stocks at this point, and the some; as usually people panic a little bit before these types of announcements... unless the news is significantly worse than expected, the stocks will correct and cause a sudden rally tomorrow morning. I wouldn't be surprised if a few people catch on and you see a little recovery at the end of today.

I don't think it will last long... in fact I expect to see it taper off by the afternoon and maybe even start to drop as soon as Monday. It just depends how emotional the market gets over this.

Haha, I would like to see an above average investors portfolio over the last year if I'm called an average joe ;)

So you are saying you expect a rally through to Friday and a drop on Monday? I think we will see a drop through to Friday and a rally starting Monday, depending on how bad OPEC's announcement is taken. It's all a guessing game, we could both be wrong?

The big banks have already priced OPEC's uncertainty into stocks from Monday through to today but that doesn't mean people won't panic when they hear the news. Fear is the strongest emotion! I have buys out for 3%-4% under current prices as I really do believe tomorrow will be a bad day.

[BavarianBeast]

Originally posted by ExtraSlow
Kimberlite.

THANK YOU!

[Sugarphreak]

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[-relk-]

Ouch, oil down ~1.5% already today. Does anyone know when we will hear about the results from the OPEC meeting? The meeting notes say the press conference is at 16:00, I am guessing that is Austria time, so are the results coming in this morning?

EDIT: Just read a press announcement from them. Looks like they are not cutting production, I didn't see them specifically mention it in the article I read though. I suck at interpreting this stuff.

[troyl]

8:00 - No production cut.

[GT.....O?]

Anyone going on a spending spree?

lots of stuff down 10%

[tha_bandit]

black friday sale!

[Strider]

Originally posted by Sugarphreak
Here is my prediction for Friday:

OPEC announces a 500K barrel reduction or less, which should be considered disastrous for keeping oil prices above 60$ over the next few months; despite this, several oil companies will have stocks that unexpectedly go up 6~8% that day.... tapering off by the afternoon and dropping back on Monday

Nailed it!


Originally posted by Type_S1
I wouldn't hold your breath...all signs point to a significant drop tomorrow afternoon (IMO of course) than a spike after the initial panic. Like I said earlier, sold anything energy yesterday and ready to buy heavily into the market Friday morning and hopefully see a quick 5% gain.

RRX, TOU, CNQ, SGY, TOG, YGR, LEG...lot's of others as well should see a quick turnaround.
^ I gotta start following this guy

[Sugarphreak]

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[Type_S1]

Originally posted by Strider


Nailed it!


^ I gotta start following this guy

I think a lot of people may have lost their shirts with this drop. If you don't see a stock jump by mid next week we are in for another recession. This dip was way worse than I imagined, I was thinking 5%ish range across the board but I picked up RRX, CNQ, CPG & TOU again today. Might pick up some Torc later on but I like the "bluechip" oil and gas companies in times like these so I'll just gamble on RRX. Might throw more money in tomorrow but seeing what this afternoon and close brings first.

[icky2unk]

Originally posted by Type_S1


I think a lot of people may have lost their shirts with this drop. If you don't see a stock jump by mid next week we are in for another recession. This dip was way worse than I imagined, I was thinking 5%ish range across the board but I picked up RRX, CNQ, CPG & TOU again today. Might pick up some Torc later on but I like the "bluechip" oil and gas companies in times like these so I'll just gamble on RRX. Might throw more money in tomorrow but seeing what this afternoon and close brings first.

No WCP?

So why CPG, as they are a Bakken player and if prices continue to fall the Bakken is not the best play to be drilling out of. I'm in BTE so i'm obviously in no better position but just wanted to see your stance.

[BavarianBeast]

THE WORLD IS ENDING...

:eek: :eek: :eek:

I haven't quite lost my shirt, but I've sure as hell lost a lot of my gains that I had over the past 1-2 years. I guess that's what you get for holding the bag eh.

[Type_S1]

I really don't like WCP. All of WCP's fundamentals point to it be extremely overpriced. CPG has been a company that was able to recover well through the last recession, are doing value add deals and have great management. Some of their fundamentals are out of wack, but they always have been. I can't say I feel the same about BTE.

[ExtraSlow]

If this drop lasts more than A weel, I'm going to have to drop more money in on someone and double down. I've held all my energy stocks going in, and selling now would be madness.

FML, thank god I earn a salary.

[ercchry]

Looks like a lot of buying today already, still have orders in for averaging down but nothing is low enough to hit them yet... sold out ctc.a today though for some nice gains

[riander5]

We all should have loaded up on HOD :cry:

[icky2unk]

I'm gonna unload all my pipelines and move it into E&P.

Out of Veresen and IPL and KEY at 30% gains while I have em. Thinking of making a move into CPG and maybe SGY.

[BavarianBeast]

I'm going to start trading pork bellies and bushels of barley.

[riander5]

Who is looking at loading up on HOU after tomorrow? Will HOU drop more? Will HOD continue to rise tomorrow?!?! Free ETF trading!!!

[max_boost]

Ya boys. Everyone gets caught here and there lol the question is can you get yourself out. Man's game. The words averaging down has haunted me to no end in a previous life. Good luck. :rofl:

HOD indeed. :eek:

[Sugarphreak]

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[themack89]

Some big spread opportunities right now boys. Too bad long weekend.

[JustinL]

Which sectors do you guys think will benefit the most from low oil prices?

Air travel? Truck manufacturers?

[TomcoPDR]

Originally posted by max_boost
The words averaging down has haunted me to no end in a previous life. Good luck. :rofl:



The white collar version of double-down in blackjack.

[Sugarphreak]

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[max_boost]

Originally posted by JustinL
Which sectors do you guys think will benefit the most from low oil prices?

Air travel? Truck manufacturers? WJA+6% lol

[-relk-]

Originally posted by max_boost
WJA+6% lol
Air Canada was up 10% at one point too.

TMA (Trimac transportation) up a little today as well, been eyeing this one for a long time, waiting for it to get in the 6.75ish range again to pull the trigger

[GT.....O?]

BTE down huge... 15% @ 25.38... Anyone buying?

Since everyone here seems to love BTE lol

[slick2404]

I need more buying powaaaaaaarrrr

[ExtraSlow]

Originally posted by GT.....O?
Since everyone here seems to love BTE lol Not everyone here loves BTE. I feel like they are poorly managed and wouldn't survive a downturn well.

[civic_rida]

Made some money on bne in and out.
:drama:

[Feruk]

Initiated position in RRX.

[icky2unk]

Originally posted by Feruk
Initiated position in RRX.

Really contemplating hard on RRX. Seriously such a low cost producer and has always executed well on quarters.

Hard not to like them. My average on 1000 shares is close to $8.90, contemplating hard on averaging down hard at todays price.

[BavarianBeast]

Who mentioned PTK several months ago? I think somebody mentioned it when the stock was about $1.50-$1.70, took a nice run up to $2.80 and then back down again.

I'm watching it closely now and am now thinking about taking another position.

I do not know sweet fuck all about the semi-conductor industry, but for those that do, what do you think of POET?

[themack89]

Originally posted by BavarianBeast
Who mentioned PTK several months ago? I think somebody mentioned it when the stock was about $1.50-$1.70, took a nice run up to $2.80 and then back down again.

I'm watching it closely now and am now thinking about taking another position.

I do not know sweet fuck all about the semi-conductor industry, but for those that do, what do you think of POET?


Originally posted by Superman403
Just a heads up tip.

Check out Poet Technologies. PTK (or POETF).

[Type_S1]

Hopefully we will see a rally Monday....doom and gloom today for Energy, some other sectors are doing alright though.

[themack89]

Payday on cattle today baby!!!!!!!!!!!

:bigpimp:

[BavarianBeast]

^ Nice. At least someone is happy.

I'm now routing for my big biotech play to triple so I can forget about all the money that I'm bleeding haha.

[themack89]

Originally posted by BavarianBeast
^ Nice. At least someone is happy.

I'm now routing for my big biotech play to triple so I can forget about all the money that I'm bleeding haha.

Just 1 play? What is it?

I got my dad to buy big into a biotech ETF which mostly holds small and micro cap biotech's. He loves it, such a resilient position and relatively uncorrelated with the market.

Only reason I don't own any is because its not capital efficient for how much $ I have.

[Env-Consultant]

Originally posted by Feruk
Initiated position in RRX.

Follow suit about 10 minutes ago.

RRX and....even though I said I'd never buy them... PWT. The price is just too low not to buy them right now - dividend cut or not. I'm planning on leaving the coin in for at least 6-12 months though - I really like how RRX is looking.

[Feruk]

Originally posted by Env-Consultant
even though I said I'd never buy them... PWT.
I threw up a little in my mouth. Having said that, I have $10 January calls on them that I bought a week before the accounting scandal. :( I worked there for some time and learned that just when you think it can't get worse, it ALWAYS does.

[Env-Consultant]

Originally posted by Feruk

I threw up a little in my mouth. Having said that, I have $10 January calls on them that I bought a week before the accounting scandal. :( I worked there for some time and learned that just when you think it can't get worse, it ALWAYS does.

Hahaha - I'm so ashamed of myself right now. The accounting scandal was icing on the cake - I've always hated them for bleeding themselves of cash through absurd dividends (I have my own thoughts on high dividends that I'll keep to myself). Now it's time to use and abuse PWT to make some cash.

[BavarianBeast]

Originally posted by themack89


Just 1 play? What is it?

I got my dad to buy big into a biotech ETF which mostly holds small and micro cap biotech's. He loves it, such a resilient position and relatively uncorrelated with the market.

Only reason I don't own any is because its not capital efficient for how much $ I have.

Well I've been following ARIAD pharma since they had their drug pulled from the market and was crushed from about $22 to $2.

Drug is now back on the market and is becoming approved in many other countries, they also just received breakthrough designation on one of their drugs they are in the process of becoming FDA approved. I managed to average down to about $6.10 a share, and it looks like the stock is finally making the right moves to become a rocket ship.

It's a pretty risky play, like most biotech but my gut just makes me feel good about this one..

[Sugarphreak]

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[quick_scar]

Originally posted by Sugarphreak

Hard to get a solid read on the market, it looks like investor confidence is exteremly low. What I can't figure out is if we are going to get an upward correction this week, or if the markets are just going to bleed out for the rest of this month.

I am betting on the latter and have the money that matters to me out in cash (been out for a couple weeks now. Will probably jump back in after new years). Stuff I am already hugely underwater on (i'm looking at you NFK/DXE) is in a holding pattern till they either do something again down the line, or go bust completely.

[CompletelyNumb]

Originally posted by quick_scar


Stuff I am already hugely underwater on (i'm looking at you NFK/DXE) is in a holding pattern they they either do something again down the line, or go bust completely.


:barf: I'd like to forget about those shares completely destroying my overall profit/loss on my tfsa.

[Sugarphreak]

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[CompletelyNumb]

Guns and ammo ;)

[max_boost]

Come on sugar phreak we are relying on your clarity haha you slipping a bit. No either or lol just tell us if its a good time to buy and what sector lol

[TomcoPDR]

Time to average down

[Sugarphreak]

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[icky2unk]

So do you think the bow will let me on the top floor?

lol jk

[BavarianBeast]

^ Wanna hold hands?

[killramos]

Originally posted by icky2unk
So do you think the bow will let me on the top floor?


If you are in the bow you aren't doing that bad compared to some of us...

http://www.bloomberg.com/quote/ECA:CN

http://www.bloomberg.com/quote/CVE:CN

:cry:

[icky2unk]

Originally posted by killramos


If you are in the bow you aren't doing that bad compared to some of us...

http://www.bloomberg.com/quote/ECA:CN

http://www.bloomberg.com/quote/CVE:CN

:cry:

Oh i'm not in the bow haha I need someone to bring me to the top floor so I can ensure success lol.

[Sugarphreak]

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[icky2unk]

Originally posted by Sugarphreak


they have an indoor drop from the top floor all the way down don't they?

So much more comfortable being able to jump indoors, too cold to jump outdoors right now

Well now this is sounding much more appealing!

[woodywoodford]

Anybody in here do any proper day trading? I was throwing around the idea of some paper practice, then upping my questrade subscription to enhanced streaming w/ TSX-V level 2 for a month. $75 for TSX level 1 and TSXV level 2, I've spent more on less. Take a few weeks off work and give a try...

- Does the venture have enough activity to find high volume stocks to follow?
- Does Canada have any kind of daytrading rules like the pattern trader in US (fairly certain QT doesn't follow that one)
- Level 2 is needed amiright? Level 1 would be insufficient?

Could even add pink/otc level 2 for like $10/month :nut: :nut:

[ercchry]

Originally posted by woodywoodford
Anybody in here do any proper day trading? I was throwing around the idea of some paper practice, then upping my questrade subscription to enhanced streaming w/ TSX-V level 2 for a month. $75 for TSX level 1 and TSXV level 2, I've spent more on less. Take a few weeks off work and give a try...

- Does the venture have enough activity to find high volume stocks to follow?
- Does Canada have any kind of daytrading rules like the pattern trader in US (fairly certain QT doesn't follow that one)
- Level 2 is needed amiright? Level 1 would be insufficient?

Could even add pink/otc level 2 for like $10/month :nut: :nut:

if you could stop questrade from risk reviewing shit, then it might work. but i've set that off a few times on less than 10% of portfolio being traded and its a PITA

your actual profit is real time though so if you can do some quick math selling isnt an issue... using limits for buying would solve the buying side of things too

i thought there was rules on buying and selling the same stock over and over again though? but you could get around it by using options since each strike and expiry is a separate entity?

[Rat Fink]

.

[Sugarphreak]

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[Feruk]

Debt/CF is out of control from high level look. If oil stays low, this is not a name I'd want to be holding as there is a good chance they would not survive.

[themack89]

Originally posted by woodywoodford
Anybody in here do any proper day trading? I was throwing around the idea of some paper practice, then upping my questrade subscription to enhanced streaming w/ TSX-V level 2 for a month. $75 for TSX level 1 and TSXV level 2, I've spent more on less. Take a few weeks off work and give a try...

- Does the venture have enough activity to find high volume stocks to follow?
- Does Canada have any kind of daytrading rules like the pattern trader in US (fairly certain QT doesn't follow that one)
- Level 2 is needed amiright? Level 1 would be insufficient?

Could even add pink/otc level 2 for like $10/month :nut: :nut:

To really make that shit worth it I think you'd need rebates, not pay out fees. And then you'd need to be moving like >100,000 shares per day. (I only know this because I did it for a while and was moving a lot of shares. It takes a very specific personality to do it, can be really stressful.)

Very very few people NEED level two quotes to day trade, unless you're doing something horrendously niche-like.

[BavarianBeast]

Is anybody here looking into how to leverage obama's decision to spend $263 million on body cameras for police officers?

TASR looks like it could be a good contender to be awarded a large portion of the contracts, is anybody else doing any research on this?

[killramos]

it would be really nice if i could have a week where i dont lose more on my portfolio than I take home in pay... :(

[phreezee]

Originally posted by Sugarphreak
Anybody been watching MEG Energy?

Stock went from 40$ in the summer to 27$, and then to 17$ in just 5 days... WTF?


Trying to decide right now if this is an over-reaction and cheap stock, or tainted stock

Analysts rate it a buy at $35. My buddy picked it up at $18 yesterday and I'm holding it also (@$35 :rofl: )

[ercchry]

3/15 holdings in the green :barf:

still have over a month and a half till i start to worry though

[civic_rida]

Made some nice coin on TASR :thumbsup:

[BavarianBeast]

Originally posted by civic_rida
Made some nice coin on TASR :thumbsup:

Still holding it?

I have been thinking about adding some to my portfolio all day.

[icky2unk]

People still buying RRX? Still not sure if I should average down or just wait for tax loss season to be over.

[Sugarphreak]

...

[themack89]

So how was everybody's November?

[BavarianBeast]

green has never looked so good

[civic_rida]

I sold tasr at 24.

[Env-Consultant]

Originally posted by icky2unk
People still buying RRX? Still not sure if I should average down or just wait for tax loss season to be over.

Apparently they have been this morning :thumbsup:

Up 8.1% as of right now - yesterday had a decent AM climb and then it fell back to open by close. We'll see what the afternoon brings. I got in on Thurs @ 6.19. Tempted to buy some more...

I'm just waiting for the institutional investors to hammer the oil stocks again. I suspect they did some massive selloffs, driving the price down, with a plan to pick them back up again at grossly discounted prices.

[ercchry]

was watching market call the other night... gross amount of buffet quotes were used relating to oil :rofl:

[icky2unk]

Originally posted by Env-Consultant


Apparently they have been this morning :thumbsup:

Up 8.1% as of right now - yesterday had a decent AM climb and then it fell back to open by close. We'll see what the afternoon brings. I got in on Thurs @ 6.19. Tempted to buy some more...

I'm just waiting for the institutional investors to hammer the oil stocks again. I suspect they did some massive selloffs, driving the price down, with a plan to pick them back up again at grossly discounted profits.

Yeah I'm a little hesitant to jump back in yet. Think it might just be a dead cat bounce.

[themack89]

Sold 3 quarters of my Cattle position, bought in -1.95 offered out +0.025. Will hold and see where the last quarter goes. Really happy how this trade turned out.

Bought a couple puts on March 540 Wheat (ECBOT). Will see how that goes.

[TomcoPDR]

Anybody making $$ in this market? Think I'm tapped out. :(

[icky2unk]

Originally posted by TomcoPDR
Anybody making $$ in this market? Think I'm tapped out. :(

Trying to ease the losses haha.

Baytex at $19 lol, how to lose 50% in 1.5 Months 101 lol

[GotRice?]

Originally posted by icky2unk


Trying to ease the losses haha.

Baytex at $19 lol, how to lose 50% in 1.5 Months 101 lol

Aye as well..... What companies stand to gain the most with a low oil price? I think someone mentioned airlines earlier such as WJA. Theyre on a tear right now... Thoughts?

[icky2unk]

Originally posted by GotRice?


Aye as well..... What companies stand to gain the most with a low oil price? I think someone mentioned airlines earlier such as WJA. Theyre on a tear right now... Thoughts?

That is what they say but at the end of the day everyone is probably thinking the same thing and that's why airlines have shot up so much this past few weeks but who knows lol.

[buh_buh]

ENB jumped from $54 to $64 this morning based on a financial restructuring.
That's one green out of many reds.

[themack89]

I had a great November, but I'm probably one of the only guys here who wasn't long on oil lol.

[Neil4Speed]

Originally posted by Sugarphreak
Anybody been watching MEG Energy?

Stock went from 40$ in the summer to 27$, and then to 17$ in just 5 days... WTF?


Trying to decide right now if this is an over-reaction and cheap stock, or tainted stock

I looked into it after reading your post.

Seems like a good buy as their operating costs for an OS project seem reletively low. They have definite netback potential even at these low prices.

http://www.megenergy.com/sites/default/files/user_uploaded/images/MEG%20Energy%20Investor%20Presentation%20November%202014%20%28FINAL%29.pdf

[icky2unk]

What do you guys think about the pipes today?

I'm thinking it may be a good place to park some money till the dust settles.