Official Short-term Investments Thread

[SilverRex]

Hive

after enjoying a swing trade from 3-4 dollars last November. the action has been quite lack luster and so far points to a possible 5 wave mid point consolidation that will open up the 1.5-2.00 area. I have since exited and sitting on my hands waiting for a much better entry point. So unless price can break and close above 4.00 which will invalidate this count, I will wait ever so patiently for the blue box

https://s14.postimg.org/k5hw76rqp/hive_01-03-2018.png

[SilverRex]

Gold/Miners

are much needed correction, however what a recover, both looks like a perfect A=C 3 wave correction. Watch out if they make a new high, that would be ultra bullish imo

[Disoblige]

Gold/Miners

are much needed correction, however what a recover, both looks like a perfect A=C 3 wave correction. Watch out if they make a new high, that would be ultra bullish imo
I love FOMC and the FOMC meeting minutes. It presents awesome dip buying opportunities sometimes.
Today was FOMC meeting minutes day.

[BavarianBeast]

These Marijuana stock gains are just insane. Didn’t think you could double your money on HMMJ this quickly.

[max_boost]

These Marijuana stock gains are just insane. Didn’t think you could double your money on HMMJ this quickly.

I have never doubled my money on the same stock TWICE lol :rofl:

Fk it feels so good. Small victories every single fkn day haha

[Disoblige]

Ripple pisses me off. Keeps going up :rofl:

[zhao]

I bought back in to NF today on its pullback. I'm hoping it sees more movement than the big guys, although it might take until the next bit of news they release.

I pulled out of pony early this morning before it bottomed out also. I figured there was a good chance pony would increase in price with the cold weather in the last 2 weeks, and figured it would pull back from the warmer weather this week which is one reason why i exited it with half last week, but I'm still surprised at the 20cent+ fall today.

Its not that I dont think tis going up, but i think there are greener pastures elsewhere for the next couple weeks at least. Me personally, i would buy back in to pony before its next quarterly report, especially if its still in the mid 2s.

[RealJimmyJames]

Buy or sell SJR on the news of Jim shaw's death?

[zhao]

He isn't the current CEO and was only a chairman so a week from now it shouldn't affect anything regardless of what happens tomorrow. I dont think much will happen because its a pretty solid company as far as share prices go and there probably aren't that many people that follow the news so closely as to learn about his death, yet dont look in to what he actually does for the company now and instantly run to their computers to lock in a pre market open sell order.

So if by some chance stock prices fall a lot tomorrow, buy?

[SilverRex]

Gold

ever since I mention how important gold breaking above the 1270-1273 zone (green circle), the rally completely pushed thru the previous apex consolidation (orange). initially the shallow wave 2 has produced I think 3 waves, until gold gives us that 5th wave (higher than 1321.47) some technical counters will remain bearish. True, I see the 1320 being the last place the shorts can take a stand, it is the 61% retracement from the 1357 to 1238 drop. If gold can once and for all break above this, not only will it give another key signal that the rally is for real but also the 5th wave validating the bullish momentum.

so far gold is looking very good to form the support here around the 1308 area, it met the bare minimum for a correction and a reverse head and shoulder pattern (bullish) is being formed. However even if gold drops further today down to retest the apex breakout around 1290 I think it is still healthy. I could not capitalize o the drop yesterday as the miners recovered extremely quick.

https://s14.postimg.org/hqqh657v5/gold_01-04-2018.png

[SilverRex]

Bitcoin / BTC

not much has changed. BTC is in correction mode. the only question is, was the bottom in or that was merely wave (A) down follow by wave (C). I think it is 50/50 that it can go both ways. The immediate bullish implication is to see it push and hold above 16261 that a new advancing phase or cycle has begin next major target is 35k. But until the invalidates the bull count, I still would like to see the lower low scenario. After all I am waiting for hive to make another big drop so another panic crash in crypto currency is what I think many of us is waiting for. I dont and will not trade BTC but it offers a good guide for the rest of the digital currency so if we see sub 1k BTC, there should be plenty of great opportunity to get on board on other digital coins.

https://s14.postimg.org/s3crsb94x/btc_01-04-2018.png

[SilverRex]

Natgas

after exiting Ugaz with a slight profit, I notice natgas has been consolidating or flagging around the 3 dollar area. So I am going to bet we are in some sort of wave 4 with higher price to go. getting back on board this wild beast.

price broke below wave e, taking my small loss, will wait for the 2.80s to try again
edit: back in Ugaz under 65

https://s14.postimg.org/kwb2wcirl/natgas_01-04-2018.png

[SilverRex]

As I said yesterday, MJ stocks looks toppy, and there is the mass dump today. depending on where it lands, its opportunity for entry.

[SilverRex]

started back 1 position in Jnug

[dirtsniffer]

wondering if this is going to be a significant drop in WEED and ACB. guess I will watch over the day.

[SilverRex]

wondering if this is going to be a significant drop in WEED and ACB. guess I will watch over the day.

they all look like it could use one more lower low, then it feels like 5 waves down the bleeding should stop and a short covering or counter trend will begin. Making a good day trading opportunity. I have my own eyes set much lower for risk/reward entry

[roopi]

Cannabis stocks dropped because of the news out of the USA. It's too late for the federal government to step in and regulate at the state level imo. I took the opportunity today to add a couple of companies I didn't own. It might be a little early on the pullback but I feel confident getting in on some of these now.

[BavarianBeast]

Just sold my MJ stocks, but a temporary exit for me. Huge sell off imminent here imo.

[kenny]

Just sold my MJ stocks, but a temporary exit for me. Huge sell off imminent here imo.

Trump messing up another good thing.

[SilverRex]

Cannabis stocks dropped because of the news out of the USA. It's too late for the federal government to step in and regulate at the state level imo. I took the opportunity today to add a couple of companies I didn't own. It might be a little early on the pullback but I feel confident getting in on some of these now.

MJ stocks needed a multi week correction or consolidation anyways. the news was just the trigger for the sell off. it may look like news is the driver but something has to give it room to reset sentiment. let the dust settle and range trade for a while, once it is stable, it will be settle up time again.

[rx7boi]

Ripple

there is a lot of resistance from the yearly, quarterly and monthly pivots around 2.90-2.97. That's it, I am caving, selling 80% of my Ripple and locking in 1270% profit. Will take a chance to buy back lower or enjoy my vacation spending early.

Nice. Still a tidy $2500 profit. You don't think it'll go higher than it already is or it's just a matter of not getting too greedy?

I'm still pretty new to this stuff, you guys are awesome haha.

When you guys sell your crypto, what are you buying back into in order to cash out or is there a way to just convert XRP to USD?

[SilverRex]

Nice. Still a tidy $2500 profit. You don't think it'll go higher than it already is or it's just a matter of not getting too greedy?

I'm still pretty new to this stuff, you guys are awesome haha.

When you guys sell your crypto, what are you buying back into in order to cash out or is there a way to just convert XRP to USD?

the exchange I buy Ripple with does exactly that, converting back to USD. Sure Ripple can just keep going up, next big resistance is probably around 5 dollars. But I feel I made enough and it feels like it is better to lock in my profits and wait for a better setup/opportunity. I went from a nothing with just beer money to a full fledged now well funded account so now I can be more serious about crypto. waiting for the next big setup. I want spread out my allocation as opportunity presents itself. Still waiting for sub 1k BTC to bring everything down further for an attractive entry

[meeiu]

Which exchange do you guys trade crypto on?

[SilverRex]

Which exchange do you guys trade crypto on?

I use kraken.com was able to complete registration and wire money in within like a week give or take.

[RX_EVOLV]

well ACB and WEED recovered quickly... is it worth a gamble now? or it's all chasing? I know NOTHING about this sector but the steep slopes sure are tempting...

[SilverRex]

well ACB and WEED recovered quickly... is it worth a gamble now? or it's all chasing? I know NOTHING about this sector but the steep slopes sure are tempting...

personally I dont like to chase, it hasnt gone down enough for me to consider. Even if I miss the boat I am well positioned with other things I can wait or let this one slip, but if you want to get some skin into the game, you can always buy at any time and make sure you divide up your purchases you can scale in up to 3 positions this way the further down she goes you will increase your exposure thus increasing your risk/reward. No one I know can time the perfect entry (not even myself) although 6 months from now it probably does not matter where you bought your shares (Warren B does this, makes regular purchases thru out the year with the stock pick he trust). ultimate Key is to have a strategy that you can sleep at night so you dont end up feeling depressed the moment it goes red and you have to hold the bag for months. E.g. Hive when it hit a top and now in correction mode for 2+ months.

[SilverRex]

Those waiting or following cryto / BTC

here is a good video on how great the cycle/wave timing is for this stuff.

skip to the 23min part, from what I can tell, we are waiting for the cycle low so opportunity will arise friends. be patient

https://www.youtube.com/watch?time_continue=1727&v=LTPvx6UD_xE

[max_boost]

ACB came back! lol

[mr2mike]

well ACB and WEED recovered quickly... is it worth a gamble now? or it's all chasing? I know NOTHING about this sector but the steep slopes sure are tempting...
I think you missed the buy in dip this go around.

[Brent.ff]

Which exchange do you guys trade crypto on?

im on binance, but they're not taking new people as they're overwhelmed due to TRON. They also have a strange thing where they take a percent of the coin you're buying as a fee, but only buy and sell in full numbers. So i have like $1.12 of a random coin that i can never get out as i cant sell 0 and wont round up to 1.00.. Guess you can avoid it by buying into BNB as your fee base, and paying fees with BNB but i didn't go that route

[SilverRex]

Gold

this is my ideal scenario. Will it just breakup already... the suspense is killing me.

https://s14.postimg.org/ilvebk1nl/gold_01-04-2018_B.png

[SilverRex]

Ripple finally puking lost 28% from the top today. will start to scaling in slowly every 20% down she goes from here, bought back 20% first position at 2.4, and setting next limit order in for 2.01 and 1.61

[SilverRex]

Ripple

I am currently suspecting the sharp sell off is just another sub wave iv with wave (v) to come before we see a medium term topping. I will be more confident in this count if Ripple can get back above 3.00

https://s14.postimg.org/y7hrs9woh/ripple_01-04-2018.png

[Kloubek]

I think you missed the buy in dip this go around.


Dipped pretty heavily again. Crazy last few days for weed.

[Chandler_Racing]

^Pretty significant arbitrage opportunities on Ripple.

With that said, on Binance would be pretty surprised if tonight it does not break the $3 water mark over the asia trading session.

Onchain FX has Ripple's market cap > Bitcoin in 2050 (implied) so could represent a market correction cooling off over the longer term.

[zhao]

well ACB and WEED recovered quickly... is it worth a gamble now? or it's all chasing? I know NOTHING about this sector but the steep slopes sure are tempting...

I think do a risk assessment first:

Can you afford to lose half the money (or even all) you are investing without worry?
Will it keep you up at night if it goes down or up?
Do you need this money for something else?
Would you be happier making 10 or 20 or 30% over the next year instead of trying to go for -99% to 100%+ return?

The important thing to know is no one knows whats going to happen in this sector. It's all educated guesswork and gambling. Anyone who 'knew' acb was going to hit 14, or weed was going to hit 34?, or any of the other stocks is lying. If you're not ok with extreme risk, there are lots of other things that can be somewhat safely predicted. If you're ok with risk, its probably not too late to invest in MJ, but right this moment IMO is probably one of the worst times to do it. If you do want to invest in the next few days MMJ has a deal pending soon so might go up a decent amount, and was actually pretty stable today. acb is the company I like of the big 3 the most (aph is meh, and weed is basically old shitty poorly laid out warehouses for their greenhouses. acb is a fresh new purpose built building similar in capacity to weed); I liked them best as a real company that will probably be around in years time. There are a bunch of stocks in the 20 cent range too that haven't really taken off yet. Some will go nowhere, some will pop off, pretty risky but you aren't going to see the big 3 double in price again IMO, unless they fall a lot first. I already pumped NF as my personal pick (cuz i think it has potential to double again from current prices), and it could go up again tomorrow, but i think odds are we are in for another down day at open. The only bright side i see for tomorrow is currently in germany it is trading at 26 cents canadian, while it closed today in canada at 20. Germany follows canadian stocks though IMO with a day delay, but i'm still surprised its 6 cents higher. I'm with silverex; safest to play wait and see right now rather then trying to catch a falling knife.



And in all honesty, 10% a year is great, and 20% is amazing. If you could guarantee me 20% a year forever, I'd sign up today with every penny I could get. I'd be retired in 5 years. looking for a 100% (or 1000%) ROI per annum is not exactly realistic. My opinion is people who play the stock market looking to get rich quick are likely to get burned hard.

[SilverRex]

payroll 148k jobs created vs 190k expected.

Usually news reverses gold's fortunes. We will now see if gold can have an extension 5th wave higher towards the 1340 area or a sell or news effect capping gold 5th wave top at 1325 yesterday

[SilverRex]

Gold

technically gold has made a higher high and if gold cannot make a new high today, the 5 wave top could be in. unless we have an 5th wave extension taking us further towards 1340. If the top is in (yesterdays 1325.8) then gold should in theory head for a wave 2 correction down to back test the 1280-1300 area

We also have a negative divergence which supports the top is in, we will see if gold has the ability to force the MACD to cross and open up again

https://s14.postimg.org/86pom0t4h/gold_01-05-2018.png

[SilverRex]

Natgas

switching to line chart looks a bit cleaner. if Natgas has any chance to break above the heavily laden triple resistance zone around the 3.00 and reach for the upper trading range in the 3.20s, it has to jump today. It has corrected enough for a wave 2. failure to rally strongly either lingering near 2.70 or even breaking down from here would imply it is ready to make yet another attempt in trying to break below 2.55

This is one wild beast that is shaking everyone off for months.

https://s14.postimg.org/vc037kvk1/Natgas_01-05-2018.png

[SilverRex]

Despite Ripple's strong bounce yesterday off 2.35 and onto slightly above 3.00 which was impressive. the bounce is only 3 waves. if 2.5 doesnt hold, Ripple could potentially crash further to test the next major support around 2.0

[SilverRex]

I nearly exited Jnug break even at the open when gold looked like a false breakout, but after checking other currency pairs, I have have some doubts on the USD counter bounce. So I held on. so far gold is trying to make a come back. Also a larger inverse head and shoulder pattern now at play, if gold/miner makes a higher high, this could be the wave 3 of 5 of 5 sequence starting.

edit: Miners cant gain any momentum. the small bounce of late all look corrective to me. I am taking Jnug off the table at break even.

[SilverRex]

Oil

has reached the upper wedge line. So unless it can defy this and breakup opening a new trading range into the 65-70 are now, there is a higher chance it may have topped for the ST and a multi week correction could occur for another back test of the blue box. This may not help energy shares. as bte may look bullish, it has not really breaking out the way I would like to. I got in at bte 3.70 and if price comes back down to this area I will exit my position. it does not feel right when oil is 60+ and bte has not moved into a massive wave 3 surge, could still happen and the pull back today may be the last backtest. so I will set my stop at 3.70 just to be safe.

https://s14.postimg.org/urq4213i9/oil_01-05-2018.png

[SilverRex]

BTC

moment of truth is here, bitcoin over 16000, it needs to breakout and rally, failure to do so and topping here / rolling over will keep the bearish count intact, where this area is a larger wave (B) and (C) down to follow. of course I am bias as I want cheaper crypto now that I have some new funds to play around thanks to Ripple. I will try to believe the cycle/wave suggesting a major low towards end of Feb remains the backdrop.

[Disoblige]

How low can PONY go? (rhetorical question).

[zhao]

How low can PONY go? (rhetorical question).

If it's a day ending in Y pony is going down lol.





Bearish trend to me says 1.8 now since it broke below its old 52 week low

[Disoblige]

Wonder if $2 would be a psychological support there. Was thinking of starting something at $1.99 haha

[KO22]

PONY has big my biggest loss to date, seriously hate the shit out of it. I'll keep holding till it goes back up sometime.. who the f knows when that will be

[SilverRex]

new 52 week low? lets use Meg as comparison since it was in a similar situation last year when it too made a new 52 week low only to rebound strongly.

is there any similarities between the two... sort of. the last under cut low (orange box) was a false bottom. now we are working on a new under cutting move. If the bottom firms up, a chance to back test the previous range neckline? a quick 2-5 rally?

for those holding this still, I certainly hope so.

https://s14.postimg.org/3rq3ik91d/meg_vs_pony.png

[zhao]

PONY has big my biggest loss to date, seriously hate the shit out of it. I'll keep holding till it goes back up sometime.. who the f knows when that will be

Mine too. Lost somewhere between $6-7g with it in my RRSP this year, fortunately only that because i dumped most of it in the high 4s, and I made some off it with my TFSA buying low and selling on a rebound twice (but still lost big). I dont blame the company so much as I blame dual NDP provinces with a liberal federal government and a bunch of anti energy hating provinces between here and newfoundland. That's like the perfect storm of Canada saying fuck you to oil and gas. unfortunately I was banking on it going up this winter, and here we are, where they should be making great profits..... and its at a 52 week low so I dont know when it will rebound to $5+.... probably not until next fall/winter unless a miracle happens?


Wonder if $2 would be a psychological support there. Was thinking of starting something at $1.99 haha

I think if it broke below $2 and held for a day or 2 it would be a psychological barrier broken and we'd rapidly see it move even lower as people would now view it as a 1.xx stock, just as they viewed it as a 2.xx and a 3.xx and a 4.xx stock and a 5.xx as it's fallen over the year. That's why i picked 1.80 for a it may go this low number, but I can't see it going below 1.80, not unless something changes with profitability of the company. I'd be expecting a huge rebound if it hit that too. seems crazy low, but I also didn't think it'd ever break below $3.

[SilverRex]

Gold

technically gold has made a higher high and if gold cannot make a new high today, the 5 wave top could be in. unless we have an 5th wave extension taking us further towards 1340. If the top is in (yesterdays 1325.8) then gold should in theory head for a wave 2 correction down to back test the 1280-1300 area

We also have a negative divergence which supports the top is in, we will see if gold has the ability to force the MACD to cross and open up again

https://s14.postimg.org/86pom0t4h/gold_01-05-2018.png

gold cant garner any momentum despite a good attempt during last week's NFP report. with miners continue to under perform, I am sticking to a need for gold to drop back down to the 1280-1300 area for a half cycle low before the next rally can begin.

[GT.....O?]

I bought back in to NF today on its pullback. I'm hoping it sees more movement than the big guys, although it might take until the next bit of news they release.

I pulled out of pony early this morning before it bottomed out also. I figured there was a good chance pony would increase in price with the cold weather in the last 2 weeks, and figured it would pull back from the warmer weather this week which is one reason why i exited it with half last week, but I'm still surprised at the 20cent+ fall today.

Its not that I dont think tis going up, but i think there are greener pastures elsewhere for the next couple weeks at least. Me personally, i would buy back in to pony before its next quarterly report, especially if its still in the mid 2s.


Picked up some NF on the dip last week off your tip.... thanks! hahaha

[zhao]

I just sold nf, what's that, 50% plus in a week if you bought on Thursday for where it's at now lol. I Bought at 25.5 but still good

It's a very crappy company imo so it might be wise to dump too. Yes, It might break its 52 week high but I'm too scared to hold out for that with how volatile mj is. I'll wait for another dip if there is one.

[AzNxHyDrA]

Picked up some NF on the dip last week off your tip.... thanks! hahaha

Same, thanks zhao :clap:

[Disoblige]

PONY survives staying above 2 today. Keepin' an eye on it this week. I'd love to start a position under $2.

[KappaSigma]

PONY survives staying above 2 today. Keepin' an eye on it this week. I'd love to start a position under $2.


What scares me about an almost pure ng producer is that future curbe of aeco today is 1.30 gj for remainder of 2018 and we are arguably in strongest part of season for curve. Yes they have hedges but if ng doesnt increase, 2019 is a horrible year for CF and market prices stocks on future cfs

[zhao]

glad people made some money off that :D.

what I remember of my DD on pony is its still profitable with a AECO of 1, or at least very low 1.xx. I believe only about 25% of their product was sold at aeco prices. For people holding pony I wouldn't worry too much; someday it should claw back, but its going to be a long wait. Its going to take a change of government or something for people to want to invest there again...... or it to actually hit rock bottom and people to think its on a big upward motion. It is crazy undervalued now imo. its possible we saw a bottom today, but its not interesting enough for me to rebuy. IMO if it dips under $2, preferably in the 1.80 range, that is when i'll rebuy.

My personal opinion is we'll likely have a crash of weed stocks within a year or so, and after that people will look to other stuff, and a lot of what they'll be going in to is more conventional investments. A year is a long time to wait, but what is pony actually worth? $5-6 imo. More if canada ever does a damn thing about trying to export our product. Even if you wait 2-3 years for it to hit $6 again....... thats a damn good return.



Tomorrow I'm watching BLGV. A shitty mining company trying to cash in on MJ and blockchain O_o. It's probably going to spike again soon (I believe the money in MJ is just circling the garbage stocks pumping and dumping them. This is the next likely one I see that hasn't gone up a lot yet, and also has been doing nothing for a week since it finally got noticed. I also think this stock is on a cycle of 1-3 days after something happens with NF it happens with this thing). I figure tomorrow if it falls more it'll be a good buy to hold for the next spike, or its possible it will climb as early as tomorrow which will make for a good in and out asap move. I'm not risking more than 7g on this thing because eventually i'm going to get burnt on one of these junkers. I would hope the next spike moves it in to the 30s again also.

[dandia89]

glad people made some money off that :D.

what I remember of my DD on pony is its still profitable with a AECO of 1, or at least very low 1.xx. I believe only about 25% of their product was sold at aeco prices. For people holding pony I wouldn't worry too much; someday it should claw back, but its going to be a long wait. Its going to take a change of government or something for people to want to invest there again...... or it to actually hit rock bottom and people to think its on a big upward motion. It is crazy undervalued now imo. its possible we saw a bottom today, but its not interesting enough for me to rebuy. IMO if it dips under $2, preferably in the 1.80 range, that is when i'll rebuy.

My personal opinion is we'll likely have a crash of weed stocks within a year or so, and after that people will look to other stuff, and a lot of what they'll be going in to is more conventional investments. A year is a long time to wait, but what is pony actually worth? $5-6 imo. More if canada ever does a damn thing about trying to export our product. Even if you wait 2-3 years for it to hit $6 again....... thats a damn good return.



Tomorrow I'm watching BLGV. A shitty mining company trying to cash in on MJ and blockchain O_o. It's probably going to spike again soon (I believe the money in MJ is just circling the garbage stocks pumping and dumping them. This is the next likely one I see that hasn't gone up a lot yet, and also has been doing nothing for a week since it finally got noticed. I also think this stock is on a cycle of 1-3 days after something happens with NF it happens with this thing). I figure tomorrow if it falls more it'll be a good buy to hold for the next spike, or its possible it will climb as early as tomorrow which will make for a good in and out asap move. I'm not risking more than 7g on this thing because eventually i'm going to get burnt on one of these junkers. I would hope the next spike moves it in to the 30s again also.



I imagine majority of people will get out of weed stocks prior to legalization. I'm newly invested in it (mostly small caps), riding the increases on licensing to extract and sale, but hoping to divest well before legalization and maybe invest into big players. Might be completely wrong, I'm okay to lose ~5-7% of my investment portfolio to weed stocks. It's an interesting time to get in though

[Disoblige]

So, doing a bit more research on BLGV, the Company intends to raise additional funds and has price protection for equity securities by way of a unit offering at CAD $0.05 a unit, which was obtained on December 1, 2017.
It hit 19.5 cents a few times already. Perhaps 19 for first position.

Edit: 7.5 mill volume in 1 hour.

[JfuckinC]

Weed stocks are fucked lol... Bought some HIP last week for .90, then more yesterday for 1.98, today it's 3.11. Only a small amount though cause i have a bunch of money tied up in N, which is at a trading Halt :confused:

[ickyflex]

Weed stocks are fucked lol... Bought some HIP last week for .90, then more yesterday for 1.98, today it's 3.11. Only a small amount though cause i have a bunch of money tied up in N, which is at a trading Halt :confused:

HIP has been nuts haha

[dandia89]

Weed stocks are fucked lol... Bought some HIP last week for .90, then more yesterday for 1.98, today it's 3.11. Only a small amount though cause i have a bunch of money tied up in N, which is at a trading Halt :confused:

still no word when it's gonna unhalt?

[SilverRex]

Gold is coming down finally.

would be ideal to see if fill a gap in around 1301. if it can backtest 1300 or below I will be interested in entering Jnug again.

Natgas can go both ways. I have a position around 2.8, will use 2.77 as my stop. taking a bet that if natgas has some big upside moves, it is working off a 1-2, 1-2 so breaking below 2.77 will invalidate this pattern.

Bte.to doubled up my position with stops below 3.7, it really needs to jump here otherwise if oil cannot hold the 62 area and a bigger correction begins, this will limit energy shares ability to rally in a wave 3 sequence.

Pony. after it breaching below 2.45 and taking out my small position. it has since made new lows as well as another daily swing low. If first you dont succeed, try again. throwing another beer money position in this for fun.

[JustinL]

There seems to be a huge risk appetite in the market right now. Maybe it's everyone who felt they missed out on the Bitcoin craze, but pot stocks seem like a very quickly inflating bubble. The volatility is insane and every day I think "Is it time to get out?" but then it rockets up another 10%. As long as the hype in the public and the media continues to build, I think we're going to see this pattern continue... hopefully not as crazy though. I can't play the swings very well, so I'm just going to ride it out until the spring and reassess.

[Disoblige]

There seems to be a huge risk appetite in the market right now. Maybe it's everyone who felt they missed out on the Bitcoin craze, but pot stocks seem like a very quickly inflating bubble. The volatility is insane and every day I think "Is it time to get out?" but then it rockets up another 10%. As long as the hype in the public and the media continues to build, I think we're going to see this pattern continue... hopefully not as crazy though. I can't play the swings very well, so I'm just going to ride it out until the spring and reassess.
It's all good until it's not (although might not matter much since a lot of people will be in decent profits). Like I have said in another thread, everyone and their mom is trading these days in these and most don't even do any research or give it too much thought other than hope it keeps rising. It's almost as bad as bitcoin, except a lot of people who talk about bitcoin don't even have an account to trade it. Watch some people who are new to trading and only invested in weed get burnt elsewhere later because all they did was win and don't really have much experience on losing.

[SilverRex]

mux.to

using this as an indicator for the sector. Now that gold is finally correcting, would love to see gold find support some where between 1280-1300. and mux looks to having a perfect 5 wave off the low, now also now tracing out a 3 wave ABC correction. My own bias is to see gold make a huge move after the correction is done just like mux and other similar stocks in the mining complex.

gdx/gdxj RSI is also approaching oversold on the daily chart. if the December was a real first leg up rally. It should not stay oversold for long

https://s14.postimg.org/frlv7wsgx/mux_01-09-2018.png

[zhao]

Blgv went down to 20ish and rebounded a bit. I bought in at 21 on the way down. Mj stock are fucked and I'm with you Justin on "this has gotta be the top..., wtf another 10% day for the big guys!?!?". I've been saying that every week for months lol.

Today mj stocks are really wonky too. Lots of suspensions: hvst is another that's been frozen all day. I feel things are heading to a crash sooner rather then later. I also agree gtfo before legalization. Me personally I think enough people are saying that you will want to gtfo way before legalization. I'm basically trading mj as every entry may be the one the crash happens on now.

[Disoblige]

Still waiting for $0.19 on BLGV :rofl:

The market is pricing in that MJ is going to be legal this July. If news comes out that this will be delayed, you better GTFO ASAP because there will be a massive short term dump.

If you guys think this is crazy, just wait until US market progresses. It will make Canada's run look like an appetizer.

[SilverRex]

Still waiting for $0.19 on BLGV :rofl:

The market is pricing in that MJ is going to be legal this July. If news comes out that this will be delayed, you better GTFO ASAP because there will be a massive short term dump.

If you guys think this is crazy, just wait until US market progresses. It will make Canada's run look like an appetizer. I see the Legalization day being the sell signal of all time. buy on rumor and sell on news. this sector I think will continue to get new buyers every day until the process completes.

[JfuckinC]

HIP has been nuts haha

Fuck shoulda sold this morning at 3.15 haha.. It's impossible to tell what to do.

[Disoblige]

On BLGV:


Equity Funding
Funding of blockchain developments and other initiatives will be from working capital including a note receivable, expected warrant exercises, and an additional equity funding. As previously announced on October 17, 2017 the Company, in addition to USD $1.4 million already received, has a receivable promissory note of USD $1.4 Million (approximately CAD $1.75 million) from Cartesian Capital Group-controlled Intercontinental Potash Corp (USA). This amount is due January 8, 2018. In addition to working capital, there are outstanding 20,236,666 warrants exercisable at CAD $0.08 maturing on March 1, 2018. If fully exercised, these in-the-money warrants will provide an additional CAD $1,618,933.

Further, the Company intends to raise additional funds and has price protection for equity securities by way of a unit offering at CAD $0.05 a unit, which was obtained on December 1, 2017. The Company intends to raise up to CAD $4,000,000 by issuing units at a price of CAD $0.05 per unit, each unit consisting of one common share and one common share purchase warrant, each warrant entitling the holder to purchase an additional common share at CAD $0.18 per warrant for a period of one year from the date of issue. The Company expects such financing to be completed no later than January 10, 2018. It is also expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp. (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.

[SilverRex]

natgas

as suspected, natgas has so far rallied off the bottom of the blue box beautifully. I end up having two position now averaging 2.77 which as I mention this morning will be my stop. I hope this new attempt is the real deal, breaking above 3.00 follow by 3.09 and onto 3.20

https://s14.postimg.org/g61fwh81t/natgas_01-09-2018.png

[JfuckinC]

Anyone Invested in Kodak Phot... i mean BlockChain Crypto Currency? haha

[SilverRex]

bte.to

I had a position back in late December during the micro sub wave 4 pull back, after what appears to be a false breakout, price is back in correction. I added one more position in the 3.8s so now averaging 3.77. will be setting my stop below 3.70, price managed to move higher thanks to the 63 dollar oil today. however the action remains weak imo. it could potentially spell another 5 waves down to hit the lower end of the blue box. So it really depends what oil does from here on. if it takes my position out, I will most likely not play this sector any more as I feel there are better opportunities elsewhere.

https://s14.postimg.org/xxd2axv69/bte_01-09-2018.png

[JustinL]

Anyone Invested in Kodak Phot... i mean BlockChain Crypto Currency? haha

Yeah, WTF is this?!

Unrelated note: I'm thinking of starting a company that heats my MJ greenhouses with a crypto currency mining operation. Will probably go public... anyone think I could find investors on the public market? There's no assets and no revenue, but let's not that stand in the way.

[ercchry]

Yeah, WTF is this?!

Unrelated note: I'm thinking of starting a company that heats my MJ greenhouses with a crypto currency mining operation. Will probably go public... anyone think I could find investors on the public market? There's no assets and no revenue, but let's not that stand in the way.

If your burn rate isn’t over $50mm, I don’t want it! :rofl:

[Disoblige]

Fuck BLGV. Didn't want to give me $0.19, so maybe I dodged a bullet there.

[meeiu]

Yeah, WTF is this?!

Unrelated note: I'm thinking of starting a company that heats my MJ greenhouses with a crypto currency mining operation. Will probably go public... anyone think I could find investors on the public market? There's no assets and no revenue, but let's not that stand in the way.

Just make sure your corporation has the words blockchain and MJ and it will sky rocket even with no assets or revenues. :poosie:

[Matty_10]

I got the land, the power and the water to start a grow op anyone want to start a publically traded company with me. You can be a CFO, I call dibs on CEO.

[zhao]

On BLGV:

Ya but that's old news now so shouldn't affect short term share price. if financials made sense or were paid attention to for mj, acb would be worth a dollar, doja 5 cents, nf 3 cents, etc.

Plus that many shares actually isn't a lot based on the volume it does. Today it did 16million volume for example. All this mj stuff is garbage if you do some DD on it.

[zhao]

Fuck BLGV. Didn't want to give me $0.19, so maybe I dodged a bullet there.

Potentially lol. If you'd cry if you lost money dont buy it, cuz the company is :S, but the hype is strong.

[SilverRex]

Gold

this is my ideal scenario. Will it just breakup already... the suspense is killing me.

https://s14.postimg.org/ilvebk1nl/gold_01-04-2018_B.png

with gold suddenly breaking a new high again above 1321, I am now leaning back towards this count which I posted last week. The latest action in gold must been some sort of wave 4 and we should now finish another set of 5 waves towards 1340 or possibly even a false breakout before a larger correction occurs.

[SilverRex]

Hive.to

I have been waiting for hive to puke under 2.80 for many weeks. each time it looked like the breakdown was about to start, it comes back up. Now we have to consider the possibility that this low may not occur. As it is corrected enough in time. It never has to correct in price every time, that is why some times you get shallow correction and the rally continues.

hence I am getting back in with a position here with the possibility that the major low is in and we have a very stretched 1-2, 1-2 that is just waiting to breakout above 4.00. I will be on the safe side and if we still see a puke under 2.8, then I will strengthen my position

https://s14.postimg.org/ve4uwzs29/hive_01-10-2018.png

[SilverRex]

blok.to

trying to diversify my blockchain portfolio here. Blok is another one in a similar correction. Starting position here as well (how many recall when ripple was bouncing around 17-30 cents. it was working in a wedge pointing to a lower low which never happened only to breakout and went on a 1800% rally spree. I will have another order down in the low 80cent range

https://s14.postimg.org/8qplqk9up/blok_01-10-2018.png

[SilverRex]

Bloc is another one, but it jumped 50% today. I will try to position myself once hot money start flowing back into them after getting beat up. the projection on these based on EW are pretty stunning, looking at 58 for wave 3 on hive and 46 for bloc. anything can happen its blockchain after all.

[sabad66]

Took a position in KASH.V earlier this week.

They currently mine dash coins out of vancouver and just closed a PP for $30mm to buy 5000 more rigs...should pop pretty nicely the next month or so

[SilverRex]

Natgas

so far buying at 2.55 a few weeks ago worked out. buying back on the latest pull back is also working out. Now lets see if natgas can finally break out and move into the 3.10-3.20 area. I would love to take profit there

https://s14.postimg.org/x6c2gh9cx/natgas_01-11-2018.png

[SilverRex]

Bloc.to

good thing I waited, buying a starting position in Bloc under 2 today.

https://s14.postimg.org/5yamv6kbl/Bloc_01-11-2018.png

[Brent.ff]

thoughts on LHSIF?

[Disoblige]

Nice bounce BLGV from 14 to 19.5 haha.
I was face palming at the news release yesterday where they said they recruited a dermatologist as a special advisor (he does cosmetic procedures like botox, laser, lol) as they have now have interest in CBD cream. Seems like they want to do everything :rofl:

[kenny]

Nice bounce BLGV from 14 to 19.5 haha.
I was face palming at the news release yesterday where they said they recruited a dermatologist as a special advisor (he does cosmetic procedures like botox, laser, lol) as they have now have interest in CBD cream. Seems like they want to do everything :rofl:

I laughed when I read that yesterday too after I googled BLGV when you mentioned it. 4 out of 5 doctors recommend BLGV!

[BavarianBeast]

Still waiting for HMMJ to pull back behind $20 for rentry.. being patient has been tough haha.

[sabad66]

Still waiting for HMMJ to pull back behind $20 for rentry.. being patient has been tough haha.

same. planning on investing my son's RESP in there so he can tell people in the future that his education fund was financed by pot! :D

[SilverRex]

selling half my UGAZ here

[zhao]

Nice bounce BLGV from 14 to 19.5 haha.
I was face palming at the news release yesterday where they said they recruited a dermatologist as a special advisor (he does cosmetic procedures like botox, laser, lol) as they have now have interest in CBD cream. Seems like they want to do everything :rofl:

Mj on your face lol 0_o. But apparently there is a topical market out there for it (wtf?). Another hype car was added to the train is what I heard. Maybe theyll add a proctologist later.

I'm not sure if it will go up tomorrow, or even in the next week, but today's rebound was good news to me as it likely signals the last of the bad news sellers who were unaware/surprised by the pp news. Now it's potentally back to good old mj hype and dump.

[max_boost]

Oh man I'll buy more ACB if MJ stocks drop some more but I don't want it to drop because then I could have sold and pocketed an 80% profit before it dropping to rebuy. Fk it's such a gamble haha

[SilverRex]

Fcx

this has been a long home coming. needed the funds for other plays. sold my fcx at 20.00 for 44% gain

- - - Updated - - -

with gold continuously moving higher and dollar is in the middle of a melt down, took a position in Jnug during this morning dip to see if the breakout on the miner has any legs. will be watching this closely

[Vanish3d]

PONY is under performing compared to the oil jump. is it worth holding on or just dump it? as oil is probably going to cool off soon and that will probably drive PONY lower

[SilverRex]

PONY is under performing compared to the oil jump. is it worth holding on or just dump it? as oil is probably going to cool off soon and that will probably drive PONY lower

I took a position at 2.07 and planning to hold as long as 2.09 isnt broken to the downside. watching oil on the 5m it is breaking above and holding over a wedge pattern which in my opinion still gives oil a bullish edge unless it produces a lower low.

[SilverRex]

GDX / GLD ratio

this is a pretty key indicator for me. with the ratio now given us a clear 5 waves off the low follow by a 3 wave backtest. if we get a wave 3 breakout on this chart, this means miner is ready to make some aggressive moves and begin to out perform gold again.

https://s14.postimg.org/p03da2ktd/gdx_gld_ratio.png

[SilverRex]

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

it has run up to far and needed a bigger correction, cant fight the charts. still wanting to see those numbers hit although they could be revised slightly higher depending on the last swing low.