PDA

View Full Version : Official Short-term Investments Thread



Pages : 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 [85] 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357

max_boost
12-17-2008, 10:40 AM
No, Oil dip to $40.32 according to BNN.
Fuck me!

Why didn't I just dump all my money into HGU instead of HOU? I would have doubled my money already!

Oh my!

:guns: :guns: :guns:

SilverRex
12-17-2008, 10:43 AM
Originally posted by kenny
HOU is going to finish the week at $2.88 +/- $0.03 :P

haha you might just called bingo on that one

djayz
12-17-2008, 11:11 AM
BREAKING NEWS: TSX been hacked oil stocks to plummet and gold stocks to sky rocket!


















Just kidding :D

I need gold to plummet need to get in again!!!

bigbadboss101
12-17-2008, 11:18 AM
I like both to sky rocket so I can sell. Next week they can both tumble.

bigbadboss101
12-17-2008, 11:45 AM
TSX done for the day.

SilverRex
12-17-2008, 11:52 AM
here is an intetresting thing

you know 40 dollar oil price is a good place (short term at least) to load up when the USO oil fund did not test its 52 week low but oil price made new lows instead.

This was similar to what I saw when gold shares did the same thing just a week or two ago and look at it now, gold share clearly out performed gold

Unfortunately what good is 40 dollar oil if I cant even phucking get it with the tSX being down.

oh well I'll just have to get some USO to make myself feel better

djayz
12-17-2008, 12:52 PM
Yawnnnn, what a boring ass day.
Wonder what all the full-time traders across Canada are doing today haha

TYMSMNY
12-17-2008, 12:56 PM
Originally posted by djayz
Yawnnnn, what a boring ass day.
Wonder what all the full-time traders across Canada are doing today haha

looking at commodities + US markets. Other than that, taking really long lunches. =) Markets should be up soon. There was a glitch at the London markets as well and had to shut down.

max_boost
12-17-2008, 01:05 PM
It is a boring day. LOL

So on a related topic to the Oil price, is it legal for OPEC to just slash production like this to manipulate the Oil price so it goes back up? I know this is what I want and the whole $75-$80 thing suits me fine but talking to some other people who obviously don't have any HOU are calling for the dismantling of OPEC, what they are doing is NOT right blah blah blah blah.

So if the US dollar + economy is expected to stabilize in the 3rd quarter or 2009 (you hear and read this everywhere) doesn't that mean Gold is going to come crashing down? Which also means currently that Gold has a way to go still. 20% according to one of my reliable sources (who actually told me to dump everything in to Gold a couple weeks ago, I know you mentioned the same thing too SilverRex but of course I didn't listen).

TYMSMNY
12-17-2008, 01:39 PM
FYI, markets are shut down for the rest of the day.

edit: TSX and TSXV are closed. everything else is open including PURE.

e36bmw///
12-17-2008, 02:11 PM
nm

max_boost
12-17-2008, 03:38 PM
RatFink can give his $0.02. Where is he these days?

Oil down down down. Are we going to see $35 this week? or next? :banghead: :banghead: :banghead:

kenny
12-17-2008, 03:43 PM
Originally posted by max_boost
So on a related topic to the Oil price, is it legal for OPEC to just slash production like this to manipulate the Oil price so it goes back up? I know this is what I want and the whole $75-$80 thing suits me fine but talking to some other people who obviously don't have any HOU are calling for the dismantling of OPEC, what they are doing is NOT right blah blah blah blah.


You give OPEC far too much credit. Oil price is being manipulated, but its not OPEC that is behind it. The speculators drove the price up to astronomical levels when there wasn't a strong demand for oil. With the global credit crisis and a huge drop in demand for oil because of the economy oil dropped big time.

Oil prices will drop in the near future and like SR is saying, its going to have these mini rallies so trade it sideways for now. That means no long term holding of HOU :D

bigbadboss101
12-17-2008, 04:35 PM
So YRI up 30cents today.

max_boost
12-17-2008, 04:48 PM
Originally posted by kenny


You give OPEC far too much credit. Oil price is being manipulated, but its not OPEC that is behind it. The speculators drove the price up to astronomical levels when there wasn't a strong demand for oil. With the global credit crisis and a huge drop in demand for oil because of the economy oil dropped big time.

Oil prices will drop in the near future and like SR is saying, its going to have these mini rallies so trade it sideways for now. That means no long term holding of HOU :D

Yep Yep.

Time to change strategies again! :werd: :facepalm: :rofl:

bigboom
12-17-2008, 05:42 PM
Originally posted by kenny


You give OPEC far too much credit. Oil price is being manipulated, but its not OPEC that is behind it. The speculators drove the price up to astronomical levels when there wasn't a strong demand for oil. With the global credit crisis and a huge drop in demand for oil because of the economy oil dropped big time.

Oil prices will drop in the near future and like SR is saying, its going to have these mini rallies so trade it sideways for now. That means no long term holding of HOU :D

agreed OPEC has no control in bear markets the only time they can exert influence is in a bull market and they announce they are cutting production and even then all that occurs is speculators driving the market up unnecesarily. otherwise they have too many rogue states and people know about this that will not follow orders to cut production.

Rat Fink
12-17-2008, 08:54 PM
.

sneek
12-18-2008, 04:30 AM
Originally posted by max_boost
RatFink can give his $0.02. Where is he these days?

Oil down down down. Are we going to see $35 this week? or next? :banghead: :banghead: :banghead:

$35 oil scares me! I am not very heavily invested in oil, but for the sake of the city...$35 oil is bad because so much development was started based on the assumption of $70+ oil. Looks like we dipped below 40 today so it wouldn't surprise me if that happened.

I feel like I have lost so much money that was "for sure" there. All support levels I used to think existed didn't exist at all. Sometimes I wonder if my portfolio would be doing better if I just drew stocks out of a hat and sold them once I start making profit.

rockanrepublic
12-18-2008, 08:18 AM
stocks you say??
Gm looks very tidy this year :thumbsup:

SilverRex
12-18-2008, 09:06 AM
gold finally hit the downtrend line from the peak of july and oct that is around 880 and falling fast at 850

with the overall picture becoming bullish because it has crossed the 830 200 day moving average, look for this level to act as a very huge support in the short term.

I would get in if gold dips to around 825-830 but my wish list calls for 780 so to play this I will set up a position at 830 gold price and one at 780 simple right? I hope

as far dollar index the dip to 77 this fast was a surprise but now that its holding above 78 which is also a support level, I see the dollar index regaining some ground here because of being oversold extensively but the overall picture remains bearish that is great

looks like oil placed a bottom at 40 dollars, I dont discount the fact it can head to 30 but I do believe 40 will hold thru this winter season so trade between 40-55

broken_legs
12-18-2008, 09:41 AM
Originally posted by SilverRex


looks like oil placed a bottom at 40 dollars, I dont discount the fact it can head to 30 but I do believe 40 will hold thru this winter season so trade between 40-55

Oil is trading at 38 dollars right now.

I think it goes to low 30's or touches 29.


in 2004 OPEC was producing 25 million barrels/day

That's roughly the same amount that will be produced after the cuts they just announced.

At that time oil was trading around 30 dollars.

Now if that was the fundamental supply and demand price in a balanced market, what will happen now?

Do you really believe that OPEC members will cut the 4.2 million barrels? Probably not, leaving extra supply to place further pressure on prices.

Also factor in reduced demand from world economic crisis.

That's the thesis I am subscribing to right now.

kenny
12-18-2008, 10:07 AM
There goes HGD! :thumbsup:

SilverRex
12-18-2008, 10:09 AM
Originally posted by broken_legs


Oil is trading at 38 dollars right now.

I think it goes to low 30's or touches 29.


in 2004 OPEC was producing 25 million barrels/day

That's roughly the same amount that will be produced after the cuts they just announced.

At that time oil was trading around 30 dollars.

Now if that was the fundamental supply and demand price in a balanced market, what will happen now?

Do you really believe that OPEC members will cut the 4.2 million barrels? Probably not, leaving extra supply to place further pressure on prices.

Also factor in reduced demand from world economic crisis.

That's the thesis I am subscribing to right now.

hmm what feeds are you refering too,

I steam my price feed from netdania wti crude which current sits at 43.39 and it had bottom out at 40 yesterday. Anyways this is the WTI crude price I'm refering too and continue to refer to

dj_honda
12-18-2008, 10:32 AM
Nymex Crude Future 38.27 -1.79 -4.47 10:53
Dated Brent Spot 41.65 -1.44 -3.34 11:23
WTI Cushing Spot 38.99 -1.07 -2.67 09:19

- bloomberg

broken_legs
12-18-2008, 10:36 AM
I quote Nymex in RT off the top of the screen on CNBC :D

ballah
12-18-2008, 10:50 AM
i wish i would have bought some HOD yesterday.

broken_legs
12-18-2008, 11:06 AM
JP Morgan comes out with 2009 Oil Price forecast.....




Drumroll please.......


















$43.00 average for 2009.
:barf:

e36bmw///
12-18-2008, 12:23 PM
nm

max_boost
12-18-2008, 12:50 PM
Debating if I should average down on HOU. :rofl:

ballah
12-18-2008, 01:01 PM
i m lookin into gettin into cos.un and hou tomorrow.. they re both takin a kicking today.

roopi
12-18-2008, 01:05 PM
Why not buy them today then?

kenny
12-18-2008, 01:11 PM
Hou is gonna go back up and close @ 2.88 tomorrow! ;)

But then the next drop will be to $2.35. Dump money in then. :rofl:

DJ_NAV
12-18-2008, 01:11 PM
yes.. if i were buying hou.. i would buy it today.

DJ_NAV
12-18-2008, 01:14 PM
how do you get these figures? just guessing?


Originally posted by kenny
Hou is gonna go back up and close @ 2.88 tomorrow! ;)

But then the next drop will be to $2.35. Dump money in then. :rofl:

broken_legs
12-18-2008, 01:23 PM
Oils trading at 37.50... Just sold off another dollar in the last 20 minutes

Oil has a ways to go down yet if its going to keep following that downward trend line.

Edit

oil just traded into the high 36's


Keep in mind that the contract for Dec Expires tomorrow so oil will probably jump on Monday when it switches to the Jan contract.

I wonder if there is an easy trade there on a USO or HOU?

max_boost
12-18-2008, 01:33 PM
This is such a guessing game right now. :rofl:

max_boost
12-18-2008, 01:44 PM
Alright, just bought another 2000 shares of HOU at $2.57. If Oil price bounces back tomorrow, whatever, if it drops another $3, then I'll buy another 2000 shares. Fuck I'll just keep accumulating at this point. Terrible strategy I know. :rofl:

e36bmw///
12-18-2008, 02:01 PM
nm

DJ_NAV
12-18-2008, 02:09 PM
the only way to go with etf in the long run is to rebuy.

e36bmw///
12-18-2008, 02:19 PM
nm

ballah
12-18-2008, 02:24 PM
just came across this stock. BOM:500010. fairly interesting.

kenny
12-18-2008, 02:30 PM
Originally posted by DJ_NAV
how do you get these figures? just guessing?



Yeah, pretty much like every other report or analysis you hear about on BNN. :rofl:

DJ_NAV
12-18-2008, 02:36 PM
Originally posted by ballah
just came across this stock. BOM:500010. fairly interesting.

whats so interesting about it? and can you actually invest in the bombay stock exchange?

max_boost
12-18-2008, 03:22 PM
Originally posted by kenny


Yeah, pretty much like every other report or analysis you hear about on BNN. :rofl:

Got some HGD at $2.80 :rofl: :rofl: :rofl:

kenny
12-18-2008, 03:30 PM
You were supposed to buy it when I posted :rofl: @ 2.40ish

max_boost
12-18-2008, 03:43 PM
Markets was closed. :(

89coupe
12-18-2008, 04:07 PM
This week I bought a shit load of DVT, I'm gambling with this one. But I deal with these guys on a daily basis and they are an industry leader, I'm hoping they recover from this huge downturn.

max_boost
12-18-2008, 04:24 PM
Welcome back 89coupe! :clap: :clap: :clap:

aklalani
12-18-2008, 05:03 PM
Originally posted by max_boost
Alright, just bought another 2000 shares of HOU at $2.57. If Oil price bounces back tomorrow, whatever, if it drops another $3, then I'll buy another 2000 shares. Fuck I'll just keep accumulating at this point. Terrible strategy I know. :rofl:

lol im in the same boat. but we know in the back of our heads this is a LONG TERM strategy. haha

djayz
12-18-2008, 05:07 PM
Got me some HOU as well...still bullish on gold so waiting for a sub 10 price on HGU.

wiggaplz
12-18-2008, 05:54 PM
fuck I got greedy.......thought Teck would go up to 6.5 so set my limit there (I got in at 4) and now it's 5.3. Fuck.

Supa Dexta
12-18-2008, 06:10 PM
Ok I've waited long enough, how do I sign up to start trading, who's got the best value going? I'm not really looking to do a lot of trading, just want to pick and choose here and there on somethings, mainly oil at this point, since I know the companies, and they have to come back some day.

max_boost
12-18-2008, 06:35 PM
I use RBC Direct Investing. I would just go with one of the major banks and use their affiliate stock brokerage.

Supa Dexta
12-18-2008, 06:36 PM
K, I'm with them for most shit anyways.

SilverRex
12-19-2008, 07:40 AM
nice gold is falling back to 830 just the way it should, temporary if this gold rally has legs, 830 will hold and if your a chart reader, I would follow the trendline that it forms slowly climbing back up. only a concern if the line breaks

what is interesting is that the dollar index is rebounding from its recent lows and though the over all picture is bearish, short term this may just be a correction since it could not crack the .6 retracement and now it will retest resistance at 81.8, 83 and 84.3 what this means is, if dollar continues to regain some footing into those area, gold possibly will and can dip lower back below 800 but the catch is, you would be looking for a place to get in.

so areas to tap into gold still remains at 830 , 780 and 750

and for oil, I still believe (watching WTI crude) that the area around 40 should hold, I just cant believe it will keep pushing lower this fast and this soon without a massive rally.

if anything I have my eyes set trading between 40-55, and if I'm wrong. well, guess I'll have to average down

:nut:

e36bmw///
12-19-2008, 10:32 AM
nm

aklalani
12-19-2008, 11:04 AM
Originally posted by e36bmw///
hey rex, any predictions for OIL?
as in oilexco?

today low of .78

i wouldnt touch this one

SilverRex
12-19-2008, 11:05 AM
anyways I dont follow oilexco but if it trades in sync with wti crude then (my own view stands) that 40 will hold and I still believe a short covering rally towards 50-55

as far as gold, short term 830 will hold, look at it this way currently there is 3 zones. you have the 760-830 Zone Z 830-880 zone B, the 880-930 zone C

you can trade zone B between 830-870 about. a breakout of course means it will for sure hit the upper range of zone C, but a break of 830 could mean price will fall back to earth to zone A

yes I want to buy back in Zone A, but first 830 will be a good support. It may even have legs to surge to Zone C.

so I would get in on 830 gold price and let it ride until the intermediate trend breaks (once its starts moving higher)

then I will wait for Zone A position.

but if the 830 trend line holds up then you ride it all the way until it meets up with 870 and hope it breaks so that you will take your profits at around 920

bigboom
12-19-2008, 11:19 AM
Originally posted by e36bmw///
hey rex, any predictions for OIL?
as in oilexco?

today low of .78

OIL's only hope is to get taken over. They've put themself up on the auction block and have just received a bridge loan that should keep them in business till the end of january. I really like their assets they jsut cant get any financing to meet their debt obligations and commodity prices are hitting them hard too.

my prediction even though i think they have solid assets is bankruptcy. i just cant see any company pulling the trigger on these guys when their cash flow is limited, assets havent been developed yet even though the huntington field is an awesome find. id stay away unless you have some money you really want to lose.

SilverGS
12-19-2008, 11:22 AM
Originally posted by e36bmw///
hey rex, any predictions for OIL?
as in oilexco?

today low of .78

Risky Business. Apparently they are headed for bankruptcy unless someone buys them out. They have funding until the end of Jan 09. If they are bought out it might be good depending on price.

kenny
12-19-2008, 11:25 AM
OIL is great if you want to gamble on it, it will probably provide an opportunity to make some good $ before it completely tanks. Early next year there will be some renewed hope that they will get bought out and it'll probably go past $1.10 again only to crash and burn shortly thereafter.

bigboom
12-19-2008, 11:36 AM
Originally posted by kenny
OIL is great if you want to gamble on it, it will probably provide an opportunity to make some good $ before it completely tanks. Early next year there will be some renewed hope that they will get bought out and it'll probably go past $1.10 again only to crash and burn shortly thereafter.

that depends on your view of commodity prices. the problem with oilexco is that all their production is based out of the north sea. oilexco's f&d costs are pretty close to $30/barrel if i remember correctly, also being a north sea producer their op costs/ barrel are a lot higher than onshore production. so if you were to think what their total cost/barrel would be to produce im guessing somewhere in the mid to high $40's/barrel at least. I can't think of many companies willing to take on all this extra debt obligations in this credit environment. If Oilexco's cash flow actually was able to cover some of their debt that would be no issue. but Oilexco's current cash flow is shit and cant even cover the minimum debt repayment.

why not wait for them to go bankrupt and then pick up their assets for bargain basement prices? if i was a company looking for a and d activity thats what i would do.

kenny
12-19-2008, 11:42 AM
Oh don't get me wrong, I totally think OIL is gonna tank unless oil prices recover quickly in January (I don't think it will) but the market is irrational and we'll probably see OIL climb a bit before it dies.

All it takes is a rumor to spread and we'll see $1.10. :P

bigboom
12-19-2008, 11:47 AM
Originally posted by kenny
Oh don't get me wrong, I totally think OIL is gonna tank unless oil prices recover quickly in January (I don't think it will) but the market is irrational and we'll probably see OIL climb a bit before it dies.

All it takes is a rumor to spread and we'll see $1.10. :P

hahaha could happen i guess. all you need to do is start a rumour like Talisman or Nexen put in a bid for Oilexco :)

Both have North Sea assets, great strategic fit. ;)

yeah unless oil rebounds to at least $60/barrel OIl is done.

bigbadboss101
12-19-2008, 01:40 PM
I have OIL and averaged down for some more last little while. Oh well, hope for a miracle.

max_boost
12-19-2008, 02:33 PM
Something isn't right with HOU. Oil price is down another $2.XX but HOU is actually up $0.02. :nut:

Could it be due for a violent rally next week? Volumes are insane! Fuck that, I picked up another 4000 shares today. Here's to hoping something big! lmao! :eek:

kenny
12-19-2008, 02:38 PM
If my crystal ball is right... I think HOU will open high on Monday (my original prediction of around $2.88) and will trend upwards for the day to reach around $3.00 - $3.10. Good move on the 4000 shares!

:thumbsup:

Z_Fan
12-19-2008, 02:53 PM
I bought a couple thousand shares of HOU today as well.

Seemed cheap. :poosie:

yobi5888
12-19-2008, 03:04 PM
What exactly is the difference between HOU and HOD?

eljefe
12-19-2008, 03:07 PM
Originally posted by yobi5888
What exactly is the difference between HOU and HOD?

The D :p

Edit- I jumped on for 10,000 shares of HOU as well at 2.47- here's hoping Monday brings a smile

SilverRex
12-19-2008, 03:16 PM
yeah im in HOu 2.61 jumped the gun a little soon (thanks to the stupid TD waterhouse, I had originally set it lower as it dip to below 2.5 however they suddenly filled at my original order. :banghead:

I see gold will rise monday, hopefully a great week before christmas then its 11 days of hell with left4dead 4 players :) lock n loaded

max_boost
12-19-2008, 04:08 PM
Holy snap, so many of us part of the HOU wagon hahaha. This is awesome, sink or swim together boys. :thumbsup: :rofl: I'm up to 14,000 shares now. :nut:

ckangarloo
12-19-2008, 04:18 PM
Originally posted by max_boost
Holy snap, so many of us part of the HOU wagon hahaha. This is awesome, sink or swim together boys. :thumbsup: :rofl: I'm up to 14,000 shares now. :nut:

I don't know, I'm thinking HOD still for a little while. No reason really, just have a feeling the bottom isn't in just yet.

e36bmw///
12-19-2008, 04:42 PM
nm

Inzane
12-19-2008, 06:34 PM
Originally posted by Z_Fan
I bought a couple thousand shares of HOU today as well.



Originally posted by eljefe
I jumped on for 10,000 shares of HOU as well at 2.47- here's hoping Monday brings a smile


Originally posted by SilverRex
yeah im in HOu 2.61 jumped the gun a little soon


Originally posted by max_boost
Holy snap, so many of us part of the HOU wagon hahaha. This is awesome, sink or swim together boys. :thumbsup: :rofl: I'm up to 14,000 shares now. :nut:

Me too... me too!! :rofl:

I got in for a couple thousand at 2.55 this morning. :thumbsup:

max_boost
12-19-2008, 06:43 PM
How accurate are futures trading price compared to the actual price when that month hits? Do I make any sense? Will investors do whatever they can to drive it up or down by issuing any kind of news? You can't always be correct in trading futures. :dunno:

http://futures.tradingcharts.com/marketquotes/index.php3?market=CL

From that link, Jan futures are $36. So in January if the prices are higher than that, then all the futures traders make money, correct? That's if they redeem or sell their futures contract? I'm really not sure how it works. :nut:

Canmorite
12-20-2008, 11:59 AM
Yesterday was rollover day for Oil, so we're now trading the Feburary contract.

At the end of the month you need to close out your position, unless you want to take/make delivery of 1000 barrels per contract held.

ballah
12-20-2008, 07:21 PM
i purchased some hou as well on friday. i hope that monday will be a good day in the markets. then, i m gonna buy more cos.un (since it s at 18.65 per unit). that s if the units are goin up in value.

DJ_NAV
12-20-2008, 10:17 PM
lol.. i hope hou goes over 4... cuse thats when alot of them...3 wont do it

max_boost
12-20-2008, 10:58 PM
Some good reading on trading futures, it's way too hardcore for me:

http://www.investopedia.com/university/futures/default.asp

But I did catch this part.


Prices in the cash and futures market tend to move parallel to one another, and when a futures contract expires, the prices merge into one price.

You boys going to cash in on Monday or hold out for the big prize? :bigpimp:

Canmorite
12-20-2008, 11:12 PM
I don't think Oil is going anywhere fast, but the forward years are forecasting prices of 60/bbl +.

max_boost
12-20-2008, 11:14 PM
Originally posted by Canmorite
Yesterday was rollover day for Oil, so we're now trading the Feburary contract.

At the end of the month you need to close out your position, unless you want to take/make delivery of 1000 barrels per contract held.

So from what I'm reading, the expiry date is the 3rd Friday of each month. Also, the gains and losses are realized at the end of each trading day. Most traders also trade on margins. Wow. Just wow. The risk involved is just :eek: but the reward is also :bigpimp:

Canmorite
12-20-2008, 11:27 PM
Originally posted by max_boost


So from what I'm reading, the expiry date is the 3rd Friday of each month. Also, the gains and losses are realized at the end of each trading day. Most traders also trade on margins. Wow. Just wow. The risk involved is just :eek: but the reward is also :bigpimp:

Not sure what the expiry date is, but the last day of trading is usually really volatile due to so many orders going through.

All futures trading requires margin, and it's usually a lot haha.

DJ_NAV
12-20-2008, 11:54 PM
did anyone cash in on RIM?

e36bmw///
12-21-2008, 10:49 PM
nm

e36bmw///
12-21-2008, 10:49 PM
nm

max_boost
12-21-2008, 11:45 PM
We'll find out tomorrow if Friday's closing price moves in line with the futures price. :D

wiggaplz
12-21-2008, 11:52 PM
what sites can I use to view the CP Indexes, etc over long periods of time? What do you guys use?

SilverRex
12-22-2008, 08:13 AM
premarket looking up for HOU 2.7x+? I hope its a good week, considering short covering, option expiring typically pushes price higher in the 4th week. The only thing is, Decemeber is a wild month as many are closing out their balance to end the year. I hope all shorts cover is a good one here right up until Janurary.

gold bounced of 830 nicely, definately a place to get in as AUY back up 12.5% after hitting the low of 6.22 on friday. I regret not picking up some and hessitated on HGU why? because Ive got myself loaded up on HOU :D

eljefe
12-22-2008, 09:54 AM
Well, good bad or otherwise.....picked up another 10,000 at 2.40 and have bids in at 2.35 and 2.25

eljefe
12-22-2008, 10:05 AM
and another 10,000 at 2.35..........

max_boost
12-22-2008, 10:18 AM
So what's going on here? HOU down? :rofl:

ballah
12-22-2008, 10:25 AM
^^haha. i know dude. and HOD is on the ups again today.

eljefe
12-22-2008, 10:27 AM
Originally posted by max_boost
So what's going on here? HOU down? :rofl:

2.34 and sliding

max_boost
12-22-2008, 10:40 AM
But Oil price is over $40! WTF! :confused:

DJ_NAV
12-22-2008, 10:45 AM
dang... buying HOD is soo tempting.. but i think its way too late... but who knows.. ive been saying that for 2 weeks! lol. I wish i bought it in July!

SU is down 9%... good buy?

eljefe
12-22-2008, 10:49 AM
Originally posted by DJ_NAV
dang... buying HOD is soo tempting.. but i think its way too late... but who knows.. ive been saying that for 2 weeks! lol. I wish i bought it in July!

SU is down 9%... good buy?

I'd be more inclined to buy cos.un

djayz
12-22-2008, 10:51 AM
Damn we are all getting screwed with HOU haha.

But look at the volume difference between HOU and HOD!

yoda124
12-22-2008, 11:01 AM
FWIW ...even the taxi drivers around town are telling me oil is headed back up.I use that as a contrarian indicator oil has to fall much furthur.

SilverRex
12-22-2008, 11:01 AM
hold on to your horse, its difficult to stomach the swings. I still believe in the rally to the 50day moving average that will take it from 40 to 55. Then I will exit and wait because next year will bring much lower prices.

if anything, im tempted to get more at 2.35 hmmm:poosie: