Official Short-term Investments Thread

[max_boost]

We've all watched the oil price fall from $42 to $35 3X in the past month. I have a hard time believing it has any legs to rally from $42 up to $50. Even if it does, it'll prove to me again that it's just another fake rally when it comes crashing down again.

Set your stops and protect yourself. Evaluate the news feed 4-5 days of oil going up or down is going to destroy your portfolio if your stop isn't in place!

[e36bmw///]

nm

[max_boost]

Yeah rollover DOES NOT affect HOD or HOU.

HOD eh? Good move. Too bad I didn't switch earlier.

I have 2300 shares, excited for tomorrow! hehe

In the past week I have completely reshaped my investment beliefs and strategies. :rofl:

[e36bmw///]

nm

[max_boost]

$40 oil! Down $2.XX :D

[broken_legs]

Originally posted by max_boost
$40 oil! Down $2.XX :D


So I bought HOU on Friday.

I believe there will be something like an Obamanom and everything is going to rally for a day or two.

Also I don't see oil at 40.00 for March, light sweet crude for March only hit 41.00 and that was on Friday. I see it at 42.63


EDIT:

The major indices look they are getting ready for a bounce.

Thursday and Friday were both UP days on larger than normal volume. To me it looks there is some major support around this area and the Obama Factor is going to make the most obvious rally ever happen. Either that or we see Dow 7000 by the end of the week.

[SilverRex]

^

I agree

alot of things are showing they are ready for a bounce technically.

the hammer on the weekly chart for oil price means we could have some sort of bounce towards 50 oil at least one more time, whether it can sustain higher thats another story but the downside I think is at least limited to the low of last week.

while the feb oil is still trading at 35ish and march at 41.50, even if feb oil goes back to 33 it may not mean march oil dipping below 41 just because of the fact the closest month contract is always more volatile then the rest. I too suspect march contract of oil to hold at 40 dollars. maybe 40.50 even because of the EMA

I'll be adding another position around this level.


as for the yellow metal, the now 200 day at 841 is holding, obviously this is another key moment. Either the yellow is going to surge above this or its going to get shoot back down to 800. My hope is that it will come back down 770 as my ultimate entry (and 10 dollar for silver)

otherwise gold will gain momentum above 841 and weak below 836

I still expect an obama rally too, while its anyone's guess how big of one, or has it become too obvious a triple bottom DOW pushing it back to 10.5k will no longer become reality just because if that is what everyone predicts, then it just does the opposit?

I hope it does happen just because the triple bottom will form a very good technical support that if it breaks, we know DOW is headed for 4000.

By the way, has anyone's Tax free savings account being activiated yet? I'm still waiting for my login and account information to be mailed to me. just for clarity does anyone know if the TFSA only allows certain funds to be traded or can I purchase stock? even US traded companies?

[SilverRex]

Originally posted by Z_Fan


Yes.

It is worth it.

I had a nightmare trying to track all my trades last year, and this product worked very easy and incorporated everything in to my tax return.

I will be buying it again this year for sure!

Totally worth it IMO.

so what's the big thing on that edition that helped you so much? is it more of an automatical download via your stock broker? or your just implying that interface is easy to update for what was being traded in 08 even if I had made over 300 trades?

[broken_legs]

Originally posted by SilverRex
^

By the way, has anyone's Tax free savings account being activiated yet? I'm still waiting for my login and account information to be mailed to me. just for clarity does anyone know if the TFSA only allows certain funds to be traded or can I purchase stock? even US traded companies?

My TFSA appears in my Active Trader Platform since Jan1. Signed up for it around Dec 20. Now I just need to make a smart decision on what kind of money/stock I should be moving in there.

Other than the tax rules, you can do whatever you want with it AFAIK.

EDIT:

Just got off the phone with Active Trader help desk. TFSA account has the same rules as an RSP trading account. You can go long puts and calls, and write covered calls too.

[e36bmw///]

nm

[broken_legs]

Originally posted by e36bmw///
so what do you guys think, rally tomorrow?


Today is the Shake Out

Tomorrow is the Break Out

[e36bmw///]

nm

[broken_legs]

Originally posted by SilverRex


so what's the big thing on that edition that helped you so much? is it more of an automatical download via your stock broker? or your just implying that interface is easy to update for what was being traded in 08 even if I had made over 300 trades?

With TD you can click a button and it downloads a CSV file of all transactions on every account. Then you import those files to Quicken and can classify every transaction. I imagine its the same for all of your stock orders too.

EDIT:
I now have a healthy position in HOU at 7.97 avg...

[89coupe]

Here is your guys chance to get in cheap with DVT.to

FYI, Divestco is an industry leader in Oil & Gas survey/support.

Its only up from where they are now.

[e36bmw///]

nm

[broken_legs]

Originally posted by 89coupe
Here is your guys chance to get in cheap with DVT.to

FYI, Divestco is an industry leader in Oil & Gas survey/support.

Its only up from where they are now.

blah...

Penny stock wonder. Im In!

[max_boost]

Sorry boys, there will be NO Obama rally. As for DVT, it'll be back at $0.10 in a month or two when the market meltdown begins. We should see the dow in the 5000-6000, same goes for the TSX! It's going to get ugly!

[broken_legs]

Originally posted by max_boost
Sorry boys, there will be NO Obama rally. As for DVT, it'll be back at $0.10 in a month or two when the market meltdown begins. We should see the dow in the 5000-6000, same goes for the TSX! It's going to get ugly!


Since when did you become a bear?

[max_boost]

I started out bearish a few months ago and then turned bullish thinking everything is going to be alright but it's not. :eek: I hope I'm wrong, for the sake of everyone!

[max_boost]

The turning point from Bull to Bear occurred last week. The moment I changed from HOU to HOD :D

[89coupe]

Originally posted by broken_legs


blah...

Penny stock wonder. Im In!

Hardly, learn a little about the company that you just invested in.

http://www.divestco.com/News---Events/Press-Releases-2008.aspx

[broken_legs]

Originally posted by 89coupe


Hardly, learn a little about the company that you just invested in.

http://www.divestco.com/News---Events/Press-Releases-2008.aspx

Sarcasm detector broken?

[SilverRex]

Originally posted by broken_legs


With TD you can click a button and it downloads a CSV file of all transactions on every account. Then you import those files to Quicken and can classify every transaction. I imagine its the same for all of your stock orders too.

EDIT:
I now have a healthy position in HOU at 7.97 avg...

what if I dont have quicken? is it still worth it to get the quick tax platium?

[broken_legs]

Heres some analyst coverage on divestco, would like to know what the rest of teh reports say

2008-11-17 [Morning Notes] Divestco Inc., (DVT-TSX), HOLD
Downgrade on Balance Sheet Liquidity Concerns
Roy Ma


2008-09-22 [ViewPoint] Divestco Inc., (DVT-TSX), SPECULATIVE BUY
Thin Liquidity Results in Speculative Risk-Reward Outcome Potential
Roy Ma


2008-09-22 [Morning Notes] Divestco Inc., (DVT-TSX), SPECULATIVE BUY
Thin Liquidity Results in Speculative Risk-Reward Outcome Potential
Roy Ma


2008-08-14 [Morning Notes] Divestco Inc., (DVT-TSX), BUY
Reports In-Line Q2/08 Financial Results
Roy Ma


2008-06-10 [Morning Notes] Divestco Inc., (DVT-TSX), BUY
Recent BC Land Sales Bode Well for Divestco

[broken_legs]

Originally posted by SilverRex


what if I dont have quicken? is it still worth it to get the quick tax platium?

Pretty sure that quick tax/quicken etc all have the same feature.

[DJ_NAV]

HOU and HOD not too volatile right now... maybe we'll see a change noon or at 1.

[dj_honda]

Originally posted by DJ_NAV
HOU and HOD not too volatile right now... maybe we'll see a change noon or at 1.

for the last little while, hod goes down at lunch, hou goes up....see if that trend continues.

i got out of hod today. will probably get in again after seeing what happens tommorrow.

[civic_rida]

yea probalby a good idea ;).

Obama Rally. :drama:

go hou go:clap:

[Mckenzie]

These are the same idiots that called for $200 oil back in July and $30 oil in December!

http://www.financialpost.com/news/story.html?id=1194436

The I banks all need to implode and fire the entire line of crooks who make the calls...what have they gotten right... :banghead:

[DJ_NAV]

FFFF... wanted to place an order to sell my hod at 30, but instead it was a buy order.. so it bought some at 29.8:facepalm:

[max_boost]

I sold 1300 HOD shares and kept 1000.

Made about $3k and setting a stop for break even on the remaining 1000.

Worse case scenario I break even on the remaining shares if there is an Obama rally or I make as Oil continues to tank! ;)

[max_boost]

If there's no Obama rally, I'm loading up more on HOD! :thumbsup:

[e36bmw///]

nm

[civic_rida]

hod is to expensive for me lol

[broken_legs]

Originally posted by max_boost
I sold 1300 HOD shares and kept 1000.

Made about $3k and setting a stop for break even on the remaining 1000.

Worse case scenario I break even on the remaining shares if there is an Obama rally or I make as Oil continues to tank! ;)

Try this for a worst case scenario:

Oil trades up 2-3 dollars in premarket before TSX opens.

HOD opens down 10-25% and your stop is triggered. The stop is triggered in the first 10 seconds and is rejected by the exchange so you sell at way down at 21 dollars. Are you still breaking even?


It already happened to me!

[max_boost]

Originally posted by e36bmw///
I dunno if i should try and get into HOU at 7.50, or buy back HOD?

If there is a rally, which there might be....thats sick money

Can hod go higher???
lol i had it at $18 at one point, would have almost doubled my money already

It can always go higher. Just need oil to continue to plummet and why not? You think the American economy is going to turn around tomorrow and they start consuming oil? hehe


Originally posted by civic_rida
hod is to expensive for me lol


Don't think like that. Think in terms of % returns and not $ returns. If you think HOU can jump from $7.50 to $10.00 should be easy right? That's a 30% gain which would have to yield a 30% or $9.00 loss on HOD from $30 to $21

BTW, Did you set your stop yet? I'm telling you man, if you are lucky to get a rally, think hard about selling it. The worst is yet to come! I don't want you to get trapped in HOU like I was. You have to get in and out, FAST. It all depends which way the oil price is moving in.


Originally posted by broken_legs


Try this for a worst case scenario:

Oil trades up 2-3 dollars in premarket before TSX opens.

HOD opens down 10-25% and your stop is triggered. The stop is triggered in the first 10 seconds and is rejected by the exchange so you sell at way down at 21 dollars. Are you still breaking even?


It already happened to me!

hehe

That could happen but I doubt it. What's going to cause it to rally up $2-3 premarket right now? hehe but like you said, that would be the worse case scenario!

Once that rush goes by and reality sets back in when Americans realize how shitty their economy is, I'm buying right back in!
:thumbsup:

[eljefe]

Originally posted by max_boost


It can always go higher. Just need oil to continue to plummet and why not? You think the American economy is going to turn around tomorrow and they start consuming oil? hehe




Don't think like that. Think in terms of % returns and not $ returns. If you think HOU can jump from $7.50 to $10.00 should be easy right? That's a 30% gain which would have to yield a 30% or $9.00 loss on HOD from $30 to $21

BTW, Did you set your stop yet? I'm telling you man, if you are lucky to get a rally, think hard about selling it. The worst is yet to come! I don't want you to get trapped in HOU like I was. You have to get in and out, FAST. It all depends which way the oil price is moving in.



hehe

That could happen but I doubt it. What's going to cause it to rally up $2-3 premarket right now? hehe but like you said, that would be the worse case scenario!

Once that rush goes by and reality sets back in when Americans realize how shitty their economy is, I'm buying right back in!
:thumbsup:

1) Don't count on market fundamentals to control the price of oil. The vast majority of oil fluctuations lately have been been based on emotions. Tomorrow is possibly a day to be filled with a lot of emotional trading.

2) When you say "don't think like that, think in terms of % return, do not forget to add to that statement to remember to also think in terms of % losses.

3) If you have to ask what could possibly cause oil to rally right now and overnight by 2-3 dollars you shouldn't be investing. That is not only possible but has been happening with a lot of regularity lately with many minor factors contributing to large swings in oil, and sometimes none at all.

4) If you had sold your HOU when it ran up for 4 or 5 days straight just a week ago you would have made thousands more.

I've found jumping between them has worked best, in and out of both in the same day even. As Hou has fallen from 10 down to 7.5 over the last week I have milked it for well over 10k not to mention what I have made off HOD


Just some thoughts

[max_boost]

^

1. I agree with the emotional trading part.

2. I agree again.

3. I'm well aware of what could cause a $2-3 swing, but what news are they going to come out with that we haven't heard already? Like I said, short of the Middle East getting nuked or an oil embargo, any kind of oil rally is a fake.

FACT, economy isn't getting any better and when your biggest consumer isn't consuming, it doesn't matter how much you reduced the supply by and any geo-political excuse to rally the price is artificial. Reality sets back in and it tumbles down. We will see $30 oil, bank on it.

4. Of course, if you can switch back and forth and hit it spot on, you are going to make a shit load of money. Seems like you are the only one on here that can do that consistently. :rolleyes:

[eljefe]

Originally posted by max_boost
^


FACT, economy isn't getting any better and when your biggest consumer isn't consuming, it doesn't matter how much you reduced the supply by and any geo-political excuse to rally the price is artificial. Reality sets back in and it tumbles down. We will see $30 oil, bank on it.

4. Of course, if you can switch back and forth and hit it spot on, you are going to make a shit load of money. Seems like you are the only one on here that can do that consistently. :rolleyes:

But FACT also, oil was far far overpriced at 140, even at 120 and 110 yet is sustained itself there for months on nothing but emotional trading, it was all hype. The TSX is slipping today mildly- oil on a very slow trading day is down a couple bucks. There is no volume today, the DOW and other US markets are closed. There is no real push or pull on oil today but it is down. If there is even a smidge of optimism tomorrow about Obama that buck and a half or two dollar drop today is wiped out before we even talk about gains. It could very very easily be a 4 dollar swing in oil.

Here is one thing I would put money on. If there is a 3 or 4 dollar swing in oil tomorrow it will be up not down. If there is a 1 or 2 dollar swing in oil tomorrow it is more likely to be down.

For tomorrow, and really trading in the near future entirely....screw the buy and hold. You need to be able to make intra-day trades to make money.

[dj_honda]

i hope you are right ^^ i switched over and got a position in hou at lunch haha

[eljefe]

Originally posted by max_boost
^


4. Of course, if you can switch back and forth and hit it spot on, you are going to make a shit load of money. Seems like you are the only one on here that can do that consistently. :rolleyes:

You don't have to hit it spot on, and I certainly have not been able to do it consistently. What I have done is cut my losses to be less than my profits. No one is going to profit on every trade.

[max_boost]

It's an educated guess at best right?

Everyone knows Obama is coming in and everyone knows he can't work magic over night. If anything, he provides a fresh face and hope. That might just be enough for the speculators to manipulate the market and drive it back up. However, I say the inauguration is priced into the market already.

The one thing that can stir things up temporarily is his $850 billion stimulus bill. How do they come up with these numbers? It could end up costing $1 trillion for all I know! LOL

If it does cause a rally, I will ride the HOU train again.

Again I agree with the comment on 'screw the buy and hold' I've experienced it just now, it just doesn't work!

If you want to buy and hold, wait till this recession shit is over and the markets stabilize. It's going to be another historic bull run and it's pretty much guaranteed money!

[eljefe]

Originally posted by dj_honda
i hope you are right ^^ i switched over and got a position in hou at lunch haha

I hedged in a sense. I am out of HOU right now and bought 2000 shares of Canadian Oil Sands (COS.UN) at 18. 99 I am figuring there will be a rally tomorrow at some point or even Wednesday, but in case the markets shoot up and leaves oil behind stalled I can win win on this one(I hope). If the markets run up COS will go up with or without a spike in oil. If the markets go up and take oil with them it should run even higher. COS is trading very close to its 52 week low and should have some legs in a rally. If I am wrong and it all tanks tomorrow at least I am in a stock that pays a dividend at around 15% and it pays out in a couple weeks for the quarter.

Good look in the markets tomorrow everyone!

[eljefe]

Originally posted by max_boost
It's an educated guess at best right?

Everyone knows Obama is coming in and everyone knows he can't work magic over night. If anything, he provides a fresh face and hope. That might just be enough for the speculators to manipulate the market and drive it back up. However, I say the inauguration is priced into the market already.

The one thing that can stir things up temporarily is his $850 billion stimulus bill. How do they come up with these numbers? It could end up costing $1 trillion for all I know! LOL

If it does cause a rally, I will ride the HOU train again.

Again I agree with the comment on 'screw the buy and hold' I've experienced it just now, it just doesn't work!

If you want to buy and hold, wait till this recession shit is over and the markets stabilize. It's going to be another historic bull run and it's pretty much guaranteed money!

Yes

Yes

and Yes, agree entirely

[civic_rida]

wednesday might be the day to buy hod.

Notice: The Weekly Petroleum Status Report will be released on Thursday, January 22, 2009 at
11:00 A.M. (Eastern Time) due to the closure of the Federal government on Monday, January 19 and Tuesday, January 20.

[civic_rida]

Why do stocks open sometimes lower than they previously closed?
I want to set my stops for tomorrow but i dont want it to trigger just cause it opens low

[max_boost]

Negative news after closing hours will negatively impact the share price.

Look at HOU, it closed at $8.2X previous day and opened at $7.XX today. Why? Oil price was down after hours hehe

[civic_rida]

I want to set my stops for tomorrow but i dont want it to trigger just cause it opens low

[max_boost]

Set the stops lower then hehe

Better stay up late or wake up early and monitor the news feeds. If futures are trading down and there's nothing buzzing through the airwaves, it's a guarantee HOU is going to drop! ;)

[broken_legs]

Originally posted by max_boost
Set the stops lower then hehe

Better stay up late or wake up early and monitor the news feeds. If futures are trading down and there's nothing buzzing through the airwaves, it's a guarantee HOU is going to drop! ;)

I wouldnt be so sure. I stay up all night and watch the oil trade in real time.

The market usually takes right angle turn just before the US markets open. Most of the oil contracts are traded in the US during normal trading hours and what happens over night in Europe and Asia, although can be predictive, really doesn't matter when the markets open in the US.

As far as HOU, I'm pretty sure its not going down any further and will open over 8.00 tomorrow morning.

I see the down trend being violated in the march oil contract., if we go below 40 dollars I'm out, if not I'll be unloading HOU around 10-11 dollars.

Inventory data is out on Thursday, like every Thursday.
Sure it matters, but not really. This is Obama week. If the market rallies, people will be buying oil. The markets look like they want to rally.

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

[4DoorGTZ]

Its fate, my hou order filled today at 7.50, and there's no work for me tomorrow so I'm paid to sit in my hotel in G.P. Guess I can watch the markets before open and have a chance to react one way or another. Normally I only get to react after a day's trading looking back, not forward.

Obama Rally:clap:

[civic_rida]

Things are looking bad right now in overnight trading.

[Z_Fan]

Yeah, it does look like it's gonna be a BAD day for HOU and a great day for HOD. Guess it'll be interesting tomorrow...:dunno:

[broken_legs]

So March contract is now trading at 39.25... Ergh

Looks like I got this one wrong. Next stop 38.00, if she breaks 38 I'm on the HOD train again

[eljefe]

March contract is now trading back over 40, European markets are trading higher. Nothing definitive happening in either direction just yet.

Edit** The February contract closed yesterday at 34.24 - this morning Feb contract is showing down a couple dollars, however this is off of Friday's close because the American markets were mostly closed yesterday. At 7:10 EST this morning the Feb contract is now actually up over yesterday at 34.52. March is also up over yesterday by about 30 cents. Again , no definitive movement either way just yet. Wait for the earnings reports that start coming out today...........it will likely be earnings vs inauguration that fight it out for swing today.

[eljefe]

Oil is now trending downward slightly on the day and Suncor posted 4th quarter earnings......or shall we say losses. Fourth quarter losses of 215 million for 2008 compared to 4th quarter earnings of a billion in 2007. If todays earnings news keeps coming out negative it could well be the Obama Slump not the Obama bump day.

[e36bmw///]

nm

[4DoorGTZ]

I was surprised at hou, opened down a dime, then quickly shot up 40-60c

[SilverRex]

watch out oil broke out of a funk, the feb price over 35 means it has broke the downward channel that capped it from 39 to 37 and to 34.4

with this break (assuming technical play is at work)

feb oil price can shoot back to 37 min and best case to 40
that translate to our march HOU oil price back to 43 with the potential to hit 45-46

and if the hammer on the weekly chart for oil price is any indication for a small rally, then surely price will at least head back to test the current 50day moving average at about 49

this barrier will be the important battleground if oil price was to completely collasp like it did when it hit 50 not too long ago or will we be trading on the other side of this price.

[Nova316]

Anyone else have HGU? its doing very well today :D :D

[broken_legs]

Just got back from breakfast at camp... Great omelet!

I left my position open without any stops in place so I didnt do something stupid at the open, which I sometimes do! Now I am happy I did.

I think March goes for the 49-50 dollars mark again, gets rejected, then sets a higher low in a sort of ascending wedge that may eventually break out to the upside, only to be slammed down to 27 dollars in a month or two.

[eljefe]

The dow opened way down and kept going south, it seems to have turned and is coming back fairly strong if that trend continues watch for oil to follow it up higher as well. Could be an interesting day!

[broken_legs]

Originally posted by eljefe
The dow opened way down and kept going south, it seems to have turned and is coming back fairly strong if that trend continues watch for oil to follow it up higher as well. Could be an interesting day!

Watch Financials, they were dragging everything down. Look at SKF! Its almost doubled sinc last week. It opened up 15% and in the last 20 minutes its started trading down (XLF is recovering)

I just bought more HOU as it set the new high for the day....

Dum dum dum

:drool:

[civic_rida]

hou is up

[DJ_NAV]

I hope HOU hits 9 and my order gets through so i only face a loss of $800 or so. Way better then down 2k.

[DJ_NAV]

How high do you think HOU will get today/this week? I'm not asking for crystal ball answers.. I'm asking for your opinion.

[civic_rida]

Its losing steam :(

[DJ_NAV]

:(

[eljefe]

Losing steam makes it a better buy....watch the DOW too, as it headed back down so did oil. I still think the DOW has a rally coming and if it does watch oil

[eljefe]

the DOW looks to be trying to turn back up again....

[civic_rida]

BOO SHOULD OF SOLD AT 8.60

[DJ_NAV]

^just a put a order for 8.6 then.. i think it will reach that level again.

[civic_rida]

to sell or buy?

[SilverRex]

perhaps the market is waiting for the 800 billion package?

either way I', set for oil to hit 49 dollars before it turns lower

Dam, gold is at 864,

[Canmorite]

Gold shocked me this morning haha. What is going on there?

Nothing but strength for the USD, and gold rallying like crazy. Weird disconnect.

[DJ_NAV]

^Oil is at 37 right now... long way to go to reach 49
Also, gold is at 858 from what I see... maybe you see something more live?

[max_boost]

I got stopped out of my HOD and looks like I'm just going to sit back and watch it from the sidelines today. I'll let the speculators have their day. I'll jump back in when I'm convinced that it's moving one way or the other. Don't want to get caught.

But a rally? When RY of Scotland is getting nationalized and more major bailouts could be needed. The global financial system is on the brink! I'll wait for this one to past before I jump back on to the $30 oil train hehe

eljefe, how are your intra-day trades doing today?

[dj_honda]

Originally posted by DJ_NAV
^Oil is at 37 right now... long way to go to reach 49
Also, gold is at 858 from what I see... maybe you see something more live?

he is talking about march contracts...which oil is at 43ish

[SilverRex]

Originally posted by Canmorite
Gold shocked me this morning haha. What is going on there?

Nothing but strength for the USD, and gold rallying like crazy. Weird disconnect.


yes this disconnect only proves that gold is here to stay.

I was disappointed when I didnt load up when gold was at around 800 even though I saw it coming.

its one of those easy to spot but dont have the gut to pull the trigger. I guess I was to greedy thinking I could get in lower at 770.

so now the tables has turned. its a 50/50 chance that gold may drop to 770 I'll just have to wait it out.

its a good thing I have some bullion for long term so at least I can be cheerful when gold continues upward.

But I would be screaming for joy if it can hit rock bottom below 800 for one last time. Now our important resistance is at 880 and 920. It would be insane if it breaks 920 because it will then have no where to go but up.

[dj_honda]

speech time coming soon...

[eljefe]

Originally posted by max_boost


But a rally? When RY of Scotland is getting nationalized and more major bailouts could be needed. The global financial system is on the brink! I'll wait for this one to past before I jump back on to the $30 oil train hehe

eljefe, how are your intra-day trades doing today?

Down on COS, I think the suncor 4th quarter results helped oil stocks down so far today. But I got in and out of HOU for about 1500 and then lost 600 on HOD shortly there after. I should have gotten back into HOU at low 8's again but I am not going to jump in at 8.40 right now. Not sure which way thinks look to be breaking for the afternoon, and not happy with my position on COS. I don't want to be holding COS when their earnings come out at the end of the month either!

[max_boost]

I agree with this guy


“Nothing is happening in the news today that explains the movement,” said Michael Lynch, president of Strategic Energy & Economic Research, in Winchester, Massachusetts. “All of the movement is due to expiration.”

Going to see how the market reacts to Obama's speech and then possibly right back into HOD!


Originally posted by civic_rida
wednesday might be the day to buy hod.

Notice: The Weekly Petroleum Status Report will be released on Thursday, January 22, 2009 at
11:00 A.M. (Eastern Time) due to the closure of the Federal government on Monday, January 19 and Tuesday, January 20.

Enjoy the rally because you know what happens when the inventory count comes out right? :devil:

[civic_rida]

I bought hod at 26.00 :poosie:

[DJ_NAV]

^good buy.... i don't think it will be hitting 26 for a while... probably not today.

[4DoorGTZ]

Was watching march/april futures prices for oil.... Nice rises up to the beginning of the inauguration, dip before Obama takes his seat, slow rise, then quick small drop during the "lovely" music played.... then slow steady rise during his whole speech. Followed by a ride down to levels below the moments before the ceremony started.

Eh, I'm out of hou. 9% in 2 days, might buy back in after the thump that is to come thursday.

[DJ_NAV]

dang.. My order for 8.5 Hou wont be getting filled I guess. Meanwhile. bought some cheap Hod and already making coin.

[max_boost]

Fuck I knew this rally was going to be a farce! I didn't think it would touch my stop at $27.00! :banghead:

I was waiting on the sidelines until after the speech, I had a chance to rebuy at $27 and $27.50 but declined but once I saw $28.00, I jumped right back in.

Oil on its way down and HOD on its way up.

This is going to be the quarter we see $30 oil, bet on it!

civic_rida, you sure you got into HOD at $26? :poosie:

[civic_rida]

HOD - HORIZONS BETAPRO NYMEX CRUDE OIL BEAR PLUS ETF UNIT CL A Filled
20 Jan 2009 10:43 AM EST PRK 0306 Buy 26.00 CDN Day DB

[dj_honda]

maybe today will be different....but if the past week (excluding yesterday) is any indication, there should be a chance to get into hod for cheap (for the day anyways) in an hour.

[civic_rida]

yea becareful with stops my stop got triggered this morning with hou when it opened really low.

[DJ_NAV]

Faaaaccckkk... I keep lowering my sell order but HOU keeps dropping. looking at major losses now.:(. Sold em for 2k loss on a 6k investment. but on the bright side already up about 500 with HOD.

[max_boost]

civic_rida, good job! You know I was just bugging you!

Further proof the rally is a farce! Reality sets back in!

[dj_honda]

yea personally its not whether is a rally or not, its just about being on the right side at the right time...and not staying in either for too long haha......and so far so good.

got out of hou an hour ago...looks like that was the right decision so far.

[DJ_NAV]

Interesting fact:
trading volume for HOU : 8.75M
trading volume for HOD : 1.75M

[bigbadboss101]

I got out of HGU today.

[Z_Fan]

I got screwed on stops twice today.

And once was on HOU ... I had a stop loss set at 8.32 and it dropped so fast that it didn't sell ... and foolish me was OUT of the office when I came back I was excited thinking I'd just buy back in at 7.60 and FUCK ME TWICE my shit didn't sell.

Now I'm backwards on HOU. Piss me off big time.

[eljefe]

Originally posted by max_boost
Fuck I knew this rally was going to be a farce! I didn't think it would touch my stop at $27.00! :banghead:

I was waiting on the sidelines until after the speech, I had a chance to rebuy at $27 and $27.50 but declined but once I saw $28.00, I jumped right back in.

Oil on its way down and HOD on its way up.

This is going to be the quarter we see $30 oil, bet on it!

civic_rida, you sure you got into HOD at $26? :poosie: Glad I was out for lunch when HOU started heading down- I would have bought at 7.95 range and been down right now. Sometimes its just plain luck that helps! I am buying back in now if it drops a wee bit lower though I think there will be a bump in the next hour.

[ckangarloo]

Got out of ABX today for a nice profit.
Sitting on HOD for a few days (picked up at 24.50).

[DJ_NAV]

^daym abx up 10% today. you must be making good coin now.

[max_boost]

Originally posted by Z_Fan
I got screwed on stops twice today.

And once was on HOU ... I had a stop loss set at 8.32 and it dropped so fast that it didn't sell ... and foolish me was OUT of the office when I came back I was excited thinking I'd just buy back in at 7.60 and FUCK ME TWICE my shit didn't sell.

Now I'm backwards on HOU. Piss me off big time.

Damn that's rough!


Originally posted by eljefe
Glad I was out for lunch when HOU started heading down- I would have bought at 7.95 range and been down right now. Sometimes its just plain luck that helps! I am buying back in now if it drops a wee bit lower though I think there will be a bump in the next hour.

Yeah man, sometimes it's just luck. I wish I had more luck. But you also have to stick to your gut. I couldn't believe the spread today, $39.11 to $43.79 for oil and $25.20 to $32 for hod. That is insane!

Covering your shorts to close out the current month have THAT big of an affect on things? :nut: