Official Short-term Investments Thread

[SilverRex]

Hui index looking sharply higher once again thank you GOLD. just needs to end the week on a bullish note, then gold shares going to take off

[broken_legs]

djia.... IS .... UP! UP!! UP!!! UP!!!! :burnout:

[Big Daddy G]

Wow.

As a casual observer before all this started, it has been truly amazing to read the different opinions on what is going on in this market.

It almost seems like things are backwards now, rate cuts in the past were followed by huge rallies, news that the bailout has been accepted you would have thought should have jump started the markets.

Lol, and as I write this, the DOW just took a huge jump to +144.

Interesting to watch history being made.

[Beerking]

I accidently...... a fuck:facepalm:

[SilverRex]

I dont know about you guys but I think oil is a the right price around 85-87 which is about 68-70 for USO

Gold will continue to rally until it reaches the 960 trendline resistance

I read somewhere that thre should be a huge US rally leading up to elections. and people will again sell off taking any small profits off the table.

Gold and silver will explode in 2009 and I also read silver future could fetch in the 26-30 dollar range next year.

Ride the metals until the market stabalizes

and if your trapped, look to get out when US rallies and look at your trades short term only

[broken_legs]

My long term plan is to trade the obvious swings, roll the profit into short funds, puts on high p/e stocks that are due for a correction, and some gold.

I honestly think that the market is going way down. Were already down almost 20% on the dow and the recession and periods of bad earnings and misses hasnt even started yet. We could be a year or two away from the absolute bottom.

[broken_legs]

LOL!

CNBC "Oil is collapsing like a wet Taco"

[Canmorite]

Originally posted by broken_legs


I honestly think that the market is going way down. Were already down almost 20% on the dow and the recession and periods of bad earnings and misses hasnt even started yet. We could be a year or two away from the absolute bottom.

Some 30% down from the high already. I think a lot of those bad earnings are priced in. But I know we could go lower on forced selling, but that all depends on redemptions, and redemptions depend on how much more fear will with the markets. (Fear index: VIX)

Markets look 3-6 months in advance, so if a turn around happens in prices now, better numbers would likely come in in Jan-April 09. (Lagging vs. predicting indicators).

Bounces after sharp sell-offs catch a lot of people off guard. Shorts get creamed and covering happens really fast.

[Pacman]

Originally posted by broken_legs
LOL!

CNBC "Oil is collapsing like a wet Taco"

At the current rate, we will all be standing in soup lines by December.

[broken_legs]

EDIT: nvr mind!

[djayz]

Still 3 month to go until the end of the year. Lot of analysts predicted that we close near or above 15000 for the TSX by year end. I think its possible although october maybe the month we see the most volatility.

Wonder if there will be a big sell of due to tax loss selling this year? haha

[BigMass]

Originally posted by djayz
Still 3 month to go until the end of the year. Lot of analysts predicted that we close near or above 15000 for the TSX by year end. I think its possible although october maybe the month we see the most volatility.

Wonder if there will be a big sell of due to tax loss selling this year? haha

still possible? If the TSX even exists at the end of the year it will be a miracle

[BigMass]

Originally posted by Pacman


At the current rate, we will all be standing in soup lines by December.

we won't be able to afford soup. Start marinating your shoe leather now

[SilverRex]

anyways the USD/CAD exchange rate just keeps going up now at 1.12 which after the 1.5% exchange rate fee. I may be thinking of converting all my funds back to CAD to take advantage of the 10% and I will scoup up what ever Canadian traded gold fund and stock alike to keep my commodities going

[BigMass]

Originally posted by SilverRex
anyways the USD/CAD exchange rate just keeps going up now at 1.12 which after the 1.5% exchange rate fee. I may be thinking of converting all my funds back to CAD to take advantage of the 10% and I will scoup up what ever Canadian traded gold fund and stock alike to keep my commodities going

i wished i would have been a lot more confident with my own advise and bought a heck of a lot more gold than i did. Like i predicted, paper dollars won't be worth toilet paper soon.

They are imploding the economy, they will put everyone out of a job, people with savings will have their money devalued to the point of worthlessness, everyone will be on government welfare with implanted chips for money and identification, and eventually the only job you will be able to get is to work for the government which will have every industry nationalized.

[liquid1010]

Man... I'm thinking of cashing in my ABX calls for a quick 115% return right now.

[Canmorite]

Originally posted by liquid1010
Man... I'm thinking of cashing in my ABX calls for a quick 115% return right now.

If ABX can move through 41-41.50, you'll be laughing. Maybe sell half if you want to take some profit and hold the rest. Just a suggestion, do as you wish!

[SilverRex]

phuck the HUI index is on fire, and it's looking very bullish which means both gold stock can easily move back to price 2 weeks ago.

i thank myself for moving half my funds into abx and kgc as auy is really doing squad.

now that im up 20-25% on some of these. I wonder if I should let it ride or take my profit now. I've seen too many days where gold shares just collasp

the trend is of course up. This is tempting.

:nut:

[SilverRex]

Originally posted by liquid1010
Man... I'm thinking of cashing in my ABX calls for a quick 115% return right now.

you should keep half

because the HUI index is no jokingly bullish to the point that it will at least move another few pts higher. I wont be surprise abx will at least touch off 39 once again unless gold can break 920

[SilverRex]

:angel:

im going to get a heart attack

AUy up 12+%
ABX up 15+%
KGC up 15+%

most importantly the hui in dex up 14+% this is insane. been waiting for this to happen.

[liquid1010]

Originally posted by SilverRex


you should keep half

because the HUI index is no jokingly bullish to the point that it will at least move another few pts higher. I wont be surprise abx will at least touch off 39 once again unless gold can break 920

I sold all just a little too early, and am looking for a re-entry point now......

Thinking of doubling down on Suncor. They are going to rebound quickly when the market stars to firm up, due to solid earnings, and a low D/E. Oil price also needs to shore up a little though.

[broken_legs]

Originally posted by liquid1010


I sold all just a little too early, and am looking for a re-entry point now......

Thinking of doubling down on Suncor. They are going to rebound quickly when the market stars to firm up, due to solid earnings, and a low D/E. Oil price also needs to shore up a little though.

look at intraday on SU, its about to do something... 12:10

[TYMSMNY]

It's... going.. up!?

$30 calls in the money.

[djayz]

The sky is falling...its snowing!!!

Faster is gets colder and the longer it sticks around the higher the price of natural gas and oil go up :D

Take your pick haha.

[SilverRex]

so the HUI index closed 299, that is a crazy one day run up. May be a record too

if anything certainly it has all the momentum in the world to move at least another 10% easily.

I will be looking to buy on dips

[liquid1010]

Anyone else looking at Silver these days? It isn't quite as strong a safe haven as Gold, but there has been a slight divergence in their charts. Silver seems to lag gold just slightly..... so these moves in Gold may be mirrored in Silver.....

[SilverRex]

Originally posted by liquid1010
Anyone else looking at Silver these days? It isn't quite as strong a safe haven as Gold, but there has been a slight divergence in their charts. Silver seems to lag gold just slightly..... so these moves in Gold may be mirrored in Silver.....

well the only silver expousre I have is thru investing in cef.a or spot forex. I'm looking to buy on dips when price of silver gets back to around 11.00, I think it has bottomed out near 10

[n03l]

hello, I don't currently have any investments but now am in the position to make some. I see that A LOT of large companies stocks have crashed severely such as Apple, Coke, Intel, GE, etc. Would it be wise to take advantage of the low prices or do you guys think the prices will dip even lower?

[max_boost]

Well whatever you do, don't invest all your capital at once. Invest half and then wait and see what happens. Don't know if that's the right method or not but I don't like having all my eggs in one basket! If it goes up, you can sell, if it goes down, can always average down right :D

[broken_legs]

Well....


I held onto my calls on SU and sold them into the Paulson Speech. Then I saw the market sell off, as it has every single time either bush or paulson or bernanke get up and talk. Seemed like a sure thing so i went short on su puts.


I knew they were over priced but I thought for sure I could jump in and out for 10-20% in the last 30m of the day.

So the dow sells off, and SU doesn't really budge.


Now asia and Europe are all up 2-3%, dow futures are up and my puts will expire worthless completely worthless.

*sigh*

Unless........ dum dum dum

The shorting ban expired at 11:59 pm Oct 8, so today there may be some shorting!

AND

A new development in the bailout plan will have the Fed taking equity stakes in all of the banks, maybe this will be seen as a bad thing and cause more panic, i dunno.

I'm still waiting for the "Capitulation" moment where the dow sells off huge. I think it should have happened yesterday but the interest rate cut kind of screwed that up. Lots of people are on the sidelines waiting for a huge rally. But I dont think that can happen until theres a mother of all sell offs, not the usual 500 down 300 up day.

what to do what to do

Hmmmmmm

[SilverRex]

Originally posted by max_boost
Well whatever you do, don't invest all your capital at once. Invest half and then wait and see what happens. Don't know if that's the right method or not but I don't like having all my eggs in one basket! If it goes up, you can sell, if it goes down, can always average down right :D

no you are right

from the last 6 months of trading, I notice 99% of the time that most of my entries are usually NOT the bottom. So that makes a huge case as to how much one should invest.

My own strategy is to wait for the best price then have 3 position ready. Some times averaging down once may not be enough. But of course the idea is, once you do face the situation where you have to cost average 3 times. then you have to tell yourself that is all you can afford and once it does rise back up, you unwind each position as to come up to the previous one so that in a side way market you can take advantage of the volatility.

I had a funny dream last night that apple share price dip to 100 and when I bought in it dip to 1-5 dollars and was highly unstable jumping to 100 and back to 3 dollars. of course I Was laughing as I was scouping them up at 1-3 dollars then unloading it 50 dollars later.

Then I woke up and I said (DAM) that was only a freaking dream. lol too much thinking about the market latel.y :D


Anyhow the massive run up of the entire gold sector yesterday is only the beginning. I sense profit taking will happen right at open as far as how low it would go is anyone's guest but I will look for a place to re-enter. You can so tell that it will go up more possilby another 20 pts on the hui to 320, if I pick my fruits right I should be able to ride another 10%, then I will unwind the majority as the higher it goes, the more likely it could suddenly give back everything. However many gold mining stocks are looking good chart wise (inverted H&S) hopefully this is just another bullish signs that its safe to bet on them.

[SilverRex]

"GOLD DEFAULT DEAD AHEAD: The COMEX and London Metal Exchange are living on borrowed time in their corrupt gold game. They sell paper gold, and precious little actual gold metal. See a refreshing straightforward interview aired on CNBC of all places (Click Here) (http://www.cnbc.com/id/15840232?video=880574352&play=1) It is by Jurg Kiener, CEO of Swiss Asia Capital. He points out the dual market for gold, one paper and one metal. He expects soon the US ‘gambling price’ gold market in COMEX and LME to default. By that he means a return suddenly to physical price determination. He is quoted to say THE GOLD PRICE WOULD DOUBLE VERY QUICKLY, LIKE IN DAYS AFTER THE EXPECTED METAL DEFAULT. One should expect the interview to be lifted and removed from their website within days, after they realize the explosive nature of his words.



THE FAVORABLE DISCONNECT: In August, my analysis pointed out that a disconnect was necessary for the gold price to rise independently of the USDollar. Gold is no longer just an anti-US$ trade, but rather a trade on global monetary inflation. With today’s virtual global rate cut, one can herald the transition as complete. Notice how since mid-September, the gold price has risen with the USDollar DX index, shown in the big green ellipse. Liquidations and monetizations will go hand in hand, once properly understood. Gold has begun to respond to anticipated extreme new US$ money supply growth and supply needs. "

[Rat Fink]

.

[SilverRex]

USD/CAD rate now in the 1.1345 wtf?

can we see 1.2 soon?

kuz if it is, I would totally move everything back to CAD for the 20% notch here

[Supa Dexta]

Dollar is taking a beating for sure, I'm just glad I saved a few grand by importing a couple weeks back... I may have took a hit on slightly higher gas prices driving last week, but it's more then made up in the dollar difference now.

I'm surprised its slipping so much, I assume it's only temporary though.

[broken_legs]

Sooo Happy I bought puts :bigpimp:


I will sell them today when SU is around low 25-24 dollar range me thinks. If today is the big sell off I have been waiting for then I will roll 1/4 into Oct Calls for the super volatile upside, 1/4 into Nov Calls and some into gold

[rc2002]

So much talk of gold. I predicted big things for it about a year and a half ago when it was trading between $600-$700.

Personally, I don't think there's that much more upside in it. With all the governments carefully monitoring their economies and coordinating their efforts in intervening, there's no way the monetary system is going to crash.

[SilverRex]

CAD/USD now 1.146 DAM

[SilverRex]

Originally posted by richardchan2002
So much talk of gold. I predicted big things for it about a year and a half ago when it was trading between $600-$700.

Personally, I don't think there's that much more upside in it. With all the governments carefully monitoring their economies and coordinating their efforts in intervening, there's no way the monetary system is going to crash.

well dont forget this is only the 7th year of this gold bull run. typically trend since the very first bull and bear market are all either 8 years or 14 years.

so to speak, 8 year run is only convertative thinking. which puts gold around 1433 dollars /ouce

withthe bailout and complete finance melt down of the US, you cant possibly think this is the end of it do you? Then you also have the divergence of the paper gold vs physical gold price that will soon change when the paper gold collaspe.

Anyhow im up 11% on silver :) go metals

[troyl]

Originally posted by broken_legs
Well....


I held onto my calls on SU and sold them into the Paulson Speech. Then I saw the market sell off, as it has every single time either bush or paulson or bernanke get up and talk. Seemed like a sure thing so i went short on su puts.


I knew they were over priced but I thought for sure I could jump in and out for 10-20% in the last 30m of the day.

So the dow sells off, and SU doesn't really budge.


Now asia and Europe are all up 2-3%, dow futures are up and my puts will expire worthless completely worthless.

*sigh*

Unless........ dum dum dum

The shorting ban expired at 11:59 pm Oct 8, so today there may be some shorting!



If you went short on SU puts, wouldn't that mean you wrote the put so you would still collect your premium?

[Beerking]

Can someone explain to me how on earth the american $ is even going up let alone how high it is already?? I mean, I expected a little jump to maybe 1.05 or 1.07, but c'mon this is getting stupid...

[SilverRex]

Originally posted by Beerking
Can someone explain to me how on earth the american $ is even going up let alone how high it is already?? I mean, I expected a little jump to maybe 1.05 or 1.07, but c'mon this is getting stupid...


I think its quite obvious, we underestimated the liqudation, and everyone cashing out of their funds. Temporary this influx is like quiet before the storm or one article says, a tide moves out before a tsunami hits.

What is even more scary is that both gold and dollar is gaining strength at the same time. So one has to give.

again for those of you who holds alot of US cash or stocks. Think about the 13+% you get from the current exchange rate after the bank fees. Just cant beat it in this uncertainity enviorment

[89coupe]

PMT.un is a GREAT buy right now. The units are paying out over 20% on your dollar at the present price.

[dj_honda]

deflation maybe? lots of the economic blogs i've looked at are starting to point to that. especially when in comparison to japans deflationary period in the 90's....might be time to start buying bonds again.

[SilverRex]

Gold to hit 1000 in Q1/09

http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/10/09/gold-expected-to-rally-above-1000-in-q1-2009.aspx

[djayz]

Originally posted by 89coupe
PMT.un is a GREAT buy right now. The units are paying out over 20% on your dollar at the present price.

If you're looking for high yields look at HTE.UN...paying out 33% :eek:

PGF.UN paying out 24%
TET.UN paying out 18%


I guess if things are sustainable it's great but nat. gas going down and markets the way they are most of these trusts will probably cut distributions in a month or two if things don't start looking up.

[89coupe]

Originally posted by djayz


If you're looking for high yields look at HTE.UN...paying out 33% :eek:

PGF.UN paying out 24%
TET.UN paying out 18%


I guess if things are sustainable it's great but nat. gas going down and markets the way they are most of these trusts will probably cut distributions in a month or two if things don't start looking up.

Winter is coming, everybody needs to stay warm

[djayz]

Just heard that most companies bought nat. gas at last months prices so our gas bills will be going up even though nat.gas is going down.

I'm loaded up on trilogy only because I want to exit when the market turns around due to trusts turning into corporations. Most of the share prices of these trusts will stay supressed because everyone will be looking for an exit as the time comes closer.

[max_boost]

FWIW:

I have no money though unless I sell one of my cars right now lol


INTERIM WARNING BULLETIN9 October 2008, Vol 2008, #13 ENOUGH IS ENOUGH -- "BUY"

This is our fourth Short-Term "Buy" signal of this year, thefirst two having been flashed within a few days of rock bottomand a rally. It's not easy for anyone figuratively to try tocatch a falling safe, but let's see if we can make it four in arow. This market is so historically Oversold that it isincreasingly likely to have at least what we call a "dead-bullbounce."

[broken_legs]

:bigpimp:

[Canmorite]

WTF just happened with gold? $30 in 30 mins :confused:

[Supa Dexta]

HA. yeah I was watching the ticker on BNN and it was like a slot machine, numbers turning over.

[SilverRex]

sweet gold 923, this is big.

go gold go.. and silver too

[Z_Fan]

Originally posted by Canmorite
WTF just happened with gold? $30 in 30 mins :confused:

Yeah, and the TSX and DOW went down a couple hundred points each (or was it more!) in that same time frame. Crazy.

[broken_legs]

wow


How'd you guys make out today???



So I don't know why, but BUSH is going to have a speech tomorrow at 10 am ET.


Haven't they figured out yet that EVERY TIME BUSH, PAULSON, or BERNANKE open their flappers the market sells off 300+ points??

Funny cause 2 weeks ago Cramer was calling for DOW 8700... Glad I watched that show, also glad I started selling into the rallies like he had been saying for the month previous.

Sold all my SU puts 10 minutes before the bell and I loaded up on Su Nov 30 Calls. I was down over 50% first thing in the morning and feeling a bit sick, luckily I was on the rig for most of the afternoon and came back in the shack right as the market was bottoming.

I have some extra money now after today's trade so I'm going to transfer it into the CAD account for an easy 10%

What do you guys think about tomorrows action? I'd say today was capitulation... We set a new record on the VIX, highest reading ever.

If that isn't a good point to start a massive rally I don't know what is.

[Pacman]

What strike price did you buy the Nov SU calls?

I'm tempted to buy some SU calls as well, but I'm holding so much stock that I feel a bit over exposed right now.

[Inzane]

Originally posted by broken_legs
Haven't they figured out yet that EVERY TIME BUSH, PAULSON, or BERNANKE open their flappers the market sells off 300+ points??

In a similar vein I'm curious what effect our federal election results next week will have our on CDN dollar and stock exchanges.

Any guesses given these potentail scenarios:
Tory majority - ? (not bloody likely, based on recent polls)
Tory minority - ?
Liberal minority - ? (a possibility now, based on recent polls)
NDP minority - ? (heh.. ya right)

And any potential difference (in terms of market reaction) with a Tory minority and whether it's NDP or Liberal as the main opposition?

[Supa Dexta]

With the libs desire to up taxes and implement carbon taxes.. watch out.

[max_boost]

Well with my limited funds I got into the RBC Canadian Dividend fund for a long term hold. It's basically like an index to the TSX, heavily weighted in banking/energy sector. 10,000 is a pretty safe entry point I hope lol

[e36bmw///]

nm

[Canmorite]

Originally posted by broken_legs
wow So I don't know why, but BUSH is going to have a speech tomorrow at 10 am ET.


To re-assure every dat da fundamentals of americuhn economy are strong.

[ChappedLips]

He is just going to scare everyone even more.

Another 600 point down day, awesome!

[broken_legs]

Originally posted by Pacman
What strike price did you buy the Nov SU calls?

I'm tempted to buy some SU calls as well, but I'm holding so much stock that I feel a bit over exposed right now.

What I should have done today was buy the stock and use margin on the stock to buy the calls, but I was too excited and in a rush when I sold my puts.

I sold 40 25 Oct Puts for 225, bought them for 170

Then right as the bell was ringing I picked up 40 Nov 30 Calls between 1.95 and 2.20.

I'm guessing you're into the 30 calls too. What did you pay for them?



On another note, heres what my new Active Trader Platform from TD looks like:

http://i274.photobucket.com/albums/jj259/broken_legs/ActiveTraderPrintScreen.jpg

Made trading options and making super quick trades/decisions really fast and easy. click click bang, as opposed to click, wait for screen to load, choose correct account and currency, wait for screen to load, hit quote again, wait for that to load, then buy at market because I was always too slow!

It has Virtual Trailing Stop Orders, but they only work for stocks. It also has Bracket Orders (ie a high and low sell order and once one is triggered the other is deleted.

Charting is pretty cool. You have all the studies, charts update in real time and dont freeze like with my GLobeinvestorGold. Whenever I click on any stock or options or whatever, it automatically appears in the order window so its two clicks away from being bought or sold.
You can draw your own trend and support lines in real time etc..

I think i'll stick with this unit for a while and see how I do.

I also signed up for TOS, but was turned off because I have to mail them a cheque. This was turn key with TD.

[e36bmw///]

nm

[Pacman]

I'm quite sure TD and TOS use the same IBM based software for their active traders. I'm a cheap bastard and the TOS system was free, wheras TD wanted $100/month from me for their software.

I've got some SU Nov 30 calls and I paid, on average, $2.50 for them.




Originally posted by broken_legs


What I should have done today was buy the stock and use margin on the stock to buy the calls, but I was too excited and in a rush when I sold my puts.

I sold 40 25 Oct Puts for 225, bought them for 170

Then right as the bell was ringing I picked up 40 Nov 30 Calls between 1.95 and 2.20.

I'm guessing you're into the 30 calls too. What did you pay for them?



On another note, heres what my new Active Trader Platform from TD looks like:

http://i274.photobucket.com/albums/jj259/broken_legs/ActiveTraderPrintScreen.jpg

Made trading options and making super quick trades/decisions really fast and easy. click click bang, as opposed to click, wait for screen to load, choose correct account and currency, wait for screen to load, hit quote again, wait for that to load, then buy at market because I was always too slow!

It has Virtual Trailing Stop Orders, but they only work for stocks. It also has Bracket Orders (ie a high and low sell order and once one is triggered the other is deleted.

Charting is pretty cool. You have all the studies, charts update in real time and dont freeze like with my GLobeinvestorGold. Whenever I click on any stock or options or whatever, it automatically appears in the order window so its two clicks away from being bought or sold.
You can draw your own trend and support lines in real time etc..

I think i'll stick with this unit for a while and see how I do.

I also signed up for TOS, but was turned off because I have to mail them a cheque. This was turn key with TD.

[broken_legs]

Originally posted by Pacman
I'm quite sure TD and TOS use the same IBM based software for their active traders. I'm a cheap bastard and the TOS system was free, wheras TD wanted $100/month from me for their software.

I've got some SU Nov 30 calls and I paid, on average, $2.50 for them.





What are the fees for using TOS?

I'm pretty sure the 100/month is for the exchange fees with Active trader. I'm already paying that with my GlobeINvestorGold Tracker so for me it wasnt a big deal.


Back to options now, does TOS let you chart options? I want to chart options prices vs stock price, i need to see the relation, i can't work off gammas and thetas and rhos

Do you know if theres a place where I can see historical options prices or options prices charts?

[Pacman]

There are no fees for TOS and the cost per trade is low...$5 per trade plus $1.50 for each option contract.

You can chart options, but I haven't played around with it enough to do it. There are too many features with TOS and I"m not the most computer savvy person.

Let me play around with it tonight and I'll get back to you on it.


Originally posted by broken_legs



What are the fees for using TOS?

I'm pretty sure the 100/month is for the exchange fees with Active trader. I'm already paying that with my GlobeINvestorGold Tracker so for me it wasnt a big deal.


Back to options now, does TOS let you chart options? I want to chart options prices vs stock price, i need to see the relation, i can't work off gammas and thetas and rhos

Do you know if theres a place where I can see historical options prices or options prices charts?

[SilverRex]

gold broke the 920ish barrier, now 926

base on price project from the 740 low to 920 high, the 820 recent support should lift this towards 960

I will hold my gold stocks and silver until this level as there should be some resistance.

silver is looking good, nearly triple my money lol

go GOLD go

Oh and take note.

CAD/USD now 1.16 exchange rate

[Canmorite]

Nikkei down 11%. This is going grrrrreat.

[n03l]

anyone buying stocks in Apple, Coke, GE, Ebay, Intel, any other large companies that have just recently taken their big dive? I've been skimming through the thread but don't see them mentioned often. Like I said in my last post I am a first time investor...started a account with questrade and will be doing some investing here when the account is all setup...just wondering what you guys think about investing in the big companies.... i was thinking about putting 3k into 3 companies from above and then maybe risk some with fannie and freddie

Thoughts? are these bad decisions?

[bigbadboss101]

Keep on sinking.

SilverRex, how is your Forex going?

[SilverRex]

^^^

dont forget with these recent market crash, alot of valuation will be reset to lower levels meaning for example. dont look at apple as a 200 dollar stock.

and be prepare to take your profits when you see them, as I see any rally is a chance for people to get out. it will be a very long time before things get back to normal and trend upwards

[SilverRex]

Originally posted by bigbadboss101
Keep on sinking.

SilverRex, how is your Forex going?


the only thing im playing forex is silver. I was able to get in low 11s silver spot price. hopefully gold can hit 960 and silver around 13.5 then I will take my profits and wait for big dips


Im heavily invested in gold stock right now, so the turn around in HUI is big for me. Looking HUI to at least test the 50 day moving average at 320. Thank fully I finally got tired of AUY since it is way under performing, during pull backs somehow this stock drops more than its peers. So now I have moved most of my funds into abx/kgc and they are holding up very well.

Tomorrow will be an interesting day. Let see if Gold finally has what it takes to move higher. It is still fighting hard around the 920 area.

with DOW at around 8500. it appears its inevitable that it will test 8000 which looks to be is a big support chart wise. Temporary I think it will hold up. the PPT may be at full force tomorrow once it touches this level IMO.

[Z_Fan]

I agree. I think people who think this is going to rebound back by early 2009 are absolute dreamers.

[Inzane]

Originally posted by n03l
anyone buying stocks in Apple, Coke, GE, Ebay, Intel, any other large companies that have just recently taken their big dive?

Thoughts? are these bad decisions?

I bought some Apple earlier today. I'm not sure if it was a bad decision or not. (who does right now, right?) I think I might stick to a real short term plan with it, depending what the stock does.
The other thing I didn't consider was the US dollar situation.. It may have only been ~1.12 or so when I bought it, but still... I could lose a bit on that if the exchange trend reverses before I sell.

But I've also gone heavy into gold and silver recently like SilverRex. (in stocks and in mutuals).

[ckangarloo]

Falling knife. I'm down almost 30% since July on a supposedly low risk mutual fund (AGF799) through Wood Gundy. Stopped listening to that dude and opened my own trading account.

Got into ABX a few days ago and will hang on for a little while longer.

Contemplating cutting my losses and getting out of the mutual fund. I got in near the peak of the market and its going to take a while for it to recoup those losses. That is my thinking right now anyway.

BTW - This thread has been very insightful as of late me thinks.

[e36bmw///]

nm

[broken_legs]

OMG

Nikkei down 11%

DAX down 10%

FTSE down 10%

:eek:

The sky IS Falling!


I say that tomorrow the market rebounds with news from Bush. The sell on speech trade is getting too obvious now, something different has to happen. Dow Futures are down 2% right now... Yikes

I think Oil is going to drop into the 70s here.... :cry:


And meanwhile on CNN Glen Beck is Calling it like he see it 'ONE WORLD CURRENCY' 'NEW WORLD ORDER'

Holy fook

hD_ZIs4zlDQ

[SilverRex]

welp

the world market definately set the stage for DOW to hit 8000

again I see 8000 as a good floor and see what the fed and bush will do to lift the market.

Aside from that even with a rally for 1000 pts. Remember, this market has just turned into a intraday trading ground. You can throw long term out the window unless you can buy and turn off your computer for a few years.

the swings will be massive.

oil crushed thru the 85-87 like it didnt mean nothing too, now at 82 ish. we talking 75 and with winter season coming up, I bet some investor (who cant go on a day without betting their money on something) or suddenly move into energy

Gold is quite volatile, up to 930 which most would thing is a take off, then back down to 900.

someone is seriously (the gov I say) doesnt want gold to breakout. You can see everyt anti-gold person is fighting of their life at 920

something tells me maybe some big player couldnt cover and 920 is their last defense? And they know if gold was to break to 4 digits, every short on gold would be killed and it only further fuels the fire?

mind you I bet even the US gov dont want to see higher gold prices, they will continue to do what ever it takes to hold it down since if gold was to run away, everyone on earth will not hessitate to jump on the wagon, but by having it so volatile, it can scare alot of investor off the table which in turns keeps their US cash.

hold your breath, its exciting in a way and scary another that you are seeing coming like GM falling thru the sky, how much can you hold on to? I feel sorry for companies going down and out because of the lack of investor confidence, in a normal recession they would have been fine.

companies with strong cash position are the only winners. time to watch what companies get delisted lol

[broken_legs]

WTF


I've been sending market orders but none of them are being accepted. They aren''t being turned away, just not getting any response from the server w/ active trader.

DOW down 500 Points right out of the gate. Gotta love it!

[TYMSMNY]

Originally posted by broken_legs
WTF


I've been sending market orders but none of them are being accepted. They aren''t being turned away, just not getting any response from the server w/ active trader.

DOW down 500 Points right out of the gate. Gotta love it!

TSX having delays. They are working on it.

[Canmorite]

Originally posted by SilverRex
someone is seriously (the gov I say) doesnt want gold to breakout. You can see everyt anti-gold person is fighting of their life at 920


Pissing me off. It has hit 920 so many times now.

Oil hit 78.59 :nut:

What's bush saying? No live feed in class here...

[broken_legs]

Originally posted by Canmorite


Pissing me off. It has hit 920 so many times now.

Oil hit 78.59 :nut:

What's bush saying? No live feed in class here...


Bush speaks in 4 minutes...





TSX having delays. They are working on it.


Im sending orders to the NYSE...

This scares me if I had to get out...!!

[e36bmw///]

nm

[Canmorite]

Originally posted by broken_legs



Bush speaks in 4 minutes...





Im sending orders to the NYSE...

This scares me if I had to get out...!!

I'll watch for the sell off in 4 mins :rofl:

If TSX is down, or NYSE is down, you can hedge by using an exchange still open. When CME went down, people would buy/sell the dow on CBOT (I think). Since the merger between those two well...Guess you could use TF (Russell 2000) on NYBOT.

[Supa Dexta]

annnnd he's on.

[TYMSMNY]

^ and the markets are heading down.

on another note, TSX has halted some stocks due to tech difficulties.

partial list,

BXN.PR.B
MNF
GAM
AX.UN
EQW.UN
SCI.UN
CXX.UN
DTF.UN
GM
NNF
XN.PR.B
SLW.WT
NBF
FRA
NVN
KMP
WED
DMM

[adam c]

the indexes are absolutely crazy today

edit. wow good time to live in the US now... the government will make your mortgage payments now

[Canmorite]

Originally posted by adam c
the indexes are absolutely crazy today

edit. wow good time to live in the US now... the government will make your mortgage payments now

If you qualify. I personally wouldn't want the Government having equity/owning any portion of my home, even though the payments would be nice.

[broken_legs]

so i just called TD Waterhouse active trader desk


I guess all those orders that I put in at market that didnt go through, actually did go through....


My account says I have no shares, no order history

I would have had no idea that i just bought 300 shares of suncor unless I called these jokers



im on hold right now with them trying to figure out wtf im going to do hahaha

[Pacman]

I had a couple of friends that had similar issues with the TD Active Trader system.

TOS hasn't given me any issues and I've been with them since January.


Originally posted by broken_legs
so i just called TD Waterhouse active trader desk


I guess all those orders that I put in at market that didnt go through, actually did go through....


My account says I have no shares, no order history

I would have had no idea that i just bought 300 shares of suncor unless I called these jokers



im on hold right now with them trying to figure out wtf im going to do hahaha

[TYMSMNY]

All orders on the TSX is delayed. If you want something done.. call a trader if you can. Orders are approximately 2-4minutes delayed for some names.

[e36bmw///]

nm

[Canmorite]

Originally posted by TYMSMNY
All orders on the TSX is delayed. If you want something done.. call a trader if you can. Orders are approximately 2-4minutes delayed for some names.

And prepared to get raped on spreads haha.

[Z_Fan]

I'm just baffled about the CDN$. Seems like BS to me. Sure glad I don't have to buy any car parts from the USA!

[Supa Dexta]

Theres a guy on now, and he cant stress enough not to average down.. He says more traders have killed themselves over that then anything else.

[Inzane]

Originally posted by Supa Dexta
Theres a guy on now, and he cant stress enough not to average down.. He says more traders have killed themselves over that then anything else.

Can you elaborate a bit on that. Do mean traders continually aiming for the bottom and missing?

[Schwa]

working for $200 a day means dick all when you're losing $600/day on the backend. hahaha

[broken_legs]

Originally posted by Inzane


Can you elaborate a bit on that. Do mean traders continually aiming for the bottom and missing?

Dont buy high, then buy more lower, then sell even lower than that




So I talked to a Resource Rep at TD. Sounded like some punk kid, i was not impressed.

They sold my SU for me and are going to credit my account the difference between the price SU was trading at when I called in and when they just sold it for me.

I still have 100 shares, but thats all I really wanted to begin with. Grrrr

Got some more options too... When the dow broke its down trend about 30 minutes ago
:guns:

[Inzane]

Originally posted by broken_legs
Dont buy high, then buy more lower, then sell even lower than that


Ah, well that should be common sense, right? :nut: