Official Short-term Investments Thread

[SilverRex]

gold

locking in my JDST 20% profit. with a poor ISM data, it may have just bottom out the gold/pm sector. Technically they broke the previous low for an ABC. While it had not quite reach down to where I wanted but price is more important at this time. if gold takes out 1485, it would mean something else is at play.

edit: started a position in Jnug yesterday near the close. Will add more if pm dives as if there is a new low, it will be OML (lower low) otherwise I am now expecting gold sector to turn
edit: staying on the side line after gold made 5 waves up. Will buy lower or sell higher but not here.

[SilverRex]

Gold

when gold broke down below wave (A), if this was the begging of a real sell off, this area should have became a strong resistance. however price broke thru and now I have to consider this as a very good A=C correctional pattern. The only alt count (if miners still have a lower low ahead correction not done) is to see gold produce some sort of ending diagonal 5 waves down, a good example of this pattern is what we saw for gold between Feb-Apr this year but in a smaller scale.

edit: in JDST here with gold at 1502
edit: not dropping over night, exiting with no loss. wait for a higher short
edit: usa.to as well as some other pms I track have 5 up and 3 down. this looks dangerously it wants to pop. scaling into jnug small position. if gold/pm takes out yesterday's high this may be wave 3 breakout for a new high.
been loading up usa.to on this correction . will see if it will pay off

[SilverRex]

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Weed

now that the legalization is behind us, I continue to believe its buy on rumor and sell on news. the MJ sector should now begin a multi-month decline at the very least for a very significant correction. Until companies can begin to proof themselves with real profits, then the next mania phase will begin.

Now unless this sector surprises everyone and suddenly catches fire and makes a new high, then you may have an extended wave 3 of 5 of 5 occurring so this would be my alt count in green. however I am still leaning towards a major correction taking place and we just had our first 5 waves down for 1 of A. Yes a serious correction could come all the way back down to the previous major wave 3/4 range which is in the 6-18 zone. a typical wave 2 could easily break below 6 bucks if Elliot wave wins yet nothing is ever 100%.

my recommendation is to think for the long haul and save your cash for a better entry. if your still riding, I would start scaling out or taking profits off the table immediately during this counter wave 2 bounce up.

the MJ sector. trying to pick the bottom was futile, exited all my weed position last week after technically all were in breakdown mode. Going back to Nov 2018, I should have just stuck to my big picture count. As we finally are seeing the wave C break down occurring across the sector. The sell on news when MJ was legalized in Oct 2018 was indeed the right call. Weed had completed wave (A) down to about 35 since the top, a wave (B) back up to 70 and now wave (C) which is usually the more scary would land some where in the blue box.

I will be looking to buy back much lower after the slaughter is done.

[SilverRex]

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gdx

looking at gdx, we so far have 5 waves down and 3 waves up. (B), I am expecting a drop to some where in the 24-25 area for the wave (C) bottom. Will be holding my JDST until I at least see gdx break below wave (A). This is my primary count. If gdx invalidates and takes out the wave (B) top, then obviously this means this setup has failed, I will have to exit and turn bullish immediately. the 24 area is also near the 200 day moving average and gap left on the daily chart.

im not getting good vibes with miners, even though metals look bullish, miners are struggling and looks very corrective with the latest slow grinding upwards. decided to exit my position and wait for a better entry.

[SilverRex]

Gold

to remain bullish it needs to turn around here, if gold/silver breaks below the low on oct8, then lower low ahead.

[SilverRex]

TLRY

this is the first to dip to a good buy zone for me. I see a pretty close to complete 5 waves down, opening a small position here. If TLRY capitulates further under 20, will add another position. With the 1 year Cannabis legalization anniversary upon us , regardless if this sector has any more upside or life left, I expect a very good technical bounce out of the sheer over sold conditions of late.

[SilverRex]

gold/silver

while i am still waiting and leaning towards gold to break lower <1458, I have to keep an open mind that count wise, it is still within a 5 up and 3 down setup which generally can be seen as a bullish count. Same with miners. I may have to switch gear and jump back in to a long position if it takes out yesterday's high imo

[BavarianBeast]

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nope, missed this one unfortunately. Will watch over the next few weeks and if dips below $19 i will accumulate shares.

I wouldnt touch lyft or uber with a 30ft pole. Dumping money into companies that lose billions of dollars each year does not sound like a good investment decision imo. I don’t think those companies will ever figure out how to be profitable lol.

Encourage everyone who is interested in a potential huge winner, check out clsd clearside biomedical.undervalued and will be generating some major revenue here shortly with fda approval of a new drug + other shit in pipeline. Do your dd, but i'm in deep on this one as an extremely risky play,but upside could be 600%+ easily.

$clsd. averaged down to 90 cents and ready to rip.

Here we go

[SilverRex]

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Natgas

Natgas is in a major up cycle. my medium term target is in the 3.50s. Looking to buy on the corrections. So far Natgas has given 3 waves up and has topped in the short term. It has formed a down channel. I have taking one position around the current price. If I see 2.3-2.4, I will double up my position

been buying all the way down to 2.2, with natgas seasonality peaking in oct and entering potentially another low cycle in nov/dec. going to just take my profit here. will wait for a better risk/reward entry.

[BavarianBeast]

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$clsd. averaged down to 90 cents and ready to rip.

Here we go

[brucebanner]

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$clsd. averaged down to 90 cents and ready to rip.

Here we go

Are you planning on dumping it today or seeing how it does for the rest of the week?

[BavarianBeast]

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Are you planning on dumping it today or seeing how it does for the rest of the week?

Nah, planning on holding for a while. Still lots of upside to come.

[rx7boi]

Shiet, BB does it again.

[brucebanner]

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Nah, planning on holding for a while. Still lots of upside to come.

What's your forecast? I may have bought some with "beer money" as someone described eariler in this thread.

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Who's got some good investing book recommendations (for beginners)?

[BavarianBeast]

Could be volatile for a while, but so many catalysts to drive the share price up. XIPERE for NDA acceptance on DME, new contracts, U.S launch, possible buyout... they’ve got a good team and good technology to position themselves for some serious growth.

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Shiet, BB does it again.

Finally eh haha

[brucebanner]

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Could be volatile for a while, but so many catalysts to drive the share price up. XIPERE for NDA acceptance on DME, new contracts, U.S launch, possible buyout... they’ve got a good team and good technology to position themselves for some serious growth.

Appreciate the insight

[rx7boi]

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Could be volatile for a while, but so many catalysts to drive the share price up. XIPERE for NDA acceptance on DME, new contracts, U.S launch, possible buyout... they’ve got a good team and good technology to position themselves for some serious growth.



Finally eh haha

Well, I mean you have been out since May haha.

You came back with a vengeance exactly when you said you would.

[bjstare]

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What's your forecast? I may have bought some with "beer money" as someone described eariler in this thread.

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Who's got some good investing book recommendations (for beginners)?

Start reading and watching videos on investopedia.com. You can learn tons there.

[SilverRex]

Gold/PM

been waiting for the shoe to drop for a while, finally the action today looks impulsive. Looking for gold/pm sector to find a bottom in the next couple of days. Ideally I want to see both gold.pm make new lows. I will be loading up with this final OML drop.

[BavarianBeast]

Picked up Chesapeake energy just now. Quick flip $1.31 avg