Official Short-term Investments Thread

[Disoblige]

I am not sure what's going on with GDX and GDXJ but not liking the correlation. I'm considering significantly downsizing my exposure to GDXJ. Just looks weak in relation to gold.

[SilverRex]

xrp (ripple)

so far it managed to breakout and holding above it. I was hoping it would channeling the bottom of the wedge so I could enter near 10 cents for a 2nd position. This is pure spec for me nothing major but I see this being a very good counter against BTC as a digital currency for the banks/gov.

https://s1.postimg.org/7g2q6zezjz/xrp_10-11-2017.png

[SilverRex]

mux

after mux bottoming under 2.00, I would like to think it is now in new up cycle.

https://s1.postimg.org/488kxvcrcf/mux_10-11-2017.png

[zhao]

I'm happy i sold TV last week. This stock is back to being totally predictable. It had a couple very quick spikes where i could have sold at 1.63 but thats it, and then it stagnated and started going down like I thought. I have a bid order set at 1.50 in case anyone big pulls out profit and the stock spikes downward. I'm not sure how much lower it will go (briefly was at 1.54 today) but if more hidden zinc stockpiles are released on to the market tomorrow I think we could see a panic sell happen and this thing may go down deep in to the 1.40s again. If zinc stockpiles start going down again, or staying the same, we will likely see some price stagnation or very slow growth upwards until the next explosion caused by zinc prices or zinc stockpiles hitting the next emotional barrier.


Q3 production report i'm speculating will come out between wednesday of next week and wednesday of the week after, which should shake things up good or bad (probably good) so I'll likely buy back in in the next few trading days unless it leaves me behind at the pier. I'm not expecting to see a price spike from that; more insulating the stocks current value from falling significantly.

[SilverRex]

oil

after a good healthy correction. initially oil in the 52 was a good resistance area. a backtest to 49-50 was needed and completed. now we have a good 5 waves up follow by 3 waves down. if oil can close above 50.58 we may have wave 3 in progress

big picture still expecting oil to find its way in the 60-70 area

https://s1.postimg.org/1lumikxt0v/oil_10-12-2017.png

[jacky4566]

FCX:

The technical in me is seeing a head and shoulders. But Gold is set to rise before the end of the year or so I hear?

Anyone else with thoughts?

80208

[SilverRex]

fcx

despite it breaking above the consolidation over 14.56, it was unable to sustain the rally and already violated the prior wave 1 which turns the move into a corrective structure. nothing has changed really, I am still waiting for the wave C of 2 low some where to fill the gap at 13.00 before wave (3) begins

https://s1.postimg.org/8iwv5kvjn3/fcx_10-06-2017.png

thats my expectation.

- - - Updated - - -

- - - Updated - - -

natgas

as I said before, still holding onto a bullish view unless it breaks below 2.759, it came within pennies. Can you say too close for comfort? still holding onto my Ugaz.

https://s1.postimg.org/7q5o9nvt0v/natgas_10-06-2017.png

[SilverRex]

miners have been under-forming 2 of the 3 sessions on the backs of strong gold. since my initially take is that the 1300 level for gold is a major resistance. I am going to exit my Jnug with a slight profit and wait for a better entry

[SilverRex]

very nice to see natgas having follow thru now retesting key area 3.00, will set a metal stop below 2.93

[SilverRex]

fcx

with a strong copper price making new highs fcx refuse to drop to the wave c low in the low 13s. if it breaks out here, it will be considered a Ro4 rule breakout which is pretty significant. MT chart remains strong expecting 20-24 area as MT target based on the various levels of inverted h&s patterns being developed here.

update: Copper price may still have just completed a wave 5 of 5. meaning it can still fall back suggesting fcx with a potential new 5 waves up count that can still bring it down to under 13.65 in the coming months. So I will do nothing here. if gfx low 13s show up I will gladly load up. Otherwise I will keep my current position for a MT target price of 20-24

https://s1.postimg.org/8mye4ja23j/fcx_10-16-2017.png

[SilverRex]

natgas

while it dropped below 2.935, I decide to hang onto my UGAZ, and even added another position during this steep pull back. I have a feeling natgas still has the potential to erupt knowing it is beginning to find exhaustion and running out of sellers. the extreme negative sentiment gives me hope that the major move is to the upside.

using 2.8 as my key support.

[SilverRex]

natgas

using biotech xbi as comparison of what consolidation can do. Not sure how many were following biotech when I posted the same 5 pt consolidation was spotted at the beginning of the year and look where biotech went. if the same pattern continues I see natgas potentially hitting a A=C in around the 4.5 area in the coming months.

2.759 and 2.80 must hold in order for this to remain valid

https://s1.postimg.org/1ns8yud1cf/natgas_vs_biotech.png

[bh87]

natgas

using biotech xbi as comparison of what consolidation can do. Not sure how many were following biotech when I posted the same 5 pt consolidation was spotted at the beginning of the year and look where biotech went. if the same pattern continues I see natgas potentially hitting a A=C in around the 4.5 area in the coming months.

2.759 and 2.80 must hold in order for this to remain valid

https://s1.postimg.org/1ns8yud1cf/natgas_vs_biotech.png

What term and pricing are you looking at for the NatGas quote?
On my live quote system (Thomson One) the 2 month contract price (12/17 rollover just happened) is at ~$3.103 right now which is down $0.058 (1.80%) and hasn't closed below $2.86 since beginning of August. Thus far today the low is $3.071 and high $3.141

[SilverRex]

What term and pricing are you looking at for the NatGas quote?
On my live quote system (Thomson One) the 2 month contract price (12/17 rollover just happened) is at ~$3.103 right now which is down $0.058 (1.80%) and hasn't closed below $2.86 since beginning of August. Thus far today the low is $3.071 and high $3.141

my charting hasnt rolled over yet. you can look at the low price set on Oct 9 and Aug 04, as long as price does not break those support. I remain very bullish on natgas

[SilverRex]

fcx/copper

looks like fcx had a false breakout. originally plan remains on the table. still waiting for a wave c low in the low 13s. looking at copper I feel we have finally completed wave 5 of 5 of (1). copper should now correct in a 3 wave pattern. typically it would go after the prior wave 3/4 range. the uber bullish view could have copper only falling as low as 2.8-2.9 but since I dont play copper price directly, im not concern about timing the right entry. I have sold all my fcx on this pop and will wait for a much lower price for re-entry

https://s1.postimg.org/35k3hops2n/copper_10-17-2017.png

[SilverRex]

already posted this on gold last week

just updated a uber bullish path.

right now gold could have ended a sharp wave 2 pull back and will now begin a strong uptrend. or we may have one more low low ahead to truely back test the multimonth trendline breakout.

imo, both scenario is bullish.

https://s1.postimg.org/9f27wpk573/gold_10-05-2017_B.png

reposting this. gold is currently on the black path. this small rally in gold could make another wave higher but MT I am going to wait for the back test of that significant multi year trendline breakout to load up on leverage again.

[Mostwanted]

reposting this. gold is currently on the black path. this small rally in gold could make another wave higher but MT I am going to wait for the back test of that significant multi year trendline breakout to load up on leverage again.

Silver Rex your Technical Analysis is great! Although i dont trade the stocks you trade, I appreciate the way you show your reasoning for the movements. Been applying them to my day trading strategy and have been a more successful trader cause of it. Keep er up!

[max_boost]

MJ Pullback time?

[SilverRex]

gold

while expecting gold to back test the trendline breakout in the low 1200s without breaking July's low. gold could still mark a higher high (orange count), this will give miners another ST rally. seeing how miners held up extremely well today it is actually outperforming gold. which supports this move.

https://s1.postimg.org/8xrzx3xwe7/gold_10-17-2017.png

[KO22]

Any thoughts on PONY? Getting absolutely wrecked, looking at short and long term picture here

[jacky4566]

Any thoughts on PONY? Getting absolutely wrecked, looking at short and long term picture here

Wow those guys really bit the dirt.

Peter A. Williams recently quit as a Director of the Corporation so that could be the reason for the recent dump.

Production numbers and finances looks ok from this page: https://finance.yahoo.com/news/painted-pony-announces-updated-2017-220300089.html?.tsrc=rss

Wonder if anyone in the biz can give better rational?

[zhao]

my take on pony updated for today. i'm not in the biz but its one of the few companies I follow:

compared to every other natural gas company in canada their graph over the last 5 years pretty much looks exactly the same. same movement up at the same time as everyone, same movement down, etc etc. So what its doing this year doesnt mean there is a big problem with this specific company, more Canadian NG in general.

However, its far more violent so there is a bit of a stinky taint to pony, mainly because of their deal; throwing away a solid balance sheet position for a shitty position to gaindouble the production. I continue to hold a small amount because i think long term its outlook is good. I am also very close to buying a big chunk of it for short term gains as well because I think it is due to rebound starting in the next couple weeks. Last night i re-evaluated what i think of this company and i came to the conclusion it was going down more still. I was thinking we didn't see the bottom quite yet, and after today think there is still room for it to go down..... but we should be pretty damn close to the bottom at this point. What i dont like about it's future is Canada hates it's energy sector, and almost all of NG production comes from alberta and BC, and at least one of those provinces our federal government wished north korea would just nuke into a parking lot. The rest of the world is also not wanting to invest in Canada's energy sector, which is why we are seeing shitty stock prices imo. If there is any half decent change or news, we could see foreigners start to load up heavily again, and that will really rebound prices of these stocks.

People are also watching insider trading, and at these record low prices...... no one is buying. so that turns us off. Ward bought something retarded like $20g worth a month ago... which imo is worse than not buying anything at all. It's like he admitted he had to buy, but was only willing to commit pocket change lol. I also think changing of management is what a fair number of people are waiting for, so i dont think someone stepping down tanked the stock at all. You have people in this stock that bought at $10 in january and are looking at a 75% loss. Heads should be rolling in management for that in a lot of people's eyes.

My opinion is i'd say odds are its going up shortly, possibly back to $4 as long as natural gas prices stay decent and there isn't any major problems with getting their product unloaded. It has a good chance of hitting $6 this winter if things go well. I dont buy in to it hitting $9 or $12 like some analysts think. I think those analysts are sleeping at the helm from before the NDP took power in BC.

There is a small chance it will continue to be pony and just keep going down and down...... and down..................... and down.

[zhao]

I doubled my stake in pony today at 2.85. Rebought in to tv at 1.47

[SilverRex]

I doubled my stake in pony today at 2.85. Rebought in to tv at 1.47

took a quick look at Pony. Interesting chart looking for a major bottom. an obvious ending diagonal 5 waves down and we are in the final 5th wave and even a micro 5 waves sequence with the potential to bottom right here. if there is any capitulation, downside could be another 10% down to the 2.5 area, otherwise it reminds me of Meg.to when it punch down to a new 52 week low bottomed then jumped nearly 100% after 2 months.

I see potential here. taking a stab here with you at 2.88

as for tv, it looks toppy to me, in a 5th wave up, maybe one more sub 5 up to a slightly higher high. Not fan of those overlapping waves on these moves up

https://s1.postimg.org/2o6y975aun/pony_10-18-2017.png

[SilverRex]

oil

oil has been difficult to count. so to make it simple, I think multiple 3 waves works better. Conservatively I believe oil has a date with 60. the high side is 70-75 if you take into account the potential of a cup pattern with a depth of 25 dollars, hence breakout would give you another 25 dollar move 50+25=75

can oil make another daily cycle low under 50? sure it can. so I would expect a good pullback to be a great opportunity to go long MT.

https://s1.postimg.org/9cmy5tdmdb/oil_10-18-2017.png

[jacky4566]

Ill put a bet on that Pony. Lets go Papas got a brand new bag!

[Mostwanted]

Took a position on PONY as well, 52 week low and on its 5th wave down. ECS & PGF has been my main play for day trades lately

[s_havinga]

Any comments on PD? Also bouncing its 52 week low. I took 2 positions last week- a little early it seems but to me it seems like there is a lot of upside.

[zhao]

as for tv, it looks toppy to me, in a 5th wave up, maybe one more sub 5 up to a slightly higher high. Not fan of those overlapping waves on these moves up


It is kinda toppy for short term trading. Not just because of waves trends either. It's running out of a bit of steam with the speculators buying it solely off of what zinc is doing (zinc is currently higher than anyone expected and stockpiles aren't going down fast anymore so i'm not sure how much higher zinc can really go to cause spikes in this stock's price. I'm not expecting any crazy increases from now on in zinc pricing, but we could still see some surprises if the stockpile drawdown continues). However, the long term outlook is quite good because this company should have nice cashflow quarter after quarter for awhile so I viewed it as pretty low risk at 1.47.

I originally planned to get out around 1.70, and I probably still am. I exited the last wave in full expecting a big drop, and while i'm not sure if its over or not, I'm figuring it will go back up within the next month or so to mid/high 1.60s. I'll be exiting again in full around that price and may not re-enter. If the stock price falls a lot after that I'll probably jump back in. Everyone and thier dog thinks this stock is going to $2+ within the next year, and it probably will. I just think after it changes from a stock where people primarily are speculating on zinc to a stock more focused on the balance sheet and cash flow, it's not going to see as predictable or as profitable of swings as we have seen since I bought in at 1.09.

I dont think this thing is a no brainer anymore. Not something i'd recommend to anyone not prepared to lose, but its been good to me and i think it'll still perform decent for myself.

[jacky4566]

Got stopped out of UGAZ at 10. Pitty Natgas just cant seem to take off.

[SilverRex]

Got stopped out of UGAZ at 10. Pitty Natgas just cant seem to take off.

I will get out if it breaks 2.759

[Mostwanted]

Lithuim stocks had a very nice early pump, LAC & NMX hit 52 Week high

[SilverRex]

natgas

seasonal natgas does show a typical low in November so cant rule out further weakness ahead. for the moment it is pennies away from breaking 2.759, unless it can reverse aggressively, I think it is creating larger swings and the multimonth consolidation as morphed into a widening megaphone pattern. this will eat both longs and shorts alive as it continues to take out your stops then reverse aggressively in the other direction after the same thing. It may be better to range trade this with the expectation it can break a support and recover. if price does not recover back above 2.93, it would also put the mega head and shoulder pattern at play which is extremely bearish.

if I continue to play this sector I may have buy on the low (the red lowering channel line) and sell a portion near the top and let the rest run if a true breakout occurs. I will switch over to this widening swing theory if 2.759 breaks.

https://s1.postimg.org/3qdpni1swv/natgas_10-19-2017.png

[SilverRex]

what a great reversal on natgas. still holding onto UGAZ, 2.759 never broke. the sentiment on natgas is so bearish, that alone would turn things around

[SilverRex]

meg.to

even though I see oil hitting 60-70 in the coming months, looking at meg.to and even bte.to they dont look impressive to me, and the recent rise appears to be corrective. which I now lean towards a wave C drop to prior lows. I have already exited all my energy shares a few weeks ago with a good 20-25% profit. will only be buying back in again if I see meg hit the blue box area.

https://s1.postimg.org/92kpcq218f/meg_10-20-2017.png

[SilverRex]

natgas

a strong reversal yesterday. it came with a penny from breaking a critical support. but with how volatile Natgas is, even if it breaks it can still recover. I believe sentiment is so extremely bearish, this alone is enough to exhaust all sellers and turn to the upside. if yesterday's reversal was a major low. then I expect natgas is now tracing out a wave c of (ii) bottom. alt count is one more wave lower down to low 2.8s, the next rally above 2.9 could be a good one

https://s1.postimg.org/6lzqvmnwzj/natgas_10-20-2017.png

[SilverRex]

gold/miners

was hoping a dead cat bounce was stronger. but with gold in the green yesterday, miners again was underwhelming. Im not going to attempt to try and catch any short term bounce here. even if it still make another good runup. will wait until gold backtest that breakout trendline (as previously posted) then will assess and re-enter leverage

[SilverRex]

bte

bte was not able to hold above prior wave highs, these overlapping structure is looking bearish as a pattern. a flag channel on the down side. I am also leaning towards a bearish case and that bte is also in some sort of ending diagonal looking for a major bottom. remember, meg made a new 52 week low, while bte has not, perhaps it is still trying to do this. any pattern is not guarantee and yes if oil explodes, who knows bte could invalidate the channel and break above wave (d) and the pattern becomes a 1-2, 1-2. energy isnt my focus so I will be patient and wait if wave (e) develops, then it would be a very good bargain

https://s1.postimg.org/8fyk1dnnlr/bte_10-20-2017.png

[SilverRex]

right now natgas looks ready to breakout, I would only consider the wave C low to remain on the table if price breaks 2.88

[SilverRex]

mux

mux has not given me the sub wave 3 up move. if it does not do this in short order (green count), we may be looking at one more wave lower hitting the next target zone of 1.6-1.7 area (red count). if this happens I may add another position.

with gold outlook remaining on the weak side for a couple of more weeks. this certainly does not help it's cause.

https://s1.postimg.org/1m15b8kq33/mux_10-20-2017.png

[SilverRex]

natgas

a good sub wave 3 breakout. now I want to see a wave 5 up without breaking below 2.9,

update:

https://s1.postimg.org/37dy0atfzj/natgas_10-25-2017.png

[SilverRex]

regardless of which way gold is heading in the medium term, I think short term gold may be ready to make a higher (c) wave. if A=C then im expecting a backtest of the 1320 area

https://s1.postimg.org/1bolti6uxr/gold_10-25-2017.png

[jacky4566]

Any thoughts on Oil? We seem to be stuck around 52$ without any real breakouts.

BTE is fast approaching a triple bottom for the year so I might load up when they are rising +$3.

Also IDK if anyone trades tech but AMD got knocked down quite hard with earnings report. The 200 day moving average at 12.79 is still acting as support for now so that's a good sign. I put in a buy at 12.5 as I expect $14 by end of November.

[zhao]

I don't have us funds but I'd probably would have bought amd this morning if I did as it should rebound.

zinc is climbing nicely over the last week. I'm figuring things should get confirmed next week but the speculation is china is closing down more mines, which will cause a tightening of supply that is already dwindling. People are playing wait and see if any hidden inventories get released but I'm banking on a continued drawdown and tv spiking up to mid 1.60s, especially if there is no bad news in the next week or 2.

If that happens I'll expect another hidden inventory to show up shortly after on the London metal exchange.

[SilverRex]

gold broke below 1270 and has invalidated the short term count. it looks like gold isnt getting it's higher wave (c) bounce. no matter, will wait for the low 1200s,

while natgas has been wild, still expecting it is in a bottoming period waiting for the real upside breakout. GASL is another 3x fund that tracts natgas alot better than UGAZ as I was told

[Vanish3d]

When will the bleeding stop for BTE ?!

I seem to be awesome at buying at the tops and exiting at the bottom. Trying to hold on but it's quite discouraging

[KO22]

When will the bleeding stop for BTE ?!

I seem to be awesome at buying at the tops and exiting at the bottom. Trying to hold on but it's quite discouraging

same as Pony.. I am getting slaughtered

[BavarianBeast]

same as Pony.. I am getting slaughtered

PONY is my biggest loss to date :(

(well, not quite a loss until I sell I suppose)

[SilverRex]

PONY

the downside towards 2.50 is being realized, count suggest we are very close to a sub v of (e) ending diagonal being completed. it is still possible for 1 more very small v of v lower, initial reversal price needs to break above 2.83 follow by 3.30 would then give me more confidence a new up cycle has begun

https://s1.postimg.org/7l0ik3salr/pony_10-27-2017.png

[BavarianBeast]

I just double downed on PONY with some of the cash I received from the Veresen - Pembina deal.

Committed to er now!

[Manhattan]

Thinking about rolling the dice on pony too. It's probably not going to do much worse after paying people to take your inventory off your hands. How much of your overall portfolios do you guys allocate to speculative stuff like this?

[BavarianBeast]

Thinking about rolling the dice on pony too. It's probably not going to do much worse after paying people to take your inventory off your hands. How much of your overall portfolios do you guys allocate to speculative stuff like this?

I'm a young gun so 40% of my portfolio is high-risk/speculation investing.

[SilverRex]

good luck to those who is holding PONY. I have a 5% stake as well.

so far we have an encouraging 5 waves off the bottom and now 3 wave correction. possible extended 3-5-5 larger degree could come down into the 2.60s. looking for an upside breakout above 2.83 and turning it into major support zone

https://s1.postimg.org/5b3pvebk0f/pony_10-27-2017_B.png

[zhao]

100% of my stock portfolio is high risk. But I use property for low risk long term investments.

20% of my portfolio is pony right now. I was tempted to liquidate another stock and double down when it fell to 2.5x today, but it moved back up way too quick and I dont want to add more at current price. Still, nice to see it at 2.80ish again.

I'm also dealing with some heavy price manipulation on TV. 3 days in a row now with 30 seconds left of the day someone has sold heavy to drive the price down. JP Morgan is doing some funny business with flooding a million shares at market price at that time, and someone listed as 'anon' buying most of them them. That's the TSX for you, zero oversight. This stock should be trading 10% higher right now, so with the way my portfolio sits right now, this is the stock i'll be dumping every cent I free up in to as long as it is under 1.40

[asp integra]

PONY currently sitting at 2.79. I'm watching this closely to see if I should join in on the fun...

[s_havinga]

Well I bought PD a little early but a ~20% bump over the last 2 trading days is looking pretty nice.

[max_boost]

don't have the balls lol just 15% of my portfolio for weed stocks and what not.

but that WEED today tho. feels so good to see it jump.

[SilverRex]

good luck to those who is holding PONY. I have a 5% stake as well.

so far we have an encouraging 5 waves off the bottom and now 3 wave correction. possible extended 3-5-5 larger degree could come down into the 2.60s. looking for an upside breakout above 2.83 and turning it into major support zone

https://s1.postimg.org/5b3pvebk0f/pony_10-27-2017_B.png

well PONY has made a very good back test and so far bounced off the 2.68 area. this makes a very good place for wave 2 bottom.

[max_boost]

What to do with MJ? Just watch it go up and up and up? lol

[Mostwanted]

What to do with MJ? Just watch it go up and up and up? lol

Thinking of the same thing, I keep telling myself its going to jus unexpectedly go down a lot since that increase over 2 days is unsustainable, but seeing it go up and up make me more depressed that i didn't jump on when it was in 15s

[ickyflex]

Does anyone own HIVE?

[Manhattan]

What's going on with Westjet? Record Q3 profit and down 5% today.

[SilverRex]

oil

looks like oil is dragging up the producers, it may have prematurely ended any correction in both bte/meg and now looking pretty bullish.

PONY

so far we got our reversal off 2.68, now it needs to make new high and turn 2.83 into a major support otherwise a lower low count remains on the table.

gold/silver

what a strong move for silver today. while I am still waiting for low 1200 gold to be 'the' bottom. no one can really tell if if metals is ready to make a major move to the upside and surprise everyone. after all as the US dollar continue to gain strength, gold has been struggling to break a new low. Could this be a divergence signaling a bullish reversal? I would love to get back on leverage if I see 1200-1220 gold, but already have enough invested and my focus is in silver mining producers. I will take a big move now over a better entry considering I am already fully invested.

[SilverRex]

silver

as mention, I am heavily invested in silver miners. with the impulsive jump to silver today I cant help but wonder if this is a bullish implication. considering the US dollar has been strong making higher highs yet gold remains unable to break below oct 6 which is a divergence imo.

so looking at silver, if the bottom is in and silver is now ready to make some big moves, then the green count is what I will see in the coming weeks. orange remains the alt count suggesting gold down to the 1220 area remains on the table. fun times ahead

https://s1.postimg.org/64fmuy3j1b/silver_11-01-2017.png

[zhao]

There is another stock i'm looking at.

CJ.Tsx

I'd sum the company up as basically a small cap cenovus that didn't do a retarded deal 6 months ago and hasn't recovered yet from $4x oil. I see the company having the potential to hit 6-7 within the next 6 months+.

What I like about this company is they actually have a pretty crazy dividend right now and analysts seem to think that dividend is sustainable with oil above $50.


I haven't bought yet, but I would today if I had more than peanuts available for funds, and I probably will buy this within the next week or 2. Hopefully it stagnates or falls before than but i'm figuring its going to continue to go up for awhile.

[zhao]

my take on Pony:

aeco is up over 2 now, which is why pony spiked today IMO. I would say there is a good chance we have seen this stock bottom out.

if we see aeco hit 2.50+ i think we'll see some true magic happen with this stock.

I have some regrets not adding more when it fell to 2.6s, and this is probably the turning point for pony tracking upwards...... but pony could be pony and plummet again hard for no damn reason like it has before. I'll probably liquidate some stocks in the next week if other things go good, and if pony goes down in that time i'll probably double down again. if it goes up i'll probably add a small amount and go big into CJ.

[civicHB]

Anyone following under armour UA? their results have been horrible and the stock took a major hit in Q1 and now in Q3.
Are they are better buy at the current valuation or still room to drop?

[SilverRex]

PONY

not looking too bad, however only 3 waves up off the low. need to see a 5th wave go higher over 3.09 before I am confident in the bottom being in.

[SilverRex]

PONY

chart wise, if the bottom is in, we need to see a 5th wave above 3.08 and preferably break the 3.21 then I will be more confident the low in 2.5s was the bottom. failure to do this with a downside breach below 2.83 would jeopardize the current rally being just another larger degree counter wave iv follow by another 5 waves to a lower low.

https://s1.postimg.org/1xu2al6isv/pony_11-03-2017.png

[SilverRex]

gold big picture

just wanted to compare gold during the last major breakout back in 2009. I see similarities. a breakout of the multi month (then) and multi-year down trendline (now), follow by a back test. Ideally, would like to see gold back test this breakout trendline without breaking below 1200. And yes, price can fall below the breakout price as seen in 2009. And if this is a valid breakout pattern, price never revisited this. all the bearish outlook and negative sentiment regarding gold this year is required in order to setup the next major move.

As for the general stock market, it is in a melt up phase. you will know this when index doubles in less than 12 months once it begins to run away. Been preaching the melt up scenario since early 2016, the only question is how much and how soon. Any significant drop in the stock market at this juncture would be viewed as just another wave 2/4 correction follow by new highs.

https://s1.postimg.org/40uag9k19b/gold_big_picture.png

[swak]

What do you guys think about the new MIND etf?

Artificial intelligence managing the portfolio. Could get huge. But not really interested in a long term hold in something like this either.

[zhao]

purely my view:

I'm not a huge fan of ETFs for myself. i view them as half way between a mutual fund and stocks, or a half measure. It's not exactly what i'd call diversifying and it's not exactly going to see huge growth either because you lump all the shit in with the good, and you only focus on one sector.

Take HMMJ for example; compare it to WEED, aph, or acb, and anyone buying HMMJ would have been better off just rolling the dice on any one of the big players in Canada.

acb was at 1.92, weed was at 6.80ish. they're at 3+ and 16+ respectively now, whereas HMMJ was at lowest 8.50 and at highest 10.50?

IMO if you want to go heavy in to one industry, you should probably research the heck out of that industry and pick 1-2 stocks in it.

Or if you want to diversify, go with a mutual fund.

[swak]

purely my view:

I'm not a huge fan of ETFs for myself. i view them as half way between a mutual fund and stocks, or a half measure. It's not exactly what i'd call diversifying and it's not exactly going to see huge growth either because you lump all the shit in with the good, and you only focus on one sector.

Take HMMJ for example; compare it to WEED, aph, or acb, and anyone buying HMMJ would have been better off just rolling the dice on any one of the big players in Canada.

acb was at 1.92, weed was at 6.80ish. they're at 3+ and 16+ respectively now, whereas HMMJ was at lowest 8.50 and at highest 10.50?

IMO if you want to go heavy in to one industry, you should probably research the heck out of that industry and pick 1-2 stocks in it.

Or if you want to diversify, go with a mutual fund.

Very well worded. Good points, but while these smaller and I guess you could say more conservative ups and downs you mention would occur in an ETF... I honestly foresee MIND being set apart from the rest, and maximizing potentials in both way. Could revolutionize the industry... maybe not that far, but i think will make for a good etf. Just not willing to invest this early in it and holding money into something like this for a long term hold only to maybe see 2-3% growth. Seems silly. Might as well buy a mutual fund as you say.

EDIT:
Speaking of ETF's though, crosses my mind all the time and is probably a stupid move... But to take a $250,000 loan out and hold for 6mo. into BRK.A pay the interest and take the ~$8,000 profits (after a $10,000 gain or so).

[TomcoPDR]

Anyone following under armour UA? their results have been horrible and the stock took a major hit in Q1 and now in Q3.
Are they are better buy at the current valuation or still room to drop?


Bought some UAA instead. Watching for over 1 year, notice on the down swing UAA and UA prices are closer; but man on some up swings the price gap is wider.

[max_boost]

purely my view:

I'm not a huge fan of ETFs for myself. i view them as half way between a mutual fund and stocks, or a half measure. It's not exactly what i'd call diversifying and it's not exactly going to see huge growth either because you lump all the shit in with the good, and you only focus on one sector.

Take HMMJ for example; compare it to WEED, aph, or acb, and anyone buying HMMJ would have been better off just rolling the dice on any one of the big players in Canada.

acb was at 1.92, weed was at 6.80ish. they're at 3+ and 16+ respectively now, whereas HMMJ was at lowest 8.50 and at highest 10.50?

IMO if you want to go heavy in to one industry, you should probably research the heck out of that industry and pick 1-2 stocks in it.

Or if you want to diversify, go with a mutual fund.

I do ETFs because it just helps me sleep at night lol

I have HMMJ with ACB/APH/WEED and the individual stocks has exceeded the ETF for sure. The MJ part of my portfolio is about 20%, the other 20% in Bonds and 60% mixed up between the TSX (XIU), and America XQQ (Nasdaq), ZDJ (Dow), and XSP (SP500).

I'm hesitant in adding more positions to the ETFs because the Dow and TSX are both so high right now lol there is a small dividend so let it sit and collect the 3%. If things drop, buy more?

[zhao]

Very well worded. Good points, but while these smaller and I guess you could say more conservative ups and downs you mention would occur in an ETF... I honestly foresee MIND being set apart from the rest, and maximizing potentials in both way. Could revolutionize the industry... maybe not that far, but i think will make for a good etf. Just not willing to invest this early in it and holding money into something like this for a long term hold only to maybe see 2-3% growth. Seems silly. Might as well buy a mutual fund as you say.

EDIT:
Speaking of ETF's though, crosses my mind all the time and is probably a stupid move... But to take a $250,000 loan out and hold for 6mo. into BRK.A pay the interest and take the ~$8,000 profits (after a $10,000 gain or so).

history may prove you right, but if I was investing with a loan (heloc I assume?) I'd be looking at something that I wouldn't cry if I had to hold long term and that could cover the interest. I'd be looking at dividend stocks, ones like CHR or CJ where they have quite good returns as well as good potential. Or ones like RSI or PPL which have rock solid sustainable dividends and stock prices that fluctuate only a little bit... and I'd be looking at buying these on a downturn. That way if anything happens with the market and the stock falls below my buy price, the dividend will cover the interest and probably still net me a 2% ROI.



But as Sam said, whatever makes you sleep at night is probably the correct investment. With BRK.A you have a company that has consistent growth..... but has a brilliant man at the helm that is 87. If he dies, and he will, expect confidence in the company to fall instantly. I wouldn't be able to sleep at night investing 250k into that company with a loan. Now, that doesn't mean the compnay wont be just as profitable or rebound.... just take apple when steve jobs died. I would have bailed myself, but here we are today, and I have been proven wrong, in the short term at least.

[swak]

history may prove you right, but if I was investing with a loan (heloc I assume?) I'd be looking at something that I wouldn't cry if I had to hold long term and that could cover the interest. I'd be looking at dividend stocks, ones like CHR or CJ where they have quite good returns as well as good potential. Or ones like RSI or PPL which have rock solid sustainable dividends and stock prices that fluctuate only a little bit... and I'd be looking at buying these on a downturn. That way if anything happens with the market and the stock falls below my buy price, the dividend will cover the interest and probably still net me a 2% ROI.



But as Sam said, whatever makes you sleep at night is probably the correct investment. With BRK.A you have a company that has consistent growth..... but has a brilliant man at the helm that is 87. If he dies, and he will, expect confidence in the company to fall instantly. I wouldn't be able to sleep at night investing 250k into that company with a loan. Now, that doesn't mean the compnay wont be just as profitable or rebound.... just take apple when steve jobs died. I would have bailed myself, but here we are today, and I have been proven wrong, in the short term at least.

Regarding your comments on Buffet, he's an icon and the best of the best no debate.... But, while he is still massively involved in his company, I honestly doubt that he's doing much of the account management these days. BRK.A will drop no doubt when his day comes (this will be super unfortunate for us all), but the company and the ETF will still go strong, i have no doubt of that.

[Feruk]

purely my view:

I'm not a huge fan of ETFs for myself. i view them as half way between a mutual fund and stocks, or a half measure. It's not exactly what i'd call diversifying and it's not exactly going to see huge growth either because you lump all the shit in with the good, and you only focus on one sector.

Take HMMJ for example; compare it to WEED, aph, or acb, and anyone buying HMMJ would have been better off just rolling the dice on any one of the big players in Canada.

acb was at 1.92, weed was at 6.80ish. they're at 3+ and 16+ respectively now, whereas HMMJ was at lowest 8.50 and at highest 10.50?

IMO if you want to go heavy in to one industry, you should probably research the heck out of that industry and pick 1-2 stocks in it.

Or if you want to diversify, go with a mutual fund.
So your argument is that because a diversified ETF in the hottest sector in Canada this year did not do as well as the top couple stocks, ETFs are a poor choice? You then suggest a mutual fund where a manager picks stocks is somehow more diversified than an ETF which holds all the stocks in that sector? Lol.

[SilverRex]

PONY

got our 5th wave higher, now I do believe the bottom is finally in. unless the waves becomes extended which could keep going up, it is now ready to make a wave 2 correction that should not break below 2.8

Natgas

still holding my Ugaz. this is probably the 4th time in the last month that is again trying to solidly break above 3.00, will see if it can finally do this.

[max_boost]

+40% on canopy now lol

This isn’t normal for me lol normal is losing money! Paper gains. Haha

[KO22]

PONY

got our 5th wave higher, now I do believe the bottom is finally. unless the waves becomes extended which could keep going up, it is now ready to make a wave 2 correction that should now break below 2.8



please no

[taemo]

+40% on canopy now lol

This isn’t normal for me lol normal is losing money! Paper gains. Haha

ACB and APH are up too.
wish I had extra cash when APH temporarily went down below 7$ weeks ago :cry:

[SilverRex]

please no

sorry had a typo, it should not break below 2.8 was my thoughts.

[zhao]

I'm waiting for that down wave to load up more and hope it gets close to 2.8, but I don't think it'll happen.

[swak]

I stumbled upon west jet WJA the other day sitting mid $25s. Just took a big hit and with their new jet line coming out could be a solid buy ! I'm no expert but put some money in today feeling this out.
They just took a hard 10% dip last week.

[taemo]

anyone know whats going on with the weed stocks still going up?
feels like a dejavu again like last year when they spiked high for 2-3 days then dropped.

tempted to exit right now and wait next week for a re-entry

[kenny]

anyone know whats going on with the weed stocks still going up?
feels like a dejavu again like last year when they spiked high for 2-3 days then dropped.

tempted to exit right now and wait next week for a re-entry

I'm considering taking profits too on all my weed holdings... but with my track record it means it'll spike up even more :rofl:

[JustinL]

I think the weed hype will continue to build until July. It's very speculative now, and there's going to be ups and downs, but I think we'll see higher prices as more and more news comes out during the lead up to legalization. I'm staying in for the time being.

[max_boost]

I'm considering taking profits too on all my weed holdings... but with my track record it means it'll spike up even more :rofl:
lol

what do we do fearless leader?

[swak]

I'm considering taking profits too on all my weed holdings... but with my track record it means it'll spike up even more :rofl:

Haha you and me both. I just recently sold canopy and bought aurora at the start of this bender... can't win haha

[TomcoPDR]

I'm considering taking profits too on all my weed holdings... but with my track record it means it'll spike up even more :rofl:

:banghead: man gave up around $12.50 :banghead:

[SilverRex]

natgas

5 waves off the low, should be able to close above 3.00 today. looking very good technically. expecting a small correction than launch, might take some profit off the table if it hits 3.2
sadly I should have moved into GASL as it has risen 48% since contemplating when it was in the 18s.

im expecting the correction to be a mild one slightly diving into the blue box buy zone. even if natgas dives towards 2.85 I think it is still pretty healthy. personally I want to see it hold above 3.00 as to not give anyone a chance to load up on the low side, this will cause a buying panic and short covering once it begins the next wave higher

https://s1.postimg.org/1w9unyav9b/natgas_11-07-2017.png

[taemo]

weed stocks going up again this morning :nut:

today might be the good time to unload them if you like short selling, but myself I'm keeping them and maybe buy more if it dips in the next few days.

[SilverRex]

mux

finally seeing some upside momentum on mux. after the previous jump early oct was just a 3 waves, it was indicative of another new low which has been fulfilled. Now we will see if this can build into a solid 5 wave up and put away the bottom, I will be expecting some strong moves in mux once gold finds it's footing and makes the next big splash

https://s1.postimg.org/1sk99tzhcf/mux_11-08-2017.png

[BavarianBeast]

Has anybody been approached by these guys looking for investments? https://ca.linkedin.com/company/51stcannabis

Think they need about $1m to close their offering and are offering them in $25k chunks. Looks interesting but I prefer the liberty of taking my money out when I please..

[KO22]

I'm waiting for that down wave to load up more and hope it gets close to 2.8, but I don't think it'll happen.

PONY just came out with a decent earnings report, signed a long-term agreement with Methanex to provide NG to their Med Hat operation as well. Hopefully the 2's are long gone.

[BavarianBeast]

CHK Chesapeake worth a drop in the bucket for sure at this level

[zhao]

PONY just came out with a decent earnings report, signed a long-term agreement with Methanex to provide NG to their Med Hat operation as well. Hopefully the 2's are long gone.

probably, but I've been in pony for awhile, made some money riding the waves when it was going up and down, up and down, but luckily only rebought in with 2400 shares at 5.25 when I followed the wave down to the 2s. Almost no one was saying it would ever hit 2s, and I was in the camp that laughed at that possibility, especially when it rebounded in summer briefly, but then we saw sub 3s..... and then its like hmm, you know, maybe even 1s are possible... lol. And even in the high 2s the biggest question on stock boards was , who the hell is selling pony at 2.xx's?????? but yet people were, and in droves. This is a company that went up 75 cents or something retarded based on the news that the LNG port was a no go. This is the stock that every time oil plummeted it fell with it, even though it had no relation with petroleum other than its outdated name they changed this summer lol. This stock does a lot of things that make no sense and i'm convinced a lot of idiots must be in it. When i put ina bid order almost my entire order was filled by people trading 100 shares (who does that???).

So one thing i've learned about pony is its pretty much impossible to predict what its going to do. Now that said, I did double down on pony at 2.85 thinking we were probably seeing hte bottom soon. And that said, i'm predicting my TV stock should spike by or around tuesday next week, where i will take profit and will be using that money to double down on pony yet again as long as pony is still in the low 3s and hopefully high 2s (I was watching it when it hit 2.9x today. What boggles me is this entire time pony has been crashing its still a profitable company doing things as right as they can (fuck, they even shut off production so they didn't have to pay people to take their gas like their competition. They're production is one of the cheapest per unit, and they're one of the best at utilizing their land). If things go right with my mining stock and pony is still cheap, i might even throw 50g at this stock, because its the only stock i'm watching i think there is a real good chance it doubles in the next 3 months (but hten it could just do what pony does and stay at $3 all winter lol, or even hit 2.5 again).

[SilverRex]

PONY

So last week was hoping to see Pony giving us 5 waves off the low to give us a solid reversal out of the ending diagonal bottoming pattern. We got that and since looking at a 3 wave correction that should not break below 2.8. So far PONY is about to gap up in the morning, which is fine as we already got a 3 wave correction. However, ideally the correction should at least make it to the previous wave iv range back into the 2.8s because the wave 2 is so shallow in time.

If PONY does come down to the 2.8s, then this may be the last opportunity to strap up, otherwise, a breakout above 3.22 should turn it into a major support if it is legitimate as wave (3) will be underway.

https://s1.postimg.org/475w72zpun/pony_11-09-2017.png

[SilverRex]

Ripple

while everyone including your grandmother is focusing on BTC and ETH, I am still more interested in the potential of Ripple being the counter BTC for the big banks. previous breakout was unsuccessful and the 0.30 area is a major wall. it sort of reminds me when ABX (Barrick) was unable to break above 8 dollar back in late 2015 coming out of a major low, once it broke above 8, it did not look back.

I see a similar setup, and have a position at 0.20, saving a 2nd position if we get any sort of panic low down to the 0.10 area.

this is pure spec play for me


https://s1.postimg.org/94ansv9m8v/ripple_11-09-2017.png