Official Short-term Investments Thread

[BavarianBeast]

I've majorly increased my position with Blackbird Energy, BBI.V.

I had taken a small position about 2 years ago and was up over 100% on it, happy to add to my position at these levels. I think they will become a decently large montney player in the next couple years.

[secol]

BBI got a decent jump when they purchased more land from POU last week in exchange for shares. seems to be hitting resistance of 0.69. acquisition closing is the 15th. wonder when/if POU will liquidate their position since that might present a bit of a buying opp? i already hold a small position in BBI as well from last year, *only* up 20%

http://www.marketwired.com/press-rel...bi-2192904.htm

[EF9 Sedan]

I've had terrible luck with JNUG the past two weeks... I buy one direction, it shoots the opposite. lol I should share with everyone the direction I'm buying so they can buy the opposite and profit.

[SilverRex]

Originally posted by EF9 Sedan
I've had terrible luck with JNUG the past two weeks... I buy one direction, it shoots the opposite. lol I should share with everyone the direction I'm buying so they can buy the opposite and profit.

or learn to do the opposite yourself

[GT.....O?]

Originally posted by BavarianBeast
I've majorly increased my position with Blackbird Energy, BBI.V.

I had taken a small position about 2 years ago and was up over 100% on it, happy to add to my position at these levels. I think they will become a decently large montney player in the next couple years.

I posted about them in July, when they were around 0.18-0.20.

I also think they are going to do really well, and headed in the right direction, they have more drilling and fracs coming up, and with finally tieing in thier production i think we could see another good bump.

Of course, having a positive outlook on it is easy when your up 125%... .. average share price of 30 cents

[Mack10]

What happened with Umbral Energy? (CNSX:UMB), up 100% in the last 2 hours of trading today. Don't see any news or updates. I've been holding on to this forever and have been wanting to get rid of it. Hopefully this isn't a pump and dump and I missed the boat

[oster]

Originally posted by secol
BBI got a decent jump when they purchased more land from POU last week in exchange for shares. seems to be hitting resistance of 0.69. acquisition closing is the 15th. wonder when/if POU will liquidate their position since that might present a bit of a buying opp? i already hold a small position in BBI as well from last year, *only* up 20%

http://www.marketwired.com/press-rel...bi-2192904.htm

I held a large position of BBI w/ avg of 0.45... Sold and bought their warrants instead. The time value right now is 0.06 which I feel is a bargain and outlook is great.

I don't think POU would exchange land for shares and then turn around and sell the shares for just a incremental profit. They see long term value with BBI.

[secol]

yeah. i just remember VII - POU last year and VII sold the majority of their POU shares in the year of acquisition i think

[SilverRex]

gold breaking down the H&S neckline which remains bearish with a potential target of the 1200 area. However, it has also produced a reversal hammer by testing and bouncing off the 18% retracement of the 1180-1244 move.

with miners creating a higher low while gold made a lower low this week, caution surprise is to the upside shall gold close above 1232._

[SilverRex]

ccj continues to move like the bottom is in.

fcx also holding well, not sure if it requires more news out of the permit thing to garner traction. not doing anything here, might move up my stop loss

gpl that final wave 5 of 5 move, it did manage to poke slightly higher by a few pennies (above 2.10 to 2.12) not sure if this is all she wrote and a bigger correction begins possibly back down to the 1.8 area.

I was hoping for an exit around 2.2, but if this does not come or I have to ride thru a daily cycle draw down, then so be it. not going to miss the upside potential by being to cute with the smaller swings.

[SilverRex]

this is my interpretation and count still hasnt changed from the last time I posted a chart on this. still expecting a wave C low.

I believe oil has made 5 waves off 42 and still in correction possible diving towards 50 or slightly under 1 last time for wave C of (ii) then wave (iii) will be fun and to realize the iH&S target in the 60-75

however if oil breaks under 47, all bullish bets are off the table.

[Vanish3d]

so is this a good time to start buying UGAZ?
it looks like it just touched the trend line.

[SilverRex]

Originally posted by Vanish3d
so is this a good time to start buying UGAZ?
it looks like it just touched the trend line.

possibly, i was looking more around 2.7-2.8 area for a quick flip. My chart shows the line in that area anyways. though keep one thing in mind, this is the 4th time it has tested that rising neckline. a break = Ro4 breakout or breakdown which is a significant signal.

[SilverRex]

gold has negated the h&s neckline i mention yesterday and currently looks bullish

update: spoke too soon, looking like a head fake, basically 1232 rejected price and gold is now closing back below the neckline. bearish tone resumes.

ccj is flying this morning

[Vanish3d]

Originally posted by SilverRex


possibly, i was looking more around 2.7-2.8 area for a quick flip. My chart shows the line in that area anyways. though keep one thing in mind, this is the 4th time it has tested that rising neckline. a break = Ro4 breakout or breakdown which is a significant signal.

let's try it for a quick flip. I picked up UGAZ at 20. If it could make a 10% today that would be just great !

[SilverRex]

after ccj bottomed beautifully under 10.5 for wave v of C of (II). it is playing out in wave iii of (i)

I do not expect it to break out above 13 just yet and would expect a good wave 2 pull back (sort of like the wave i-ii under 11 big on a bigger degree.

the real wave (iii) will be fun once it begins.

[SilverRex]

for Nak/ndm.to I was waiting for a big correction (big reason why I took profit early). and so finally some negative news came out and crushed it 30% this morning.

considering I made some good coin in this, I will use the profit made and may scoop up a small position if I see a lower low. I may have to tread carefully as the drop is pretty impulsive and if the top was actually wave 5 of (1), then a wave 2 could drag price down to the 0.6-1.15 area

[bball2]

Reason for the drop in gold this morning?

http://www.bbc.com/news/business-38972572

[Vanish3d]

damn, got greedy and didn't take profits from UGAZ, instead got stopped at break even.

Now I'm considering DGAZ as it's flirting with the support line

[Disoblige]

Originally posted by bball2
Reason for the drop in gold this morning?

http://www.bbc.com/news/business-38972572

Yep, absolutely. Good day to trade leveraged miners.
Whether or not they do hike in March is debatable and probably unlikely, but keeping this option open I believe was Yellen's intent.