Official Short-term Investments Thread

[djayz]

Originally posted by Schwa
I bought 4000 shares of URA today. Fuckin sold out of SPX on Friday and today it spikes 25%.

There seems to be good things related to Uranium, stemming from the demand created by India and China.

I sold SPX for a 30% loss last year and now its going crazy again. :thumbsdow

[Schwa]

Yeah I held on that stock for 10 months, and sold one day too early :nut:

[Canmorite]

T.CDU @ 2.40. Up a lot today, probably will pull back.

[Schwa]

I noticed that a ton of Uranium stocks did explode today. Is there any downside to investing in Uranium, lets say until 2008?

[benyl]

I am still holding 40K of SPX... That fucker better hit $0.40 by the end of the week. I have been holding for 15 months now... hahhaa

[Rav4Guy]

Originally posted by Schwa
I noticed that a ton of Uranium stocks did explode today. Is there any downside to investing in Uranium, lets say until 2008?

There are ALWAYS downsides to investing period. Look at Uranium, where is the supply and demand? which companies are actually producing versus probable reserves? what is the use for Uranium?

[wtb]

i got a tip on this board about GBDX.PK
global diamond exchange, i went in at .003 now its .012
went up 140% today, THANKS BEYOND

[broken_legs]

So I bought into that huge volume spike on BWR (TSX) on Friday when I saw that Sprott was buying hundreds of thousands of shares. I was pleased to see that it continued to climb on big volume again today. I'm up about 9% in two trading days so I'm pretty happy. Anybody else in this one?

[fiveabi]

wtb make sure you odn't get 2 greedy with gbdx, she is ill tempered, it will gap to .014-0.016 range, and take a dip as soon as 200dma is reached. it will goto 0.01, and stay there for a week or so it is to go back up.

[benyl]

gdbx is all hype.

I have 120K shares... I am going to dump at $0.013

Guys on HSM are playing a pump and dump game. They change the thread title and people start buying. Be very careful. Take your profit and run.

[bigbadboss101]

Yeah I read HSM too but have to be careful not to jump into the hype game.

[BerserkerCatSplat]

GORO had a good 20% jump today! Woot woot! :D

[bigbadboss101]

Lot of reds today, what's up?

[sputnik]

Blame China!

http://globeinvestor.com/servlet/story/RTGAM.20070227.wchinastx0227/GIStory/

[Canmorite]

This pullback was due. TSX at all time highs, very overbought.

[liquid1010]

Not just overbought, but also just plain panic selling due to Asia.

[Rav4Guy]

now everyone is in a panic mode and selling.. *sigh*

[Si_FlyGuy]

sweet!

[89coupe]

Originally posted by Rav4Guy
now everyone is in a panic mode and selling.. *sigh*

I just keep buying :bigpimp:

[Canmorite]

Originally posted by Rav4Guy
now everyone is in a panic mode and selling.. *sigh*

Don't forget the shorts!

[fiveabi]

fuck i woke up late and 4got 2 put a sell on gbdx.

[wtb]

god wont let me sell today ..dammmit
im using cibc investors edge and the phone l ines have been jammed forever, and it wont let me make an online trade for gbdx

[max_boost]

Welllll I'm out of NPE. Bought in at $2.10 and sold at $2.50. Good enough for me. Thanks Rav4guy!:thumbsup: haha

[Rav4Guy]

^ np
Have I mentioned this one yet?

ZAO
http://www.zaio.com/

[max_boost]

^^^

Is that your best pick at the moment? ;)

[Rav4Guy]

It's definitely something I'd buy more of. I can't release all my golden nuggets to the public. :D

edit: possibly at 2.25-2.30

[djayz]

Wow major ownage today on the markets...wonder how many stop losses were hit

[cookbob]

anyone still holding onto rsg?

[89coupe]

Who else thinks this looks like the verge of a recession?:eek:

[Toma]

Originally posted by 89coupe
Who else thinks this looks like the verge of a recession?:eek:
400 points... unbelievable.

What exactly happened in China that was so brutal?

[Canmorite]

Today was an unbelievable day for the shorts. GOOG puts are...in the money.

[89coupe]

Originally posted by Toma

400 points... unbelievable.

What exactly happened in China that was so brutal?

The TSX was hit just as bad.

TSX COMP 13,040.11 -364.35
TSX VENT 3,109.97 -164.67

[Canmorite]

Originally posted by 89coupe
Who else thinks this looks like the verge of a recession?:eek:

A reccesion maybe, but most likely a pullback. Look what happens when we reach all time highs, then we get a big down day like this. History has a tendency to repeat itself.


http://img262.imageshack.us/img262/6294/xiutorm1.gif

[89coupe]

Originally posted by Canmorite


A reccesion maybe, but most likely a pullback. Look what happens when we reach all time highs, then we get a big down day like this. History has a tendency to repeat itself.


http://img262.imageshack.us/img262/6294/xiutorm1.gif

LOL, thats more then a pull back. The market nearly collapsed.

[Canmorite]

It hasn't collapsed yet. If you take a look at 3 year + chart the trend is still up. Until that is broken, this is a pullback.

[89coupe]

Originally posted by Canmorite
It hasn't collapsed yet. If you take a look at 3 year + chart the trend is still up. Until that is broken, this is a pullback.

I didn't say it collapsed, I said it almost did.

Did you not look at the one day chart I posted for the Dow?

It fell almost 500 points instantly, when that happens it can cause a collapse in the market.

It wasn't a gradual drop it was like jumping off a cliff.:rofl:

[Rav4Guy]

plus with the massive volumn on the TSX lately, we're due (historically) for a pull back of 10-20%.

[Canmorite]

Originally posted by 89coupe


I didn't say it collapsed, I said it almost did.

Did you not look at the one day chart I posted for the Dow?

It fell almost 500 points instantly, when that happens it can cause a collapse in the market.

It wasn't a gradual drop it was like jumping off a cliff.:rofl:

Haha I know I know. I was watching the futures all day. It was overdue IMO.

When the masses start to sell (and mechanical systems) it can cause large fluctuations, then the oversold guys come in and scrape it off the bottom.

I think we are heading lower, yes, but another 500 point drop tommorrow is unlikely. 500 in the next coming weeks? More likely.

http://img250.imageshack.us/img250/9532/ymh7jp9.png

[maximus5502]

A while ago I posted to watch a company called OHS Capital on TSX-Venture symbol: OCC.P

check out the run!!!!

[Canmorite]

Puts on BLUD

Mar '07 30.00 QMQOF.

EDIT: Long QID and DOG. (Proshares Ultrashort, inverse of QQQQ and DIA times 2)

[Toma]

I still dont get it. I can understand Shanghai falling 9% sounds bad.... but it gaines 130% in 2006....

Why this hit the global markets so hard is a little confusing....

[Canmorite]

Originally posted by Toma
I still dont get it. I can understand Shanghai falling 9% sounds bad.... but it gaines 130% in 2006....

Why this hit the global markets so hard is a little confusing....

Well for Canada it involves the relationship China and our Resources. Since resources are a HUGE part of that relationship, and since demand is supposedly going to trail off in China, our markets take a correction because we are heavily weighted in the performance of commodities.

That's my stab at fundamental investing :rofl:

[Toma]

Originally posted by Canmorite


Well for Canada it involves the relationship between us and China. Resources are a HUGE part of that relationship, and since demand is supposedly going to trail off, our markets take a correction.

That's my stab at fundamental investing :rofl:
Oh, I know that China is big enough to impact the world....

the numbers just dont add up... I mean if any stock, fund, commodity etc gained 130% in a year, then pulled back 9%.... :dunno: wooptie doo.

What this signals to me is that people are jittery to the extreme. Why? I bet they are leveraged to death, took equity loans on houses on terrible advice from advisors etc... bit off more they can chew, so they are not able to ride the bumps, thus panicking and contributing to the sell off...:dunno:

My stab lol....

[Canmorite]

I'd have to agree Toma. People getting margin calls on their accounts, people taking gains, then that pushed everything lower and more people panic selling. It's like a snowball...

Gold was down 23.10 today.

The bond markets were up a lot, too.

US 2yr Note: +4.59%
US 5yr Note: +4.47
US 10yr Note: +4.51%

CA 2 yr Note: +3.85%
CA 5Yr Note: +3.91%
CA 10Yr Note: +3.98%

[Canmorite]

Also, take a look at the Chinese ETF that trades on NYSE.

http://img339.imageshack.us/img339/1766/fxiyl3.gif

[benyl]

Originally posted by fiveabi
fuck i woke up late and 4got 2 put a sell on gbdx.

Set mine at $0.014 and got out with a nice $600 profit. Going to wait until it is sub-half penny and throw the dice again.

[Xtrema]

Originally posted by Toma

Oh, I know that China is big enough to impact the world....

the numbers just dont add up... I mean if any stock, fund, commodity etc gained 130% in a year, then pulled back 9%.... :dunno: wooptie doo.

What this signals to me is that people are jittery to the extreme. Why? I bet they are leveraged to death, took equity loans on houses on terrible advice from advisors etc... bit off more they can chew, so they are not able to ride the bumps, thus panicking and contributing to the sell off...:dunno:

My stab lol....

Profit taking. Whenever a peak is reach, people cash out. The word is China is trying to cool the market. So adjustment

Stock market is running as much on emotion as financial facts. A company can still make $4B on profit and price still drop because they didn't meet analyst's $4.1B estimate.

But good timing for people trying to top up RRSP tomorrow before deadline.

[RX_EVOLV]

so do you guys see this as a sign to take in profit, sit on some cash and let the market stabilize, or a chance to load up?

[Canmorite]

Originally posted by RX_EVOLV
so do you guys see this as a sign to take in profit, sit on some cash and let the market stabilize, or a chance to load up?

A pullback for now, which means take some profit and sit on cash until we stabilize. This may be more of a correction then we think, best to wait until its over before jumping in. IMO!

[Toma]

I'm gonna watch close... if she starts to slip under 12,000, I am gonna sell it all...

If it stablizes even briefly and gold stays the same, I am gonna load up.

[liquid1010]

Days like this are really interesting, and I think we may be in for a multi-day decline.

Obviously this slide was caused by the fall in China, but I think that was just the crack that caused the damn to start to crumble. Looking at the DJIA, it's sitting at all time highs (until today), and the American Dollar is sitting at an extreme low to the Euro. The US trade deficit is brutal, and I think as many have mentioned the market is overbought. With the large decline of the US housing market over the past year, a lot of new money then flowed into the markets. Looking at the DJIA from Aug-06 to Feb-07, that's a serious increase. You put all these together and you end up with today :dunno:

[Toma]

Shanghai has been dancing around yesterdays close for 2 hours now... been up 2.5%, and down 1%... now right there....

Lets see 300 point gain on the Dow tomorrow :thumbsup:

[bigbadboss101]

Let's hope so. Gonna cash some $ in to pay income tax :rolleyes:

[Canmorite]

Originally posted by Toma
I'm gonna watch close... if she starts to slip under 12,000, I am gonna sell it all...

If it stablizes even briefly and gold stays the same, I am gonna load up.

Be careful when loading up in such a delcining/panic market.

[troyl]

NPE 2.69 :)

[bigbadboss101]

Man, my portfolio dropped 10% since Friday afternoon.

[Toma]

Good to see Shanghai close way up (up almost 4%), and the Dow is up 75 points this mornning.

Strange Gold is down to $466....

This smells like heavy market manipulation to me...

[Toma]

Well fuck... couldn't help myself...

Dropped $10g's on Google, Apple, and Cisco call options (mostly cisco).

Then just to cover my ass in case of a big drop, I also overbought puts at far far out of the money ... as insurance.

Heres hoping to tripling my money in the next 2 days.... :thumbsup:

[Rav4Guy]

Originally posted by max_boost
Welllll I'm out of NPE. Bought in at $2.10 and sold at $2.50. Good enough for me. Thanks Rav4guy!:thumbsup: haha

$3.00 now.. :eek:

[maximus5502]

Well....

TSX Venture Symbol: OCC.P is on teh move again.

Still not too late to get in on the upside!!!!

[max_boost]

Originally posted by Rav4Guy


$3.00 now.. :eek: :cry: :cry: :cry:

[Canmorite]

Originally posted by Toma
Well fuck... couldn't help myself...

Dropped $10g's on Google, Apple, and Cisco call options (mostly cisco).

Then just to cover my ass in case of a big drop, I also overbought puts at far far out of the money ... as insurance.

Heres hoping to tripling my money in the next 2 days.... :thumbsup:

I just covered half my GOOG puts today. Strong support at 450.00.


Originally posted by Toma

Strange Gold is down to $466....


What? I have gold at 673 oz...

[Toma]

it was $666 at the time lol... hahahah sorry about that

[liquid1010]

Anyone involved in AUQ

[Rav4Guy]

Question: Who here joined in DJAYZ stock picking game? PM me your names so I can get a list going with everyone's beyond name/trading name.

[Si_FlyGuy]

Wow...most of my stocks are in the shitter...very nice.

[bigbadboss101]

RSG got driven down to $.21 this morning before bouncing back to $.30. Nice.

[troyl]

Poor PTU went into the 1.30's today.

[Canmorite]

Put a buy order in for URA at 0.46, haven't been filled yet. Stop at 0.42ish.

[RX_EVOLV]

apparently going to be news for RSG today or tmr before the PDAC? I bought a little piece just to toss the coin.
Also got myself a little URA, looks a bit oversold.

[Canmorite]

Originally posted by RX_EVOLV
apparently going to be news for RSG today or tmr before the PDAC? I bought a little piece just to toss the coin.
Also got myself a little URA, looks a bit oversold.

URA is right at support, great risk/reward.

http://img520.imageshack.us/img520/786/aruvls7.png

[djayz]

Originally posted by troyl
Poor PTU went into the 1.30's today.

Low volume and no updates/news on the PP is beating the stock down. Ive been holding on since the 2.10 day thinking its going to pop again but no dice. I guess its too risky to sell now because im sure it will go up soon.

Lots of potential profit was lost in time waiting but I guess its a long term hold so the payoff will be better just holding.

[Schwa]

Originally posted by Canmorite


URA is right at support, great risk/reward.

http://img520.imageshack.us/img520/786/aruvls7.png

I agree! I'm lined up to pick up a few shares but I couldn't get in today at 0.48.

Should I make anything of the 50MA crossing back below the 200?

[troyl]

Originally posted by Schwa


I agree! I'm lined up to pick up a few shares but I couldn't get in today at 0.48.

Should I make anything of the 50MA crossing back below the 200?

Bearish signal.

[Schwa]

Which confuses me because it does have support at .49ish. So buy or not? :dunno:

[Canmorite]

Originally posted by Schwa
Which confuses me because it does have support at .49ish. So buy or not? :dunno:

Moving averages are lagging indicators. We could see a cross of the 50 under the 200, which is bearish. Support is at ~0.43, so its a low risk trade.

[Schwa]

Ah I see. How do you see the support being a 0.43?

[Canmorite]

0.43 is just below the previous lows set in the past week(s).

[Gainsbarre]

CEO of PTU was just interviewed on ROBtv :D. It was glorious seeing the real time graphic at the bottom of the screen, watching the volume & price jump as the interview went on.

Too bad the damn thing is muted here at work though...oh well, I'll just check out the segment later on their website.

[troyl]

^^ I was wondering why she jumped today! So far so good :)

[troyl]

PTU

http://www.robtv.com/shows/past_archive.tv

Nice to hear from Frostad, PP closes next week. Lots on the go. I am long!

[djayz]

:clap: Frostad is my hero....if PTU didnt go up today my portfolio would have drastically shrunk again.

I think im going to be picking up some more PTU in the next week.

[Schwa]

TET.UN just hit its 52 week low. Any thoughts on this? From my limited knowledge, this still seems like a good trust fund based on their dividends vs. share price.

I know they are focused a lot on natural gas so it'll be better when NG prices go up...

[Canmorite]

Originally posted by Schwa
TET.UN just hit its 52 week low. Any thoughts on this? From my limited knowledge, this still seems like a good trust fund based on their dividends vs. share price.

I know they are focused a lot on natural gas so it'll be better when NG prices go up...

It will probably head lower before it goes up.

[cookbob]

what would be a good stock to put a little bit of money into right now? i just sold my rsg at 0.32 and now looking to re-invest it

[djayz]

Originally posted by Schwa
TET.UN just hit its 52 week low. Any thoughts on this? From my limited knowledge, this still seems like a good trust fund based on their dividends vs. share price.

I know they are focused a lot on natural gas so it'll be better when NG prices go up...

Ive been holding this since early last year when it was around $22 dollars and it is now my biggest loser. The way things are going with the weather and different sources of energy coming into the light I dont think this trust will see those prices for a long time.
As much as I hate to say this I hope its super hot everywhere this summer so everyone has their A/C on.:D

[Si_FlyGuy]

Not a good day to be checking your tickers.

[bigbadboss101]

Not a good week. Since the Friday previous my portfolio down 15%. Bear with it for a few weeks I guess? Buying opp somewhere along the line.

[liquid1010]

Good time to be in cash right now.....

[djayz]

I missed the selling boat this time. Im down close to 20% in a matter of 4 days :eek:

I really thought things would turn up today especially for moly stocks since Sprott anounced a moly stock that will actually be trading the moly.

Ohh well...its just a correction...same thing happened last time and we hit all time highs again so a week or two and it will be running up again. *knocks on wood*

No way in hell is the bear market here specially not for commodities.

[Canmorite]

Originally posted by Canmorite
Puts on BLUD

Mar '07 30.00 QMQOF.

EDIT: Long QID and DOG. (Proshares Ultrashort, inverse of QQQQ and DIA times 2)

Closed BLUD puts at +1.45.

[liquid1010]

Everything I'm looking at has taken a dive, except what I'm holding.... odd. My only holding taking a dive during this time is EP.UN.

This may provide some good buying opportunities, and I'm going to take a look at: GNY, HMZ.

[Mckenzie]

Originally posted by djayz
I missed the selling boat this time. Im down close to 20% in a matter of 4 days :eek:

I really thought things would turn up today especially for moly stocks since Sprott anounced a moly stock that will actually be trading the moly.

Ohh well...its just a correction...same thing happened last time and we hit all time highs again so a week or two and it will be running up again. *knocks on wood*

No way in hell is the bear market here specially not for commodities.

I got into Roca last week as a good Moly play...I beleive Sprott owns ~20% of the shares. Should be good for multiples as a long term hold when they get the mill fired up.

As for everything else, well lol...I'm glad I sold 75% of my ASX at $2.35 the week before last.

I'm also into one of Doug Casey's gold picks CGT.

All else is looking yuck in my opinion haha.

[liquid1010]

Since the markets are taking a kicking I thought I'd ask this:

How much fundamental research do you guys do? I know most of you trade almost entirely on technicals, but do you do any fundamental research?

Mckenzie, I'm with you on ASX... although it was already on the downslide when I got out at $2.20. Right now it's sitting at a lowly $1.80.

[djayz]

Originally posted by Mckenzie


I got into Roca last week as a good Moly play...I beleive Sprott owns ~20% of the shares. Should be good for multiples as a long term hold when they get the mill fired up.

As for everything else, well lol...I'm glad I sold 75% of my ASX at $2.35 the week before last.

I'm also into one of Doug Casey's gold picks CGT.

All else is looking yuck in my opinion haha.

I put a buy order in for roca today at 1.38 thinking it would go up after the big news....turns out it dipped as low as 1.31 :thumbsdow but its long term so its all good.

[RX_EVOLV]

Originally posted by liquid1010
Since the markets are taking a kicking I thought I'd ask this:

How much fundamental research do you guys do? I know most of you trade almost entirely on technicals, but do you do any fundamental research?

Mckenzie, I'm with you on ASX... although it was already on the downslide when I got out at $2.20. Right now it's sitting at a lowly $1.80.

I sold half my position at $2.50.., but unfortunately reloaded a little @ $2.10..... $1.80 seems awfully temping...

[liquid1010]

Originally posted by RX_EVOLV


I sold half my position at $2.50.., but unfortunately reloaded a little @ $2.10..... $1.80 seems awfully temping...

I agree with you, but I'm hesitant right now with the market sliding the way it is. I'm also somewhat confused with the assays that they are pulling up. No Uranium yet, but traces of Gold and Silver.

[RX_EVOLV]

hmm all the Asian index are up so far! tomorrow should be a nice rebound day for TSX. Might be a good day to cash out if you think the correction is not over.

[liquid1010]

Originally posted by RX_EVOLV
hmm all the Asian index are up so far! tomorrow should be a nice rebound day for TSX. Might be a good day to cash out if you think the correction is not over.

I'm regretting not getting back into ASX last night, quite the bounce today. Up 15% already this morning....

[Canmorite]

Originally posted by liquid1010
Since the markets are taking a kicking I thought I'd ask this:

How much fundamental research do you guys do? I know most of you trade almost entirely on technicals, but do you do any fundamental research?

Mckenzie, I'm with you on ASX... although it was already on the downslide when I got out at $2.20. Right now it's sitting at a lowly $1.80.

For fundamentals I watch ROBTV. You have to know what the crowd is thinking and then act accordingly.