Official Short-term Investments Thread

[bspot]

Originally posted by SilverRex
i read the current correction in gold is the longest since 1968. of the 39 correction that took place between then and now. it would be a new outlier event if gold continues to make new lows.

so gold will have to defy odds and probability if it wants to head lower from here.

1174 is the 61.8 retrace of the move from a year ago from 1052 to 1370.

Might have to throw a few more chips down if that level is touched.

[BavarianBeast]

Originally posted by BavarianBeast
Sherrit S.TO looking like a great buy! 😜

Anybody get in on this? Up over 70% since I posted.

[riander5]

Originally posted by BavarianBeast


Anybody get in on this? Up over 70% since I posted.

Had a couple of great days recently! I got in after you posted and made 10-15 %. Should have held longer. Thanks for the tip and keep em comin!

[bspot]

Bavarian, you have a buddy who is your Bio source, right? Want to ask if I'm an idiot for my large CEMP position? :rofl:

[riander5]

Noticed BB's favorite stock ARIAD has had quite the run recently.

Whats your fee as a stock advisor BB? haha

[BavarianBeast]

Originally posted by bspot
Bavarian, you have a buddy who is your Bio source, right? Want to ask if I'm an idiot for my large CEMP position? :rofl:

He's hasn't been the best source LOL.

He only really deals with oncology so he might not be able to advise on the CEMP position but I'll pick his brain, looks like an interesting play..

2% flat free my friend! I've been on point with my last 3 calls. BDT, S, ARIA.. Doesn't always happen though :devil:

[bspot]

Originally posted by bspot


1174 is the 61.8 retrace of the move from a year ago from 1052 to 1370.

Might have to throw a few more chips down if that level is touched.

We have arrived. If that holds til tomorrow, time to load the boat.

[SilverRex]

it appears gold has completed 5 waves down the 1171 area which is the 61% correction from the 1046-1375 rally.

so far the bounce off the low is very encouraging giving us a clear mini 5 waves up. now key is to watch for a 3 wave correction either have ended near 1184 or one possible drop below 1184 but no longer than 1179 to begin a new up cycle.

a bottom at 1171 for gold is the best black friday deal the market can give us. also last year it was a similar situation as well as gold struct a bottom in a similar pattern.

http://i.imgur.com/XT6vN6i.png

[bjstare]

I got into K @ 4.25 on Wed, and JNUG @6.65 this morning. If gold would go head and skyrocket now, that'd be great.

[littledan]

still holding my green MMJ stocks... didn't cash out and rebuy during all the volatility so kicking myself for that. Looks like we are in for some sideways consolidation but I am optimistic that the next breakout could be another big one. What's everyone else doing in that space? Holding SL, APH, ACB, and OGI right now.

[SilverRex]

letting go my my small energy play, oil broke 46.50 so I will anticipate the possibility that oil wants to test below 40.

for natgas the recent big drop to the 2.55 area and now rallied strongly back up was too short. this bounce could be a wave B with still one more leg down under 2.55, but be careful because if natgas moves any higher, potentially it could also signal that it is now in a major wave 3 breakout move to much higher prices as well..

gold indeed had dived under 1284 and is currently testing the 61% fib level near 1179. as long as we do not close below this, I will continue to expect the next short term move to the upside (back to 1202-1207)

[taemo]

Originally posted by littledan
still holding my green MMJ stocks... didn't cash out and rebuy during all the volatility so kicking myself for that. Looks like we are in for some sideways consolidation but I am optimistic that the next breakout could be another big one. What's everyone else doing in that space? Holding SL, APH, ACB, and OGI right now.

I sold my ACB and EMH stocks, have APH and GLH left.
Debating on buying some OGI stock next week, we'll see how EMC goes monday first. CGC if it dips below 10$.

[SilverRex]

throwing some beer money into drys for pure speculation.

[Vanish3d]

son of a bitch, these holidays are killing me. I forgot today markets close early and went to a meeting. Now I'm stuck holding a large position of JNUG over the weekend.

[Disoblige]

Originally posted by Vanish3d
Just jumped into DGAZ and JNUG
Let's see what happens tomorrow.

Originally posted by Disoblige

Nothin. Thanksgiving. Friday short day of trading until 1 pm EST.

Originally posted by Vanish3d
shit, forgot US is closed today...

Originally posted by Vanish3d
son of a bitch, these holidays are killing me. I forgot today markets close early and went to a meeting. Now I'm stuck holding a large position of JNUG over the weekend.

You were warned, lol. But I'm just a trade newb so no one listens to me :whipped:

[SilverRex]

Originally posted by Vanish3d
son of a bitch, these holidays are killing me. I forgot today markets close early and went to a meeting. Now I'm stuck holding a large position of JNUG over the weekend.

there is an invert head and shoulder pattern that at a rate of 60% probability as always with these pattern would target gold to move back to the 1210 area, at least retesting the 1202 which is now resistance.

so pray gold gaps up on monday. :thumbsup:

[jasonho28]

Originally posted by riander5


Trading futures

You could just leverage your trades to get the same amount of risk you are getting with these ETFs.

Except you dont have a 16 hour period where you sit on your thumb and hope things go in your direction amongst ever changing conditions

Why is there a 16 hour period you have to sit with a thumb in your butt? Sorry. I've just been following the thread for a while and just figured I'd ask. :nut:

Also, after doing some research on leveraged ETF's as well:

Investor Inexperience If you’re a beginning investor, don’t go anywhere near leveraged ETFs. The end results will almost always be unexpected and devastating losses. Part of the reason for this will be holding on to a leveraged ETF for too long, Read more: Why Leveraged ETFs Are Not a Long-Term Bet | Investopedia http://www.investopedia.com/articles/financial-advisors/082515/why-leveraged-etfs-are-not-longterm-bet.asp#ixzz4R5RpkKY4 Follow us: Investopedia on Facebook

Why could someone not buy JNUG now, with hopes of a long term recovery in Gold? Apologies if I sound naive. Love the thread though.

[bjstare]

Originally posted by jasonho28


Why is there a 16 hour period you have to sit with a thumb in your butt? Sorry. I've just been following the thread for a while and just figured I'd ask. :nut:


I'm guessing he meant because the markets on which you trade ETFs are only open for 8 hrs? (unless I'm missing something).


Originally posted by jasonho28


Also, after doing some research on leveraged ETF's as well:

Why could someone not buy JNUG now, with hopes of a long term recovery in Gold? Apologies if I sound naive. Love the thread though.

This has been discussed many times. Essentially the ETFs are leveraged by using borrowed money to invest. They have to rebalance daily, and the cost of capital/rebalancing causes the ETF share value to deteriorate. (I know this isn't 100% accurate, but it's close. someone can feel free to correct me). These ETFs only represent daily movement accurately, the longer term you look at it, the more skewed it becomes. Look at a 3 year chart of any leveraged ETF and compare it to the same period of a commodity and you'll see what I mean (UWTI or DWTI vs WTI).

Fictional example: Day 1, gold price is 1200, and JNUG is 10.00. [Gold goes up and down for a month]. Day 30 gold price back to 1200, but JNUG will only be 6.00.

[bspot]

More accurately:

To understand what is beta-slippage, imagine a very volatile asset that goes up 25% one day and down 20% the day after. A perfect double leveraged ETF goes up 50% the first day and down 40% the second day. On the close of the second day, the underlying asset is back to its initial price:

(1 + 0.25) x (1 - 0.2) = 1

And the perfect leveraged ETF?

(1 + 0.5) x (1 - 0.4) = 0.9

Nothing has changed for the underlying asset, and 10% of your money has disappeared.

[jasonho28]

Thanks!

I did some more research (probably should've done more before asking), and it matched up with what you've both said.

I'll be watching on the sidelines! Don't have much to contribute as I don't have any investments.

Recent grad, motivated to learn how to manage my own funds.:poosie:

[Vanish3d]

Originally posted by SilverRex


there is an invert head and shoulder pattern that at a rate of 60% probability as always with these pattern would target gold to move back to the 1210 area, at least retesting the 1202 which is now resistance.

so pray gold gaps up on monday. :thumbsup:

so it did exactly that. But I sold it at open for a small profit because I saw it go down.... now kicking myself.

[riander5]

Originally posted by cjblair


I'm guessing he meant because the markets on which you trade ETFs are only open for 8 hrs? (unless I'm missing something).



Yea thats my point exactly. Futures markets are open all day monday - friday

I mean i dont trade futures, may trade a bit of currency coming up here, and Iv traded lots of ETFs, but everyone here LOVES JNUG, and wakes up to massive gains or losses and when you are day trading as many are, why take yourself out of the game for 2/3 of it?

At least in futures you can set a stop loss that wont get blown past after market.

[bjstare]

Originally posted by Vanish3d


so it did exactly that. But I sold it at open for a small profit because I saw it go down.... now kicking myself.

I decided to hang on to mine. Glad I did. I'm hoping the strength in miners is a leading indicator to gold strength, guess we'll see.

[SilverRex]

5min negative divergence, cant help but think if gold needs to head back down to test 1179 one more time.

going to try my luck to see if this is a fake breakout. selling my Jnug position to see if I can buy lower again.

if not, I have plenty of other position to ride this wave. if miners is as bullish then it has a good shot at reaching 23-24 for gdx and 37-38 for gdxj

[Kloubek]

Bought LABD. Sold for a 7.5% profit on the day. Not bad. Would have made more if I stuck it out.

I'm done with stock "tips". Just going to ride the waves from here on in.

Good on you with jnug. I considered it, but didn't move early. Too late now....

[secol]

sounds like the emblem emc ipo might be delayed until december 2

[bjstare]

Glad I unloaded JNUG near close yesterday. Held Kinross, will probably keep it for a while and add on dips.

[Disoblige]

Originally posted by secol
sounds like the emblem emc ipo might be delayed until december 2
December 5th for now :)

[SilverRex]

well i am pretty sure it was pure luck. but bought back Jnug at 6.61 this morning. Still looking for gold to retest 1202-1207 area. will put a metal stop loss if jnug breaks today's low

[SilverRex]

looks like fcx finally completed its sub wave 1 of 3. looking for a good pull back into the 12-13 area to start loading up. GPL/GPR.to is looking good

[SilverRex]

quick chart post on gdxj

as you can see it was indeed a false breakout, with gdxj out performing gdx, and gold down a few dollars gpl and ag are actually in the green. it feels like there is more buying pressure. and so it is hard to believe miners would make a move down now. if anything I am still anticipating a back test of 1202 resistance which will fuel miners (gdxj) back in to the 37 area.

perhaps the final leg down to a lower low could occur on the december fed rate hike. (just like 2015) then gold will resume another 5-6 months upswing. seems the pattern is to hold this sector for 1st half of the year, and unwind in the bottom half.

a bullish count (if the bottom is sealed back on November 14) then gdxj will break above the 200DMA and previous wave (i) to invalidate the possible lower low count at 38.79

this is why I will hold my core holdings. just in case the next multi month bull market resumes.

http://i.imgur.com/WcQogPi.png

[SilverRex]

for those waiting on biotech.

I was waiting for a wave 2 pull back. however biotech already bounced off the 38%, so an extremely bullish scenario, the wave 2 pull back may have been finished. if so, then watch for the next time it breaks the down trendline. the next move will be even a more powerful one.

I was hoping to see it fill some gap and perhaps get back down to the 50 or even the 61% retracement level.

one could open a position here and buy further upon each drop.

also noticed how there are many sectors or chart showing a powerful wave 3 ahead of it? that is because we are about to move into a very inflationary phase. the recent collapse of the bond market will no doubt drive alot of liquidity into all other assets.

a secular or generational market crash will not occur until we hit a parabolic bubble phase.

http://i.imgur.com/Nncsz3X.png

[SilverRex]

for oil, get ready for some wild volatility, pending Opec news, oil price could swing 5 dollars in both direction.

I have no holding in energy due to the technical picture looking weak. but if oil dives towards 40 or even briefly below it I will be a buyer

[SilverRex]

setting a mental stop loss on gdxj under 34.67

[bspot]

Got out of LABD today. Take my gains while they are there. Last time this burned me as bio dropped like a rock the day after my sale, but with some big news events tomorrow, I prefer the sidelines.

Dumped my leveraged miners and oil too. Not big gains on anything, but the trend has no clear direction right now, so I'll take profits and wait.

Still holding ROG.V (Roxgold) which had some good geo results for a nice pop and GPR.



Question for everyone, I'd been using HGU/HGD and HOU/HOD lately, but hate the fact I can only set stop limit orders, but the limit price is equal to the stop price (Virtual Brokers).

They told me this is an exchange thing.

For example, if I buy a US security, like UWTI, and it gaps down below my stop in the morning, it will sell on open for market price.

If I have a stop on HOU, and it gaps below the stop, which is a limit stop, it won't fill as the limit price isn't met.

Bag holding ensues.

With non-shitty brokers are you guys in the same situation?

[troyl]

^ No. if a security gaps down below my lower limit on my stop it will not turn into a mkt sell.

[secol]

OPEC deal done to cut over 1M in supply

[Kloubek]

Look at oil stocks go crazy. Almost 10% up across the board.

I'd sell right now and realize that gain if I wasn't in the long play.

[SilverRex]

i was hoping Opec to turn oil price down because I think oil is headed to 70 dollars regardless of what Opec does. I guess they have just turned the market around?

dont rule out the buy on rumor and sell on news.

as for miners, another false breakout. after a slight bounce this morning, I am setting my stops below today's low.

update. gold testing the previous low at 1170. will it be a double bottom? or 1150-1160 on the horizon?

I thought I placed a stop limit on my Jnug, turns out I actually just sold at 6.75, talk about a mistake not against you.

well I am going to take a shot in the dark and place a bet we have a double bottom in gold, buying back my jnug at 6.50s.

[swak]

Im surprised KMI didn't do better this morning given Trudeau's announcement last night after the markets had closed NYSE.

Going to hold for a couple says see what happens.

[SilverRex]

technically gold achieved a new low today. while so far it appears the double bottom at 1170 is holding. but the new low also suggest gold's final wave 5 of C of II has started.

no telling actually where she will land until it bounces strongly out of it.

so far I have seen projection between 1078-1138.

I believe we are at the stage where any drop from here is a screaming buy imo. so I will only be adding more position as she drives lower.

the sentiment and hate for this sector is at an extreme. so we are not far.

perhaps we do have to wait until the rate hike in 2 weeks before gold has any momentum that is sustainable. buy on rumor and sell on news is currently pushing dollar up and driving gold further down.

I fully expect a repeat of 2015 Dec once the rate hike comes and goes.

[Manhattan]

Everyone's gonna want some gold after this is out.

bhsnpAWWvlQ

[Kloubek]

Originally posted by swak
Im surprised KMI didn't do better this morning given Trudeau's announcement last night after the markets had closed NYSE.

Going to hold for a couple says see what happens.

Actually, I totally agree and noticed the same thing. With other oil stocks being up some 15% due to the OPEC announcement, KMI is maintaining a lackluster 3%? Seems odd.

[bjstare]

Got entirely out of gold and oil right at the opening bell. Happy about the sell on all fronts, except my POU sell. It was still well in the green (avg cost of 14.21) but would have been beneficial to hang on a little longer, but I was scared. often after POU gaps up, it fills the gap later in the day.

[Kloubek]

Originally posted by cjblair
Got entirely out of gold and oil right at the opening bell. Happy about the sell on all fronts, except my POU sell. It was still well in the green (avg cost of 14.21) but would have been beneficial to hang on a little longer, but I was scared. often after POU gaps up, it fills the gap later in the day.

Are you shorting POU, or were you in it for the long haul? It looks like they are one of the rare oil companies that have consistently been rising over the last year and looks like an excellent long opportunity.

Companies like BTE and BNE (which I am in for long) have been pretty stagnant over that time, but I certainly did well so far today.

[degeneratetrader]

what brokers do you guys use? i'm debating steering away from TD. $9.99 commissions + $1.25/contract is adding up...

[taemo]

Originally posted by Kloubek


Actually, I totally agree and noticed the same thing. With other oil stocks being up some 15% due to the OPEC announcement, KMI is maintaining a lackluster 3%? Seems odd.

pre-OPEC announcement, KMI went down only by 2-3% but yeah, I was hoping the Trans Mountain pipeline announcement will boost the stocks a little bit more. perhaps the Americas don't care much about it?
edit, perhaps KMI hasnt announced/decided to go ahead with the build yet.

[bspot]

Originally posted by degeneratetrader
what brokers do you guys use? i'm debating steering away from TD. $9.99 commissions + $1.25/contract is adding up...

I just filled out the forms to have everything transferred from Virtual Brokers to Questrade.

If you want reasons to not use VB, I have about a billion.

There is a promo code (Canada) that will get you $50 in trades on QT right now.

[swak]

Originally posted by taemo


pre-OPEC announcement, KMI went down only by 2-3% but yeah, I was hoping the Trans Mountain pipeline announcement will boost the stocks a little bit more. perhaps the Americas don't care much about it?
edit, perhaps KMI hasnt announced/decided to go ahead with the build yet.

I think it's a good hold until they decide what they're doing tbh then if your edit is the case?
If you have the funds to, throw a few k at it.... it's not gonna go down if anything

[secol]

Originally posted by bspot


I just filled out the forms to have everything transferred from Virtual Brokers to Questrade.

If you want reasons to not use VB, I have about a billion.

There is a promo code (Canada) that will get you $50 in trades on QT right now.
if your portfolio is large enough. it makes more sense to go with a referral code over the $50 in trade

http://www.questrade.com/promotions/refer_a_friend?pid=15-08-00-Qcom-Promotions-link-07-ReferAFriend

[degeneratetrader]

Originally posted by bspot


I just filled out the forms to have everything transferred from Virtual Brokers to Questrade.

If you want reasons to not use VB, I have about a billion.

There is a promo code (Canada) that will get you $50 in trades on QT right now.

Im assuming you applied for the advanced platform? I wouldn't mind trying the advanced platform on a trial session but unfortunately, i don't think they offer that option.

[bspot]

Originally posted by secol

if your portfolio is large enough. it makes more sense to go with a referral code over the $50 in trade

http://www.questrade.com/promotions/refer_a_friend?pid=15-08-00-Qcom-Promotions-link-07-ReferAFriend

Dammit. I should have checked on here before proceeding.



Originally posted by degeneratetrader


Im assuming you applied for the advanced platform? I wouldn't mind trying the advanced platform on a trial session but unfortunately, i don't think they offer that option.

Just the plain Jane for me. I swing trade and don't day trade, and can find most tools/data I need elsewhere for free. I am happy to see they include their desktop platform though, VBs was only available with expensive data plans.

[bjstare]

Originally posted by Kloubek


Are you shorting POU, or were you in it for the long haul? It looks like they are one of the rare oil companies that have consistently been rising over the last year and looks like an excellent long opportunity.

Companies like BTE and BNE (which I am in for long) have been pretty stagnant over that time, but I certainly did well so far today.

POU is a fantastic long play [edit: in my uneducated opinion], and I'll be back in sometime. I've been in and out and in (etc etc) of it since last year.

[bspot]

Originally posted by troyl
^ No. if a security gaps down below my lower limit on my stop it will not turn into a mkt sell.

From Questrade's FAQ:

"Stop orders are not allowed on Canadian exchanges."

That explains the scenario.

I see they have "Float Limit" so you can follow the bid prices down, so I won't get burned as I did with VB. Yay.

[KappaSigma]

Well time to gamble. Im assuming less uncertainty in market as opec deal is done and us elections are over. Plopped down 250k into various oil stocks.

[ercchry]

Ballsy after a day like today.... I'd personally wait till next week... I see prices correcting this week after today and then a jump next Wednesday if this cut actually did something to help the numbers

[secol]

Originally posted by KappaSigma
Well time to gamble. Im assuming less uncertainty in market as opec deal is done and us elections are over. Plopped down 250k into various oil stocks.
there's still some uncertainty until next week. the opec deal is contingent on 600k reduction outside of OPEC. 300k from russia, 300k still has to come from somewhere

[KappaSigma]

At some point got torisk some money. Go big or go home.

[Manhattan]

Typical beyond investing style lol

[KappaSigma]

Originally posted by Manhattan
Typical beyond investing style lol

Not quite. Ive already cashed in close to 100k profit over last 18 months. This is history somewhat reoeating itself like in 2008/09 but back then i didnt have the disposable income i do now.

[secol]

i think it was a good move. i also think all of the o&g will trend up for a bit. oil didn't even break $50 until today

[KO22]

Whats everyone's take on Baytex? Any other companies that anyone recommends?

[secol]

it'd be hard to get in now to be honest. yesterday was still an opportunity since i always thought oil would exceed $50 and it fell short. might have another pop december 9 assuming they get somebody to agree on the remaining 300K cuts from non-opec countries

[KO22]

Yeah I got lucky getting into MEG yesterday, wish I jumped in on BTE as well. May just wait it out till the 9th

[Nova316]

Been holding on these mid 5 BTE and Meg shares forever, glad to see they are doing great now.

[SilverRex]

I'm starting to like biotech at these levels, entering a position here. Will add more if there is another wave lower

[Vanish3d]

Originally posted by SilverRex
I'm starting to like biotech at these levels, entering a position here. Will add more if there is another wave lower

Thought about it, but that big gap keeps staring at me and can't help but think it'll want to fill it before going up

[asp integra]

Im glad I held onto my Meg stocks all this time

[secol]

yeah...was down like 30% on meg not long ago, now up well over 20%. crazy

[KO22]

MEG is going to the moon, wish my weed stocks were doing as good. Anyone in on ACB?

[bspot]

Originally posted by Vanish3d


Thought about it, but that big gap keeps staring at me and can't help but think it'll want to fill it before going up

Same. I can't get over that gap.

Good thing I sold LABD 2 days ago. I'm so awesome at timing LABD spikes will ill timed sales.

[quick_scar]

Originally posted by KO22
MEG is going to the moon, wish my weed stocks were doing as good. Anyone in on ACB?

I am (ACB). Long term play for me.

[quick_scar]

Originally posted by secol
yeah...was down like 30% on meg not long ago, now up well over 20%. crazy

Took my profits. Ill wait it out and see where things settle next week

[Disoblige]

Anyone taking a shot at gold bull miners today? $6.20 seems tempting on JNUG.

[Kloubek]

Have 10g invested in BTE and BNE. Made 18% over the last two days. Still holding due to the price of oil still going up, though both are trickling downwards after an initial 9% rise this morning.

Debating just selling them off - though these stocks were intended as a long play anyway. Not sure what December 9th will hold for oil; makes me a little nervous.

[theken]

I have 800 share s of meg at 5.50. I hadn't checked stocks until about an hour ago, happy with that.

[KO22]

Sold my MEG shares @ 8.08, going to sit on the sidelines till next week.

[degeneratetrader]

MT paid off. up 30% today

[jacky4566]

Originally posted by quick_scar


Took my profits. Ill wait it out and see where things settle next week

Same here. 6 months of sitting paid off!

[Vanish3d]

Pure luck got me in JNUG at 6.35 and just came back from early lunch.... sell or hold

[ercchry]

Originally posted by Vanish3d
Pure luck got me in JNUG at 6.35 and just came back from early lunch.... sell or hold

I hope you're still holding :bigpimp:

This should be wave 1 of A up... or something, my technical knowledge is solely from this thread :rofl:

[Khyron]

Effective Dec 9, 2016 two leveraged oil ETFs, UWTI and DWTI, will no longer trade on any national securities exchange in the U.S. Orders to purchase these securities are currently being accepted but this is subject to change at any time. Please use caution when placing buy orders for UWTI and DWTI.

Govern yourselves accordingly.

[bball2]

Originally posted by Khyron


Govern yourselves accordingly.
So what happens if you're still holding stocks in those ETF's on Dec 9? Are you forced to sell?

[ercchry]

That's crazy, wonder what the reasoning is behind that? Force speculators to invest in actual companies?

[Kloubek]

Originally posted by degeneratetrader
MT paid off. up 30% today

What made you buy mt? Didn't look like that enticing of a stock prior to the spike.

[Vanish3d]

Originally posted by ercchry


I hope you're still holding :bigpimp:

This should be wave 1 of A up... or something, my technical knowledge is solely from this thread :rofl:

nope, got out at 6.9 on the way up then kicked myself, but looks like it dropped... might buy at close

[dandia89]

Originally posted by bball2

So what happens if you're still holding stocks in those ETF's on Dec 9? Are you forced to sell?
pretty sure you just won't be able to sell through this period. Probably trying to reduce dramatic ups/downs like the marijuana stocks

[ercchry]

Originally posted by dandia89

pretty sure you just won't be able to sell through this period. Probably trying to reduce dramatic ups/downs like the marijuana stocks

They decided on this a couple weeks ago... it's not a freeze, they are delisting them indefinitely

http://etfdailynews.com/2016/11/16/two-popular-leveraged-oil-etfs-are-shutting-down-next-month/

[cidley69]

Are HOD/HOU at risk of going away also?

[degeneratetrader]

Originally posted by Kloubek


What made you buy mt? Didn't look like that enticing of a stock prior to the spike.

just seemed undervalued when compared to the other LPs in terms of market caps and revenues

[SilverRex]

Originally posted by Vanish3d
Pure luck got me in JNUG at 6.35 and just came back from early lunch.... sell or hold

well tomorrows payroll would be interesting.

one note though, gold has been in some seriously extreme oversold condition not seen for decades. which means we are in un charted Territory. is this a sign that gold has crashed and no bounce in sight?

maybe, but could it be that we will now witness one of the greatest rises in this secular gold bull market? especially once the rate hike comes and goes. a good possibility

i have read that gdx and gdxj has been on a BoW (buy on weakness) list 3 days in a row.

notice how miners are recovering very well almost daily. the fact that gold continues to make new low yet miner still has not even broken the low on Nov 14 has been wondering...this is a very bullish development imo

i am fully invested in this sector so time to just sit back and do nothing but watch

[littledan]

Originally posted by quick_scar


I am (ACB). Long term play for me.

I'm in ACB long and am going to add to my position if the price touches $2.50 today.

You want some crazy valuation??? check out ICC... $100MM valuation for a company that will have to sell @ $1/gm, has cost of production at 0.60/gm, would need their customers to get fingerprinted by the government, and btw, those same customers can grow their own in a place with a super moderate climate...

[ercchry]

Pretty happy about grabbing those miner contracts yesterday... doubled up so far!

[taemo]

only MJ stock i have is APH and GLH, APH is long term as to me it was the company that made more sense.
GLH was just for fun and even if I lose, didnt put much on it.

Sold ACB and EMH, might possibly pick up OGI too for long term and maybe CGC but I find the later too volatile for my taste, good for day traders but not for me

[degeneratetrader]

Originally posted by taemo
only MJ stock i have is APH and GLH, APH is long term as to me it was the company that made more sense.
GLH was just for fun and even if I lose, didnt put much on it.

Sold ACB and EMH, might possibly pick up OGI too for long term and maybe CGC but I find the later too volatile for my taste, good for day traders but not for me

CGC will probably fall after the acquisition but then it'll climb back up. definitely wait until then if you're looking to pick up some short term.

[Vanish3d]

felt like gambling over the weekend. Picked up LABU / DGAZ / JNUG a few minutes before close.

Let's see gap ups/downs monday:whipped:

[bspot]

CEMP broke out for a 16% day. Considering that almost half my portfolio is CEMP that made for a pretty good day :clap:

Still tons of room to run up. I have to do some serious thinking about my exit strategy as the PDUFA date is approaching.

I'm willing to leave part of my position long for months/years waiting for a buyout, but obviously the longer I hold that much, the more risk I'm exposed to.

Any advice is welcome :D

My current thinking being that antibiotic resistance is becoming one of the critical medical issues of our time, I just can't see any way this doesn't get approved as it has proven efficacy.

[bspot]

Italy sends gold running. The question is, will the move continue? Or sell this pop like Brexit and Trump?

[bspot]

Looks like the pop won't even make it til morning. As you were.

[ercchry]

Usually isn't a ton of volume till North America opens for the week... only time will tell