Official Short-term Investments Thread [Archive] - Page 322 - Beyond.ca - Car Forums

zhao

12-14-2017, 06:35 PM

pony is doing what i expected, aka fall, and i doubled down near the end of the day after it broke below 2.50. Tomorrow will likely fall a bit more, and I may be tempted to triple down on it.

i think there is a chance the price will dip to 2.3x, but I am also predicting the price should start going up next week if the weather starts getting cold again. AECO should be affected by cold temps, and aeco drives this dog, err pony lol.

if i triple down i'm probably going to exit out of it with 2/3rds if it rebounds quickly to the 2.80-3.00 range because i do not like holding a lot of money in oil and gas (I exited out of CJ last week after it started stagnating around my purchase price). If i double down i'll probably remain longer, but still exit out with half in the early new year sometime.

HS is being a good day trader stock, and I'm probably going to set my ask price to something more reasonable (tried 18 yesterday, tried 16.5 today, unsuccessfully). its fluctuating between 14.5-17, which is great range.

cloud7

12-15-2017, 10:00 AM

Cenovus taking another hit today. This was originally going to be a safe longer term play for me but this latest drop is cutting into my profit. You think cutting cost is good but the market is definitely reacting negatively. I will stay put and see where this is heading. There may be an opportunity to add more at some point.

SilverRex

12-15-2017, 11:28 AM

Natgas

Not moving the way I had hope. I should have stuck to my own call when Natgas first breached below the Aug 08 low that it would invalidate the immediate bullish setup and a hunt towards the next major stop in the 2.50 begins. We are literally here. thankfully knowing how trading Natgas is quite volatile in both direction I managed to sell 2/3 of my holdings at the top twice knowing breaking and holding above 3.10 is tall order if the consolidation or range trading continues. I sold another half of my position last week when she made a small bounce towards 2.77 expecting the 2.55 area. Now that we are here I am doubling down as there is a double line support imo that should draw in some buyers regardless of direction.

https://s17.postimg.org/mxeb9jddb/natgas_12-15-2017.png

zhao

12-15-2017, 08:59 PM

Pony: i'm in wait and see mode. I'm not convinced the bottom is in after watching it all day so I avoided tripling down.

End of day trading today was wtf too. i haven't looked in to the details but my guess is someone calculated dumping enough stock to trigger people's stops, blew them all out, and then automatically bought in. saw it drop almost 10 cents in a minute to rebound a minute later back up almost 10 cents. I actually view that as a bit of a positive, because if someone is trying to trigger it to go lower so they can buy, they probably think the bottom is in, and if htey're smart enough and loaded enough to do a calculated dump, trigger, rebuy manipulation like that, they might be correctly timing a bottom. Cold weather next week hopefully triggers aeco price increases and start an upward trend on pony soon. i wont be surprised if pony tests 2.20s again or even lower if someone is trying to tank the stock with continued end of day dumping and price manipulation, but i will be surprise if pony is this low in a month.

SilverRex

12-16-2017, 08:04 AM

Mux / Sil.v / gpr.to

all had 5 waves off the low this week. Something it hadnt done for a very long time. This may be the first sign this entire sector is turning the corner. While I am expecting still the 5th wave for gdx.gdxj and other general big cap mining stocks. Hopefully these ones is the sign that they will be leading the up cycle in the weeks to follow if not months

https://s17.postimg.org/p62lkwuhr/5_waves_up.png

SilverRex

12-16-2017, 08:18 AM

SilverRex

12-16-2017, 09:06 AM

fcx

one of the better 1-2, 1-2 charts out there that really hasnt failed us. those following this should finally get to smile a lot more. Looks like getting back in 13.8x for the sub 2 finally came to a reality. with this breakout I now expect sub 3 to hit at least 20. it needs to turn 15.75 into a major support and price should never break below 14.65 ever again, if it did, I would get the hell out.

https://s17.postimg.org/mweha7ba7/fcx_12-16-2017.png

SilverRex

12-16-2017, 09:31 AM

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

How many recall I posted this over 2 months ago. I mention just looking at how strong the resistance was at 0.30 that comparing to abx when it had a similar wall before the gold breakout in early 2016,that once broken it was pretty significant and never looked back. abx only went up about 200%, and so far Ripple has shot up 309% after 7 days. Not bad. I got into Ripple at 0.20 and was even hoping I could double up my position if it were to drop to the lower end of the channel near 0.10, sadly this never happen, that is why sometimes you just have to get some skin into the game to not miss a beat. but never all your eggs into one basket so to give you the flexibility to scale in and out at ease.

After a huge run up, it is now in consolidation mode. if this was a major top, there should be a connecting negative divergence between wave 3 and 5 (last two major peak just like in May when it first topped follow by another thrust higher) but I do not see any divergence at all, which tells me there should be further upside to come. the only question is, how low will this correction go. So far it has made a swift drop to 0.654 and rebounded nicely. all I see are nothing but 3 waves up and down. it has was forming a flag channel but has since morphed into a side way grind oscillating between 0.70 and 0.825. The general idea is which ever way it breaks will be the direction or trend. although a break under 0.70 will most likely just mean a lower wave (c) under 0.654.

The main reason I got into Ripple was not to join the Crypto craze. But rather I want to see the government adopt something to counter BTC. Ripple appears to fit this model in 3 big reasons. 1. it has much faster processing time, 2. Banks are adopting this and is traceable. (I dont own millions nor do I have dirty money that is why I dont care who knows where my money comes from) and 3. Supply shrinks over time.

I like these reasons so my investment will be to hold onto this as long as possible.

https://s17.postimg.org/r1tza2gi7/ripple_12-16-2017.png

SilverRex

12-16-2017, 10:08 AM

Pony

When Pony first made a strong surge towards 4.00 back in early November, I mention how it needs to hold above 3.22 in order to keep the bullish count alive. It never give us the 5th wave up making a 3 wave up a very corrective structure, so after price broke below 3.22 I exited my position with a reduced gain as it would open up the possibility of a double bottom or even a lower low. I even tried to remain bullish when it made a small bounce off 2.8 which must hold and it didnt. So really there was plenty of signs and technical damage for the past weeks pointing to the current weakness. Now that we have a new low and possible lower low ahead, it may begin to swing in favor of the bulls due to sentiment, count and the fact I see energy in general turning the corner next week.

If there is further capitulation next week, I think the worse case we could see price touch or dive under 2.00 because of the lower channel line or a backtest of the previous wedge line breakout. If this happens it would be very tempting for me to scale back in just from a risk to reward factor.

The safer play will be to wait for a swing low. Again those who are new to this term, it means price needs to break the high of the previous day trading range without marking a new low. When this happens, it is called a swing low. Typically daily, intermediate or even yearly cycle lows are marked with this kind of setup. That is why it gets more attention and alot of cycle counters or technical trader will use this for entry. This way you reduce the risk of catching a falling knife where price due to momentum could drive price further down each day for weeks and months on end. A swing low is not a guarantee but rather a possible turn. Stops are usually placed below the previous day low as well in case the turn is simply just another 3 wave correction pointing to a new sequence of 5 waves down.

https://s17.postimg.org/uqjo9qlfz/Pony_12-16-2017.png

max_boost

12-16-2017, 09:50 PM

what's the obsession with pony? :dunno:

averaging down has seriously never worked out for me in my life. those two words scare me haha

zhao

12-16-2017, 10:38 PM

what's the obsession with pony? :dunno:

averaging down has seriously never worked out for me in my life. those two words scare me haha

A company with no good way to get its product to market + polar opposite hype to bitcoin, MJ, etc surrounding it (canadian oil/gas sector is about as attractive as buying plaque rats in the middle ages) + worst governments in power ever to support it + stockprice has fallen 80% in 52 weeks or so.......

..... and yet still remains profitable, based off summer sales too (in an industry that does shit in summer usually), has only really fucked up with doubling down on doubling its stake in NG at a bad time (traded a great balance sheet for a meh one with double the assets, but made some good moves before, like GTFOing of petroleum about 3 minutes before oil crashed), is one of the most efficient gas producers, and is theoretically extremely undervalued.

aka its a small cap company that has been likely oversold and is off the radar that could spike 50% or 100% or 200% in the next 52 weeks as soon as there is some positive outlook and people start taking notice of it again, which is a pretty good risk vs reward scenario. it also could hit $2 and hover all year...

We could be equally talking about peyto, or one of the handful of other half decent NG companies that have tanked hard this year, but when i did my research pony was the most attractive canadian NG company so that's why I picked it. IMO they are oversold, and if they managed to still be profitable with one of the worst years for canadian gas, imagine what could happen if things turn around. As far as I see it, its like buying my mining company i keep talking about when zinc prices were fucked but the future was looking very good and yet the company was only worth .37 cents (450% in a year and a half increase), or like buying air canada when everyone said airlines were retarded to invest in and it was $1 a share (2500% increase in 5 years), or apple in 2000 right after it crashed and had a market cap of 4billion or so, whereas now its 900billion. There is a half decent chance that someday people will look at the 5 year history of this company and be like man, i wish i bought that stock when it was under 2.5.

I am literally not recommending anyone to buy it, because i'm starting to really be foggy on if its going down because uneducated buffoons are bailing for fears of it going under (i dont see how it is), or if smart people are getting out and uneducated buffoons are remaining in it about to lose their shirt lol.

averaging down works good as long as the company has potential and should rebound someday, which so far has been the case for my wife and myself. She has made some bad purchases for short term gain but refuses to lose money on stocks and i think the worst one she ever had to hold was AGF.B for 3 years before it topped what she originally bought it for and then some.

civicHB

12-18-2017, 09:35 AM

Trying to pick between energy vs technology sector for 2018
what sector do you think will have a better 2018?
Energy - VDE
Tech - VGT

or should i do a 50/50 split?

Mostwanted

12-18-2017, 12:05 PM

Anyone know the reason for low volumes in trading today?

JfuckinC

12-18-2017, 02:41 PM

What do you guys think of the Aurora/Cannimed/Newstrike Drama? What stocks will do what if who buys who? I'm pretty green to this stuff haha, Just trying to get a basic understanding.

mr2mike

12-18-2017, 03:48 PM

Anyone know the reason for low volumes in trading today?
Christmas time.
Seriously.

- - - Updated - - -

Trying to pick between energy vs technology sector for 2018
what sector do you think will have a better 2018?
Energy - VDE
Tech - VGT

or should i do a 50/50 split?

I work in energy and I'll tell you, not energy. ;)

Chandler_Racing

12-18-2017, 03:51 PM

How many recall I posted this over 2 months ago...
SilverRex How do you feel about Ripple having some 39B coins in circulation and 100B available.

My hesitation on this has always been (and I missed out on some significant gains as a result) that people compare this coin to Bitcoin which has an extremely limited supply and feel that it's extremely under valued (sub $1) and does things better (speed, cost, tech, etc.) so it's "bound to break-out"

Curious as to what you are watching for to enter a position and what targets if any you have?

Mostwanted

12-18-2017, 04:03 PM

Thought so LOL!

SilverRex

12-19-2017, 09:47 AM

SilverRex How do you feel about Ripple having some 39B coins in circulation and 100B available.

My hesitation on this has always been (and I missed out on some significant gains as a result) that people compare this coin to Bitcoin which has an extremely limited supply and feel that it's extremely under valued (sub $1) and does things better (speed, cost, tech, etc.) so it's "bound to break-out"

Curious as to what you are watching for to enter a position and what targets if any you have?

I am mostly a technical trader. Although when I first looked at Ripple the prospect intrigues me. I dont have much to say about it other than the main reason for me to take a speculation position on it is for it to be a counter BTC crypto. ITs traceable, bank adaptation and extremely fast transaction speed. Some folks I know who also holds Ripple are saying Ripple is worth 4-6 dollars just having the bank use it, and this hasnt even factored in all the other asset and investment.

Technically speaking when all the major crypto was breaking out, Ripple was still stuck in a range and appears to be consolidating, to me this is a divergence which I like.

SilverRex

12-19-2017, 10:00 AM

ipt.v (impact silver)

one of my smaller silver miners. picked up 2 position average 0.275

looks like a major bottom is in

https://s14.postimg.org/dz81dina9/ipt_12-19-2017.png

SilverRex

12-19-2017, 10:08 AM

Sil.v (Silvercrest Metal)

this one was fun back in 2016 when I got in at 0.90 and sold around 1.75 only to have sold too soon as it went over 4.00. like all other silver miners I think the bottom is in. Got back in at 1.38 when it broke out of the declining wedge channel. we will see if this is a sign for further upside in the coming months for the rest of the sector

https://s14.postimg.org/9h5qkyp3l/sil_12-19-2017.png

SilverRex

12-19-2017, 10:19 AM

mux.to

I added to my core position when it hit 2.39, can you see all the same patterns in the mining sector? all appears to be finishing or have finished their wave (C) low. I expect some major moves to the upside in the coming months

https://s14.postimg.org/5oqtjb6sh/mux_12-19-2017.png

zhao

12-19-2017, 10:21 AM

Hs. It's been going up and down between 14-16.5 but spiked to 18 plus today so I sold and instantly put in a bid at 15 (might revise that to 16 cuz I like this stock) so im hoping it trades down to that this week for re-entry. If not no biggie, I'll take the 2x.x% profit this month and move on.

ickyflex

12-19-2017, 10:26 AM

BTL at $16.50... unreal

Chandler_Racing

12-19-2017, 12:24 PM

I am mostly a technical trader. Although when I first looked at Ripple the prospect intrigues me. I dont have much to say about it other than the main reason for me to take a speculation position on it is for it to be a counter BTC crypto. ITs traceable, bank adaptation and extremely fast transaction speed. Some folks I know who also holds Ripple are saying Ripple is worth 4-6 dollars just having the bank use it, and this hasnt even factored in all the other asset and investment.

Technically speaking when all the major crypto was breaking out, Ripple was still stuck in a range and appears to be consolidating, to me this is a divergence which I like.

Thanks, I have entered into a position $.72 we will see how it does.

Also bought some TRON and ADA interested to hear your views on them should you have some time. TRON is a long shot but it's all bitcoin profit so will see how it goes. ADA is interesting for it's ability to scale.

To be honest feels like I'm buying in at a top. But it seems time in the market is more important than timing the market as they break out and you miss them.

KappaSigma

12-19-2017, 12:49 PM

Lithium x energy to be purchased for cash 2.61 share. If approved believe closes feb 2018. If closes its about 5% gain for holding for 2 months.

OTown

12-19-2017, 11:20 PM

BTL at $16.50... unreal

Doubled my money and sold my position. Needed the cash or I would have kept it. Seems like a great company though.

SilverRex

12-20-2017, 10:05 AM

bte has hit the 61% retracement level. a small bounce today looks promising. If it can produce a swing low by taking out 2.83 then we may have a turn

SilverRex

12-20-2017, 10:36 AM

Gold

Gold has finally put in 5 waves off the low and so has GDX. At this point, gold is very near some major resistance area. This is where bears will make a major line to defend themselves. Any metal shorts will look at the 1270-1273 being a very straight forward area to go short as this could be a backtest from the previous channel breakdown. So worse case gold is not out of the woods and could make a new low from here and truly make the final back test of the multi year trendline near 1200-1210 (the last low only got down to 1238, while both COT and cycles do now support it is possible we have just witness gold's intermediate degree low at 1238, it can however make this under cut low to trap shorts.

Personally after seeing 5 waves up I want to see a 3 wave pull back back down to the 1250 area denoted in #1 on this chart then a major thrust above 1270. And of course the uber bullish scenario which I have seen can happen in the past is that we had a shallow wave 2 and wave 3 is beginning and would just punch right thru 1270 and even 1300. This may require some sort of black swan event, collapse of bitcoin who knows.

https://s14.postimg.org/w69msh5xd/gold_12-20-2017.png

riander5

12-20-2017, 12:09 PM

Havent you been bullish on gold for like 3 years and its just in a sideways pattern

SilverRex

12-20-2017, 12:21 PM

Havent you been bullish on gold for like 3 years and its just in a sideways pattern

a little over 2 years since getting back into trading. I have LT position as well as short term play. my LT position is bullish on gold yes, this takes a lot of patience. for short term, I took my profit when gold hit 1350. waiting for the the re-entry which I have got back in early in December as well as adding to my core holdings. You may feel I am for ever bullish because I do not go short when I expect gold to fall. you only ever hear me when I see a good bullish setup.

If you feel gold has gone no where and been moving sideways, this is actually a great sign because most will agree with you, the most unloved sector. Even with such a strong showing in 2016, sentiment has gone back being negative again.

Despite gold moving sideways, here are my current holdings for all my metal plays the only one in big red is my natgas play but I have such a small position size I am just going to leave it alone, I sold 2/3 of my position when natgas was still above 3.00 knowing it is volatile as hell and could open up the 2.5 area, now I am reloading again for another shot.

Sil.v +27%
Ipt.v +21%
USA.to +15.52% (my core position is +62%, I actually added more to it thus lowering my profit)
Jnug +27%
Gpr.to +41%
Fcx +27%
mux.to -4.7%

other things I have is Ripple at 0.20 and a MJ stock +21%, those who even care, if you noticed I have gone away from AUY and KGC. If the next move in gold is happening I actually want to be in the silver miners instead.

I dont only trade the metal sectors. I also made money on bte/meg (exited too soon) Pony got out at +10% when it was technically damaged. GASL was a wash, Hive made some coin from the 3-4 move and decided to exit because I think the silver miners were more attractive.

zhao

12-20-2017, 08:07 PM

interesting day in the penny stocks for what i was watching, but not much for upward movements. MMJ had a decent swing. i didn't buy in to it, but bought another almost totally unknown stock NF. I like the volume on NF, and I really liked the 7.5 million share barrier at 13 cents, so i bought about 6g worth at 13.5. it fluctuated between that and 14 cents all day, and traded over 8 figures in shares, so pretty good volume. we'll see what this does over the holidays.

HS also went down like i thought it would, and i was tempted to buy back in at 16, but I'm going to play wait and see what tomorrow brings. if it breaks below 15 cents i'll likely free up funds and dump a fair bit in to it.

i'm not expecting anything crazy to happen with any of these crap stocks until the new year. Any good news they have brewing is rarely wasted on getting announced before christmas only to have the holidays destroy the momentum that good news could have created. January might be an interesting month.

Finally some decent upward movement on pony. AECO pricing broke $2, and we have a very cold weather forecast, so i expect this to have a good chance to trend up now. I probably shoulda doubled down again on my double down, but right now i'm playing 'any day now' with most of my stocks on seeing which one pops first so no spare funds. Pony being pony could still go down as it seems to be off people's radar. it was super delayed on the NG rally that other NG companies saw this week.

TV keeps testing 1.44 but wont break past. Zinc stockpiles broke below 190000, but the drawdown is somewhat interesting. canceled warrants aren't changing and that is probably why zinc is just in hover mode and not breaking in to a new 5 year high. any day now on this thing from this point is my opinion. Very unlikely there is any hugely bad news in the zinc world from this point on. I believe the last holdout of analysts changed thier target price to be in the $2+ club for this thing, but like i said in summer, i didn't want to hold it past winter and wanted to move in to precious metals around this point. MUX rebounding looks like that was a sound strategy so far, but i think its a bit too soon for MUX to start a long term upward trend (aren't they still basically in between mines?).

SilverRex

12-21-2017, 08:12 AM

Ripple

as expected, after a week long consolidation, ripple ripped higher. it has now moved up 450% in less than 2 weeks. the breakout above 0.30 was indeed a massive signal. Is this a 5th wave top? or are we entering multiple 5 wave extension. you would think after consolidating for 6 month, the breakout would last longer than 2 weeks. I guess we just have to use the old approach, trend is your friend until it bends.

https://s14.postimg.org/sewdv90rl/Ripple_12-21-2017.png

SilverRex

12-21-2017, 10:02 AM

both Pony and Bte has produced swing lows. Pony actually did it yesterday. Possible turn and low being in.

RX_EVOLV

12-21-2017, 10:24 AM

I'm starting to get sucked into the hype and want to throw a few Ks into Cryto... how does it go about investing in them?

RawB8figure

12-21-2017, 10:29 AM

a little over 2 years since getting back into trading. I have LT position as well as short term play. my LT position is bullish on gold yes, this takes a lot of patience. for short term, I took my profit when gold hit 1350. waiting for the the re-entry which I have got back in early in December as well as adding to my core holdings. You may feel I am for ever bullish because I do not go short when I expect gold to fall. you only ever hear me when I see a good bullish setup.

If you feel gold has gone no where and been moving sideways, this is actually a great sign because most will agree with you, the most unloved sector. Even with such a strong showing in 2016, sentiment has gone back being negative again.

Despite gold moving sideways, here are my current holdings for all my metal plays the only one in big red is my natgas play but I have such a small position size I am just going to leave it alone, I sold 2/3 of my position when natgas was still above 3.00 knowing it is volatile as hell and could open up the 2.5 area, now I am reloading again for another shot.

Sil.v +27%
Ipt.v +21%
USA.to +15.52% (my core position is +62%, I actually added more to it thus lowering my profit)
Jnug +27%
Gpr.to +41%
Fcx +27%
mux.to -4.7%

other things I have is Ripple at 0.20 and a MJ stock +21%, those who even care, if you noticed I have gone away from AUY and KGC. If the next move in gold is happening I actually want to be in the silver miners instead.

I dont only trade the metal sectors. I also made money on bte/meg (exited too soon) Pony got out at +10% when it was technically damaged. GASL was a wash, Hive made some coin from the 3-4 move and decided to exit because I think the silver miners were more attractive.

Which pot stock and block chain stocks are you investing in today?

spike98

12-21-2017, 10:33 AM

SilverRex

Thoughts on CBW? Interesting model.

https://finance.yahoo.com/quote/CBW.V?p=CBW.V

SilverRex

12-21-2017, 10:42 AM

SilverRex

Thoughts on CBW? Interesting model.

https://finance.yahoo.com/quote/CBW.V?p=CBW.V

just from a simple look at the charting, strong volume breakout after multi month consolidation. looks bullish to me. as long as it doesnt break below 1.18 I would hold for the eventual breakout over 2.00

kenny

12-21-2017, 11:00 AM

Throwing this here with all the crypto talk :rofl:

https://gizmodo.com/iced-tea-makers-stock-price-triples-after-adding-blockc-1821499600

JfuckinC

12-21-2017, 11:11 AM

Anyone feeling good off Namaste?

spike98

12-21-2017, 11:41 AM

Anyone feeling good off Namaste?

I took a small position today. Should have got in a week ago when i first was looking at an entry.

JfuckinC

12-21-2017, 11:47 AM

I took a small position today. Should have got in a week ago when i first was looking at an entry.

My roomate had a large position a week or so ago but sold it to move on something else, he's a bit sad haha.. I have a small bit i got in last week. I'm still learning how to do this, wish i had put more into it! But that's what everyone says haha.

KappaSigma

12-21-2017, 05:38 PM

BTL has pulled back last few days - anyone buying a position?

zhao

12-21-2017, 06:34 PM

BTL has pulled back last few days - anyone buying a position?

Nope, after watching it all day, its actually quite scary. up to 19.50? and then down to 12 in a week. It did exactly what i figured dope stocks would do when they shot up like crazy for no real reason, except dope stocks stayed high lol. It'll rebound after it stops falling, but when will it stop falling? who knows. See, today it leveled out and rebounded a bit, and i think that tricked a lot of people (one of my friends got in on one of those rebounds, and GTFO 5-10 minutes later only making $20, but avoiding losing thousands lol) because a hour later it continued its crash again, and it did that more than once.

Its your money though and anyone's guess. risk vs reward and all that... certainly a lot of risk there, and certainly potential for some reward if you luck out with hte timing...... just too risky for my blood for the potential reward, and then some.

my buying strategy is more to not try and catch a falling knife like BTL, but to try and find stuff that is kinda stagnating and seems undervalued with the potential to go up soon.

OTown

12-21-2017, 11:01 PM

Nope, after watching it all day, its actually quite scary. up to 19.50? and then down to 12 in a week. It did exactly what i figured dope stocks would do when they shot up like crazy for no real reason, except dope stocks stayed high lol. It'll rebound after it stops falling, but when will it stop falling? who knows. See, today it leveled out and rebounded a bit, and i think that tricked a lot of people (one of my friends got in on one of those rebounds, and GTFO 5-10 minutes later only making $20, but avoiding losing thousands lol) because a hour later it continued its crash again, and it did that more than once.

Its your money though and anyone's guess. risk vs reward and all that... certainly a lot of risk there, and certainly potential for some reward if you luck out with hte timing...... just too risky for my blood for the potential reward, and then some.

my buying strategy is more to not try and catch a falling knife like BTL, but to try and find stuff that is kinda stagnating and seems undervalued with the potential to go up soon.

I sold my BTL a few days ago at 18 and I am glad. These swings are unreal, and usually have no news or basis behind it.

zhao

12-21-2017, 11:53 PM

I sold my BTL a few days ago at 18 and I am glad. These swings are unreal, and usually have no news or basis behind it.

ya, one of my friends was looking at buying in the low $4 range in oct after it broke out of the 3s, but it went deep in to the $5.xx range too fast for him to move money around and buy (I believe it went from 3.xx to 4.xx to 5.xx in a 2 day period), and we agreed we missed that boat and its run up was probably done. then it went to 6. then 7... and since then we've been msging back and forth 'FUCK, DONT LOOK AT BTL!!!' lol as every day or 2 it spikes another $1, or $2 on share price lol. super crazy run, but i still can't figure out whats been driving it up and down lately. totall unpredictable which way its going to go every morning, and why it was trading with a bid/ask of 40-50 cents for a spread, and why every time it moved up it was usually by a dollar in a day.

SilverRex

12-22-2017, 08:30 AM

Nice crypto crash today. had I made a comment on it I would have suggested that when CME came on board this week, they would want to push BTC to a slightly new high (trapping all the longs) then crash the market / short. Here we are bitcoin losing nearly 50% in a span of just a few days. I am sure crypto is far from being dead. so it will be interesting to see how low she goes and where opportunity lies. Ripple is obviously impacted as well. which I had been expecting as a scenario where it had made a 5th wave top. will see where things go after the dust settle.

With this crash, money has to go somewhere, and I hope it is into the gold sector. the timing could not be better. Gold is now testing the all important 1270 area. if we see some sort of impulsive breakout north of here, it would be pretty strong sign a big move in gold may be under way. Again, count wise, gold has already made 5 waves off the low at 1238, however one can argue it may have had a shallow wave 2, so a strong breakout move here is completely not out of the question.

SilverRex

12-22-2017, 09:47 AM

bought a small position in LTC under 200

Chandler_Racing

12-23-2017, 01:42 PM

Was an early black Friday sale. Entered into positions @ 21, 19, 17, 15 and 13 for Bitcoin.

Also loaded up on Ripple at the bottom which will do well.

As with every "crash" it will test the ATH's in no time. Back up to $20k +/- now. Highly doubt we will see capital leave to gold, that's where money goes to die.

zhao

12-23-2017, 11:59 PM

Looking at it for the emotional/psychological side of investing: I dont see many crypto currency investors running to gold. Those 2 things share almost nothing in common, except for a couple things. They could be viewed as forms of currency and both have been very strong with hypetrain/bandwagon jumpers before. And I do see a significant portion of crypto investors as bandwagon jumpers, so they could go to gold someday...... but they're not likely to go to gold unless its already had its runup and everyone and their dog has made some money off gold already. crypto investors are also investors that are fine with lots of risk.... or dont see the risk, so IMO gold is not a fit for them because gold is boring. I'd say if they're leaving cryptocurrencies they're likely to jump in to MJ as MJ hasn't crashed yet and seems to be getting steam from god knows where, or they may jump in to microcap blockchain stocks if they're looking to get in somewhere at ground zero again since that is somewhat related to what they've already invested in.

IMO if new money is going to be injected in to gold and other precious metal stocks, I would look to base metals investors. Base metals has been hot all year, and i think a good chunk of people stick with what they know for investing in, so when base metals starts to run out of steam i think you'll see precious metals start to take off. But right now base metal prices are at highs, so I dont think the money will leave base metals just yet (even though I am sure some has already from sure bordom).

SilverRex

12-27-2017, 11:34 AM

My Jnug up 43%, looks like miners is quite extended and need to pull back as gold is up and miners cant sustain. taking my profit here. will buy back lower

SilverRex

12-27-2017, 12:26 PM

entering bte at 2.92 with stop under 2.86

tcon

12-27-2017, 09:59 PM

I took a small position today. Should have got in a week ago when i first was looking at an entry.

I had gotten in under 90c and sold out two weeks ago when it was up around 1.30$, kept waiting for a pull back but it kept edging up, now Im kicking myself. 3.80$ wtf

JfuckinC

12-28-2017, 09:07 AM

I had gotten in under 90c and sold out two weeks ago when it was up around 1.30$, kept waiting for a pull back but it kept edging up, now Im kicking myself. 3.80$ wtf

4.30+ today, I kept trying to wait too lol :facepalm: I have a little bit at 1.20 but shoulda had more

JfuckinC

12-28-2017, 10:13 AM

It just crashed hard lol

http://iiroc.mediaroom.com/index.php?s=2429&item=151310

Bet some people made a good few bucks before that happened though. I Don’t even know what it means...

civicHB

12-28-2017, 10:14 AM

entering bte at 2.92 with stop under 2.86

do you have the wrong amounts? isn't BTE at $3.72?
edit - nevermind - US$

SilverRex

12-28-2017, 02:42 PM

Natgas looking strong once again, bouncing off the 2.55 area which was the perfect support area to do so. My double down in this area is looking good so far.

Ripple looking great as well being up, even with BTC/ETH/LTC all having a down day. Still holding my 0.20 position, it will be very difficult to not pull the trigger and exit the more she climbs.

oil, nothing new here, been calling for 60+ oil for months. I did get back into bte as a small energy play but im not going to be overexposed as the coming months will be strong in the gold sector that remains my focus. always has

MJ stock is fantastic, trend is your friend until it bends. what can I say, if you are a day trader, just count the waves. 5 up and 3 down. rinse and repeat. my lone MJ stock is up about 60%, planning to take my original investment off the table once it doubles.

Sil.v +36%
Ipt.v +28%
USA.to +17% (my core position is +65%, I actually added more to it thus lowering my profit)
Jnug +43% (SOLD)
Gpr.to +43%
Fcx +39%
mux.to -3%
bte.to +1.6%
Ripple +525%
MJ stock +60%
Ugaz -8%

zhao

12-28-2017, 03:52 PM

That shitty mj stock (nf on the tsx) I mentioned a bought a week or 2 ago just popped off today. Doubled my money selling at 0.27 It went up a bit more, fell, then went back up a bit more so pretty happy with that exit. If people take profit tomorrow I'll rebuy in.

Only one regret yesterday I was thinking of doubling down but I didn't think it would move until next week.

My block chain hs went up too, good upward movement on that. If nf leaves me behind I'll probably double down on hs. I see a real company there not just smoke like mj

Pony is loving the cold, good upward movement there, should break $3 imo, but I may sell tomorrow or Monday since it will stay cold only until Monday.

Tv zinc has now almost broken 1.50 again. Supply still down. Just playing a waiting game now.

SilverRex

12-28-2017, 05:18 PM

bitcoin chasers

it is very possible the correction in crypto aint finished. after a sharp 5 wave sell off, the bounce so far looks corrective (3 waves) which means we could still witness a wave C down under 10k. those waiting to re-position or getting in just be alittle more patient. Keep plenty of ammo in case lower prices are ahead. If the low is in the bullish alt count requires bitcoin to get back above 16k and remain above this area to gain any technical advantage.

https://s13.postimg.org/uzm79rh53/btc_12-28-2017.png

max_boost

12-28-2017, 05:19 PM

Love MJ. So good. Puts a mega smile on my face everyday

Chandler_Racing

12-28-2017, 08:46 PM

Silver looks to me like $15,100USD with turn resistance into support.

I would like for a chance to buy in the 10k range but I don't think it's going to happen.

zhao

12-28-2017, 09:47 PM

MJ is a huge bubble though. I just got tired of playing the market with stuff that the financials made sense that wasn't going anywhere while these garbage stocks that have zero company profit, almost no sales, and minor potential were skyrocketing the likes of which we haven't seen since the dot com boom. MJ in canada is not a 50-100 billion dollar industry yet these stocks combined market cap are acting like it is.

as far as MJ my theory on a pattern is this: These stocks have been popping off in order of big boys to little. weed was first, and then aph, but acb lagged hard...... then acb went ape shit. then it ping ponged around the big 3 a bit as they went up. Then the next tier started popping off, shit like DOJA which is basically a shitty industrial bay in BC that is smaller than the shop i work at, and then next it was stuff like MMJ... now we're in to the real dog shit stocks for price, like NF popping off.

But if you want a real piece of shit stock that is a money maker... My brother told me about LTX last week. I looked at it and was like LOL...... wtf is this shit. Today it went up 1000% or so. I have no idea where he is finding these garbage stocks that explode big but i think the next crazy stock he tells me about i'm not even going to do due diligence on, i'm just going to fire 5g at it and see what happens. so far he's been right about every hype market stock to date.

jacky4566

12-28-2017, 10:24 PM

But if you want a real piece of shit stock that is a money maker... My brother told me about LTX last week. I looked at it and was like LOL...... wtf is this shit. Today it went up 1000% or so. I have no idea where he is finding these garbage stocks that explode big but i think the next crazy stock he tells me about i'm not even going to do due diligence on, i'm just going to fire 5g at it and see what happens. so far he's been right about every hype market stock to date.

And share it with us too? Gotta share that beyond baller status :P

zhao

12-28-2017, 11:06 PM

i would, i dont mind announcing my future failures/successes lol; I shared his NF recommendation recently figuring that might see a dollar at some point after doing my DD but i gtfo at .27 thinking it might of went up too much today

but omfg buyer beware x10000000 on these garbage stocks he keeps telling me about :D. I wouldn't risk a penny you can't afford to flush down the toilet.

tcon

12-29-2017, 05:39 AM

danno

12-29-2017, 12:38 PM

does anyone use bitstamp, i've been pending for over a week. how long has it taken??
i've been trying to buy ripple since it was .76, i'm missing out. haha

max_boost

12-29-2017, 01:22 PM

The MJ swings today. Cray!

SilverRex

12-29-2017, 02:02 PM

Ripple up another 44% today. 825% since Dec 8th. Now I regret not putting all my eggs in one basket lol

edit: it says Ripple has now surpassed Ethereum as the second most valuable crypto and one of the reason for the recent surge is 3 big credit card company in Japan have signed up using Ripple.

“2017 has been the year of the digital asset, and XRP has clearly outperformed every other digital asset,” Brad Garlinghouse, Ripple’s chief executive, told the Financial Times. “The reason for that is that the market has realised that XRP is a highly efficient payments mechanism that is solving real world problems for real world customers with real money.”

He said that “people are increasingly realising that bitcoin is not going to be a panacea for all these payments problems that people imagined it would solve”. He added: “Payments with XRP settle in a few seconds, but if you buy a cup of coffee with bitcoin it will be cold by the time the payment has been settled.”

JustinL

12-29-2017, 02:59 PM

The MJ swings today. Cray!

Yeah a big drop then a stop trade across the industry. I took a swing at Canopy when it was down.

CompletelyNumb

12-29-2017, 03:51 PM

does anyone use bitstamp, i've been pending for over a week. how long has it taken??
i've been trying to buy ripple since it was .76, i'm missing out. haha

Buy bitcoins on LocalBitcoins, transfer to Binance, buy Ripple.

I wish I would have put more in, I spread my crypto evenly between IOTA and Ripple this month.

SilverRex

12-29-2017, 09:22 PM

Ripple keeps on tracking. Hit as high as 2.37, now 1085% in 3 weeks.

zhao

12-30-2017, 01:09 AM

TV is is making good steady progress upward in line with zinc again. I figure zinc will likely hit a new 52week high next week, and TV might jump in to the 1.6x's at that news. either way its a pretty safe stock to be in for 2018 given that we've now had months of no hidden inventories popping up on hte market for zinc supply, and a drawdown that is still leading to stockpiles running out by summer at this rate.

I almost dumped half of my pony today, and i'll probably dump half of it tuesday and take my 'profit' from doubling down if it doesn't have a green day and move it in to something else. If that stock can't rebound with the cold spell and good aeco prices we are currently at, i dont want to hold much of it.

As for my risky stuff:

blgv. last night I was looking for the next NF, and i found this. I was trying to buy it at market open today at 13 cents, but it started tracking up too fast with no one selling and i didn't feel like doing a market buy on it, but this is probably another good potential dogshit stock that will pop off next. I haven't done much looking in to it but its basically a stock designed to take advantage of hype, being an old mining company that turned itself in to a blockchain marajuana company (lol). I dont think its a bad buy at 15/16 cents as long as there is hype for MJ, and will probably be the one of hte next stops where the MJ speculator money goes to pop it off.

But since that went up and i think its really just a pump/hype and dump stock, a friend and I felt like gambling today with something that at least has a decent story behind it as to why it will probably double/triple+.

HS hit 0.225 today, fell, went back up, fell. I resisted taking quick profits at 21.5/22 and held what i had, and after seeing it settle in the 18.5/19 range I tripled down on it before lunch at 0.185 today with 100k shares, and my friend went in big after me with 400k at 0.185 also. I think there is some good potential in this company that is a real company with a solid plan that combined with a hyped sector should be set to take off. I figure this thing could pop off as early as next week and will be surprised if something doesn't happen in january, but as with these penny stocks there are huge risks. I'm also thinking if it remains in the teens next week, i may buy another 100k or 200k of it. People are waiting for some news to be released and the speculation is it could hit .30 cents to .50 cents. I think its also timed right with MJ profit takers as well as tax loss sellers looking for the next place to park their money in something risky.

zhao

12-30-2017, 01:17 AM

I heard the BC black market for weed was around a 7bn dollar industry. Now think canada wide. And international legalization will be on the horizon. These companies are pioneering a brand new industry and it's going to be bigger than anyone expects IMO

Possibly, but that isn't guaranteed, or going to happen tomorrow, and by the time that happens there will be other fish jumping in to the pond. Plus dont assume everyone will start buying legal MJ overnight; people are going to grow their own, some will still buy it from shady places if its cheaper.

Also remember when you pull a number from bc, that BC is basically the pot capital of north america. There is so much there its retarded. Also remember that the market value of the tobacco industry in canada is just over 15 billion dollars.

If the US legalizes it, I would agree there is some good potential for export..... but that will probably not happen until a democrat is in power, and so that wont happen for awhile.

SilverRex

01-01-2018, 09:24 PM

Happy New Year and 2018 first post is Gold

I believe the expected ABC down is completed. While it never got down to the low 1200 area and truly backtest the trendline breakout line 1238 by definition is good enough for me. Big picture if you look at the monthly chart, it is close enough. A clear breakout of the multi year down trendline follow by a back test. I believe this year is the year gold will finally make a significant upside move. I see at least 1600 based on the typical price rounded bottom Gold has been consolidating for such a long time. We are now in buy the dips mode.

Gold also produced a monthly swing low.

https://s13.postimg.org/gi9o9hlqf/gold_01-01-2018.png

SilverRex

01-01-2018, 09:30 PM

Zooming in, if gold was ready to make new lows, it would have been rejected in the 1270 area. not only did it got thru this area clearly, it has also broke the previous two swing peak. this is an impulsive move. So if you have any holdings in this sector, it is now time to just HODL.

https://s13.postimg.org/rhuvlau7r/gold_01-01-2018_B.png

SilverRex

01-01-2018, 09:38 PM

SilverRex

01-01-2018, 09:50 PM

Bte

So bte has finally falling below 2.9 and has imo made it's full retracement with the 61% sitting around 2.73, the ideal scenario next week is to see buying pickup with a good bounce off the 2.73 area to end this correction. If bte falls further and continously holds below 2.7, it would be concerning. while wave 2 can reach down as far as the 78% in the 2.54 area perhaps giving it one last back test of the previous channel breakout. I do not prefer this count as it becomes too steep. Even if there is a strong bounce, I would caution the medium term outlook. For now, I remain bullish on the energy sector as it completes its 1-2, 1-2. wave (iii) will be fun to watch

https://s17.postimg.org/h34f9lhm7/bte_12-16-2017.png

Few weeks ago I was expecting if BTE was to bottom it needs to bounce off the 2.73 area and not fall below 2.70, it not only did just that but also pushed higher what looks like a sub wave 3. For the time being I have also taking up a position and I do want to see it make one more wave higher to feel more confident the wave (c) of (ii) is in.

https://s13.postimg.org/ailx5zduf/bte_01-01-2018.png

SilverRex

01-02-2018, 09:39 AM

sold all my UGAZ this morning and turned a profit. considering how volatile natgas has been in the last few months I am surprised it all came out in the green.

also sold half of my one and only MJ stock after reaching +95% gain to recover my original investment will now let the rest ride and see how the legalization of this stuff in 2018 will do.

flipstah

01-02-2018, 11:22 AM

Hm... What weed stocks should be on my radar? Any recommendations? I'm n00b on weed stocks.

I found:
LXX
Choom Holdings?

Disoblige

01-02-2018, 11:27 AM

I believe this year is the year gold will finally make a significant upside move. I see at least 1600 based on the typical price rounded bottom Gold has been consolidating for such a long time.
Bold statement. Would love to see this play through :)

spike98

01-02-2018, 01:05 PM

Hm... What weed stocks should be on my radar? Any recommendations? I'm n00b on weed stocks.

I found:
LXX
Choom Holdings?

I have significant positions in ACB.TO and N.CN. Took a wildcard swing at CBW.VN that is paying off quite nicely.

IMO WEED.TO, APH.TO. and ACB.TO are going to be the top three coming into legalization.

max_boost

01-02-2018, 01:34 PM

ACB! :love: :love:

dirtsniffer

01-02-2018, 02:00 PM

combine the three and buy hmmj.

zhao

01-02-2018, 04:01 PM

I posted before about hmmj being a terrible buy compared to randomly buying any weed stock. The math still says anyone going hmmj made a very poor decision over randomly picking any dope stock that's even casually been mentioned. Hmmj doubled since June while most dope stocks quadrupled or at least tripled. Some 10x increase.

My pick right this moment is nf. If you asked me before lunch it would have been mmj. Nf is the only stock that didn't move today. I'd expect it to go up tomorrow or the day after.

I would avoid doja, my DD on that says it's a guy who owned a coffee shop who now owns a coffee shop and a shed full of plants, plus a dictionary of buzz words.

Imo mj is in the top risky it's not worth it category for the big boys.

Blgv is another I'd look in to, shitty ex mining company going hype with blockchain and mj in their profile. Decent movement today, probably a increase in the morning followed by pull back or stagnation tomorrow followed by decent movement in the distant future again is my theory.

I personally think blockchain is where money is going now. I sold half ofpony today and went in bigger with hs today at 18.5 again. It closed at 21.5 so pretty decent day. I'm now strongly considering buying 200k more shares later this week. The more DD I do on the company the more I like it's outlook.

There are other decent blockchain company's (not tied to cryptocurrency) that I'd look at also

flipstah

01-02-2018, 05:07 PM

lol DOJA. The Starbucks of cannabis.

EDIT: There's a Tokyo Smoke in Calgary. I might check it out.

max_boost

01-02-2018, 05:35 PM

A guy I know is +1490.78% on ACB lol 9000 shares $0.73 to $11.69 (Yes i know it closed at 11.82 but his screen shot was 11.69)

BOSS MODE.

zhao

01-03-2018, 12:06 AM

I know someone who bought $5000 of mmj at 3 cents, and its at 61 cents and is still holding it. Now that's gambling on a long shot lol.

I also do not have the ability to hold out that long, especially through the ups and downs. I've been scarred by not GTFOing after a stock stagnated and then plummeted before, so I tend to pull the GTFO trigger after I feel it was severely overbought, or it starts to stagnate. I have too many historical examples floating in my brain of stuff that was rocketing in to outer space that crashed and burned very quickly when shit hit the fan.

We'll see how long I can hold HS for if it starts moving up. I think this will be a very interesting year for a lot of people. I also hope it doesn't hurt TFSA laws, or TFSA grey areas as there are a lot of people who have made a fortune in their TFSAs in the last 6 months on MJ.

SilverRex

01-03-2018, 07:54 AM

A guy I know is +1490.78% on ACB lol 9000 shares $0.73 to $11.69 (Yes i know it closed at 11.82 but his screen shot was 11.69)

BOSS MODE.

grads on him, personally I think one of the hardest rule in trading is finding an exit strategy or letting your winners ride all the way. Most people dont often taste success enough to turn this into a consistent habit. Eample, the MJ stock that I sold for 95% profit, went on to produce another 40% in a single day and now appears to gap up another 15% this morning.

The only big winner I am still holding on closely to my chest is Ripple after picking it up at 0.20, up over 1100%, I do plan on taking profit off the table if it breaks into the high 3s, next major top imo anticipating for 4-5 dollars once the consolidation/correction ends and the next major wave up in crypto begins.

SilverRex

01-03-2018, 08:58 AM

jacky4566

01-03-2018, 09:23 AM

It looks like the Intel news scare has put 5% into my AMD stocks! Only another $0.60 to get in the black.
I do expect AMD to have a good year.

SilverRex

01-03-2018, 09:51 AM

Pony

after it produced a swing low and stopped the bleeding. There is potential for the bottom to be confirmed. I believe we just witnessed 5 sub waves off the low and currently in a wave 2 pull back. I will take a stab here with a position stops under 2.45, if the bottom is in, Pony should find support in the blue box then begin some strong moves to the upside

https://s14.postimg.org/o7zqeq9nl/pony_01-03-2018.png

SilverRex

01-03-2018, 09:59 AM

BTE

took a position at 3.70 when it pull back sub wave 4. according to this count, it looks like BTE wave 3 of 3 has begun

https://s14.postimg.org/6j7zn0xvl/bte_01-03-2018.png

mr2mike

01-03-2018, 11:59 AM

I hope it doesn't hurt TFSA laws, or TFSA grey areas as there are a lot of people who have made a fortune in their TFSAs in the last 6 months on MJ.
Same or I'm not gonna be happy. :bigpimp:

Only 10% of Canadians max out their TFSA's... Think about that figure?!

Disoblige

01-03-2018, 12:06 PM

Same or I'm not gonna be happy. :bigpimp:

Only 10% of Canadians max out their TFSA's... Think about that figure?!
It probably would be pretty easy to prove that you're not using your TFSA to carry a business if you invest in MJ stocks, given the popularity over the last couple years. Plus most of us here are only doing personal trading anyways.

SilverRex

01-03-2018, 12:12 PM

USA.to (American Silver Corp)

those holding this, here is some info to support this investment if you care.

"...Management has basically done what they said/projected. Reserves have been increased by a meaningful amount, and San Rafael is on line as advertised. They project total silver equivalent production next year at 7.75 mil oz. Also project AISC to drop from $10 this year to $3 or less next (due to increases in lead and Zinc production). So I am assuming total production in 2018 at 7mil oz. and an all in sustainable cost of $7. Thus if you assume 7mil oz at $17 = $119mil total revenue. Subtract AISC of $49Mil (7 mil x $7) and that = $70mil. pre tax or about $1.7/share. With some prior write offs, assume 80% to bottom line or $1.36 net. Even at a P/E of 15, that = stock price of $20... No doubt the COT report will take some more time to allow the big boys to clear out shorts at their normal profits, but still a believer in PM's and silver in particular over the next several years...."

this was posted November 2017

mr2mike

01-03-2018, 12:18 PM

It probably would be pretty easy to prove that you're not using your TFSA to carry a business if you invest in MJ stocks, given the popularity over the last couple years. Plus most of us here are only doing personal trading anyways.
True. But I hear Liberals are talking lifetime capping the TFSA contrib room.

Disoblige

01-03-2018, 12:27 PM

True. But I hear Liberals are talking lifetime capping the TFSA contrib room.
If they're trying to limit the amount of (day)trading occurring on the TFSA, they could separate the TFSA like some banks have already done. The difference would be you are capping the contribution amount depending on the type of TFSA. It might be confusing for those who are new to TFSA though and scare them away from putting anything in it.

So you could have a "Savings" TFSA where you can only invest in mutual funds, etc. But they could place a cap on how much you can contribute to the "Trading" TFSA where you have access to the stock market. I could see them doing something like that maybe.

max_boost

01-03-2018, 12:40 PM

I dont rule out MJ stocks have much higher to go this year, but it does feel like it is in some sort of 5th wave topping sequence. My own MJ stock has doubled pretty much over 1 day. Selling all my shares to wait for the dust settles. I am going to now wait for some good re-entry point in this sector, ACB under 9, WEED under 26 and APH under 16

At this point I'll buy the dips. I am a daily user of MJ for the past year and I fkn believe in this shit as my life would be completely ruined without it

Feels so nice as I keep buying and selling and this recent run up has me +6,159.08 (+79.05%) :rofl: This is such unusual territory for me (making money on stocks)