Official Short-term Investments Thread

[broken_legs]

Originally posted by Canmorite
^ Analysts say it's the most overvalued stock on Bay street. haha


I just went short again at 26.40 this afternoon... Hopefully it will pay off




Did you see that guy they had on BNN the other day with Amanda Lang? He was saying it should be a 30 cent stock.

Everyone on stockhouse got so pissed off about that, someone even wrote into BNN and complains and Amanda read it out on the air :rofl:

[Canmorite]

Originally posted by broken_legs

Did you see that guy they had on BNN the other day with Amanda Lang? He was saying it should be a 30 cent stock.

Everyone on stockhouse got so pissed off about that, someone even wrote into BNN and complains and Amanda read it out on the air :rofl:

Haha ya thats what I was referring to. It was awesome...

Good luck with the short. Whats your stop?

[broken_legs]

Originally posted by Canmorite


Haha ya thats what I was referring to. It was awesome...

Good luck with the short. Whats your stop?


haha that didnt last too long

i just covered at 26.5X


You're the technical guy - All i'm doing is watching the moving average. When it breaks out in one direction or another i'm shorting it or buying it.

Seems to work for a few cents or a buck but I'm too scared to hold onto the short after the close. TIM opens all over the place

[Canmorite]

Originally posted by broken_legs



haha that didnt last too long

i just covered at 26.5X


You're the technical guy - All i'm doing is watching the moving average. When it breaks out in one direction or another i'm shorting it or buying it.

Seems to work for a few cents or a buck but I'm too scared to hold onto the short after the close. TIM opens all over the place

Right at the top of it's channel. It's hard shorting stocks with so much blind enthusiasm behind them, though. Especially if the story is really promising.

Check out T.RVX and what happened there.

[invisibleman]

Any of you guys know of a service that will e-mail me as soon as new NR's become available in the stocks I'm interested in? I've tried it with Stockhouse but I've found that the NR's are usually posted a lot later than some sites not to mention I've been getting junk e-mail after signing up for the notification feature with SH. All I want is NR's to be e-mailed to me for the stocks that I own/am interested in.

[bigbadboss101]

Falcon Oil and GNZ jumped today. Not much substance to either of them though I would think?

[Rat Fink]

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[Rat Fink]

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[broken_legs]

Hmmmm


So we are approaching 13900 on the TSX. Any thoughts on whats going to happen?

TA anyone?



I know its kind of selfish but I'm kind of hoping for another big crash.

I'm going to start diversifying out of gambling on the venture into buying some dividend paying large caps and I need another big drop in the markets to get in in a meaningful way.

[Canmorite]

Oil will probably blast through 110, and gold is on the rise as well (Along with other commodities).

If these continue to rise, they will only drag the market higher. If the financials stop sucking ass maybe we will see some added stability.

[Rat Fink]

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[broken_legs]

I'm looking at GUL again


They are at a 52 week low right now. 10 Cents for what was trading at 80 cents a year ago seems pretty good to me


The well they just drilled (See maria prospect with PetroCanada) hit a 60 foot zone of 35 API oil. Drilled in the same area as a previous PC well that produced 6500 BOPD.

I think the market is treating it badly because the well was plugged off, instead of put into production, but that was always the plan according to GUL and the pther Venture partners. So right now PC is going to figure out what do and they will start drilling again soon and GUL will have secured their 8% interest in anything they find there.


Also Lundin is finishing the seismic on Quad30 block. GUL fully funded this and based on results Lundin expects to be drilling by fall.


Seems like there will be another financing soon, but not at these prices. The CFO told me they are going to get news out to the market first so everything is priced in before they do another placement.

SO i bought a couple today to tuck away for later this year.

[Rat Fink]

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[BigMass]

Originally posted by Rat Fink
2 weeks, 4 days until I move out of Med Hat and trade full-time! eeeeek.

Lets see if I swim, sink, or tread water.

that's awesome you have to balls to do it. You have to at least try so you dont have any regrets later on. Good luck!

BTW, Where are you moving to?

[Rat Fink]

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[broken_legs]

Originally posted by Rat Fink


Back to Lethbridge. My old stomping grounds! Nabbed an apartment this past weekend. Moving in sometime between April 25th and May 1st. My last day of work is April 25th.


You're going to be like that guy on the E-Trade commercial on BNN.

6 flat screens, this ones for real time quotes, this ones for charting, and this ones for the Gears of War 'daily beat down'


I'm getting Jealous

:drool:

[Canmorite]

^ Except Rat will have a real platform, not E-Trade :D

[Rat Fink]

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[broken_legs]

TD Active Trader is pretty cool:thumbsup:

[Mckenzie]

^ Yeah I looked at that but it was too expensive for the number of trades that I did. Its also much more convenient with bank transfers and such too.

[BigMass]

Originally posted by Rat Fink


Haha! I am actually going to be building a computer system with a friend over the next couple months. Still in a toss-up on 3 monitors or 4. Was originally thinking 4 monitors, but now I'm thinking 3 so I can have a middle monitor to focus on when I don't need to use the other 2.

Or go for 5.....3 on the bottom row, 2 on the top....but do I REALLY need 5??




I was actually thinking of switching to E-trade. Torn between TD and E-Trade at the moment.

:dunno:

Power E*TRADE Pro is a good day trading platform and transferring money back and forth to your bank is easy. Also, Etrade offers a FAR better interest rate on the money you're not using over regular banks.

I stopped using TD because their conditions for active trader status were outrageous and if you didn’t qualify, their commissions was INSANE. They had no in-between status. You either had 100,000 in your account and made 10000000 trades/quarter, or you’re fucked. So I told them to fuck off and got etrade. No problems since. I also got 100 free trades which was nice and saves a good chunk of cash right off.

[BigMass]

Originally posted by Rat Fink


Haha! I am actually going to be building a computer system with a friend over the next couple months. Still in a toss-up on 3 monitors or 4. Was originally thinking 4 monitors, but now I'm thinking 3 so I can have a middle monitor to focus on when I don't need to use the other 2.

Or go for 5.....3 on the bottom row, 2 on the top....but do I REALLY need 5??


3 monitors is perfect IMO. You could even get away using just 2 if you got 24"-26". More isnt always better if it's just random clutter you're pulling up.

[Mckenzie]

Originally posted by BigMass


Power E*TRADE Pro is a good day trading platform and transferring money back and forth to your bank is easy. Also, Etrade offers a FAR better interest rate on the money you're not using over regular banks.

I stopped using TD because their conditions for active trader status were outrageous and if you didn’t qualify, their commissions was INSANE. They had no in-between status. You either had 100,000 in your account and made 10000000 trades/quarter, or you’re fucked. So I told them to fuck off and got etrade. No problems since. I also got 100 free trades which was nice and saves a good chunk of cash right off.
Yeah :werd: x 1000.

For the money I was charged to make one sell last year, I could have payed for my entire questrade platform with level 2 for the entire year. I was also turned off by the all or nothing conditions.

So far Questrade as been pretty good to me and is also cheaper than E Trade.

[broken_legs]

Originally posted by BigMass


Power E*TRADE Pro is a good day trading platform and transferring money back and forth to your bank is easy. Also, Etrade offers a FAR better interest rate on the money you're not using over regular banks.

I stopped using TD because their conditions for active trader status were outrageous and if you didn’t qualify, their commissions was INSANE. They had no in-between status. You either had 100,000 in your account and made 10000000 trades/quarter, or you’re fucked. So I told them to fuck off and got etrade. No problems since. I also got 100 free trades which was nice and saves a good chunk of cash right off.


Its really easy to get around this. For every trade that is 2000 dollars or less its 29.95. Then anything over that you will pay more.


So instead of buying 100,000 shares at once i would buy 5 orders of 20,000, pay the same commision but get credit for 5 trades. I just went nuts one day and flipped some volume to get my 30 trades.

you only need 30 trades per quarter for 9.99/trade.

and you have more than 3 months to maintain that 30 trades too

ALSO

Active trader is 100/month for the platform but that includes all the Level 2 and real time so you're not paying extra for exchange fees


For me it was a good deal because I stopped paying 100/mth to Globe n Mail for my Level 2

[Rat Fink]

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[broken_legs]

Originally posted by Rat Fink


That's what has been turning me away from TD. As it stands I can get $10 trades through E-trade right out of the gate....$7 if I am more active. For TD you have to make 30 trades at $29.95 (plus extra fees) to get to the 10 dollar trades. That's almot 900 dollars (not counting extra fees which can easily blow that way up). I could make 90 trades through E-trade for that amount, and big money trades making good cash instead of wasting time squeaking out 30 cheap trades to get to a point where I can efficiently use my money.

I was told through TD that my first month or 2 with them would have to be "under review" paying full commissions until they decide whether I qualify for active trader status (unless I open it with 100K). That month or 2 of paying full commissions will probably pay for a year or more worth of commissions through E-trade.

I really only need a platform that executes my trades quickly.

For those of you with E-trade, how fast is your order execution? What is the longest you have had to wait for a market order to go through?

TD is direct market access where as E-Trade isnt?? I think your order gets routed to a MM first by E-Trade and thats how they make their coin via commisions that way... I'm not totally sure though so don't quote me

Also if you qualify for the second level of active trader you dont pay anything for the platform or exchange fees. So all you pay is 7.99/trade and everything else is free.


I'm not trying to defend it or sell it but i did get frustrated with them myself trying to get it running and I felt I should share. For me its nice to see my mortgage, bank accounts, trading accounts etc all on one happy green and beige screen. :)

[bigbadboss101]

Damn APV. Arise. Sold at $2.34 today, and within 15 minutes, up to $2.60. That's been my story this year.

[Canmorite]

Originally posted by Rat Fink

I was actually thinking of switching to E-trade. Torn between TD and E-Trade at the moment.

:dunno:

Dude, look at Interactive Brokers or Trade Station. Much better platforms, lower costs.

[BigMass]

Originally posted by Rat Fink


That's what has been turning me away from TD. As it stands I can get $10 trades through E-trade right out of the gate....$7 if I am more active. For TD you have to make 30 trades at $29.95 (plus extra fees) to get to the 10 dollar trades. That's almot 900 dollars (not counting extra fees which can easily blow that way up). I could make 90 trades through E-trade for that amount, and big money trades making good cash instead of wasting time squeaking out 30 cheap trades to get to a point where I can efficiently use my money.

I was told through TD that my first month or 2 with them would have to be "under review" paying full commissions until they decide whether I qualify for active trader status (unless I open it with 100K). That month or 2 of paying full commissions will probably pay for a year or more worth of commissions through E-trade.

I really only need a platform that executes my trades quickly.

For those of you with E-trade, how fast is your order execution? What is the longest you have had to wait for a market order to go through?

i get instant order executions with etrade. If the trade takes longer than 10 seconds it's free i believe. However, in the hundreds of trade's i've made, not ONCE has my trade taken that long. It's always pretty much instant.

Everything in their platform is included. Real time charting, level 2 etc. You don’t pay extras for different services. Their top platform has everything you'd ever need included.

A nice feature as well is that they also have a nice web based platform that you can use from anywhere and from any computer should the situation arise. You can also trade extended hours, not sure if TD lets you do that.

Another great thing about etrade is that you will start out at $6.99 trade commission. Think about it. 100 free trades at the $9.99 rate which end up being free. Then after that you automatically qualify for the 6.99 rate before you even have to pay anything out of your pocket. Their rates also have no lot limits which is nice. 10 shares or 1 million shares. Same price.

[djayz]

I switched from TD to etrade too and have been satisfied. Hooking up bank accounts is easy and trading on etrade is easy too.

TD was easier to trade with but once you figure out etrade its the same thing if not faster. Trade wise any market order I have ever put through was filled before I refreshed the page so like 1 second.

Other than that you can get real time quotes through your account in etrade where as TD you can not. TD is delayed 15 minutes and final closings aren't updated for mutual funds until 10pm the same trading day...atleast thats what happens to my account.

Etrade is good for customer service. Longest ive waited on hold is 20 minutes and that was tax season.

[bigbadboss101]

Hey my TD account shows Snowfield as follows

SNOWFIELD DEVELOPMNT CP 3:28:21 PM EST
SNO CA V + 0.49 0.50 0.50 0.05 2,958,404

??!

[Canmorite]

I see SNO at 0.135...

[bigbadboss101]

That was Wed night at 10 pm when my TD account showed SNO at that amount. The next day it was fixed.

You guys know much about ATI.v and JNX.v. Look at the chart for the past couple weeks.

[Schwa]

Big shale gas discovery in Quebec.

Others include PEA and GMR.

I would definitely like to get in on some of this momentum.

Some of the juniors have already JV'ed with someone larger to get their exploration wells going.

[Canmorite]

Originally posted by bigbadboss101
That was Wed night at 10 pm when my TD account showed SNO at that amount. The next day it was fixed.

You guys know much about ATI.v and JNX.v. Look at the chart for the past couple weeks.

Missed both...

[Rat Fink]

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[bigbadboss101]

Earlier this week I sold APV and within 15 minutes it went up 0.30.

Today I sold some PEA at 0.72, and half hour later when I got home it hit 0.83. Hmm go figure.

[Rat Fink]

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[89coupe]

I just bought 1200 shares of PIF.un

I received some inside info that said $20/share within a year.

Another hot tip I got was TLM, an insider has mentioned $30/share in the near future.

[Schwa]

Originally posted by Schwa


Judging by the cased hole depth I would say Montney and Gething

From PBT yesterday:

With regards to well 10-15-82-3-W6M, the first of two wells to be
completed, the Company's geological and engineering advisors have provided
these recommendations and descriptions. Gething Formation- perforate and frac
971.5 to 974.5 mKB (3 m interval) based on good gas shows on mud log and good
oil staining in samples. Log analysis indicates hydrocarbons. Lithology from
sample descriptions is a very fine grained to upper coarse grained sandstone
with dolomitic cement. Sandstone is capped by a thin coal bed. Montney
Formation: perforate and frac 1088 to 1093 mKB (5 m interval) based on
excellent gas show on mud log and very good oil staining in samples. Log
analysis indicates hydrocarbons. Lithology from sample descriptions is very
fine grained sandstone grading to siltstone with dolomitic cement.

[Rat Fink]

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[Schwa]

Rat,

I don't own any shares right now but I have been keeping an eye on it since it was brought up. Wishing I picked up some shares when it dipped in the low 20's a few days ago.

I would say there is good potential here because a company wouldn't spend up to $500,000 for fracing two zones unless they thought they could make it back.

Assuming the frac goes as planned and all the sand gets placed we can look at some nearby wells to look at potential production.

Nearby wells are mostly Montney which is an oil zone.

2-6m3/d oil with some solution gas.
decline looks relatively flat.
high water cuts though: 50-80%, with the 80% wells on the lower side of production. Some wells with 40% WCT came on at 12 m3/d oil and are at 6-7m3/d right now after 2 years

I think if we see these wells come on in the high single digits with little water it will be a good sign.

I don't think they can get anything in because of break up so you're probably looking at June before more significant production tests can be done.

Stock could be quiet for now until they can report more test results.

[Rat Fink]

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[Schwa]

I think the best bet would be a phone call or e-mail to see if they are actually able to move everything on site to do the fracs.

If so, then yeah I think we could potentially load up on possible news momentum.

I'm in the process of moving my account to TradeFreedom so I hope that will be done in time. Been out of the pennies in 2008 because of the commission costs.

[Rat Fink]

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[Canmorite]

V.GAP +845% :nut: :nut:

Those bio/pharma stocks will make or break your account sometimes.

[Rat Fink]

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[bigbadboss101]

Haha I thought you are staying away from that one? I sold a while ago, but might get back in.

[Rat Fink]

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[Z_Fan]

Well it was at 0.007 just the other day.

So the fact that it went down to 0.005 recently ... I'd say 0.0065 is actually very possible in a few days time...

[bigbadboss101]

Lot of discussion on investorhub, but swvc is rather all over the place at this point.

[no_joke]

Here's a hot tip: Amanda Lang sure is looking sexy the last few days!

[Rat Fink]

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[Rat Fink]

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[Schwa]

Google April Calls...oh how nice that would have been

[bigbadboss101]

Originally posted by Rat Fink
Sold my SWVC at a .0069 avg. :)

You might be able to get back in at 0.005 yet.

[broken_legs]

Originally posted by Rat Fink
Anyone lucky enough to catch GAP.V today?

I was away for a good part of the market open so I didn't want to risk buying and walking away from it.

Schwa,

I'm going to write an email to Pemberton today with some questions and I'll post the reply on here.

Their IR person is a filthy scum. Told me they had money to complete the wells then 2 days later they had the NR about the PP so they could complete the wells.

... They're based in Vancouver....

[Rat Fink]

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[SilverRex]

Originally posted by SilverRex
my take on the current outlook.

!!Listen at your own risk!!

I think short term the US market is poised for a rebound. As technically gold is over bought, we see the Fed's 200 billion dollar injection to the market, S&P's signal that we are nearing end of write downs. Fed's aggressive rate cuts and today's Lehman and goldman sachs beating of Q1 expecation all seem to suggest a string of positive news is backing current market momentum.


Google (GOOG)

It has been seen and suggested that this web searh engine leader can survive a downturn in the market. If you look back in to 2001, while the market took a dive, Google has proven it can sustain its growth.

Key is price needs to close above 450.00 and onward to 550.00


Apple Inc. (AAPL)

With Ipod and Itouch and Iphone, I still believe they have strength for along time to come. Price needs to break and close above 130.00 to move higher towards 150.00 level.

Yahoo (YHOO)

With Microsoft's bid for take over and how Yahoo reiterate their strong target outlook and growth its a win win situation for them. As they either get a bigger bid from microsoft or standing alone. I see upside if price can remain above 26.00 dollars

Advance micro devices (AMD)

oversold and my pick as potentially a market mover. Price needs to close above 7.00 and towards 10.00. Also I'm hearing some rumor AMD is becoming a good buyout candidate and in such can you imagine with someone were to offer a bid for them? sure they are behind intel but with its potential for surprise, its latest HD 3800 series GPUs, the fight isnt finished until the fat lady sings. Their faster system bus has got to play a role in the new era of multi-core systems.

And yes, these 4 stocks are part of my holdings.

;)



I wonder who heard my advice, anyhow I'm out on apple and google. Yahoo i'm still holding for tomorrow's earning report which I believe should be a good one. AMD still has trouble technically, unless it can close above 6.50, other wise I may double my position in the 3-4 dollar range. forecast is suggestion at their current rate to turn profitable in Q3.

I'll be waiting on the side for other opporunities, NVIDIA looks good technically a buy now 17-19.

Starbucks is good too but i'll wait till it retest 16 dollars.

watching Nokia to fall to 25.00 then I'll say it would be a buy.

Dell as well if it is around 15.00.

Sandisk, which I actually got in at 21 dollars was a great buy at the time. But there was some risk to it since it was heavily oversold I had bought in on the pure fact technically it was sitting on its yearly support. who would of thought the sudden NAND price adjustment and demand would shoot this thing up 30%. technically it should have legs towards 33.80 as its first retracement level,

[Schwa]

Good call on these large cap stocks. ^

Do you hold a US trading account to avoid the FX spreads?

[SilverRex]

Originally posted by Schwa
Good call on these large cap stocks. ^

Do you hold a US trading account to avoid the FX spreads?

yes I trade with TD waterhouse but I find it is silly how in order to trade with a US account I have to first deposit or transfer/convert CAD to US funds. Otherwise if I purchase them using my CAD funds and , they would force me to convert back to CAD when I sell.

Anyways. I normally play the forex more often than the stock market, however given the recent slow down, there is alot of opportunity. So I couldnt help myself. I regret selling google and apple now, but I need to move my fund into other investments.

I have other holdings such as flextronic for range trading between 9-13 dollars. Visa for long term (1-2 years)

[broken_legs]

OK


So I'm trying my hand here at some TA. Fell free to rip me to shreds here guys :)

Just looking at the markets now... I posted a while back that the TSX was approaching that 13900 mark. We sort of bounced of it for about a week, consolidated a bit and then we broke through that level. To me that signalled that the index would head to the next resistance level.

I see the next level of resistance around 14600. I think we closed around 14400 today. Tomorrow the BOC anounces the monetary policy and its widely expected we will see a 0.5% rate cut. I think tomorrow will be an interesting day.

So Heres what I think again

The 200 Day moving average is still ia downtrend, but the 50 day is moving up. If the 50 day breaks through the 200 day we have a good chance the markets are going to go higher?


If it cant make it, I'm going to start shorting again me thinks, but not if we consolidate like we did at 13900.

I'm looking at the DJIA and its going up approaching the 200 day MA, the 50 is also starting an upturn.

I should really just buy a book and try and figure this stuff out for real. :banghead:

[invisibleman]

Any of you guys get in on the IPI IPO? what do you guys think of it? IPO priced at $32 trading at about $46.. Any opinions on this particular IPO?

[Rstar]

Originally posted by no_joke
Here's a hot tip: Amanda Lang sure is looking sexy the last few days!

haha. Amanda Lang is BNN

[Canmorite]

Originally posted by Rstar


haha. Amanda Lang is BNN

I've had a crush on her for a while :love:

[Mx6er]

I just bought some BWR.TO (Breakwater Resources Ltd.) at 0.94
Anyone else follow this ? I feel it is becoming under-valued and these are good entry levels. They are expected stronger results later this year and are clearing up some problems with their operations. hoping this will be a quick double near term.

[Schwa]

I have warrants in BWR.

Stock has shit the bed for me.

[SilverRex]

man, everyone just wish to become millionare overnight with penny stocks. many years ago I tried but got burned in the end. No more, I will play it safe. 20-30% a year vs 500% or chapter 11

[e36bmw///]

nm

[89coupe]

Originally posted by SilverRex
man, everyone just wish to become millionare overnight with penny stocks. many years ago I tried but got burned in the end. No more, I will play it safe. 20-30% a year vs 500% or chapter 11

20-30%/year? Really, thats safe? WOW, would love to see your portfolio, cause if you are making those kind of gains every year you should quit your day job and trade full time.

[liquid1010]

Originally posted by 89coupe


20-30%/year? Really, thats safe? WOW, would love to see your portfolio, cause if you are making those kind of gains every year you should quit your day job and trade full time.

I was just about to say that. If you can avg returns at 20-30% definitely setup your own hedge fund. :D

[SilverRex]

Originally posted by 89coupe


20-30%/year? Really, thats safe? WOW, would love to see your portfolio, cause if you are making those kind of gains every year you should quit your day job and trade full time.

that is stocks anyways, but if you trade in the forex market, its 20-30% a month

[SilverRex]

Originally posted by e36bmw///
what do you guys think of Visa?

all eyes on earnings end of month.

it broke thru the technical flag so currently support at around 69-70 holding well. next stop towards 80. I think there will be some heavy sell off there (including myself)

[e36bmw///]

nm

[Rat Fink]

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[89coupe]

Originally posted by SilverRex


that is stocks anyways, but if you trade in the forex market, its 20-30% a month

Really. Per month?

Well I'm gonna call you on this.

I will ask for your picks for the month of May, lets see if its :bullshit: or not. ;)

[SilverRex]

Originally posted by 89coupe


Really. Per month?

Well I'm gonna call you on this.

I will ask for your picks for the month of May, lets see if its :bullshit: or not. ;)

you dont need to call me BS or genius, im a technical trader, I dont make calls, I simply place buy and sell stop when market breaks out. notably the GBP/USD as they typically move 200-250 pts a day. if you work down the averages, your gain outperforms loss. it took me freakin 3 years to figure out the right numbers. the only bad thing is, you have to play every night and market doesnt start until 2am calgary time. so its alittle exhusting when I have a day job at the moment.

Stock similary, I see opporunity in past few weeks. I dont trade often only when market took such a nose dive, I realize there are many stocks oversold and technically has found a bottom (short tmer anyways) just cashing in on the obvious.

[bigbadboss101]

Yeah I have a friend who works with FX traders. Sometimes you get some significant losses but they have worked out a system that worked for them. I should have put some $ with them instead of going with some of the pennies.

[broken_legs]

Originally posted by Mx6er
I just bought some BWR.TO (Breakwater Resources Ltd.) at 0.94
Anyone else follow this ? I feel it is becoming under-valued and these are good entry levels. They are expected stronger results later this year and are clearing up some problems with their operations. hoping this will be a quick double near term.


EDIT, changed my outlook, BWR is going down down down. haha
BWR tracks the ZINC spot price spot on.


http://www.kitconet.com/charts/metals/base/spot-zinc-1y-Large.gif


Doesn't look like ZINC is getting any better any time soon though:

http://www.kitconet.com/charts/metals/base/lme-warehouse-zinc-1y-Large.gif

[Canmorite]

20-30% on what size of account? ;)

The question is, is your strategy scalable? Can you trade the same method with 100 lots as you can with 1 lot?

[SilverRex]

ok here are some of my views of the current market.

I notice technically the US dollar index is in a verge of a breakout, couple with the fact that gold prices has broke a short term uptrend, its currently crashing towards it nearterm low at 872 if this does not hold it will crash towards its 50% fibonacci retracement which is around 820-830

when both of the above happens, the US market will have a strong rebound. Whether this is short or long term I cannot comment. But definately an opporunity for a short run here.

If everyone recall, when USD/CAD was at its peak it was round 1.62 and since did not look back as it crashed to 0.91 now I see the same setup with the Euro/USD having to test 1.600 and has dropped 350 points. would this be a repeat with heavy selling? Dont forget 61.8% is the 3rd and last level of fib retracement


I see USD/CAD technically to hold at par 1.000 and a breakout towards 1.0800 level when it passes 1.0300


For stocks,

I will be doing some range trading with Sirius Satellite (SIRI) between 2.30-3.30 as they are in the process of waiting for FCC approval for their pending merger with XM. You will notice this stock has been moving in this range for the last few weeks.

Other range trading are Flextronics (FLEX) 9.10-13.10 with potential towards its price target of 15 dollars.

Technical opporunity I see Nvidia (NVDA) forming a double bottom a close above 21.00 would be bullish and towards 25.75 its 1st Fib retracement level.

If you were in on Visa (V) I did at 59.00 I would hold till the earning report comes out at the end of April. technically again it has form a support in the 69-70 area and looks like a bullish flag broken with legs to run up towards 80.00 for the short term I would profit around 79 and wait for a dip towards 70 to buy back.

Others to note.
I notice starbucks released bad earnings/forecast which tanked the price further towards 15.39, this is also a 61.8% last level of fib retracement. So either this level will hold for long term if it doesnt hold it will crash further to low 10s. I myself have place a buy at 15.27. If they moves towards low 10s, I would double my position. This is a good stock that has a big name with every reason to rebound in the long hual.

With gold prices dropping so is Yamana Gold (AUY) it has broken a support level and on its way to its nearterm low of 11.57. I doubt this will hold. There fore I will wait till it reaches around 8-9 dollars. I believe once this US rebound peaks, there will be alot of profit taking. We are in a side ways market.

In the same sense I would look at buying spot Gold when it also reaches into the 800-850 terriory.

Other stocks I'm waiting in on are
Nokia looking at around 25
Dell around 15-17
AMD in the 4-5

[bigbadboss101]

More great news for SNO!

Stock price going to .36.

The return of Krappa.


NOT.

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[Z_Fan]

Where is the release? I don't see it anywhere? But stock price is tanking...

Nevemind, I see it on their site.

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[Z_Fan]

I only have 32000 shares.

I'm not gonna do anything with them. Just sit. I'm sure in a few years they'll do something and their stock price will go up again. Who knows...

Another shitty pick.

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[bigbadboss101]

Yup, GRW, CMX, SNO, and SWVC along with couple others took me down xx,xxx. For some people that is two year's of income.
I take the blame on biting on the hype.

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[Mckenzie]

VMS looking really attractive at these prices. They have lots of cash, experienced management, low geopolitical risk and a mineable deposit, with assays from hole 36 pending. I picked up another 10k today at .51 to bring my average down.
Should be good for a nice gain from here. Buy when there is blood on the streets I guess.

[liquid1010]

It's funny that people mention RSG and CMX. My portfolio was doing fairly decent until I started visiting this thread to often...... and I went heavily into CMX and RSG..... meanwhile exiting my long-term position in GCE.TO.

Well.... I should have trusted my judgement more, as RSG and CMX took a nosedive and GCE.TO turned into a 6 bagger.... :nut:

My own fault.....:banghead:

Slowly working my way back, and now holding tight to GCA.

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[bigbadboss101]

Looking at some Potash stocks. Not the ones that are well known but some of the cheaper, soon to be more known ones.

Opinions?

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[bigbadboss101]

I have CAJ on my radar. Reading stuff from hotstockmarket.com. The forum seem more realistic and not much pumping like SH.

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[Schwa]

Did you ever hear back from PBT management?

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