Official Short-term Investments Thread

[jdmXSI]

Originally posted by sabad66

New ETF just recently came out too. Hmmj.to

Great option if you don't want to follow individual pot companies.

up 12% today too! I wonder if it was because of the rumor that the govt might speed up the legalization process?

[SilverRex]

despite gold up 10 dollars, miners are extremely weak, I think this is a bull trap.

[secol]

hope the swingers got out of the green stuff this morning. i sold acb at 3.43 first thing

[jacky4566]

Going to take a shot at JNUG. Looks like gold might be ready to go up.

[Manhattan]

Is there news on hbc this morning?

[bspot]

NUGT is crushing JNUG today.

[zhao]

Originally posted by Manhattan
Is there news on hbc this morning?

Went apeshit, 5 day average crossed over the 20day. Went better than I expected today too. I sold it at 11.92 (bought at 10.10) and now it's slowly going down a bit.

I think now it's a gamble, but it might go up still. Too risky for my blood though.

[Manhattan]

Hudson's Bay Co (HBC.TO) shares rose more than eight per cent on Tuesday after the Canadian department store operator revealed additional financial details about its business on capital structure, debt and real estate. Shares increased 8.5 per cent to $11.95 around midday in Toronto.According to a new investor presentation posted on its website, Hudson's Bay said it has a stable capital structure that included non-recourse mortgage debt, a floating rate term loan balance of US$500 million, and flexible access to capital.

Once its retail business recovers a bit they'll spin out a REIT IPO. Its stock will easily be worth double what its at now.

[zhao]

Yes the long term outlook for them could be very lucrative. The problem I see is if they do things right they could turn into a 30 dollar stock and if they do things wrong they are sears 2.0 with a 2 dollar stock.

I sold cuz I'm looking at short term stuff right now and was a little scared how much it went up today. If it drops tomorrow morning I may jump back in, cuz realistically to me it should be worth 12plus right now. Buying at 10.1 was a no brainer, holding at 12 isn't probably going to see much in the way of gains anytime soon imo, but I'm just an amateur investor.

[littledan]

Originally posted by secol
hope the swingers got out of the green stuff this morning. i sold acb at 3.43 first thing

fruuck.

my stop loss triggered on APH, and ACB today. Got out of APH at 8.25 but my ACB stop loss triggered and didn't fill. Had to manually adjust my sell order and by time I got out was 3.05. My stop on SL triggered and filled at 1.66.

Ended up closing out all of my weed stocks for a nice ~$5k profit on ~$10k investment. Not too shabby! Will look for another entry point here in the next few days depending on the swings.

[SilverRex]

fcx looks like wave c of 2 is starting still hunting for that wave 2 bottom near or below 13

bte wave 3 does look promising, but keep in mind oil may be due for a wave 2 pull back and so energy shares may just be a wave B bounce with lower prices ahead. I may add another position if bte drops back down to the low 3s

nak thanks to some good PR wave 3 appears to be underway as well

[SilverRex]

i am expecting oil to make a sub 2 correction down to the 51-52 area and worse case 50 before wave 3 begins

[SilverRex]

gold

I had my suspicion on my last gold chart that it has momentum to hit the 1290 area. amazingly we are now at this critical resistance zone. this down trendline has held gold back in every instance in 2016 and so one would logically conclude breaking this on first pass especially with RSI being extreme overbought is highly unlikely. we may even witness a possible false breakout?

a reason I was leaning towards weakness in this sectors for the coming weeks and at worse 2+ months.

The only question is, how will gold consolidate? EW wise it can actually move into any of the color zone here.

I can see the continuation of this triangle consolidation thru summer (once the current stock market correction ends, I expect new highs) the possible worse case low swing could come in the 1160-1180 area. I have scaled down my position in anticipation of this .

the performance of the miners has been extremely lack luster and is confirming this as a warning sign. then again, if gold breaks out above 1300, all short term correlation could be off the table and the mad chase may begin. after all, isnt this what the market is about? fooling everyone? just as everyone has giving up this sector or is waiting for 'the pull back' it just accelerates and the triggering of short covering would be alone enough to drive price higher

a more realistic expectation is price still going no where with price retest the 1220-1250 area.

personally I wont be doing anything. I will only buy if gold comes down to the low end of the box #1 and #2.

I still have enough holding in this sector to get excited shall gold price defy everyone's expectation including myself and decided it is time to breakout aggressively now rather than during the typical seasonal summer low. (the latest geo-political landscape and tension is certainly adding to the cause) hence the correction in oil may also be shallow

[SilverRex]

my current gdx count with the assumption that gold will move into the same orange and red box from the chart I posted.

this is a clear trendline breakout when gdx pushed above 23.60 and so we either get a back test of this line some where down the road or a worse case a retest or undercut test of the alt A low. either scenario I do not believe we will break the low of 2016

I am keeping my powder dry to take advantage of any incoming weakness

[SilverRex]

with additional ammo I have increased my gpr position size by 25% on this pull back and testing of the 200EMA

[SilverRex]

fcx

fcx has dropped below 13 and hit the expected wave 2 count requirement. cant rule out a smaller wave for a lower low towards 12.60 but RSI is starting to come out of oversold. confirmation now lies at price closing above 13.30 follow by 13.65 to confirm wave (ii) completion

[ickyflex]

Is there any particular reason why Canadian O&G seems to be so out of flavor?

Ever since BAT talk it's been so soft, even on big oil up days it's super soft. On flat days it sells off and on down days it sells off harder.

[bspot]

BTE is killing me. I should have just played oil with UWT the entire time.

[Manhattan]

Mostly just fear. There's a very small chance that BAT will include Cdn heavy oil imports - US refineries are geared to process Cdn oil and it would make gasoline for US consumers a lot more expensive which no president wants to do. Major oil players like Shell and CP are also leaving Canada so it's not a popular trade in the US. Just the whims of the market.

[ickyflex]

Just seems off to me considering everything is hypothetical. I guess, the market is the market lol.

Hopefully some clarity on the BAT comes into play soon enough so the market can rest at ease.

I kind of figured that was the ase and 3 things can move this higher

1. OPEC Renewal
2. BAT Clarity
3. Really good draw season to break crude $55