Official Short-term Investments Thread

[djayz]

Originally posted by max_boost
Gambled on Oil going back up.

5000 shares of HOU.TSX

Bought in at $4.50. Closed at $4.99

Damn you gambling big! I say take the profit and run, oil's still unstable right now.

[max_boost]

^^^

If Oil crashes, then you buy:

HOD.TSX :bigpimp:

[Canmorite]

HOU on my watchlist. Looking for a break and hold above $5.00.

[djayz]

Damn it, you guys are making me want to buy into HOU now haha.

[djayz]

How many Canadians take a day off from trading today because of the Thanksgiving in the States?

Volumes on stocks are so low it's like our countries on holiday!

[Canmorite]

A lot of the volume on the TSX comes from the US I'd imagine.

[tryingtobebest1]

Originally posted by max_boost
Gambled on Oil going back up.

5000 shares of HOU.TSX

Bought in at $4.50. Closed at $4.99

Hey man, if you don't mind me asking how much are you getting charged for 5000 share transaction? I am getting charged $29 for any buy/sell transaction under 1000 shares won't let me buy more and i am with TD waterhouse, what is everyone using, may be there is something better for me!???

[Beerking]

Originally posted by tryingtobebest1


Hey man, if you don't mind me asking how much are you getting charged for 5000 share transaction? I am getting charged $29 for any buy/sell transaction under 1000 shares won't let me buy more and i am with TD waterhouse, what is everyone using, may be there is something better for me!???

28$ for me with Scotia Direct, and I have not had a problem when buying more than 2500 shares.

[bigbadboss101]

TD, $7 per

[SilverRex]

^

me too

[DJ_NAV]

questrade.... $0.01 per stock, minimum $5, maximum $10. I usually just pay 5.

[aklalani]

$9.99 with waterhouse and $9.99usd with tradefreedom for US equities

[Inzane]

Originally posted by bigbadboss101
TD, $7 per

How many trades per month are you making to get that rate? Or is that for maintaining your account balance above some huge amount?

[bigbadboss101]

Originally posted by Inzane


How many trades per month are you making to get that rate? Or is that for maintaining your account balance above some huge amount?

I believe it's one or the other. IF you have X # of trades per quarter, or so much balance. Used to be $9.99 but recently changed to $7.

[Fiddy Yen]

42% gain for me today:eek:

[anothers10]

Originally posted by Inzane


How many trades per month are you making to get that rate? Or is that for maintaining your account balance above some huge amount?

150+ trades per quarter

[Z_Fan]

I am going to cry again of course over missing the boat. I had to cash out stocks yesterday in the morning for a large purchase. I had been holding TLM for a while, and bought it when it was 11's and 12's. Then it dropped, and so I held as long as I could making trades along the way hopefully timing dips and rallies to offset my losses. I actually bought $10k more worth of shares when it was 9.39 and 8.40 (in the same day) - but because I needed the money knowingly for this purchase. Right, so I bailed on it early for what I bought when it was low because I really had to have the money safe and secure. And then I had to sell yesterday as I was going out the door and sold my remaining shares at $10.39.

If I would have been able to hold until 2PM or so today, I'd have made about $4,000.00+ in profits. Instead, I had to trade my ass off for the last two weeks risking a lot of cash just to wind up losing $111.78. Arrrrgh!

And so, I cry and bitch and complain. ;)

[max_boost]

Originally posted by Z_Fan
And so, I cry and bitch and complain. ;)

You always seem to miss the boat. ;)

[Z_Fan]

Yup. I've missed A LOT of boats it seems.

Been on a few too, and then they sank. :dunno:

[bigbadboss101]

I sold GCE at 0.73 the other day and it jumped nicely. Sold YRI at $6.25 and up it goes :-)

[djayz]

I've changed my strategy for alot of stuff now. I don't worry about missing the boat I just worry about not falling off haha.

I take profit wherever and whenever I can now, even if its $100 after commisions I'll take it, and so far with this strategy I have made more money buying and holding and watching something sky rocket then plummet to a loss again.

Sucks to hear Z_Fan but you'll make up for it somewhere else.

[natejj]

Originally posted by bigbadboss101
I sold GCE at 0.73 the other day and it jumped nicely. Sold YRI at $6.25 and up it goes :-)

I sold my YRI at 6.50. Don't feel too bad, I was watching Fast Money the other day, and they gave it a good pat on the back, I think that might be why it's still going up. I plan to jump back in if it ever goes back below $5.... a super solid stock.

[Beerking]

Originally posted by bigbadboss101
I sold GCE at 0.73 the other day and it jumped nicely. Sold YRI at $6.25 and up it goes :-)

Ive got a ways to go for YRI, keep going baby!!!:thumbsup:

[max_boost]

Going to gamble tomorrow with 4000 shares of HOU and 500 shares of RY.

This could make or break me for 2008.

:eek: :eek: :eek:

[Canmorite]

HOU couldn't break and hold $5. Futures still trending lower.

[TYMSMNY]

Picked up HOD this morning at 33.70. Getting out this afternoon.

[max_boost]

RBC Direct Investing was down last night so couldn't put in the buy order. :D

I'll sit back and monitor it throughout the day.

Oil keeps dropping so buy HOD. When it goes back up, buy HOU. Sounds simple? Haha

[TYMSMNY]

Originally posted by TYMSMNY
Picked up HOD this morning at 33.70. Getting out this afternoon.

got out at 34.40. Just came back from lunch, wow. quite the slide. I don't do much short term trading but with these stagnant markets, it's a good, but risky, way to make some money.

One more month until the TFSA accounts are activate, get yours set up before the rush!

[max_boost]

Yeah, I thought Oil was due to be a downer today. I had a chance to get into HOU at $4.40 but declined. Oh well. Haha

I'm sure Oil will tank below $50 soon before I really load up. :devil:

[max_boost]

I'm up around $800 on RY. Profit take or hold out? It would be nice to profit take I think. Decisions Decisions Decisions.

:nut: :nut: :nut:

[max_boost]

Wow what the hell happened here?

Markets up 516pts!

I sold at 1:45pm RY at $41.60 for a $800 profit and it closes at $43.18

WHAT?

Oh well!

[sputnik]

Originally posted by max_boost
Yeah, I thought Oil was due to be a downer today. I had a chance to get into HOU at $4.40 but declined. Oh well. Haha

I'm sure Oil will tank below $50 soon before I really load up. :devil:

$75 June crude options are one of the top sellers on NYMEX right now.

[Inzane]

I sold my Suncor shares today for a $1600 profit.

[e36bmw///]

nm

[Blownturbo]

Originally posted by e36bmw///


thats awesome

i still hope oil drops below 50 once more so i can load up

Would there be any reason for oil to drop below 50?

[Canmorite]

Originally posted by sputnik


$75 June crude options are one of the top sellers on NYMEX right now.

Calls or puts? Are you saying top sellers as in amount of people buying, or people selling (writing) options?

[e36bmw///]

nm

[liquid1010]

Originally posted by Canmorite


Calls or puts? Are you saying top sellers as in amount of people buying, or people selling (writing) options?

Good question. Institutional Investors are more often the ones writing the options.....

[natejj]

Think GM and Ford are worth gambling with? If they get their bailout... could see huge gains, and vice versa. Anyone playing these?

[ExtraSlow]

Even with the bailouts, I don't see them making any "huge" gains.

Still very risky.

[SilverRex]

http://www.goldmoney.com/en/commentary.php

anyone buying on dips for gold?

I sold at the high last friday, looking to get back in with ABX and AUY

[Beerking]

Weeeeeeee, this is fun. TSX down 680pts already, how low can we go!!!!:nut:













:facepalm:

[TYMSMNY]

Originally posted by Beerking
Weeeeeeee, this is fun. TSX down 680pts already, how low can we go!!!!:nut:



:facepalm:

down 700 now. Thanks.... :whipped:

[max_boost]

Time to load up!

:bigpimp: :bigpimp: :bigpimp:

[SilverRex]

"Veteran contrarian commentator Dr. Marc Faber maintains that physical gold should be held outside the United States and is also now recommending junior gold exploration stocks. This is one of the best short commentaries on the state of US capital markets I have seen in ages. He sees a ‘very strong rebound’ for gold explorers which have been ‘hammered’. US stocks will rally further he maintains, at least for a short while. In January to March next year you must get out as the economy will implode, he adds. "


I also agree with the amount of money printing happening, watch after the G20 meeting weekend, we will see a very strong rally, it looks as though DOW has a positive divergence just waiting for a downtrend breakout

oil seems due for the same setup as well.

I wont be surprise the rally started will bring DOW back to 10-11k, then comes Jan-march which the biggest sell off will begin

from Marc Faber's interview, it sounds like anything holding in the US isnt a good idea, and points to physical gold. But at least all gold stock should benefit along side with the coming rally. then I will sell and look for ways to counter the weaking US dollar.

Anyone want to start a thread to where to buy Gold bullion :)

[e36bmw///]

nm

[max_boost]

Got some HOU at $4.20 and RY at $39.50.

I didn't use up all the cash, always got to keep some outs in case the worse happens.

[liquid1010]

Originally posted by SilverRex
"Veteran contrarian commentator Dr. Marc Faber maintains that physical gold should be held outside the United States and is also now recommending junior gold exploration stocks. This is one of the best short commentaries on the state of US capital markets I have seen in ages. He sees a ‘very strong rebound’ for gold explorers which have been ‘hammered’. US stocks will rally further he maintains, at least for a short while. In January to March next year you must get out as the economy will implode, he adds. "


I also agree with the amount of money printing happening, watch after the G20 meeting weekend, we will see a very strong rally, it looks as though DOW has a positive divergence just waiting for a downtrend breakout

oil seems due for the same setup as well.


Don't get me wrong, I think Gold is headed upwards over the next 6-18 months, but all those Gold Bulls being quoted are really only seeing a small part of a larger equation. Gold is a great hedge, and a great play right now (imho), but it does not create cash flow (ie: equities), and therefore is not entirely fool proof.

[DJ_NAV]

AUY a good buy right now?? 4.91.
What are all the beyonders buying after today's fire sale?

[Z_Fan]

Up until the end of today, I was pretty pissed about selling my Talisman shares last week.

Now I'm not so pissed about it. :poosie:

[Z_Fan]

Hey Max, did you take your profit on RY? I mean, while you had it?

[max_boost]

Yep. I took my $800 profit on Friday. I should have waited until 1:59pm to make a market order. That $800 would have been $1600! :rofl: :rofl: :rofl:

But I'm glad I sold Friday because even if I had waited until today to sell, the opening price would have matched my selling price on Friday anyway.

I'm hoping for a nice bounce back day tomorrow so I can cash in!

:devil: :devil: :devil:

[Inzane]

Originally posted by max_boost
Got some HOU at $4.20 and RY at $39.50.

I scooped up some RY today too. :thumbsup:

[SilverRex]

Originally posted by DJ_NAV
AUY a good buy right now?? 4.91.
What are all the beyonders buying after today's fire sale?

yup, I think the market has put in the bottom so buy low and sell high. gold tested the 38% retracement yesterday at around 773 and is now holding.

look for a big rally for the entire market for the next few weeks leading up to new year. Then take caution (especially) if DOW makes it way back near 10-11k

http://goldseek.com/news/2008/12-2gt/2.jpg

as you can see worse case scenario, DOW could be headed to 4000, notice the red box how there was a blip upwards and everyone thought things are back to normal. Well then it went south like no tomorrow. I see similar pattern unfolding, first a huge rally, then get the fcuk out.

[e36bmw///]

nm

[ckangarloo]

looks like for the DJ, so almost every stock. HXU then HXD perhaps?

[natejj]

Anyone buying Ultrashorts?

[SilverRex]

in the last few months I have not change my position. I'm still calling gold to hit 1400 the least (while citigroup recently jumped out to say we will see 2000 gold by end of 09.

http://www.goldmoney.com/en/images/commentary-images/commentary-charts/alert_2008-12-01.gif

we sucessfully tested the peak break out point of 681 that was reached back in the 70s. Based on price projection and an asumption of a 8 year gold bull run. That puts gold price right at above 1400 dito ;)

[max_boost]

Yep. Bullish on gold!

I'm in on HGU today.

Indexes FTW.

:bigpimp: :bigpimp: :bigpimp:

[max_boost]

Oh yeah, didn't get the rally I wanted today but I'm hoping for some big things in the next week or so.

:poosie: :poosie: :poosie:

[djayz]

Waiting for my order of 7.50 on HGU to be filled, haha major lowball but I hope it comes down before it shoots back up. Might take a position at 8 but really want it below 7.70.

Edit: Bought a chunk at 7.90, just couldn't resist. Will pick up more if it dips.

[DJ_NAV]

made a good 8.5%ish from YRI today.got it at the end yesterday and sold it at the end today... not bad... more money than i get from a day of work. :thumbsup:

[DJ_NAV]

Does anyone here use Questrade??? I need help figuring out how they charge me some of the stuff such as buying stocks in USD... If anyone uses them, can you please PM me... it will some easy questions.. Thanks!

[Canmorite]

Ben Bernanke's Magic Currency Generator

http://taxatives.ytmnd.com/

[SilverRex]

hey, for those that trade HGU

is this fund safe other than the fact that it can gain and loose twice as much because of its leveraged abilities?

I ask this is because I've always traded stock and index, but with gold on the verge (IMO) breaking out to the upside in the next 6-12 months I would definately consider taking a position in HGU because of its potential for twice the performence.

My question is, are there any additional fees or penalties that come with the Horizon Beta Pro funds? or just treat it as stock?

I'm also curious to see if its better to invest in HBU (which is more directly connected with the comex gold price rather than the 10 or so gold companies that may in a way be a higher risk play during such volatile enviorment)

HGU experts please come forward :D

I'm also taking notice that Horizon BetaPro mangement continues to add more funds in their group. And it may not be such a bad idea to look at the HDD(US dollar bear), HAU(soybean,wheat BULL) when the time comes.

The same question could be had for an oil play. Would anyone of you rather put your money in HOU (bull for oil price) or HEU (bull for oil sand companies such as encana and suncor)

biggest reason is I like how it is canadian dollar traded, therefore I can exit all my US dollar account and starting building my profolio away from the US currency, its only a matter of time when it starts to drop, the last thing I want is having to come out on top in a few years only to give it all back because of the exchange rate (unless Canada starts allowing us to use the US greenback for goods haha never going happen right)

i've just pre-registered my TFSA yesterday, so comes Jan, its lock and load.

[djayz]

http://reports.theglobeandmail.com/jcap/en/66038/html/jovianf/

More info about the ETF HGU.
MER of 1.15% (which is quite high for an ETF)

Management fees: Like a mutual fund, your costs include fees for managing and operating the fund. This is called the Management Expense Ratio (or MER).

Since you're very bullish on Gold I think this is your best bet instead of picking out individual companies. The exposure is great and once you begin seeing the pattern that this forms it's somewhat easy to trade.

If it goes below 7.50 today I will probably pick up another chunk, if it falls below 7.00 then I'll be loading up on it with all cash on hand.

Markets look bad today with more job cuts, and more bad housing news. Plus RIM is making a hostile bid which is driving it's price down.

[SilverRex]

Originally posted by djayz
http://reports.theglobeandmail.com/jcap/en/66038/html/jovianf/

More info about the ETF HGU.
MER of 1.15% (which is quite high for an ETF)

Management fees: Like a mutual fund, your costs include fees for managing and operating the fund. This is called the Management Expense Ratio (or MER).

Since you're very bullish on Gold I think this is your best bet instead of picking out individual companies. The exposure is great and once you begin seeing the pattern that this forms it's somewhat easy to trade.

If it goes below 7.50 today I will probably pick up another chunk, if it falls below 7.00 then I'll be loading up on it with all cash on hand.

Markets look bad today with more job cuts, and more bad housing news. Plus RIM is making a hostile bid which is driving it's price down.

how do they take your MER of that 1.15%? if I purchase the fund today would they charge that when I roll over to 2009? or its 12 months from now? and what if I dont hold it for 12 months?

[tryingtobebest1]

What do you guys think about TCK.B now?

[ExtraSlow]

My understanding of how and MER works on an ETF, is that when they make profit on a transaction, like selling the underlying equities, then for each $100 they made in profit, they will take $1.15 out before reinvesting the $98.85 in the next transaction.
It's not a direct fee that you pay as a person who owns the ETF, but it's a drag on the performance of that Fund.

Someone correct me if I'm wrong. I'm pretty new at this myself.

[bwling]

What's the story with CEY? +76% today.

[djayz]

Originally posted by SilverRex


how do they take your MER of that 1.15%? if I purchase the fund today would they charge that when I roll over to 2009? or its 12 months from now? and what if I dont hold it for 12 months?



Originally posted by ExtraSlow
My understanding of how and MER works on an ETF, is that when they make profit on a transaction, like selling the underlying equities, then for each $100 they made in profit, they will take $1.15 out before reinvesting the $98.85 in the next transaction.
It's not a direct fee that you pay as a person who owns the ETF, but it's a drag on the performance of that Fund.

Someone correct me if I'm wrong. I'm pretty new at this myself.

I think ExtraSlow has it right, as for us the buyer/seller the 1.15% MER is worked into the price of ETF's so basically treat it like a stock and don't worry about the MER unless it's paying out a dividend in the form of stock reinvestment.

Someone can probably provide better insight on this but from what I understand the MER on an ETF is factored into the price of the ETf.

[max_boost]

HOU and HGU is all you need.

If you think Oil is going to tank a bit first, then HOD is your friend.

I have allocated money for probably 5-6 different entry points on HOU and HGU. Going for an all out assault and hoping to cash in.

[SilverRex]

Originally posted by max_boost
HOU and HGU is all you need.

If you think Oil is going to tank a bit first, then HOD is your friend.

I have allocated money for probably 5-6 different entry points on HOU and HGU. Going for an all out assault and hoping to cash in.

yeah ive always traded the USO fund, then again its in a US fund so the HOU is definately attractive alternative,

the only thing is I think oil has a bit more to go at least till 40 dollars before I will take my 1st position, then I will probablly have to save some money on the side line in case it shockingly heads to 20-30 dollars. otherwise (as I have read some where) if you got caught that it dip first before rising, I could very well find myself down even if oil price were to regain back to my entry point. I guess that is the down side to this vehicle.

Between HOU and HEU anyone have a comment as to which is a better play? same witgh HGU and HBU, wouldnt HBU be a safer play because it tracks close to the comex price?

[djayz]

HOU for bullish oil
HEU for bullish energy

I would probably go for the HEU as natural gas is going to go up when winter hits. If oil goes down atleast NG will hold up the HEU.

[max_boost]

The blood bath continues. Waiting. Waiting. Waiting.

To see how low it can get!

Before

:hitit: :hitit: :hitit:

[TYMSMNY]

Originally posted by djayz
HOU for bullish oil
HEU for bullish energy

I would probably go for the HEU as natural gas is going to go up when winter hits. If oil goes down atleast NG will hold up the HEU.

or just go HNx + HOx for separate plays. Commodity and not producers

[SilverRex]

Originally posted by max_boost
The blood bath continues. Waiting. Waiting. Waiting.

To see how low it can get!

Before

:hitit: :hitit: :hitit:

gold is in a channel, continues to test the key support of 773, a loss in this fight would send price down to 730-740 and if 681 weeks ago was the real bottom, then I suspect there will be alot of buying around this area and so will I with cash standing by :)

[ballah]

anyone have any predictions on what the TSX will do for tomorrow?? (since it has been goin down the last 3-4 days).

[max_boost]

^^^

Let me look into my crystal ball.

:dunno: :dunno: :dunno:

















Crystal ball is broken.

:rofl: :rofl: :rofl:

On a serious note, I would like to see $40 oil and $700 gold. To me that would be the bottoming point (I hope) and I would seriously push everything I got into it. Haha



:devil: :devil: :devil:

[djayz]

Thought you already pushed all in? haha.

I want $10 oil and $150 gold just so I can see the world go into panic while I load up on stocks with what I have left in cash :rofl:

[DJ_NAV]

^keep dreaming buddy.... you will be keeping that cash until the end of you.

[bigbadboss101]

What r u buying today?

[max_boost]

Bought some HOD this morning at $43. Yeah I know it's ridiculars. LOL

:rofl: :rofl: :rofl:

It'll slow down the bleeding. Debating if I continue to hold? It's all bad news these days, maybe Oil will trend lower to $40. On it's way up is when I switch it all over to HOU.

Decisions. Decisions. Decisions.

:nut: :nut: :nut:

[SilverRex]

gold just doesnt want to stay above 780, anyways i will push it all in if it dips to 720-740

and as far as oil, waiting for 40 dollar oil

[DJ_NAV]

dang.. i wish i bought some HOD.... i have some HOU from earlier this weak and it is getting tanked!

[max_boost]

^^^

Well, yeah.

HOD up 10% so HOU down 10%.

:devil: :devil: :devil:

I'm profit taking my 400 shares of HOD and calling it a day.

HOU is thinking long term when Oil hits $80 again.

:bigpimp: :bigpimp: :bigpimp:

[DJ_NAV]

yea.. i might buy some for HOU for the long run.

[natejj]

Any chance someone with level 2 access can PM me or post here the bid/ask for CVE : DJI? Thanks.

[aklalani]

what do u guys think of buying aet.un right now? picked some up at $17.00 about 20mins ago. Great yield.

[ExtraSlow]

Originally posted by DJ_NAV
yea.. i might buy some for HOU for the long run.

I don't think you want to do any long term investing with a leveraged ETF. Getting double the daily volatility doesn't mean you'll get double the long term return. In fact, it's pretty much impossible.
http://seekingalpha.com/article/109109-tracking-trouble-for-the-triple-levered-etfs


Originally posted by aklalani what do u guys think of buying aet.un right now? picked some up at $17.00 about 20mins ago. Great yield.
I'm a huge fan of AET.UN. A well run company with good assets and high yield. I'm in for a little bit at 15.19 and 16.60 from October.

[DJ_NAV]

^By saying long run i mean 6 months or less.

How long would you keep an ETF?

[max_boost]

Originally posted by DJ_NAV
^By saying long run i mean 6 months or less.

How long would you keep an ETF?

Next summer, $80 oil.

:angel: :angel: :angel:

[ExtraSlow]

Just to be clear, I have no problems holding any non-leveraged ETF for the "long term."
However, these 2x and 3x ETFs, in my opinion, aren't suitable for anything but shorter term, less than 30 day, traders.

There are some good articles about leveraged ETF's out there. Such as Leveraged ETFs - The Value Destruction Trap (http://seekingalpha.com/article/31195-leveraged-etfs-a-value-destruction-trap)

[ballah]

just have a noob question for you guys, i just bought into a stock at $20.60. i bought in just after the cut-off time, at this price, i understand that the order will go through when the markets open tomorrow.

will the price be the same or can it change?? i did notice that the funds are still sitting in my cash account. and i did get a reference number for my purchase.

this is the first time i didn t make the cut-off.

[natejj]

Originally posted by ballah
just have a noob question for you guys, i just bought into a stock at $20.60. i bought in just after the cut-off time, at this price, i understand that the order will go through when the markets open tomorrow.

will the price be the same or can it change?? i did notice that the funds are still sitting in my cash account. and i did get a reference number for my purchase.

this is the first time i didn t make the cut-off.

Did you put the order in at market price, or a limit price? And the cash normally takes 2-3 days to move anyways.

[ballah]

^^i transfered the funds into my cash account to day (right before i made the purchase).

I selected "market price" and hit submit and got the reference number.

[DJ_NAV]

the reference number could be for the order itself.. not the actual transaction. all i can say is check later tonight and if its there then it will tell you what price u got it for...

if its not there then it will buy it at opening price 2morow.

[e36bmw///]

nm

[max_boost]

Check the order status and activity on your account. If it hasn't gone through you can still change or cancel the order.

$40 oil is definitely possible. Once it breaks through that, $35 is possible too. That's why you have several entry points, if possible haha Yeah most of us are trying to pick the bottom so we can ride the wave back up.

:burnout: :burnout: :burnout:

[ballah]

thanks guys, i bought into cos.un. I looked at the historics (opening and closes), it looks like the close-open price are very close to each other within cents (last nights close was the same as today s open).

my status says "pending"

looked like the markets took a hit today, that s why i jumped in hoping that the tsx will recover tomorrow (crosses fingers).