Official Short-term Investments Thread

[mr2mike]

Largest XEG drop since covid.

[max_boost]

I was gonna buy a massive chunk of xeg 1 year ago but bought tlry instead lol :rofl:

[ExtraSlow]

What is bonus season?

[jwslam]

TVE under $4 is a gift.
This gift kept on giving :cry::cry:

[killramos]

What is bonus season?

Comes every 2 weeks

[Ekliptix]

I dumped all my Suncor back when they hit 34$, was in at 20$.

My SPXS is up 15% in the last 3 days. I'm expecting some big upside there in the next 6 months or so.

Interesting, I've never know about inverse ETFs. It'd seem if you're betting on markets going to hell, a recission, etc they're one way to profit.

[BavarianBeast]

What is bonus season?

Throw me a frickin bonus here

[zechs]

LNG treated me well with the 30% odd gains over the past couple weeks so I got out. New focus is RUM as I think demand will continue to grow for a youtube alternative, and their backend services are top notch. Still need to work on the app, but they take direct feedback from their top content creators so I expect it to improve.

Does everyone do energy stocks (seem oil focused) in here simply because of your exposure to the industry?

[mr2mike]

This gift kept on giving :cry::cry:

Yeah, fucking politics and world sentiment. Nuttall needs to get more coverage on it.

[ExtraSlow]

Your short term investment may become a long term investment.

[BavarianBeast]

A couple years isn’t that long to hold anything

[zechs]

Elon Musk just reconfirmed his bid to buy Twitter at the original $54.20 price

https://www.bloomberg.com/news/articles/2022-10-04/elon-musk-proposes-to-proceed-with-twitter-deal-at-54-20-a-share-twtr

Not bad purchasing at $40

[killramos]

Is this the same as saying “you can’t fire me, I quit”

[mr2mike]

SPXS seems like a day to buy it if you wanted.

[dimi]

I would be very wary of leveraged ETFs with this much volatility. That thing swings the wrong way for a few days and you're royally fucked.

I do agree with the sentiment though.

[bjstare]

I would be very wary of leveraged ETFs with this much volatility. That thing swings the wrong way for a few days and you're royally fucked.

I do agree with the sentiment though.

The main purpose for leveraged ETFs is for trading during high periods of volatility. They're not for hodling.

[Misterman]

SPXS seems like a day to buy it if you wanted.

Yup, just keep acquiring more every time the market has these little bounces. There isn't going to be any new highs getting broken on the S&P500 any time soon. I'm just waiting for the likely inevitable drop, and then cashing out my 50-75% return.

- - - Updated - - -


The main purpose for leveraged ETFs is for trading during high periods of volatility. They're not for hodling.

Seems to be a common perspective on them. Yet if you look at the all time chart on any of these leveraged bull etf's, they have some pretty strong returns over the long haul. I definitely wouldn't sit in a bear etf for any prolonged period of time though.

[ExtraSlow]

I'm not an expert on this, but no.

[Disoblige]

Leveraged ETFs ... "if you look at the all time chart on ANY leveraged bull ETF"... strong returns.. over long haul...



LMAO.

I want what this guy is smoking.

[bjstare]

Seems to be a common perspective on them. Yet if you look at the all time chart on any of these leveraged bull etf's, they have some pretty strong returns over the long haul. I definitely wouldn't sit in a bear etf for any prolonged period of time though.

Of course it's a common perspective; it's objectively correct.

[max_boost]

EYEDD2l0YUw

[ercchry]

^^called it :rofl:

[max_boost]

:rofl: :rofl:

I hope this lesson is helpful

[Misterman]

Leveraged ETFs ... "if you look at the all time chart on ANY leveraged bull ETF"... strong returns.. over long haul...



LMAO.

I want what this guy is smoking.

You'd think it would be common sense to at least glance at a chart before replying. I might be naive in saying this, but I do believe that $63 is exponentially more than $3. :dunno: That's about a 2100% gain in 13 years.

https://ca.finance.yahoo.com/chart/SPXL#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

[Misterman]

Of course it's a common perspective; it's objectively correct.

Well I'm not claiming to be a financial manager, but I can read a chart. If you can describe what factors make this inaccurate without using the word "decay", I'm all ears.

[ExtraSlow]

It's my opinion that you are back-testing an unusual product against an unusual period in history and seeing unusual results.

That's my opinion, and I have no chart to back it up. As always, do your own due diligence, set a limit and play within it.

[Misterman]

It's my opinion that you are back-testing an unusual product against an unusual period in history and seeing unusual results.

That's my opinion, and I have no chart to back it up. As always, do your own due diligence, set a limit and play within it.

I'm looking at the chart from the inception of the fund, not from a specific window in history. If you want to insinuate that the fund was started at a unique time in history that allowed it to coincidentally be profitable, that's a fair argument to make. However one can simply look at an all time chart for the S&P500 to have an idea how a leveraged bull fund would perform over all of history. The entire basis of stock market investing is based on the fact that indexes gain an average of 10% per year. If you 3x leverage that, in theory you'd see much bigger swings in the down turns years, but overall should be 30% per year average return.

S&P500 since it's inception has returned roughly 3000%. If someone wants to explain in laymen terms why 3x leverage of that is somehow negative instead of 9000%, I'm all ears.

[Disoblige]

I know Misterman is controversial on here in general and I don't mind any of it before, but this thread alone on the comments he is making has lost him all credibility. Like real Mar level shit here.

[Misterman]

I know Misterman is controversial on here in general and I don't mind any of it before, but this thread alone on the comments he is making has lost him all credibility. Like real Mar level shit here.

So you don't know either hey? Seems like nobody does.

I acknowledged that general consensus is to not hold leveraged ETF's long term, but that the chart seems to say otherwise. What is lacking credibility about that? I didn't advise anyone to do it, I didn't claim I'm doing that myself, I simply noticed that the data doesn't quantify the consensus. I was actually hoping someone might have some knowledge on the subject to discuss it and fill me in.

My only other posts in this thread for the past few years have been me posting when I purchase something, and then posting again down the road when I sell. And those have all been massively profitable trades. So again, I'm not sure what part of my posting in this thread is lacking credibility?

[ExtraSlow]

Posted this in the wrong thread, because I am apparently like that.

I'm not smart enough to explain it but you can make the mathematical proof with a spreadsheet and a random number generator if you like.
This link does its best to explain.
https://bfy.tw/Td3F
https://forums.beyond.ca/threads/416621-Hockey-Canada-Sponsors-pull-out?p=5084745#post5084745

But I was serious about the spreadsheet. Might also be worth reading the fine print on the prospectus. It's a pain in the dick, but worth your time.

[Misterman]

Posted this in the wrong thread, because I am apparently like that.

https://forums.beyond.ca/threads/416621-Hockey-Canada-Sponsors-pull-out?p=5084745#post5084745

But I was serious about the spreadsheet. Might also be worth reading the fine print on the prospectus. It's a pain in the dick, but worth your time.

I was hoping for something more than "I read a random Investopedia article that says so" I've read those as well, as mentioned above. I know the internet never lies............... so it's odd that the charts don't line up with internet folklore.

In any sense, this is the short term investments thread. I have made a short term investment in a leveraged bear ETF. Just sharing about it here. I'll share again when I sell it. If it's unprofitable you can shit talk me all you like if that is the true hidden intention of the thread.

[ExtraSlow]

That's a Texas-sized 10-4.

[DonJuan]

I have made a short term investment in a leveraged bear ETF. Just sharing about it here. I'll share again when I sell it. If it's unprofitable you can shit talk me all you like if that is the true hidden intention of the thread.

Disclose the ETF so we can also confirm double meat sub or washroom sink water bottle fill.

[mr2mike]

Confirm, Dasani reusable or Yeti for sink water.

[DonJuan]

Confirm, Dasani reusable or Yeti for sink water.

I got a supplier branded Yeti bottle a couple years ago. Super sweet; wife stole it from me.

[cdnsir]

Anyone uses IBKR? Thinking about opening an account and didn’t want to waste the free referral. PM me.

[ercchry]

Anyone uses IBKR? Thinking about opening an account and didn’t want to waste the free referral. PM me.

The referral system’s fine print is my least favourite part about them (besides the whole GME thing)… but just can’t beat the fees on options… sigh…

https://ibkr.com/referral/eric346

[cdnsir]

Thanks! Yeah questrade is $11 + $1 for each contract on top. Not a lot but it adds up quick

[ercchry]

Yeah, questrade is pricy, especially when talking big volumes of cheap OTM options… they win for stocks though, especially registered/cash accounts as they don’t make you wait 3 days for the sale to settle where as IBKR does… IBKR is my options account though… looks like I’m just a pure degenerate over there as conservatives stocks are Questrade or RBC accounts :rofl:

[cdnsir]

LOL. This is the way.

Leave rrsp at questrade. Moving tfsa to ibkr as a Lambo-savings account.

[jacky4566]

I moved everything to IBKR. Screw QT and thier fees...
I went from 3-400$/ month down to $50 so its worth switching.

Here is my referral:
https://ibkr.com/referral/jackson329

[asp integra]

IBKR is the best. Options contract pricing is so cheap

[Pacman]

I moved over from RBC to IBKR last year as I was tired of the fees that Royal Bank was hitting me with for option trading. I'm not a complex, high volume option trader but they start to add up.

I'm happy with IBKR. I don't use the software anywhere close to it's full capabilities for the type of trading I do. I can see why a lot of hardcore traders use it. Their software is antiquated and will take time to learn. I use their basic online system and find that complex. The downloadable desktop software looks like it was programmed in 1988 in the basement of a Stanford computer lab by programmers who never intended for it to be used by anyone other than themselves.

[killramos]

Tomorrow is going to be a very good day to be a Birchcliff shareholder

[DonJuan]

Tomorrow is going to be a very good day to be a Birchcliff shareholder

Ok, why...

[killramos]

Huge special announced, 2023 guidance FCF is massively ahead of street expectations. they were projected to dividend $20MM this year before today, with todays announcement its $72MM… and another $213 next year.

They are just puking profitability with low base decline, low sustaining capex requirements, and heavy US physical gas exposure.

[ExtraSlow]

puking profitability
I like that phrase

[mr2mike]

Have yet to see any O&G company that's puking fcf see that translate to share price bumps.
But proove me wrong. News seems already baked in based on previous 2 days... Must be a tight an active water cooler.

LOL they suspend to release the special dividend news?!

[ExtraSlow]

I'm not that kind of engineer, but I think they aren't unique in the puking department.

[killramos]

Well fuck Me I guess.

[bjstare]

Well fuck Me I guess.

And it's only going lower as the morning goes on :rofl:

Stonks are hard.

[ercchry]

Well fuck Me I guess.

I was really tempted to post “so… sell?” After your post yesterday :rofl:

I hate this market

[killramos]

FWIW I don’t actually own them, I was just impressed by the release.

Maybe I should buy a position lol

[DonJuan]

Am I sure glad my computer decided it needed to do a 2h update this morning.

[asp integra]

"buy the rumor, sell the news"

[mr2mike]

Beat me to that.

I swear great company news does not move a stock anywhere in energy sector. Needs to be a political release.

- - - Updated - - -


FWIW I don’t actually own them, I was just impressed by the release.

Maybe I should buy a position lol

I'm holding AAV solely for ng holding. But BIR is another gas weighted player.

[killramos]

I have very overweight Canadian NG exposure.

[roopi]

95% of my portfolio is Oil and Gas but I decided to add Birchcliff after the drop.

[DonJuan]

95% of my portfolio is Oil and Gas but I decided to add Birchcliff after the drop.

I'm toying with this idea too. If it can drop $1 in a morning, it can rise $1 also. Double meat subs by end of trading? Maybe.

[ExtraSlow]

Us oil and gas people are terrible at advising investment. We are all too enthusiastic.

[DonJuan]

People who took Killy's advice:
109390

[killramos]

People who took Killy's advice:
109390

No one took my advice. Did you see where the stock opened :rofl:

[DonJuan]

No one took my advice. Did you see where the stock opened :rofl:

It was only the 2 month high that it closed yesterday at that made me hesitate from throwing a lil cash at it. :D

[roopi]

Most O&G are at or near 52 week highs. I believe many of these are undervalued and over the next year as some of them significantly reduce or eliminate debt we will see new highs and dividends. Disclaimer: I know nothing and have been dumping money into the sector for years.

[max_boost]

95% of my portfolio is Oil and Gas but I decided to add Birchcliff after the drop.

Not sure if srs but that’s boss haha :bigpimp: :D

[Misterman]

Disclose the ETF so we can also confirm double meat sub or washroom sink water bottle fill.

I already did. SPXS in at $24

[Disoblige]

You mean SPXS? Look at the mad gains.

109542

[Misterman]

You mean SPXS? Look at the mad gains.

109542

Yes, my bad on the dislexic typing.


Of course it hasn't gained long term. It's a bear etf, the exact opposite of a bull etf like we were talking about.................. I literally posted the link to the bull.

[arcticcat522]

Let’s compare gains between the two a year from now

Bump

109607


Can't say I'm proud of my pic.....but still hold hope.

[ThePenIsMightier]

Incidentally on that bump...
Link Global is now "Green Block Mining Technologies" and is less than $0.03 swirling the bowl in the past year.

[ExtraSlow]

Good time to buy.

[mr2mike]

Buy local.

[BavarianBeast]

I ended up averaging up to about $.90 on fobi so 50%ish unrealized loss lol. Will hodl

[arcticcat522]

I'm down about 40%....largest holding in my TFSA acct....will hodl till moon

[DonJuan]

I was doing the dance on Fobi, buy at ~$0.80 sell $0.90. My last buy at $0.80 is till where we are now. Doubled down at $0.45 aaaaaaand we're still here.

TVE though is sitting at 30% gains. Only bright spot in my TFSA

[mr2mike]

TVE though is sitting at 30% gains. Only bright spot in my TFSA
Not to sound like max_boost but reps are appreciated. :rocket:

[ExtraSlow]

I got out of ROK today, locked in like 48% gain. Will leave it in BTE for the longer term.

[DonJuan]

Can I interest you in some FOBI? Don't want to have FOMO do you?

[max_boost]

Not to sound like max_boost but reps are appreciated. :rocket:

It pained me to sell ATZ but it was the only winner left in my portfolio lol

[BavarianBeast]

Can I interest you in some FOBI? Don't want to have FOMO do you?

#fobi50

[mr2mike]

Markets Visualizing S&P 500 Performance in 2022, by Sector

https://www.visualcapitalist.com/cp/visualizing-sp-500-performance-in-2022-by-sector/

I think there's axis labels on these ones.

[killramos]

109869

Too funny not to share.

[ExtraSlow]

Anyone who got into ROK when I did back in June, and had more conviction than me, is sitting pretty. I sold out for my 48% gain, but it's 2x now, and analysts are giving price targets in the 0.6 to 0.8 range.

[arcticcat522]

I bought some warrants a couple months ago. See when I get my double

[jacky4566]

Anyone heard of these guys?

https://i3.energy/operations/canada/

[mr2mike]

Anyone heard of these guys?

https://i3.energy/operations/canada/

Yes. Used to be Gain Energy. Or in Wapiti area they were.

[killramos]

Same same

[ExtraSlow]

Probably 10 years old? Maybe a little less. Old wells.

[DonJuan]

What's our thoughts on this ITE stock? Seems more long term to me.

[msommers]

Anyone heard of these guys?

https://i3.energy/operations/canada/


The Clearwater....current industry wide production is circa 70,000 barrels of oil per day.

What a bizarre statement to make.

If you know the areas/Well IDs, Petro Ninja is a good source of data and it's free with sign-up.

[ThePenIsMightier]

WtF, DIRRT!?¡?¿?
Up a quick 48% in the past 5 days?!

[Misterman]

There's a play coming on Nat Gas. UNG is hovering at it's 52 week low, that's not going to last. I'd be waiting for confirmation on a reversal, as it could still go lower. But there is some big upside here when it turns around again.

[killramos]

lol

[BavarianBeast]

So all in on HNU?

[killramos]

So all in on HNU?

Hey if I had a crystal ball. That’s what I would do.

[ExtraSlow]

@mm, is that based on technical analysis, supply predictions, or demand predictions?
#lifelonglearning

[msommers]

Previous performance doesn't dictate future performance.

Also

[ExtraSlow]

Commodity ETF decay? That's some kind of nerd bullshit.

[BavarianBeast]

That charts gonna make like tony hawk, turn into a half pipe and go to $900. Maybe

[max_boost]

Leveraged etf ftw

Linear straight to the moon 2X