Official Short-term Investments Thread

[SilverRex]

gold

locking in my JDST 20% profit. with a poor ISM data, it may have just bottom out the gold/pm sector. Technically they broke the previous low for an ABC. While it had not quite reach down to where I wanted but price is more important at this time. if gold takes out 1485, it would mean something else is at play.

edit: started a position in Jnug yesterday near the close. Will add more if pm dives as if there is a new low, it will be OML (lower low) otherwise I am now expecting gold sector to turn
edit: staying on the side line after gold made 5 waves up. Will buy lower or sell higher but not here.

[SilverRex]

Gold

when gold broke down below wave (A), if this was the begging of a real sell off, this area should have became a strong resistance. however price broke thru and now I have to consider this as a very good A=C correctional pattern. The only alt count (if miners still have a lower low ahead correction not done) is to see gold produce some sort of ending diagonal 5 waves down, a good example of this pattern is what we saw for gold between Feb-Apr this year but in a smaller scale.

edit: in JDST here with gold at 1502
edit: not dropping over night, exiting with no loss. wait for a higher short
edit: usa.to as well as some other pms I track have 5 up and 3 down. this looks dangerously it wants to pop. scaling into jnug small position. if gold/pm takes out yesterday's high this may be wave 3 breakout for a new high.
been loading up usa.to on this correction . will see if it will pay off

https://i.postimg.cc/QVZdNt4V/gold-10-02-2019.png

[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

the MJ sector. trying to pick the bottom was futile, exited all my weed position last week after technically all were in breakdown mode. Going back to Nov 2018, I should have just stuck to my big picture count. As we finally are seeing the wave C break down occurring across the sector. The sell on news when MJ was legalized in Oct 2018 was indeed the right call. Weed had completed wave (A) down to about 35 since the top, a wave (B) back up to 70 and now wave (C) which is usually the more scary would land some where in the blue box.

I will be looking to buy back much lower after the slaughter is done.

[SilverRex]

gdx

looking at gdx, we so far have 5 waves down and 3 waves up. (B), I am expecting a drop to some where in the 24-25 area for the wave (C) bottom. Will be holding my JDST until I at least see gdx break below wave (A). This is my primary count. If gdx invalidates and takes out the wave (B) top, then obviously this means this setup has failed, I will have to exit and turn bullish immediately. the 24 area is also near the 200 day moving average and gap left on the daily chart.

https://i.postimg.cc/jSs64mPK/gdx-09-26-2019.png

im not getting good vibes with miners, even though metals look bullish, miners are struggling and looks very corrective with the latest slow grinding upwards. decided to exit my position and wait for a better entry.

[SilverRex]

Gold

to remain bullish it needs to turn around here, if gold/silver breaks below the low on oct8, then lower low ahead.

[SilverRex]

TLRY

this is the first to dip to a good buy zone for me. I see a pretty close to complete 5 waves down, opening a small position here. If TLRY capitulates further under 20, will add another position. With the 1 year Cannabis legalization anniversary upon us , regardless if this sector has any more upside or life left, I expect a very good technical bounce out of the sheer over sold conditions of late.

[SilverRex]

gold/silver

while i am still waiting and leaning towards gold to break lower <1458, I have to keep an open mind that count wise, it is still within a 5 up and 3 down setup which generally can be seen as a bullish count. Same with miners. I may have to switch gear and jump back in to a long position if it takes out yesterday's high imo

[BavarianBeast]

nope, missed this one unfortunately. Will watch over the next few weeks and if dips below $19 i will accumulate shares.

I wouldnt touch lyft or uber with a 30ft pole. Dumping money into companies that lose billions of dollars each year does not sound like a good investment decision imo. I don’t think those companies will ever figure out how to be profitable lol.

Encourage everyone who is interested in a potential huge winner, check out clsd clearside biomedical.undervalued and will be generating some major revenue here shortly with fda approval of a new drug + other shit in pipeline. Do your dd, but i'm in deep on this one as an extremely risky play,but upside could be 600%+ easily.

$clsd. averaged down to 90 cents and ready to rip.

Here we go

[SilverRex]

Natgas

Natgas is in a major up cycle. my medium term target is in the 3.50s. Looking to buy on the corrections. So far Natgas has given 3 waves up and has topped in the short term. It has formed a down channel. I have taking one position around the current price. If I see 2.3-2.4, I will double up my position

https://i.postimg.cc/fyvN3syt/natgas-09-26-2019.png

been buying all the way down to 2.2, with natgas seasonality peaking in oct and entering potentially another low cycle in nov/dec. going to just take my profit here. will wait for a better risk/reward entry.

[BavarianBeast]

$clsd. averaged down to 90 cents and ready to rip.

Here we go

88086

[brucebanner]

$clsd. averaged down to 90 cents and ready to rip.

Here we go

Are you planning on dumping it today or seeing how it does for the rest of the week?

[BavarianBeast]

Are you planning on dumping it today or seeing how it does for the rest of the week?

Nah, planning on holding for a while. Still lots of upside to come.

[rx7boi]

Shiet, BB does it again.

[brucebanner]

Nah, planning on holding for a while. Still lots of upside to come.

What's your forecast? I may have bought some with "beer money" as someone described eariler in this thread.

---

Who's got some good investing book recommendations (for beginners)?

[BavarianBeast]

Could be volatile for a while, but so many catalysts to drive the share price up. XIPERE for NDA acceptance on DME, new contracts, U.S launch, possible buyout... they’ve got a good team and good technology to position themselves for some serious growth.


Shiet, BB does it again.

Finally eh haha

[brucebanner]

Could be volatile for a while, but so many catalysts to drive the share price up. XIPERE for NDA acceptance on DME, new contracts, U.S launch, possible buyout... they’ve got a good team and good technology to position themselves for some serious growth.

Appreciate the insight

[rx7boi]

Could be volatile for a while, but so many catalysts to drive the share price up. XIPERE for NDA acceptance on DME, new contracts, U.S launch, possible buyout... they’ve got a good team and good technology to position themselves for some serious growth.



Finally eh haha

Well, I mean you have been out since May haha.

You came back with a vengeance exactly when you said you would.

[bjstare]

What's your forecast? I may have bought some with "beer money" as someone described eariler in this thread.

---

Who's got some good investing book recommendations (for beginners)?


Start reading and watching videos on investopedia.com. You can learn tons there.

[SilverRex]

Gold/PM

been waiting for the shoe to drop for a while, finally the action today looks impulsive. Looking for gold/pm sector to find a bottom in the next couple of days. Ideally I want to see both gold.pm make new lows. I will be loading up with this final OML drop.

[BavarianBeast]

Picked up Chesapeake energy just now. Quick flip $1.31 avg

[msommers]

What made you choose that one? What stuck out to buy?

[asp integra]

Picked up Chesapeake energy just now. Quick flip $1.31 avg

Interesting, down to 1.06 today. Where do you see this heading?

[BavarianBeast]

Like the company and thought there was a bit of an overreaction to their low sales and earnings. Stop loss triggered this morning though and I’m out for now.

[roopi]

Interesting, down to 1.06 today. Where do you see this heading?

Bankruptcy

[BavarianBeast]

Yeah probably, was banking against it though. Might re-enter tomorrow, definitely a very high risk play.

[Brent.ff]

TFSA question - i have some random stocks that have done crap, so are in the red. My advisor says to not bother selling as i can't deduct capital loss.. but im sick of looking at them.. thoughts? None of them are really risking any serious money, so not that concerned of being in the red (past a little annoyance of my younger self)

[killramos]

If you think they are going nowhere there is no harm in selling and putting the proceeds into something else.

Booking a loss isn’t the only reason to sell a stock

[rx7boi]

TFSA question - i have some random stocks that have done crap, so are in the red. My advisor says to not bother selling as i can't deduct capital loss.. but im sick of looking at them.. thoughts? None of them are really risking any serious money, so not that concerned of being in the red (past a little annoyance of my younger self)

+1 to what killramos said.

Sunk cost fallacy. If they're garbage and not worth keeping, get rid of them.

[jwslam]

Be mindful that you may lose contribution room.

i.e. you bought $20k of some shit stock
it's down to $10k and you withdraw that cash.
next year you can only put in $10k

Similarly if you have $20k stock and withdraw when it grows to $30k you can add $30k next year to TFSA

*next year, not inclusive of the additional annual contribution room

[killramos]

Just keep the proceeds of the sale in the TFSA and you don’t have to worry about the effect of contribution room.

[rx7boi]

On another note, new highs for the S&P and TSX.

Hope this momentum keeps going but trade war bullshit is going to bring it back down.

[killramos]

Picked up Telus after the sector sell off when Rogers posted shit earnings. That turned out well.

[BavarianBeast]

Market is having some huge overreactions these days. Picked up a fuck ton of DIRTT today for $4.50!!!

[cloud7]

Sold GOOS.TO earlier in the week. Turned out to be a good decision for once. It's down almost $9 already Looking closely for a chance to buy back in.
ACQ.TO made a big jump today after they released their results. This is a long term hold for me but it hasn't really done well for the past year.

[ThePenIsMightier]

Market is having some huge overreactions these days. Picked up a fuck ton of DIRTT today for $4.50!!!

Like, Smed's DIRTT (before they fired him and then sued his new Co)?

[cloud7]

Sold GOOS.TO earlier in the week. Turned out to be a good decision for once. It's down almost $9 already Looking closely for a chance to buy back in.
ACQ.TO made a big jump today after they released their results. This is a long term hold for me but it hasn't really done well for the past year.

Just got back in to GOOS.TO at $47

[rx7boi]

Looks to be a good buy. Lots of upward potential since the 52 week low is only $42.

Good luck!

[Chandler_Racing]

Market is having some huge overreactions these days. Picked up a fuck ton of DIRTT today for $4.50!!!

I don't know the market is over reacting to news but it's priced around 82x P/E on a trailing basis.

They have also gone from 20% growth rates to flat to negative, shrinking margins and have had some significant operational issues.

Hard to say if the recent drop is capitulation but in my view there is still more downside risk.

[BavarianBeast]

$clsd. averaged down to 90 cents and ready to rip.

Here we go

Up just over 100% 4 weeks later

[spike98]

Up just over 100% 4 weeks later

I had a trailing stop loss trigger on me today on one of the wild swings. Got me out at 1.71 which is about a 60% gain. Im tempted to run with my money but i'm also FOMO'ing hard. Id bed there is a pullback after the rally and was thinking of getting in then. Is there that much upside left?

[BavarianBeast]

I had a trailing stop loss trigger on me today on one of the wild swings. Got me out at 1.71 which is about a 60% gain. Im tempted to run with my money but i'm also FOMO'ing hard. Id bed there is a pullback after the rally and was thinking of getting in then. Is there that much upside left?

My price target is $4.50, have my shares for sale at that price.

[BavarianBeast]

#freedom30

[davidI]

I had a trailing stop loss trigger on me today on one of the wild swings. Got me out at 1.71 which is about a 60% gain. Im tempted to run with my money but i'm also FOMO'ing hard. Id bed there is a pullback after the rally and was thinking of getting in then. Is there that much upside left?

I stopped using trailing stops after getting pushed out of a small-cap (BIM) by someone who was buying up as much as they could before a major price run-up due to their acquisition. Definitely someone acting on insider info or one helluva gut hunch. Now I just play the long-term game.

[rx7boi]

Just locked in a 25% gain on $SHOP.

Going to buy back in after the pullback.

[BavarianBeast]

$clsd. averaged down to 90 cents and ready to rip.

Here we go

To the moon baby

[jacky4566]

Awful quiet around here. Nobody has any wall street bets for the new year?

[msommers]

Hopefully some folks were holding Apache, +27%

https://markets.businessinsider.com/news/stocks/stock-alert-apache-shares-surge-1028801719

[Disoblige]

Awful quiet around here. Nobody has any wall street bets for the new year?
Short cannabis :D

[BavarianBeast]

Awful quiet around here. Nobody has any wall street bets for the new year?

Too busy shopping for an Aventador and sipping pina colada's on the beach from my 2019 gains to care about what’s going on in 2020. :devil:

[max_boost]

Short cannabis :D

lol oh god - i have a buy order for 6.66 hmmj hehe

- - - Updated - - -


Too busy shopping for an Aventador and sipping pina colada's on the beach from my 2019 gains to care about what’s going on in 2020. :devil:

at least someone is killing it!

[BavarianBeast]

Anavex Life Sciences :thumbsup:

[you&me]

Anavex Life Sciences :thumbsup:

Up 6% today and about 25% in the last month... Is this one of your previous calls, or are you calling it now?

[JfuckinC]

Too busy shopping for an Aventador and sipping pina colada's on the beach from my 2019 gains to care about what’s going on in 2020. :devil:

k just open a fund or whatever it's called and take our money and get us on your level haha

[BavarianBeast]

Up 6% today and about 25% in the last month... Is this one of your previous calls, or are you calling it now?

Just calling it now.


k just open a fund or whatever it's called and take our money and get us on your level haha

I was somewhat kidding, but I wouldn't sleep at night and would feel sick handling other peoples money the way I handle mine in the market haha. A lot of my trades recently I've thrown over 30% of my portfolio into extremely high risk plays.

[you&me]

Just calling it now.



I was somewhat kidding, but I wouldn't sleep at night and would feel sick handling other peoples money the way I handle mine in the market haha. A lot of my trades recently I've thrown over 30% of my portfolio into extremely high risk plays.

Sounds like some serious skin-in-the-game conviction... I'm in! :bigpimp:

[jwslam]

88955

Only bring it back when it's 10fold

[arcticcat522]

88955

Only bring it back when it's 10fold

What he said...im in

[spike98]

Anavex Life Sciences :thumbsup:

Id do my own DD before putting a pile of money into this. It screams Pump and Dump based on the CEO and companies history. The SEC were also after the guy in 2015.

[BavarianBeast]

I did my DD, this was the article that sparked my interest: https://www.moneyshow.com/articles/tptp2020-53310/top-picks-2020-avanex-avxl/

The 30% I was referring to went into CLSD and its sitting just over 2x return.

[spike98]

I did my DD, this was the article that sparked my interest: https://www.moneyshow.com/articles/tptp2020-53310/top-picks-2020-avanex-avxl/

The 30% I was referring to went into CLSD and its sitting just over 2x return.

I guess replying with your quote implied i was speaking directly to you. It was more a warning to others. Sometimes people follow the hype of others blindly without assessing their own risk.

I for one wouldn't trust An article written by BI Research with a website looking like this: https://biresearch.com/

[oogaboogie]

I did my DD, this was the article that sparked my interest: https://www.moneyshow.com/articles/tptp2020-53310/top-picks-2020-avanex-avxl/

The 30% I was referring to went into CLSD and its sitting just over 2x return.

It’s an intriguing prospect - especially with its Alzheimer medication.... if it’s pipeline concerning the debilitating neurological diseases does click then the returns could be astronomical. I'm in for a smallish position and will be adding more!

[phreezee]

Swing trading NIO is a gold mine. Minimum 20% every few weeks.

[BavarianBeast]

Good week fellas

[phreezee]

Moved money to FCEL when NIO didn't drop last week and it payed off 16%.

[phreezee]

Nice day for BYND, out at $126. Hoping for another entry under $110.

[spike98]

Nice day for BYND, out at $126. Hoping for another entry under $110.

I sold my options at a bit of a loss because IV was kicking my ass. Pissed at this jump today lol.

[suntan]

Just locked in a 25% gain on $SHOP.

Going to buy back in after the pullback.

This fucking stock.

[rx7boi]

This fucking stock.

Haha, I know man. I was waiting for a pullback but it's climbing to the moon.

That said, could always jump back in but it's hard to gauge in the short term when this gravy train will end.

I'd rather miss out on gains since most of my portfolio is in index funds anyway so I'll always have something to be happy about.

If I was to get back into $SHOP at its current price, it will be a long term hold.

[FunWheelDrive]

Haha, I know man. I was waiting for a pullback but it's climbing to the moon.

That said, could always jump back in but it's hard to gauge in the short term when this gravy train will end.

I'd rather miss out on gains since most of my portfolio is in index funds anyway so I'll always have something to be happy about.

If I was to get back into $SHOP at its current price, it will be a long term hold.

Doesn't that make no sense to anybody?

S&P stocks are at insane evaluations and gains, ask yourself what has Home Depot or Nike done in the last ten years to result in a 900+ % plus increase from 2008

[rx7boi]

I was probably trying to tie too many thoughts together at the same time. My couch potato index funds aren't to be touched for the next 20+ years.

The point is that if I were to buy $SHOP now, it wouldn't be for swing trading purposes as it was before.

You're right though, the valuations are insane and right now and it's a tougher time to be a value investor.

[S-FLY]

Doesn't that make no sense to anybody?

S&P stocks are at insane evaluations and gains, ask yourself what has Home Depot or Nike done in the last ten years to result in a 900+ % plus increase from 2008

At a quick glance, Home Depot has increased Sales, Profit, Net Earnings and repurchased billions of their stock back.
Look at their annual financial reports. https://ir.homedepot.com/~/media/Files/H/HomeDepot-IR/2019_Proxy_Updates/HDAnnualReport2018.pdf

Nike has done the same, with exception to 2018 EPS. Their dividend has increased every single year in the last 10 years.
http://investors.nikeinc.com/investors/stock-information/?toggle=dividends

[FunWheelDrive]

Home Depot isn't even the worst bubble in the S&P500 I don't understand how anybody looks at these charts and isn't at least cautious with how they're trading these stocks. Price discovery means nothing anymore, and if I had to guess I bet most people aren't looking just throwing money at passive investing

89154

[Buster]

Home Depot isn't even the worst bubble in the S&P500 I don't understand how anybody looks at these charts and isn't at least cautious with how they're trading these stocks. Price discovery means nothing anymore, and if I had to guess I bet most people aren't looking just throwing money at passive investing

89154

What story does that increase tell you?

[FunWheelDrive]

What story does that increase tell you?

If you're trying to invest in HD or Nike or a bunch of other S&P500 names, you probably have missed the boat. Just be cautious, and set stop loses.

However, just like all bubbles, who knows how long it will keep inflating, and the more it inflates the worse it will be when we have a drastic market correction, one that we haven't have in over 10 years.

[Buster]

So it's just a market psychology driven bubble?

[JustinL]

If you're trying to invest in HD or Nike or a bunch of other S&P500 names, you probably have missed the boat. Just be cautious, and set stop loses.

However, just like all bubbles, who knows how long it will keep inflating, and the more it inflates the worse it will be when we have a drastic market correction, one that we haven't have in over 10 years.

Agreed. Low interest rates for a long time have driven stock prices overly high. We saw what happened when the Fed tried to bump them up one notch December 2018. Trump browbeat the Fed into dropping them down again to keep the party going. I don't know how it will play out, but continuous lowering of interest rates can't last forever.

[FunWheelDrive]

So it's just a market psychology driven bubble?

It's all how these stocks are tied to these index funds and ETF's. These index funds move billions and billions of dollars a day. The stock's themselves often move less than 10 million a day in trading volume.

HD as an example, 10 day volume average is 5.8 Million. (Most move less than 5 Million Dollars a day) What happens if these index funds capitulate and there is no trading volume in the stocks to absorb the stocks being sold off?

[suntan]

It's simply the January effect. February everything will go down 58.4%.

[Buster]

It's all how these stocks are tied to these index funds and ETF's. These index funds move billions and billions of dollars a day. The stock's themselves often move less than 10 million a day in trading volume.

HD as an example, 10 day volume average is 5.8 Million. (Most move less than 5 Million Dollars a day) What happens if these index funds capitulate and there is no trading volume in the stocks to absorb the stocks being sold off?

Are you suggesting that index funds are significant participants in price discovery?

[BavarianBeast]

$clsd. averaged down to 90 cents and ready to rip.

Here we go

Sold today for just over a 200% gain. Still think there is potential, just moving the cash into another opportunity. GLTA who are invested.

[dirtsniffer]

new opportunity being?

[rx7boi]

Anavex Life Sciences as per his post a couple pages back?

[BavarianBeast]

Private investment into some plant based medicine. CLSD was my big dice roll for the year and it paid off. Anavex still has about 2% of my portfolio.

[16hypen3sp]

Bought 36500 shares of TECR a couple weeks ago at 2 cents per share. Sold shortly after. Wondering if I should sit in my garage with the car running... damn. Missed out on that one.

[riander5]

Bought 36500 shares of TECR a couple weeks ago at 2 cents per share. Sold shortly after. Wondering if I should sit in my garage with the car running... damn. Missed out on that one.

Whew what a couple of days. How did you stumble on them?

[msommers]

Offshore Guyana is looking really positive lately :clap:

[16hypen3sp]

Whew what a couple of days. How did you stumble on them?

Honestly, I was just doing some research on what to buy and found some insider buying quite a bit. Decided I’d buy some and have a sell target of 0.059 per share. I’m on vacation right now and I just looked at the stock again.... fuck me, what a mistake I made. Lol Jesus... oh well. Could be worse, I could have lost money. Back to searching for a new pick.

[BavarianBeast]

Sold all my stocks today. Returned 102% on my overall portfolio in 2020. Took some huge risks and reaped the rewards.

Time to unplug for 6 months and not give a fuck, good luck to everyone!!!

[ExtraSlow]

Sold all my stocks today. Returned 102% on my overall portfolio in 2020. Took some huge risks and reaped the rewards.

Time to unplug for 6 months and not give a fuck, good luck to everyone!!!

Nice buddy.

[BavarianBeast]

Thanks, not to mention I have this gut feeling of impending doom within the markets. Lol

[arcticcat522]

Thanks, not to mention I have this gut feeling of impending doom within the markets. Lol

Is that code for you think Trump will be impeached? Among other things...

[BavarianBeast]

I don’t think trump will impeached personally, but yeah I’m sure the gut feeling has something to do with how systematically fucked the world is becoming. Thinking mental health and wellness are going to be a huge trend in the next few decades and feel better about moving my money into those fields too..

[you&me]

That's a really good hit, especially less than a full month into the year!

If you're feeling flush and need a something to do with your recent windfall, I understand some of the local social clubs are accepting new members :rofl::bigpimp:

[Inzane]

Returned 102% on my overall portfolio in 2020.

Over 30 days?

[BavarianBeast]

Thanks, time has gone by extremely slow the last couple of months. Turns out strategically gambling a big portion of your money is stressful as fuck and takes a toll!

Lol! That’s a good plan, been looking at Ranchmen’s Club but not sure my dick has the right swing to it.

[msommers]

Conversely, you could start a club, at Ranchmans.

[vengie]

Thanks, time has gone by extremely slow the last couple of months. Turns out strategically gambling a big portion of your money is stressful as fuck and takes a toll!

Lol! That’s a good plan, been looking at Ranchmen’s Club but not sure my dick has the right swing to it.

You’ve always struck me as a bridge player

[BavarianBeast]

Sounds like some serious skin-in-the-game conviction... I'm in! :bigpimp:

Are you still holding Anavex?

[civicHB]

Are you still holding Anavex?

i'm still in, great returns past 2 days.

[ThePenIsMightier]

GOOS.TSE
I was positive it would happen in 2020, I just didn't think it would happen this quickly. I've seen a lot of broke-ass people wearing these jackets and even children. I just knew 2020 would be the year I'd see a homeless dude wearing one. It's happened already.
89333

Where does the stock go from here?