Official Short-term Investments Thread

[bjstare]

I decided to dump XBI at 252. Not as good as it would have been yesterday, but still represents a great gain for me. I think I'm going to put my money either into FHLC or IHF. Haven't decided which yet, but leaning towards IHF.

[phreezee]

Any good Chinese stocks you guys are looking at now?

[riander5]

YANG??

[bjstare]

I am fully staying away from the Chinese market. Obviously there was lots of money to be made there over the last year, but I don't know nearly enough about it to make informed decisions.:dunno:

[phreezee]

^^ sort of how I feel. Been watching BABA since IPO and it feels like now might be the right time.

[bjstare]

So, who bought what when things hit the shitter yesterday?

I thought about buying XBI again, but didn't get an order in and missed out on the $241 price. I think it's gonna dip down again though, it's got a pretty high premium on it right now so I don't think it's gonna stay at the $250 mark.

I did buy CTSH this morning though. I've been watching them for a while, and I think the shares are going to do well. I plan on holding at least until the next quarterly announcement in Aug; possibly longer.

[BavarianBeast]

Originally posted by cjblair
So, who bought what when things hit the shitter yesterday?

I thought about buying XBI again, but didn't get an order in and missed out on the $241 price. I think it's gonna dip down again though, it's got a pretty high premium on it right now so I don't think it's gonna stay at the $250 mark.

I did buy CTSH this morning though. I've been watching them for a while, and I think the shares are going to do well. I plan on holding at least until the next quarterly announcement in Aug; possibly longer.

I bought some more DRT yesterday and also helped my girlfriend invest her savings. She got lucky, and we bought all of her stocks within an hour of closing. She is already up a decent chunk from taking advantage of the hit yesterday.

[bjstare]

Originally posted by BavarianBeast


I bought some more DRT yesterday and also helped my girlfriend invest her savings. She got lucky, and we bought all of her stocks within an hour of closing. She is already up a decent chunk from taking advantage of the hit yesterday.

I thought about doubling down (again) on dirtt, but just couldn't bring myself to do it. I've already got enough money with them and i'm still not 100% confident that they're gonna do super well this year. I have my reservations about the impact the energy industry will have on their bottom line, and my investment reflects that.

[bjstare]

So, is everyone buying lots? Or sitting on the sidelines waiting to see how the next few weeks shake out?

[Khyron]

So many big oil players in the toilet but no rush to buy since it's not going to improve overnight.

No idea what to buy right now.

[BavarianBeast]

Can somebody help me out with this knot? :rofl:

Friday should be very interesting.

[BavarianBeast]

Can somebody help me out with this knot? :rofl:

Friday should be very interesting.

[riander5]

Originally posted by riander5
YANG??

[themack89]

I got back in XBI today. I want to keep my exposure to the USD, might as well be long on my favorite industry while I do it.

It is my only holding, and I feel it will be my only holding for a while.

[bjstare]

Originally posted by themack89
I got back in XBI today. I want to keep my exposure to the USD, might as well be long on my favorite industry while I do it.

It is my only holding, and I feel it will be my only holding for a while.

I almost bought back in yesterday, but decided to wait it out a bit with my current holdings. I still don't like how much of a premium is on XBI right now.

[themack89]

What a good day... Sold half position at the open, rebought at 245 and re-sold @ 246.50

Gonna wait until open tomorrow to see where I can rebuild other half of position.

Also made 1500 bucks scalping crude today out of boredom! :clap: Can't get addicted though cause I need to focus on school :(

[Sugarphreak]

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[Khyron]

Originally posted by Sugarphreak
Thoughts on MEG? They are down to 17.50 today, I am thinking about buying in

Why MEG vs any of the other hitters? They are all a bargain - Cenovus, Paramount, Encana etc. Just wouldn't expect a return for months.

[Redlined_8000]

Originally posted by Sugarphreak
Thoughts on MEG? They are down to 17.50 today, I am thinking about buying in

Not a bad idea... I think they could go lower however.

[themack89]

I'm playing CPG for a bounce on the US side.

[BavarianBeast]

BNE :dunno:

[bjstare]

Originally posted by themack89
What a good day... Sold half position at the open, rebought at 245 and re-sold @ 246.50

Gonna wait until open tomorrow to see where I can rebuild other half of position.

Also made 1500 bucks scalping crude today out of boredom! :clap: Can't get addicted though cause I need to focus on school :(

Did you hang onto any XBI by any chance? It's on the run again. I'm just watching this one from the sidelines though, my money's in a tech company until at least Q2 results time. :dunno:

[GT.....O?]

Originally posted by cjblair


Did you hang onto any XBI by any chance? It's on the run again. I'm just watching this one from the sidelines though, my money's in a tech company until at least Q2 results time. :dunno:

LABU has been doing pretty good in the last couple days too... My first green stock in a while ... :clap: :clap:

[themack89]

Originally posted by cjblair


Did you hang onto any XBI by any chance? It's on the run again. I'm just watching this one from the sidelines though, my money's in a tech company until at least Q2 results time. :dunno:

Yeah.. But I've also been trading in and out of core position by shorting LABU at same time. So I'm net long just not as much as I'd like to be.

[themack89]

Piece of shit crescent point lol.

[jefferson2]

Scott Saxburg (CEO) and Greg Turnbull (BOD) recently picked up 3100 ($78k) and 29,000 ($0.75M) shares, respectively.

You might want to transition Crescent Point from your short term to your long term play. :)

The shelf offering was not received well by the market, nor was Iran (about to) sign an agreement, but long term netbacks look good - even at $60 WTI.

I picked up quite a few $20 calls today, looking forward to Q2 earnings on Aug 13.

[jefferson2]

Just an FYI - that's a $71,000 loss at today's closing price. That's got to hurt - even if he makes $300k a year.

[themack89]

Originally posted by jefferson2
You might want to transition Crescent Point from your short term to your long term play. :)

No thanks lol, I need the capital turn around. I avoided about 50+ cents of downside today on it, re bought at end of day. If nothing nice happens tomorrow I'll be out. The buying power is more useful to me in other places.

[Sugarphreak]

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[themack89]

Originally posted by riander5
YANG??

Well, seeing as how the Chinese government will throw the kitchen sink to stop a plummet (like it has), I picked up 10 grand worth of puts on it.

Probably my riskiest trade ever. Or maybe just courageous. We'll see.

[bjstare]

^That is ballsy.

[Sugarphreak]

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[riander5]

Originally posted by themack89


Well, seeing as how the Chinese government will throw the kitchen sink to stop a plummet (like it has), I picked up 10 grand worth of puts on it.

Probably my riskiest trade ever. Or maybe just courageous. We'll see.


If you are betting on a recovery you could just go YINN as well

I missed out on the ~70% gains on YANG after i first posted. Actually lost some money on it. Worst trader ever

[themack89]

Originally posted by riander5



If you are betting on a recovery you could just go YINN as well

I missed out on the ~70% gains on YANG after i first posted. Actually lost some money on it. Worst trader ever

Both YINN and YANG take too much margin because of the recent volatility, which is why I didn't go into shares. No point if lose the margin advantage and can't work any other positions.

I didn't like the options chain on YINN, not much selection, which is why I didn't go for the calls.

At least going long options I can know exactly how much I lose.. Of course, the downside is slippage because of bid/ask spreads and the price decay. We shall see though.

[realazy]

It's funny how they went with Yinn for Bull and Yang for bear. Yin actualyl means dark (the black part of the Yin Yang) and Yang means bright (the white part).

[Red@8]

Originally posted by Sugarphreak
Aberdeen Asia-Pacific (FAP) is sure looking good right now, it slipped under 5$, and that has driven up the yield to over 10%

Pshh - TBE is almost around 20% yield now

[riander5]

Battling back from previous TFSA losses after throwing the whole thing into NFLX yesterday. Up 5k so far today... hold or stop being greedy and sell?

[redrocket]

I'd wait till tomorrow if I was you I could see another positive day for Netflix watch it closely and run if she starts off down tomorrow. It's not my money so I know it's easy to say but for now I think it will keep gaining.

[riander5]

Originally posted by redrocket
I'd wait till tomorrow if I was you I could see another positive day for Netflix watch it closely and run if she starts off down tomorrow. It's not my money so I know it's easy to say but for now I think it will keep gaining.

Similar to my thoughts. So close to having my TFSA back at even... id just like to carry a 10-30% gain on the entire thing and then just let it sit for an oil rebound... if that ever happens at this point though.

Maybe ill just stick to big american companies and forget about oil...

Anyone else feel like they missed the train not hopping on amazon hype the last week when they announced amazon prime day? Easy 10% damn it!

[jefferson2]

5M litres of oil spilled by Nexen - for you oil bears looking to short, now is a good time :)

[bjstare]

Originally posted by riander5
Battling back from previous TFSA losses after throwing the whole thing into NFLX yesterday. Up 5k so far today... hold or stop being greedy and sell?

If that was my money, I'd crystallize profits and then put some money into Amazon, they're reporting earnings next week.

On another note, anyone own Google? I was going to pick some up before the announcement yesterday, but time just slipped by me and the announcement came earlier than I thought :(

[riander5]

Originally posted by cjblair


If that was my money, I'd crystallize profits and then put some money into Amazon, they're reporting earnings next week.

On another note, anyone own Google? I was going to pick some up before the announcement yesterday, but time just slipped by me and the announcement came earlier than I thought :(

Im kicking myself over not being in amazon for the last week and a half.

Simple peter lynch logic - everyone is talking about it or doing it (amazon prime day) - this was also my logic on NFLX - orange is the new black, house of cards etc. EVERYONE seems to watch these shows nowadays + expansion

Seems like morgan stanley thinks they will have a nice pop too.

[you&me]

Originally posted by you&me


I keep a simulator account, primarily for stocks that I don't have the balls to put real money into. After your post, I 'bought' 400,000 shares of AXPW @ .035 ($14k)... That would be worth ~$82k now, after peaking at being worth ~$140k earlier today. :banghead:

Does anyone actually own AXPW?

Shares hit $6.30 earlier this week, currently sitting at $2.25

Thanks to this run, the annualized return in my previously mentioned simulator ( :banghead: ) account is sitting at 1,756,000% :nut:

[Sugarphreak]

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[JustinL]

Amazon report is July 23rd.

It's been a good week thanks to Google, netflix and facebook and in spite of all my oil stocks.

[bjstare]

Originally posted by JustinL
Amazon report is July 23rd.

It's been a good week thanks to Google, netflix and facebook and in spite of all my oil stocks.

I'm kicking myself for not buying google when I thought about it 2 months ago. And also not that happy about not buying netflix when I thought about it a couple weeks back.

Thank god I have had some Facebook for a little while to make me feel better haha.

I figure as long as the rest of my portfolio can outpace the losses in my energy holdings, I'm happy. And so far, it has been, keeping fingers crossed :nut:

[JustinL]

The US stocks also take a bit of the exchange rate sting from buying car parts from 'murica this week.

[themack89]

No more trading for me! Fully committed to long China now.

Wish me luck boys :guns:

[codetrap]

.

[jefferson2]

Questrade has terrible customer service. ETF's are free to buy.

Scotia is all around very good with respect to service, but pricier. Scotia has some ETF's that are free.

You get what you pay for.

[Sugarphreak]

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[jacky4566]

Originally posted by Sugarphreak
I use Questrade myself, they have been good for me. Cheap to use, although painful to move cash in and out of.

they are offering a free apple watch right now if you open an account with them

Beyond Ballers only*
100,000k minimum deposit for the free watch. :rofl:

[Sugarphreak]

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[bjstare]

I use td direct. 9.99 per trade, instant to move money in and out of since I bank with them.

[Sugarphreak]

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[bjstare]

Originally posted by Sugarphreak


Yeah fuck it... I am picking up a bunch of Amazon stock

What day is the earnings report out?

Congrats if you actually followed through on this.

I sold a couple holdings with small gains on Monday so I could dump some money in to Amazon :D

[riander5]

Picked up 50 amazon stocks at 130 pm today. Booya

Also had 30k of NFLX... ended up 10% up.

Had CMG tuesday afternoon and sold for AAPL... that was my one mistake.

Oh well earnings reports were good to me this time... luckily

[Redlined_8000]

Picked up some MEG at $14.82 Lets see how it goes in the next few months.

[JustinL]

Originally posted by riander5
Picked up 50 amazon stocks at 130 pm today. Booya


I made a similar move yesterday. Lucky indeed for this round of earnings.

[birdman86]

Originally posted by jefferson2
Questrade has terrible customer service.

Agreed, I dealt with them a bunch and every time felt like they were useless/completely retarded. It took I think 5 conversations and an escalation before someone was finally able to give me a 'disposal of ceased trading assets' form (or whatever it was called).

But the actual buying/selling/depositing/withdrawing was fine, just don't let yourself get caught in any funny situations. Execution felt slow but have no evidence that was the case.

[Sugarphreak]

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[bjstare]

Originally posted by Sugarphreak
I did the same thing you did, lol. I made a few hundred bucks and then dumped it before the earnings report comes out.

Kind of kicking myself, but what can you do. I hate holding them as they announce earnings reports, been burned too many times doing that.

I know the tech sector is booming, but I feel nervous putting cash into it right now.

I picked some up today, seems like a good play.

I keep thinking they are going to get bought out

I think you misunderstood my comment. I held amzn through earnings haha. I'm also anxiously awaiting a couple other tech sector earnings reports (FB and CTSH).

[Sugarphreak]

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[Sugarphreak]

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[Meback]

Boy am i glad i sold teck and goldcorp at the end of last year. I thought i was taking a heavy hit then. Several thousand. A years worth of wages. If i d held until now i d probably curl up and cry. Phewww. But right now i have ecana and cameco and thats painful too.

[bjstare]

Originally posted by Sugarphreak
And.... there goes my shirt

Yikes, MEG down nearly 8% on the day so far.

I thought about doubling down on my energy holdings, but I just can't bring myself to do it right now. Who knows how long it will take to recover. :(

[ickyflex]

I'm thinking of swapping my TBE to BTE. I'd bet more on BTE getting back to the 33 range than tbw getting back to a 1.20.

I'm also sitting sidelined right now as I want to let the market bleed out first, there is literally not a single support line for oil and it needs to tumble anyways. My biggest concern is how long oil is going to stay in this 40-50 range for go forward as that is the tale that will be important. I'm still bullish in a 1-2 year pop back to the 70's but who knows!

[bjstare]

Does anyone know of a Canadian ETF that mimics LABU? I want to trade and not worry about currency fluctuation in addition to the ETF price haha.

[Sugarphreak]

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[riander5]

Originally posted by Sugarphreak
MEG Energy CEO, Bill McCaffrey, made this statement the other day:



They are producing at 8-10$ per barrel... that seems insanely low :rofl:

Producing at a lifting cost of 6-8 per barrel? Did you mis read? Thats great news haha

[ExtraSlow]

That's not full-cycle costs, that's just Operating costs, and sounds only a little lower than I would have expected. Good for them, controlling costs is a vital part of a well run business.

[Redlined_8000]

Managed to get some more MEG before the markets close got at $13.56. I have good hopes for this one.

[Darkane]

MEG is also at 2:1 SOR, so I mean come on, how can you not make money. Their reservoirs are excellent.

Some of the more Mature plants are doing 4-5 SOR.

[BavarianBeast]

I got in the MEG party this morning at 13.77. Hopefully you guys are right! lol.

[bjstare]

I think Energy in general is going to go down before it goes up.

Also, has anyone watched TET the last couple days? It's been going crazy. I put my eggs in a couple other Riddell/Rose baskets a couple months back (POU, TOU), and thinking of switching them over to TET if/when things drop again. This is more a long term investment thread topic than short though, the way WTI prices are going haha

Lastly, PER. I'm thinking of gambling a bit with this. My dad got in on the IPO, and despite share price going down since then, the business case looks great. :dunno:

[you&me]

Originally posted by cjblair
I think Energy in general is going to go down before it goes up.

Also, has anyone watched TET the last couple days? It's been going crazy. I put my eggs in a couple other Riddell/Rose baskets a couple months back (POU, TOU), and thinking of switching them over to TET if/when things drop again. This is more a long term investment thread topic than short though, the way WTI prices are going haha

Lastly, PER. I'm thinking of gambling a bit with this. My dad got in on the IPO, and despite share price going down since then, the business case looks great. :dunno:

TET is up about 8% since your post; I'd say that qualifies for short term

[birdman86]

Originally posted by cjblair
I think Energy in general is going to go down before it goes up.


I have to agree. Between Iran, the Chinese downturn, the growth in alternative energy tech, and the fact that supply simply hasn't scaled back as much as it should we're gonna be in this for quite a while longer.

Too many companies can make money at $50 oil, so until they start going bankrupt nothing will change. Once I see that signal I'll start buying back in.

[riander5]

Made a small profit on UWTI after 830 EIA report. Federal report out at 12 our time. May wait to see how markets react and try to catch a ride.

Also - anyone considering FB earnings? Last two havent done so well for them...

[bjstare]

Originally posted by riander5
Made a small profit on UWTI after 830 EIA report. Federal report out at 12 our time. May wait to see how markets react and try to catch a ride.

Also - anyone considering FB earnings? Last two havent done so well for them...

I'm up 20% on FB over the last couple months. I sold to dabble with LABU a bit, and bought FB back when it dipped yesterday - I'll be holding them through earnings.

RE: Your statement on the last two FB announcements - A wise man once told me last quarter's performance is a reliable indicator of last quarter's performance.

[Sugarphreak]

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[phreezee]

Originally posted by Sugarphreak


I've been on the train a while, my average is around 14.10 though

You're both winning, MEG up 8% today!

[troyl]

Snapped up a few FRC today. CFW had a good day on results, maybe canyon can follow suit.

[bjstare]

FB reports figures that beat analysts forecasts on all front, yet stock prices drop in after hours trading. Classic. :rofl:

[avishal26]

Originally posted by Sugarphreak


I've been on the train a while, my average is around 14.10 though

Lol this is not my short term investment so it doesn't count, but my average is $19.8 lol, averaging down tmrw hopefully if my buy order goes through.

[Infiniti11]

anyone still holding onto PTA?

http://web.tmxmoney.com/article.php?newsid=77083137&qm_symbol=PTA

[realazy]

Originally posted by Infiniti11
anyone still holding onto PTA?

http://web.tmxmoney.com/article.php?newsid=77083137&qm_symbol=PTA

dang!

it's a 1 for 10 consolidation. I don't see how that's good?

[Infiniti11]

woops my bad.....you're right.....

[Sugarphreak]

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[bjstare]

Originally posted by Sugarphreak
I am boarding the amazon train today.... them getting Top Gear suddenly means that I need to start paying attention to the fact they have TV services.

Besides, they seem like they are due for a stock split now

Bout time!

Haha jk. But seriously, if they dip again in the next week or two I'll probably pick up some more. I would expect they'll split within the next 6-12 months. My AMZN discussion belongs in the long term investments thread for sure. haha

edit: and on that note, DIRT announcement is this coming Tuesday. Here's hoping they weren't hurt too badly by the downturn!

[ickyflex]

Anyone buying O&G these days? Or sitting tight?

[cosmok]

Originally posted by ickyflex
Anyone buying O&G these days? Or sitting tight?

I've been buying sto.asx when it dips below $7 with pretty good success.

[riander5]

Anyone know somewhere to find reports or updated lists on top after hours or pre market movers?? Lots of lists in Yahoo recapping the day's events and even intraday movers but having a hard time finding after hours and pre market

[bjstare]

Well, sold my CTSH this morning for a nice little 8% gain over when I bought again a couple days ago.

Still waiting patiently for DIRTT to come up. Seems like they posted good numbers, but share price still dropped a ton on opening today. Maybe someone who knows more about low volume/ low cap holdings like this one can explain to me WTF is going on?

[Sugarphreak]

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[oogaboogie]

Not sure why its dropping with a not too shabby quarter result... I'll keep buying into the weakness I guess.

If you read a bit into the report, it looks like they have jobs lined up all the way into 2016 plus they're hiring/marketing very aggressively.

Q2 is also when they have the DIRTT Connext which is training for their staff as well as hosting tours and media relations presentations. They spent almost double what they did last year (increase in staff as well as attendance by clients). This marketing/training should benefit DIRTT into the rest of the year.

"The improvement in revenue over Q2 2014 was largely supported by strong growth from our core business focused on small and medium enterprise, with only a minimal contribution from larger projects," said Scott Jenkins, President of DIRTT. "In recent quarters we have seen a greater impact from bigger contracts as they become a more regular piece of our business but, while they typically introduce upside volatility, their contribution can vary from quarter to quarter and we have seen work on current projects shift to late 2015 and into 2016."
Read more at http://www.stockhouse.com/news/press-releases/2015/08/04/dirtt-announces-results-for-q2-2015-and-appointment-of-new-director#ved3LSGFDyVRJqMw.99

[bjstare]

Yeah I had generally the same feelings as you guys. Goddamn retail investors throwing the market off haha.

I read the report early this AM and that quote that you posted is the only reason I can think of that has any basis for the drop in share price - deferred revenue.

Guess we'll see what the next few months have in store. Chalk this one up to a long term investment for me haha.

[Red@8]

Havent posted from a while ago. Picked up some
MEG @ $13.60
TBE @ 0.65
IMG @ $2.05

All for short term purchases.

[Vanish3d]

New 52wk low for MEG !

[troyl]

TCW $1.87 :banghead:

Q2 after the buzzer today, hope they can pull something outta their hat.

[Sugarphreak]

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