Official Short-term Investments Thread

[max_boost]

Oh snap, what to do?

BWR is at $2.30
NSM is at $1.24

Take the profit and run? I need a Canmorite chart! haha

[Rav4Guy]

BWR.... keep it for a bit longer. Good support levels at 2.10-2.15.

MLY IPO was at $5.00. Over-subscribed units which include 1 share + 1/2 warrant

[broken_legs]

Today make me happy


My two biggest holding now are:
TEL - Up 5% today so far
ADA - Just slowly looking better and better, may be another AUN


I sold out of BWR again.

Losing on BDO, i have an uncanny skill when it comes to buying right at the very top... haha

Also been holding onto TLG for ever.... Bought in way last summer. It might be primed for a pop up to 0.30 or so. They are going to release a new resource estimate soon.

Hope everyone else is having a good day

[djayz]

BLE :D

[max_boost]

haha BLE just keeps on going......and going......UP haha

[Canmorite]

Wow BLE is fucking incredible :drool:

[Canmorite]

Originally posted by max_boost
Oh snap, what to do?

BWR is at $2.30
NSM is at $1.24

Take the profit and run? I need a Canmorite chart! haha

BWR looks best, NSM has a lot of resistance. Definitely hold onto BWR for now.

EDIT: Forgot the chart! haha

The only thing that bugs me with BWR is the fact that its hitting the top of it's channel. If we can break above this, we're set :love:

http://img57.imageshack.us/img57/8430/bwrtotc1.png

[max_boost]

Good stuff. BWR looks like a good one.


TEL is on a tear as well. :eek:
Can we see over $1 tomorrow?

I sold 3500 shares of TEL in my gf's portfolio, she was satisfied with the small profit. I still have 5000 shares of TEL.

[bigbadboss101]

I am gonna hold onto BWR and see. BLE I sold about a month ago at $10~ :-(

[Canmorite]

Buy list tommorrow:

V.MAJ
T.NIO (Most likely)
T.BNC
V.ASM
V.DJE

[troyl]

Check out PAN this week Canmorite. Could make it to .40 (your resistance point :) )

[Canmorite]

Yea it definitely is heading that way. Too late for an entry here though. I would wait for a pullback (if there is one).

It could even head higher then 0.40.

[Si_FlyGuy]

Originally posted by Canmorite
Buy list tommorrow:

V.MAJ
T.NIO (Most likely)
T.BNC
V.ASM
V.DJE

Show me the best looking chart of the bunch and I'll blindly buy it tomorrow.:rofl:

[Canmorite]

If you going to treat technical analysis like a joke, why do you want me to post a chart?

Buying without consulting a chart is buying blindy.

[Rav4Guy]

^ you know.. lots of people purchase shares on the market without consulting a chart... and they do just great.

how delayed are your level IIs?

[Canmorite]

Originally posted by Rav4Guy
^ you know.. lots of people purchase shares on the market without consulting a chart... and they do just great.

how delayed are your level IIs?

Oh, I know they do. I just prefer to use Technical Analysis as my main tool, opposed to Fundamental Analysis.

They are real-time Level II's.

[broken_legs]

Does anyone here use Williams %R for TA ?

[Rav4Guy]

Keep those charts going! I'm sure lots of people look forward to it on a daily basis (hourly for some people).

Do you mind if I asked you who you trade with again?

[Canmorite]

Originally posted by Rav4Guy
Keep those charts going! I'm sure lots of people look forward to it on a daily basis (hourly for some people).

Do you mind if I asked you who you trade with again?

I use Questrade as my broker, but the charting is so-so. I'm looking at getting a package from Tradestation for charting.

Who do you use?


Originally posted by broken_legs
Does anyone here use Williams %R for TA ?

It's so similar to RSI or CMF, so no.

[Si_FlyGuy]

Originally posted by Canmorite
If you going to treat technical analysis like a joke, why do you want me to post a chart?

Buying without consulting a chart is buying blindy.

Am not! I used to religiously read "Technical Analysis for Stocks and Commodities" magazine back in the day. I like Technicals because they give you an glance, but you do have to do your dd on Fundamentals. Blah...who am I kidding, this is just a part time hobby for me. I'll leave the money making to the pros on here.
:devil:

[liquid1010]

So both LVN and TEL have made me some nice pennies in the past few days!!!

:D :bigpimp:

And just checked GCE .... Making some strides there too!!

:bigpimp: :bigpimp:

Very happy guy today

:clap:

[Rav4Guy]

Originally posted by Canmorite


I use Questrade as my broker, but the charting is so-so. I'm looking at getting a package from Tradestation for charting.

Who do you use?



It's so similar to RSI or CMF, so no.

Ahhh Questrade. I'm actually a broker myself so... myself? :D

I actually went and purchased a membership for stockcharts as I found their charts and indicators pretty easy to use.

[Canmorite]

Originally posted by Si_FlyGuy


Am not! I used to religiously read "Technical Analysis for Stocks and Commodities" magazine back in the day.

I love that bible. I mean book.



Originally posted by Rav4Guy


Ahhh Questrade. I'm actually a broker myself so... myself? :D

I actually went and purchased a membership for stockcharts as I found their charts and indicators pretty easy to use.

Ohhh that's cool! Do you work from home or do you work for a bank, or someone else?

Stockcharts.com is great. John Murphy FTW!

[Rav4Guy]

Originally posted by Canmorite


Ohhh that's cool! Do you work from home or do you work for a bank, or someone else?

Stockcharts.com is great. John Murphy FTW!

I have a copy of that book underneath my pillows...

I work for myself... but at a brokerage firm. :D The largest private brokerage firm in Canada.

How about yourself? still in school or working FT?

[liquid1010]

I started using StockCharts as well, and quite like it. It's simple, and quite versatile.

http://i13.tinypic.com/46y80wk.png

Gotta wonder how soon this will pull-back. My guess is sooner rather than later.

[djayz]

Wow...now I really cant wait for PTU to turn up the heat.

BLE is sky rocketing due to all this moly craze. DML(Denison Mines) just got approval for the Amex and starts trading april 19 and more good news!!!...Uranium futures start trading May 6TH

There might be a sell in may and go away for all the sectors but I believe metals and mining wont stop. I held through it last year and it doesnt even show up on any chart I look at so Im holding onto it this year...might even pick up some more :D

[Canmorite]

Originally posted by djayz
Wow...now I really cant wait for PTU to turn up the heat.

BLE is sky rocketing due to all this moly craze. DML(Denison Mines) just got approval for the Amex and starts trading april 19 and more good news!!!...Uranium futures start trading May 6TH

There might be a sell in may and go away for all the sectors but I believe metals and mining wont stop. I held through it last year and it doesnt even show up on any chart I look at so Im holding onto it this year...might even pick up some more :D

I can't WAIT for the Uranium futures. Are they going to be trading on CME?

[Canmorite]

Originally posted by Rav4Guy


I have a copy of that book underneath my pillows...

I work for myself... but at a brokerage firm. :D The largest private brokerage firm in Canada.

How about yourself? still in school or working FT?

That's awesome! I work part-time but I'm a full-time student, majoring in Finance.

I'd like to become a broker, but I find the way I do things isn't what they are looking for.

[troyl]

Good day for CLL today. $4.38 +0.16. Can it break and hold short term resistance at around the 4.40 level?

[Canmorite]

Originally posted by troyl
Good day for CLL today. $4.38 +0.16. Can it break and hold short term resistance at around the 4.40 level?

I think so. Trending upwards for a while and it made a good base for a few months. Needs to break and hold above 4.50, too.

[Rav4Guy]

Originally posted by Canmorite


That's awesome! I work part-time but I'm a full-time student, majoring in Finance.

I'd like to become a broker, but I find the way I do things isn't what they are looking for.

The way you do things? what do you mean?

today's market = sideways.

[Canmorite]

Originally posted by Rav4Guy


The way you do things? what do you mean?

today's market = sideways.

I mean the way I pick/trade stocks. I've talked to a couple brokers in the industry and it's mostly fundamental analysis. Which is fine, I just haven't learned that side of it.

Today's market has been kinda flat. Go where the volatility is, though. TELK on NASDAQ, for exmple. Traded that one for a bit this morning but now it's dead...

[Rav4Guy]

^ brokers aren't required to trade a certain way... but it all depends on who you work for. You can pick stocks any way you want.

NYMEX is looking at launching Uranium Futures Contract... but I haven't heard anything on the date.

[liquid1010]

Originally posted by Canmorite


That's awesome! I work part-time but I'm a full-time student, majoring in Finance.

I'd like to become a broker, but I find the way I do things isn't what they are looking for.

I'm in the same boat as you, but didn't do my Degree in Finance; which I regret. Now I'm working full-time doing non-finance work, and going to school in the evening.

Right now I'm working on L1 of my CFA to hopefully get my foot in the door. The fundamental side of things is really interesting, but can be disgustingly complex. I think that's part of the reason I focus so much on the venture, the technicals can be more finicky, but doing any sort of fundamental research is simpler.

[Canmorite]

Originally posted by Rav4Guy
^ brokers aren't required to trade a certain way... but it all depends on who you work for. You can pick stocks any way you want.

NYMEX is looking at launching Uranium Futures Contract... but I haven't heard anything on the date.

Ah. Well that I didn't know. I think it would be easier to sell a client on a certain company using financial statements, sector performance, etc etc vs. 'consulting' a chart. You'd need large and steady track record to do that.



Originally posted by liquid1010


I'm in the same boat as you, but didn't do my Degree in Finance; which I regret. Now I'm working full-time doing non-finance work, and going to school in the evening.

Right now I'm working on L1 of my CFA to hopefully get my foot in the door. The fundamental side of things is really interesting, but can be disgustingly complex. I think that's part of the reason I focus so much on the venture, the technicals can be more finicky, but doing any sort of fundamental research is simpler.

Once I finish school/have 4 years of experience in Finance I want to take my CFA L1 too.

[Si_FlyGuy]

So TCR's halted..dum dum dum....

[djayz]

Originally posted by Si_FlyGuy
So TCR's halted..dum dum dum....

:werd:

Anybody purchase MLY after the ipo?
I just used up my cash again on all the sales today haha...its near impossible to keep cash in my account now adays :nut:

[CaptainReboot]

Does anybody know of good investment books for beginners? I know there are a lot of sources online for it, but I spend all day looking at a computer screen already. With a book, I can at least read it sitting on the couch, watching tv, etc.

I have made some decent money in the past, but that was through tips other people have given me, and taking some chances on speculation.

I'd like to be able to just understand the terminology, charting, etc..

[Rav4Guy]

Originally posted by CaptainReboot
Does anybody know of good investment books for beginners? I know there are a lot of sources online for it, but I spend all day looking at a computer screen already. With a book, I can at least read it sitting on the couch, watching tv, etc.

I have made some decide money in the past, but that was through tips other people have given me, and taking some chances on speculation.

I'd like to be able to just understand the terminology, charting, etc..
1. The Intelligent Investor - basic knowledge with some neat tips to help you manage your credit/debts

2. One Up on Wall Street - value investing. really good book. you get to learn terms like 10 baggers.

3. Mass Psychology - James Dines. great book on market momentum.

[sputnik]

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets - Nassim Taleb

This is a MUST read.

[Si_FlyGuy]

So PTU's shit right now...wonder if I should ditch it for CCE.

[Rav4Guy]

CCE (Commerce Resources). They came by the office awhile ago to give us and update and they were at the mining show in Calgary a couple weeks back. They have excellent assets especially with their Tantalum/Niobium Projects. Huge spike in share prices with a gap up. It will eventually come back down to the .70 range but one could potentially make money in between.

[Si_FlyGuy]

Thanks for the insight Rav4!

[CaptainReboot]

Originally posted by Rav4Guy

1. The Intelligent Investor - basic knowledge with some neat tips to help you manage your credit/debts

2. One Up on Wall Street - value investing. really good book. you get to learn terms like 10 baggers.

3. Mass Psychology - James Dines. great book on market momentum.

Which Intelligent Investor book was it? I see two by the same author, Benjamin Graham

Intelligent Investor and The Intelligent Investor: The Classic Text on Value Investing

both books have great reviews on them.

[Rav4Guy]

The Intelligent Investor by Benjamin Graham - value investing book.

another book is "The Wealth Barber"... that's the one thath as basic knowledge with tips to help you manage your money.

I've got too many books here... but let me find you a good one on technical analysis.

[Rav4Guy]

"Using Technical Analysis"
A Step by Step Guide to Understanding and Applying Stock Market Charting Techniques by Clifford Pistolese.

Most of these books aren't going to cost you a fortune so they'll be very books to start off with.

[HeyAgain]

Originally posted by Rav4Guy
"Using Technical Analysis"
A Step by Step Guide to Understanding and Applying Stock Market Charting Techniques by Clifford Pistolese.

Most of these books aren't going to cost you a fortune so they'll be very books to start off with.

Hey Rav4Guy,

Have you ever read "Successful Stock Market Speculation" by Ted Carter. If so, what is your opinion on his strategy.

The book was mentioned by Lou Schizas on bnn.ca

Thanks

[Rav4Guy]

^ No I haven't... but I have heard its a quick and easy book to read. He uses a "end of day pricing" method... highly recommended book. I checked out if they had it on chapters online but it looks like it's sold out. Let me know where you can get a copy...

[troyl]

Originally posted by Si_FlyGuy
So PTU's shit right now...wonder if I should ditch it for CCE.

Not that I am any expert or anything, but I dont think now is the time to sell. I think a bottom is near, for ex. look at the RSI below 30. IMO time to buy.

[Canmorite]

Wicked books:

"The Wealthy Barber" (Rav4guy mentioned) by David Chilton.
"Technical Analysis of the Financial Markets' by John Murphy
"Reminiscences of a Stock Operator" by Edwin Lefevre (Bio on Jesse Livermore set in the early 1900's, great book).

[Canmorite]

Originally posted by troyl


Not that I am any expert or anything, but I dont think now is the time to sell. I think a bottom is near, for ex. look at the RSI below 30. IMO time to buy.

PTU still has room to go down. Indicators can read over sold for a long time before it starts to bounce. Look for it to find a bottom at around ~1.00.

BWR has been pulling back, and I sold 1/4 of my shares to take some profit. Holding on to the rest, though. Sorry Maxboost, no chart this time.

[Si_FlyGuy]

Thoughts on TCR today?

[max_boost]

I think I'm holding onto BWR for awhile, going to let it ride, whatever happens, happens.

I think I missed the boat on TEL this morning. It hit $1.04 and now is back to around 0.97. Time to a set a limit at......?

TCR and CCE, did I miss the run?

[Mckenzie]

LV

Longview breaking out today...expecting earnings this week.

Everything else pretty sideways, ho-hum, down, etc.

[89coupe]

Just bought a load of this today.

Tiomin Resources Inc (TSX : TIO)

Hoping to catch it on its way up.

[Canmorite]

Originally posted by max_boost

TCR and CCE, did I miss the run?

Those two are long gone. Been playing AMD all morning but its really dying down now.

V.LV looks great if you own it, a little late to jump in though.


Originally posted by Si_FlyGuy
Thoughts on TCR today?

Do you own it? Good volume today but pulling back hard. I'd just wait it out...

[Rav4Guy]

anyone check out AVNR on the US side? +322% today.

[bigbadboss101]

LPX, any info/comments?

[Schwa]

Those medical companies are freakin unstable.

[bigbadboss101]

Lot of talk at the cubicle about CTT and LPX. Risky for sure.

[Schwa]

That vertical wall gap down makes it impossible to sell even when its on the way down. You just wake up one day broke...

[CaptainReboot]

Originally posted by Rav4Guy
The Intelligent Investor by Benjamin Graham - value investing book.

another book is "The Wealth Barber"... that's the one thath as basic knowledge with tips to help you manage your money.

I've got too many books here... but let me find you a good one on technical analysis.

Thanks Rav4Guy, I will pick it up along with The Weathly Barber today! :thumbsup:

[Canmorite]

Yea saw AVNR this morning in the pre-market. Didn't jump on it though :banghead:

[bigbadboss101]

Buddy here is scrapping his pants. Lost $7g on PTU over the last 5 weeks.

[djayz]

Originally posted by bigbadboss101
Buddy here is scrapping his pants. Lost $7g on PTU over the last 5 weeks.

paper loss or did he sell at a 7g loss?

Hah ive been holding ptu since it was in the 20 cent range and im sure glad I have. People get really impatient with this stock trying to look for quick returns but they always jump in at the top and expect more out of it. Look at the companies properties and what they have going on and the 2 JV's with two of the largest companies in the world and think again.

Ive been thinking of selling since around 1.50 and waiting for the bottom but I just cant take that risk because last time i sold the stock shot up and i missed a potential $5500 profit.

PTU still has lots left...if you want to sell then go ahead but make sure you have the cash flow to buy back in when things start to heat up or youll be left behind.

[djayz]

:banghead: Asian markets down huge again today...hopefully it doesnt affect us over here like it did last time or ill be pissed...No cash but lots to buy!

[bigbadboss101]

No buddy hasn't sold yet. Waiting for the next jump but at this point down that much. 0.40 / share.

[Mckenzie]

LV earnings are out....this one should do nicely today :)

.47 EPS....> market expectations

[Rav4Guy]

Originally posted by djayz
:banghead: Asian markets down huge again today...hopefully it doesnt affect us over here like it did last time or ill be pissed...No cash but lots to buy!

It has started.... :whipped:

[broken_legs]

ahhh

they are talking about the carry trade stopping again on fears of asian inflation

its like a repeat of march ?!

[Schwa]

Damn so much red...

89Coupe, coincidentally theres a NR For TIO today...did u know about this. :P

I took a quick look at TIO and jumped in late yesterday though :D

EDIT:

Take a look at EMC. A slight pullback over the last two days, but this stock has been steadily rising. Might be a good time to get in, wish I had some extra cash.

[rc2002]

How many of you guys hold infrastructure funds? I'm looking at getting into some but not sure which ones to get into. Any tips? Thoughts?



I think the asian market dip is a good thing. Might be a good chance to break back into the market. I pulled my money out last week just before the record closes - I've been regretting that for the last week. :banghead:

[Mckenzie]

Defenitely a good day to sit on the sidelines....nothing is up. :(

[RX_EVOLV]

do you guys think it is the beginning of what to come in normally in May, or just a little market fluctuation that probably will find its way back up soon?

I'm trying to decide if I should just start cashing out now and watch

[Shaolin]

I'm watching more closely now.. I may very well sell my holdings that I've made less money on.. and the ones that have gone up alot I'll just increase my position when everyone sells since chances are it won't go down to what I got in at..

[Mckenzie]

I'm thinking more of a blip for now, combined with market selling for tax deadline approaching....could be a smaller rally going into may.

But who knows...markets reaching all time highs probably good for a cool off here.

[Canmorite]

TSX down 113 points right now. Kinda expected, we had 4 up days in a row.

BWR down 0.10 cents, needs to close above 2.10.

Ugh, so much red, $1000+ paper loss and a lot of stops hit.

[Canmorite]

Also, Oil has broken to the downside. Watch your resource stocks and big O&G companies.

http://img186.imageshack.us/img186/9594/clk7xx5.gif

Most likely buying puts on HSE, IMO, XOM, OIC, OIH, etc...

EDIT: Sold V.URA for a $4.00 loss :rolleyes:

[Rav4Guy]

^ no lunch for you today.

[Canmorite]

Bread and water.

[bigbadboss101]

I dumped my PAX and NWI. Significant losses. Holding RSI, BWR and PTU and looking to buy something :-)

[max_boost]

Ahhhh......sold NSM for a small profit, just holding onto 5000 shares of BWR and TEL.

Still have some cash on the side but too scared to buy anything. Was thinking about 89coupe's TIO recommendation.

Canmorite, chart on TIO?

[Nizmo_GTR]

Anyone have an outlook for TIO tomorrow?

[Schwa]

Didn't seem to have much reaction to the NR released this morning.

AFAIK, the stock plummeted because the ownership of their properties in Africa was in question, which has since now been resolved.

Thus, we "should" expect the stock to climb back to it's old share price. Considering this stock already has drill results, you would think it is worth more than PLE.

[Canmorite]

Google reported better then expected earnings, up $11.00 in aftermarket.

T.TIO looks like its going to pullback more especially with the triple digit loss on the TSX today. I'd put a limit order in for 0.155 (The low from yesterday) and put my stop at 0.105.

5 cents risk per share, 1000 shares risk = $50 + Commission.

TIO is a bottom play, so be careful. Lots of resitance at 0.20 and 0.25 so not a lot of short term upwards movement most likely...

If it were me, I wouldn't buy this right now but go for it if you want. 89Coupe has quite the track record :thumbsup:

I'm starting to play more downside stuff right now, and a little bit of hedging. Bought puts on XOM and OIH as oil is breaking down.

http://img161.imageshack.us/img161/9752/ttiopi0.png

I'm trying to watch aftermarket (AMD and GOOG) so i'll post some stuff later or something haha.

[Canmorite]

Wow, GOOG back down to 480.00 from a high of 495.93 about 15 mins prior. AMD posted a huge loss as well, but its not moving...

EDIT: AMD halted, thats why.

Sold AMD for a $5.75 gain :rofl:

[djayz]

TSX not down as much as I expected but some of my stocks got killed today :( 10% paper loss on my portfolio even though one my stocks went up 14% :eek:

[broken_legs]

Hmmmm Looks like that whole China shakeout isnt going to stop the markets afterall

All green on the screen this morning

[Canmorite]

Originally posted by broken_legs
Hmmmm Looks like that whole China shakeout isnt going to stop the markets afterall

All green on the screen this morning

Interesting analysis on this whole China thing...

http://www.stocktiming.com/ChinaWarning-subscribersOnly.htm

EDIT: Damn I suck at spelling and linking.

[liquid1010]

Canmorite, I know I've asked this before. I know the TSX has a Bullish Percent Index ($BPTSE), but do you know if something like this exists for the Venture?

I find the BPI to be a great tool to use....

[Canmorite]

BPI? I've never heard of that before...

What software are you using for charting? Can you show me a chart of the BPI on the TSX? To get a better understanding of what you're talking about...

[liquid1010]

On stockcharts, which is what I usually use, try the symbol: $BPTSE

It's essentially an index that plots the daily trend of stocks on the uptick or downtick for that day. The interesting part is to really see the trend in that index, as a macro level view of market timing. I find it quite useful, but have yet to find a BPI index for the Venture.

Usually the trend is between 50-60 (%), however right now the TSX is sitting around 70%.

If anyone finds a BPI for the venture, let me know.

[Canmorite]

Looks like an oversold/overbought indicator, or a way of measuring bullish/bearishness in the market?

Overly bullish means time to sell, over sold is time to buy?

The symbol for the Venture is $CDNX but I don't know the BP one.

[Canmorite]

Originally posted by Canmorite
Also, Oil has broken to the downside. Watch your resource stocks and big O&G companies.

http://img186.imageshack.us/img186/9594/clk7xx5.gif



Well that didn't work. Oops.

[Schwa]

EMC up 9% today :O

[Canmorite]

SBUX with a stop at 30.90. If you can't afford the stock look at options, thats what I'm doing.

NFLD, squeeze play. Risky, not a lot of shares.

ALAN, huge move up on volume. Looks like T.BLE a few months ago. Stop at 2.50, but will move up if it looks decent. This is a 'longer' term play which is weird coming from me haha.

Anyway, breaking to new highs on good volume. Just gonna wait for today's close and see how it shapes out.

http://img112.imageshack.us/img112/4938/chartshi6.gif

Alright, saw the close. Pretty bearish, will be on the watchlist though!

[liquid1010]

For those in Energy plays, the seasonal trend ends very soon. Index is overbought; so take profits if you so desire. A good article on this was in the National Post today....

[Canmorite]

Originally posted by liquid1010
For those in Energy plays, the seasonal trend ends very soon. Index is overbought; so take profits if you so desire. A good article on this was in the National Post today....

Heard a lot of that on BNN today too. Sell in May...But people always tend to act earlier.

[liquid1010]

Yea, if you look at the three year index of $BPENER it provides a really good picture of the swing. It's really quite interesting.

Anything else on your watch list? I'm hesistant to purchase anything right now though, as personally I think the Venture is in for a few negative weeks in the coming month or two.......

[max_boost]

Yeah I'm not too sure what to do right now either. I have some cash available but I'm going to wait and see.