Woo!
https://www.bloomberg.com/news/artic...ts-in-15-years
Hopefully this goes well
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)
I have enough oil position. But highly considering dumping all my other gold and silver to buy oil at open.
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
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?
Oil opens at $54
w0000000000
back on oct31, it looked like bte and meg was about finishing sub wave 2 and ready for wave 3.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.
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.
Last edited by SilverRex; 12-11-2016 at 08:41 PM.
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2019 IS350 AWD
20xx NX350 AWD
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
So it's not too late to load the boat on energy today?
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.
^ 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
$12?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.
just the premarket bids. it's down to $9.XX now
What are you guys doing in advance of the Fed meeting this Wednesday? HGD/JDST for a quick flip?
Also...
http://www.bloombergquint.com/market...-suisse-killed
CITI revived these ETNs with higher expense ratios. UWT/DWT are the new tickers
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.
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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.
Last edited by Kloubek; 12-12-2016 at 10:26 AM.
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.
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2019 IS350 AWD
20xx NX350 AWD
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