Official Short-term Investments Thread

[secol]

Originally posted by Redlined_8000
Lol and my friends told me to sell MEG

http://calgaryherald.com/business/en...nds-production

they're funding it by selling more shares. your friends would've saved you a $0.50 drop

[taemo]

Altagas stock dropped 5% this morning due to announced deal with Utility WGL, good time to buy some if you have faith with them.

[ickyflex]

Originally posted by taemo
Altagas stock dropped 5% this morning due to announced deal with Utility WGL, good time to buy some if you have faith with them.

Kind of sucks for them if they wanted to raise equity because it's already being discounted before they can even announce a price

[ercchry]

I can't believe the volatility on gold lately... huge swings

[jacky4566]

Originally posted by ercchry
I can't believe the volatility on gold lately... huge swings

I'm with rex here. Volatility indicates the bulls are slowing down. We are at a turning point down to 1170.

Also picked up some MEG @7.85. Like Apple i have courage they will succeed !

[SilverRex]

even though i would like to get back into Jnug if miners can correct lower. keep in mind, count wise, it would be uber bullish if miners manages to make a new high from this point on. it would mean price is at the beginning of a wave 3 advance.

fcx is also in a simiular situation. after 5 waves off the low 13s, the recent drop is wave 2 follow by wave 3 as well. although a bearish alt count would peg the recent rise as wave B bounce follow by wave C down to 12s. which I welcome as it would be quite a bargain to pick up more shares in fcx in that area.

natgas I am hearing two version. once is that we just had a wave 2 of 3 pull back and it is ready for another new high from here. but there are many that are anticipating natgas to draw back down to 2 or even lower. due to the volatility I am probably not going to do anything. the best approach is to wait for extremes and play the other direction.

for oil, I was expecting a correction from last week, the only question is where she will land. so far technically it bounced off near 50.00 which was the minimum. we have to see how she goes, I know MT price should have a date with 60-65 and top side 76. just have to work thru the current sentiment. would be nice to see the bounce in oil now a wave B as well follow by wave C under 50. I think oil in the 40s would be a good pickup for the next cycle towards 60 oil.

[KO22]

Invested into CCO 2 days ago, been really good to me. Uranium is on its way up

[SilverRex]

silver play update.

bought ndm.to (cost average at 1.39) now 2.87 up 106%
bought gpl 1.54 now 2.29 up 49%
bought usa.to 2.88 (reverse split) now 4.00 up 39%
bought ipt.v 0.60 (actually sold at 0.60)

usa.to has finally started to move, looks as though wave 3 has started on this one too.

bought all of these in the November/December period.

they make up 30% of my portfolio

[KO22]

^ teach me your ways

[littledan]

time to start up the beyond.ca hedge fund...

[KO22]

I'm in.

[killramos]

So anyone on here think there is a chance of RY splitting in the next, say, 6 months?

Been riding a position i picked up in mid September with pretty solid results for such a safe stock.

My theory is if it can break above 100 before may we see a split before July.

[SilverRex]

Originally posted by KO22
^ teach me your ways

my ways are simple. focus on a sector, look for value and add a little bit of technical analysis for entry then buy and hold. I am sure everyone has this down to a tee so nothing new under the sun.

Most would agree my bias is in metals. but recently the move in Uranium may also be a great sectors to play with the Trump administration as the back bone fuel. Might be tempted to get some skin in the game if it produces a significant correction perhaps to backtest the recent breakout

when metals corrected for 4 months and sentiment was beyond extreme bearish. I looked it as a buying opportunity. could I be wrong and if gold breaks under 1k my holdings could all be under water. I have to take a stand while one can use TA to pretty much show you anything you want, I have to pick a side and play like the last 4 months in metals was nothing more than a massive correction. The election throw a wrench in it causing an over extended rally in the US dollar.

If I am right about this the US dollar will be about to top or has already topped and the next move down will light another fire under the yellow metal.

I like gold because the world is standing on a very dangerous financial footing, then when the legs get pulled underneath, the massive fiat and wealth will have to go somewhere. I just love the characteristic of it that it can protect my wealth and also a chance to prosper especially if we get a gold mania repeat of the late 70s, that would be a sight to behold.

[jacky4566]

What stocks is everyone looking at for Uranium?

[SilverRex]

I dopnt hold any at the moment.

but here is good read into the sector and holdings you can look at

http://www.theglobeandmail.com/globe...article624138/

[ercchry]

Last I heard on uranium is that it's not going to go anywhere anytime soon? The Japanese issues are still happening, plus the people that need it apparently have huge stock piles

[Disoblige]

Gold looking to come back before end of the trading day. I might enter a position in miners before the weekend if it looks strong. Also keep in mind it's a holiday Monday for US.

[SilverRex]

interesting gdx is on the BoW list with 91mil, the longer miners consolidate at these level without breaking lower, the higher the probability the next big move is to the upside. that would mean wave 2 is completed and wave 3 is about to begin.

[SilverRex]

i think next week will be a key week for miners. it either needs to start aggressively head down for wave C (my buy zone is between 20.40-21)

but with the BoW on gdx today, it can also produce a head fake and still crash.

but if gold punches above 1206 and makes its move to 1240 sooner rather than later, then it can drag miners up eventually so as you can see in green. wave (ii) could already be done. so if a breakout occurs one can try to chase but have stops under 23

[littledan]

Any thoughts on cve:Kaly?

http://m.marketwired.com/news_room/S...ALY&lang=en-US