Official Short-term Investments Thread

[civic_rida]

Holy this doesnt sound good.

[max_boost]

Back up the truck boys. Or switch to HOD! :rofl:

[broken_legs]

Oil is selling off over seas.... off 1.90

Glad I dumped most of that HOU, im sure I will be selling the rest at a loss this morning when my trainling stop triggers at the open.

Will probably be taking a position in HOD again as I believe that oil should go down to 27 dollars. But then again, 90% of the worlds oil trades on the Nymex so the direction could reverse when the market here opens.

Futures on the dow are looking negative, nothing exciting happening over seas either.

EDIT:

Actually Asia had a 2% sell off....

[broken_legs]

............And Oil just broke 39.00 Off 2.00 even now.

[SilverRex]

Originally posted by broken_legs
............And Oil just broke 39.00 Off 2.00 even now.

Yes, unfortunately the trendline that I thought suppose to hold has been broken, and now oil looks bearish and will at least hit 35-37. and the weekly MACD is getting close to crossing over, if the bottom is not at 35 surely it is some where between 25-30, in any case I'm going to pick up more at 35 then 30. Thats why its always important to have the cash on the sideline in case things like this happens, if you ask me I'm actually excited that oil would dip lower because the lower it gets the more return in the long hual ;)

as for gold, so the bear forces won shorting at around 860, and since 835 could hold up, next stop is 800-810

luckily I decided to sell HGU on friday, giving the hammer on the charts doesnt look too good.

I say buy back point for gold is now at 808 and 770

and silver I sold half of my position, and I suspect we may see just below 10 dollars that would be my target entry.

so it does appear the the metals were overdue for a pull back, lets hope this is healty before seeing the next rally.

This is probablly caused by the fact the dollar still has strength left, its not completely dead.. yet.

[yoda124]

Originally posted by yoda124
anyone jump into NT today?I'm in for 100k shares at .47 at the close.

NT looking awesome today again :rofl:

[broken_legs]

Rejected by ECN!

My VTSO was rejected because it triggered my market order during opening rotation! Super Gay!

Ended up selling my remaining HOU at a 10% loss. Gay.

Bought into HOD and im up already and covered my loss on HOU.

DXD is up 8 % since I got in last week. If the DOW breaches 8500 i think its going to go further.

[max_boost]

Originally posted by SilverRex


Yes, unfortunately the trendline that I thought suppose to hold has been broken, and now oil looks bearish and will at least hit 35-37. and the weekly MACD is getting close to crossing over, if the bottom is not at 35 surely it is some where between 25-30, in any case I'm going to pick up more at 35 then 30. Thats why its always important to have the cash on the sideline in case things like this happens, if you ask me I'm actually excited that oil would dip lower because the lower it gets the more return in the long hual ;)



:werd:

I'm hanging in there. Picked up 300 shares at $9.23 this morning. I guess I just have to keep buying since I refuse to hedge or switch over. :nut:

HOD has been on such a tear. It's up nearly 70% since last week! :eek:

[e36bmw///]

nm

[bigbadboss101]

Originally posted by max_boost


:werd:

I'm hanging in there. Picked up 300 shares at $9.23 this morning. I guess I just have to keep buying since I refuse to hedge or switch over. :nut:

HOD has been on such a tear. It's up nearly 70% since last week! :eek:

Yup, when I sold HOD and got into HOU last Monday or so they were both $15 ish.:banghead:

[e36bmw///]

nm

[DJ_NAV]

^Hasn't HOU been a good one to keep for the long run in the last 2 months? or maybe even more. I have been and will be holding it for a while since i'm in the red. Have averaged it down a few times too. I just wished I had gotten HOD instead.

Anyone here holding HOU and HOD at the same time? I am thinking of getting some HOD for the short run(1-2 days) to make a quick buck.. but it will be dissapointing to see see HOU to drop while makin money off HOD.

[max_boost]

^
Switch it all over then!

Simply put:


“The health of the global economy is the dominant consideration in the short term, and that is weighing down on prices,” said Harry Tchilinguirian, senior market analyst at BNP Paribas SA in London. “OPEC cuts may prove to be supportive in future but it’ll take time for them to take effect.”

$30 is a real possibility now. :eek:

[DJ_NAV]

^Don't want to take the loss. I know it will eventually make money.

[broken_legs]

Out of HOD at 25.15

Into HOU at 9.18

Out of HOU at 9.33

Into HOD @ 24.90

[DJ_NAV]

Hmmm.. maybe I should consider the above poster's idea!

[broken_legs]

Originally posted by DJ_NAV
Hmmm.. maybe I should consider the above poster's idea!

oil is breaking down again, get on while you can!

[DJ_NAV]

^I think you are just suggesting to buy HOD.. but isn't it already so high today!

[max_boost]

It's never too high.

If oil price drops 20% $37--->$30, that means HOD will have gone up by 40% $25--->$35 .

Keyword, "IF"

[broken_legs]

holy shit oil is moving, but in the wrong direction

[broken_legs]

OH

Remember last month when the contract expired and oil sold off big time???


Thats going to be the peak on HOD and your buying opportunity on HOU.

Thank me later.

[broken_legs]

Check the VIX out.... IF the VIX is a tell, its telling me not to sell my DXD quite yet.

[DJ_NAV]

Is Shaw a good buy right now? down 12%! I dont know much about the telecom. industry or shaw other than the fact that they have awesome customer service for my cable and internet lol. Any opinions?

[4DoorGTZ]

Originally posted by broken_legs
OH

Remember last month when the contract expired and oil sold off big time???


Thats going to be the peak on HOD and your buying opportunity on HOU.

Thank me later.

If nothing changes before the 22nd. Damn you guys, got me watching hou/hod now.

[broken_legs]

Originally posted by DJ_NAV
Is Shaw a good buy right now? down 12%! I dont know much about the telecom. industry or shaw other than the fact that they have awesome customer service for my cable and internet lol. Any opinions?


When people lose their jobs they cancel their digital cable.

I'd wait and see what happens.

[max_boost]

Originally posted by broken_legs
OH

Remember last month when the contract expired and oil sold off big time???


Thats going to be the peak on HOD and your buying opportunity on HOU.

Thank me later.

I remember that. It didn't work though. LOL

Oil closed at $33.XX on contract expiry day and Feb futures were trading at $42.XX. It then crashed back down to $35.XX the week following before making it's climb up. Now that was an anomaly where there was an $8 difference in near month price.


Originally posted by DJ_NAV
Is Shaw a good buy right now? down 12%! I dont know much about the telecom. industry or shaw other than the fact that they have awesome customer service for my cable and internet lol. Any opinions?

A safe bet.

[aklalani]

what do u guys estimate hou will be at if oil gets to $30ish a barrel? Between $6-$7?

[SilverRex]

Originally posted by aklalani
what do u guys estimate hou will be at if oil gets to $30ish a barrel? Between $6-$7?

more like 5 dollars

[aklalani]

Originally posted by SilverRex


more like 5 dollars

i hate my life. lol. hopefully we can get a quick spurt up to 11-12 with hou so i can dump. not looking good with 9000 shares even though ill be holding for longterm profits

[DJ_NAV]

i guess the trend continues: opec/saudi production cuts result in lower price!! i'm not sure how that works but I think I might know the reason. A friend of mine worked in Kuwait for a long time, 12-13 years. And he said production cuts were announced many times but the actual production did not change at all, in fact they sometimes increased it. He said he knew this because he was working in the field and read the production meters everyday.

So I'm thinking maybe everyone knows this, thats why the price doesn't go up. LOL.

[SilverRex]

Originally posted by aklalani


i hate my life. lol. hopefully we can get a quick spurt up to 11-12 with hou so i can dump. not looking good with 9000 shares even though ill be holding for longterm profits



yeah the 2x ETF can offer huge returns on a run up, but it also double the loss, not only that if your sitting in the red at closing and even if the oil price were to move back to when you first got in, you will not be break even simply because it tracks oil price daily.

Example,

If you bought HOU at 10 dollars with oil price at 40, oil price dips to 30. (10 dollar loss of oil = 25% x 2 = 50% loss on HOU) then HOU will be at 5 dollars. But when oil price goes back from 30 to 40 (25% gain x 2 = 50%) HOU will only be at 7.50

Therefore HOU is only good if you can spread out your position. Having one position is suicide because no one can pick the bottom that accurately.

As for 11-12 dollar HOU, its going to go lower before heading higher. next bounce should be around 35 to 40 (HOU terms 7.50 to 9.50)

[DJ_NAV]

^But if you think Oil will hit $75 by summer then you should hold on HOU.

[aklalani]

Originally posted by DJ_NAV
^But if you think Oil will hit $75 by summer then you should hold on HOU.

yea but the thing is some people are doing it for short term and some for long term.

[max_boost]

Originally posted by SilverRex




yeah the 2x ETF can offer huge returns on a run up, but it also double the loss, not only that if your sitting in the red at closing and even if the oil price were to move back to when you first got in, you will not be break even simply because it tracks oil price daily.

Example,

If you bought HOU at 10 dollars with oil price at 40, oil price dips to 30. (10 dollar loss of oil = 25% x 2 = 50% loss on HOU) then HOU will be at 5 dollars. But when oil price goes back from 30 to 40 (25% gain x 2 = 50%) HOU will only be at 7.50

Therefore HOU is only good if you can spread out your position. Having one position is suicide because no one can pick the bottom that accurately.

As for 11-12 dollar HOU, its going to go lower before heading higher. next bounce should be around 35 to 40 (HOU terms 7.50 to 9.50)

When oil prices goes from 30 to 40, wouldn't that be 33% gain x 2 = 66% so HOU will be at $8.30?

Either way, what you are saying is correct. Sitting on one position is going to hurt a lot as your losses get magnified X2! :eek:

BUT, if you can wait it out and find the bottom. It's going to be a crazy ride up. Even on the way up there will be instances where you can profit take and re-buy constantly as it will always pull back even during a huge bull run, further increasing your profits.

[bigbadboss101]

I am gonna hold until 2015 :-) instead of flip flopping. Gotta be good by then!

[DJ_NAV]

^It will be good by then.. but your money can do better by 2015.

[Beerking]

Damn, I wish I would have had cash available for CVQ (maker of Cld FX), they doubled from $0.23 to $0.50 in 10 days:nut:

[Canmorite]

Originally posted by SilverRex

Example,

If you bought HOU at 10 dollars with oil price at 40, oil price dips to 30. (10 dollar loss of oil = 25% x 2 = 50% loss on HOU) then HOU will be at 5 dollars. But when oil price goes back from 30 to 40 (25% gain x 2 = 50%) HOU will only be at 7.50

Therefore HOU is only good if you can spread out your position. Having one position is suicide because no one can pick the bottom that accurately.

As for 11-12 dollar HOU, its going to go lower before heading higher. next bounce should be around 35 to 40 (HOU terms 7.50 to 9.50)

Not quite. These ETFs offers twice the INTRADAY movement of crude. Not weekly/monthly/yearly.

If HOU is at 10 and Oil at 40, if Oil drops to 30 in ONE DAY, then yes, HOU will be at 5. However, that rarely happens.

[SilverRex]

Originally posted by Canmorite


Not quite. These ETFs offers twice the INTRADAY movement of crude. Not weekly/monthly/yearly.

If HOU is at 10 and Oil at 40, if Oil drops to 30 in ONE DAY, then yes, HOU will be at 5. However, that rarely happens.


And because of this intraday movement, the same oil price a few days come now may not equal the same HOU price.

When oil price first went from 40 to 50 last month, HOU while still trading before reverse split went from 2.65 ish if I wasnt mistaken to about 3.80 (which is x5 that is HOU at 19 if you want to compare)

and the 35 to 50 dollar oil that is reached this month only translated to a high of about 16.70 clearly, if one doesnt catch the bottom you will need oil price much higher in order to realize a return.

Therefore for myself I will be looking to add to my position at 35, 30, 25 and even 20 if need be :) I have made sure I spread out my cash so I have the position ready if that time ever comes.

[civic_rida]

I think calgary will come to a hault if oil hits 20 dollars.

[broken_legs]

Originally posted by civic_rida
I think calgary will come to a hault if oil hits 20 dollars.

I'd be more worried about Natural gas at 3 dollars.

Most of the O&G Economy here is conventional drilling for Nat Gas.

Every Rig in operation contributes 130 jobs from rig crew, support, services, so personnel in town.

[broken_legs]

Dow looking to open lower

Oil at 36 bucks


man it feels good to be short.

:bigpimp:


Heres a thread discussing the oil manipulation regarding the story on 60 minutes i mentioned a while back.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=150402


Bernanke is expected to make his first comments on the economy since he set interest rates at zero today too....


EDIT:

And it starts...

Alcoa Misses big time. Widely expected to beat because expectations were downgraded several times.


Awesome, some guy was just on CNBC from Ellito wave international explaining how the DOW is going to probably hit 3500 this year.... YIKES :eek:

[SilverRex]

hmm suddenly oil jumps over 37

the only time I will buy more is if oil dips to 35-36 which translate to 7-8 dollar HOU. but of course if it doesnt go there, I dont mind either. its a win win situation lol

as for gold, its all so close to 808, but it just wont get there, if gold breaks above 822, then there will be some strength this morning otherwise I'm continuely waiting for 808

;)

[broken_legs]

Originally posted by SilverRex
hmm suddenly oil jumps over 37

the only time I will buy more is if oil dips to 35-36 which translate to 7-8 dollar HOU. but of course if it doesnt go there, I dont mind either. its a win win situation lol



Yeah i just watched a couple thousand dollars of bid disappear on my HOD in the last 5 minutes... :confused:

Not sure what the driver is there, im guessing it was Bernanke's speach. OH Also they are releasing the US Trade Deficit today. That might move things one way or another.

[SilverRex]

certainly I was anticapting at least a double bottom, but hey if oil price can get back above 41 from here, then that would be good too because it will form what looks like a reverse head and shoulder :D

[broken_legs]

Originally posted by SilverRex
certainly I was anticapting at least a double bottom, but hey if oil price can get back above 41 from here, then that would be good too because it will form what looks like a reverse head and shoulder :D

Double Bottom. Thats exactly my cue to get out of half my position. If it trades through 35 dolalrs or whatever it was, im holding it all the way down! haha

[SilverRex]

anyways let see if that down trendline break on oil this morning is any indication that the recent slide is over. I bought more HOU just below 9 dollars. This extra position is merely for the play from 37 to 41 oil price.

and gold looks like its ready to make a run up, re-bought my other half into silver spot at aroud 10.45 and take profit at about 11.45

was going to play HGU instead of HOU at 9, but missed the order at 9.60 so I'll focus on oil instead

[broken_legs]

OMG I think i just puked in my mouth

:cry:


Sooooooooo


Mastercard releases their Consumer Gasoline Demand survey this morning... That should* say that demand has gone down

OPEC says its cutting its production below the target it set in February, but still hasnt cut anything. Furthermore they say they are shutting down a key refinery in Riad (ryad?) for 30 days .

[DJ_NAV]

should be a gooder today. gonna be making at least 4 transactions with hod/hou today. ready for it.

[civic_rida]

oil is on the move up seems like

[broken_legs]

I think oil is filling the gap.

Kind of looks to me like oil just made its last run at 40 dollars and ran out of steam before it got there.


The dow is trading is mirroring the oil trade. I still think we'll see a sell off here today. C'mon Dow 4000

[aklalani]

go oil go

[DJ_NAV]

^go up or down?

[Z_Fan]

Well since he lost about $15000.00 yesterday alone on HOU, I'd say he's hoping for it to go UP UP UP. :poosie:

[max_boost]

Uh oh, it's dropping.

Looks like my order for $7.50 will get filled today!

[aklalani]

Originally posted by Z_Fan
Well since he lost about $15000.00 yesterday alone on HOU, I'd say he's hoping for it to go UP UP UP. :poosie:

you havent lost until you sell. lol. its just a number on the screen.

[broken_legs]

Originally posted by Z_Fan
Well since he lost about $15000.00 yesterday alone on HOU, I'd say he's hoping for it to go UP UP UP. :poosie:

Well he should just walk away from the computer for a year and im sure e will be happy.


Oils going down now, its not going to breach 40

[broken_legs]

Oil is down for teh day now, DJIA just set a new intra day low.

[dj_honda]

Originally posted by broken_legs
Oil is down for teh day now, DJIA just set a new intra day low.

did you get out of hod? hopefully it cracks 35 this time down...

[DJ_NAV]

Holy.... really volatile right now!!.. saw a change of 40 cents in like 2 minutes!

[broken_legs]

Originally posted by dj_honda


did you get out of hod? hopefully it cracks 35 this time down...

No


Im loaded up with DXD (up just over 10% now)

and HOD too (was down a few grand at the open today, now im up and things are looking up(down) ) haha

[max_boost]

Adjusted my HOU buy order to $7.20 (20% drop)

That's the plan, orders for every 10% drop in oil price = 20% drop on HOU.

This is insane. I have so much money tied up in this thing.

[tentacles]

Oh for fuck sakes. HOU dips down to trip my stop loss and then goes straight back up to 9.17. :facepalm:

[broken_legs]

My trailing stop just kicked me out of DXD, but with just a little over 10% booked in US dollars which are worth about 4% more this week than last week so im pretty happy with that trade.

Now as far as HOD, im way too heavy into this now. But im pretty confident that oil is going to retest the lows and perhaps set some new ones.

Times for bed now, gotta be up for work in 4 hours :nut:

[roopi]

Originally posted by broken_legs
My trailing stop just kicked me out of DXD, but with just a little over 10% booked in US dollars which are worth about 4% more this week than last week so im pretty happy with that trade.

Now as far as HOD, im way too heavy into this now. But im pretty confident that oil is going to retest the lows and perhaps set some new ones.

Times for bed now, gotta be up for work in 4 hours :nut:

What broker do you use that allows trailing stops?

[broken_legs]

Originally posted by roopi


What broker do you use that allows trailing stops?

TD Waterhouse Active Trader Platform

[SilverRex]

lets see here, oil at 38.07 as I wrote this, there is 2 trendline and a resistance heavily situated at around 40.75 I can only say this resistance will be the most difficult to break and of course if price can hold above this level convincingly, then it will become the support points for the leg back up to 50

but for now, there is a trendline support just below 38 dollars. this needs to hold to move higher, otherwise a break below 38 and price will swoon back to 36.40.

I'm hoping the line will hold at 38 and move it higher to test 41 where I can unload my 37 dollar position.

for gold, technically it was looking good yesterday, but the momentum has since been depleted, does gold still wants to test lower?

and if it does suddenly crash, I think the fort is at 800-808 in which case that is where I will enter. Otherwise gold has the potential to do what it did back in early Oct when it suddenly made a major move up towards 900 after falling below 840 for a few days.

I'll say trading range is 800 to 880, now that its at 823, that should give you an idea if gold price is a good deal or not.

happy trading

[broken_legs]

wow

Retail Sales numbers that was revised downwards several times had a wide ranging consensus of -1.25%

Numbers out this morning -2.5%. Rick Santelli on CNBC: "This is Horrible"

December Import Prices widely expected to show a decrease of 6.5% (which is good because it means things are cheaper to spur spending). Actual Down 4.2%.

Export Prices: Down 2.3%

Damn I wish I still had my DXD, futures are down into the 8250's yikes

At least i've got a nice position in HOD :bigpimp:

EDIT:

Well im convinced now. We should see 35 dollar oil today. oil tried to rally towards 40 again but couldn't make it. It's tried twice now and gotten rejected twice.

I think im going to buy some TSX bear 60 (HXD) today because i dont like the currency risk of buying US securities.

Im going to make a prediction and say that TSX closes at or around 8500 today.

EDIT:
NORTEL DECLARES BANKRUPTCY! Stock is halted in New York and in Toronto!

EDIT:
Crude inventory data is out this morning... Roll of the dice!

[SilverRex]

wow the dollar index just surged upwards, now key resistance probablly lies around 85 or 86 the most if these level dont hold then the US dollar has strength to reach much higher like 90-92 which is a possibility, it would make sense too, but that would mean gold will be test 770 quite soon,

but

I still stand gold to rebound at around 800-808, so the dollar index should turn around around 85

as for oil it does appear its crashing, but my TD trade pre-market is still holding up as if oil was trading close to 39, either people are slowly waking up late and are too slow to adjust their position or there is actually strengh in this.

we'll see what happens in 15 min

edit: hmm after redrawing the trendline on gold prices, looks like price around 815 could hold I may begin re-entering my silver position

edit: do or die, oil fighting around 37-38, if price can move pass 38.50 I would say the double bottom here within the last 20 hour or so would be quite significant. Otherwise 35-36 oil here we come

[broken_legs]

Originally posted by SilverRex


edit: do or die, oil fighting around 37-38, if price can move pass 38.50 I would say the double bottom here within the last 20 hour or so would be quite significant. Otherwise 35-36 oil here we come

I'd say you're going to get a good idea which way were going in about 18 minutes.

Crude inventory data is out at 8:30am Calgary time.

Crude expected to rise 3 million barrels.
Gas 1.7 Million

If it raises more than that we go down. I think even if the numbers meet estimates we go down. it would take a surprise drop to get things moving me thinks.

This morning, my theory is that the markets will lead oil without a strong signal from the inventory data. DOW is down big this morning, all upward trnedlines on all indexes have been broken to the downside. we can't escape the fact that people trade oil on economic outlook.

EDIT:
9 minutes to go... I have 800 shares of HOD one click away from getting sold to market if this thing goes the wrong way.

I'm getting really nervous waiting now :nut:

[broken_legs]

MUCH GREATER THAN EXPECTED!

[broken_legs]

29 to 1

New lows to New Highs on NYSE

[dj_honda]

here we come 35

edit: not quite :(

[broken_legs]

Originally posted by dj_honda
here we come 35

edit: not quite :(

Give it a chance ;)

[bigbadboss101]

HGU down .80. Was up a few cents this morning.

[SilverRex]

well 36.30 is another trendline connected from the 35 low and 36 early in them morning on the 13th.

looks like people are buying at every support, which means, one of these support should be right lol

now it needs to break below 36 in order to push to 35. I would say for us oil bulls we need price to get back above 37.50

either way I'm cool. I'll gladly pick up more HOU at around 7.70-7.90

gold has finally touched 808 (807 actually) now this is suppose to be the last standing support and trendline. And if this doesnt hold its back to 770. Its completely up to the US dollar now, unless the US dollar shows weakness, the gold aint going anywhere, but the good news is, if you follow closely, gold is slowly trying to decouple from the US dollar meaning, when the US dollar was this strong since months ago late last year, gold was being hammer down to about close to 700, therefore its a positive sign that gold is holding up well relative the the recent US dollar surge.

[dj_honda]

Originally posted by broken_legs


Give it a chance ;)

:thumbsup:

[cdnsir]

OK. Anyone has any experiences with stocks in a bankrupted company? I know they'll have to pay their debts first, but then what's next?

I got a few hundred shares of Nortel right now and I'm not sure if I should salvage as soon as the halt lifts, or should I keep sitting on it in hopes for a buyout. One consideration is that my holdings are all inside my rrrsp acct, so time is not an issue here. As long as the company still exists in one form or another, if it takes them 30 years to get back up to their feet, I'm still all right with that.

[max_boost]

broken_legs, what are your returns % wise on HOD so far?

Who else is with broken on HOD?

Is it just me and SilverRex alone on the HOU train? haha

[civic_rida]

Im on board the hou suicide train.

[ExtraSlow]

I'm on the HOU train. I've been very careful to make only LONG-TERM investments in every other case, but the siren call of 2x!!!! sucked me in. I do believe in the long term strength of energy prices, but perhaps the constant leverage trap will have eroded any value by then.

Oh well, I'm in for a lot less than the others on here, so any pain I feel is a fraction of yours. :guns:

If we make it down to about $7.85 or so, I'll buy another few shares to help the cost averaging.

[SilverRex]

Originally posted by max_boost
broken_legs, what are your returns % wise on HOD so far?

Who else is with broken on HOD?

Is it just me and SilverRex alone on the HOU train? haha


yup im all bull on oil
I'm more focused on silver watching all the charts carefully.

anyways the only comforting thing right now is that USO fund is showing some positive signs, why? because when oil price first dipped to 35, USO was traded as low as 27.70, now that it hit the low of 35.50 today the lowest USO did was pennys below 30.00 which tells me there is alot of buyers with oil price in the sub 30s.

So my plan is simple, buy HOU when oil is at 45, 40, 35, 30, 25 etc and sell each of the position when it reaches 5 dollar higher.

of course I think 40 dollar oil will be the median in the next 6-12 months so anything above 40 I will hold alot longer, but anything below is pure short term play.

[tentacles]

Originally posted by max_boost
broken_legs, what are your returns % wise on HOD so far?

Who else is with broken on HOD?

Is it just me and SilverRex alone on the HOU train? haha

I finally got out of it this morning and went into HOD instead. Had gotten stopped out 3 times in the last couple of days. :nut:

[eljefe]

Originally posted by max_boost
broken_legs, what are your returns % wise on HOD so far?

Who else is with broken on HOD?

Is it just me and SilverRex alone on the HOU train? haha

I've been on the HOU train with brief stops at the HOD station. Back and forth very succesfully. But now I am back on the HOU train with 3000 @ 8.23 and just getting ready to dump again at 8.70

[dj_honda]

i've got some hod...up ~20%. was up more (% wise) but i doubled my pos on the way up after testing my theory that oil was going down.

[DJ_NAV]

Been on HOU for about 1.5 months now...
but recently making trades with HOD as well to offset some of my losses. In the long run, I'm rooting HOU since I have a lot more of my money into it. But few hundred bucks here and there from HOD is nice.

[bigbadboss101]

HOD HOU changing directions. :dunno:

Man these HBP ETF's moves fast!

[Z_Fan]

I got stopped out of HOU at 8.50 and then it shot right back up to 9.17 in like 5 minutes. Fucker.

[max_boost]

When the oil price is bouncing around like this, these 2X ETF's have huge fluctuations. I don't even bother with setting stops, I just set buy orders every time HOU drops 15-20% and it's been doing that a lot recently. :eek:

[max_boost]

Originally posted by ExtraSlow
I'm on the HOU train. I've been very careful to make only LONG-TERM investments in every other case, but the siren call of 2x!!!! sucked me in. I do believe in the long term strength of energy prices, but perhaps the constant leverage trap will have eroded any value by then.

Oh well, I'm in for a lot less than the others on here, so any pain I feel is a fraction of yours. :guns:

If we make it down to about $7.85 or so, I'll buy another few shares to help the cost averaging.

That's exactly why I've chased this stock from $50 oil all the way down to $35! lol

[broken_legs]

At work i left some trades open and I had to leave the computer, got caught bad on the rally in oil earlier this afternoon. I was just having fun today, ive never done so many trades! ahhhhh i need some sleep time for bed

What I did today:


Symbol Size Bought Sold PL Time O/Value C/Value
HOD.TO 9820 674.80 $ 257,874.70 $ 258,549.50 $
HOD.TO 600 26.24 C... 26.24 CAD 0.00 $ 10:07:5... 15,744.00 $ 15,744.00 $
HOD.TO 500 25.21 C... 25.04 CAD (85.00 $) 12:55:0... 12,605.00 $ 12,520.00 $
HOD.TO 300 27.46 C... 26.71 CAD (225.00 $) 9:27:46 ... 8,238.00 $ 8,013.00 $
HOD.TO 300 26.29 C... 26.89 CAD 180.00 $ 10:46:0... 7,887.00 $ 8,067.00 $
HOD.TO 300 26.27 C... 26.70 CAD 129.00 $ 8:59:35 ... 7,881.00 $ 8,010.00 $
HOD.TO 300 26.27 C... 26.39 CAD 36.00 $ 10:16:1... 7,881.00 $ 7,917.00 $
HOD.TO 300 26.07 C... 26.83 CAD 228.00 $ 8:59:16 ... 7,821.00 $ 8,049.00 $
HOD.TO 250 26.90 C... 27.04 CAD 35.00 $ 11:51:1... 6,725.00 $ 6,760.00 $
HOD.TO 250 26.67 C... 26.75 CAD 20.00 $ 11:22:0... 6,667.50 $ 6,687.50 $
HOD.TO 200 27.25 C... 27.25 CAD 0.00 $ 9:19:40 ... 5,450.00 $ 5,450.00 $
HOD.TO 200 27.19 C... 27.25 CAD 12.00 $ 9:19:40 ... 5,438.00 $ 5,450.00 $
HOD.TO 200 27.14 C... 26.78 CAD (72.00 $) 9:27:26 ... 5,428.00 $ 5,356.00 $
HOD.TO 200 26.98 C... 27.25 CAD 54.00 $ 9:07:00 ... 5,396.00 $ 5,450.00 $
HOD.TO 200 26.90 C... 26.72 CAD (36.00 $) 9:46:14 ... 5,380.00 $ 5,344.00 $
HOD.TO 200 26.50 C... 25.90 CAD (120.00 $) 8:42:06 ... 5,300.00 $ 5,180.00 $
HOD.TO 200 25.16 C... 25.04 CAD (24.00 $) 12:55:0... 5,032.00 $ 5,008.00 $
HOD.TO 200 25.03 C... 26.51 CAD 296.00 $ 8:34:46 ... 5,006.00 $ 5,302.00 $
HOD.TO 200 25.01 C... 24.92 CAD (18.00 $) 7:58:48 ... 5,002.00 $ 4,984.00 $
HOD.TO 200 24.97 C... 25.99 CAD 204.00 $ 8:41:49 ... 4,994.00 $ 5,198.00 $
HOD.TO 200 24.97 C... 25.99 CAD 204.00 $ 8:41:49 ... 4,994.00 $ 5,198.00 $
HOD.TO 200 24.46 C... 24.80 CAD 68.00 $ 7:59:16 ... 4,892.00 $ 4,960.00 $
HOD.TO 150 27.00 C... 26.60 CAD (60.00 $) 9:35:31 ... 4,050.00 $ 3,990.00 $
HOD.TO 150 26.55 C... 26.90 CAD 52.50 $ 11:31:2... 3,982.50 $ 4,035.00 $
HOD.TO 150 26.37 C... 26.75 CAD 57.00 $ 10:47:0... 3,955.50 $ 4,012.50 $
HOD.TO 150 26.27 C... 26.38 CAD 16.50 $ 10:17:3... 3,940.50 $ 3,957.00 $
HOD.TO 150 26.26 C... 26.38 CAD 18.00 $ 10:17:3... 3,939.00 $ 3,957.00 $
HOD.TO 140 25.00 C... 24.80 CAD (28.00 $) 7:59:16 ... 3,500.00 $ 3,472.00 $
HOD.TO 100 27.36 C... 26.78 CAD (58.00 $) 9:27:26 ... 2,736.00 $ 2,678.00 $
HOD.TO 100 26.93 C... 26.02 CAD (91.00 $) 12:09:4... 2,693.00 $ 2,602.00 $
HOD.TO 100 26.90 C... 26.72 CAD (18.00 $) 9:46:14 ... 2,690.00 $ 2,672.00 $
HOD.TO 100 26.90 C... 25.86 CAD (104.00 $) 12:10:2... 2,690.00 $ 2,586.00 $
HOD.TO 100 26.90 C... 25.86 CAD (104.00 $) 12:10:1... 2,690.00 $ 2,586.00 $
HOD.TO 100 26.89 C... 26.72 CAD (17.00 $) 9:46:14 ... 2,689.00 $ 2,672.00 $
HOD.TO 100 26.75 C... 27.04 CAD 29.00 $ 11:51:3... 2,675.00 $ 2,704.00 $
HOD.TO 100 26.75 C... 27.04 CAD 29.00 $ 11:51:3... 2,675.00 $ 2,704.00 $
HOD.TO 100 26.75 C... 27.04 CAD 29.00 $ 11:51:3... 2,675.00 $ 2,704.00 $
HOD.TO 100 26.55 C... 26.89 CAD 34.00 $ 11:31:2... 2,655.00 $ 2,689.00 $
HOD.TO 100 26.55 C... 26.75 CAD 20.00 $ 10:47:0... 2,655.00 $ 2,675.00 $
HOD.TO 100 26.50 C... 25.86 CAD (64.00 $) 8:42:06 ... 2,650.00 $ 2,586.00 $
HOD.TO 100 26.50 C... 25.86 CAD (64.00 $) 8:42:06 ... 2,650.00 $ 2,586.00 $
HOD.TO 100 26.20 C... 26.70 CAD 50.00 $ 8:59:35 ... 2,620.00 $ 2,670.00 $
HOD.TO 100 26.00 C... 26.83 CAD 83.00 $ 8:59:16 ... 2,600.00 $ 2,683.00 $
HOD.TO 100 24.99 C... 26.51 CAD 152.00 $ 8:34:46 ... 2,499.00 $ 2,651.00 $
HOD.TO 100 24.99 C... 26.45 CAD 146.00 $ 8:34:46 ... 2,499.00 $ 2,645.00 $
HOD.TO 100 24.95 C... 24.92 CAD (3.00 $) 7:58:48 ... 2,495.00 $ 2,492.00 $
HOD.TO 60 25.00 C... 24.92 CAD (4.80 $) 7:58:48 ... 1,500.00 $ 1,495.20 $
HOD.TO 60 24.27 C... 24.80 CAD 31.80 $ 7:59:16 ... 1,456.20 $ 1,488.00 $
HOD.TO 50 27.46 C... 26.78 CAD (34.00 $) 9:27:26 ... 1,373.00 $ 1,339.00 $
HOD.TO 50 27.46 C... 26.71 CAD (37.50 $) 9:27:46 ... 1,373.00 $ 1,335.50 $
HOD.TO 50 27.36 C... 26.78 CAD (29.00 $) 9:27:26 ... 1,368.00 $ 1,339.00 $
HOD.TO 50 27.00 C... 26.60 CAD (20.00 $) 9:35:31 ... 1,350.00 $ 1,330.00 $
HOD.TO 50 27.00 C... 26.60 CAD (20.00 $) 9:35:31 ... 1,350.00 $ 1,330.00 $
HOD.TO 50 26.94 C... 26.10 CAD (42.00 $) 12:09:3... 1,347.00 $ 1,305.00 $
HOD.TO 50 26.94 C... 26.10 CAD (42.00 $) 12:09:3... 1,347.00 $ 1,305.00 $
HOD.TO 50 26.94 C... 26.10 CAD (42.00 $) 12:09:3... 1,347.00 $ 1,305.00 $
HOD.TO 50 26.93 C... 26.02 CAD (45.50 $) 12:09:4... 1,346.50 $ 1,301.00 $
HOD.TO 50 26.93 C... 25.92 CAD (50.50 $) 12:10:0... 1,346.50 $ 1,296.00 $
HOD.TO 50 26.91 C... 27.04 CAD 6.50 $ 11:51:1... 1,345.50 $ 1,352.00 $
HOD.TO 50 26.90 C... 27.04 CAD 7.00 $ 11:51:1... 1,345.00 $ 1,352.00 $
HOD.TO 50 26.90 C... 26.72 CAD (9.00 $) 9:46:14 ... 1,345.00 $ 1,336.00 $
HOD.TO 50 26.90 C... 26.72 CAD (9.00 $) 9:46:14 ... 1,345.00 $ 1,336.00 $
HOD.TO 50 26.90 C... 25.92 CAD (49.00 $) 12:10:0... 1,345.00 $ 1,296.00 $
HOD.TO 50 26.90 C... 25.92 CAD (49.00 $) 12:10:0... 1,345.00 $ 1,296.00 $
HOD.TO 50 26.90 C... 25.86 CAD (52.00 $) 12:10:1... 1,345.00 $ 1,293.00 $
HOD.TO 50 26.75 C... 27.04 CAD 14.50 $ 11:51:3... 1,337.50 $ 1,352.00 $
HOD.TO 50 26.67 C... 26.75 CAD 4.00 $ 11:22:0... 1,333.50 $ 1,337.50 $
HOD.TO 50 26.67 C... 26.75 CAD 4.00 $ 11:22:0... 1,333.50 $ 1,337.50 $
HOD.TO 50 26.55 C... 26.90 CAD 17.50 $ 11:31:2... 1,327.50 $ 1,345.00 $
HOD.TO 50 26.55 C... 26.89 CAD 17.00 $ 11:31:2... 1,327.50 $ 1,344.50 $
HOD.TO 50 26.55 C... 26.75 CAD 10.00 $ 10:47:1... 1,327.50 $ 1,337.50 $
HOD.TO 50 26.55 C... 26.75 CAD 10.00 $ 10:47:0... 1,327.50 $ 1,337.50 $
HOD.TO 50 26.37 C... 26.89 CAD 26.00 $ 10:46:0... 1,318.50 $ 1,344.50 $
HOD.TO 50 26.29 C... 26.89 CAD 30.00 $ 10:46:0... 1,314.50 $ 1,344.50 $
HOD.TO 50 26.27 C... 26.39 CAD 6.00 $ 10:16:1... 1,313.50 $ 1,319.50 $
HOD.TO 50 26.26 C... 26.38 CAD 6.00 $ 10:17:3... 1,313.00 $ 1,319.00 $
HOD.TO 50 24.98 C... 25.04 CAD 3.00 $ 12:55:0... 1,249.00 $ 1,252.00 $
HOD.TO 40 24.54 C... 24.92 CAD 15.20 $ 7:58:48 ... 981.60 $ 996.80 $
HOD.TO 20 24.27 C... 24.80 CAD 10.60 $ 7:59:16 ... 485.40 $ 496.00 $

[DJ_NAV]

^ you better be paying very small trading fees.. otherwise it could be pointless to trade like that.

[civic_rida]

no kidding.

[Z_Fan]

If he traded with RBC, that would cost $6.95 (grand total, not each) for all of them. Cuz they don't charge you per trade if you make many buy and sells during the same day in the same stock.

I sometimes do that too, for fun, to see if I can make any money.

RBC will charge you $28.95 once and that is it if you are a noob to their system.

[roopi]

Originally posted by DJ_NAV
^ you better be paying very small trading fees.. otherwise it could be pointless to trade like that.



Originally posted by civic_rida
no kidding.

$6 - $9/trade probably

[Mckenzie]

Originally posted by cdnsir
OK. Anyone has any experiences with stocks in a bankrupted company? I know they'll have to pay their debts first, but then what's next?

I got a few hundred shares of Nortel right now and I'm not sure if I should salvage as soon as the halt lifts, or should I keep sitting on it in hopes for a buyout. One consideration is that my holdings are all inside my rrrsp acct, so time is not an issue here. As long as the company still exists in one form or another, if it takes them 30 years to get back up to their feet, I'm still all right with that.

Well in the case of Nortel, it will likely be a long and ridiculous process to pay the debtors off in the event of a full scale liquidation. A 'conservator' will likely be appointed (big 4 accounting firm) to restructure the company, fire people, hire people, sell assets, make management decisions, make payroll, etc.

It could be a long ride but pretty much you could be screwed in the event of a major restructuring...obviously you are aware you are last on the totem pole. I do not see any value in the common shares of company like Nortel for a long time as they are due for a MAJOR house cleaning. Sucks to hear you have cash in there.

[e36bmw///]

nm

[civic_rida]

its 28.99 if you have less than 200k in assets.

[DJ_NAV]

not only do u have to worry about the trade fees... you time to make that many trades has value too.

[broken_legs]

Originally posted by e36bmw///
Holy shit

I thought i was making lots of trades (1-2) a day

So you trade with RBC? and its only 6.95 for all trades??????

So how much did u make today if you dont mind ?






I made $674.00, or 3.5% on the 19k I was using to play with today.

Honestly, it was lots of fun. I haven't slept yet and I'm working nights. I'm getting kind of shaky now!

I was up around $1900 at the peak while oil was selling off in the morning. I started today flat with this position. I got slaughtered when oil rebounded this afternoon. I left 2 open trades and walked away to help someone here at work and when I came back It was too late.

My strategy was pretty simple, book profits, re-buy lower. If the price moved against me i'd cut my losses.

Would have done better if I wasn't using market orders, but the price moves too fast for me to type in prices. There was usually a .15-.3 spread on bids and asks with HOD today when things were moving so i was losing out by selling into market.

What I really like looking at is the Total Open an Close positions, makes me feel like a big spender. Reminds me of early last year when I was addindg 400,000 shares volume on penny stocks on the venture a la Rat Fink Style haha


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