Official Short-term Investments Thread

[zhao]

I'm thinking of doing something pretty risky tomorrow. I'm going to dump a company I know is going up, for a company i think is going up :/.

My plan tomorrow is if TV breaks 1.60 and HS remains the same or goes down, i'll likely be dumping TV and trying to buy another 200k shares of HS.


As for the next week, whenever my rrsp contribution hits my trading account i'll probably double down on blgv if its around 12-14, throw 5g at dash for shits and giggles, and who knows with the rest, but i may throw 10g at pony again. There seems to be some good news about future AECO pricing, and q4 isn't too far away where I expect it to jump back up.

thats my plan as of today for the next week anyway, which changes almost daily at things go up and down lol.

[SilverRex]

Hive.to

while we have 5 waves up and 3 waves down and it could easily be ready to make a wave 3 move from here, I am being mindful of that gap just under 3.00 and it could very easily give us another 5 waves down for a deeper correction. I will do nothing here but will add if it get under 3.00

https://s14.postimg.org/3jw67nlep/hive_01-23-2018.png

added some more shares under 3.00

[SilverRex]

Gold

initially gold broke the h&s neckline and looks poised for a good correction after the recent runup. However it quickly recovered and now the verdict is still out. if gold breaks over 1362, then I will expect higher highs to come.

has gold entered a phase where every dip is a buy? feels like it.

https://s14.postimg.org/9pz00jwq9/gold_01-25-2018.png

[zhao]

i sold about 1/3rd of tv at 1.59 and have the rest seeing if tv breaks 1.62 to sell today.

i bought 85k more of hs at .185. If tv sells and i can get HS cheaper than .185 i'll likely buy more as planned.


HS just announced some news too this morning; doesn't amount to too much at the moment but its positive. More confirmation they're dabbling in MJ management software. Their blockchain plan will be released shortly too apparently.

https://ceo.ca/@newswire/healthspace-announces-blockchain-network-for-decentralizing

i'm hoping it pops off close to around 30 cents or so when they release some significant news next.

[SilverRex]

Icon

we got our wave b higher (talk about a bull trap), now wave c underway. looking to double up my position if it can reach down to the 1.35 area

https://s14.postimg.org/rhf7st6oh/icon_01-25-2018.png

[SilverRex]

USAS (or usa.to)

Another attempt for the breakout. the last dip was nice for me as I was able to further strengthen my position (my top holding silver miner)

it has all the bullish implication for a least a 100% return from current levels. ih&s, cup pattern even EW 1-2, (1-2,1-2)

https://s14.postimg.org/dvj3e2z0x/usas_01-25-2018.png

[Disoblige]

Come on gold! Make a decision!

[SilverRex]

nice Trump open his big mouth saying the US dollar will get stronger...and this is how the market reacts lol

[SilverRex]

Its amazing how one person's opinion can move the market like this.

Gold has now morphed into a flag channel. we will now see if the sharp reversal in the US dollar is a head fake or not. Gold is due for a good size correction (if you based on how weak the miners has been performing)

https://s14.postimg.org/wmpm1u62p/gold_channel.png

[Disoblige]

Thanks Trump...

[SilverRex]

if I have my conspiracy hat on, I would say this was done intentionally for shorts to get out before a massive rally that lies ahead. up until this point gold refused to correct. we will see how the rest of the week goes. for now I expect 1344 to act as support. anything lower than 1325 would paint a very bearish picture. holding pad, and doing nothing.

[KO22]

I'm thinking of doing something pretty risky tomorrow. I'm going to dump a company I know is going up, for a company i think is going up :/.

My plan tomorrow is if TV breaks 1.60 and HS remains the same or goes down, i'll likely be dumping TV and trying to buy another 200k shares of HS.


As for the next week, whenever my rrsp contribution hits my trading account i'll probably double down on blgv if its around 12-14, throw 5g at dash for shits and giggles, and who knows with the rest, but i may throw 10g at pony again. There seems to be some good news about future AECO pricing, and q4 isn't too far away where I expect it to jump back up.

thats my plan as of today for the next week anyway, which changes almost daily at things go up and down lol.

Hope you did on pony!

[zhao]

Not yet, cibc is a total snoozefest on moving money in to a RRSP trading account from a rrsp savings account :(, so looks like it wont show up until next week. Pony likes to surprise everyone and go down to new lows, but its really looking good that 2.05ish was the bottom for awhile. I think it will hold above that level until q4 financials are posted, although this summer may be scary for that stock.


HS had some shitty price manipulation today too. Instinet was doing constant robo selling at the end of day with garbage amounts to lower the close by a penny for yet another day:

Instinet BMO Nesbitt 0.180 5,000 $900 13:59
Instinet RBC 0.180 500 $90 13:59
Instinet RBC 0.180 20,000 $3,600 13:59
Instinet TD Sec 0.180 8,500 $1,530 13:59
Instinet Qtrade 0.180 11,000 $1,980 13:59
Instinet TD Sec 0.185 4,000 $740 13:59
Instinet TD Sec 0.185 6,000 $1,110 13:59
Instinet TD Sec 0.185 29,000 $5,365 13:57
Instinet TD Sec 0.185 1,000 $185 13:57
Instinet Scotia 0.185 5,000 $925 13:55
Instinet TD Sec 0.185 4,000 $740 13:52
Instinet TD Sec 0.185 6,000 $1,110 13:52

Not too worried as the stock lately has been having low volume on asks and strong bid walls most days. The strong ask walls have been fairly high too in the mid 20s.

I sold more tv at 1.63, HS didn't fill my bid at 18 in the afternoon when i tried to buy some more so tomorrow i'll be seeing what looks good to buy (dash is down again, so it might be that), and depending what tv and HS do tomorrow I may sell the rest of tv and move that in to HS. I'm thinking thx to that price manipulation HS might hit 17.x tomorrow again.

[SilverRex]

GOLD

Still in a healthy rising channel. 1344 backtested acting as a good support for now. so far gold only has 3 waves down, this drop could been still seen as just corrective. the bounce off 1344 is also looks like 5 waves up. I think as long as gold does not close below 1344 on the daily basis, looking at a slow grind back up over the next few days then breakout again

https://s14.postimg.org/bklht87r5/gold_01-26-2018.png

[SilverRex]

US Dollar

after the dollar breaking down from the massive sloping multi-year neckline, it appears a backtest is in progress. the initial jump yesterday also only looks like 3 waves up. so if it does not roll over immediately, I can imagine another wave higher then the drop resumes.

I guess what this means is to look for an opportunity somewhere in the PM to add to one's position for the next leg up

https://s14.postimg.org/w609l2k69/dollar_01-28-2018.png

[SilverRex]

GDX

rising parallel channel? until it breaks down from this channel, I am still leaning towards an uber bullish count to the upside. we had a running flat which gave us wave (II) then wave 1 of 3 of 3 and now 2 of 3 of 3.

alt count (orange) the top yesterday was part of a wave b of (II) and now c of (II) is underway targeting 23-23.5. From both scenario, the trend is still up. the only question is, do we get a steeper pull back or not.

I want to lean towards the no answer because if gold/PM is to make a huge move up, usually (similar to 2016) it doesnt give you must chance to get in and this keeps the bullish momentum and count going for me anyways.

https://s14.postimg.org/y0d42ycdd/gdx_01-26-2018.png

[VWEvo]

Not yet, cibc is a total snoozefest on moving money in to a RRSP trading account from a rrsp savings account :(, so looks like it wont show up until next week. Pony likes to surprise everyone and go down to new lows, but its really looking good that 2.05ish was the bottom for awhile. I think it will hold above that level until q4 financials are posted, although this summer may be scary for that stock.


HS had some shitty price manipulation today too. Instinet was doing constant robo selling at the end of day with garbage amounts to lower the close by a penny for yet another day:

Instinet BMO Nesbitt 0.180 5,000 $900 13:59
Instinet RBC 0.180 500 $90 13:59
Instinet RBC 0.180 20,000 $3,600 13:59
Instinet TD Sec 0.180 8,500 $1,530 13:59
Instinet Qtrade 0.180 11,000 $1,980 13:59
Instinet TD Sec 0.185 4,000 $740 13:59
Instinet TD Sec 0.185 6,000 $1,110 13:59
Instinet TD Sec 0.185 29,000 $5,365 13:57
Instinet TD Sec 0.185 1,000 $185 13:57
Instinet Scotia 0.185 5,000 $925 13:55
Instinet TD Sec 0.185 4,000 $740 13:52
Instinet TD Sec 0.185 6,000 $1,110 13:52

Not too worried as the stock lately has been having low volume on asks and strong bid walls most days. The strong ask walls have been fairly high too in the mid 20s.

I sold more tv at 1.63, HS didn't fill my bid at 18 in the afternoon when i tried to buy some more so tomorrow i'll be seeing what looks good to buy (dash is down again, so it might be that), and depending what tv and HS do tomorrow I may sell the rest of tv and move that in to HS. I'm thinking thx to that price manipulation HS might hit 17.x tomorrow again.

I'm following it closely as well. Picked up more also and will even pick up further if it drops below 0.17

[Disoblige]

I'm cutting DASH off my list at the next small pop (if it even happen). I don't really believe in it anymore.

[zhao]

So my friend that live in Toronto across from dash is apart of his neighborhood facebook group there. He says one of the guys from dash just posted on that facebook page that his company just went public on the TSX and if anyone knows any condos in the area that have theaters that can be rented to do a presentation.

We were joking this morning that sounds like an amway style 'buy in to my pyramid scheme so I can get out with all my money' mutlilevel marketing plan. Although joking aside, i guess with a stock that small it doesn't take a lot of people investing to move it.

But then its also down a lot today, and I dont really want to try and catch that falling knife now. I think now if it starts stagnating for movement i might be interested in it.

[SilverRex]

ICON has hit the lower part of my buy zone. sold DASH and dumped into ICON as well as added more Hive

[bspot]

I had averaged down on PONY a shit ton. I was way overweight in it, and decided to dump 3/4 of my position at 2.30 to get back to a 10% position size, even though a lot of me wanted to be a degenerate gambler and hold. Now I really wish I did it, even though I would have puked if it reversed and dumped under 2.00.

[SilverRex]

GDX

rising parallel channel? until it breaks down from this channel, I am still leaning towards an uber bullish count to the upside. we had a running flat which gave us wave (II) then wave 1 of 3 of 3 and now 2 of 3 of 3.

alt count (orange) the top yesterday was part of a wave b of (II) and now c of (II) is underway targeting 23-23.5. From both scenario, the trend is still up. the only question is, do we get a steeper pull back or not.

I want to lean towards the no answer because if gold/PM is to make a huge move up, usually (similar to 2016) it doesnt give you must chance to get in and this keeps the bullish momentum and count going for me anyways.

https://s14.postimg.org/y0d42ycdd/gdx_01-26-2018.png

looks like the orange count wave (c) down into the orange box is playing out with the US dollar looking for a higher high

[SilverRex]

Jnug has effectively corrected back into the 16s. adding another position in Jnug. maybe one more if I see the 15s. but that will be it.

[SilverRex]

Silver

uber bullish count still if the low holds as a wave 2. So many different variation depends on how one counts the 5 waves up. orange is probable as the jump last week was wave b top. There is a 3rd scenario where the top last week completes wave 5 and metals has only started it's wave 1 or (A) down. Picking where to enter is probably the most difficult part.

https://s14.postimg.org/hf2s2mm4x/silver_01-29-2018.png

[SilverRex]

Hive.to

Not only did it fill the gap it also sold down under the typical 61% retracement and hit the 78%. For the time being, until it breaks the low at 2.56, I see this as a steep wave 2 correction. The jump today looks impulsive and so I want to believe the wave (2) correction is done and it is prime time.

https://s14.postimg.org/p59k7sr1d/hive_01-29-2018.png

[zhao]

wtf happened on the tsx today? Luckily only one of my stocks went down today, but literally everything else I watch was red, and big red.

[littledan]

Was anyone else's snap quotes f*cked on questrade this morn?

[Disoblige]

Only sold ~30% of all my gold miners since high. Oh well. Risk you take holding. And now 1341 is gone. Gold to move lower it looks like.

Edit: I'm trying to free up some cash for the next upcoming ETF: HMJR

Essentially the GDXJ of MJ :drool:

[SilverRex]

Only sold ~30% of all my gold miners since high. Oh well. Risk you take holding. And now 1341 is gone. Gold to move lower it looks like.

Edit: I'm trying to free up some cash for the next upcoming ETF: HMJR

Essentially the GDXJ of MJ :drool:

MJ is near a critical area. if it breaks the low on Jan 12, this opens up 30-50% down to the next trading zone. It would paint a very bearish tone. then again you have to watch it closely to see if the it is a false breakdown or not.

Gold I see 5 waves off the low today, very encouraging, now correcting. confirmation if gold can take out 1352.37 to the upside it will surely bring the bulls back imo

[JfuckinC]

Anyone have NAC? Its crushing while everything else is dipping(MJ stocks). I had it at .35 but sold at .69 a while back. Shoulda held on! (Says everyone ever.)

[Brent.ff]

im feeling some serious FOMO on amzn..waiting for a red day that just doesnt seem to happen

[Disoblige]

All out miners since 1341 broke. I was super surprised it took it back in the morning but I set a stop and I'm glad I'm out. Mostly cash ready for next play.

[SilverRex]

gdx

gdx has hit the orange box as wave C down is fully underway. depends if it is extending or not, downside could reach as far as 22.50, at this time I do not want to see gdx break or close below 22.50 to keep the very bullish count alive. Until then, we continue to view this as a good major wave (2) correction.

https://s14.postimg.org/4e9kpxe6p/gdx_01-30-2018.png

[SilverRex]

Gold

yes gold has broken down from the rising channel. then again, if the sharp declining wedge breakout doesnt give it boost, I suspect the next low will be around 1330 merely creating a larger rising channel.

with price unable to hold above 1344 does make it appear like it is a legitimate false breakout, however there are also weekly and monthly price action to content with so this week is certainly not over yet. if we do get a bounce off 1330, I will imagine we are setting up the right shoulder, so either we have a date with 1300 gold after all (something I was keen on waiting for until it actually broke out around the 1340 area). a much larger wave 2 then anticipated. Or we keep stepping it up in this larger rising channel and thereby gold needs to give us that push this week preferably above 1352

https://s14.postimg.org/p4wp4r00x/gold_01-30-2018.png

[bspot]

I had averaged down on PONY a shit ton. I was way overweight in it, and decided to dump 3/4 of my position at 2.30 to get back to a 10% position size, even though a lot of me wanted to be a degenerate gambler and hold. Now I really wish I did it, even though I would have puked if it reversed and dumped under 2.00.

Feeling better about being disciplined today. Made a buy when my quote was showing 2.17 (got a fill for 2.20 :( ) trying to play a potential backtest/shakeout scenario, and so far it looks good. The backtest lined up perfectly with a fib retracement which is why I rolled the dice before seeing a successful back test (it was a red daily candle when I bought):

https://tvc-invdn-com.akamaized.net/data/tvc_76893b128f54d7edcaedf21e94cd2c96.png

[mr2mike]

I hope this bloodbath is short lived and Trump says some good things tonight.

[SilverRex]

Hive

with price breaking the previous low, now I have to recount this whole corrective mess. it is just that, corrective. Now I am seeing a 5 wave ending diagonal possibly can still hit a bit lower to the 2.4 area.

https://s14.postimg.org/85xe0wxjl/hive_01-31-2018.png

- - - Updated - - -

MJ shares so far was able to fend off from breaking the previous major low set on Jan 12. ACB also looks like it backtested a previous down neckline breakout. This is a very good risk/reward play as shares are jumping across the broad. A good entry with a stop below today's low would be a good play

[SilverRex]

gdx

great action today in the miner, which suggest the possibility that wave (2) is finished. a new up cycle is beginning. would like to see it get back above the 50EMA over 23.9 and give us the 5th wave to be more confident., alt count suggest we could still see one more 5 waves lower still. However the action on gdxj looks different, I can count 5 waves down with an extended 5th wave so for now I am leaning towards the bottom being in.

https://s14.postimg.org/5r5ig9c35/gdx_01-31-2018.png

[SilverRex]

MJ as a sector came close to breaking the major swing low set on Jan 12. if it breaks it would probably open 30-50% down to the previous trading range. However the action today looks impulsive off the low.

looking at ACB as it is quite bullish, it got no where near the low on Jan 12 and backtested successfully so far it looks like all 3 wave actions so I am imagining it is in some sort of rising wedge with breakout to the upside once consolidation is done in a couple weeks more

https://s14.postimg.org/4ddvkr2hd/acb_01-31-2018.png

[SilverRex]

get ready for some wild action FOMC in 7 minutes

[SilverRex]

Gold

Gold tagged the bottom of the rising channel. So far buyers came in to the tee. Will see how the rest of the day goes. If this does not turn gold around, then we will be looking at much lower prices.

https://s14.postimg.org/z06odvc1d/gold_01-31-2018.png

[Disoblige]

Whoa, my 15.49 on JNUG hit lol. I'm back in the leveraged miners again.

[SilverRex]

Whoa, my 15.49 on JNUG hit lol. I'm back in the leveraged miners again.

good pickup if gold turns around here for good

[Disoblige]

good pickup if gold turns around here for good
boooom! :D

[SilverRex]

boooom! :D

normally PM gets the short end of the stick, its nice to see it do the opposite for a change

[CUG]

Lol, classic case of buy the hype on HIP? Jeez.
I fucked up last week and bought them at $1.99. Now I'm long. Totally misread that. Figured after trading was halted it would spike. Woops.


Whoa, my 15.49 on JNUG hit lol. I'm back in the leveraged miners again.
Found the wallstreetbets guy. I made $$$ on JNUG in Dec.

[SilverRex]

Gold needs to hold yesterday's low or the good reversal will be all for nothing

[SilverRex]

Natgas

after playing the 2.55 to 3.00 bounce and 2.75 to 3.19 bounce. didnt want to touch anything above 3.2 given it's wild swings. Sure enough, while bulls were laughing all the way to the bank when it was over 3.40, it was clearly marked for death. a 5 waves sequence with an extended 5th wave. Now it is coming down pretty hard. given its record, I think opportunity lies when price backtest the red neckline (until it breaks up or down)

Might try this again if natgas can give us <3.00

https://s14.postimg.org/dxttwzv9t/natgas_02-01-2018.png

[SilverRex]

Weed

Price broke the Jan 12 low. while not every MJ stock is exactly the same, but I think Weed paints a pretty similar picture for most. this is a clear H&S shoulder breakdown, unless price quickly reverses and maintains above the neckline. the longer it lingers below it, the more sellers will come in and the possibility of price reaching back down to the previous trading range of 16-22 will be on most sellers radar. A gap around 24 will be filled first.

Trading these breakdown or breakout are never easy because they only have about a 60-70% success rate. You cant ignore them but you cannot depend on them fully as well which makes it very difficult to trade. Wiser traders will exit and wait for either A). price to drop significantly and buy back. or B) see if this breakdown becomes a head fake and buys back on the next swing low or trendline breakout with stops. I guess there is the C) just turn off your monitor and come back in a few months.

https://s14.postimg.org/s1uaiprqp/weed_02-01-2018.png

[Chandler_Racing]

HIVE.TO down 13% today, broke the 21 day MA. Have a buy order in at $1.75 think it will touch down that low?

I suspect it's the markets reaction to FUD (South Korea) and real reaction to USD Tether (if the auditors departure was related to it not being backed 1:1 to USD)

Might be a good buy today, but markets reward patience sometimes too so I'm waiting on the sidelines.

[SilverRex]

HIVE.TO down 13% today, broke the 21 day MA. Have a buy order in at $1.75 think it will touch down that low?

I suspect it's the markets reaction to FUD (South Korea) and real reaction to USD Tether (if the auditors departure was related to it not being backed 1:1 to USD)

Might be a good buy today, but markets reward patience sometimes too so I'm waiting on the sidelines.

anything is possible, I have always wanted to see the 1.6-1.7 area reached as the low side of the target. The frustrating grind for months has even gotten the best of me. I may add a bit more if we ever get that low

[Disoblige]

The heck just happened to miners...

[SilverRex]

gdx alt count

I would expect some strong action in the miner given gold's reversal yesterday, sadly it isnt moving like it should so an alt count could still see miners drop down into another 5 wave sequence down to the 22.5 area after it establishes a wave b bounce higher.

https://s14.postimg.org/ueknzfq75/gdx_02-01-2018.png

[JudasJimmy]

Whoa, my 15.49 on JNUG hit lol. I'm back in the leveraged miners again.

What are you using to buy/sell/track your stocks?

[Disoblige]

What are you using to buy/sell/track your stocks?
Investing.com app is excellent for my needs for tracking on phone. I keep a small browser window open if I'm on a desktop during the day if I have the time to monitor my watchlist.
To buy/sell, I just use my Canadian bank's TFSA as my trading account for short term investments.

[Disoblige]

GG gold. What a POS.

[mr2mike]

Interesting that market is killing MJ stocks, lumping them with Crypto bubble.
As well, US weed operators are getting killed. But in reality, US weed stocks are really low risk but the media has hyped it to epic proportions and everyone's afraid.
But really it's probably more safe to invest there than in Canada which is way over saturated for the population we have.

[kobe tai]

wtf going on this week. weed stocks murdered, google down 6% today. I see blood everywhere. Should I be calling suicide hotline?

[Disoblige]

Best to stay on sidelines and be mostly cash in situations like these as Silver pointed out.
I was thinking about HMMJ but now just watching and waiting till bloodbath subsides a bit. Would be funny if it went back to 10 :rofl:

[SilverRex]

gdxj

using this instead of gdx, clearly no wave (b) bounce, this is now my prefer count we are wave (c) in full force. for now I want to see the backtest hold and a clean 5 waves down. I will have more confident if we can see stability for the next few days around the current area

https://s14.postimg.org/kxrn14yc1/gdxj_02-02-2018.png

[mr2mike]

Best to stay on sidelines and be mostly cash in situations like these as Silver pointed out.
I was thinking about HMMJ but now just watching and waiting till bloodbath subsides a bit. Would be funny if it went back to 10 :rofl:

If you're not in. I would be really looking at buying soon. The second there's some green up movements.
MJ sector has done this before for those who were in 2+ years ago know what I mean. Going from $4 to $1.50 on TWEED (Canopy). I can list more examples. ACB didn't just continuously rise from nothing. There were massive pull backs and if you hung in there, you were rewarded.
Found an old sheet I had in my office showing my order entry for ACB $1.36. If I had the strength to hold that, I'd be in the multi-millions. But sold at around $5 because I believed the "overbought" "market cap too high" statements.
Would I target the big guys right now? Nope. ACB was small when I was trading it. I am targeting small cap MJ stocks.

[Disoblige]

I am targeting small cap MJ stocks.
Then HMJR would be perfect for you soon.

[SilverRex]

gdx to gld ratio

I am also watching this closely, if it breaks the dec low, then I have to seriously re-assess the PM sector, until then, it also has a similar count a clear abc with 5 waves down. PM needs to stabilize at around current prices to maintain the posture this is nothing more than a scary pull back before launch

https://s14.postimg.org/6fufteetd/gdx_ratio.png

[mr2mike]

Then HMJR would be perfect for you soon.
Naw. ETF's limit your upside. Thanks though.
HMMJ went from $12 in Nov17 to $25 Jan18.
Same time you held, anything. I'll pick on ACB and you go from $3 in Nov17 to $15 Jan18.
Same time frame and you only double your money in HMMJ.

[mr2mike]

Day traders dream in MJ coming up now. Some reversals.

[SilverRex]

natgas

well all the red on my screen, where are all the opportunities. probably all of them are great buys when you look back after a couple of months.

starting a natgas play again. 1 tranche in UGAZ under 70. could still dip lower maybe I'll add another, expecting we are close to a good size bounce then could either sharply reverse to the upside (if this was a sharp 2 down and onto new highs) or another wave lower due to more time to correct after such a good run since Dec

https://s14.postimg.org/dydl1zvvl/natgas_02-02-2018.png

[s_havinga]

anything is possible, I have always wanted to see the 1.6-1.7 area reached as the low side of the target. The frustrating grind for months has even gotten the best of me. I may add a bit more if we ever get that low

Are you just riding it out with HIVE? I can't recall what it was when you first jumped in, what's your average position?

[SilverRex]

Are you just riding it out with HIVE? I can't recall what it was when you first jumped in, what's your average position?

im riding it out. most of my other holdings in the crpyto space are quite small. right now my avg are high 2s, I am still bullish on crpyto over all and buying at 2 and under has been my count for the longest time. it threw a curve ball technically when it had a 5 wave dead bounce.

hopefully this bloodbath in the sector and sentiment is exactly what the doctor needs to bottom out across the board.

- - - Updated - - -


gdx alt count

I would expect some strong action in the miner given gold's reversal yesterday, sadly it isnt moving like it should so an alt count could still see miners drop down into another 5 wave sequence down to the 22.5 area after it establishes a wave b bounce higher.

https://s14.postimg.org/ueknzfq75/gdx_02-01-2018.png

dont want to re-create another chart. orange count wave v of (c) underway. I may add one more position if gets near 22.50

[RX_EVOLV]

Been sitting on 100% cash (for my short term plays) for a couple of weeks now waiting to re-enter, and it looks like now is a great time to buy back in... Hate buying into the weekend though, so maybe I'll see how the things go on Monday before going on a shopping spree :)

[Disoblige]

Who's adding HS on here? Slightly tempting.

[VWEvo]

Who's adding HS on here? Slightly tempting.

I'm adding at 0.13

[SilverRex]

I think the entire MJ sector needs at least another 10% down from current levels, then the risk/reward count will begin to swing back into the bulls favor. a near panic into the close and possibly gap down monday then full reverse would be nice

[Disoblige]

I'm adding at 0.13
I feel like HS is something you would hold for years, not something short term though.

Edit: On sidenote, all out miners on small loss. No more for me, I think the run is over.

[RX_EVOLV]

Crazy Oil is hovering around $65-66 yet the O&G companies like MEG/BTE/CVE/CPG are down ~20% from recent high to what they were trading at when Oil was ~$50... Seems like a great deal now to pick up some BTE at $3.5...

[SilverRex]

bte

while oil looks steady and can continue to extend and move higher, I just feel energy share hasnt really taken off like it should, it could still very well do this. but I am exiting all my energy shares here. Bte has two count a very bullish 1-2, 1-2 setup or a deeper wave 2 correction back under 3.00. I also want to see oil back test the 60-61.5 area so will take this risk for a better re-entry.

after all my focus is not with the energy sector right now

https://s14.postimg.org/a8ovuyftt/bte_01-17-2018.png

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that is a pretty high target. if 5 wave is indeed completed, I see Jnug back in the 16s

this was my last post on BTE, I knew something wasnt right when oil was making new highs and energy shares just couldnt catch a bid so I sold everything. the alt count is unfolding nicely, it even over shot my downside target. so if energy share is to make a run as long as oil holds above 60 and 70 on the horizon this year, this marks a very good spot. if I had cash I would also scale back in now at this level, but I am waiting to pull the trigger on other sectors as well which offers a higher return for the risk PM/MJ etc

[max_boost]

The swings this week! I had a sell order for ACB at $15 but I pulled it! LOL It would have been a nice $7k profit lol Instead I watched it drop but bought some more at 10.48 and now it's even lower haha

Average cost $9 and only 1800 shares. Will see what next week brings. Some guys I know are holding 9000 shares oh man I can't even imagine watching that book value disappear. It's all relative. The Winklevoss twins went from billionaires to hundred millionaires in a flash with Bitcoin.

[Disoblige]

Some already predicting the high in MJ sector already happened this year. Let's hope that's wrong but we'll see.

[CompletelyNumb]

Thoughts on CANN?

[zhao]

Who's adding HS on here? Slightly tempting.

I'm in wait and see mode for this whole market. I didn't really liquidate anything and i'm trying not to buy more of anything I already own, but I'm very tempted to add more HS if it goes any lower.

I was semi worried because the market as a whole fell enough that it could trigger a long term bigger fall, but after my mining stock tanked 8% for no reason i'm 90% convinced most of the sell off across all markets is idiots panicking. My mining stock had literally no reason to go down. It was slightly undervalued for hte current market already, they're expecting a crazy q4, zinc is at record highs still, stockpiles of zinc are falling like a stone dropped from an airplane, and the company is in real good shape....... and boom, 10 cent drop one morning for no reason.

Why I'm also not too worried about HS's current downturn is because pretty much everyone connected with that company as an insider bought in heavy in to that company all at the same time in January around the 18-19cent mark (from what I remember anyway).

MJ stuff I am terrified of, but I only have a very small exposure there so I dont really care too much.


What I actually want to buy in to again is CJ, as its a pretty good price as long as that dividend is sustainable, which tehre is no reason it shouldn't be at current oil prices. Pony is almost looking good again too; with q4 on the horizon I expect a quick and dirty boost in share prices, but I'd want to get the fuck out of that as soon as it spiked. That company is :(.

[mr2mike]

Some already predicting the high in MJ sector already happened this year. Let's hope that's wrong but we'll see.
I don't get it how MJ is being punished so badly. We're easily 10x lower than the rest of the market per day. Holding. The companies I own could sell their real estate land holdings and be worth more than their stock price right now. Bought them based on their assets, 4 MJ licenses and their known product line. Now with Sessions first and next the market dip, I'm bag holding. People seem so afraid of US pot but in reality, more and more states keep voting to approve. He's a somewhat up to date map of what I am talking about.
http://www.governing.com/gov-data/state-marijuana-laws-map-medical-recreational.html

The states with actual large population bases, are all approving this. To not own a Cali or Nevada producer is a big over sight.
Hoping I can look back in a few years after a big tobbacco / Pharm / beverage company picks up the companies I own. But they probably won't until pot gets classified as a Schedule 2 drug on the federal level.

[Disoblige]

Gold looking decent this morning but miners look shitty. USD/CAD messing it up I think?

[mr2mike]

81184

https://www.cnbc.com/2018/02/04/what-fridays-pullback-says-and-doesnt-say-about-the-markets-now.html

This market pull back is a good thing and statistically, great chance it rolls up into the positive in a few weeks.

[SilverRex]

I think the entire MJ sector needs at least another 10% down from current levels, then the risk/reward count will begin to swing back into the bulls favor. a near panic into the close and possibly gap down monday then full reverse would be nice

what a perfect script. this reversal is even more impulsive then the last one. should turn in to some sort of MT bottom here. line in the sand is todays low, then off to the races again

[Vanish3d]

SilverRex

Where do we stand on GDX/GDXJ ?

[SilverRex]

SilverRex

Where do we stand on GDX/GDXJ ?

no change from the last chart. expecting bottom to land some where between here and no lower than 22.45 for gdx. if price closes below 22.45, it might turn in to something else. but over all, miners looks like a healthy 5 up (from Dec low) and 3 down to where we are. I am waiting if there is one more swing lower towards 22.50 to add another position

[mr2mike]

what a perfect script. this reversal is even more impulsive then the last one. should turn in to some sort of MT bottom here. line in the sand is todays low, then off to the races again
Yeah almost perfect call.
I see how impulsive everyone is jumping into ACB. I was a big supporter of them early on but currently, they're so over pumped, just don't get caught holding the bag. Everyone thinks they bought a "blue chip pot company".

[max_boost]

Crazy swings on ACB today. Yes let's see $15 by Fri haha

[SilverRex]

just noticed the gdx to gld ratio has broke the Dec low. this is concerning because it would simply there are further downside for miners. As much as I hate to do this I have to set a mental stop on gdx. If it closes below 22.45 I am going to exit my leverage.

[taemo]

US stocks are all down 4%+
good time to buy some more US tech stocks?

[vengie]

Not to cast any fear, but Warren Buffett is sitting on over $100 billion in cash in anticipation of a massive crash.

The Shiller PE ration is insanely high right now.

[Chandler_Racing]

Majority of my portfolio is cash, I share the same view.

Curious how much 100 Billion represents as a % of his portfolio...

More interesting to me would be to see it monthly over a longer time period.

[max_boost]

Crazy. I better start saving cash to average down on the indexes then haha

[SilverRex]

right now based on counts, the bull market is far from over. any big correction is probably just a larger wave 4 sequence. e.g. we probably just topped a wave 3 of 5 of (3) so yes a good opportunity to load up. im gunning the 200 day moving average. what is more krazy i think is that the margin call probably caused some companies to go under.

[zhao]

Weird day. Saw some crazy movement on some stocks that dont see any movement traditionally. CHR for example fell 30-40 cents, and then rebounded which is a stock that traditionally has weathered every market storm in the last year without any significant movement. My mining stock was up pretty good, then down huge again out of no where, and then ended the day positive.

MJ was all over the damn place too lol. down big on open, a hour later everything was up big, and by the end of the day stuff pretty much was up good for the big guys, leveled out for the midrange, and down more for the little guys or the wonky guys. doja aka hiku, was down a lot surprisingly.

[Disoblige]

XIV SVXY :nut:

[kobe tai]

XIV SVXY :nut:

watching to see how this opens tomorrow. someone please coles notes me as to wtf happened there afterhours?

[OTown]

Not to cast any fear, but Warren Buffett is sitting on over $100 billion in cash in anticipation of a massive crash.

Source?

[vengie]

Source?

http://lmgtfy.com/?q=Warren+Buffett+%24100billion+cash

[SilverRex]

natgas

finally got under 3 again. the 61% fib level from 2.55-3.5 yields around 2.91. adding a 2nd position here

https://s14.postimg.org/4nqy8j1jl/natgas_02-06-2018.png

[Disoblige]

just noticed the gdx to gld ratio has broke the Dec low. this is concerning because it would simply there are further downside for miners. As much as I hate to do this I have to set a mental stop on gdx. If it closes below 22.45 I am going to exit my leverage.
GDX has fallen below. I'm actually exploring what might be a good time to enter GDXJ.