Official Short-term Investments Thread

[SilverRex]

Dollar

watching the 94.93 closely. if the dollar can break below this we may have ourselves the start of a new declining cycle which could fuel gold/PMs and even the stock market in general.

https://s22.postimg.cc/ba28eo6sh/dollar_09-05-2018.png

[Sugarphreak]

...

[Disoblige]

Good job on HEXO. Saw the CEO on BNN and how he was talking about the goal of being eventually acquired and a US exchange listing. I feel like he was pressured to respond based on the activist article saying how management needs to step up their game as the share price is low.

On the flip side APH and TRST ftw :)
Long term holding 50% APH as I love their direction and might take profits before legalization on the other half. Too good, $21+ today.

[SilverRex]

gdx

so gdx did finally give us a new low after what appears to be a 3 wave ABC up. I am taking a stab at Jnug this morning under 7.00 with the expectation that gold in the ST should at least give us a good bounce.

https://s22.postimg.cc/u4hfrkyrl/gdx_09-07-2018.png

[SilverRex]

BRAZIL

not sure anyone pays attention but charting wise, the brazil market looks text book Elliot wave. Using EWZ as the leading indicator, you can see a perfect 5 wave up setup follow by a lengthy ABC down. then we have another mini leg up which I believe is sub wave 1 and now in the middle of a wave sub 2 correction. Once this correction ends I think Brazil will embark on a multi year up cycle exceeding the 2008 top. Not a bad play if anyone is looking for a longer term hold and diversification.

https://s22.postimg.cc/568pv831d/ewz_09-07-2018.png

[SilverRex]

the stock market needs to hold the recent low and begin to climb now if there is any bullish tone left (melt up scenario) to continue. A lower low would kill the momentum and ring in a medium term intermediate degree decline that could bring it back to the June low

[Sugarphreak]

...

[BavarianBeast]

Not sure how many of you are trading AMD but it looks prime for an upswing. A bit oversold and they typically rise before earnings on 3/5. Bought a position this morning.

Sold my AMD this afternoon. Rode it for 2.5 years, going to celebrate tonight lol.

[Brent.ff]

come on LHS... killing it over the last month, wish i had bought more at 60 cents

[bigbadboss101]

come on LHS... killing it over the last month, wish i had bought more at 60 cents

Yup. Bought and sold a few times myself. Don't have any at this moment :mad::cry:

[SilverRex]

dollar

last week I mention the importance of dollar not breaking the 94.93 and if it did it would usher in a new cycle decline because as soon as it broke that level, it turned the structure corrective so it was a matter of time until a new drop begin. now it does look like it is about to test the August low. hopefully this will fuel all sectors including PM and cryptos

https://s22.postimg.cc/djbp4ul0h/dollar_09-13-2018.png

[BavarianBeast]

Sept 14 $109 puts on Tilray, anyone?

[max_boost]

Is this the beginning of a pullback for MJ stocks? I got a buy order for HMMJ for 19.99 hehe

[O&G]

Sounds like Riddell Sr passed away last night. Wonder if the son fully takes over paramount.

[taemo]

was able to buy some ACB this morning before it popped

https://www.bnnbloomberg.ca/coca-cola-in-talks-with-aurora-to-develop-cannabis-drinks-sources-1.1138528

[sabad66]

was able to buy some ACB this morning before it popped

https://www.bnnbloomberg.ca/coca-cola-in-talks-with-aurora-to-develop-cannabis-drinks-sources-1.1138528

is the pop cuz of this? or because of the uplisting to NYSE announcement?

[Disoblige]

is the pop cuz of this? or because of the uplisting to NYSE announcement?

More so the coke I think. BNN hyped this up quite a bit. The uplist was discussed already but CEO was just vague about sometime in October. We aren't even sure if NYSE or NASDAQ yet.

[D'z Nutz]

was able to buy some ACB this morning before it popped

https://www.bnnbloomberg.ca/coca-cola-in-talks-with-aurora-to-develop-cannabis-drinks-sources-1.1138528

I bought some at the start of the tank in July so I've been bag holding for a bit but I unloaded half my shares today so my average PPS is $5.77 now. Hopefully it tanks a bit again so I can pick up more to rinse and repeat.

[Manhattan]

Market really reminiscent of early 2000's. People with zero financial literacy are popping out of the woodwork bragging about returns on their MJ stocks. Only risk people are concerned about is the risk of missing out. :nut:

Shitty dot com stocks used to pop the same way. Buy in the morning check in the afternoon and it would be up 20% on a news article.

[ercchry]

Market really reminiscent of early 2000's. People with zero financial literacy are popping out of the woodwork bragging about returns on their MJ stocks. Only risk people are concerned about is the risk of missing out. :nut:

Shitty dot com stocks used to pop the same way. Buy in the morning check in the afternoon and it would be up 20% on a news article.

Little different though, as these companies produce a physical product. The path to market for rec is now well defined, these LP’s will essentially have exclusivity on production. Strength of market is already well defined with state legalization, only question left is what multiple can these companies support?

[buh_buh]

I'm ok with it, as long as MJ stocks don't end up the same way is the dot com stocks did.

[BavarianBeast]

Market really reminiscent of early 2000's. People with zero financial literacy are popping out of the woodwork bragging about returns on their MJ stocks. Only risk people are concerned about is the risk of missing out. :nut:

Shitty dot com stocks used to pop the same way. Buy in the morning check in the afternoon and it would be up 20% on a news article.

What's wrong with that? I know people who made fortunes from investing in tech companies in the late 90's early 2000s and holding them for 15+ years, take the Renerts with Apple for example.

People are investing in a massive emerging market, I don't blame anyone.

[max_boost]

I'm ok with it, as long as MJ stocks don't end up the same way is the dot com stocks did.

:thumbsup:

I'm doing my part by buying the products haha

[Manhattan]

Dot com companies sold physical product too and the idea was much more revolutionary. Most of those companies did not survive. MJ companies are basically growing grass. It can be profitable but it will be enormously competitive from day one. Perhaps a few companies will it make out on top but nobody knows who they will be, what kind of pricing power they'll have to pad margins, and the market for their product is overinflated. It's been around forever. People who don't use it won't become regular users just because its legal and sealed in a pretty package. Current valuations are mostly built on thin air.

[Manhattan]

What's wrong with that? I know people who made fortunes from investing in tech companies in the late 90's early 2000s and holding them for 15+ years, take the Renerts with Apple for example.

People are investing in a massive emerging market, I don't blame anyone.

So you know one person who made out well. You never hear about the people who lost their shirts. I'm not blaming anyone by the way. Just buyer beware.

[max_boost]

Dot com companies sold physical product too and the idea was much more revolutionary. Most of those companies did not survive. MJ companies are basically growing grass. It can be profitable but it will be enormously competitive from day one. Perhaps a few companies will it make out on top but nobody knows who they will be, what kind of pricing power they'll have to pad margins, and the market for their product is overinflated. It's been around forever. People who don't use it won't become regular users just because its legal and sealed in a pretty package. Current valuations are mostly built on thin air.

Sounds like an opportunity for the Big short if you believe this

[Disoblige]

Tilray is fucking crazy! Pushed up $138+ and still showing strength. Just goes to show what a US listing can help do.

Also ACB halted on pending news right now. Things are so hyped.

My goal is just to take the profits as they come and let anywhere between 25-50% ride with no risk. That way, no real worry about a crash if it does come around.

[spike98]

Also ACB halted on pending news right now. Things are so hyped.

Not on news. IIROC asked for facts from the statement around Coke. Aurora confirmed no deal. Trading is back on.

[Disoblige]

Not on news. IIROC asked for facts from the statement around Coke. Aurora confirmed no deal. Trading is back on.
Yeah. That was pretty lackluster once they told us why they halted. This is why you don't hype stuff up until ink is signed like Canopy and Constellation.

[spike98]

Yeah. That was pretty lackluster once they told us why they halted. This is why you don't hype stuff up until ink is signed like Canopy and Constellation.

I dont know man. I love it. How does the saying go? "Buy on rumor, sell on news"

I got in as soon as i heard the news and made a cool 20% in the past two days. Now i am just waiting for RIV to kick off.

[max_boost]

You guys know anything about Cannabis Sativa CBDS?

My dad decided to buy some (yup that's his logic, oh that stock looks good) lol it has spiked and not sure what to do :rofl:

[spike98]

Tilray up 40% in premarket! I am experiencing FOMO hard but i see i big correction after this run up.

Trying to pick up some Australis this morning.

[SilverRex]

ACB

3 weeks ago when ACB first completed 5 waves up I mention the correction back to the 7s, it had a text book style correction notching 1 penny just under the previous wave 4 low of 7.66 at 7.65, then proceeded to a break out which we are now in the heart of a powerful wave 3 rally which was expected. with this breakout. (if it is truly wave 3) it should not revisit 9.4 again. if it did, something will not be right technically speaking. so if you are in ACB you can place your stop under this and just let it run.

my personal feeling remains the same, the hype continues in this sector and the sell on news is when legalization completes in Oct then a major correction will take place.

https://i.postimg.cc/pdwTpyv7/acb_09-19-2018.png

[SilverRex]

ACB big picture

the expectation is that once ACB notches a new ATH and complete this series of 5 major waves, then we can anticipate a major topping with price to come back down into the 5s. For now the basic guide is a solid 5 waves, of course nothing stops it from being extended as typical bubble tops in the final phase can double within months, so scaling out slowly is the way to go.

https://i.postimg.cc/Ls8fzxJP/acb_big_picture.png

[suntan]

Good lord TLRY up 50% today.

[BavarianBeast]

Sept 14 $109 puts on Tilray, anyone?

Hope nobody took this seriously haha

[max_boost]

TLRY on tilt

[suntan]

And I was all set to buy CAD$17K worth back when it was around $24. Lost my nerve.

[max_boost]

Don't blame ya lol this stuff prevents me from sleeping haha

Even HMMJ gives me the jitters and I don't even buy more than 1000 shares at a time

[tcon]

Canopy Rivers (RIV) public/RTO tomorrow. Going balls deep in that shit

[cidley69]

Question about trailing stop order:

Do all trading platforms only set the trigger price once per day?

Or are there any that actually trail the price during intraday trades?

[spike98]

Question about trailing stop order:

Do all trading platforms only set the trigger price once per day?

Or are there any that actually trail the price during intraday trades?

Questrade does trailing stops. Some don't though.

[roopi]

Canopy Rivers (RIV) public/RTO tomorrow. Going balls deep in that shit

Why?

[taemo]

Didn't AUSA open at 10$ earlier today too and closed around 3$?

[Disoblige]

I'm only sticking with the semi-big to big names in the MJ sector. APH ACB TRST CWEB. I can actually sleep at night holding these names with ACB being the least trustworthy with their premature news releases and dilution issue.

[roopi]

I just read up on Canopy Rivers. I didn't realize it was a venture capital part of Canopy. Only mj stock I own CRZ does the same thing as well and has done really well but I've been in it for about 10 months.

Was ACB' s spinoff the same thing?

[997TT]

Anybody making/losing $ on tlry? Haha. Fun to watch

Anybody in planet 13? Debating taking a position in it. Just wondering if anybody else is bullish on it

[RawB8figure]

Looks like we now have a water soluble delivery system for cannabinoids . I think this will huge for edibles and beverage infused markets. Can they patent this?
C.ASNT

https://markets.businessinsider.com/news/stocks/agrima-botanicals-corp-develops-methodology-for-water-soluble-cannabinoid-delivery-1027551683

https://ascentindustries.com/

[SilverRex]

gdxj

with a clear positive divergence like that and price currently consolidating in some sort of flag or pennant formation. I do believe price is now ready to challenge the 29 area this week with top side potentially hitting the 31s if we already have 5 waves up off the low. I had a position in around mid 26s. so that should be a good stop zone for to ride this.

https://i.postimg.cc/xCjLqB31/gdxj_09-26-2018.png

[chungstachung]

anyone still in PONY?

[ExtraSlow]

Lng Canada should be a long - term positive for all gas weighted producers. Not sure if that will trickle down to pony short term.

[BavarianBeast]

anyone still in PONY?

I've been in PONY since $5. Been accumulating shares for over a year now. Still averaging around $3.50 but will hold for another year or two.

[asp integra]

I've been in PONY since $5. Been accumulating shares for over a year now. Still averaging around $3.50 but will hold for another year or two.

I have pony that I bought at 2.40. Up 32% on it right now.

What is everyone’s thoughts on MEG? I have some meg at 7.17, do you think the takeover will happen at $11 or should I sell now while it’s just over 11?

[BavarianBeast]

I think MEG is a good short term play. I bet the $11 offer will get MEG and HSE talking and will close the deal around $14 in the next couple of weeks. Your call though, I'm holding my MEG personally.

[JustinL]

What is everyone’s thoughts on MEG? I have some meg at 7.17, do you think the takeover will happen at $11 or should I sell now while it’s just over 11?

I sold today at a bit over 11. My rationale is that the market price on Friday was about 8$ and that's probably about what it was worth without an offer on the table. With the offer, it's going to stick to around $11 with some upward pressure like Bavarian Beast says, but also the possibility that the takeover doesn't materialize putting on some downwards pressure. I'm happy to take some profits and watch this one from the sidelines.

[KO22]

anyone still in PONY?


Since May 2016. Bought a lot more at 1.79 then again at 2.75. Keeping for another year or two as well

[buh_buh]

I sold my MEG at just over 11 yesterday.
If the deal falls through, we go back down to 8. Maybe the deal goes through at 14, but my average purchase price was $6 so I'll take my earnings and watch from the sidelines.

[SilverRex]

gdxj

while that mini consolidation failed overall count remains the same 1-2, 1-2. I am still expecting a breakout move back to 31s. Whether just another OMH then down she goes or the start of something great.

https://i.postimg.cc/44qHmf9Q/gdxj_10-05-2018.png

[Red@8]

Even though GGI has been beat up lately I still like it. I am adding at the $1.5x level.

[tcon]

Why?


It ended up being too rich for my blood. Glad I backed off.

[SilverRex]

Gold

been waiting for gold to breakout of this 6 week long consolidation funk. will today be the day? still waiting for gold to backtest the 1240-1260 area.

https://i.postimg.cc/QMcd0pf3/gold_10-11-2018.png

[SilverRex]

gdx

if gold infact has a real breakout this week, then I am also incline to expect gdx to make a move to challenge the 20-21 area. regardless this is only another major 3 wave correction with lower prices to come or a real move beings. the 20-21 area will be a major hurdle considering how many times it held as support over the past year. I will be taking my position off the table when it reaches this zone and reassess.

https://i.postimg.cc/9FkDFP0d/gdx_10-11-2018.png

[SilverRex]

with miners breaking out. Gdx specifically, will need to hold above 19 to keep things exciting...

[SilverRex]

with gold down today. gdx is getting close to 19. if this is a move towards 21, it must stay above 19. otherwise, this will immediately turn bearish and become another corrective A=C ABC wave wave counter trend rally with new lows ahead.

[v8killa]

Any update or thoughts on the MJ sector (ACB, WEED, APH) before Wednesday's legalization?

[SilverRex]

Any update or thoughts on the MJ sector (ACB, WEED, APH) before Wednesday's legalization?

I still expect one more high in the big 3 and still holding onto the notion buy on rumor and sell on news. once MJ legalizes, I think I want to expect a much larger correction.

[Disoblige]

APH just had their earnings today and Vic was on Midas Letter just now with no big news. APH is now doing a small dump and probably closing under $20 over the weekend. Maybe even under $19.

ACB still hanging on, but I would be surprised if we even hit $14 next week unless they actually announce the NYSE listing date. I personally sold most of my ACB to protect profits and looking to enter again at some point later.

[max_boost]

ACB all time high!

[Red@8]

Even though GGI has been beat up lately I still like it. I am adding at the $1.5x level.

Not sure if anyone got in. Up 39% today.

[dirtsniffer]

CPG is just getting destroyed.

[SilverRex]

I still expect one more high in the big 3 and still holding onto the notion buy on rumor and sell on news. once MJ legalizes, I think I want to expect a much larger correction.

well what do you know, a new high then huge sell off. it was sell on news after all. which has always been the theme with the hype. Now companies will have to show their numbers so the real winners and losers will begin to separate. If the Weed sector has topped, we could be looking at a multimonth correction.

[Disoblige]

well what do you know, a new high then huge sell off. it was sell on news after all. which has always been the theme with the hype. Now companies will have to show their numbers so the real winners and losers will begin to separate. If the Weed sector has topped, we could be looking at a multimonth correction.
Yup...
I wonder if there is a bottom fishing play available if the weakness today is overextended. I may enter an overnight position if some of the big names are 20%+ down before close. Quick in and out.
Also, ACB is expected to trader on NYSE tomorrow, so it will be interesting to see what happens there of we get a slight pop or further downside.

[bspot]

Grabbed some PONY and BTE today. I wish I had the balls to grab LABU at the open like I debated, but I'm still spooked there.

[SilverRex]

gdx

im surprised gdx wasnt able to muster enough momentum to hit the big resistance area around 21. Now that it has overlapped the previous wave high, chances are lower lows could be ahead. However gold remains strong and if gold can still hit that targeted breakout move to 1260, it could turn gdx into a bullish 1-2, 1-2 count. for the being I would say the count looks neutral. and closing below 18.14 will be the final nail to confirm the more bearish ABC headed downwards.

https://i.postimg.cc/L4WdYH58/gdx-10-26-2018.png

[BavarianBeast]

Picked up some Nintendo shares this morning . Good entry opportunity imo.

[SilverRex]

Weed

now that the legalization is behind us, I continue to believe its buy on rumor and sell on news. the MJ sector should now begin a multi-month decline at the very least for a very significant correction. Until companies can begin to proof themselves with real profits, then the next mania phase will begin.

Now unless this sector surprises everyone and suddenly catches fire and makes a new high, then you may have an extended wave 3 of 5 of 5 occurring so this would be my alt count in green. however I am still leaning towards a major correction taking place and we just had our first 5 waves down for 1 of A. Yes a serious correction could come all the way back down to the previous major wave 3/4 range which is in the 6-18 zone. a typical wave 2 could easily break below 6 bucks if Elliot wave wins yet nothing is ever 100%.

my recommendation is to think for the long haul and save your cash for a better entry. if your still riding, I would start scaling out or taking profits off the table immediately during this counter wave 2 bounce up.

https://i.postimg.cc/pXdPjjq1/weed-11-01-2018.png

[BavarianBeast]

If anybody wants a medium risk, high reward, check out SHLE (Source Energy Services). Figure you can flip for a 100%+ gain by 2019 Q1 results.

[Mogg]

If anybody wants a medium risk, high reward, check out SHLE (Source Energy Services). Figure you can flip for a 100%+ gain by 2019 Q1 results.

I'm curious what your thoughts are on why? I don't see much fracking happening in 2018 Q4 or 2019 Q1. Did I miss something?

[spike98]

I'm curious what your thoughts are on why? I don't see much fracking happening in 2018 Q4 or 2019 Q1. Did I miss something?

Curious as well. Broke its 52w low. Maybe some juicy insider titbits?

[BavarianBeast]

Couple reasons, they've got a ton of contracts where they will be able to recognize revenue on beginning in the new year. I think LNG is going to ramp up in Canada in the next short bit, firms will need sand? Chinese are buying our oil hand over fist. Management is facing a ton of pressure to purchase at these levels, my guess is the management team will start accumulating a ton of shares in the next few weeks.

It's definitely a bit of a crap shoot, but I think there is quite a bit of upside at these levels. I only allocated a 2% stake from my overall portfolio towards it around $2. Will hold until May..

[Disoblige]

Hmm.. Strictly because it's November, I'll let it bleed a bit more closer $1.50. Might be a weird/dumb reason, but I'll start a position around there.
Gonna do more DD on this one.

[Magic8Ball]

gdx

im surprised gdx wasnt able to muster enough momentum to hit the big resistance area around 21. Now that it has overlapped the previous wave high, chances are lower lows could be ahead. However gold remains strong and if gold can still hit that targeted breakout move to 1260, it could turn gdx into a bullish 1-2, 1-2 count. for the being I would say the count looks neutral. and closing below 18.14 will be the final nail to confirm the more bearish ABC headed downwards.

https://i.postimg.cc/L4WdYH58/gdx-10-26-2018.png

Well...I own Some MUX.TO, USA.TO, HIVE and JNUG. all of which I am WELL down on. hehe, What a disaster...anyone have a crystal ball with good news about precious metals to curb my anxiety? SilverRex, still thinking anything below 18.14 GDX will signal further down side for the gold market sector? Seems we are heading there...

[BavarianBeast]

Hmm.. Strictly because it's November, I'll let it bleed a bit more closer $1.50. Might be a weird/dumb reason, but I'll start a position around there.
Gonna do more DD on this one.

Good call :rofl:

[Misterman]

Suncor and Pembina are both great short or long term plays right now. I prefer to keep them short term, buy on a dip and sell with a decent little profit, then rebuy on another dip.

Pembina made 300mil on their Redwater facility last year, they're forecasting 600mil going forward. Pembina is slightly sheltered from oil which is great with the way things have been.

Suncor is in a slump due to oil prices, but they are very well situated and will come out of things better than any of these other Canadian oil sands projects.

I already did a 2 day flip on these for 1000$ each a few days ago. I'm back in on Suncor as of last weeks slump.

[BavarianBeast]

fuuuuuck why can't we just light up that Saudi prince

[sexualbanana]

Suncor and Pembina are both great short or long term plays right now. I prefer to keep them short term, buy on a dip and sell with a decent little profit, then rebuy on another dip.

Pembina made 300mil on their Redwater facility last year, they're forecasting 600mil going forward. Pembina is slightly sheltered from oil which is great with the way things have been.

Suncor is in a slump due to oil prices, but they are very well situated and will come out of things better than any of these other Canadian oil sands projects.

I already did a 2 day flip on these for 1000$ each a few days ago. I'm back in on Suncor as of last weeks slump.

I really feel like I should've done that with Cenovus. They hit up to 50% gain a couple times before dipping back to 15%. I'd be up a couple K if I'd done that, but I originally convinced myself to buy Cenovus long so I didn't want to deviate from the strategy.

[BavarianBeast]

What a depressing past couple of months. I keep thinking I should liquidate my stocks and buy a couple carrera GTs. Probably do better holding cars than stocks right now!

[VWEvo]

What a depressing past couple of months. I keep thinking I should liquidate my stocks and buy a couple carrera GTs. Probably do better holding cars than stocks right now!


I feel your pain man. For what its worth, I've lost a tonne. Funny enough, I never invested much in stocks until the last year or so. I've always wasted money in cars. At least with cars I had something to show for it.

[ercchry]

If you’re picking losers consistently... try hitting the sell button instead of the buy one :rofl:

[BavarianBeast]

Sorry to hear VWEVO. Sucks that when you decided to get into the market, everything goes south. I've heard of numerous folks talking about their retirement funds going up in smoke this year, depressing times for a lot of people.

It's not that I'm picking losers consistently, it's just the losers have done a lot worse than my good picks. I've got a very diverse portfolio, but fuck the only gain I've really seen since September has been a short position I opened up on WEED and my position in Thompson Reuters...

Hard for me not to play the stock market as it's done well for me in the last 10 years, but this last quarter has just been a fucking slaughter.

[rx7boi]

Shiet, take a ride in the TTRS and all will be right in the world again :rofl:

I kid, I kid, but losses can be a huge bummer.

[BavarianBeast]

That's the game I suppose. Win some, lose some. Can't always be sunshine and roses.

Cars do make everything better though.. :D:burnout:

[max_boost]

I feel you guys haha

[Misterman]

If you’re picking losers consistently... try hitting the sell button instead of the buy one :rofl:

Legit I looked at this as a strategy for trading. They say 90% of people lose money in the stock market, which means doing the opposite of what everyone else is doing should net a profit. Basically just short anything you get a tip on. So far I don't think there has been a single thing I could've lost on by doing this the last few years.

[Sugarphreak]

...

[max_boost]

Yeah, but then you'd be branded a "panic seller"... lol

you buy more! it's on sale! cheap cheap

lol hurts to look at the portfolio

was okay with losing all my gains but now it's dipping into the red! :( :cry:

[ercchry]

Yeah, but then you'd be branded a "panic seller"... lol

You can still panic sell shorts! But yeah... I think you confused an investing platform for a trading one... completely different strategies

[phreezee]

Bought some BTE today at $2.

[vengie]

Bought some BTE today at $2.

Step energy is looking very attractive at <$2

[phreezee]

Step energy is looking very attractive at <$2

Services are too risky given the expected low capital budgets next year. Would consider at ~$1.50.