Official Short-term Investments Thread

[SilverRex]

Originally posted by max_boost
But Oil price is over $40! WTF! :confused:

i think what happen was the 33 dollar price we saw last friday because of the expiration of the Janurary contract really is a last minute sell off.

The huge disconnect between that and the Feb contract price is really unwarranted. If you think about it, from 50 dollars peak a week and half ago to 33 dollars is actually about 34% drop, which HOU was at 3.84 at the time. Had HOU traded accordinly it would mean a near 70% drop taking HOU from 3.84 to about 1.20s however clearly we are still sitting around 2.3-2.7 because HOU is still reacting as if price is around 40-43 which is the feb contract price.

So I stick with netdania's WTI crude price currently at 41.34 as I see HOU moving very closely with it.

again, patient friends ;)

[DJ_NAV]

Palm is hot today!

[eljefe]

Originally posted by eljefe


I'd be more inclined to buy cos.un

Canadian Oil Sands (cos.un) is on the verge of setting a new 52 week low.

[DJ_NAV]

^ Did you just post a comment on your previous post??lol

[eljefe]

Originally posted by DJ_NAV
^ Did you just post a comment on your previous post??lol

Sure did Captain obvious! lol, I was adding an update to my earlier post but didn't edit it and leave it back a page. I guess it was an update and bump all in one.

[max_boost]

Thanks for the update SilverRex, I have no choice but to be patient. I've plowed pretty much all my excess cash into this thing. I've left the line of credits untouched because I don't want to go there. My next asset to go is the SLK, I'll gladly risk it in hopes I can get a SLR in return. :rofl:

[ExtraSlow]

Well, after all this talk, I'm in on HOU now also. Although for me this is strickly a short term move, I'm looking to get out in under a month. This isn't the type of investment that fits with my long term strategy.

[SilverRex]

bought some more at 2.28 :) its either going to go up from here or down to 1.20 time to turn off this PC and am going to go blast some zombies

[broken_legs]

Originally posted by SilverRex


i think what happen was the 33 dollar price we saw last friday because of the expiration of the Janurary contract really is a last minute sell off.

The huge disconnect between that and the Feb contract price is really unwarranted. If you think about it, from 50 dollars peak a week and half ago to 33 dollars is actually about 34% drop, which HOU was at 3.84 at the time. Had HOU traded accordinly it would mean a near 70% drop taking HOU from 3.84 to about 1.20s however clearly we are still sitting around 2.3-2.7 because HOU is still reacting as if price is around 40-43 which is the feb contract price.

So I stick with netdania's WTI crude price currently at 41.34 as I see HOU moving very closely with it.

again, patient friends ;)


If anyone knows how an ETF actually works I'd be glad to take a listen.

I think it's kind of silly to buy and hold an etf down here. Will the profit return be linear on the way up like it was on the way down? Its a big mess of derivatives and options that makes this thing work right? So whos to say that the exact same mix of options and derivatives is going to be there as the number of stake holders and money available to fund changes?

What about redemption on an ETF? How the heck does that work? People sell it and then what? They get their money like selling a stock but aren't all those contracts and derivatives still owned by the etf? What if the ETF loses money on that position between when people sold and the value of the contracts? Do they make that up in the value of it? If its traded like a stock, isnt the value actually related to Bids and Asks? Supply/Demand on the open market and NOT the actual value of the underlying mix of derivatives and assets???? How is the actual value derived? Aren't ETFs part of the problem with the financial markets in the US?

I don't really know the answers, but like I said if anyone does know feel free to fill us in.


I think oil hits 25 dollars. i'll buy some hou at 1.20 :D

[eljefe]

Originally posted by broken_legs





I think oil hits 25 dollars. i'll buy some hou at 1.20 :D

If oil hits $25 you'll be buying cheaper than that!

[SilverRex]

Originally posted by eljefe


If oil hits $25 you'll be buying cheaper than that!

it will be like in the 50-70 cent area, then the fund will do a reverse split like they did with HAU

[ExtraSlow]

broken_legs, those are good questions, and I certainly don't have all the answers, however, I'd like to make one clarification.

these Horizon BetaPro ETF's, and all of the 2x and 3x ETF's operate very differently than what I'm going to call a 1X ETF, such as the ishares series. the 1x type typically own equities in equal proportion as the index they are tracking. They don't need to Double or triple daily return, so they don't need to hold derivitaves and contracts. I don't know the stats, but I would guess that the 1x, or "regular" ETF's are at least 90% of the market.

I do agree that all the 2x and 3x ETF's have some fundamental problems that make them unsuitable for long term investing.
The Motley Fool guys had a couple of articles about the dangers of using these funds, but I don't have time to search for them right now.

In short, nothing is for free. 2x and 3x ETF's carry with them the possibility of making ALMOST 2x or 3x the profits, at AT LEAST 2x or 3x the risk.

[Z_Fan]

So, if you add up all the shares of HOU that we have collectively bought, you realize we've lost a BIG FUCKING PILE of money today.

:poosie:

Assuming we all sat on it.

Anyone looking to this thread for good advice should just look somewhere else. :thumbsdow

Hahahahah.

:devil:

[max_boost]

^

:rofl:

It's pointless selling right now, if anything, buy more. I'm running low on cash and the house is untouchable, I need a place to live if shit hits the fan BUT I'm not ruling out parting out my cars though. :rofl:

[Z_Fan]

I bought mine with the intention of selling it at the end of March 2009, unless the price has increased so significantly, that I feel I need to hold it longer.

I didn't buy much anyhow, compared to some of you guys. But if oil drops back in to the low 30's for Feb delivery, HOU holders gonna all be a cryin'.

[ballah]

Horizons BetaPro ETFs to split, consolidate


Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (C:HOD)
Shares Issued 1,742,500
Last Close 12/19/2008 $48.92
Monday December 22 2008 - News Release

Also Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (C:HOU) News Release
Also Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF (C:HGD) News Release

Mr. Howard Atkinson reports

BETAPRO MANAGEMENT INC. ANNOUNCES UNIT SPLIT AND CONSOLIDATIONS

BetaPro Management Inc., the trustee and manager of the exchange traded funds listed in the tables, intends to split or consolidate the units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF, Horizons BetaPro NYMEX Crude Oil Bull Plus ETF and Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF, as indicated.



SPLIT

ETF Ticker Split ratio



Horizons BetaPro NYMEX Crude Oil Bear Plus ETF HOD 2:1


After the Toronto Stock Exchange has closed for trading on Dec. 31, 2008, the units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF will be split on the basis of the ratio of 2:1, and will begin trading on a split-adjusted basis on Jan. 2, 2009, and the split will become effective on Jan. 6, 2009, for unitholders of record on that day.



CONSOLIDATIONS

ETF Ticker Consolidation

ratio



Horizons BetaPro NYMEX Crude Oil Bull Plus ETF HOU 1:5

Horizons BetaPro S&P/TSX Global Gold Bear Plus

ETF HGD 1:5


After the TSX has closed for trading on Dec. 31, 2008, the units of the ETFs in the table, "Consolidations," will be consolidated on the basis of the ratio of 1:5, and will begin trading on a consolidated basis on Jan. 2, 2009, the effective date of the consolidations.

[max_boost]

^

So what affect does that have on the psyche of an investor?

Stock split is good and stock consolidation is bad? haha

[yoda124]

Originally posted by yoda124
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.

I know a few university students in energy management that are telling me the same thing as the taxi drivers:cry:

[Nova316]

Originally posted by max_boost
^

So what affect does that have on the psyche of an investor?

Stock split is good and stock consolidation is bad? haha

http://www.investopedia.com/articles/01/072501.asp

[roopi]

Originally posted by max_boost
^

So what affect does that have on the psyche of an investor?

Stock split is good and stock consolidation is bad? haha

In most cases reverse splits are not a good thing.

[Bimmer88]

So question for all of your guys...

Have any of you guys made pretty decent dough investing in stocks? I know its like gambling... it'll make you rich or it'll bust your balls...

So in this economy should I wait in investing into stocks right now? and then go into gold or oil? and if so what stocks should I be wise to look at?

Any advice would be awesome.

Steve

[roopi]

Originally posted by Bimmer88
So question for all of your guys...

Have any of you guys made pretty decent dough investing in stocks? I know its like gambling... it'll make you rich or it'll bust your balls...

So in this economy should I wait in investing into stocks right now? and then go into gold or oil? and if so what stocks should I be wise to look at?

Any advice would be awesome.

Steve

There is definatly money to be made. Alot of the info in this thread is geared more towards trading than investing in my opinion. I think everyone has their long term picks (or I hope they do) and then activately trade as well.

I'm not going to give you any advice on what stocks to buy but I will say that it is a good time to get into the market if you're in for the long term.

If you don't know what to buy I'd start with sector ETF's (1x only) for long term. You don't pay much for the MER and are much better than any mutual fund you will find. A good site to check out for investing is www.investopedia.com

[max_boost]

HA, I haven't made any money from the stock market. I'm easily down $30K now but I've stopped counting. Sure if I bought into something slow and steady and wait 30 years, I'm sure I'll come out ahead but I'm a gambler. I like to go big or go home (relatively speaking).

The economy is shit right now and things are very volatile. In a bull run, anyone can make money, just toss it in! lol

Not sure what to make of everything, I have a sneaky feeling that we are going to see $20-$25 oil pretty soon here and it's going to be devastating. I hope I'm wrong. I can only average down so many times before I start questioning my decisions but I'm already passed the point of no return.

[SilverRex]

Crude oil dips (calgary sun)

"Within a day of trading yesterday, the February forward contract for light sweet crude caught up with its January predecessor and sank into the NYMEX nether regions of below $40 a barrel of oil.

The February forward contract replaced the January contract as the NYMEX benchmark oil price on Friday, at which time February forward prices were still above $40 a barrel.

But while the January contract expired at a price of $33.87, the February contract settled at $39.91, a difference of more than $6 a barrel.

And that difference, said Scotiabank's Patricia Mohr, is quite a big change. Mohr said she has noticed non-commercial traders on the New York Mercantile Exchange are now going long on crude contracts, which means they are betting on prices to rise, as short-selling is becoming increasingly risky.

The Organization of Petroleum Exporting Countries had announced last week it would slash production by 2.2 million barrels a day to prevent prices from eroding further and Mohr said the cartel is likely to slash production again early next year.


Although OPEC failed to push up oil prices last week, the announced production cut likely prevented oil from sliding below $30.

Mohr said that without the OPEC production cut, which will take effect in January, oil would likely have dipped to $25 in the coming weeks.

Nonetheless, current oil prices are about half the price energy companies need for new Alberta oilsands projects to make financial sense.

Most upgrader projects planned for the province have been delayed or cancelled in recent weeks. Globally, energy companies are also expected to roll back spending on new oilfield developments in 2009.

The resulting supply constraint, Mohr said, "will set the stage for tighter markets and a big rebound in prices early next decade.

For 2009 and 2010, Scotiabank expects oil to average $55 and $70, respectively.

One factor working in favour for the oilpatch are material and labour costs, which have started to come down in Alberta.

Especially the prices of steel and pipeline have come down since this summer.

"I assume that capital costs are going to fall quite substantially next year," Mohr said.

"Let's just hope that it starts coming around."



so scotiabanks sees 55-70 oil next two years. Thats not to say that we wont see 30, but I think price 40 and below wont be held down for too long however the stage may be set oil will hit 30 at the least, so get ready if it dips first before rising I'll massively load up at 30


:D

[SilverRex]

a very good read that summerizes the bull case for gold all under one article pretty much.

http://news.goldseek.com/EricHommelberg/1230042476.php

[revelations]

Originally posted by Bimmer88
So question for all of your guys...

Have any of you guys made pretty decent dough investing in stocks? I know its like gambling... it'll make you rich or it'll bust your balls...

So in this economy should I wait in investing into stocks right now? and then go into gold or oil? and if so what stocks should I be wise to look at?

Any advice would be awesome.

Steve

A simple tip if you're planning on a long term investment:

buying a stock thats crossed above its 52wk AVERAGE price (and selling if it drops below) beats the "buy and hold" strategy by a large margin.

(Van K Tharpe)

[DJ_NAV]

invest now... volatile market can can give you quick gains. I just started trading 2 months ago with 10k and have made about 1700$. But ofcourse i have spent time on following the trends. I have never sold a stock for a loss yet.

[in*10*se]

so how's that HOU.TO looking...:nut:

[max_boost]

Originally posted by SilverRex
Crude oil dips (calgary sun)

"Within a day of trading yesterday, the February forward contract for light sweet crude caught up with its January predecessor and sank into the NYMEX nether regions of below $40 a barrel of oil.

The February forward contract replaced the January contract as the NYMEX benchmark oil price on Friday, at which time February forward prices were still above $40 a barrel.

But while the January contract expired at a price of $33.87, the February contract settled at $39.91, a difference of more than $6 a barrel.

And that difference, said Scotiabank's Patricia Mohr, is quite a big change. Mohr said she has noticed non-commercial traders on the New York Mercantile Exchange are now going long on crude contracts, which means they are betting on prices to rise, as short-selling is becoming increasingly risky.

The Organization of Petroleum Exporting Countries had announced last week it would slash production by 2.2 million barrels a day to prevent prices from eroding further and Mohr said the cartel is likely to slash production again early next year.


Although OPEC failed to push up oil prices last week, the announced production cut likely prevented oil from sliding below $30.

Mohr said that without the OPEC production cut, which will take effect in January, oil would likely have dipped to $25 in the coming weeks.

Nonetheless, current oil prices are about half the price energy companies need for new Alberta oilsands projects to make financial sense.

Most upgrader projects planned for the province have been delayed or cancelled in recent weeks. Globally, energy companies are also expected to roll back spending on new oilfield developments in 2009.

The resulting supply constraint, Mohr said, "will set the stage for tighter markets and a big rebound in prices early next decade.

For 2009 and 2010, Scotiabank expects oil to average $55 and $70, respectively.

One factor working in favour for the oilpatch are material and labour costs, which have started to come down in Alberta.

Especially the prices of steel and pipeline have come down since this summer.

"I assume that capital costs are going to fall quite substantially next year," Mohr said.

"Let's just hope that it starts coming around."



so scotiabanks sees 55-70 oil next two years. Thats not to say that we wont see 30, but I think price 40 and below wont be held down for too long however the stage may be set oil will hit 30 at the least, so get ready if it dips first before rising I'll massively load up at 30


:D

So another drop to $30 in the February contracts? lol

So what's the WTI Cushing Spot? It's at 32.00, +.59 1.88% change.

I noticed it was at $33.87 on Friday and it dropped the same amount as the futures yesterday but this morning it's up and the futures are down. Can you explain this?

[max_boost]

Originally posted by in*10*se
so how's that HOU.TO looking...:nut:

Buy low and keep buying lower. :rofl:

[rc2002]

Originally posted by max_boost
HA, I haven't made any money from the stock market. I'm easily down $30K now but I've stopped counting.

Not sure what to make of everything, I have a sneaky feeling that we are going to see $20-$25 oil pretty soon here and it's going to be devastating. I hope I'm wrong. I can only average down so many times before I start questioning my decisions but I'm already passed the point of no return.

It gets depressing when you start counting your losses. LOL. With my losses I could've bought a 335i and had money left over.

Averaging down doesn't seem to be very effective in a market like this unless you have a lot of cash to chase the stock. I decided to just write off all my loser socks.

[bigbadboss101]

I agree lot of people including myself averaged down and down and end up with a lot of something that is in trouble.
If I was married and my wife found out I would be in 7 years of crap. For now trying to recover bit by bit.

[Chandler_Racing]

Originally posted by in*10*se
so how's that HOU.TO looking...:nut:

It's starting to look more attractive - at least for us patient people :angel:

[max_boost]

Originally posted by richardchan2002


It gets depressing when you start counting your losses. LOL. With my losses I could've bought a 335i and had money left over.

Averaging down doesn't seem to be very effective in a market like this unless you have a lot of cash to chase the stock. I decided to just write off all my loser socks.

I only have one stock right now, everything is riding on HOU. I have quite a bit of cash to chase it. Cash I'm willing to lose too. :banghead: Forget about diversifying :rofl:


Originally posted by Chandler_Racing


It's starting to look more attractive - at least for us patient people :angel:

:rofl:

How much more attractive do you want it to get?

WTI cushing spot is at $30.52 right now.

Are you one of those waiting for $20/$25 Oil? :devil:

[Chandler_Racing]

Originally posted by max_boost

:rofl:

How much more attractive do you want it to get?

WTI cushing spot is at $30.52 right now.

Are you one of those waiting for $20/$25 Oil? :devil: [/B]

I would like to see it break $2, as that is a psychological barrier in my mind that would break down a lot of investors. Although, my better judgment tells me that catching falling knives isn't a good idea. :rofl:

As for where oil goes, meaning down to $25 or up to $50 - it's anyones guess in my opinion.

[anothers10]

It was already $1.97 today. I was crying to myself and then desided to pick up more at $1.99

[bigbadboss101]

0.30 swings on HOU, and 0.57 on YRI. Day traders could have got a few hundred bucks here and there.

[djayz]

Werd anything below $2 seems like a pretty reasonable bet.

Oil still has a way to come down but it also has a way to go up. This winter season is killing alot of places and the effects of that won't show until early 2009 when they realize that inventories have dropped drastically. I've got my bets in on natural gas as well because of the winter conditions.

Sitting out on gold still but hoping I can get in before the new year but we will have to see.

[max_boost]

I picked up another 1000 shares at $2.06 today. Not very much I know but I'm sticking to my guns and will continue to buy haha

[djayz]

Originally posted by max_boost
I picked up another 1000 shares at $2.06 today. Not very much I know but I'm sticking to my guns and will continue to buy haha


Save some for the rest of us! :rofl:

Still have my lowball offer of 1.95 open haha

[DJ_NAV]

i think i read this somewhere: YRI up 88% in last month. I already bought and sold it 3 times for a good 8% profit each time.

[broken_legs]

Originally posted by SilverRex


so scotiabanks sees 55-70 oil next two years. Thats not to say that we wont see 30, but I think price 40 and below wont be held down for too long however the stage may be set oil will hit 30 at the least, so get ready if it dips first before rising I'll massively load up at 30


:D

I remember you saying this about oil at 50 dollars when it was trading near 65-70. If it dips into the 50's load up the truck type thing. (paraphrasing from memory sorry if im getting it wrong)

Usually mr rex you throw out some Fibonacci retracement numbers to back up your arguments for support and resistance, but I haven't read much about that in regards to oil from you lately.

We all know that in 5-10 years oil will be more than it is now. Peak oil isn't a theory, the economy of the world is growing etc.. etc.. Long term oil is going up. Just wondering if you are trading in and out of these positions or holding a big bag of USO for the long term? Annnd if you could add some of your technical analysis to your opinion. Always interesting to read what you have to say.


In my personal view, I don't see any reason why oil is going to go higher in the short to immediate future.

Any increased demand from lower price is completely negated and then some by a deepening world wide recession and credit freeze halting all business lending and economic inputs that would drive demand.

There are still tankers full of oil cruising around the ocean with no where to go, history has shown that whenever OPEC cuts the price actually goes down, and if in 2004 the price was in supply/demand equilibrium then we should be paying 20-30$/barrel at the production level that we should be at (IF OPEC actually cuts).

[max_boost]

^

That's a fair and realistic assessment on things. Everything is just very doom and gloom right now. If anything, the Americans have some back room deal to help suppress the oil price while they get things in their own backyard figured out. I think when oil does start trending upwards, it's going to be a violent upswing. If you can't stomach the fluctuations, don't buy. If you can handle it and are willing to chase, get in there. Being patient is probably the best thing you can do though. I know a few people are waiting for the next bull run, always more comfortable when you get your money in when things are looking up.

With that said, HOD anyone? :rofl:

[Inzane]

Originally posted by Z_Fan
So, if you add up all the shares of HOU that we have collectively bought, you realize we've lost a BIG FUCKING PILE of money today.

Anyone looking to this thread for good advice should just look somewhere else. :thumbsdow

Bwaaa haaa haaa!!! :rofl:


Wait a minute... D'oh. :facepalm:

[Z_Fan]

Yeah. :poosie:

[yoda124]

I thought this thread was all about good investments (stocks)?...:guns:HOU

I'll give you mine for tomorrow.UUU Uranium one. :love:

Bought this one heavy on margin today at 1.50.Should see 1.80's quick.

[anothers10]

This is a little info about NYMEX oil, for those that dont know.

http://blogs.reuters.com/great-debate/2008/12/23/nymex-oil-benchmark-again-in-question/

[SilverRex]

Originally posted by broken_legs


IUsually mr rex you throw out some Fibonacci retracement numbers to back up your arguments for support and resistance, but I haven't read much about that in regards to oil from you lately.




its unfortuante 40 dollar oil did not hold, it did put up a good fight, and so the spiral to 30 dollar oil is probablly the next target. Based on price projection from its previous drop from 55 to 40, oil can now make the same stretch from 50 to 35. (by the way fib retracement doesnt really work right now since we dont know where the low is and the previously support from peak to bottom had been all taken out) Therefore the only retracement we are looking at is when oil makes a run, it's current 1st retracement target is 80 dollars assuming 37 is the bottom)

whether it will hit 35 first or holding at 37, one thing is usually certain, the lower it gets the more investor will start buying aside from that, I am anticipating oil will at the least go back and retest the support that was broken which is at 40-41.

It is a matter of time that we would see a rally from 30 to 41, or 35 to 41 no one knows. But my own strategy would be to double up on my position at around 30-35, and unwind the same position when it hits 41. This is to ensure if oil was moving between 30-41 for a few months, you can potentially start accumalating your loss bacl and start turning a profit (assuming we all held the bag at 40-45) until it re-breaks 41 and onto 55 which is our 1st major resistance (50 day)

now if oil dips to say 20-25 that would be another crisis on its own, I dont think oil producing countires can withstand that level for any duration. So if price does hit, it would sharpy head higher. I wont be surprise heavy consumers like the states or China would spend money to load up the truck because they know its only a matter of time when oil gets back to healty territory in the 55-70 area as most analyst suggested. so the 20-25 dollar oil I would say it will like gold hitting 681, it just wont last long down there.

so my bets remains at 40 oil and trade 30-40 for short takes until it recloses above 41.

[SilverRex]

^

just remember, I dont think this recession will be as long lasting as everyone believes and history tends to protray, because we live in the era where everyone can make their own investment strategy on the spot, I mean this by the hands of a few clicks.

Once the mentality sets in and things recover, the coming rallies would be big.

so my bets are only on gold, silver and oil only for the next few years.

For those who wishes to trade oil but doesnt have too much cash, I highly suggest skipping HOU.to unless you can cost average down significantly.

otherwise I would rather convince you to set your own entry and pick up some USO for the long haul (which I also did myself) my stragetgy there is to buy up half of what ever US dollar I have in my trading account at 40 dollar oil, and the other half at 30 (if we get there) then let it sit for 3-5 years how ever long it takes to get back to peak oil due to inflation.


while I will be concentrating my firepower (CAD dollar) at HOU 30-40 oil trade and will head long above 41 and of course HGU if the price is right. Gold is another thing I watch closely. I just picked up a few more ounce of gold bullion last night. I am fully diversified with gold stock, physical and also spot silver on the forex exchange.

[ballah]

just bought 30g s worth of cos.un... hopefully i can sell it today at a profit.

looks like the markets are closed at 11am alberta time, closed tomorrow (xmas) and the canadian markets are closed for boxing day (US markets are open).

[89coupe]

Originally posted by 89coupe
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.

Looks like my gamble paid off, doubled my money!:bigpimp:

[DJ_NAV]

^ You should share your tips/input more often. We could all double our money:thumbsup: instead of buying HOU..:confused:

[djayz]

Originally posted by DJ_NAV
^ You should share your tips/input more often. We could all double our money:thumbsup: instead of buying HOU..:confused:

I doubt it, if you notice most of the tips/suggestions he posts are very illiquid stocks. If we all jumped in we would be controlling the price and most of us would get screwed.

89coupe has great picks but they usually only make 1 or 2 people money and those are usually people who are in the know of the company or in the industry in other words 89coupe.

No offense 89coupe but it's true we have all been burned by the 89coupe train before, in all the illiquid stocks from back in the day :rofl:

I'm out until mid-january Merry Christmas and Happy New Year everyone, hopefully we get a nice jump in oil so I can cash out and enjoy my holiday haha.

[broken_legs]

Originally posted by 89coupe


Looks like my gamble paid off, doubled my money!:bigpimp:

Who said there was no such thing as a Free Lunch!

[e36bmw///]

nm

[max_boost]

No trading for me today.

Save your cash boys, look at the oil futures, it's just tanking like mad after closing! Holy fuck! Oil futures at $35.30 as we speak. Looks I'll be chasing hard after the new year.

Man, so many of us bought HOU, why didn't just 1 person go against the grain to buy HOD. You would be such a pimp if you did so. 100% returns in 10 days hahaha

[civic_rida]

What did everyone get in at.
I've been watchin this hou too.

[civic_rida]

What did everyone get in at.
I've been watchin this hou too.

[coworker]

why not purchase shares in butterball turkey?

[max_boost]

^
Banned? That was fast!

Civic_rida, just to let you know HOU is VERY volatile so if you can't handle the fluctuations, don't buy any. Personally I have accumulated a lot of this stock and chased it several times during the slide. My average cost is around $2.60 I think. Planning to buy more as it continues to tank.

Buy with caution!

[broken_legs]

Soooo


After the close today:

"Fed makes GMAC a bank holding company"


What you need to know:
- If GMAC didn't do the conversion it would have failed cutting off financing for 75% of all GM dealerships
- Now that its going to live this increases the chances of GM surviving.
- This is good news


Maybe markets rally on this towards the new year?

Maybe markets don't care because its xmas

Maybe markets continue to sell off on low volume until the new years when a new wave of hedge fund redemptions sends the market into the abyss.

http://i274.photobucket.com/albums/jj259/broken_legs/INDU_08_19_Feb.jpg

So I see the dow and S&P doing the same thing here.

The dow is/was wedging out with an upwards trending bottom and a ceiling of around 9000.

The on Dec 19 we had that big volume day when the gov't bailed out GM and the market closed right on the bottom trend line. The next few days show clearly that the trend has been violated but on very insignificant volume. So I look at the Jan 19 day where we had huge volume and actually closed down as the indicator we will be going down down down.

I think the new years is going to be a lot less cheery than most people think at least for the first Q. I'm going to start buying some DXD and other shorts on the indexes to hedge against it. I might even be the guy who actually grows a pair and goes short oil haha

[max_boost]

Until the bottom is formed, it's such a guessing game. :rofl:

I'm even believing that we are going to see $20-$30 oil but I'm holding out that some bigger force out there is going to prevent it from happening :rofl:

I can't bring myself to hedge with HOD or sell my HOU to go for HOD. I'm just sticking to my guns and continuously buy buy buy on HOU. :guns:

[max_boost]

The bottom has to be near. I waited until oil plunged over $100 to the $45ish range before jumping in and constantly bought more on the dips. The bottom has to be near or else I'm going to blast zombies with SilverRex. :guns:

[Chandler_Racing]

Originally posted by max_boost
The bottom has to be near. I waited until oil plunged over $100 to the $45ish range before jumping in and constantly bought more on the dips. The bottom has to be near or else I'm going to blast zombies with SilverRex. :guns:

Left 4 dead? If so, I'm in ... :guns:

[SilverRex]

oil back up to 37 nice, looks like the price projection is working (bottom at 35 short term), oil looks good to at least hit 40-41 again since it just broke the downtrendline that should bring it to 38.50, it may retest 35 for a double bottom before retesting 41 if anything I dont think we will see 25-30 just yet.

gold is also looking to retest 870

:) feeling good

also picked up a 46" Sharp LCD at futureshop, im surprise at how many people still show up to buy stuff despite deals arnt that great also saw rage 2 there picking up more LCD sets. lol

me and Sky played left4dead the other night, anyone interested pm me your name on steam. we usually play around 10pm-2pm

[max_boost]

Thinking about picking up some HBU, thoughts? The last run up from $750 to $850, HGU outperformed HBU 100% vs 33% returns respectively. If Gold can break through $900, it's going to be serious business! > $1000 easily (based on what I'm reading) :rofl:

[SilverRex]

Originally posted by max_boost
Thinking about picking up some HBU, thoughts? The last run up from $750 to $850, HGU outperformed HBU 100% vs 33% returns respectively. If Gold can break through $900, it's going to be serious business! > $1000 easily (based on what I'm reading) :rofl:


the pitch fork double bottom for gold at 830 no doubt pushed it higher now at 870 just the way I saw it a day eariler. However 870 is dead on a trendline that prevents it from going to Zone C between 870-920 now. I hope it breaks then it will trade between zone C which will be exicting if it can break 920-930 and to test 1033,

But, if 870 holds, it will trade between 870-830 until it can break out.

I'm definately cheering for gold

for those who want to play left4dead my nick name on steam is GoldRex :nut:

[anothers10]

Happy Monday morning for HOU people, if oil continues this way.

[eljefe]

Originally posted by anothers10
Happy Monday morning for HOU people, if oil continues this way.

Here's hoping.... but just to hedge a little I got 500 shares of HOD at 54.80 and sold it 20 minutes later at 58.4 and dumped the profit into more HOU at 2.04

[DJ_NAV]

YRI FTW!

[bigbadboss101]

The gold stocks are doing well. YRI I have traded a bit recently. Daily/weekly swing is quite interesting.

[max_boost]

I'm glad HOU didn't tank anymore as I didn't want to increase my positions anymore. I have too much of this stock in my portfolio.

HGU and HBU are both having a very nice day. I'm looking for any sort of pullback in either before I jump in. Is this the year we see >$1500 gold? hehe:hitit:

[yoda124]

Originally posted by eljefe


Here's hoping.... but just to hedge a little I got 500 shares of HOD at 54.80 and sold it 20 minutes later at 58.4 and dumped the profit into more HOU at 2.04

HOU is dead money.I'd put my money in HNU instead.

[DJ_NAV]

Do you guys think gold will dip for rest of the week?? I am sitting a decent gain on YRI.. thinking of selling it today and buying some later this week or next week at a lower price? will it go down in that time frame?

[Inzane]

Let me just check my crystal ball, and I'll get back to you.

;)

[SilverRex]

Originally posted by DJ_NAV
Do you guys think gold will dip for rest of the week?? I am sitting a decent gain on YRI.. thinking of selling it today and buying some later this week or next week at a lower price? will it go down in that time frame?


its important gold needs to be able to close a day or two above 872, other wise the trend line that it appears to have broken may be false and can push price right back down to 830. One can only place bets at support levels at 830, 808 and 780 and if we can remain above 872 for a few days then certainly it will test the all importat 920-930 quite soon which means for those that are waiting, you wait for the retest break out at around 870 if it does hit 920 and initially I do see if holding.

as far oil, just like what it did from 55 to 40 and now 50 to 35, the 35 to 41-42 was seen as a retest. Price will now come back for support which I see a trendline on the 1hr chart forming, currently it is at 36.70, I will see this trend line hold and price creep back up perhaps retesting 41. So either breaking north over it or breaking the trendline to retest 35 if not lower.

My recommendation is same as my other post last week, trade the 33-35 to 41 until it breaks higher ground. Because there is a downside risk that if 35 is broken, it could be a 41 to 25 setup just like what happen in the last few weeks. Assuming you and I are in the same boat holding at around 41-43. If you have guts then sell and buy back at around 36.70 or until the trendline breaks and wait for 35.

i sold my AUY this morning after buying when gold was at 830, and will pick up some oil if it dips below 37 :)

good luck

[yoda124]

all in on HNU on my Self Directed RRSP.Looking for it to hit $10 in a month.Still holding my large position UUU that I bought last week at 1.50.Looking for 1.80+ short term.I love my broker giving me 30% margin on sub $3 stocks.:poosie:

[aklalani]

Originally posted by yoda124
all in on HNU on my Self Directed RRSP.Looking for it to hit $10 in a month.Still holding my large position UUU that I bought last week at 1.50.Looking for 1.80+ short term.I love my broker giving me 30% margin on sub $3 stocks.:poosie:

better hope that UUU doesnt tank to previous prices below $1 on that margin :(

[tryingtobebest1]

so, whats happening?

[DJ_NAV]

Originally posted by tryingtobebest1
so, whats happening?
Pick one:
1)The stocks are going down.
2)The stocks are going up.

[tryingtobebest1]

LOL

[tryingtobebest1]

Im reading you mostly guys, and in with TCK.b at 4.61, woundering if i should get rid of them, whats with gold today (i dont know how to check gold or oil in general)

[ballah]

^^ use this link and click on "metals pricing". it s located on the right hand side. just remember that the prices are in US dollars and you have to add bout 60bux (on top of the US price of the gold to get an accurate cost). if you want to buy or sell the gold that is.

http://www.scotiabank.com/cda/content/0,1608,CID6045_LIDen,00.html#

[bigbadboss101]

I use this

http://www.bloomberg.com/markets/commodities/cfutures.html

or

http://www.advfn.com/p.php?pid=commodities&adw=74&kwc=oil&gclid=CMfP---ytJcCFRqgnAodmi11hw

[Rat Fink]

.

[yoda124]

Originally posted by aklalani


better hope that UUU doesnt tank to previous prices below $1 on that margin :(

Waiting for $1.88 on UUU tomorrow and I sell.That's one nice profit to start the new year.:clap:

[max_boost]

Just noticed all the uranium stocks are up! I haven't looked at lam, pnp, mga, etc. in awhile. I lost so much money on those stocks so they were garbage to me and I wasn't willing to average down either lol

So what's going on with uranium? James Dines did put out a buy signal very recently but don't tell me that one dude single-handedly drove the price up! :rofl:

[wiggaplz]

Originally posted by tryingtobebest1
Im reading you mostly guys, and in with TCK.b at 4.61, woundering if i should get rid of them, whats with gold today (i dont know how to check gold or oil in general)
stay with teck bro ive been watching that stock forever it will get back to the 30 dollar range if you're buy + hold and if you're short term sell at around 6 and keep buying around 4 for 50% profits each time. Market will drop hardcore in the next couple months (I'm waiting for the Dow to hit around 5500 before I get in long term).

[wiggaplz]

question....whats up with all this tech analysis on gold? we are in times of economic uncertainty for the next year, isn't gold a no-brainer?

[max_boost]

^^

Pretty much. Everything I read is buy buy buy on gold. I picked up some HBU and HGU today. Waiting for a pullback before I commit more funds. I hope HOU is at the bottom so I won't have to commit any more positions to that stock.

[Inzane]

Originally posted by max_boost
I hope HOU is at the bottom so I won't have to commit any more positions to that stock.

No one's forcing you to do anything. You make it sound like you don't have a choice. :dunno:

[eljefe]

Originally posted by max_boost
^^

Pretty much. Everything I read is buy buy buy on gold. I picked up some HBU and HGU today. Waiting for a pullback before I commit more funds. I hope HOU is at the bottom so I won't have to commit any more positions to that stock.

Watch for a big drop at open today- might even break into the 1.80's

[bigbadboss101]

trouble logging onto TD?

[TYMSMNY]

Originally posted by Inzane


No one's forcing you to do anything. You make it sound like you don't have a choice. :dunno:

When you're trying to average down... you kind of don't. Keep piling money in and hope it'll pop back up soon.

[e36bmw///]

nm

[TYMSMNY]

Originally posted by e36bmw///
wow oilesco at .22?

was at like .90 just yesterday

classic case of people averaging down from $16.00. reached $12 so people bought more.... went to $5 and people bought more.... now, <20 cents. yikes. Oilexco needs to drum up funds fast or look for buyers and at this price, good bargin for N.Sea assets.

[Z_Fan]

^ The reason for the slide is because they announced they are bankrupt and are going to file for bankruptcy protection.

[max_boost]

Originally posted by Inzane


No one's forcing you to do anything. You make it sound like you don't have a choice. :dunno:

I'm fully committed to hou. I'm buying as it drops, all the way until a bottom is formed. :rofl:

[Rat Fink]

.

[max_boost]

Oil price is on its way up!
http://www.bloomberg.com/apps/news?pid=20601207&sid=aVCmFWgDwLEI&refer=energy


Oil may rebound next year to average $60 a barrel as the Organization of Petroleum Exporting Countries makes record production cuts to counter the deepest economic slump since World War II, according to the median of estimates by 33 analysts surveyed by Bloomberg. That would be a 52 percent gain from today’s price.

‘Near the Bottom’

“We are very near the bottom in oil prices, or will reach the bottom in the next few weeks,” said Ehsan Ul-Haq, head of research at Vienna-based JBC Energy GmbH, an oil broker and consultant. Prices will be subdued “as long as stockpiles remain very high,” he said.

Hopeful!