Official Short-term Investments Thread

[ercchry]

figured it was time to buy something again...

CJ (still waiting for order to fill), WRG, EFX, SES, FRC, and since TSLA is playing with the $200 mark again, some march contracts

[Type_S1]

Playing a bit of medical stocks at the moment but I sold out of all Energy and am waiting for the bottom with a cash position. Top picks are still CNQ, TOU, RRX. I would run from surge, everything about their current position stinks.

CJT should have an interesting year...I am thinking about opening a position.

[themack89]

Originally posted by woodywoodford
Oh my inner conspiracy theorist is still going nuts and probably isn't too far from the truth, I'm just getting worn down by the way these sentiments are going. Maybe another way of putting it is the day Putin disappears I buy every oil stock I can find :burnout:

The question then is how long can he hold out...

I was more referring to their production and cost advantage... Welcome to compe-fucking-tition lmao, I thought Westerners were big fans of Capitalism.

[woodywoodford]

I believe in capitalism when it doesn't threaten me with wage rollbacks lol.

But actually my attitudes haven't changed at all. I believe in it, but I sure don't like it right now.

[roopi]

Originally posted by Type_S1
at the moment but I sold out of all Energy and am waiting for the bottom with a cash position.

How will you know when the bottom has arrived?

[icky2unk]

Originally posted by roopi


How will you know when the bottom has arrived?

When bad news on oil doesn't drop the price 1$ a day haha.

http://s14.postimg.org/u8azxhia9/image004.png

Could be soon

[EK69]

i was gonna get into the market 4-5 months back then got lazy...then again 2 months back and the downturn started...now it looks like its still going down... i dont even know wtf im doing but from the sounds of it all, keeping it in cash/high interest acct is the best move ? lol

who wants to give me some pro tips on where to put my money?
ill give u some of the profits haha (incentive to not give me BS tips :P)

[CompletelyNumb]

Just short everything prior to the Q1 earnings reports.

[themack89]

Originally posted by CompletelyNumb
Just short everything prior to the Q1 earnings reports.

This is beyond... we don't "short" things around here. :rofl:

[Type_S1]

Originally posted by themack89


I was more referring to their production and cost advantage... Welcome to compe-fucking-tition lmao, I thought Westerners were big fans of Capitalism.

Service companies deserve the roll backs. They have been charging retarded amounts of money for any type of service provided. Companies should see a 20-40% price reduction on the service side in the near term. Recently service guys are trying to negotiate prices and link it to oil prices. If oil raises 5% your service cost raises X%. LOL, any company stupid enough to sign that shouldn't be in business. Right now is the time to sign long term chemical, drilling and completion contracts at a massive discount if you have the volume.

[ExtraSlow]

It will be interesting to see if any of the larger operators are able to lock in unlinked discounted contracts for a longer term. I'm guessing very few service companies will be rushing to sign those.

[BigMass]

Janet's back from vacation buying up futures as usual. Her morning routine along with the cup of coffee and rat pellets.
http://i0.huffpost.com/gen/1530067/thumbs/n-JANET-YELLEN-large570.jpg

[woodywoodford]

Originally posted by Type_S1


Service companies deserve the roll backs. They have been charging retarded amounts of money for any type of service provided. Companies should see a 20-40% price reduction on the service side in the near term. Recently service guys are trying to negotiate prices and link it to oil prices. If oil raises 5% your service cost raises X%. LOL, any company stupid enough to sign that shouldn't be in business. Right now is the time to sign long term chemical, drilling and completion contracts at a massive discount if you have the volume.

I was just thinking about how much frack hands make the other day. I fully agree that they need to be brought down a notch, 21 years old and $150k in your second year on the job is just stupid. But as soon as Canyon cuts their comp they all run over to Calfrac. Just can't win.

[themack89]

I think Office Hands make too much money.

[Type_S1]

Originally posted by themack89
I think Office Hands make too much money.

You mean the people designing the projects the rig hands perform? LOL I think accountants and admins are overpaid in this industry but the oil business is run and designed by 4 key roles, your engineer, your geologist, your geophysicist and your landman. Everyone else is just performing tasks given by these roles.

Rig hands making 6 figures is ridiculous IMO. Unskilled labor making sometimes more then the engineers making the company the money. There are field staff that the business couldn't run without but these are only a few key positions.

But im not hating, good on the young guys for making the money while its there. If I didn't go to school I'd first try to be a realtor and if that failed head for the rigs.

[ExtraSlow]

Originally posted by themack89
I think Office Hands make too much money. True story. I know I do.

[Feruk]

I'm shocked how many of you are bullish on O&G right now. Oil's about to break $45. Why would you possibly be buying now?? Yes you can state your posh "long term view, 3 years out" nonsense, but my "long term view" tells me to buy on the way back up (or at least at what looks like a bottom), not on the way down to a low we haven't identified. You might get lucky and oil might start massively rising tomorrow, but all indications say otherwise.

[lasimmon]

People are quick to forget if these guys are not making really good money, they simply won't do the work.

How do you attract people to a shitty lifestyle and long work hours without paying well?

And on the opposite end if you were to cut the engineers pay by 10% I am sure they would survive just fine. Considering most are far over payed for what they do and the knowledge they possess.

[roopi]

Originally posted by Feruk
I'm shocked how many of you are bullish on O&G right now. Oil's about to break $45. Why would you possibly be buying now?? Yes you can state your posh "long term view, 3 years out" nonsense, but my "long term view" tells me to buy on the way back up (or at least at what looks like a bottom), not on the way down to a low we haven't identified. You might get lucky and oil might start massively rising tomorrow, but all indications say otherwise.

I know I'll never catch the bottom. If I'm within 10% of it I'm happy with that.

[themack89]

Originally posted by Type_S1
You mean the people designing the projects the rig hands perform? LOL I think accountants and admins are overpaid in this industry but the oil business is run and designed by 4 key roles, your engineer, your geologist, your geophysicist and your landman. Everyone else is just performing tasks given by these roles.

lol. You sound like an office hand. When is the last time you spent a winter with a rig? In any position.

[lasimmon]

Originally posted by themack89


lol. You sound like an office hand. When is the last time you spent a winter with a rig? In any position.

Probably never. Probably never talks to ops people either.

[BigMass]

Originally posted by Feruk
I'm shocked how many of you are bullish on O&G right now. Oil's about to break $45. Why would you possibly be buying now?? Yes you can state your posh "long term view, 3 years out" nonsense, but my "long term view" tells me to buy on the way back up (or at least at what looks like a bottom), not on the way down to a low we haven't identified. You might get lucky and oil might start massively rising tomorrow, but all indications say otherwise.

over the past 6 years people have been trained to believe that the Fed will buy everything if it goes down too far. Just like they did with equities, bonds, real estate etc. (all directly or indirectly). Nobody believes anything can go down anymore.

[ExtraSlow]

You guys are funny, perpetuating the cycle of hatred between field and office hands. Simple fact is, they are different skill-sets, and both are crucial for success in the O&G industry. Just because one requires thermal underwear and one requires a degree doesn't make one automatically more valuable than the other. I've met worthless people on both sides of that coin, and all of the worst ones made more than 150k/yr.



As for buying when it's bottomed out, that's a good idea if you can accurately pick the bottom of the cycle. I know that I don't have the clairvoyance to do that.

My favourite quote on this subject, and I'm not sure who said it first:
"Bottom pickers get stinky fingers."

For me, the thing that gives me confidence to buy with this uncertainty is this:
- Decline curves worldwide are steeper now than ever, and getting steeper all the time.
- The projects that created this supply problem like the Bakken, Montney, Eagle Ford Marcellus etc all have incremental costs of production HIGHER than current prices. Even in Saudi Arabia, the cost for them to drill complete and produce from NEW wells is far higher than it was in the past.

here's an interesting chart from Morgan Stanley:
http://static2.businessinsider.com/image/53712e4f69bedde31684d4c3-480/oil-production.png


There are large producers who's marginal cost of new production is north of $80/bbl

Remember, new production is the only thing that can replace declines, and declines, like death and taxes, are unavoidable.

[Feruk]

Almost all large producer is planning to grow production this year, NOT reduce... In the next 5 years we'll see hundreds of thousands of new production from oil sands regardless if oil is at $100 or $60 (from previously started projects). So we're not cutting back, major US producers haven't talked about cutting back, and OPEC's not cutting back. Budgets are being reduced, but production will likely grow in 2015. Throw in a sluggish Chinese and European economy, the problem doubles.

This scenario also plays down any cost saving resulting from oil prices. If we assume 20-40% savings at lower prices (from this thread or another on here), split the middle at 30%, that $80 marginal cost could go to $56 (30% drop) pretty fast. So while some of the crap companies (see PWT, LTS) will fold, lots of others will continually to profitably grow production at $50 oil.

I think it makes sense to put some money into O&G stocks (I bought RRX and will prolly buy CPG in 6 months), but I suspect this sector will be dead money for at least the next 6 months. Dead money would be the optimistic scenario.

[Sugarphreak]

...

[ExtraSlow]

That chart may be oilsands mines, I'm not sure.

Plus, there are a lot of ways to slice and dice the numbers. I take it as a qualitative indication, not as absolute numerical truth.

[ExtraSlow]

Feruk, here's a question I don't have the answer to:

- Is the drop in oil prices due to the level of production, or the rate of production growth?

[Feruk]

I think the massive decline has been due to a mix of current over-production and short term production growth. I haven't seen any data for production growth past this year that I have any faith in though, so I can't speak to that. The forward price forecasting I'm seeing shows average price below $65 for 2015.

[sabad66]

Originally posted by Sugarphreak
That chart cannot be totally accurate, I know for a fact that some SAGD oil sands operations are closer to 35$ per barrel for production costs.
my guess is Heavy Oil is the in-situ operations, and the Oilsands bar would be the mines

[CompletelyNumb]

Originally posted by woodywoodford


I was just thinking about how much frack hands make the other day. I fully agree that they need to be brought down a notch, 21 years old and $150k in your second year on the job is just stupid. But as soon as Canyon cuts their comp they all run over to Calfrac. Just can't win.

Feel free to spend a season doing any one of these over paid field jobs, and then let us know if you would do it for less.



Originally posted by Type_S1
Rig hands making 6 figures is ridiculous IMO. Unskilled labor making sometimes more then the engineers making the company the money. There are field staff that the business couldn't run without but these are only a few key positions.

Rigs don't run themselves. Believe it or not, your engineers plan is pretty useless without a vast array of field personnel to make it happen.

[woodywoodford]

Originally posted by CompletelyNumb


Feel free to spend a season doing any one of these over paid field jobs, and then let us know if you would do it for less.

I've spent more time in both frac and cement field ops than I have in my office gig, I stand by my statement... I'm not saying they aren't important, I'm saying they're overpaid.

[themack89]

Originally posted by CompletelyNumb
Rigs don't run themselves. Believe it or not, your engineers plan is pretty useless without a vast array of field personnel to make it happen.

The irony of it all is how many times I have seen 'order-taking' field personnel explain to the Geos and Engineers in the office why X, Y, or Z won't work.. And then the office goes with their recommendations :rofl:

[killramos]

Originally posted by ExtraSlow
You guys are funny, perpetuating the cycle of hatred between field and office hands. Simple fact is, they are different skill-sets, and both are crucial for success in the O&G industry. Just because one requires thermal underwear and one requires a degree doesn't make one automatically more valuable than the other. I've met worthless people on both sides of that coin, and all of the worst ones made more than 150k/yr.


Truest statement in this thread. The success of our industry particularly over the past decade encourages and promotes the dog fuckers on every side of the business.

Everyone is sloppy, everyone makes mistakes, and most importantly no one gives a shit time and time again. That's why nothing gets better.

[Sugarphreak]

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[themack89]

Posted another update to the blog gentleman.

Take a look if you want to see a fellow beyonder's failures and successes!

http://naturalfinancial.com

Just a little snippet:



Wild Week, Still Standing

January 13, 2015/Positions Trades /No Comments

Lots happened last week and this week, including a significant drawdown which was recovered by Friday. I made a deposit recently so that will skew how the returns graph looks, but that is neither here nor there. The drawdown was due to an overestimation and underestimation of the volatility in combination with the leverage of a few positions (GF Feeder Cattle and ZC Corn) which I will go into detail later in this post. Despite all the carnage in the energy sector, and the indecisive volatility of the equity indexes, I am fairly happy to be sitting at this level without being totally crushed.

[ercchry]

Originally posted by Sugarphreak
Anybody going to jump on Suncor tomorrow?

MEG went souring something like 30% after announcing their drastic cuts, while I don't expect quite those level of gains, I do however expect it to spike up tomorrow, and even the next day after that

i dunno... that was a month ago, people still had hope then :rofl:

[Feruk]

MEG cut 75% of their program. Suncor is cutting ~15% and prolly less than 10% of staff. Meh.

[CompletelyNumb]

Originally posted by woodywoodford


I've spent more time in both frac and cement field ops than I have in my office gig, I stand by my statement... I'm not saying they aren't important, I'm saying they're overpaid.

Also didn't answer my question. Would YOU do it for less?

[Sugarphreak]

...

[Sugarphreak]

...

[themack89]

Sugar, I am curious, since you seem to be a good day trader. Could you post your last quarter statistics? You don't need to divulge your account capital, etc. Just the stats against benchmarks would be sweet.

[lasimmon]

He probably only talks about his wins like most people.

[CompletelyNumb]

I have a bunch of red numbers in my P and L report right now. Does that count?

[slick2404]

Originally posted by icky2unk
I'm just sitting and watching.

Have capital gains still in TOU so just letting it ride...
TBE no point in selling at 77 cents lol, will increase position if it goes to the 60s
RRX averaged at about 8.25, will increase position if it touches 5.5s
AD up about 25%, may increase position a bit today as it's 0% oil related and got swatted close to 10% today.
WCP i'm pretty flat on so will just ride it out and may increase position if it touches 9.5s
CJ i'm watching pretty closely right now. May initiate a position in the lower 10s
Also looking to reenter my pipelines of which I sold close to their highs.. ALA in the 38-39 range hoping to get in, IPL in the 30-31, VSN in the 15-15.75 range. Would have liked to have gotten back in KEY but blacked out right now.
Also seeing if CPG touches back down to the lower 20s and i'll probably get back in there and I'll touch back into BTE if it hits lower teens (12-13).

Have about 30% of my capital in HOD as I wait things out for the dust to settle with oil. It's just all speculators driving the price down and Saudi doing the same thing it has done for the past 3 months.


Any plans to average down on TBE and WCP? I'm also in LRE just riding it out at this point. :banghead:

[roopi]

Originally posted by lasimmon
He probably only talks about his wins like most people.

Sugarphreak doesn't lose at anything and if he does it isn't spoken of again.

[Feruk]

Originally posted by Sugarphreak
Bought and sold Suncor within two minutes... made 200$ :rofl:
Today's low was $33.80 and the high after the open was ~34.40. If you paid $10 in commission on each side, I calculate you would've risked $12,600 to make $200, or about 1.6%. That's assuming best case scenario. Way too risky for me. Then again if I could do that daily, I'd retire very young.

[civic_rida]

I've been making money on RRX:hitit:

[ercchry]

up 7.8% on CJ so far :bigpimp:

[themack89]

Oh my god...

I dumped all of my Blackberry a few days ago, now Samsung takeover bid.

:banghead:

[ercchry]

Originally posted by themack89
Oh my god...

I dumped all of my Blackberry a few days ago, now Samsung takeover bid.

:banghead:

holy fuck! i dumped mine a while ago too :banghead:

[themack89]

Originally posted by ercchry


holy fuck! i dumped mine a while ago too :banghead:

lol... but I like literally just sold it. I posted it on my blog yesterday

That hurts worse than a losing trade

[icky2unk]

Originally posted by slick2404



Any plans to average down on TBE and WCP? I'm also in LRE just riding it out at this point. :banghead:

I actually bought more WCP at $9.8 but I'm still convinced all these daily rushes up are going to reverse again quickly. I'll for sure increase my position further though.

Still haven't moved much else outside of what I said so still waiting.

Templeton is at 19.77% ownership of TBE, they increased their position by 5% over the course of December and they have a pretty good track record with returns to shareholders so that is always a good sign as well at shorts exiting the stock by 75% from Dec 15-31st. Can't see much downside if not even the shorts want to make money.

I have a fair amount of TBE shares but there really is no point in selling for me anyways. I'll add when it touches the 60's again, wasn't paying much attention today as it has been busy. I don't know much about LRE though.

[CompletelyNumb]

Originally posted by themack89
Oh my god...

I dumped all of my Blackberry a few days ago, now Samsung takeover bid.

:banghead:


Can't even blame you for that.

[lasimmon]

Originally posted by ercchry
up 7.8% on CJ so far :bigpimp:

CJ?

[icky2unk]

Originally posted by lasimmon


CJ?

Cardinal Energy

[BavarianBeast]

Jesus fucking christ lol.

I dabbled in the cannabis market for a little bit while I had some spare time and could make several trades per day.

CANN is up from $1 to over $6 in just a few days. I thought about taking a small risky position around $1, may of worked out well for me.

That stock has been an absolute roller-coaster for investors. I had a friend who made over 1200% on them.

[Sugarphreak]

...

[riander5]

Originally posted by BavarianBeast
Jesus fucking christ lol.

I dabbled in the cannabis market for a little bit while I had some spare time and could make several trades per day.

CANN is up from $1 to over $6 in just a few days. I thought about taking a small risky position around $1, may of worked out well for me.

That stock has been an absolute roller-coaster for investors. I had a friend who made over 1200% on them.

That would have been about as good as rolling the dice. They dropped big time last year... and jumped.... because they won a lawsuit??

Nice for the guys that made big cash but that's just pure luck

[msommers]

I wonder why Cardinal is up. As far as I know, they aren't increasing their volume because they aren't giving us any work :rofl: :(

[icky2unk]

Originally posted by msommers
I wonder why Cardinal is up. As far as I know, they aren't increasing their volume because they aren't giving us any work :rofl: :(

The whole sector decided to run in the pm (incl wti prices).

[ExtraSlow]

Cardinal also had a press release recently which confirmed dividend and discussed hedging and capital spending. It all sounds positive.

[Sugarphreak]

...

[themack89]

Originally posted by Sugarphreak
....and I just made 350$ on the first minute of trading blackberry this morning. In and out in 60 seconds, eat your heart out haters :rofl:

I don't think anyone was legitimately hating on you lol. Just thought you were swinging serious volume.

I'm still curious about your performance though, still down for that PnL % quarterly request? You seemed to ignore me earlier.

[Sugarphreak]

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[BigMass]

Nobody hatin' on Suga' but they be jelly

I say good luck.

[Feruk]

Originally posted by Sugarphreak
I was thinking about holding it longer, but it wasn't taking off like I had hoped so the second it started falling back I just sold.
When I think long term hold, holding over 2 minutes isn't what I have in mind. :rofl: Oh and I'm not hating.


Originally posted by BavarianBeast
CANN is up from $1 to over $6 in just a few days. I thought about taking a small risky position around $1, may of worked out well for me.

That stock has been an absolute roller-coaster for investors. I had a friend who made over 1200% on them.
I totally don't get this company. They make no money, no product, and are trading at nearly 100 million market cap all due to their name.

[ercchry]

Originally posted by ExtraSlow
Cardinal also had a press release recently which confirmed dividend and discussed hedging and capital spending. It all sounds positive.

Yeah they are in great shape, low leverage, low cost, and good hedging

[themack89]

Originally posted by Sugarphreak
What I don't like is the type of anxiety and stress that comes along with it. Truthfully I'd rather be making money doing something I love over watching intently for subtle patterns in a chart while risking my capital on what is essentially a gamble.

If you are doing it in a way that brings about anxiety and stress, you shouldn't really be doing it in my opinion. Especially when you talk about making $250 or $175 in a trade (considering how much you made at your job).

Like, I'm just a kid (literally I've worked maybe 1.5year since leaving University) and closed a trade for $6,000 loss over a few days...didn't lose any sleep over it. I used the evening to figure out what I did wrong, clear my decision making campus, and came back the next day or so to trade just as hard to make it back.

Learn to love it and you will do better IMO

Just wanted to make an announcement: I entered my first trade ever in Brent Crude (BZ) today. :clap: Feels good to be expanding into different markets.

[icky2unk]

Originally posted by themack89


If you are doing it in a way that brings about anxiety and stress, you shouldn't really be doing it in my opinion. Especially when you talk about making $250 or $175 in a trade (considering how much you made at your job).

Like, I'm just a kid (literally I've worked maybe 1.5year since leaving University) and closed a trade for $6,000 loss over a few days...didn't lose any sleep over it. I used the evening to figure out what I did wrong, clear my decision making campus, and came back the next day or so to trade just as hard to make it back.

Learn to love it and you will do better IMO

Just wanted to make an announcement: I entered my first trade ever in Brent Crude (BZ) today. :clap: Feels good to be expanding into different markets.

Similar position. Sitting on 5 digit losses from 5 digit gains but took out the emotion and irrational decisions and those losses have begun shrinking pretty quickly. Plus being an energy side portfolio this is nothing but a learning lesson for when the next "cycle" happens.

[ExtraSlow]

I doubled down on BNK. I guess my average cost is a lot better now, lol.
Have a bid on on CJ, still tracking RMP and RRX.

[icky2unk]

Originally posted by ExtraSlow
I doubled down on BNK. I guess my average cost is a lot better now, lol.
Have a bid on on CJ, still tracking RMP and RRX.

My bid on RRX for their financing yesterday didn't get hit. So sad lol

[Sugarphreak]

...

[ercchry]

Originally posted by Sugarphreak


As far as trivializing a few hundred bucks on a trade, I mostly thought it was interesting that I was able to pull it off in a few minutes so I shared it with the community here. It is a new strategy I've been trying out and I am encouraged by the results so far.

i believe they call that scalping


Originally posted by Sugarphreak

Also, just for the record I want to just take a second and point out that you are making some pretty big assumptions about how much I make (made) at my job. I've never disclosed in on Beyond and nor do I ever intend to... I will however say only that my general impression is that people on here tend to assume I make a lot more than I really do.

being on a similar career path, i have always assumed you made fuck all at your day job :rofl:

[Sugarphreak]

...

[ercchry]

Originally posted by Sugarphreak
Ahh, the secret is it's all about keeping up appearances :thumbsup:

multiple revenue streams... aka working twice the hours a week that a normal person does. but thats why i like this trading thing, can do it while at work!

[GotRice?]

Originally posted by ercchry


multiple revenue streams... aka working twice the hours a week that a normal person does. but thats why i like this trading thing, can do it while at work!

until you start working for free at work ;)

[icky2unk]

Nice day today

[Sugarphreak]

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[themack89]

I think I am bearish.

Everytime everyone here is having a great day my positions are all shit lmao

[icky2unk]

I think today is short covered.

TBE had all it's shorts covered (75% reduced from Dec 15-31) and it's only up marginally today.

Whereas every other stock on my list (BTE/CPG/WCP/VET/CJ/NBZ/SGY/RE/RRX...etc etc) increased short positions quite significantly over Dec 15-31.

All of those are moving 8-10% with the oil news vs 2% on the only stock on my tracker list that doesn't have a huge short position on it right now.

Just my hypothesis

[themack89]

Originally posted by icky2unk
I think today is short covered.

TBE had all it's shorts covered (75% reduced from Dec 15-31) and it's only up marginally today.

Whereas every other stock on my list (BTE/CPG/WCP/VET/CJ/NBZ/SGY/RE/RRX...etc etc) increased short positions quite significantly over Dec 15-31.

All of those are moving 8-10% with the oil news vs 2% on the only stock on my tracker list that doesn't have a huge short position on it right now.

Just my hypothesis

I don't follow those stocks, but sounds like a reasonable hypothesis.

[BigMass]

Janet is not going to let the market drop into a long weekend. Obvious it would be up today.

[Env-Consultant]

Originally posted by themack89


Like, I'm just a kid (literally I've worked maybe 1.5year since leaving University) and closed a trade for $6,000 loss over a few days...didn't lose any sleep over it. I used the evening to figure out what I did wrong, clear my decision making campus, and came back the next day or so to trade just as hard to make it back.

Didn't you say you had 1000 shares of TLM @ $4.50 ("a novel play") just prior to the buyout, meaning you had $45,000 in TLM? Either your employer is paying you $250,000/year, you have zero expenses/live with mom and dad, or it's not true.

That aside, I'm in more heavily in PWT and RRX again. PWT has been averaged down to sub $2.00 and RRX was purchased around $6.20. Had a nice hit on Kinross since gold went up following the Swiss announcement.

[ercchry]

Originally posted by Env-Consultant


Didn't you say you had 1000 shares of TLM @ $4.50 ("a novel play") just prior to the buyout, meaning you had $45,000 in TLM? Either your employer is paying you $250,000/year, you have zero expenses/live with mom and dad, or it's not true.

That aside, I'm in more heavily in PWT and RRX again. PWT has been averaged down to sub $2.00 and RRX was purchased around $6.20. Had a nice hit on Kinross since gold went up following the Swiss announcement.

Thats some good marth :thumbsup:

[themack89]

Originally posted by Env-Consultant


Didn't you say you had 1000 shares of TLM @ $4.50 ("a novel play") just prior to the buyout, meaning you had $45,000 in TLM? Either your employer is paying you $250,000/year, you have zero expenses/live with mom and dad, or it's not true.

That aside, I'm in more heavily in PWT and RRX again. PWT has been averaged down to sub $2.00 and RRX was purchased around $6.20. Had a nice hit on Kinross since gold went up following the Swiss announcement.

That's cash value of all the shares. I have a margin account so I don't need to put up all of it. When I get back to my computer I'll screen shot how much capital I'd need for a $4.50 stock. BTW, it would be $4,500 lol. Not $45,000 (as pointed out by errchry)

As for my income and expenses... About $1300/month for all of my bills and I make between $100k and $150k a year. No I don't live with my parents lol.

As an added note: I have fairly large swings in my account nearly everyday, like today I was down over 20%. But really it's just the nature of the securities I'm trading and the size I am taking, they bounce around. A lot of guys don't have the wiggle room that I do because they have mortgages and families and stuff. I do have full disclosure of what I do on my blog though.

[Env-Consultant]

Originally posted by themack89


That's cash value of all the shares. I have a margin account so I don't need to put up all of it. When I get back to my computer I'll screen shot how much capital I'd need for a $4.50 stock. BTW, it would be $4,500 lol. Not $45,000 (as pointed out by errchry)

As for my income and expenses... About $1300/month for all of my bills and I make between $100k and $150k a year. No I don't live with my parents lol.

As an added note: I have fairly large swings in my account nearly everyday, like today I was down over 20%. But really it's just the nature of the securities I'm trading and the size I am taking, they bounce around. A lot of guys don't have the wiggle room that I do because they have mortgages and families and stuff. I do have full disclosure of what I do on my blog though.


I stand corrected. Was catching up on this thread and ran across the previous comments - I remember reading the TLM messages a while ago and must have had 10,000 in my mind, relating it to $45,000. Reread a pile of this thread today and saw the 1000, but had that total. Definite marth.

[Cos]

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[ExtraSlow]

Just because it's cheap doesn't make it a good deal.

[borN]

Originally posted by ExtraSlow
Just because it's cheap doesn't make it a good deal.

:werd: :thumbsup:

[roopi]

Originally posted by ExtraSlow
Just because it's cheap doesn't make it a good deal.

When I call a stock 'cheap' I consider there to be value. In my eyes its a good deal. (I'm not even sure what you guys were referring to with that comment though) :D

[Cos]

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[BavarianBeast]

Originally posted by BavarianBeast
Averaged down my Canacol to $2..Too bad I didn't sell more of those damned shares when it was up above $8.50 this year...Oh well.

Article from CG..

https://research.canaccordgenuity.com/_layouts/researchnoteviewer.aspx?pubid=114421

$3 today..

Not too late to catch it before they release clarinete results :devil:

[Red@8]

Started small positions of TGL (1k shares) and TBE (5k shares) today.

[EK69]

Originally posted by Red@8
Started small positions of TGL (1k shares) and TBE (5k shares) today.

I thought about gambling with this one too lol but I'm still a noob trying to read and learn about this shit :nut:

[BavarianBeast]

Just picked up a big stack of GTE @ $2.58 after the landslide...

Lol.

See how this plays out.

[themack89]

Finally we are getting some action! 70 cent move in the 6 month contango today.

[NoXcuses]

Ok gents - I'm an investing newbie and need some advice.

I started investing around Nov 2014, including a decent amount of stocks in the O&G industry. Obviously, picked a pretty bad time...I hear this talk about averaging down from many of you. Is this something I should be considering?

For example, I bought $X shares (that makes up roughly 10% of portfolio) in Black Diamond (BDI.TO) for ~$19. Since then, the stock has tumbled to ~$9. Is averaging down a worthwhile strategy in this case (spending the same $X as the first time but now buying at $9)?

I know service companies are taking a huge hit right now, but when you guys average down, is it largely based on whether you feel the company will rebound long-term?

Important point to mention is I'm more of a buy-and-hold, in that I'm willing to hold on to these 1-2-3 years, etc.

I'm not really asking for investment advice, but more as to your experience in averaging down and whether it's a good strategy most of the time. Thanks in advance!

[littledan]

Originally posted by NoXcuses
Ok gents - I'm an investing newbie and need some advice.

I started investing around Nov 2014, including a decent amount of stocks in the O&G industry. Obviously, picked a pretty bad time...I hear this talk about averaging down from many of you. Is this something I should be considering?

For example, I bought $X shares (that makes up roughly 10% of portfolio) in Black Diamond (BDI.TO) for ~$19. Since then, the stock has tumbled to ~$9. Is averaging down a worthwhile strategy in this case (spending the same $X as the first time but now buying at $9)?

I know service companies are taking a huge hit right now, but when you guys average down, is it largely based on whether you feel the company will rebound long-term?

Important point to mention is I'm more of a buy-and-hold, in that I'm willing to hold on to these 1-2-3 years, etc.

I'm not really asking for investment advice, but more as to your experience in averaging down and whether it's a good strategy most of the time. Thanks in advance!

according to this guy..

http://ecx.images-amazon.com/images/I/51RXsBGJhxL._SY344_BO1,204,203,200_.jpg

averaging down is never really a good play and is for noobers. he's not really looking at value investing though and only investing with a technical analysis.
You could average down... and your money could sit dead for years before coming back... or it can go down even more and you just compounded your mistake.

He basically only buys phase 2 stocks and thats how he makes money. not sure how well this works in modern trading when swings are happening so quickly.

so to sum it up, I have no idea whether or not you should average down.

[themack89]

Don't average down. It's typically bad trading practice. I try and avoid it.

[icky2unk]

Originally posted by NoXcuses
Ok gents - I'm an investing newbie and need some advice.

I started investing around Nov 2014, including a decent amount of stocks in the O&G industry. Obviously, picked a pretty bad time...I hear this talk about averaging down from many of you. Is this something I should be considering?

For example, I bought $X shares (that makes up roughly 10% of portfolio) in Black Diamond (BDI.TO) for ~$19. Since then, the stock has tumbled to ~$9. Is averaging down a worthwhile strategy in this case (spending the same $X as the first time but now buying at $9)?

I know service companies are taking a huge hit right now, but when you guys average down, is it largely based on whether you feel the company will rebound long-term?

Important point to mention is I'm more of a buy-and-hold, in that I'm willing to hold on to these 1-2-3 years, etc.

I'm not really asking for investment advice, but more as to your experience in averaging down and whether it's a good strategy most of the time. Thanks in advance!

What's your time horizon and what is the money for. On my oil & gas exposures I take a view on oil and the company and decide whether to average down. The move of the stocks have been 99% correlated to the price of oil so if you view it as a long term improvement from today you can start to average down in bits and pieces over time.

If it is a company that is in a more stable sector then i'd look at the companies strategy.

There is no right or wrong answer to averaging down, it's whether or not you believe in the company/industry.