Official Short-term Investments Thread

[KappaSigma]

Originally posted by KO22


Damn... After June 2016 Resolute shot to the moon. Wish I knew about that.

Its the permian basin craziness.

Whats sad is i had $60k cdn equivalent at 16 a share. Sold for 2 buck gain. And then didnt get back in until high 20s again.

[SilverRex]

Originally posted by KappaSigma


Its the permian basin craziness.

Whats sad is i had $60k cdn equivalent at 16 a share. Sold for 2 buck gain. And then didnt get back in until high 20s again.

just curious, normally what is your exiting strategy?

normally during entries I would buy multiple positions on the way down and as it rises I will sell them individually on the way up.

in short, it is near impossible to time perfect entries and exit, so the best way is to scale them up in both directions. Otherwise you end up regretting exiting too soon as price continues to head north and vice versa when your buying with both feet

[KappaSigma]

Originally posted by SilverRex


just curious, normally what is your exiting strategy?

normally during entries I would buy multiple positions on the way down and as it rises I will sell them individually on the way up.

in short, it is near impossible to time perfect entries and exit, so the best way is to scale them up in both directions. Otherwise you end up regretting exiting too soon as price continues to head north and vice versa when your buying with both feet

Typically i pull off my cost and let free shares ride. Ive done that for resolute even though i think they either get bought out higher or hit north of 60 later this year.

For lilis im close to doing same thing but they just released a new presentation that looks great (assuming they can execute)

[SilverRex]

dont forget next week China is on holiday due to the Chinese New Year. Last two time as I recall, gold gets smacked down hard during this period. to me that just means a great buying opporunity

[KappaSigma]

Originally posted by SilverRex
dont forget next week China is on holiday due to the Chinese New Year. Last two time as I recall, gold gets smacked down hard during this period. to me that just means a great buying opporunity

The whole week or which specific days?

[SilverRex]

Originally posted by KappaSigma


The whole week or which specific days?

a quick pull up, it appears they are closed up to Thursday next week.

[KappaSigma]

Originally posted by SilverRex


a quick pull up, it appears they are closed up to Thursday next week.

So whats a good entry price into jnug next week?

[BavarianBeast]

Picked up some larger positions in Tourmaline and Painted Pony this week.

There is a bit of chatter that TOU may be a potential M&A target.. Wonder who in the hell who be into buying them...

[KappaSigma]

Originally posted by BavarianBeast
Picked up some larger positions in Tourmaline and Painted Pony this week.

There is a bit of chatter that TOU may be a potential M&A target.. Wonder who in the hell who be into buying them...

TOU as a company has a ton of crap from acq over the years. Poorly run in the field. Big IP wells are masking tons of issues.

[SilverRex]

Originally posted by KappaSigma


So whats a good entry price into jnug next week?

im going to start buying when jnug hits near mid 7s and another mids 6s.

[Disoblige]

Originally posted by Kloubek


How are you feeling about that decision now? The last two days have been brutal.

I'm holding a small position through this, but not liking what I've seen.

Meh, it was small so it didn't matter to me much. I learned to manage risk well now haha. Also I would play JDST with the other free capital I have. Right now my entire portfolio in TFSA is free so I'm quite flexible. I will add another position in JNUG in the mid to low 7s and still have lot of ammo just in case. I enjoy the volatility in leverage plays and it has done quite well for me since I learned to watch DXY, SPY, USD/JPY, gold, and of course GDX/GDXJ.

One could honestly daytrade JNUG and JDST and make a living out of that IMO. My plays are more volume based and often times I find myself scalping for 5-10 cents and as soon as I make a few hundred to 1k USD, I stop. Sometimes I need to hold more than a day or two because the price action was too close to my entry and I didn't want to accidentally trigger the stop. But for me to do that I would need to feel quite bullish on it. Otherwise I let it go.

I figure I make way more money having small wins daily than trying to catch the big fish. Sometimes it will come, but I don't try to bank on it.

[SilverRex]

gold breaking out from a sharp wedge, perhaps it may mark a temporary bottom. will now see if gold is simply trying to just form a more regular downchannel.

gold did bounce off it's 38% fib level and so we can clearly see some buying in this area

[Manhattan]

Really surprised at how much small and mid cap oil players have dipped in last few weeks. Close to Feb/Mar lows of last year when we were looking at $30 WTI. Must be anticipation of an oil supply bump.

[ickyflex]

Originally posted by Manhattan
Really surprised at how much small and mid cap oil players have dipped in last few weeks. Close to Feb/Mar lows of last year when we were looking at $30 WTI. Must be anticipation of an oil supply bump.

It was really just Trump Border Tax that spooked the market actually.

I'd say it's an opportunity once he provides clarity that isn't the intention

[SilverRex]

Meg finally falling into my buying range between 6.5-7.00, picked up 1 small position

sadly miners turned around at open couldnt get my first position under 7.8

gold finding support on the initial test of 1182 is encouraging

[SilverRex]

so far fcx successfully backtest the neckline breakout and remained above the 50DMA. considering a legit breakout on volume. as long as price does not close below the recent low and 50DMA, am continuing to expect fcx marching towards 20-24 in the coming weeks

[SilverRex]

what was thought to be a breakout on the triangle has morphed into a larger one for GPL.

the only question is, will this be a 3 pt consolidation or 5 pt. I think it is waiting for gold to bottom and if it already has, gpl should breakout for good otherwise it will continue to consolidate further

[Disoblige]

I guess the data today really helped gold out. Could have totally went the other way I would think otherwise.

[SilverRex]

Originally posted by Disoblige
I guess the data today really helped gold out. Could have totally went the other way I would think otherwise.

I really wanted to grab a position under 7.8 Jnug. hopefully it can still happen next week. but I fear, if this is all the correction gold puts in, the next move could be pretty big.

the next time gold breaks above 1220, it could be a straight shot towards 1300

[Disoblige]

Originally posted by SilverRex

the next time gold breaks above 1220, it could be a straight shot towards 1300