Official Short-term Investments Thread

[SilverRex]

is it me or is everything going up together mirroring the 2009-2011.

inflation on high gear

[SilverRex]

Originally posted by ickyflex
Bought MEG on your analysis yesterday haha.. looking good!

Bought BTE in the low 2's as well.

Rallly Rally

for Meg, 6.00 area is a big resistance. you may want to take some profit off the table as it can easily consolidate in this area before shooting any higher.

opened up a small position in k.to for short play here to see if I can catch some momentum

[BavarianBeast]

meg will be $6.50 by eod. $6 will blow by no prob

[bjstare]

Originally posted by BavarianBeast
Don't be a poosy and hold that shit

I've decided to hold over earnings, based on your analysis.

[SilverRex]

im done micromanaging my portfolio today. will see how the payroll numbers affect the market tomorrow. imo the news should turn certain markets around, my bet is on gold.

I am still believing a big shake out in gold is coming, although it hasnt happened 'yet' it doesnt meant it wont. My own feeling is that the mining sectors were very reluctant lately, even as gold is about to retest it's previous high at 1263, certain stocks like abx and k didnt even come close to doing the same. which means, equities in this sectors is dying for a correction. Feels like the big money is sitting on the sideline while the average investor will be caught holding the bag.

my schedule shows strength in gold beginning in the middle of next week which means it still has plenty of time to crash.

[SilverRex]

well gold finally poked above 1260 and produced a higher high. what I have been expecting 10 days ago, a bit late but still nice to see this happens. Now we will see just how powerful this breakout is,

so far abx and k still has yet to make a new high despite the breakout which would be concerning if anyone is still holding mining shares.

[troyl]

Might get a sale on MEG tomorrow http://www.marketwired.com/press-rel...eg-2102881.htm

[bball2]

Another strong opening for gold. SUNE is still a gong show, was up 25%+ on good news at opening, and now slipping back down

[SilverRex]

oil after a few days of consolidating in the 34-35 area, it has now produced what looks like a rising wedge pattern on the 1 hour chart. this could a sign it may not have the ability to breakout to the upside as this pattern usually is bearish.

if oil can close above 35.5 then a breakout will be ensured or a close below 34.20 then a breakdown will begin

[digi355]

Originally posted by SilverRex
oil after a few days of consolidating in the 34-35 area, it has now produced what looks like a rising wedge pattern on the 1 hour chart. this could a sign it may not have the ability to breakout to the upside as this pattern usually is bearish.

You hanging on to HOU?

[SilverRex]

Originally posted by digi355


You hanging on to HOU?

still holding my hou.

like I said unless it breaks down (support is 34.20) then I will continue to hold until it at least hits 37+

and so far breakout appears to be on the upside

and wow Meg.to is seriously moving, broke away from the 6.00 resistance which previously rejected it three times, breaking above this is quite bullish imo, this opens up the next area up to 7-7.33

[bball2]

Looks like they have resumed operations at the Christina Lake plant;

http://www.stockhouse.com/news/press...christina-lake

[riander5]

Really wishing I had rolled the dice on BTE...

CKE, SGY, and CPG have still had decent returns over the past two weeks.

But doubling / tripling up would have been even nicer

[riander5]

oh or SDRL lol

[BavarianBeast]

Originally posted by riander5
Really wishing I had rolled the dice on BTE...

CKE, SGY, and CPG have still had decent returns over the past two weeks.

But doubling / tripling up would have been even nicer

I think you might be able to still get on some huge upside with Bellatrix.

..Hopefully

[riander5]

We have missed another 45% in gains since my last post in SDRL

WHo is gonna roll the dice??!!?!

[BavarianBeast]

Haha, fuck I was looking at SeaDrill since you posted. I was so close to pulling the trigger and said fuck it, it will probably correct back down.. HOLY FUCK!!!

[bball2]

Originally posted by BavarianBeast
Haha, fuck I was looking at SeaDrill since you posted. I was so close to pulling the trigger and that said fuck it, it will probably correct back down.. HOLY FUCK!!!

WOw I rode that from 3.85 to 4.50 and now it's approaching 6

[riander5]

How much did you put in? I hope it was everything + the kitchen sink!!!

Im totally tied up and didnt want to trade anything or i would have tossed 2 grand in

[bball2]

Originally posted by riander5
How much did you put in? I hope it was everything + the kitchen sink!!!

Im totally tied up and didnt want to trade anything or i would have tossed 2 grand in

Not much, just 200 shares worth :-P