Official Short-term Investments Thread

[CaptainReboot]

Crap, I have a meeting between 2 - 3. I'll have to wait until after before I can read the news.

My heart can't take anymore of this...

[CaptainReboot]

Originally posted by AndrewMZ3
I'm with you guys.

No nuts, no glory.

Besides, it's only money right?

I guess what it comes down to is, what would you regret more. I personally would hate myself if the news comes out stellar and this thing shoots up. On the other hand, if it's not good and this thing plummets, I think I could accept that fact and move on.

Agreed. I can better accept that I lost money, than accept the fact that I could of had much more money.

Good luck!!

[Z_Fan]

What does the L2 look like right now?

And...

I don't think they'll release news today.

[Rat Fink]

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[bobby_lu]

Originally posted by Z_Fan
I'm staying in too.

I've made a lot of bad decisions in the past. My gut is telling me to sell it. So I'm going to start doing the opposite of what I think is smart and see if that works!!!

Best advice right there, haha like from George Costanza.

[roopi]

Originally posted by Z_Fan
I'm staying in too.

So I'm going to start doing the opposite of what I think is smart and see if that works!!!

Sounds like George Costanza.

[Rat Fink]

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[Z_Fan]

Well, I was thinking if they just got news the other day, it could easily take more than a few days to prepare a news release that outlines everything - especially if it has to go through various approvals from people in the company.

I used to watch Seinfield all the time, but I don't remember George saying that! Well, maybe vaguely, and I can definitely picture him saying stuff just like that!

[AndrewMZ3]

I remember that episode with George doing the opposite of everything lol.


Looks like a late day rally.

Good luck all!

[roopi]

Originally posted by Z_Fan
Well, I was thinking if they just got news the other day, it could easily take more than a few days to prepare a news release that outlines everything - especially if it has to go through various approvals from people in the company.

I used to watch Seinfield all the time, but I don't remember George saying that! Well, maybe vaguely, and I can definitely picture him saying stuff just like that!

http://www.seinfeldscripts.com/TheOpposite.htm

George : Why did it all turn out like this for me? I had so much promise. I was personable, I was bright. Oh, maybe not academically speaking, but ... I was perceptive. I always know when someone's uncomfortable at a party. It became very clear to me sitting out there today, that every decision I've ever made, in my entire life, has been wrong. My life is the opposite of everything I want it to be. Every instinct I have, in every of life, be it something to wear, something to eat ... It's all been wrong.

( A waitress comes up to G )

Waitress : Tuna on toast, coleslaw, cup of coffee.

George : Yeah. No, no, no, wait a minute, I always have tuna on toast. Nothing's ever worked out for me with tuna on toast. I want the complete opposite of on toast. Chicken salad, on rye, untoasted ... and a cup of tea.

Elaine : Well, there's no telling what can happen from this.

Jerry : You know chicken salad is not the opposite of tuna, salmon is the opposite of tuna, 'cos salmon swim against the current, and the tuna swim with it.

George : Good for the tuna.

[liquid1010]

You guys are a bad influence on me. :D

I usually play things tight to the vest, but I've decided to stay in.... and hope for the best. Balls of steel baby :thumbsup:

[Rat Fink]

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[Sailz]

Originally posted by Rat Fink
and we finish GREEN.

Scotiabank made a big 100K buy at the end to rock it to .35!

Iam still seeing .34

Bullshit boards are going nuts waiting for this release.\

**edit** Yeah seeing it now!

[Z_Fan]

Mines says .35 so that's good.

[Rat Fink]

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[Sailz]

NEWS RELEASE IS OUT!!!!



CMX Company Snapshot
BullBoards Member Forums My BullBoards


Jump to CMX Forum
SUBJECT: OHHH MYYYYYY GOOODDDDDDDDD!!!!!!!!!!!!!!!!!!! Posted By: FoxTek1
Post Time: 12/14/2007 16:28
« Previous Message Next Message »

NEWWWWSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!! HERE IT IS!!!!!!!!!!!!!!!!


CARMAX EXPLORATIONS LTD.
1180 - 625 Howe Street
Vancouver, B.C. V6C 2T6
Tel: (604) 408-2212
Fax: (604) 689-4143
Toll Free: (888) 408-2212
www.carmaxex.com
Ticker Symbol: CMX-TSXV

December 14, 2007

NEWS RELEASE

CARMAX DRILLS BEST HOLE TO DATE


Carmax Explorations Ltd. (TSX-V:CMX) is pleased to report assays for 2 holes of the 2007 drilling program on the Company’s Eaglehead Property. Assays for the additional 10 holes will be reported when received from Acme Analytical Laboratories Ltd.


DRILL HOLE METERS FEET Cu % Mo% Ag gm/t Au gm/t
74 0-48.77 0-160 Assays pending Assays pending Assays pending Assays pending
27.43-383.13=355.7 90.0-1257=1167 0.241 0.009 0.70 0.056
48.77-383.13=334.4 160-1257 0.257 0.009 0.75 0.059
93.27-358.14=264.87 306.0-1175=869 0.299 0.012 0.94 0.079
155.14-358.14=202.99 509.0-1175=666 0.353 0.015 1.21 0.090
176.33-338.94=162.6 578.5-1112=533.5 0.403 0.018 1.46 0.106
258.77-338.93=80.17 849.0-1112=266.0 0.475 0.027 2.35 0.139
258.77-2920.30=33.53 849.0-959=110.0 0.65 0.057 3.91 0.268
266.09-278.59=12.5 873-914=41.0 0.948 0.070 5.88 0.45

70 21.7-408.7=387.0 71.2-1341.0=1269.8 0.138 0.003 0.30 0.102
280.7-356.3=75.59 921.0-1169.0=248.0 0.24 0.004 1.02 0.413
295.5-356.3=60.80 969.5-1169.0=199.5 0.28 0.004 1.20 0.499
295.5-331.0-35.5 969.5-1086.0=116.5 0.31 0.005 1.80 0.833
295.5-317.3=21.8 969.5-1041.0=71.5 0.41 0.003 2.80 1.33
295.5-312.1=16.6 969.5-1024.0=54.5 0.49 0.003 3.67 1.708


Drill Hole #74 is a step out of 200 meters east of Drill Holes #69A and #55. Drill Hole #70 is located 50 meters north of Drill Holes# 69A and #55.

Management is extremely encouraged by the significant increase in both gold and molybdenum values.

The 2007 3D IP geophysical survey indicates the mineralization from the Pass zone to the East zone is contiguous and extends for at least 2.6 km.

The 2007 diamond drilling consisted of a total footage of 4,098 meters (13,444 feet) in 12 holes on several different mineralized zones located throughout the property as follows:

East Zone DDH#70, 71, 72, 73, 74, 77 and 79
Bornite Zone DDH#75 and 76
Far East Zone DDH#78, 80 and 81

Updated plans showing the geophysical data and detail drill hole location of the Pass Bornite and East Zones will be posted shortly on the company’s website www.carmaxex.com

John R. Poloni, P.Eng. is the qualified person responsible for the technical data presented in this News Release.


ERNEST S. PETERS
PRESIDENT/DIRECTOR

The Company relies upon litigation protection for "forward-looking" statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

[Z_Fan]

I am relieved. Not sure why. But I am. :)

[AndrewMZ3]

I won't believe it until it's posted on their site. The guy claims he received a word copy of it? That doesn't sound legit to me.

[djayz]

so what do you all think?

looks pretty good to be...not alot of high percentages but the fact that the zone goes for 2.6km is pretty crazy

edit: still no news release on their site...might be BS :eek:

[liquid1010]

At least the news is out now!

[Rat Fink]

.

[AndrewMZ3]

alright, I take that back


http://marketwire.com/mw/release.do?id=803347

[djayz]

just hit rbc and marketwire so it looks good...still nothing on the carmax site haha

[Rat Fink]

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[djayz]

i wish i wouldve bought more shares haha but SNO looks like a good wagon to skip onto

[broken_legs]

news is on Globeinvestor now...


Is that a lot of GOLD or what?!

[liquid1010]

This part looks :bigpimp:


Meters Cu Mo Ag Au
266.09-278.59 0.948 0.070 5.88 0.45

We wil be in for a very interesting Monday.

BTW... thanks for being a bad influence on me guys :D

[Z_Fan]

Any guesses as to what it will open at on Monday AM?

Should be decent.

[Rat Fink]

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[djayz]

Originally posted by Rav4Guy
^ not overly a lot of gold. It's mineable but nothing high enough to get too excited about. obviously hole 74 shows better results. It'll really end up how they take it out of the ground... open pit = cheapest.

Its not overly great but this is only 2 of the 12 holes. im not sure how many have been drilled so far but if this is best to date it might get better with the other 10

[broken_legs]

Originally posted by Rav4Guy
^ not overly a lot of gold. It's mineable but nothing high enough to get too excited about. obviously hole 74 shows better results. It'll really end up how they take it out of the ground... open pit = cheapest.



hahahah


When I read it the first time I read Ag as Au

I'm used to reading releases where AU is always placed before AG

Now im not as impressed.........!
:dunno:

[Rav4Guy]

Originally posted by broken_legs
news is on Globeinvestor now...


Is that a lot of GOLD or what?!

no.. it's mineable.. but definitely not substantial.

[Rat Fink]

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[Rat Fink]

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[broken_legs]

So whats supposed to be the big winner on these drill results again?

The intercepts are long but at 300 meters deep I dont know how Open Pitable it is

[broken_legs]

Heres what I know about Moly which is just something someone else wrote..... From what I can see the Moly intercepts are pretty low grade. SO maybe this was about the copper?

EDITx2: Some of the news releases are titled about the gold @ 1.7 gm/t over 16 meters. But that hole intercept is 290 meters deep



2. Find out the average grade of the molybdenum deposit. “If any investor were to phone me and want to buy stock in moly mine, my immediate response would be, ‘Well, what is the grade’?” Carter said. “And if the grade isn’t a little bit better than 0.1 percent, and preferably closer to 0.2 percent, I’d say, ‘Well, you had better think about this a little bit.” Carter explained he liked the MAX deposit because at 1.95 percent MOS2, Roca Mines would initially yield about 23-24 pounds per ton of contained molybdenum. At $28 pound, the gross in situ value of the deposit, if that percentage remained consistent through the deposit, would be in the neighborhood, north of $500 to $600/ton. Mining and operating costs are said to be less than $100/ton.

3. How deep is the molybdenum deposit? “Usually the deeper you go, the better grade you have to have in order to have material that can be mined for profit,” advised Davidson. “The deeper you go, your expenses can increase. Therefore, you’d generally have to have higher grade at depth.”

4. Is it underground or open pit mining? Davidson discussed Adanac’s deposit in British Columbia, “Because it’s an open pit, your mining costs are much lower.” Carter advised on deposits where average grades run low, “If it’s 0.1 percent, it had better be a big deposit and it had better be open pit, too. We’re not talking underground here. With 0.2 percent, you get a little more option, if you can get something that’s reasonably large and with grades approaching 0.2 percent. Cost of production in many open pit mines should be in the $10 to $11/pound range.”

[Rat Fink]

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[broken_legs]

Originally posted by Rat Fink


Um, ya....Seeing as how they're going for copper. I'd say this was about copper.

Do you even know what you're buying into?

Gold, Silver, Moly, added bonus to the copper.

Taken from the company website....right on the home page:

"In the 2007 exploration season the company will actively continue work on the Eaglehead towards developing a 43-101 compliant resource. Presently the project has indications of 6 zones over a distance of 7 km which are conceptually estimated to contain 60 million combined tonnes grading greater than 0.42 % Cu with Mo, Ag and Au credits"


I don't own any of this company I'm just trying to figure out if I want to :)

[liquid1010]

Hole No. 74 has good copper findings at depth, which what this was all about anyway.

Interestingly, Hole 70 has pretty decent Gold content.... which is a bonus. Unfortunately it didn't have the same Copper content as 74.

The Moly content sucks, but who cares.

[broken_legs]

Does anyone know what angle these holes were drilled at or if they were vertical?

[KappaSigma]

I knew it was for only 2 holes...they told me that a coupel days ago but I didnt want to break that news as people were expecting 3 holes. HOWEVER, I like the news lots and moNday should be fun for us all :)

[RX_EVOLV]

i dont know guys... the numbers doesnt look too good to me.... the grades are okay , ut i dont think they lived up to ppl's expectation... can see it going back to 20s by next friday..

[KappaSigma]

Originally posted by RX_EVOLV
i dont know guys... the numbers doesnt look too good to me.... the grades are okay , ut i dont think they lived up to ppl's expectation... can see it going back to 20s by next friday..

You must be a basher on the board. Its all about the lengths for copper.

[RX_EVOLV]

hah I dont own a position so I'm not too bias... if they can keep reproducing the same grade then they should fine, but in the short term I think those numbers do not live up to the hype for the rise of $0.10 to $0.35.. IMO thats all. I hope i'm wrong

[Rat Fink]

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[broken_legs]

So I did a little research...



They are in BC looking at a Porphyry deposit. Heres some info on that:



In Canada, all moly production and roughly half of all copper production are derived from porphyry deposits. With the exception of Quebec's Gaspe Copper, which is mining a deposit estimated at 150 million tonnes grading 0.37% copper, Canadian porphyry production is limited to British Columbia and the Yukon.


Current and past-producing mines in those areas include: Valley Copper in British Columbia, with 690 million tonnes grading 0.41% copper; Island Copper in British Columbia, with 345 million tonnes grading 0.42% copper and 0.017% moly; Brenda in British Columbia, with 360 million tonnes grading 0.16% copper and 0.039% moly; Mount Polley in British Columbia, with 230 million tonnes grading 0.25% copper and 0.34 gram gold; and Casino in the Yukon, with 162 million tonnes grading 0.37% copper, 0.039% moly and 0.48 gram gold.

Because of their low grades, porphyry mines must be low-cost. To keep costs down, these are mined as open-pit operations, which are less costly to run than underground mines. The size of many of these deposits renders such operations huge. For example, at 800 metres deep and 4 km wide, the pit in Bingham, Utah, is the largest man-made excavation in the world.

Looks like its OPEN PIT-able - and perhaps the grades are right in line with everything else thats being mined from porphyry deposits in BC

EDIT:
Heres a Linky for people who want to learn about Copper Mining
http://www.northernminer.com/Tools/Geology101/geo101pg5.asp

[natejj]

Can we see what the level 2 is like? Or is that not available when the market is closed.

[Canmorite]

Originally posted by natejj
Can we see what the level 2 is like? Or is that not available when the market is closed.

Theres usually only one or two mm's on each side when the markets closed.

[broken_legs]

So is anyone still following any O&G drilling plays?


GUL is about to drill another well in the North Sea with Lundin.

Rig is probably moving there to SPUD the hole this weekend.

I think there would be some run in the stock price just voer drilling excitment and who knows if they hit something big could be pretty good.

[bigbadboss101]

Lot of bashing on SH.

[Z_Fan]

I'm super nervous about Monday.

Can't decide if I should set a stop loss or not on CMX.

Before the market opens, can you see the bids/asks???

(As in, the 15 minutes before open) L2 available?

... I remember when VMS halted, before it resumed you could see the bids running up from .80 to .90 and upwards just hitting refresh on the RBC screen.

Thoughts on a good plan of action for Monday?

[Rat Fink]

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[Z_Fan]

Do us a favor and post an L2 10 minutes before open and let us know what you think!

<smile>

;)

[natejj]

Originally posted by Z_Fan
Do us a favor and post an L2 10 minutes before open and let us know what you think!

&lt;smile&gt;

;)

And then every 30 seconds after that one, post it again. :D

[Rat Fink]

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[CaptainReboot]

People post level 2's on the bullboards as well, so we could also check there.

In regards to MSN, you can use www.meebo.com, which seems to work through or firewall whereas the regular MSN, even web messenger gets blocked.

[ramminghard]

If any of you guys want L2 quotes free for a month open up a demo account with Questtrade. It will give you real time quotes too.

Does anyone know if RBC Direct investing offers L2?

[Z_Fan]

Note: Questrade trial platforms are for demonstration purposes only. They are not intended for paper trading and may not perform exactly like the live version. All quotes are delayed 15 to 20 minutes. Limit orders will not be executed. There are no delayed bid/offer on NYSE symbols.

That's not gonna work for L2 quotes I guess.


RBC Direct investing does not offer L2.

[Z_Fan]

I created an account anyhow, and got an e-mail that says...

WebTrader is our web-based platform for long term and new investors. QuestraderWEB Beta is our latest upgrade of WebTrader and is packed with more intuitive features, such as:
Streaming news
Real-time level 2 quotes
Real-time customizable charts
Fundamental analysis tools
Streaming ticker
Real time option chains

So maybe it is good for L2 quotes.

[Mckenzie]

That would be awesome if Questrade''s new Web based platform offered level 2 because the WebTrader is horrible.

[Z_Fan]

^ It does, I'm looking at it right now.

I noticed it says "Quotes delayed 15-20 minutes unless otherwise indicated"

But in the L2 chart it says "RT" (Real-Time) right on it. So that is otherwise indicating that the quote is not delayed. So it currently is showing activity from Friday at close.

[Mckenzie]

Hmm well I have a questrade account- maybe I'll login and see whats up.

[Mckenzie]

Ok it appears you need to subscribe to the service for $20 per month for this new platform...looks kinda cool though actually.

[Z_Fan]

Make a demo account, and you get the L2 quotes for free for 30 days. That's what I did...I'll probably use it for fun/practice to see if I can make money with the extra information. :rolleyes:

[CaptainReboot]

Does anybody pay for L2 with TradeFreedom? If so, how do you like it?

[Mckenzie]

Originally posted by Z_Fan
Make a demo account, and you get the L2 quotes for free for 30 days. That's what I did...I'll probably use it for fun/practice to see if I can make money with the extra information. :rolleyes:

Actually somehow I got it. This is actually a really cool platform and i am going to try and learn it over XMAS. I think the Level II is imperative for trading on a short term basis.

[liquid1010]

Does anyone here use Stockhouses Level2 service? I currently have L2 using Questrade, but it's based on Java which doesn't work well on my work computer.

I'm thinking of cancelling my L2 through Questrade, and moving onto Stockhouse L2 service. Is Stockhouse L2 based on Java as well?

[CaptainReboot]

Originally posted by liquid1010
Does anyone here use Stockhouses Level2 service? I currently have L2 using Questrade, but it's based on Java which doesn't work well on my work computer.

I'm thinking of cancelling my L2 through Questrade, and moving onto Stockhouse L2 service. Is Stockhouse L2 based on Java as well?

Yeah, it's Java I think. Our work firewall blocks it, so it must be going through some non-standard port. I had it for a while, but since I couldn't get onto it at work, there was no point in keeping it.

[Canmorite]

L2's are great, but for the most part they are very decieving. Watch the T&S (time and sales) coupled with a chart. Much better combo.

[ramminghard]

Anyone have any investment related ideas for the software thread?

http://forums.beyond.ca/st/200958/beyond-software-project/

[Rat Fink]

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[troyl]

Originally posted by CaptainReboot
Does anybody pay for L2 with TradeFreedom? If so, how do you like it?

I use tradefreedom for L2, its pretty good for the most part.

[liquid1010]

Originally posted by troyl


I use tradefreedom for L2, its pretty good for the most part.

Does Tradefreedom use Java?

[AndrewMZ3]

Anyone have L2? It's not looking good so far it looks like. I have bid and ask showing up at 33 on the tdwaterhouse web platform. Could be fake asks that will be pulled..but if not... could be bad

[CaptainReboot]

Originally posted by AndrewMZ3
Anyone have L2? It's not looking good so far it looks like. I have bid and ask showing up at 33 on the tdwaterhouse web platform. Could be fake asks that will be pulled..but if not... could be bad

Bids and asks dropped to .315

[AndrewMZ3]

looks like 30 now?

[AndrewMZ3]

I see 26?

[Z_Fan]

Crappy.

[CaptainReboot]

Yeah, they may get pulled before open. We'll find out in 10 minutes.

As long as it closes in the green, I don't really care what it opens at.

.26 now.

[Z_Fan]

Very interesting to watch. I see .28 now.

[AndrewMZ3]

I see 28 now

[AndrewMZ3]

talk about manipulation. Would market orders show up as the lowest ask? That would mean the 300k or so at the highest bid would all be market orders right? If the asks are pulled as I suspect some of them will be, it might not open too bad.

[Rat Fink]

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[djayz]

some asks already getting pulled...just moved from .265 to .27

[Z_Fan]

I've already decided to do nothing but watch. I will not sell my shares today.

[Rat Fink]

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[CaptainReboot]

I'm staying put.

[djayz]

Originally posted by Z_Fan
I've already decided to do nothing but watch. I will not sell my shares today.

any specific reason?

I know ill be selling today if share price increases by a decent amount. Ive bought alot of penny stocks that have had a great day or two after ive bought but ive held hoping for better things to come and because of that ive been put in a hole. I may buyback lower if i feel like this might go somewhere but ill most likely be selling for any amount of profit

[anyone]

Originally posted by Z_Fan
I've already decided to do nothing but watch. I will not sell my shares today.

How come? I'm not criticizing, I'm curious - you might be on to something that I don't understand.

[AndrewMZ3]

opened at 26

[CaptainReboot]

Just opened at .26

[AndrewMZ3]

low .225 so far

[Z_Fan]

Looks like it will tumble very fast - and I don't want to sell it at a loss with 8 more holes of potentially good news to come soon.

I saw .225 on the RT trades...which is crazy.

[AndrewMZ3]

Should be 10 more holes, with 1 more coming out pretty soon.

[Rat Fink]

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[vietdood]

Originally posted by Rat Fink


We need a stock trading robot that can beat Marl!!!!!!

that would be sweet.

Then charge 28,000 bucks per license like what Marl costs.

google &quot;marl stock trading robot&quot; to see what I'm talkin' about.

......one tailored to the TSXV, and not OTC or pinksheet bottom dwelling sewer rat trading.

i have the program marl without shelling out the 28000. was able to download it through alot of research and supposedly a pump and dump scam. the program is analysing the market, will edit when it's done

edit: done scanning. marl says NLIA.PK is a good potential trade. mind you i'm posting what this program says, i have no stock trading experience what so ever

here's a yahoo link showing at 0.0850
http://finance.yahoo.com/q?s=nlia.pk

[wylderhoads]

Looks like it may be coming back up now.

[AndrewMZ3]

.265

[Z_Fan]

Hey, Rat Fink, I'm sitting here feeling pretty shitty for losing thousands and thousands and thousands (and more thousands) of dollars instantly this morning.

I'm wondering how you are feeling having lost more than twice as much? You took a $20,000.00 hit. Got a gun? :rolleyes:

[CaptainReboot]

Looks like it's a bit more stable now...