Official Short-term Investments Thread

[Red@8]

Originally posted by Sugarphreak
My stocks are all up just a touch today.... Amazon, FAP, etc

Of course I am riding an awful loss on FAP... come on dividends!



MEG is such a sketchy stock, haha

I sold it for 14.88 a while back

I sold IMG yesterday at $2.37, no complaints from me.

I'm still in MEG though and taking a thorough beating on TBE.

[NoXcuses]

I've been taking a beating in all my O&G stocks, but especially BDI.TO.

I still have faith in the stock in the long term (way long term...). Can't decide if I should double down or not. Ahh the decisions.

[ickyflex]

Originally posted by NoXcuses
I've been taking a beating in all my O&G stocks, but especially BDI.TO.

I still have faith in the stock in the long term (way long term...). Can't decide if I should double down or not. Ahh the decisions.

I'm thinking about making a position into BDI. Great company long term

[Sugarphreak]

...

[ickyflex]

BTE taking it from 20 men

[GT.....O?]

Originally posted by Sugarphreak
MEG stock is totally collapsing today, ouch

TCW is still worse. Can't imagine being a long term employee and seeing a good chunk of your stock/RSUs value literally disappear....

Not that anyone in oil is happy, but TCW down 80% since the beginning of the year.

[codetrap]

.

[Redlined_8000]

MEG is at $10.62 holy crap that is low...

[Canmorite]

I remember in 2012-2013 while looking back at the 2008-2009 commodity collapse and thinking "Damn, that would have been a great time to buy". I'm thinking another opportunity like this could be here already or coming soon.

http://i61.tinypic.com/xgi5w5.png

[Redlined_8000]

Originally posted by Canmorite
I remember in 2012-2013 while looking back at the 2008-2009 commodity collapse and thinking "Damn, that would have been a great time to buy". I'm thinking another opportunity like this could be here already or coming soon.



Im fully invested at this point..... Now we play the waiting game.

[ickyflex]

Originally posted by Redlined_8000


Im fully invested at this point..... Now we play the waiting game.

I've got a bunch of cash i've been holding tight, probably going to slowly average down my positions

[roopi]

Originally posted by codetrap
Yeesh.. I'm taking a shit kicking in my Crescent Point Energy too.. even with the maintained dividend...

They cut their dividend so I'm not sure what you are saying. Or does 'maintained dividend' mean something else?

[ickyflex]

Originally posted by roopi


They cut their dividend so I'm not sure what you are saying. Or does 'maintained dividend' mean something else?

I read that as paying a dividend still in general but i could be wrong haha.

What would you guys dip into these days?

I swapped my TBE for BTE. The chances of TBE 5 folding back to 1.5 is probably a hell of a lot less likely than BTE 5 folding back to 35.

[Khyron]

Originally posted by Redlined_8000


Im fully invested at this point..... Now we play the waiting game.

Same - felt like I missed the boat last time, so I got in last month. Still down 30%, but trying to wait for perfect bottom is impossible.

[Redlined_8000]

Originally posted by Khyron


Same - felt like I missed the boat last time, so I got in last month. Still down 30%, but trying to wait for perfect bottom is impossible.

Ya I put my last couple bucks today at noon and im pretty much done.... Unless it goes below $8 or something il just wait it out!

[Feruk]

Originally posted by ickyflex
I read that as paying a dividend still in general but i could be wrong haha.
They are paying a dividend, but they cut it down in amount. A "cut" of the dividend is a reduction, not an overall "suspension."

[ickyflex]

Originally posted by Feruk

They are paying a dividend, but they cut it down in amount. A "cut" of the dividend is a reduction, not an overall "suspension."

Oh yeah i know 23 to 10 cents. Was more so referring that I thought OP knew they cut down but are still maintaining a dividend (as in paying one).

[codetrap]

.

[riander5]

I luckily was out of oil stocks when oil was at 60 - Only down 5% overall in my tfsa now (thanks amazon and netflix!)

Do I get back in o&g??

The question is where to find a reliable oil tracking stock or etf that experiences minimal decay. Hmm

[ickyflex]

Oil up and markets still got burned

[Sugarphreak]

...

[roopi]

Originally posted by codetrap
Roopi, I meant still paying a dividend.

:thumbsup:

[avishal26]

Originally posted by Khyron


Same - felt like I missed the boat last time, so I got in last month. Still down 30%, but trying to wait for perfect bottom is impossible.

word. I'm down 35% overall but have been averaging down over the last month. Let's hope the bottom is near if not here already.

[ickyflex]

BTE just getting kicked to the curb.. cut cap spending and dividend completely

[ickyflex]

WCP under 10 now too... omg what to buy so many options fuckkk

[Khyron]

Bought a bit of BTE just for kicks, got in on Encana finally, and more Pengrowth. We shall see in a few months.

[ickyflex]

I dipped into BTE today as well from all my TBE sales last week. Touched WCP today as well and dipped a bit more into CPG

[eatrice]

You got to be a brave man to be buying on a day like today.

[Canmorite]

Originally posted by eatrice
You got to be a brave man to be buying on a day like today.

No kidding. :eek:

[sabad66]

Let alone buying o&g... I don't know why anyone would take that kind of risk these days.

I know you guys want a big reward but honestly I think a better move is to catch it on its way up vs buying now during very uncertain times. Iran hasn't even released their supplies yet and it's already at $40... Good luck

[ickyflex]

Originally posted by eatrice
You got to be a brave man to be buying on a day like today.

Never gonna pick the bottom but i would like to think it is getting pretty close

[ickyflex]

Originally posted by sabad66
Let alone buying o&g... I don't know why anyone would take that kind of risk these days.

I know you guys want a big reward but honestly I think a better move is to catch it on its way up vs buying now during very uncertain times. Iran hasn't even released their supplies yet and it's already at $40... Good luck

Oil shorts are at 176 million barrels a day vs 56 million back in June.

Also these are levels seen past the 08 crash.

I have no doubts oil will have a 3 handle soon enough but i'd rather buy when the street is bloody. You will find a million arguments going for either direction on crude but at the end of the day very few people are making money at $40 oil and that can only be sustained for so long before you get a draw down on production. As quickly as oil went to 40 it can go back to 80 the question is when. I'm not flipping it next week i'm holding it for 4-5 years. if i missed 10-20 percent more on the downside so be it, but i'd rather be in than be out. I'm not fully in either i'm just making some positions.

[max_boost]

Anyone going inverse the market today?

HXD or HSD? The market is going to keep dropping here? haha

[roopi]

Picked up a couple energy plays today as well. Might not be the bottom but I'm comfortable starting positions in some companies for the long term (wrong thread then I guess).

[ickyflex]

Originally posted by roopi
Picked up a couple energy plays today as well. Might not be the bottom but I'm comfortable starting positions in some companies for the long term (wrong thread then I guess).

Which plays did you dig into?

There is just way too many that look appealing.

I'm currently holding
KEY (work exposure)
ALA (Dumping to swap to WCP)
RRX
CJ
BTE
CPG
TOU

Also hold these non Energy Plays:
AQN
AD

[Khyron]

Originally posted by sabad66
Let alone buying o&g... I don't know why anyone would take that kind of risk these days.

I know you guys want a big reward but honestly I think a better move is to catch it on its way up vs buying now during very uncertain times. Iran hasn't even released their supplies yet and it's already at $40... Good luck

https://dl.dropboxusercontent.com/u/64402414/encana.jpg

I would argue today is a very good day to get in on companies that were too expensive before. Sure, might drop a bit more in the next few weeks but anyone who thinks Encana is going to be 8 bucks a year from now would be the risky one.

[themack89]

Originally posted by Khyron


https://dl.dropboxusercontent.com/u/64402414/encana.jpg

I would argue today is a very good day to get in on companies that were too expensive before. Sure, might drop a bit more in the next few weeks but anyone who thinks Encana is going to be 8 bucks a year from now would be the risky one.

Reference a natural gas company... I see what u did there. lol

[Khyron]

Originally posted by themack89


Reference a natural gas company... I see what u did there. lol

https://dl.dropboxusercontent.com/u/64402414/baytex.jpg

lol you're right - my only one. Here's Baytex which I bought as well.

[sabad66]

What point are you trying to make by showing a 5 year chart? Previous price does not have any bearing on the future. Oil was 100+ the last 5 years so of course these companies were a lot higher. Now it's $40 and by 80% consensus, not expected to get back to even 70s for at least 1.5-2 years. These companies will continue to bleed cash and will either go belly up/bought out

Anyways that's just my opinion. I work for a big producer so I am hoping that it recovers as much as everyone else. I'm out of the markets right now (sold everything for my house DP) so I can look at it from the outside and be realistic instead of having emotions interfere

[ickyflex]

Originally posted by sabad66
What point are you trying to make by showing a 5 year chart? Previous price does not have any bearing on the future. Oil was 100+ the last 5 years so of course these companies were a lot higher. Now it's $40 and by 80% consensus, not expected to get back to even 70s for at least 1.5-2 years. These companies will continue to bleed cash and will either go belly up/bought out

Anyways that's just my opinion. I work for a big producer so I am hoping that it recovers as much as everyone else. I'm out of the markets right now (sold everything for my house DP) so I can look at it from the outside and be realistic instead of having emotions interfere

Consensus really means nothing at the end of the day. How much consensus was there on an oil crash lol...

At the end of the day it's a cycle and as I've said picking a bottom is never easy but sometimes you just make the decision where you are comfortable with. The fundamentals suck etc etc there is no doubt about that.

There will be always be two sides to this.

Nonetheless get ready for a shitty day in the markets globally

[riander5]

Originally posted by riander5
I luckily was out of oil stocks when oil was at 60 - Only down 5% overall in my tfsa now (thanks amazon and netflix!)

Do I get back in o&g??

The question is where to find a reliable oil tracking stock or etf that experiences minimal decay. Hmm

Someone answer me ya bastards!

[riander5]

Originally posted by riander5
YANG??

:cry: Why dont i listen to my own god damn advice

[ickyflex]

Damn West LRT being broken... couldn't get into the office to make my trades lol

[roopi]

Originally posted by ickyflex


Which plays did you dig into?



COS and PD. Thinking TCK and ECA today.

[Sugarphreak]

...

[mazdavirgin]

Originally posted by Sugarphreak
What a blood bath out there today

Even my Amazon shares are getting killed :(

Volatility index is up 36% at the moment. It's clearly market panic so no one will be spared...

[BavarianBeast]

Does anybody remember in 08 when the markets were like this for 3 days, then the DOW lost like 900 points on the 4th day?

:drama:

[birdman86]

Trican's up haha

[Cos]

.

[roopi]

Originally posted by BavarianBeast
Does anybody remember in 08 when the markets were like this for 3 days, then the DOW lost like 900 points on the 4th day?

:drama:

It was a great time to buy some financials in the US. :thumbsup:

[mazdavirgin]

:nut: We should be in for a rough week since the markets in China are limited to "only" dropping 10% per day before trading is halted on specific stocks. So I figure given the panic and lack of government intervention that everyone in China was expecting there is going to be a few weeks worth of panic selling at this rate. Will be interesting to see if they freeze their markets once more.

So glad none of my global ETF's hold positions in the Chinese markets.

[max_boost]

What a cray day. The balls you need to play this market.

:nut:

[SilverRex]

reminds me of playing Bank of America at $1.50 when I gamble with 5k shares. it had like a 5 dollar swing within minutes of market open.

I even told my self had I have the funds to play further I would have loaded up on a safer play with APPL at 82 dollars then (this is before the 7 to 1 split or maybe even more I cant recall how many times they split)

As Warren Buffett puts it "“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

I may pickup some ishare China ETF if china drops another 15-20% as a short term play.

Oil is (IMO) chasing a classic decade long double bottom in the 30s. take it for what is worth but I believe once this double bottom is in, oil will be beginning to set it self up for the 200+ run. Alberta's better days are ahead.

;)

[mazdavirgin]

Originally posted by SilverRex
I may pickup some ishare China ETF if china drops another 15-20% as a short term play.

It's going to drop more for sure since their market is limited to only dropping 10% a day before trading is halted on individual securities. So I'm not too sure why you would try to buy in after only another 15-20% drop seeing as with the amount of government control going on over there it's nigh impossible to properly value their markets.

[SilverRex]

Originally posted by mazdavirgin


It's going to drop more for sure since their market is limited to only dropping 10% a day before trading is halted on individual securities. So I'm not too sure why you would try to buy in after only another 15-20% drop seeing as with the amount of government control going on over there it's nigh impossible to properly value their markets.

well 15-20% will start to get my attention is really what it means. after all if you look at the SSE composite index the range for the last 15+ years is between 1000 and 6000 roughly. so if it dives towards 2500.00 it starts to become attractive. (I am also basing an uptrend-line that currently supports in around the 2250-2500 area.

This isnt some penny stock that can crash straight to zero value. I highly doubt it will break below 2000 just because the world will always be greedy and all the big players (probably all from the chinese gov' themselves) will load right up.

:D

[ickyflex]

Selloff round two happening right now haha.

WCP at 9 bucks so tempting

[mazdavirgin]

:nut: Up 3% on opening. Let's see how wild of a ride today will end up being.

[Sugarphreak]

...

[BavarianBeast]

DIS

[ickyflex]

well looks like the afternoon has fallen off hah

[Sugarphreak]

...

[ickyflex]

Originally posted by Sugarphreak


I expected that... I waited for my stocks to peak today and sold every last one of them off.

My guess is things are going to get a hell of a lot worse over the next 2 months or so


Cue my fanclub:


:D

i suspect a similar outcome even over the next few weeks. I expect "higher" than usual inventories tmr again and then another crash in oil.

Want to build more positions just gonna let the dust settle a bit more

[Sugarphreak]

...

[JustinL]

Don't beat yourself up. Nobody can predict the future accurately. Having said that, I think Shanghai is still overvalued by about 15%. I'm not convinced the blood letting is over yet. I crystallized some profits prematurely, but I think it's a good time to have a bit of a cash war chest at the ready.

[ickyflex]

Surprised on MEG. Everything else been coming up but we'll see what happens rest of week!

[Redlined_8000]

Originally posted by Sugarphreak
BAH!!!! Amazon shot up +7% today, are you fucking kidding me :banghead:

god I hate the stock market sometimes


Also... 9$ MEG stock today

Why did you sell everything?

You sold MEG at a major loss and your Amazon by the sounds of it... You need patience for this stuff. :dunno:

Im not touching my MEG till its back up to like $30 range lol.

[BavarianBeast]

What I've gathered is most people in this thread have no patience.

Not sure why they aren't trading options.

[Sugarphreak]

...

[roopi]

Anyone who bought earlier this week should be happy with this morning. :thumbsup:

[bjstare]

I definitely didn't sell anything this week. The only reason I didn't buy more is because I don't have that much extra capital to dump into my portfolio right now.

+1 on ppl need more patience haha

[riander5]

Oil or US stocks both apply to what you said haha^

Got lucky with timing and made 1700 bucks on some nike calls and 1000 on disney calls yesterday

:)

[Khyron]

Originally posted by roopi
Anyone who bought earlier this week should be happy with this morning. :thumbsup:

Encana 10%, Baytex 7% up - still a crap ton of red for me though.

[JustinL]

Originally posted by cjblair
I definitely didn't sell anything this week. The only reason I didn't buy more is because I don't have that much extra capital to dump into my portfolio right now.

+1 on ppl need more patience haha

I bailed out of facebook on Tuesday at around 86$. I guess in hindsight it would have been better to leave it, but I also felt like I needed to have some cash on hand ready in case there was another drop.

[ickyflex]

what a day lol

[Cos]

.

[ickyflex]

Crude just ripping it today haha
42.16 +3.56 +9.22%

[bjstare]

Might be a good time to buy some TCK.B put options

[roopi]

Sold COS/TCK from earlier in the week today. Will re-buy within the next week.

[Cos]

.

[ickyflex]

Now is this a real rally or not hmmmph lol

[riander5]

Based on the huge rise and no reported production cuts im saying no. But if I miss another run up from 40-60 dollars ill be pissed

Ill leave this here for people who are naysayers like me right now

http://seekingalpha.com/news/2750386-today-s-big-move-in-oil-little-more-than-short-covering-observers-say

[bjstare]

I don't think it's a real rally. No way is it going to come back this fast and stay up.

[ickyflex]

not many people thought it was going to crash and burn so quickly either lol.

Nonetheless all it takes is 1 person in opec to snap and things can get ugly for them fast.

[bjstare]

Originally posted by ickyflex
not many people thought it was going to crash and burn so quickly either lol.

Nonetheless all it takes is 1 person in opec to snap and things can get ugly for them fast.

I guess what I'm referring to is the fact that it usually takes a lot longer for oil price to recover than it does for it to deteriorate if you look at past crashes/corrections....but who knows. Anything could happen really. For the sake of my job, I certainly am hoping for a quick recovery. haha

[Matty_10]

Welp picked up 20K shares of TBE let's see how long this rally lasts.

[ickyflex]

Originally posted by cjblair


I guess what I'm referring to is the fact that it usually takes a lot longer for oil price to recover than it does for it to deteriorate if you look at past crashes/corrections....but who knows. Anything could happen really. For the sake of my job, I certainly am hoping for a quick recovery. haha

That's fair lol. I gather it is some short covering but who knows how far shorts can push it down again. Maybe it's just a correction to a sustainable 45 lol.

[SilverRex]

technically I am guessing oil has to hit a double bottom around the last low around 33 bucks. although it does not really have to dip below 33 to qualify a classic abc bottom. I still feel oil as more downside pressure especially with an all important bloodmoon and shemitah cycle ending on September 13th, 2015. All eyes are watching to see if something significant will happen there.

I have been reading rumors/conspiracies that say China will reveal they are holding mass amount of gold/silver in epic proportion the world has ever seen in order to calm the people of China from it's latest stock market turmoil. In an effort to take center stage to become the world reserve currency. Gold/silver will then explode and the ratio will change from 1 to 80 to 1 to 8.

I am actually watching gold/silver mining stocks very closely. Silver just touched off 14.00 which is both a 78% fab retrace and support uptrend.

[Nova316]

Silver moving $100 or gold falling to $117 to correct the ratio?

[SilverRex]

Originally posted by Nova316
Silver moving $100 or gold falling to $117 to correct the ratio?

silver catching up to gold but keep in mind, silver has always been known to be more volatile but the gains are substantial when it moves

[ickyflex]

Originally posted by Matty_10
Welp picked up 20K shares of TBE let's see how long this rally lasts.

haha i dumped 50k of TBE last week for BTE lol. Got myself a nice healthy chunky capital loss to hold lol

[BavarianBeast]

ARIA MOTHER FUCKERS!!!

I JUST HIT THE FUCKIN LOTTERY!!

[Cos]

.

[BavarianBeast]

Haha, sorry.. Was just very excited :D

Nice to see some serious light through all this doom and gloom.

[ickyflex]

Haha don't jinx it!

[jefferson2]

AXPW rocketing up this morning - kudos to all who rode it - this is one helluva manipulated stock

[bspot]

Originally posted by BavarianBeast
ARIA MOTHER FUCKERS!!!

I JUST HIT THE FUCKIN LOTTERY!!

I missed it.

I god damn missed it.

New baby and I wasn't able to watch my stuff.

[asp integra]

Originally posted by jefferson2
AXPW rocketing up this morning - kudos to all who rode it - this is one helluva manipulated stock

What is going on there? $350/share just over a year ago and then down to $1/share?

[JustinL]

Originally posted by asp integra


What is going on there? $350/share just over a year ago and then down to $1/share?

6.9 Million market cap, EPS -$62, -4500% net profit margin... Not a stock I'm interested in.

[Cos]

.

[ickyflex]

Makes my losses look minimal now lol