Official Short-term Investments Thread

[Jlude]

Lululemon Stock is up 14%! hahahaha

Bought it just before it started to rise again. I'm up 424 dollars!

That and a bit of money riding on oil.. is the extent of my stock gambling.

[e36bmw///]

nm

[max_boost]

DAMN, wiped out my HOU profits in one day. $12K, all gone up in the air. Had I sold yesterday and bought in today, I would look like a genius! lol I had a feeling things were going to go sour with the inventory report. I mean not much has changed other than the Middle East stuff.

Anyway, I am hovering around break even on HOU. Time to back up the truck if it drops some more.

[bigbadboss101]

I agree with you. Instead of jumping from position to position. I jumped from HOD to HOU couple days ago. Had I stayed in it would be couple G profit on HOD. Instead I sold and took a lost on HOD, got into HOU and is at a loss there. Will keep this time instead of jumping. Looking longer term.

[Z_Fan]

I was thinking of you max_boost when HOU tanked this morning.

:(

[max_boost]

Originally posted by bigbadboss101
I agree with you. Instead of jumping from position to position. I jumped from HOD to HOU couple days ago. Had I stayed in it would be couple G profit on HOD. Instead I sold and took a lost on HOD, got into HOU and is at a loss there. Will keep this time instead of jumping. Looking longer term.

I hate it when that happens so I just stick to one position. I can't remember which member it was who was trying to hedge himself with the ETF's, he bought the bull AND the bear and was still down. HA!


Originally posted by Z_Fan
I was thinking of you max_boost when HOU tanked this morning.

:(

Thanks bro. It was only 2 weeks ago I was down $15K so I'm thankful to be only down slightly right now. I'm hoping this is just an over-reaction and things will bounce back and then I'll be in the + again hehe

[SilverRex]

Originally posted by max_boost



Thanks bro. It was only 2 weeks ago I was down $15K so I'm thankful to be only down slightly right now. I'm hoping this is just an over-reaction and things will bounce back and then I'll be in the + again hehe

like I said weeks ago, the buy and hold will not work in today's market because of the high volatility, you will be better luck going short term until things stabalizes (which could take a while)

you look at how oil prices did in the last 2-3 months and instantly you will see that it makes a move to a certain point then sells off to a trendline, the trendline will hold to a certain point then it breaks, and when it does it heads much lower. Its been doing that repeatedly,

I was like you too a few months ago but then I caught on, you just have to take the profits off the table and wait for it to pull back, and it has been continuely doing so months.

the recent drop was not just because of the high inventory, it was also the the potential gaza war coming to a truce. No war, = bad for oil.

then again you will ask, if oil price is driven by world events, then what good is technical analysis, well let me tell you, if someone didnt know something ahead of time, or if the gaza fight continues to intensify, you can rest assure that oil price would have not broke the trendline yesterday morning below 48 and had push higher towards 53 which was my short term target.

but someone, some where knew something, and the technical break was a signal couple that it was sort of overbought nearterm, it was only a matter of time until it falls back to 45 and also 41.

im glad oil came down, and the lower the better so I can buy more. But I also feel your pain if your holding and seeing your profits evaporate. Try not to sit on one position, when your up you should have sold half, dont underestimate the return even with half of your investment in HOU when oil goes back to 70 dollars.

I always like to set myself up with at least two position, one for long term and one for trading the dips, and if things look overbought, I'll wait for a technical trigger point.

:rolleyes:

[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.

Oh oooh oooooh, did anyone else gamble?:bigpimp:

135% increase is not too shabby.

[max_boost]

DVT
Volume: 29,812

Fuck I am going to be bidding against myself. :rofl:

[SilverRex]

interesting read

http://news.goldseek.com/GoldenJackass/1231348341.php


anyhow the silver triple bullish hammer is looking very good here. Something is about to happen and I hope we can witness an explosive move on the precious metal soon.

and looks like 44 dollar is having a hard time holding for oil, next stop could be 39-41 and this will bring HOU back to its knees. which is around 10 dollars. Thats where I will double up

[Z_Fan]

HOU really tanking now. LOL!

[DJ_NAV]

ARGGHHH!!!.. this is frustrating.. i was feeling good yesterday and today its in the shittt big time.

[civic_rida]

holy shit man its tanking :(

[max_boost]

Yeah it's free falling now.

SilverRex, I get it now. I see what you are saying.

I just sold 4000 shares I bought pre-consolidation at $2.08. I took my $920 profit and called it a day. The rest I'm holding out for the big picture anyway.

[civic_rida]

4000 shares so you have 1000 left in hou?

[DJ_NAV]

order put in for YRI buy at 8!... can't believe its tanking this hard.... debating to cancel my order and put a lower one in. Silver.. you buying some more of YRI???

[max_boost]

4000 pre-consolidation so that's 800 shares. I still have 4200 shares.

So SilverRex, when you sell one of your positions and the stock tanks again, you buy in again, do you invest the whole amount including gains from the last sale or just the principal?

$8300 principal
$900 profit
$9200 total

Keep $900?

[SilverRex]

Originally posted by DJ_NAV
order put in for YRI buy at 8!... can't believe its tanking this hard.... debating to cancel my order and put a lower one in. Silver.. you buying some more of YRI???

i bought HGU instead, gold either is going to make a rebound between 830-850 or it will test 808 for sure.

in which case I'll buy more when HGU is at around 7-8 bucks.

same with oil, buy points were at 44-45 and 39-41

I know how sickening it is to watch a day like this but hey, no drop means no opportunity.

[SilverRex]

Originally posted by max_boost
4000 pre-consolidation so that's 800 shares. I still have 4200 shares.

So SilverRex, when you sell one of your positions and the stock tanks again, you buy in again, do you invest the whole amount including gains from the last sale or just the principal?

$8300 principal
$900 profit
$9200 total

Keep $900?


I always take the profits off the table man, you just never know when you might just need the extra cash. Thats what I learn trading in the past 10 months, I often find myself tempted to double down so hard that price went even lower and had I got the funds to buy more I would have been sitting alot prettier.

Unless your trading forex, which the cash I will just leave inthere because it keeps me away from margin call

[max_boost]

I see what you are saying, thanks for the info, SilverRex. Looks like I have to get those reserves ready that I was initially planning for $35 oil but it didn't materialize. We could be heading there very soon. :devil:

I'm still :rofl: on 89coupe's 135% return on DVT.

It's average volume is under 100,000. Today the volume is under 30,000. When he recommended it, the stock was at $0.20

We would be bidding against each other driving the share price up. :rofl:

[DJ_NAV]

^How much did you end up getting HGU for?

[e36bmw///]

nm

[roopi]

Originally posted by e36bmw///
is tehre anywhere i can get free real time TSE quotes?
Google has NYSE real time, but not toronto

i use CIBC investors edge, and its 15min delayed tio

That seems really odd. If you have an account with a discount brokerage they normally provide real time quotes. I have a TD Waterhouse and RBC Action Direct account and they both provide real time quotes for free. You may want to look into this. Also I just saw this on the CIBC site that does say that Investor's Edge does provide real time quotes:
https://www.investorsedge.cibc.com/ie/benefits/investment-tools.html

[broken_legs]

FINALLY! Got my RSP loan into my trading account today... took forever.

DXD was up 5% today, I got about 2.5% of that.

HOD was up 24% Im up 10% on HOD today.

Check the Vix out. Big spike in volatility today.

[Inzane]

Originally posted by roopi
That seems really odd. If you have an account with a discount brokerage they normally provide real time quotes. I have a TD Waterhouse and RBC Action Direct account and they both provide real time quotes for free.

I use RBC Direct Investing, and they do not give "real time" quotes as far as I can tell. They are typically ~15-20 minutes behind (and even tell you as much in a little header note). :dunno:

[Inzane]

Originally posted by SilverRex
like I said weeks ago, the buy and hold will not work in today's market because of the high volatility, you will be better luck going short term until things stabalizes

you just have to take the profits off the table and wait for it to pull back, and it has been continuely doing so months.

Which is exactly why I dumped my HOU shares the other day.

My 15.75 is looking pretty damn good now eh Shawn! ;)

[Z_Fan]

I sold mine too. Took the profit that I could and ran.

I did buy back in, but bailed on that very quickly when the writing was on the wall. So I have no shares of HOU at the moment.

[roopi]

Originally posted by Inzane


I use RBC Direct Investing, and they do not give "real time" quotes as far as I can tell. They are typically ~15-20 minutes behind (and even tell you as much in a little header note). :dunno:

I do see that it says that the quotes are delayed however I've compared the quotes when you actually go to place your trade with TD and RBC and they are exactly the same. Also when comparing a regular TD account with an Active Trader account you can see the quotes are real time.

There is no way the RBC quotes are delayed because when I place an order I can see it instantly pop up on the bid/ask when I get another quote.

[Canmorite]

Most notable thing to take away from today was the spike in the VIX I think. Could see further downside from here with VIX over 40.

[broken_legs]

Originally posted by Canmorite
Most notable thing to take away from today was the spike in the VIX I think. Could see further downside from here with VIX over 40.

Are you watching Fast Money right now? :D


EDIT:

Anyone know of an ETF to go short financials?

All I can find is the SKF... Which has a pretty interesting lookin chart actually

[Canmorite]

Originally posted by broken_legs


Are you watching Fast Money right now? :D


EDIT:

Anyone know of an ETF to go short financials?

Nope haha. Can't stand CNBC, fast money is the only show I'll watch and thats not often. Bloomberg ftw.

Try SKF or SEF.

[in*10*se]

ummm... what happened to hou.to?

i've been on vacation w/o internet....

it was at 2 bucks at dec 22ish and it shot up to 16?! what happened?

[roopi]

Originally posted by broken_legs

Anyone know of an ETF to go short financials?


HFD.TO you can view the details here:

http://www.hbpetfs.com/fundSummary.asp

[roopi]

Originally posted by in*10*se
ummm... what happened to hou.to?

i've been on vacation w/o internet....

it was at 2 bucks at dec 22ish and it shot up to 16?! what happened?

Reverse split. Every five shares you owned became one.

[Pacman]

Originally posted by broken_legs


Anyone know of an ETF to go short financials?

All I can find is the SKF... Which has a pretty interesting lookin chart actually

I have been playing SKF (both options and the underlying stock) for quite some time. I can never seem to get the timing right on that one.

[in*10*se]

Originally posted by roopi


Reverse split. Every five shares you owned became one. \


ooh aight thx for that.

[max_boost]

I hope it's just an over correction on the oil price. You guys are going to be scrambling to sell your hod tomorrow! :devil:

With that said, I have a buy order for 300 shares of hou at $10.00

Have to start averaging down again and increasing my positions for the ultimate ride up. I didn't think it would drop below my average price ($13.00) :facepalm:

[broken_legs]

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HBP Energy Bear+ E.T.F. HED-T
HBP Energy Bull+ E.T.F. HEU-T
HBP Financials Bear+ E.T.F. HFD-T



I'm doing some ETF shopping for my RSP investment account. I can't short, I can't buy options, so ETFs seem like the best way for me to take advantage of the volatility.

I dont want exposure to currencies so I got a list of all (well all of the ones I found) the ETFs in Canada.

I'm considering getting into water. My thesis is that the big financial explosion of late has caused many citys to grow too fast and now that things have slowed down they can catch their breath and start building the water related infrastructure to catch up.

Also looking at Natural gas (and oil of course).


Anybody else on here into some exotic (not HB/HO/HG U) etfs?

[broken_legs]

hahahha

my DXD purchase yesterday is looking GOOD


WALMART MISSED!!!!!


EDIT:
OH


And Jobless claims numbers for the US are out in 30 minutes before the market opens.

If they are like the ADP numbers, anything greater than 500,000 we could be looking at another ugly day (for everyone else) and another good day for me :bigpimp:


GAP missed big too...

[broken_legs]

Just got some SKF in pre-market just in case


Jobless numbers are out and they are down? only 467,000

Maybe we can rally now? nah

and oils at 41


TD Ameritrade bought TOS!

[SilverRex]

so oil indeed is already here at 41, I thinkl momentum can take it to 39 in any case given the circumstance 39-40 area should hold. Of course I have to say never say never but the last 3 similar set up in the past months is any indication, I suspect a rally once the 39-40 level is hit.

I myself will enter another position here.

as for gold, though gold and silver is holding at an important level. however technically gold shares is pointing to some weakness but the triple hammer on silver at around 11 tells me anything under gets pushed back above instantly, something tells me the gold at around 840-850 should hold and if gold can re-break above 850 and a nail in the coffin to hit above 860, then we have a clear hold and lift off

this should send gold shares back up at least short term for one more run and I hope HGU will go from 10 to 13-14 at least one more time.

Good luck :)

[SilverRex]

hold on to your horse, I need HOU to shed another 10% to 10 dollars. 39-40 oil

[broken_legs]

Originally posted by SilverRex
hold on to your horse, I need HOU to shed another 10% to 10 dollars. 39-40 oil


I have orders at 10.00, 9.75. 9.50, and 9.25
:poosie:

Im working nights so I can't sit here all day and watch it! So Stressful hahaha

[SilverRex]

Originally posted by broken_legs



I have orders at 10.00, 9.75. 9.50, and 9.25
:poosie:

Im working nights so I can't sit here all day and watch it! So Stressful hahaha


interesting orders, may I ask why just 0.25 cent gaps? considering if 39 oil wont hold, it will no doubt crash to 35 which a 4-5 dollar drop in price can translate to HOU shedding another 20% so if 10 dollar did not hold, wont you think the next place to be is 7-8 dollars?

[DJ_NAV]

anyone selling HGU? I just bought a good chunk yesterday at 9.6

[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.


Originally posted by max_boost
DVT
Volume: 29,812

Fuck I am going to be bidding against myself. :rofl:

132% yesterday, 225% increase today!

[DJ_NAV]

woww!! that is great!

[SilverRex]

wow oil just wont want to break below 40, if anything there is always a chance that the 40.7x is probablly as low as it will get considering the 40-41 area is quite the support/break in the last few weeks.

It happened before back in November I think when the trendline interciding were at 41 if I remember correctly, and it only got as far as 42 and completely reverse and headed back to 50

so you can draw a case in point that oil may hold at this level and will head up from here.

But il will not change my order as I have already enter at around 44 thus, it only makes investment sense that if I do not see low 10 dollar HOU I will just keep my existing position.

So HOU so far only touched 10.66 today.

I sure hope I can get it between 9.8-10.25 but if I dont I'm not going to sweat it ;)

[roopi]

Originally posted by 89coupe




132% yesterday, 225% increase today!

Are you referring to DVT.TO? I see a low of .55 and a high of .65 today (or am I looking at te wrong stock?)

[roopi]

Sorry double post.

[89coupe]

Originally posted by roopi


Are you referring to DVT.TO? I see a low of .55 and a high of .65 today (or am I looking at te wrong stock?)

Yes DVT.to

the percentages I'm referring to are based on my original buy of .20 cents.

[SilverRex]

ok im getting emotional here,

if oil does dip to 40 bucks so be it. whats a dollar swing if I'm in this back to 45-55 oil

I just bought some at 11 phuck it lol :D

that triple test at 41 in the lower level chart conviced me that this should be it (short term) :nut:

if course I should have waited for confirmation that if oil can get back above 42 then we are laughing

but hack sometimes HOU doesnt wait and it moves minutes before oil prices move. considering HOU was over 16 a few days ago, 11 loooks good to me

[89coupe]

HOU hey, hmmm.

Thats a great looking curve. :rofl:

http://www.bradstaylor.com/images/hou.jpg

[max_boost]

Originally posted by 89coupe




132% yesterday, 225% increase today!

How many shares do you have?

I still don't like these low volume stocks, look at the bid ask, it's $0.62 and $0.69

Average volume: 80,000

WhotheEFFF is going to buy it when I go to sell? Are you and your buddies inflating the price by buying each others shares? Me and SilverRex could get in there and drive it up too and then tell everyone, look, 200% returns!

[max_boost]

Originally posted by 89coupe
HOU hey, hmmm.

Thats a great looking curve. :rofl:

http://www.bradstaylor.com/images/hou.jpg

Buy low and sell high. You think oil is going to stay at $40 forever? :nut:

[89coupe]

Originally posted by max_boost


How many shares do you have?

I still don't like these low volume stocks, look at the bid ask, it's $0.62 and $0.69

Average volume: 80,000

WhotheEFFF is going to buy it when I go to sell? Are you and your buddies inflating the price by buying each others shares? Me and SilverRex could get in there and drive it up too and then tell everyone, look, 200% returns!

Enough that I'm very happy ;)

You do know who Divestco is right? If you don't, do a little research and then you might realize, wow, this might be the time to buy.

[civic_rida]

got hou at 10.75

[dj_honda]

Originally posted by 89coupe


Enough that I'm very happy ;)

You do know who Divestco is right? If you don't, do a little research and then you might realize, wow, this might be the time to buy.

divestco's chart looks the same if you expand it to the same time period that you are looking at hou. not that i own either.

[89coupe]

Originally posted by dj_honda


divestco's chart looks the same if you expand it to the same time period that you are looking at hou. not that i own either.

The difference is, you don't see massive volumes of shares being sold off by Divestco share holders.

FYI, Divestco is the industry leader for Geophsical, Geological, Land, & Engineering support for Oil & Gas companies.

[max_boost]

So I should pump 30,000 shares into this bad boy?:devil:

[max_boost]

Originally posted by 89coupe


Enough that I'm very happy ;)

You do know who Divestco is right? If you don't, do a little research and then you might realize, wow, this might be the time to buy.

Enough to make you forget about 2008? :devil:

The same can be said for a lot of stocks too.

[DJ_NAV]

just hoping for HOU to go up now!

[Canmorite]

I lol'd

The crown jewels of Goldman's software!

#ifdef POWER
if ( asset.value() < capital.critical() && asset.beneficial_owner() == Bank::goldman ) {
Target cueball = new PhoneCallDestination(USA::Treasury, priority=highest);
Target rentboy = new PhoneCallDestination(USA::Fed, priority=highest);
Target darth = new PhoneCallDestination(Coruscant:ick, priority=highest);

ConferenceCall c = new ConferenceCall();
c.append(cueball); c.append(rentboy); c.append(darth); c.append(self);
c.encrypt(true);
c.talk();
c.promise(new LucrativeJob(), new LucrativeJob(), new Lucrative Job());
c.close();
Propganda p = new MediaDistribution();
p.append(GE::CNBC); p.append(Rupert::WSJ); p.manipulate(USA::Congress);
Conduit booyah = new ConduitIncoming(limit=MAX_INT);
booyah.connect(GS::gs,USA::all());
assert( is_bailout() == true );

asset_set.recalculate_full();
}
#endif // it's good to be the King!

[broken_legs]

Originally posted by SilverRex



interesting orders, may I ask why just 0.25 cent gaps? considering if 39 oil wont hold, it will no doubt crash to 35 which a 4-5 dollar drop in price can translate to HOU shedding another 20% so if 10 dollar did not hold, wont you think the next place to be is 7-8 dollars?


Because HOU is traded like a stock and I have NO IDEA what the corresponding price in HOU will be to the 39 dollar price in oil. It's supposed to return 2x the percentage moves of oil, but i find that it is more volatile.

I just got out of bed and nothing, so I will wait and see what happens

[max_boost]

$39 oil and we'll probably see $9 HOU.

I changed my buy order midway to $10.50 but the lowest it got to was $10.58

We'll see what tomorrow brings. :drama:

[broken_legs]

Originally posted by max_boost
$39 oil and we'll probably see $9 HOU.

I changed my buy order midway to $10.50 but the lowest it got to was $10.58

We'll see what tomorrow brings. :drama:


Well oil from 41.52-->39.00 is an 8% drop

So HOU should drop 18% theoretically. By my calculations that puts it at 9.64.

But then again, it trades on bids and asks so it could go lower.

I have buys at 10.00, 9.75, 9.50 and 9.25

Its just a position not the entire bank roll

[Canmorite]

Originally posted by broken_legs



Because HOU is traded like a stock and I have NO IDEA what the corresponding price in HOU will be to the 39 dollar price in oil. It's supposed to return 2x the percentage moves of oil, but i find that it is more volatile.


2X the INTRADAY movement of Oil, not 2x long-term.

[max_boost]

Originally posted by broken_legs



Well oil from 41.52--&gt;39.00 is an 8% drop

So HOU should drop 18% theoretically. By my calculations that puts it at 9.64.

But then again, it trades on bids and asks so it could go lower.

I have buys at 10.00, 9.75, 9.50 and 9.25

Its just a position not the entire bank roll

Low trader fees? I usually just get 1 position for the day.

[broken_legs]

Originally posted by max_boost


Low trader fees? I usually just get 1 position for the day.


9.99

[broken_legs]

This HOD is the way to be this morning, up another 8%.

Jobs number out from the US 550,00 non farm job losses...

cancelled my buy orders on HOU, im not convinced that oil is going to find legs at 39 dollars anymore. Its just too volatile to have open orders in the market while im sleeping haha

[bigbadboss101]

Blunder of the week for me. Start of week I sold HOD and got into HOU. At the time they were both 15.xx.

[civic_rida]

screw hou keeps going down

[e36bmw///]

nm

[SilverRex]

this is it boys,

either oil price will make a move up from here, if the trend breaks then 35 could be in the works.

I thought I was patient enough and had looked pretty good getting out at 16 HOU and back in at 13 and 11, but now that it is 10 it does make my spine shiver.

needless to say if it does hit 35 HOU would mean probablly in the 7s, I'll double up my position again :)

gold is still finding support at 850, so either the bull is going to win at 850 or the bear will win shorting at 860. Because 850 gold continues to hold and silver still looks bullish, I'm keeping my HGU, was thinking of unloading it and move the cash on stand by incase oil dips further

but as long as gold holds above 835, I'll let HGU play out.

:)

[DJ_NAV]

good call on HGU... i sold mine yesterday for a quick profit.

[civic_rida]

Its all cause of the job loss report.

[DJ_NAV]

Which is the real oil price do people talk about when they say oil price?? Brent crude or WTI crude??? I am guessing it is WTI as it is around $40 right now.

[civic_rida]

yea seems to be holding at 40 dollars.

[Canmorite]

HOD looks good for a short, need confirmation. Tight stops as always.

[broken_legs]

Originally posted by Canmorite
HOD looks good for a short, need confirmation. Tight stops as always.

head n shoulders?

[broken_legs]

OK

Just sold my HOD and bough some HOU


I saw a little double bottom in HOU at 10.20 so I bought at 10.32 and 10.40

Looks like it was a good play :D

[Canmorite]

Originally posted by broken_legs


head n shoulders?

Na I just think the long-term move for HOD is over. Saw a large decline from the 29th to the 5th, a return move, and now it looks like it's running out of steam again. No signal yet but we'll see.

[SilverRex]

^ it will be even a greate play if oil can get back above 41 because that means it broken the down trend that forced it from 42 to 39 in the first place.

then I would say 39 has officially held ;)

[e36bmw///]

nm

[SilverRex]

^

yes I am a technical analysis guy, sure any major event could push oil either way.

I think its more like 40-50 dollar oil for abit. if 39 today didnt hold it would have gone straight back down to 35 or possibly lower.

but the 1st trendline that it hits around 39.50 usually holds the 1st time around. I do see short term 35 oil had bottomed and the fact that it broke above 41 convincingly only suggest it to become a very good support and place to enter once price falls back down

if and when both support and trendline are broken, then it will become bearish again

[e36bmw///]

nm

[e36bmw///]

nm

[bigbadboss101]

You guys know of a good stock quote site for Blackberry's to access?

[dj_honda]

Originally posted by e36bmw///
damn, lol im pissed

i had HOD for sale at 23.40, but it only hit 23.32
8c short

Sold it anyways. Dont want to keep anything over the weekend haha, too much stress

the highest i see it hit was 23.23....



Originally posted by e36bmw///
seriosly tho, is there anywhere i can get real time TSX quotes for free

Google provides free NYSE quotes, but no tsx

what broker do you use? maybe look into what they have. td has a real time quote on their website with waterhouse....

[roopi]

Originally posted by bigbadboss101
You guys know of a good stock quote site for Blackberry's to access?

http://mobile.bloomberg.com/

[broken_legs]

Sold out of 66% of my HOU position towards the close.

Made out with a nice intraday gain of 134 dollars! haha

DXD is up about 8% since I bought it on Wednesday

[max_boost]

Crazy.

I can't flip back and forth from HOU to HOD like you guys. It's too much for me to handle. My buy order got filled for HOU at $10.50 so I'm sitting on that. It'll be an interesting weekend, hell it's always interesting. I would love for a bullish run up next week but whotheefff knows what news they are going to release next. :nut:

[bigbadboss101]

I am hoping for a big big increase in oil prices. Yeah not sure about flip flopping because you might get hit on both like I did.

[yoda124]

anyone jump into NT today?I'm in for 100k shares at .47 at the close.

[aklalani]

Originally posted by max_boost
Crazy.

I can't flip back and forth from HOU to HOD like you guys. It's too much for me to handle. My buy order got filled for HOU at $10.50 so I'm sitting on that. It'll be an interesting weekend, hell it's always interesting. I would love for a bullish run up next week but whotheefff knows what news they are going to release next. :nut:

same here man. had my order fill at $10.00 for hou on yesterday. hoping this week we get a bullish run. holding almost 6000 shares now at an avg price of $11.50

[civic_rida]

seems like things in gaza are heating up again we might see a run to 50 dollars.
6000 shares you might see a nice profit.

[max_boost]

If we make it to $50 again, I'm going to sell half my position. This time I am dead set on doing so and wait for a pull back before re-buying. I had two chances previously to do so and failed to pull the trigger. I then sadly watch things crumble down.

But wait, is the 3rd time the charm? Will it close above $50? Will OPEC release some news that will trigger it to go above $50 and possibly to $55? Or will the bad news continue to come out and we'll see $35 first? Anyone's guess........:dunno:

[aklalani]

Originally posted by civic_rida
seems like things in gaza are heating up again we might see a run to 50 dollars.
6000 shares you might see a nice profit.

hope so. make a quick $5-$10ish per share. dump and rebuy lower hopefully. its just gets so hard to dump em when your at the price. get too greedy

[broken_legs]

Saudi to cut output below OPEC target: Reuters
PEG MACKEY and SIMON WEBB
09:30 EST Sunday, Jan 11, 2009
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LONDON and DUBAI — Top exporter Saudi Arabia plans to cut oil output by up to 300,000 barrels per day below its agreed OPEC target – a pro-active step to prop up a collapsing market, industry sources said on Sunday.

OPEC's most influential member has lowered supply this month to 8 million bpd, meeting its target under OPEC's pact to reduce overall production by a record amount from Jan. 1.

But strict Saudi discipline has failed to boost oil prices – which at close to $40 are far from the $75 a barrel named by Saudi King Abdullah as a fair price. So Riyadh is prepared, from February, to go beyond what is required by OPEC, the sources said.

“We've been told Saudi Arabia will cut to about 7.7 million in February,” said a senior oil executive. “They want to prevent a huge stock build up and a further decline in the oil price.”

The kingdom had increased production unilaterally to about 9.7 million bpd in August last year to calm an oil market that had shot to a record of nearly $150 in July.

But by February, it will have reduced its supply to world markets by a fifth as recession steadily erodes demand for fuel. Refiners in Asia were expecting to receive the lowest Saudi crude shipments in five years and buyers in Europe and the United States also were set for substantial cuts.

Some trade sources have told Reuters the reduced volumes were as much as they needed.

Saudi officials could not be reached for comment.

Sources said it was too soon to tell whether Saudi Arabia was again anticipating wider action by the Organization of the Petroleum Exporting Countries or whether it was acting alone.

OPEC, which pumps nearly a third of the world's oil, is scheduled to meet again in March.

The decline in demand because of a slower world economy is likely to be exaggerated by then – at the start of the second quarter – when consumption typically weakens after the northern hemisphere winter.

Saudi policy-makers hope prompt action will lessen the impact of a big increase in inventories as energy use contracts.

“They clearly think there's an issue with demand, so they're doing something about it,” said an oil industry source.

The kingdom is shouldering by far the biggest part of the OPEC supply curbs.

OPEC agreed last month to cut output by a record of 2.2 million bpd, taking total curbs since September to 4.2 million bpd, roughly equivalent to 5 per cent of global oil supply.

Even before the 12-member exporter group announced its latest supply cuts on Dec. 17 in Algeria, Saudi Arabia had informed its customers they would receive significantly less crude in January.

Saudi Arabia and other producers typically tell customers several weeks in advance how much crude they can expect to receive.

Other OPEC producers – Iran, the United Arab Emirates, Kuwait, Angola, Algeria and Libya – have also cut supply.

[broken_legs]

Watching CBS 60 minutes right now.


The show is aboutt he speculation that drove the price of oil.

in the months leading up to and before the big spike in prices the IEA actually reported that supply was going up and demand was going down (start of recession)


For every single barrel of oil that was actually delivered there were 27 barrels traded each day on the Nymex.


The amount of money in the futures market went from 30 Billion to over 300 billion in less than 2 years.


etc.. etc...

It was not supply/demand that drove the price

I think were going to see oil under 50 for a while.


Goldman Sachs and Morgan Stanley both own huge stakes in integrated oil an dgas companies and own thousands of miles of pipeline in the US. Sooooo when oil goes up the profits of the businesses that GS and MS owned went up.

AND it was GS and MS that put out those predictions of 150 and 200/barrell. Does anyone see a conflict of interest there??

Now they are comparing the deregulation of the futures market to the deregulation of the energy market which Enron supported. Basically the spike in oil was similar to the spike in electricity prices driven by the traders that work for Enron.