Official Short-term Investments Thread

[Z_Fan]

Originally posted by Rat Fink
I'm curious what will happen after HOU's 5:1 reverse split today. I'm waiting to buy until after that happens and I see where it goes.

May be viewed as a sign of weekness? Usually after a reverse split I've noticed a further downfall. We'll see.


So there will only be 2.8x million shares of HOU as opposed to the 14.x million they currently have after this split??

If I have 10000 shares today, then I will only have 2000 shares afterwards ... ? And the "price" will go up 5x when it starts to trade again?

[ballah]

just made 3100bux off of cos.un.... in less than a week... not too bad..

looks like hou is comin back... lol

[max_boost]

Originally posted by Z_Fan



So there will only be 2.8x million shares of HOU as opposed to the 14.x million they currently have after this split??

If I have 10000 shares today, then I will only have 2000 shares afterwards ... ? And the "price" will go up 5x when it starts to trade again?

Yep.

The question is, is this another artificial rally? Another tease before we see $30 again or what?

:rofl:

[SilverRex]

Originally posted by Rat Fink
I'm curious what will happen after HOU's 5:1 reverse split today. I'm waiting to buy until after that happens and I see where it goes.

May be viewed as a sign of weekness? Usually after a reverse split I've noticed a further downfall. We'll see.



this is a fund that tracks the nymex oil index, the reverse split or consoladation is merely technical. if oil doesnt drop, HOU will neither

so the trendline at around 36.70 held as I saw it a few days back that would have been the buy back point.

now we are testing the all important 41 which if we can hold above will cause a good rally back to 45 and the picture to retest its 50 day at 55 will be that much easier. I wont rule out things can suddenly crash back to earth to retest 35 or hit the all important 30 target as most saw a week ago. So all eyes on the trendlines,

like I said cost average is your best weapon, no one can pick the bottom. Then again it would be just as bad if you cost average down since 140, some of you are saying its just a waste of money but that is if it goes to zero and oil isnt going to zero folks.

I wasnt on this thread the last time oil went from 50 to 80 then back to 50 and I knew that was the bottom, I kicked my self for not investing in it and it went to 147.

then around 140 I knew the bubble was about to burst. I dont think I've posted anything about eariler oil price moments before it was more of a discussion at my workplace.

when oil price begain to fall, then it got interesting because suddenly there is opporunitiy.

now that price is at 35-41 it is low ENOUGH to create a position. and with enough money left I'll buy between 30-40 for short takes, leave 1 position for 40-55. and if it does hit 55 I'll unwind everything because oil needs a very solid bottom formation to turn it around which will pave way for a few more drops that I can get back in.

anways, on the gold front, its looking better than what I had hoped. holding above 872 was key, and it did the trick, so now lets see 900-920

my jackpot is on silver spot. loaded up on 10.30, now at 11.22, up 30% my short term target at 13.50 then I will wait for a pull back before holding till 21 for a 400% return. :)

but you say, if gold can hit 1400-2000 next year, would silver not at least hit 30? sure, that is why I bought some gold and silver bullion for the longer term play.

Anyways wish everyone a happy new year that will bring some good fortune :)

[badlivertt]

anyone else having trouble getting into TD waterhouse right now? won't let you log in and i need to punt a pile of PNP.

[SilverRex]

Originally posted by badlivertt
anyone else having trouble getting into TD waterhouse right now? won't let you log in and i need to punt a pile of PNP.


yeah I couldnt log in either, thank good ness I have all my orders set last week

[max_boost]

I've been unable to log into TD all morning. Luckily I do all my trading with RBC.

I seriously hope this isn't some artificial rally. I'm getting really close to break even on my HOU. I have 22,000 shares and it was just yesterday I was down over $10K. :nut:

*edit*, this morning I was down. :nut:

[SilverRex]

Originally posted by max_boost
I've been unable to log into TD all morning. Luckily I do all my trading with RBC.

I seriously hope this isn't some artificial rally. I'm getting really close to break even on my HOU. I have 22,000 shares and it was just yesterday I was down over $10K. :nut:

*edit*, this morning I was down. :nut:

i duno if you have your own strategy but if I were you I would unwind half if it hits 45 on the simple fact that you and I have seen a lower bottom since started a position, which means, there is a good chance you can buy lower

and dont underestimate your 11k shares of HOU at these level because when it goes back up, the compounding effect is still enormous.

well that is what I would do :)

[Z_Fan]

I'd bail. ;) :poosie:

[max_boost]

Dude, watch the ticker on BNN. Oil price is fucking insane right now. I'm thinking we might break $50 today lmao! :eek:

[DRKM]

HOU is on fire.

[Z_Fan]

I'm keeping my shares until March 2009 (at least) ... so what HOU does today or next week doesn't really matter to me. Because I'm pretty confident that by the end of March 2009, HOU will be worth more... ;) :poosie:

[SilverRex]

Originally posted by max_boost
Dude, watch the ticker on BNN. Oil price is fucking insane right now. I'm thinking we might break $50 today lmao! :eek:

like I said 45 proves to be a good resistance. I sold half of my HOU as I see the potential it will come back down to the 1hr trendline which is now at around 38



:D

[max_boost]

Originally posted by Z_Fan
I'm keeping my shares until March 2009 (at least) ... so what HOU does today or next week doesn't really matter to me. Because I'm pretty confident that by the end of March 2009, HOU will be worth more... ;) :poosie:

You are probably right. I hope so too. $60 barrel in March :D

Only reason why I keep looking at it is because I've averaged down so many times. It's exciting that it finally popped haha

Originally posted by SilverRex


like I said 45 proves to be a good resistance. I sold half of my HOU as I see the potential it will come back down to the 1hr trendline which is now at around 38



:D

I couldn't bring myself to do it.
:facepalm:
It got up to $2.63! Day traders like you must be loving it.

[eljefe]

Originally posted by max_boost



I couldn't bring myself to do it.
:facepalm:
It got up to $2.63! Day traders like you must be loving it.

I bought in another 15,000 shares of it today at 1.99 and sold it out this afternoon at 2.51 woot $7800 to the bank- didn't touch the other 30,000 shares though.

[DJ_NAV]

happy with HOU going up... but still in the red by 50 cents.... couple more days like today and then i'll be :D

[roopi]

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:

Traded HNU last week for a profit. Just picked up again today. Hopefully prices reboung on NG.

[SilverRex]

after looking at the gold chart again, its looking very good to hit 920 in the short term and I suspect the new major support is now at 850. which means anything that is 850 or below is a great buy if you want to get into gold. :)

as far oil, even tough the last support is at 38 trendline, the 41 that it brokeout could be the latest support for the moment. anyways right now is support at 41 then 38 and resitance at 45 then 50 and 55

I still see we have momentum to at least get up to 55

:thumbsup:

[ExtraSlow]

For those of you who follow Oilexco (OIL)

Oilexco - Calgary Herald (http://www.calgaryherald.com/Oilexco+credit+denied/1131822/story.html)

[civic_rida]

Intrested to see what friday will bring for "HOU"

[max_boost]

Hey civic_rida, did you buy any yet?

Reverse split takes effect on Friday so it's going to be weird trading $11 hou!

[Chandler_Racing]

Originally posted by civic_rida
Intrested to see what friday will bring for "HOU"

My crystal ball says hard times.

Perfect example of a dead cat bounce.

[civic_rida]

i was going to buy some on friday. I've been settin up my rbc account these last few days.

[civic_rida]

Investopedia explains Reverse Stock Split...
For example, a 1-for-2 reverse split means you get half as many shares, but at twice the price. It's usually a bad sign if a company is forced to reverse split - firms do it to make their stock look more valuable when, in fact, nothing has changed. A company may also do a reverse split to avoid being delisted.

So whats the split going to be for it to go all the way up to 11 dollars?

[max_boost]

1 for 5 reverse split so 5x fewer shares but at 5x the price. Now it's all dependent on the oil price. If this is just another fake rally off some mediocre news, then shit, it's going to come back crashing down. If it still has any momentum, we might see $50 and I will probably unload some of my position for a profit and re-buy as it corrects. Who the hell knows though. If I could properly day this stock, I would be up at least 50% right now. :banghead:

[wiggaplz]

I'm not convinced. Oil will have a shitty end to the week next week.

[civic_rida]

I thought maybe the stuff going on with israel was affecting the price of oil.

[max_boost]

Should have sold when I had the chance!

Brace yourself. Oil is already down!

http://www.bloomberg.com/apps/news?pid=20601207&sid=a3DRKvobHWSo&refer=energy


Crude Oil Falls on Concern Slowing Economy to Limit Fuel Demand

[max_boost]

Oil is a freaking rollercoaster ride right now. It's all speculation. Any positive or negative news will get magnified 1000X lmao!

wiggaplz,
That rally on the 31st didn’t have too much behind it so we’re seeing crude come back to a level more reflective of the fundamentals

Civic_rida,
Oil jumped 14 percent on Dec. 31 after a report showed U.S. fuel stockpiles climbed less than expected and the conflict between Israel and Hamas raised concern Middle East supplies may be disrupted.

[bigbadboss101]

Volatile market. Some hidden manipulation everywhere. A report here and there will momentarily drive prices up, and then another will drive it back down.

[bigbadboss101]

Which way Oil price is going is anybody's guess?

[e36bmw///]

nm

[max_boost]

^

Your account isn't updated yet. On my RBC, the pricing is updated but the # of shares isn't. It's showing that I have 450%+ returns lmao! I wish! haha :bigpimp:

[bigbadboss101]

HOD SP dropped $1 in a matter of 15 minutes :eek:

[civic_rida]

i think i missed the boat on hou
Can anyone tell me the difference between hod and hou?

[ballah]

how does that work with hou?? i know they have the split, but did the market value really go from 2bux to 14bux??

if i were to sell (which i m not) would the sell price match the market price?? cause my profile went up by quite a lot.. lol

[ballah]

Originally posted by civic_rida
i think i missed the boat on hou
Can anyone tell me the difference between hod and hou?

from what i know, when crude oil goes up, hou is the one you want to be in. When crude oil goes down, hod is the one you want to be in. in general terms.

[bigbadboss101]

I think they didn't update the $/share. As far as I know if you had 200 shares @ 2.10 and it consolidated, you will have 40 shares @10.50. Your holding of HOU didn't not go five fold.

Try selling the # of shares you had last week. It would tell you there aren't that many shares in your account.

[DRKM]

hou @ 14.00

I am waiting for AGT to start growing. But it just won't break $1.26

[max_boost]

Originally posted by civic_rida
i think i missed the boat on hou
Can anyone tell me the difference between hod and hou?

No you didn't. Just ask yourself where you think oil price will be? Will it be higher than $45? If so, buy.

If you think oil price is going up, buy hou.

If you think oil price is going down, buy hod.

I hope they forget to reverse split the number of stocks I have. It's nice looking at such a huge return. I should screen shot my portfolio, these are the returns I expected this summer, not right now. :rofl:

[max_boost]

Anyone else using RBC? It's so slow today.

I just checked out the uranium stocks, mga, pnp, lam and they are on fucking fire. What the hell happened? They are up over 100% in the past week!

Lost in all this, the TSX index is up 10% in the past week too. New year rally to ring in 09?

[SilverRex]

oil looking good after hitting 45 and retested 41 which was the breakdown to 35 that turned into support.

after reaching higher over 45 today, if 45 holds we will see 50, but the million dollar question is, will oil hit 50 then sell off begin? or will it be 55?

I am hoping at 55 because it will have satisfied a few condition and when that happens we could easily see 40s once more. but it can just as easily be at 50 since the recent run has been quite strong making it overbought somewhat.

I will definately reposition myself and start selling around 50-55 and wait for a huge pull back at least back to 40-45 and hold my other cash at 35

gold is still looking good however its finding difficultie again because it has been overbought and wants to come down yet the key area is still 872, the longer it can hold its head above this, the chance that we will see over 900 willl be soon, otherwise hold until 920 if you are in and buy if gold hits 850 or below

happy trading

[SilverRex]

Originally posted by max_boost
Anyone else using RBC? It's so slow today.

I just checked out the uranium stocks, mga, pnp, lam and they are on fucking fire. What the hell happened? They are up over 100% in the past week!

Lost in all this, the TSX index is up 10% in the past week too. New year rally to ring in 09?


the only thing I caught with uranium is some expert says it has bottomed

[yoda124]

Originally posted by SilverRex



the only thing I caught with uranium is some expert says it has bottomed

Finally got my sell order filled on UUU today at 1.88...took the profits and got into PLD.The chart has a nice 45 degree rise off the bottom headed towards $20

[yoda124]

[

[badlivertt]

Originally posted by max_boost

I just checked out the uranium stocks, mga, pnp,

As a point of interest for PNP, one of the big director guys has the best name ever: Peter Harder (still cracks me up). My pal articled for him years ago at FMC. I'm just pissed I sold all my PNP a couple days back... looks like it's gunna move higher.

[Z_Fan]

So, who sold HOU before the split? :poosie:

[Fiddy Yen]

Originally posted by max_boost


No you didn't. Just ask yourself where you think oil price will be? Will it be higher than $45? If so, buy.

If you think oil price is going up, buy hou.

If you think oil price is going down, buy hod.

I hope they forget to reverse split the number of stocks I have. It's nice looking at such a huge return. I should screen shot my portfolio, these are the returns I expected this summer, not right now. :rofl:

:rofl:

I woke up today checking out my port, and :eek: up 200% made me soo happy. But then i saw the reverse split :banghead:

Im just going to have to stay holding for now I guess.

[DJ_NAV]

cant believe GS is still climbing!!!!.. bought some at 55.. sold at 69 for a decent profit... now its at 86!!!!... wow.

[SilverRex]

so looks like gold couldnt overcome the overbought condition had to come down (which is healthy)

now that it is at 848, if one is to open a position I would say the 200 EMA at 839 should hold but if it does not next support is at 808

therefore if you were to buy I would start between 839-850 then another at 800-810 with a short term target at around 920


Oil is still looking up, currently at 46 , 45 needs to hold in order for another attempt to hit 50 or break it. otherwise it will quickly fall back to 41,

for my own strategy I still believe in 50-55 target to be reached while the only buy back point for me is at 39 which is the trendline, this trendline will be the deciding factor if oil would retest the low of 35.

I will hold my position until it reaches my target, I will not buy back unless it hits 39.

good trading

[SilverRex]

the dollar index is breaking higher at 83, but I do see it will end if it touches around 84 which is the last resistance in a bearish view hence, when it turns around, so will gold break higher just be patient.

Oil just cracked the down trendline on the 15 min chart which signals strength, we will see 50 folks, now I hope 55 is right around corner. ;)

[civic_rida]

i really wanted to get into hou this morning but i dont think i will.

[topfuelman]

This is written by Martin Weiss who is a long time China Bull. It's interesting that he seems to have significantly revised his position from even a couple of months ago on China.

http://www.moneyandmarkets.com/looming-c....

Quote:

hope you’ve had a great start to your New Year!

At the same time, however, I trust you are not counting on the latest holiday rally in the stock market — or the most recent incarnation of the Obama rescue package — to transform 2009 into a positive year for the economy.

The reasons: In addition to the massive wealth destruction I told you about two weeks ago and the continuing debt collapse I’ve been warning you about for many months now, the overseas engines of global growth are also collapsing.

This does not negate my long-term view that certain overseas economies offer great future opportunities. But it does represent a major short-term threat to U.S. investors, U.S. companies and the U.S. economy as a whole.

The undeniable reality: The debt crisis that first appeared in the U.S. subprime mortgage market … then precipitated a Wall Street meltdown … and has now driven the American economy into its sharpest decline since the Great Depression … has now spread to the entire world.

It is driving the economies of Western Europe and Japan into an unprecedented tailspin. It threatens the economic — and potentially political — stability of Russia, China and several emerging market nations. And it’s setting the stage for a global depression of epic dimensions.

Here are some of the most vulnerable major economies …

Russia Smashed by Oil Price Collapse

Never in modern history has the success or failure of a major emerging economy been so dependent on one single commodity! And never before has that commodity fallen so far and so fast as Russian crude oil!

Russia does have other resource and revenue sources. But in just the past six months, Urals crude, Russia’s primary export blend, has plunged from a high of nearly $141 per barrel to a low of a meager $32.34 — a 77% crash that’s pounded Russian stocks like a sledgehammer and sliced through the Russian economy like a serrated sickle.

The big dilemma: To balance its federal budget, Russia must get a minimum of $70 per barrel for its crude oil. But at $32 and change, it’s getting less than HALF that amount. The entire country is losing money hand over fist.

No wonder Russia’s stock market has plunged 72%, forcing 25 separate stock exchange shutdowns!

Transneft, the Russian oil transporter, is down from $2,025 in January 2008 to a recent low of $270. Gazprom, the natural gas monopoly, has lost more than two-thirds of its market capitalization since May. Meanwhile, Lukoil fell from a May peak of $113 to a recent low of $32.

Russia’s oil-driven real estate bubble is also collapsing. That’s why Russian construction and real estate giant Sistema-Hals lost more than 94% of its value last year alone … why PIK Group, another major construction giant, collapsed by 96% … and why the entire RCP Shares Index of Russian developers has sunk 92% since its record high in June 2007.

Ford, Renault and Volkswagen are halting production at Russian assembly lines. Unemployment is likely to surge to 10% and beyond. Massive amounts of foreign capital are fleeing the country.

In a desperate attempt to stem the tide, the Russian government has devalued the ruble 11 times since November, and thrown a quarter of its foreign currency reserves at the raging debt crisis. But it’s still not enough. Russia’s primary source of revenues — energy exports — is in shambles; and unless crude oil prices could somehow DOUBLE in a big hurry, Russia’s economic and financial decline cannot end.

Standard & Poor’s has cut Russia’s long-term debt rating for the first time in nine years, citing dangerous outflows and a “rapid depletion” of currency reserves. And more downgrades are in the offing. Even a major debt default is not unthinkable.

The biggest danger: Political upheaval and social unrest.

Even before this crisis, Russia’s middle class earned less than $500 per month. Now, with the devastating plunge in oil revenues already in place, those numbers are falling to even lower levels. For a nation with a cost of living that rivals that of the U.S., Western Europe and Japan, the last thing the Russian people needed was a depression. Yet that’s exactly what they’re getting.

I visited Russia last year before the collapse in oil prices. I spoke to a variety of professionals and people on the street. And I stayed with friends who work in government jobs.

From everything I had read, I had anticipated signs of greater prosperity. Instead, I was surprised to see how little average citizens had benefited from the recent years of rapid economic growth.

Yes, they have more access to a wider variety of goods that were scarce during the Soviet era. But most professionals — such as teachers, doctors, nurses and government employees — are still living on the edge of poverty.

Equally surprising is the popular disgust and disdain for the government. Public opinion surveys and press reports may indicate broad support for the Kremlin’s foreign policy, and they seem to be accurate. But support for domestic policies is another matter entirely.

My view: Any major disappointment with respect to pocketbook issues could lead to major political changes, the outcome of which is largely unpredictable.

China Far More Vulnerable Than Expected

China’s extraordinary expansion of the past decade fueled booms in global trade, commodities and emerging markets. It was a major growth engine that turbo-charged Australia, Brazil, Southeast Asia and even Japan.

Now, however, that engine is grinding to a screeching halt. Indeed, when historians look back to major pivot points of this global economic crisis, they will undoubtedly point to the abrupt end of China’s boom.

Many of us assumed that because China’s economy was growing so quickly — at a breakneck pace of 10% or more per year — it could easily afford to slow down by a few percentage points and still be in far better shape than most other economies.

But now I seriously question that theory. Indeed, more often than not, companies, industries and entire nations that enjoy the biggest booms are also vulnerable to some of the biggest busts. Instead of a mere slowdown, as many still seem to expect, China’s economy could suffer a wholesale collapse.

Exports, which still represent two-fifths of the Chinese economy, are already sinking fast. And the domestic economy, much of which depends directly or indirectly on the revenues flowing from exports, is also beginning to sink.

Warning signs are everywhere: Stocks, down 60% just in the last 12 months; imports, down 17.9% in November alone; foreign investments to China, off 36.5% last year.

In response, the government has slashed interest rates and pledged a $582 billion stimulus package. But that’s mere pocket change compared to China’s trillions in vulnerable exports. Moreover, it has done little to help millions of small- and medium-sized businesses which are already shutting down and laying off millions.

A big problem: 45% of the Chinese government bailout is earmarked for the cement and housing industry. Meanwhile, cash-flow problems are sweeping through the entire economy, downing airlines, manufacturers and property companies.

Airlines like China Southern and China Eastern, for example, have been losing money hand over fist. China’s auto sales are plunging. Its shipbuilding industry is in a tailspin. And its real estate market is collapsing.

Next, expect surging unemployment … mass reverse migrations from urban centers to the countryside … spreading popular unrest … and a major challenge to authority. Chinese leaders have already admitted that an economic downturn would test their ability to govern. Now, that downturn is here — and the ultimate test, on the near horizon.

Meanwhile …

India, also heavily dependent on foreign demand for its goods, is suffering its worst export slump in recent memory. Overseas shipments plunged 12.1% in October and another 9.9% in November, forcing companies like Tata Motors, India’s biggest truck maker, and Hyundai Motor to cut output, fire workers and shut down factories.

Brazil, which was growing at a record pace until the third quarter, has suddenly frozen in its tracks. Much of the foreign money it counted on has vanished, leaving acute capital shortages in its wake. Auto sales have gone dead, leaving biggest-ever inventories of unsold cars. Credit, abundantly available just a few months ago, is now gone.

Japan has been slammed by its worst recession since World War II … with stock prices plunging to new 18-year lows … industrial output suffering the largest monthly drop since records were kept … Toyota reporting its first loss in 70 years … layoff victims filling tent parks … and worse.

Everywhere from Argentina and Mexico to Australia, New Zealand and even the once-rich Middle East, the worldwide debt crisis, the bust in commodities and the sharp slowdown in global trade are transforming massive booms into instant recessions.

It’s happening fast and it’s accelerating. Government rescue programs aren’t nearly enough to turn the tide. And it’s another key reason you must approach 2009 with great caution.

Stick with safety. Don’t veer from the course I have laid out for avoiding the dangers. Wait for the truly big price declines ahead before reinvesting!

Good luck and God bless!

Martin

[max_boost]

I got in 500 shares of HBU just to test it out after the drop in Gold prices.

Still sitting back on my HOU and waiting for $55-$60, then I will sell most of it and wait for a pull back. I'm excited as I will have made back all my stock losses in the past 3 years hehe

:D

[DJ_NAV]

^ You must be jumping for joy!

[max_boost]

You know how a gambler feels when he breaks even after being down and out? Yeah, that's me. :rofl:

[max_boost]

The Uranium stocks continue to rise. This is insane. PNP up 50%, MGA up 30% and LAM up 20%. Wow! How much higher can it go?:nut:

[badlivertt]

^ no kidding. It's not often that you can sell 10,000 PNP for 120% profit and still feel like a donkey for selling.

[civic_rida]

holy i should of bought that this morning :(

[DJ_NAV]

uranuim stocks are huge risks

[max_boost]

I use to be huge on Uranium stocks. I had URA, RGT, MGA, PNP, LAM, PDN, a whole whack of other companies hehe

And then I died a slow and painful death and just said fuck it and sold them all. :rofl:

[Z_Fan]

^
How many shares of HOD are you holding right now?

[civic_rida]

should be intresting to see if oil goes up again tomorrow.

[max_boost]

Originally posted by Z_Fan
^
How many shares of HOD are you holding right now?

None.

HOU on the other hand I have around 5000 shares after the consolidation hehe


Originally posted by civic_rida
should be intresting to see if oil goes up again tomorrow.

I sure hope so. Are you going to keep waiting on the sidelines? sometimes it just doesn't pull back. :devil:

[Inzane]

I sold my HOU shares today, at 15.75.

The price I paid a couple weeks ago worked out to 12.75 after adjusting for consolidation.

Not a bad little return.

[civic_rida]

im not baller enough to buy 5000 shares at 15.75 a piece lol

[max_boost]

No one is telling you to buy 5000 shares lol
It's not a race man.

There's still room to move. It's all in the reports anyway, continuing Middle East conflict (fear of it spreading), throw in a report about declining inventories and OPEC complying with cuts, BAM, $60 here we come! :devil:

My average cost is $13.10 and I'm holding out for $70-$80 oil price. Yes I am being greedy. :drool:

[Z_Fan]

Originally posted by Inzane
I sold my HOU shares today, at 15.75.

The price I paid a couple weeks ago worked out to 12.75 after adjusting for consolidation.

Not a bad little return.

I kept mine. I bought at the same price as you (give or take a cent)...

But I only bought 2000 shares originally...so I don't have a lot of money tied up in this...I sure wish I did though!

[Inzane]

Originally posted by Z_Fan
I kept mine. I bought at the same price as you (give or take a cent)...

But I only bought 2000 shares originally...

Good luck to you then.

I only had 2000 shares myself, but I decided to take my ~$1100 profit while I could. Didn't want to get too greedy.

Besides, I've got money spread out in other stocks right now, most of which also did nicely today.

[Z_Fan]

I was originally going to keep it until early 2009. And then buy RRSP with the money...but yeah, the $1100 profit was looking good today for a $5k purchase. ;)

[max_boost]

Hang in there boys, bigger profits down the road! :D

[SilverRex]

so 50 dollar oil target was hit easily, now can it hit 55?, the moment it does I will unwind all my position simply there is a case that 55 has a few supportive factors such is that it was a previous peak back in late november, as well as the 50day moving average although it has since moved to 53. I do believe sell off would be right around the corner.

obviously the long term target is 80 which is the fib retracement. Everyone loves the retracement factor. But before we go any higher, I would bet on prices to go low first again. The only thing would be is 35 the bottom? or can it dip to 25 or even 10 like the previous crash in the last decade.

Either way one thing is certain, oil will eventually rise to 80 and beyond. Some times it is difficult to sit on one position because it is such a kick in the face when price falls back to earth. Just like silver spot which I bought at 10.30, I was up nearly 60% until monday morning when silver droped from 11.70 to 10.70, I would so close to pull the trigger and had the desire to buy back low. A lesson learn here? Well thats what you get for sitting on one puny position.

as for gold, it dipped to 839 which coincidently is the 200ema, you cant underestimate this support (for the time being) while 808 remains to be the ultimate short term low, I believe gold is about to turn around now since the dollar index had just touched 84, and I suspect the turn around with the dollar index will only signal another run for gold. Will gold finally hit 920? we'll see.

happy trading

[bigbadboss101]

GCE and BNK huge moves the last two days.

[SilverRex]

looks like oil is struggling to maintain above 50, even if it does suddenly surge the sell off between 50-55 is probablly pretty strong.

I sold all my position. I am going to wait, the line is about to break around 48 with negative divergence making the break below quite significant and when it does next floor will be around 45 then 41.

I will buy back between 39-41

gold even though it dip lower, but it tested 839, so the moment price can re-break 850, the next wave or attempt to break 890 will begin

;)

[ExtraSlow]

Has anyone been able to trade HOU since the 1:5 split? I can't, and Credential Direct, my broker, is saying:
"Thank you for your Email.

This stock is presently under re-organization. Until we receive confirmation about the exact details from the transfer agent responsible for this security we cannot update the account. Once we have this confirmation your account will be update. Please be advised that it is not unusual for this process to take a couple of weeks.

Regards, Credential Direct® Support"

Crap, I was looking to unload some and lock in some gains.

[DJ_NAV]

^That sucks!!!... call and demand the order.

Gold and Oil up.... this should be good for most people.

[SilverRex]

^

hmm I trade TDwaterhouse and I was able to sell my order for a good 30% profit :)

hopefully oil will come down

gold is looking good for 920 here we come

[RX_EVOLV]

I got a question. I want to sell HOU but bmo is telling me I cant sell it electronically since it was recently consolidated.. anyone know how long i have to wait until I can trade?

I tried to call them on the phone but I was on hold for a long time and I had to get back to work where there is no cell phone reception

[RX_EVOLV]

i shoud've read the above posts haha damnit

[max_boost]

HOU is updated on my TD but not the HSBC or RBC accounts.

I have a feeling Oil is waiting to explode and not retract.

:D

[Z_Fan]

Either way, it can pull back quite a bit from where it is now and you should still be ahead of the game...I was tempted to sell it this morning at open.

But didn't. Cuz I'm gonna stick to my plan and see what happens.

[civic_rida]

Wont oil go up huge come summer time when demand is greater.

[max_boost]

“The market is way overpriced at this point,” he said. “Fifty dollars is probably a pretty good psychological resistance point, and once it broke through, it started to drop.”

Stockpiles at Cushing, Oklahoma, the delivery point for New York futures, last week were 541,000 barrels below a record 28.7 million barrels set the week of Dec. 19.

The U.S. Energy Department is scheduled to release its weekly report on inventories of crude oil and fuels at 10:30 a.m. tomorrow in Washington.

:drama:

[civic_rida]

No kiddin.

[DJ_NAV]

both and HOU and HOD in the red at the end of the day.... sometimes the ETF's dont make sense.

[bigbadboss101]

No doubt. I had HOD for a few days and it kept dropping. Seeing oil price on the incline I sold HOD and got HOU. It then turned south. Been like that for me for a while. Might be a sign.

[kenny]

Originally posted by DJ_NAV
both and HOU and HOD in the red at the end of the day.... sometimes the ETF's dont make sense.

They're traded like any other stock during the day.

[max_boost]

Originally posted by bigbadboss101
No doubt. I had HOD for a few days and it kept dropping. Seeing oil price on the incline I sold HOD and got HOU. It then turned south. Been like that for me for a while. Might be a sign.

I think that's how it is for everyone. Just stick to one and ride it out!


Originally posted by DJ_NAV
both and HOU and HOD in the red at the end of the day.... sometimes the ETF's dont make sense.

Just down by $0.02 and $0.01 respectively. Considering Oil was just hovering break even towards closing. :dunno:

Everyday is an interesting day when you are watching the markets this closely. :drama:

[broken_legs]

OIL GOING DOWN DOWN DOWN DOWN DOWN

[civic_rida]

bad start to the day.

[broken_legs]

oil inventories rose WAY more than expected.

The Messiah (Obamma) is about to speak

Everything is still f'd up.

:dunno: Why should things go up?

[SilverRex]

glad I sold HOU at 16 yesterday since technically it broke the uptrend and falling back to 45 was inevitable, but now i have to debate if it will fall further to 39-41 support line.

I may re-open a position around 44-45 and another around 41.

:D

[bigbadboss101]

Originally posted by SilverRex
glad I sold HOU at 16 yesterday since technically it broke the uptrend and falling back to 45 was inevitable, but now i have to debate if it will fall further to 39-41 support line.

I may re-open a position around 44-45 and another around 41.

:D

I am NOT glad I sold HOD and got into HOU.

[bigbadboss101]

Argh! It's pretty crazy out there. Trade carefully:banghead:

[civic_rida]

its only crazy if your lookin short term.

[tentacles]

Welp. Stayed in HOU a little too long, didn't I? :facepalm:

[Z_Fan]

I decided to sell HOU this morning, against my decision to keep it long term. I was just thinking, take the profit off the table and don't look back. And I was quite happy with my sale, not like sometimes where I wonder if I should have sold it or not.

So, I sold it, and took my kid to day care. Came back, and it's down nearly $1.60 per share from where I sold it. (It went further)

Anyhow, I decided to buy back my original shares at $1.42 less per share at what I sold them just an hour ago at...and I'll try to ride this to my original goal. I think it's just an over reaction (as usual) to the inventory levels. It's going to go up eventually, so think down the road half a year or so and it's going to be higher...

I guess we'll see, either way, I rode the fall last time and it still went back way up...so if it falls again, I'm not too worried. And it only took a few weeks to turn around. :dunno:

[civic_rida]

i bought some shares at 13.25

[broken_legs]

Bought DXD at the open today, HOD just as the numbers came out on the oil inventory.

I see the dow couldnt hold above 9000

I think we go down some more

Obammas speach today was not exciting or awe inspiring, it was frank and to the point that theres going to be huge deficits and the economy is fooked.

[SilverRex]

I bought back half my position in which I sold everything yesterday morning. I will savor some cash for the potential dip to 39-41 and of course more if it dips lower but 44 and 39 are the last two support before it turns bearish towards 30 again.

;)

EDIT: also just picked up some HGU around 10.50, knowing for the last while it has been tradeing between 10-14, I suspect this is a good place to enter if gold does suddenly make a run towards 900. Of course

if it does not then gold has the downside risk towards 808 which is fine with me as I have been waiting for a bargin to kick in