Official Short-term Investments Thread

[bigbadboss101]

There is your Oilexco company statement.

[Z_Fan]

CALGARY, ALBERTA--(Marketwire - Jan. 27, 2009) - At the request of the Market Surveillance, on behalf of the Toronto Stock Exchange, Oilexco Inc ("Oilexco" or "the Company") (TSX:OIL) (LSE:OIL) advises that it is not aware of any corporate developments that would be impacting the trading of its stock. On Friday, January 23, 2009, the Company issued two press releases in the UK containing the names of several Company insiders who had stock purchased on their behalf as part of the Company's Employee Stock Purchase Program. Such purchases are administered by an independent body and occur routinely at a pre-determined date once per month. The announcements of such stock purchases are also considered routine and in accordance with UK regulations.

About the Company

Oilexco shares are listed for trading on the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) under the symbol "OIL".

Forward Looking Statements

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Oilexco's control, including: the impact of general economic conditions in the areas in which Oilexco operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore Oilexco's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, which Oilexco will derive therefrom. All statements included in this press release that address activities, events or developments that Oilexco expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include future production rates, completion and production timetables and costs to complete wells, and production facilities. These statements are based on assumptions made by Oilexco based on its experience perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

[bigbadboss101]

People are still buying at .24, 4x last Friday's low. Either something leaked, or people are drumming up the stock price and then dump.

[Z_Fan]

To me it has all the signs of the classic pump and dump. I've been burned too many times, so I stayed the hell away. If you were in Friday or even early yesterday, fine, but the time to BAIL was at .30+

Now, I hope oil, and OIL fall like mad.

[e36bmw///]

nm

[SilverRex]

^

yes Ive seen this happen to penny stocks, there was so much strength and at one time I was so close to pull the triggle but I didnt, but a while later, the stock went straight back down to where it begun and much lower.

[civic_rida]

anyone in hod for tomorrow morning?

[DJ_NAV]

^Will be as soon as i dump my hou here... hoping for 8.30.

[Z_Fan]

Originally posted by DJ_NAV
^Will be as soon as i dump my hou here... hoping for 8.30.

That's not gonna happen.

[dj_honda]

holy fuck. so my internet cut out for a bit, come back online and hou is at 7.88 :cry:

[DJ_NAV]

lesson learnt before: do not hold hou for more than 1 or 2 days. on the other hod is almost guaranteed to have positive returns by the end of the week, unless you bought it a really high peak.

[max_boost]

All aboard the HOD train!

3000 shares here at $26.50

Watch for it man. I am jacked up for tomorrow. We'll see $30 HOD tomorrow.

:thumbsup:

[DJ_NAV]

^didn't you have HOD for cheaper??? did you just buy those 3000 right now?

[civic_rida]

:poosie:

wish i had 79500 to blow

[Z_Fan]

I'm on the HOD train.

I hope that doesn't mean tomorrow it will be the FAILtrain. :poosie:

Lost $1,079.00 today.

Not as bad as I thought it was gonna be. :rolleyes:

[ckangarloo]

Originally posted by max_boost
All aboard the HOD train!

3000 shares here at $26.50

Watch for it man. I am jacked up for tomorrow. We'll see $30 HOD tomorrow.

:thumbsup:

I'm with you man (added some more HOD at 26.45). But seeing as I'm trading HOD within a TFSA, I got significantly less than 3000 shares.

[max_boost]

Originally posted by DJ_NAV
^didn't you have HOD for cheaper??? did you just buy those 3000 right now?

Originally had 3000 shares at $22 but sold those today at $25.50.

My original sell limit was $26 and then I bumped it to $26.50 but the itch got to me so I sold it lower at $25.50. I was hoping to get back in around $24-$25, you know, the usual 12pm oil rally but that never came through. HOD got up to as high as $27.25!

Tomorrow is going to be crazy. Another 6million barrel increase in inventory and oh snap! Watch for it at 8:30am our time.

$39 oil we test tomorrow!

I told you guys. Death of the oil price starting today! :devil:

[broken_legs]

Dont know if any of you guys are aware but the Oil Inventory numbers were released today at 5:30 ET. The government numbers will be out tomorrow.

The numbers are out there was a build of inventory again... Of course but it was only 800,000 barrels but whats important is it was not 5 million more than the 3 million estimate like the last couple of weeks.

Im still holding some HOU. Got caught working while oil sold off today.

I figure its going to open higher like it has every other day before the inventory numbers are out and then will sell off on the data... OR the Government numbers match and oil hangs out for a bit before starting a new trend.

[broken_legs]

Read This:

http://www.bloomberg.com/apps/news?pid=20601110&sid=aJ2FYEfQwuGM

People are selling oil from Tankers now; Also has the API data that was released this afternoon

[natejj]

I'm on the HOD Train at 22.50... guess that puts me in First Class? :D

[max_boost]

I'm hoping for a $3 drop in oil price = 15% gain on HOD.

My limits are set at $30.

After I sell, I'll just chill out and wait till the end of the day and market order that shit again. After the rally that ended this past week, I'm well aware that ANYTHING can happen and the tides can change quickly.

But still, it's the death quarter.




http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=b751b6f3-8926-4767-8b3d-f998c3f3cc12

"You are going to see some net earnings losses this year, there's no question of that," he said.

"Fourth-quarter results are going to be very, very weak. And they're a bit of a glimpse of the future because oil prices in the fourth quarter were better than they are today.

"We had oil prices averaging close to $59 (US per barrel) in the fourth quarter and this industry didn't make any money. So, at current oil prices, investors are going to be looking at these results and concluding they ought to be concerned."

About two-thirds of Calgary-based energy trusts have reduced payments to investors.

Canadian Oil Sands Trust, the largest partner in Syncrude Canada, releases its results Wednesday and is followed by integrated majors Petro-Canada and Imperial Oil Ltd. and drilling giant Precision Drilling Trust on Thursday. Royal Dutch Shell, parent of Shell Canada, also reports Thursday.

Other earnings to watch for that will drive the markets


Wednesday:
AT&T (T) EPS 0.65
Pfizer (PFE) EPS 0.59
The Boeing Company (BA) EPS 0.78
Wells Fargo & Company (WFC) EPS 0.33

[max_boost]

Originally posted by natejj
I'm on the HOD Train at 22.50... guess that puts me in First Class? :D

Takes a lot of discipline to not sell!:eek:
At least you didn't get caught like I did last week! :drama:

[kaput]

.

[troyl]

They are Horizons beta pro ETF's, which trade according to the price of oil. HOD-rises when oil falls (short oil), HOU (long oil).....

http://www.hbpetfs.com/

[max_boost]

This sums it up.

Even the CEO's are being realists

http://www.bloomberg.com/apps/news?pid=20601208&sid=aHn4MC53wmcg&refer=finance


Gloom Deepens Among World’s Chief Executives, Davos Poll Shows

Just one in five of 1,124 chief executives in 50 nations said they were very confident about prospects for revenue growth in 2009.

The speed and intensity of the recession has rocked the psyches of CEOs and created a global crisis of confidence.

They meet as the world economy hurtles deeper into recession, banks add to more than a $1 trillion in writedowns and governments tighten their grip over the financial system.

The global economy is impaired for years to come with recovery very anemic.



Looks like I might have to short the TSX60/S&P here hehe or go long when the recovery begins.

Now does anyone know if it's as simple as 2X returns? There's no contango or backwardation or rollover price shit to deal with right? lol

[max_boost]

Originally posted by kaput
What is HOD and HOU? I finally got curious to see what all the fuss is about, googled the symbols and came up with some Japanese sounding hori things? Anyone have a for dummies link explaining this?

Just a matter of time before I get all of Beyond reading this thread for updates on where to put their money haha jk

HOD and HOU are the stock symbols from the company HOrizon BetaPro. They are ETF's (exchanged traded funds). This one tracks the intra-day movement of the NYMEX crude oil price.

Now if oil price is down 10% and you bet on the price going down (HOD), then you would gain 20%. It's 2X the gains.

Conversely, if oil price is down 10% and you bet on the price going up (HOU), then you would lose 20%.

So your losses/gains get magnified. Definitely not for everyone. I almost lost it this past Friday. :rofl: :nut:

[kaput]

.

[civic_rida]

be careful or you will get burned lol.
These arent stocks you want to hold onto for long term.
When i first got into I thought I would just hold onto hou until oil went back up 140 dollars someday.

[e36bmw///]

nm

[max_boost]

Originally posted by kaput
Very interesting, thanks. How does the magnification come about? I'm guessing that's related to the number of outstanding shares?

Remember, it's 2X the risk/return.

Traded like a regular stock so you can buy/sell at anytime!

Example.

You bet on oil going up so you buy HOU at $8.00 (share price)

If you bet on oil going down, you buy HOD at $23.00 (share price).

Oil price today starts at $45.00 (NYMEX index)

Oil goes down $4.50 (10%) to $40.50

Because you bet on oil going up, you lose 20%. So your stock price is now $6.40

If you bet on oil going down, you would gain 20%. So your stock price is now $27.60

Make sense?

Now the percentages aren't exact but it's close enough.

[civic_rida]

Im hoping to sell hou first thing in the morning for a small profit and then hod after when the news hits.

[max_boost]

Originally posted by civic_rida
be careful or you will get burned lol.
These arent stocks you want to hold onto for long term.
When i first got into I thought I would just hold onto hou until oil went back up 140 dollars someday.

hahaha sorry bro, if it's any consolation, I got burned too. I still remember explaining it to you that it was as simple as oil price going up and down haha On the surface it is, until we found out the rest of the bs that came along with it.

kaput, I wouldn't recommend HOU or HOD due to how complicated it is. You have to learn about things such as rollover price, backwardation, contango etc. That shit will mess you up since there's so much involved haha

[e36bmw///]

nm

[Z_Fan]

^ That's how it works for RBC.

[e36bmw///]

nm

[kaput]

.

[4DoorGTZ]

Originally posted by Z_Fan
^ That's how it works for RBC.

All trade orders are charged an applicable commission rate on a per order basis. For instance, if multiple trade orders are placed on the same day, for the same security, and on the same side of the market, each individual order will be subject to the applicable commission rate.

^TD Waterhouse, damnit.

[eljefe]

Interesting morning coming- Oil for the March contract is slightly down, the forward months are up. The DOW S&P and Nasdaq in premarket are way way up currently, due mostly to the vote in the House today on the US Stimulus bill. It will or at least should pass the House with very little resistance, the resistance will come after the House. Oil may just run up this morning with the DOW.

[SilverRex]

Let see

so after oil breaking the all important channel yesterday only tells me oil is bearish short term (which means you will get alot of sell on rallies type situation)

oil touched 41.02 frankly that is the 0.5 retracement between 48 and 33 low.

I would say ideal price for entry will be at around 39 since that is the last retracement with downsidke risk to 37.

it will be difficult to gauge where the bottom might be since now the market is gearing up for the stim pkg and this might just stop the bleeding for oil making the 41 low a temp bottom.

My own strategy would call one position splitting into 3, one at 41, the other at 39 and finally one at 37 to cover the down side risk but maintaining exposure to the market incase oil decides to make another run.

With OPEC starting to take action with real production cuts, oil could be range bound, the only question is, is it a 40-50 dollar range or is it 33 to 50.

But over all picture remains bright for oil that the 33 has bottom out. And it is still looking good that anything below 40 is a good play for oil.


for gold, while it broke 896, it has turn bearish, but you cant rule out the fact that it can still gain strength, so bull if it gets over 901 and bear if it gets below 885.

EDIT: of course if 41 was the bottom because of the 50% retracement, then I would wait for oil to get back above 43 dollars and stay above it for a bit and wait for a pull back towards the 200 day before getting in. Otherwise I still believe the 43 break yesterday is now becoming a resistance and price can suddenly get rejected if it touches it.

did I confuse you? I wont go long on oil unless it starts hitting 41, 39 and 37, and if it rallies strong pass 43, then I will wait for pull back to get in.

[e36bmw///]

nm

[e36bmw///]

nm

[DJ_NAV]

everyone gettin ready for inventory report?

[Blownturbo]

Originally posted by DJ_NAV
everyone gettin ready for inventory report?

Yeah It's killing me.
crude oil prices are barely moving right now... so there is no indication on which way it'll swing :banghead:

[bigbadboss101]

Originally posted by e36bmw///
man, if oilexco rises another 80% today, ill be pissed cause i sold

It could go down 50% since company said there is no substance
to the upward price movement. On the other hand if there was a leak of good news it might remain at this level and up.

[max_boost]

Originally posted by DJ_NAV
everyone gettin ready for inventory report?

:werd:

:drama:

8:30am!

I could have slept in more!

I kept thinking 8am in my head and I was too excited and only slept a few hours here and there last night. Oh shit man it's totally going to wreck my day if I don't see at least 5 million+ :rofl:

[e36bmw///]

nm

[SilverRex]

im going to throw out a guess that the report will push oil to 39-40 but will rebound quickly and hold above 40, then we would have a 39-49 trading range for the next week or so.

I pick 39 because its the last retracement from its 33 low to 48 high.

right now its playing around 41-41.50 (50%retracement)

I'm setting my orders at around 39 and 37

[broken_legs]

Oil Service stocks are rallying right now...

API data was already out last night. Everyone already knows the news.


Hmmmmmmmmm

Im torn here.

[SilverRex]

^

well if you look at how oil moved last week you can confidently say there will always be buy back opportunity.

So either get in low or I will wait for a buy on dips if it indeed rallies from here. No shame in that.

im picking HOU at 6.9 and one at 6.15 to reflect 39 and 37 oil

[max_boost]

I knew it!

I knew it!

6.2 million barrels motherfuckers!!!

:thumbsup: :thumbsup:

[broken_legs]

Build of 6 millions barrells


But gasoline inventories DROPPED.



Expect oil to follow the financials and broad market action.

[4DoorGTZ]

Damn TD and their blasted computer systems. I've had an order stuck in "pending cancel" status for an hour now. And everytime I try to call in a trade i'm waiting 10-15mins and miss the dips I wanted to buy at, grrrr.

[SilverRex]

its now playing the 41 oil area, I hope it breaks to the next low towards 39

[broken_legs]

hahahah oil is rallying..


wtf

[mdeluxe]

wow UTS up 100% this morning

[max_boost]

I know!


It's rallying!

WTF!!

:rofl:

[broken_legs]

Originally posted by mdeluxe
wow UTS up 100% this morning



Fort Hills
Total's UTS Energy bid a ‘shocker'
French company's move on Alberta oil sands play could draw rival offer

[LBG]

MAN, I have been waiting for the same thing "pending cancel"......... its been 30 mins now and no answer........ fuking TD

[SilverRex]

wow the hammer that formed on the 15 min chart right at 41 buck, looks like this is it boys.

if my technical view is correct, oil isnt going down further im back to my original strategy of 41, 39 and 37.

ive enter hou now :)

[4DoorGTZ]

Originally posted by LBG
MAN, I have been waiting for the same thing "pending cancel"......... its been 30 mins now and no answer........ fuking TD

Mine finally went "historical" took 1hr20mins
... and now my new order sits there while it "could be filled" for nearly 5mins and NOTHING.

I think TD's trading system has taken a dump today. Figures when I have the day off and can do some trading.

[LBG]

Originally posted by 4DoorGTZ


Mine finally went "historical" took 1hr20mins
... and now my new order sits there while it "could be filled" for nearly 5mins and NOTHING.

I think TD's trading system has taken a dump today. Figures when I have the day off and can do some trading.

yea... totally agree. I'm still on the phone waiting........

[civic_rida]

what is going on today.

[SilverRex]

"Alert - Trading Issue With Some TSX Senior Market Trading Symbols

This morning between 9:30 and 10:30am we experienced difficulty in getting some orders to the TSX Senior Market for trading symbols beginning with letters A through M.

We are reviewing the effected orders to determine whether an order(s) deserve a fill and if so we are working diligently to process those fills in your account.

We apologize for the inconvenience and will provide a further update as we go forward"


this would be nice since when market opened I had an order at 7.55

[max_boost]

My buddy's TD account wasn't working either.

Keep a close eye on things. I might be axing my entire HOD lineup here because the markets are so strong today.

This is more than likely to rally the markets and drag the oil price back up. Remember last Thurs/Fri? Well I do! So my stops are very tight on HOD.

http://www.bloomberg.com/apps/news?pid=20601068&sid=a7C_TByBPOzA&refer=economy

House Set to Vote on Obama’s $816 Billion Fiscal Stimulus Plan

[bigbadboss101]

HOD went up 40 cents in 1 min.

[SilverRex]

dam TD it again has to pick the worst day to shit the beds.

[max_boost]

Does anyone know what time they are voting on the stimulus plan?

I want to get the fuck out before that shit passes! I thought it was supposed to be 2 weeks away?!:nut:

[civic_rida]

got out of hod at 27.65 and got into hou at 7.55

[dj_honda]

fuck im trying to get out of hod at 27.75. i saw it tick to that but fucking TD....the order doesnt fill.

[max_boost]

Fuck I can't decide what to do right now!

[max_boost]

You guys want to go drive up 89coupe's stock?

DVT.TO

Unless I'm reading wrong, volume is currently at 0? lol :rofl:

[eljefe]

Originally posted by max_boost
Fuck I can't decide what to do right now!

A bird in hand is better than two in the bush, if you're up right now.

[SilverRex]

im in too at 7.56 HOU,

its either 41 oil or 39

I have spread out my position 41, 39 and 37

7.55, 6.85 and 6.15

so far so good :)

if 41 doesnt hold, then I welcome 39

[badlivertt]

goddam tfsa trading accounts. the biggest drawback of these is the lack of room to average down on your stock.

[ExtraSlow]

Really been enjoying the HOU forum on Google finance.
Best post of today:
"Ok..I have watched this site and Im going to snap...it is obvious that
many many posters have no idea about this product, how it works, or
commodities investing as a whole...its like reading keystone cops..ok
lets go here..no wait..lets go back..no wait...dont blow yourselves up
Ive seen it happen way to many times. Yes I work in the industry and
yes Im a broker and this product has a very solid potential but there
are some "emotional" investors here that have no business dealing with
this on their own..or worse yet blowing up their families finances.
You are dealing with futures contracts on the price of oil...NOT SPOT
OIL...dont even look at what a barrel is selling at..it means
nothing...there are trends about to occur and with proper entry and
exit you will do very well...but from what I have read..there are some
people that need to stick to their day job.

Who are these people trying to guess trends between HOU and HOD...why
are you investing...casino..black or red..probably better odds than
your crystal ball and can blow you up just as fast.
"

[4DoorGTZ]

Originally posted by badlivertt
goddam tfsa trading accounts. the biggest drawback of these is the lack of room to average down on your stock.

Seems to be a few of us on here playing with our tfsa's.... all hoping for a tax free miracle :) Hard to get excited when you make 5% on $5k, meanwhile others are playing with 20x that :)

... TD still screwing up my hod/hou orders, I'm gonna call after close when I can actually get through and be quite pissed, see if I can get some commisions reimbursed for today.

[djayz]

Damn this thread is to intense for me to keep up with now.

Haha every morning theres like 4-5 pages added and by the time I read through them all markets have changed so much.

[badlivertt]

Originally posted by 4DoorGTZ


Seems to be a few of us on here playing with our tfsa's.... all hoping for a tax free miracle :) Hard to get excited when you make 5% on $5k, meanwhile others are playing with 20x that :)


Absolutely, I am trying my best to abuse the TFSA... but it's not possible given the 5k limit. I'm starting to think that it may be better to just buy longer term or dividend stocks (VET.UN or maybe some TRP?) and just let it sit in the TFSA...

...and then play with volitile stuff in the regular trading account for the ability to average down when needed.

[SilverRex]

15 min and 1 hour both bullish hammer ane engulfing signals. oil looking good

glad i got in at 7.56 let see how high this will take us, short term target at 45

[max_boost]

Got out of HOD at $27.50

Oil rising, jumping on to HOU now!

$7.77 :bigpimp:

Only 7300 shares though, taking it easy.

[ExtraSlow]

Keeping your volatile stuff in a regular taxed account could also be better because you can't take a capital loss inside a TFSA.

Not that anyone is shooting for a capital loss, but it happens. Better to get the tax advantage on that when it does happen.

[badlivertt]

^ good call. thanks, didn't even think about capital losses.

hm. if there are a few people on here playing with TFSAs, may I propose a bit of a game?

with tfsas, everyone starts on even footing (5k)... perhaps get a few people and wager a 6-pack of grasshopper for the biggest market value TFSA on dec 31, 2009? anyone?

[bigbadboss101]

Anyone buying gold stocks today?

[civic_rida]

didnt you hear oil is going up to 50 dollars today :poosie:

[max_boost]

^^

Going to wait a bit until it pulls back to low 800's.

As for the TFSA, I'm going to wait a few years until I can accumulate a decent amount in there before I utilize it.

[4DoorGTZ]

Originally posted by badlivertt
^ good call. thanks, didn't even think about capital losses.

hm. if there are a few people on here playing with TFSAs, may I propose a bit of a game?

with tfsas, everyone starts on even footing (5k)... perhaps get a few people and wager a 6-pack of grasshopper for the biggest market value TFSA on dec 31, 2009? anyone?

I'd go for that, I'll disclose that i'm already up 5%. (ya ya baller)

[max_boost]

Originally posted by civic_rida
didnt you hear oil is going up to 50 dollars today :poosie:

lol I don't know about that. It depends how good this stimulus package is. Even then, I'll give it to $45-$48 MAX before it tumbles down again.

Why the drop? Because it's the death quarter. It's inevitable.

I'm only on HOU to make a quick flip and I know the stimulus bill will get passed and the markets will play off it.

Oil isn't going up or down right now, it's waiting for news too! lol

[LBG]

what time does this news come out?

[max_boost]

^^

Not sure and that's what I'm trying to find out!

The chances of it not passing are slim. How much substance the stimulus has, I'm not sure but it'll be enough to move the markets right now. Optimism reigns. Even a bear like me has to admit it.

BTW, in light of the financial sector gaining, picked up 3000 shares of HFU at $5.40. We'll see what happens the rest of the week.

[civic_rida]

ya that would be good to know

[max_boost]

Oh shit, oil on the rise.

In the words of 89coupe,


God I love money :bigpimp:

[SilverRex]

its pure technical now, the 41 oil area is 50% retracement dont think of a second that these retracement values are worthless.

anyways im up about 7% on HOU looking good :D

[DJ_NAV]

fucckkk... i passed out and missed out selling hod! now its in the gutters!

[LBG]

what you guys thinking it might hit? 8.50?

[SilverRex]

^
I say it will go for 44.50 first that will be about 8.85 HOU



gold looks to trying a double bottom at 883, watch out if it hits 900 its going to take off

im still waiting for a huge sell of for gold back to the 850-870 area.

oil if it climbs above 42.50 it will be officially over, which means bear lost this one and next move towards 44.50-45 this area is a downtrendline and I see it rejecting the bulls back to the 200 day moving average which by then it will be some where in the 42.50 area.

I'll unwind at 44-45 then wait for dips back to 42.50 to resume leg up

[DJ_NAV]

max... any good news coming up for hod anytime soon?

[max_boost]

^^

Bro, there is lots of good news for HOD but you have to understand market sentiments right now.

There's a lot of optimism with the Canadian budgets passing AND the pending approval on the $850-1000 billion American stimulus plan.

You have to go with the trends.

I'm a bear at heart and it's evident as everyone in this thread knows it but even I have to switch sides to profit.

$ > Emotions.

Last Thurs/Friday I traded on emotions and it cost me $15k. Not no more.

It's very volatile. Hang in there. I can't guarantee anything but I think the markets are going to be positive for the next few sessions unless complications arise from the stimulus plan but seeing how Obama was schmoozing the opposition, it's 99.9% it's going to pass.

[broken_legs]

Originally posted by max_boost




Why the drop? Because it's the death quarter. It's inevitable.


I don't know if you've been paying attention Max, but the death quarter has already been reported.

The Financials are the biggest pull on the major indices right now and they are going to be rebounding. Their reporting is finished.

Buy some XLF and ride it up for a few weeks. Then before they report again buy some SKF and double your money.

I dont think we test lows of anything again until next quarter at the earliest.

Obammanomics FTW

[DJ_NAV]

i dont think the annuals are reported yet for any of the big companies.... the annuals come out march-may. december end quarter results will start coming out soon i think.

[DJ_NAV]

all the stocks are up today... meaning there will be some crashes(corrections) tomorrow.