Official Short-term Investments Thread

[ercchry]

Woo!

https://www.bloomberg.com/news/artic...ts-in-15-years

Hopefully this goes well

[Kloubek]

I sure hope so. I have 80% of my portfolio tied up in oil. Made a decent jump when OPEC cut, and am hoping this is the start of recovery for the sector. (Both personally, but also from an economic standpoint)

[Vanish3d]

I have enough oil position. But highly considering dumping all my other gold and silver to buy oil at open.

[KO22]

Dumped all my money into oil morning of Nov 30th, slowly buying shares on the rise up.. flames win, opec and non opec agreeing.. good weekend

[ercchry]

I'm not even sure how to play next week? Let oil holdings ride, or sell before fed announcement and roll it back into gold?

[ercchry]

Oil opens at $54

[KO22]

w0000000000

[SilverRex]

Originally posted by SilverRex
havent posted any counts on meg and bte for quite a while. But looking at it today, pending no outright crash with oil back down to under 45. the bullish view is to see oil find a bottom between 46-47 then both bte and meg will look ripe for a sub wave 3 move.

I have re-entered a small stake in both company to see if this 1-2 count remains valid. I will be using a mental stop loss. as long as the previous bottom in late sep holds, I will continue to trust this count. both company has already corrected 61% off the bottom, so definitely potential for the next up swing if oil plays it's part.

back on oct31, it looked like bte and meg was about finishing sub wave 2 and ready for wave 3.

here we are both stocks in its sub wave 3 advance. who would have thought news actually fulfilled the move up. not saying this is 100% of the time, but i have been expecting oil to make a wave 3 move up after this multi month wave 2 correction.

those heavy in energy, wave 3 is the best time to enjoy. as an example. similar breakout when barrick gold first broken above the 11 dollar resistance which went another 200%.

the reason i bring this up is that over all there are alot of stocks not just energy in the same pre sub wave 3 breakout range. lots of opportunity dead ahead. e.g.biotech is also finishing up in its wave 2 correction as well.

[ercchry]

I'd be happy with 50%... like really happy... if 200% happens?!

I feel like this week will be a practice in self control, I always bail early with things like this

[Vanish3d]

So it's not too late to load the boat on energy today?

[secol]

wow...meg up to $12 definitely missed the boat there. i was worried about this weekend not working out with non-opec so i cashed in on meg on friday.

[Vanish3d]

^ shit I think it is too late to load up. I suppose I should just be happy with my current position and look for an exit point

[troyl]

Originally posted by secol
wow...meg up to $12 definitely missed the boat there. i was worried about this weekend not working out with non-opec so i cashed in on meg on friday.

$12?

[secol]

just the premarket bids. it's down to $9.XX now

[el_fefes]

What are you guys doing in advance of the Fed meeting this Wednesday? HGD/JDST for a quick flip?

[el_fefes]

Also...

http://www.bloombergquint.com/market...-suisse-killed

CITI revived these ETNs with higher expense ratios. UWT/DWT are the new tickers

[jacky4566]

Damn. Sold all my MEG at 8 thinking this was going to be the peak before a holiday season low. Still got 25% so im happy.

[Kloubek]

Up 11% with BTE, just cashed out. It is still a long for me, but my uneducated mind expects a reduction through the day.

Up 5% on BNE too, but will likely just let that one ride as it is also a long and my position is relatively small.

Also went in on DGAZ Friday, for a 16% gain today so far. This one I feel is still a good price, looking at historical prices. Hell, it was worth double not even a month ago, and appears to be at a relative low point.

It has been a good stock day.

[SilverRex]

gold has been stuck in this stair step channel and unable to break above the neckline.

price has found its way back on light volume. I am incline to just exit my Jnug and wait for a better re-entry or until price can confirm a breakout to the upside.

also on the 5m chart, gold appears to have put in 5 waves up off the bottom, so I will at least expect a pull back from here.

[ercchry]

RRX is still stuck at that damn ~$11 resistance... guess I'm waiting till the first Wednesday in the new year and hope that everyone actually played ball