Official Short-term Investments Thread

[civic_rida]

picked up some hou for the afternoon rally.

[DJ_NAV]

^ how much did u get it for?

[max_boost]

Looks like a good move civic_rida

Oil is unbelievably resilient.

The Dow is fighting back right now too.

[civic_rida]

7.89

[bigbadboss101]

Out of HGU @ 13.55.

[DJ_NAV]

anyone buying hgd?? its hitting 9 soon.

[Z_Fan]

Oil about to break $43. HOU has been running strong oil going pretty much steady up from $42.40 to $43.00 in the last 20 minutes.

[SilverRex]

Originally posted by DJ_NAV
anyone buying hgd?? its hitting 9 soon.

I dont know if its a good idea to short gold stock just yet, since gold is about to test 920 (huge resistance) and silver just exploded upwards to new monthly highs back to 11.90

dam I should have loaded up at 10.30 when I had the chance

[Z_Fan]

Shoot. I just got stopped out of HOU by setting too tight of a stop. It just dipped low enough to take my shares. Hahah, and then went straight back up. I think someone has a hidden video camera in my room, and watches all the stupid things I do, then manipulates the market to take advantage of it.

Yeah, that's it. :dunno:

And now oil went from $42.90 (my stop) to $43.30 in the time I wrote this fucking message. HOU went from $8.32 to $8.49 in this 3 minute time frame.

[e36bmw///]

nm

[Z_Fan]

I trade HOU daily. I don't hold positions over night except for that one time which you are probably talking about. I sold it once it gained enough to get out. Then I bought it back at $7.62 yesterday only I sold it before the rally. I think I sold it $7.9x yesterday.

Bought back in this morning, and have been trading it today. But I got caught and missed a $.17 spread where I should have just held shares. In any case, OIL is looking very strong, now trading in positive numbers. Ha, well, it was 10 seconds ago. Now it's down about .10 from close.

[bigbadboss101]

Gold stocks are up nicely, to an lesser extent Kinross. Gold at $902.xx

[e36bmw///]

nm

[DJ_NAV]

But since gold is soo high, wouldn't you expect it to come down?

[bigbadboss101]

Hey we should have a Beyond Stocks chat thread meet sometime. On a warmer day with dry roads.

[SilverRex]

wow I could'nt have forecasted a more accurate bounce at 41.50 4 hours ago, if I can do this every day with a 90% accurancy I can quit my day job lol. anyways 41.50 is where all the bulls line up, there is no contest here

best chance for bear to have some ammo is at 43.70 and 44.50 if these level doesnt hold, and oil is on a direct path to 49-50

[max_boost]

Gold is just nuts today.

As for oil, the bulls are winning. Blah I just don't get it but whatever. Now if there is another 12pm rally, I'm going to get stopped out of HOD. This is crazy :nut:

[broken_legs]

ba da, ba da, ba da, ba da,

Beeeeeeeeeee ba da ba da boh!

[bigbadboss101]

Good job on those who bought oil earlier. With the ETF's it's win big, lose big. HGU up $2 today.

[max_boost]

Well got stopped out. Waiting on the sidelines now. I am confused.

Technical analysis wins, a rally was in the works.

[Z_Fan]

Walked away from the computer and oil shot up $2.00

I missed it. Ooops.

[SilverRex]

wow OIL IS bullish after breaking the last resistance at 44.50, bears lost totally wiped out

[DJ_NAV]

wow wa wee wa.

[dj_honda]

i slept in and got on the hou train a bit late lol. damnit. ah well...up a bit now....

is anyone holding it over the weekend?

[broken_legs]

I just booked $2700 Sold all my HOU at 9.84


Will be buying some back when it takes a breather here

[DJ_NAV]

anyone gonna buy hod for monday?

[civic_rida]

i sold hou at 9.50 after i bought it this morning for 7.89 :love:

[DJ_NAV]

^good job... i was gonna do the same but my order for 8 didnt get filled...

[SilverRex]

now there is a bullish hammer forming on the monthly chart.
could this oil simply be a sign that the market is gear up for the rally we've been waiting for?

DOW to 10k come on

[broken_legs]

http://i274.photobucket.com/albums/jj259/broken_legs/ajn23.jpg

[dj_honda]

wow nice^^

[DarthHonda]

do you guys think HOU will hit $10 today?

[broken_legs]

Originally posted by DarthHonda
do you guys think HOU will hit $10 today?


Perhaps...


I see another trend that was just broke on HOU though.

I have a buy in at 9.15, if it violates that I will rebuy again lower. I almost want to buy HOD right now and ride it back down to the trend

[max_boost]

Wow I did not see this one coming.

For those of you who made really good coin on HOU. :thumbsup:

[DarthHonda]

Originally posted by broken_legs



Perhaps...


I see another trend that was just broke on HOU though.

I have a buy in at 9.15, if it violates that I will rebuy again lower. I almost want to buy HOD right now and ride it back down to the trend

I wouldn't buy HOD until 3:30 ET at least if I were you...I don't think I can stomach to see it drop another buck or two.

[SilverRex]

its gone up too fast, there is the chance that it can get back down to the breakout at around 44-44.50 area

[DarthHonda]

Originally posted by broken_legs



Perhaps...


I see another trend that was just broke on HOU though.

I have a buy in at 9.15, if it violates that I will rebuy again lower. I almost want to buy HOD right now and ride it back down to the trend

I wouldn't buy HOD until 3:30 ET at least if I were you...I don't think I can stomach to see it drop another buck or two.

[broken_legs]

Yup... just bought 600 HOD at 22.71

[max_boost]

I got back into HOD at $22 after hitting my stop at $24. :nut:

[e36bmw///]

nm

[Rat Fink]

.

[broken_legs]

Originally posted by broken_legs
Yup... just bought 600 HOD at 22.71


And im out of HOD @ 23.51 for a quick 475.00

[Z_Fan]

LOL I made some bad choices.

Despite having bought in to HOU at 7.9x this morning, I think I only made $90 today after all my fuck-ups.

If I would have done nothing at all, except sell it now, I'd be way way ahead of the game. Hahahah. :poosie:

[e36bmw///]

nm

[bigbadboss101]

Originally posted by e36bmw///
wow oilexco up 40%

That's because I sold this morning!

[SilverRex]

i sold and hope it at least get into the 44-45 range for buying back :)

[R-Audi]

There is a nice little Private placement of MMC going on right now.. $0.05 per plus you get 1/2 a warrant of $0.10 in two years.

MMC develops applications for RIM/BB, iPhone and a few other platforms. They recently won a BB contest for best new application. Plus they are local.

[broken_legs]

and im back in HOD with 600@ 22.63


Originally posted by e36bmw///
wow oilexco up 40%

Whats that like $0.04? haha

[DarthHonda]

Originally posted by broken_legs
and im back in HOD with 600@ 22.63



Whats that like $0.04? haha

does it matter? the point is if you bought before you'll be up 40% of whatever you spent...

[Rat Fink]

.

[broken_legs]

Originally posted by DarthHonda


does it matter? the point is if you bought before you'll be up 40% of whatever you spent...


Actually on a penny stock it matters a lot because at least 0.02 of that 0.04 increase in price is taken up by 2,500,000 shares in front of you and you will never get your bid or ask filled.


Say its low was 0.10 yesterday but you had to buy it at 0.11

Say its high today was 0.14 but you had to sell at 0.13


So yeah it does matter

[Z_Fan]

Correction, after all my stupid trades today, and buying in to HOU at $7.9x, I made a grand total of $37.00

:facepalm:

Fail.

[DarthHonda]

I see...I've never done penny stocks before...learn something new everyday :)

[DarthHonda]

Originally posted by Z_Fan
Correction, after all my stupid trades today, and buying in to HOU at $7.9x, I made a grand total of $37.00

:facepalm:

Fail.

ouch...I wish I bought at 7.9x lol, got left holding the bag yesterday buying at 8.39, but listened to my gut and hung on, sold at 8.56, kept buying and selling all the way up to 9.66, now I'm waiting for it to hit 9.8x again.

[natejj]

Its a good thing... I don't own a gun....

[broken_legs]

Next 15 minutes prediction:

Hou tests 9.30 again, my buy order fills while im at lunch


I get back to see it has rebounded nicely and started a new upwards trend


....
EDIT:

or not


lol


...
Back in HOU at 9.68.... Trailing Stop is on and im heading for lunch

PEACE!

[bigbadboss101]

Who is bull, and who is bear? And who is gonna flip flop for the time being?

[natejj]

I'm in HOD at 22.56.

[tryingtobebest1]

anyone keeping Gold over the week end?

[ExtraSlow]

I'm still bullish on Oil. Although I now see that HOU wasn't the right investment for me, as I'm used to short term investments.

[e36bmw///]

nm

[DJ_NAV]

I still got some HGU... bought some and sold some of it today too.

[civic_rida]

i sold everything so i can sleep this weekend. ill think over things for monday

[max_boost]

Originally posted by bigbadboss101
Who is bull, and who is bear? And who is gonna flip flop for the time being?

Bear, 3400 shares @ $22.XX

Trying to make a comeback next week. :drama:

Had two chances to pull the trigger on HOD and didn't and it hit my stop. I fail. EPIC FAIL. :thumbsdow

[Z_Fan]

Originally posted by civic_rida
i sold everything so i can sleep this weekend. ill think over things for monday

Me too. Fuck this shit.

[bigbadboss101]

Gold should be safe to keep over the weekend. Oil is all over the place. Soybeans, not good for men.

[DJ_NAV]

^Gold bull or bear?

[dj_honda]

Originally posted by max_boost


Bear, 3400 shares @ $22.XX

Trying to make a comeback next week. :drama:

Had two chances to pull the trigger on HOD and didn't and it hit my stop. I fail. EPIC FAIL. :thumbsdow

i sold hou for a small profit and got in on hod. got in at 22.xx, so im with max...although not nearly as many shares lol. fuck can't sleep in on monday...im gonna set like 2 alarms.

[DJ_NAV]

i got hod at 22.8x as well... gonna come to work at 7:30 on monday.lol.

[bigbadboss101]

i should get an aircard so I can trade on the bus.

[max_boost]

I'm use to losing and I'm so jaded right now I don't even give a shit. I'm serious too. Fuck this shit!

Fuck bloomberg too.


Crude Oil Rises on Speculation OPEC Production Cuts Will Reduce Stockpiles

That's total :bullshit:

I'll say it again, there is no substance to this rally. The world is in a recession. Where the hell are the rest of the quarter 4 earning reports! Watch for it, $30 oil!

I'm weak and I fail because I'm unable to go with the trends. I even told SilverRex at badminton, if oil rises and there's any hint of a rally, I'm selling and jumping on the HOU train. Today I was up early at the computer and ready to pull the trigger but I couldn't. I was too stubborn, therefore I fail! My emotions got in the way!

Ahhhhh......:facepalm:

Until next week!

[e36bmw///]

nm

[BigMass]

Just remember, every type of commodity will go up if the dollar crashes. Don’t be stuck short oil the day the US dollar tanks. There are many factors to the price of oil going up and down.

[max_boost]

^

While true, you know if that happens, it's going to go from a deepening recession to an all out Global Depression v2 right?

Why do you think China is buying up all the IOU's from the U.S? Because they know what will happen to their economy otherwise. If you think it's bad now, it can worse 10X.

[broken_legs]

Well I went all in again on HOU.

Im pretty confident next week is going to be good for the markets.

Look at the VOLUME on the DOW. We have been up and down with big intra-day drops followed by big intraday rallies. These big volume days churning through in and out around the 8000 level on the DOW is what we need to start setting in some support and making a bottom. I'm not saying this will be THE bottom, but a short term (3-6months) launching pad for some sort of Obamma/TARP V2.0/Stimulus injection based rally.

Even Joe Terranova was saying that oil has bottomed. Although I don;t necessarily believe its not going to 30 again, im pretty sure were going to take a run at 50, and by the march contract, maybe even 55 before it starts trending downwards again.

The market has *tried* to do another 5% down day but it's just not happening.


I believe that oil will run at 50!

I believe the market will have another big correction in a few months from now, but for the mean time we're setting up for 9000+ on the DOW.

I believe in Obamanomics!

EDIT:

I will also say that with a lack of clear market sentiment a lot of people are trading on technicals. Trading HOU/HOD today was like shooting turkeys in a barrel. This was my most successful day trading ever and it goes against every fundamental piece of data/analysis that I have compiled.

[broken_legs]

http://www.rigzone.com/news/article.asp?a_id=71899


http://www.rigzone.com/news/article.asp?a_id=71974

[Inzane]

Tried to cash in on the precious metals rally today. (Tried is the key word).

Set a sell on my ABX at 50.00. It peaked today at 49.43. D'oh.
Set a sell on my SVM at 2.85. It peaked today at 2.82. D'oh!!!

Oh well, I hang on to sell another day I guess. :dunno:

[hattonlynch]

fuck this shit....I'm not even fucking with any energy stocks and sticking strictly with gold miners and industrial commodities. I've been burned already a couple times trying to predict bottoms.

[max_boost]

So I just realized that Chinese New Year is on Monday and I'm mentioning it because I'm Chinese.

Time to wipe off 2008 and move on. It's like getting another chance to start the new year again so I hope I get it right this time!

:drama: :clap:

[civic_rida]

this week ill just do the opposite what maxboost does ;)

[ExtraSlow]

Originally posted by civic_rida
this week ill just do the opposite what maxboost does ;)
Can't lose.

[max_boost]

Originally posted by civic_rida
this week ill just do the opposite what maxboost does ;)

:werd:

If I get stopped out at $20 on HOD, I'm taking my 3400 shares and boom, outta here. :facepalm:

That's the final straw for me. :drama:

[eljefe]

Originally posted by civic_rida
this week ill just do the opposite what maxboost does ;)

This week I'm with Max......I think this the week he rebuilds his wealth and kicks oils big bad ass!

Go Max Go !!

[SilverRex]

Originally posted by max_boost


:werd:

If I get stopped out at $20 on HOD, I'm taking my 3400 shares and boom, outta here. :facepalm:

That's the final straw for me. :drama:

just curious how do you determine what stop to use?

sure 20 dollar HOD sounds like a good number but the exact opposit happens as 20 also seems like a good support level.

lets examine this, oil is at around 46 and HOD is about 23, so if oil was to goto 49-50 (which will be a huge resistance) then the 4 dollar ish gain is about 8-9% x 2 ETF it would mean HOD will drop another 18% bringing it down potentially to 19 dollars.

and whats more kick in the face to see you put a stop at 20 only to see the sub 19 level holds and reverse back to 25? right?

If you are going to put a stop around 20, it would make sense to have it below 19 instead.
Thats just my own play if I was to short HOD right now (although I would wait till HOD is actullay around 19-20 to make a move):)

[RX_EVOLV]

i agree, if oil hits $50 i wouldn't mind holding some HOD. I actually was planning on buying HOU on Fri after selling HOD at $28.86 on thurs , but I wasnt able to be around a computer all day on Fri and dont want just to place a blind bid.... now I wish I did! but if Oil hits $50 you can bet that I will be all over HOD.. so I guess that translate to ~ $19/share for HOD.

[max_boost]

I was just tired and jaded when I made my post last night. Up at 6am yesterday morning to get ready to watch stocks at work, failing to pull the trigger, being pissed off at myself and then work a super busy day up until 10:30pm will drive you :nut:

Anyway, now that I had a good night's rest I can think normally.

I try to rationalize everything that happens even though it doesn't always make sense. I'll leave the technical analysis to broken_legs and SilverRex.

Fact is, global economy is in the shits which is why you'll noticed the last coupe sessions, oil starts off the day minus $2-$3. That's what's great about the rest of the world, they know things aren't looking good. They are realists.

But again, 90% of oil gets traded on the NYMEX and it is here whether it's the super wealthy league of extraordinary gentlemen behind the curtains pulling strings, there is merit to what broken_legs is referring to Obamanomics. He has the ability to articulate his points and touch base with the people and give them confidence. Everything is driven off consumer confidence.

I really shouldn't be surprised that oil is making a drive for $50 again. It's tried to do that twice already and we've seen what happened after. I was too wrapped in my own ways to even consider that (emotional trading).

Anyway, I see the same thing happening again on Monday morning. Asian markets continue to drop, oil to drop at the beginning of trading day and another rally later in the session. This will give me a chance to break even on my HOD and switch over to HOU for the test at $50. Be assured that I'll probably get out in the $48-$49 range as I don't think it can crack $50. I'll buy a portion of HOD at the $49 range and the rest should it magically break across $50.

Remember people, this is the death quarter. 95% of the companies reporting their quarter 4's will have missed and some will be in a lot worse shape than you realize; especially the banks. The financial sector is what's going to send the markets tumbling down again. Obama can't fix the credit crunch right away. It's a lot more complicated than removing toxic assets from the balance sheets. Nationalization anyone? Lending money to banks with strings attached? Just different wording right?

As for the stimulus, again, this remains to be critiqued by everyone else and how much substance does it have? From what I have read, majority of the stimulus is geared towards infrastructure and that takes time to work (summer). In the short term, it's not a lot of help to the people. Even with the stimulus, unemployment rate is expected to be in 9.X% range. Without it, it'll be over 10%.

So mark my words, $30 oil this quarter! :whipped:

:werd:

[yoda124]

maxboost you hit the nail on the head....that's why gold is soaring
HGU anyone?:drool:

[yoda124]

interesting technical analysis on gold.Heading over $1000

http://broadcast.ino.com/education/wound_up_over_gold/

opinions anyone?

[e36bmw///]

nm

[broken_legs]

Originally posted by e36bmw///
anyone notice the double top formation on HOD?


Yeah it kind of looks like the double bottom formation in oil.
;)

[max_boost]

WASHINGTON (MarketWatch) -- The U.S. economy contracted violently in the fourth quarter, with gross domestic product falling at its fastest pace in more than 25 years, economists said ahead of what promises to be a grim week of economic news.

If oil can shrug this week off, respect! lol

I don't think it'll even get a chance to test $50. We are going to make our march towards $30 oil starting this week! :drama:

[e36bmw///]

nm

[e36bmw///]

nm

[max_boost]

Toyota dragging the Nikkei down?

What site do you use to see real time feeds or 15min delays of Asia?

Oh yeah, things looking good for HOD. Oil is going to get crushed tomorrow. :whipped:

[SilverRex]

Monday Monday Monday or is it Mayday Mayday

So many different outcomes, with Dow hovering around 8000, a breakdown could be in the works, while the next major support is probablly around 6500 technically which is the bottom of 1998 and 2003.

A few things could play to a lower bottom since one article suggested in the past there was a good way to predict the outcome of the year and that is how Janurary plays out. In 2008, when Jan dropped 6%, the market closed down 40% to end the year. And so far in 2009, we are down 10%, that means there will be further weakness.

But since I dont trade the general market, not going to care,

so lets look at the two important things.
Gold and oil.

For those that are just blown away at how strong oil is recently, dont forget that technically oil has been looking more and more bullish, you have a few factors in the works making oil a good run.

1.Technically it has been down 7 month straight with out a significant bounce or rally.
2.Technically higher level charts are indicating a bottom has been placed in and many long term investors are looking for entry
3.Oil also plays to the performence of the US dollar, which means weak US dollar fuels oil prices.
4.There are more and more volume pouring into oil.

so my conclusion, oil will remain to be strong somewhat short term and at currently prices the entry point has higher risk than reward, I would wait for a healthy pull back before stepping in of course unless one already has a position.

but caution as the daily chart does look like its ready to top out, with oil currently at around 46, it needs to break 47 to advance to 48 and I to believe 48 will hold for now making the possibily of price below 46 more than likely, a break down below 45.21 should triggle a sell off to about 44 which would be the break out trendline late last week. while there are so many key supports one at 43.50 as well as 42.38 God knows which of these is the ultimate entry if oil is to head higher.

either way I'm looking for oil to dips first before heading back up.

on the gold front, last friday was a huge performence, with price testing over 904 this morning and silver over 12 dollars. Gold is at the all important juncture. 920, I can only imagine 920 will be a very good resistance for this time around, because not only is it the last trendline to break beforing opening up towards 1033 but it is also the previous peak that it was unable to break back in october. So it may will be soon for gold prices to come back down.

my wishful thinking wants me to believe I can still below 800 gold prices, but with such strong momentum I'll say the point of entry now lies around 870 and 850 before I begin any type of position.

and silver I will wait for low 11s, it is starting to look like silver at 10 may be a part of history.

The confusion contradiction is, the US dollar index appears to find resistance at around 86, a crash of the US dollar will on doubt send gold prices higher, therefore it will be important to follow this. And if Gold prices are to pull back, would this mean the market is about to rally at around 8000 DOW? I suspect somwhwat of a rally around 8000 faking everyone DOW is putting in a triple bottom only to suddenly collaspe to 6500 hopefully the short rally in DOW will push gold back down from its all important 920 resistance and so I can get back in around 850-870.


If you think last week was interesting, this week is equally critical. For myself I am calling gold 920 short term top, and oil in the range of 40-48, but longer term I'll have to say oil will be up, there is the potential that the fall for dow to 6500 could bring oil back down into the high 30s.

[e36bmw///]

nm

[e36bmw///]

nm

[LBG]

Hey, quick question... im kinda new to all this but where can I download or see live and active with no delays of the market price's? because yahoo.com is a 15 min delay I believe? or is there no other way? thanks!

[Nova316]

With most brokers you get real time, like Td waterhouse, or RBC investorline, BMO all have real time quotes.

[e36bmw///]

nm