ROFL time for me to buy BTE.Originally posted by bspot
BTE is killing me. I should have just played oil with UWT the entire time.
ROFL time for me to buy BTE.Originally posted by bspot
BTE is killing me. I should have just played oil with UWT the entire time.
It's just a meh market, but I just bought 5g of cve.to. I was tempted to do 15g but I'll hold off to see what it does in the next little bit.
People have been dumping that cenovus like crazy, and for a few kinda good reasons. Realistically I think I'll be holding it for months too, but I have a feeling it's pretty cheap now and close to a bottom. We may even see a minor increase very shortly.
Chevron wants out of the oil sands now too. US investment has pretty much all left. I'm beginning to think Cdn oil won't attract much capital even at $60-80 oil because we're seen as a tough operating environment (operationally and govt).
gold
moment of truth. Ro4 breakout? we shall see
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20xx NX350 AWD
NUGT > JNUG. Nuff said.
JNUG is an annoying POS but it looks like it's getting into buy territory today
Maybe you missed the news?
http://finance.yahoo.com/news/direxi...html?.tsrc=rss
The stock will no longer be pegged to the junior gold miners and will trade solely on the sentiment of traders. It could tank or rocket. Don't hold it for too long and remember there is a reverse 1-4 split in two weeks. Usually, reverse splits are not a good sign. It will be interesting to watch for sure.
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I definitely did miss that news.
The sentiment of traders in relation to what? The weather?
What a bizarre little fund... time to trade something else until it all clears up I guess
A company that has fallen that much is way too risky for my blood.
I'm going into oil and gas more now. Cenovus sprung back a bit today so I'm already happy with that decision last week.
I just bought ppy.to. That's another gamble like cenovus, same type of very unpopular buyout tanked its stock price as well, but I think it may pay off later this year. The stock is very cheap for what it is Imo.
PPY is screaming buy under 6 bucks
I thought exactly that myself.
I've been doing a fair bit of reading looking for a reason not to buy them and it's hard to see why their stock is valued so much less then their competition. IMO it basically comes down to people being afraid of the deal they just struck doubling down on NG in montney by doubling their potential output.
Same shit as with Cenovus deal on oil that shareholders hated to double thier output, except the PPY deal seems like they got a better deal.
I'm actually hoping PPY falls a bit more so I can justify buying more, but it sure looks sitting near a bottom.
gold
well what do you know, gold cannot confirm breakout over 1290 and has formed a reversal candle on the daily chart which is generally bearish.
i was not expecting the breakout until the summer weakness is over. then again if gold does manage to close above the high 1295.5, then all bets may be off the table. until then expecting continuous weakness
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2019 IS350 AWD
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oil sell off for a sub 2 correction is on script. looking for a bottom some where between 50-51.6 unless it decides to get bullish and breaks above 53 to end thisOriginally posted by 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
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2019 IS350 AWD
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well bte has finally got back down to the previous wave A low at 3.26, adding a position here in anticipation of a wave C bottom, equities in general also has the potential to begin a wave 3 move towards new highs
gold is coming down as expected. hopefully a good buying opportunity will present itself in a couple of weeks time
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2019 IS350 AWD
20xx NX350 AWD
with equities starting to act like the next rally is underway
will oil get dragged higher? or does it still needs to make its correctional range by testing the 50-51 area.
watch if oil can breakout of the down channel to follow stocks higher.
i am jumping the gun on bte as I always do.
my own line in the sand is that I will exit all my energy position if oil closes below 49.55 until such a time, I remain optimistic
Last edited by SilverRex; 04-19-2017 at 10:15 AM.
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2019 IS350 AWD
20xx NX350 AWD
its funny with all the latest news and changes with gdxj. Jnug is now acting like a 2x etf where as Nugt is acting 3x... as it says they are not creating more shares for jnug.
Last edited by SilverRex; 04-19-2017 at 08:46 AM.
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2019 IS350 AWD
20xx NX350 AWD
Anybody watching Source Energy Services IPO? Went public on Apr 13.
I don't know much about fraccing sand but they don't seem to be doing too hot.
51.5 looks to be in
All aboard the SS: JNUG!
I did manage to grab some ACB at 2.6 this morning so lets hope for a quick return. I figure it should be good for some swing trading in the next few months.
Operator Of Beyond's Official Cardano pool.
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my current count in oil as long as it does not close below 49.55
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2019 IS350 AWD
20xx NX350 AWD