Official Short-term Investments Thread

[cloud7]

Looks like oil is taking another run down toward $40 today. EIA reported that crude oil stockpile increased by 1.2 million barrels last week... not a surprise, but I guess some experts expected that number to be smaller or the stockpile to be decreasing. I wonder which way oil will go after the OPEC meeting this week.

[troyl]

Trican at $0.62 oooops. Please cut on Friday OPEC.

[ercchry]

BNN today is fucking depressing... Looks like Saudis figure $40 isn't enough to kill off the shale plays... $28 was just predicted

[bjstare]

Originally posted by ercchry
BNN today is fucking depressing... Looks like Saudis figure $40 isn't enough to kill off the shale plays... $28 was just predicted

You have to try and remember though, predictions don't mean shit. You can find people predicting $20 oil in 2016, as well as $60 oil in 2016.

Having said that, I'll agree today is a depressing day haha. I'm trading WTI ETFs a bit and I was hoping for a little bounce today so I could unload some UWTI...obviously that's not happening.

[ercchry]

Gold ftw

[sputnik]

Originally posted by ercchry
BNN today is fucking depressing... Looks like Saudis figure $40 isn't enough to kill off the shale plays... $28 was just predicted

The real question now is if the Saudis have enough money to hang on until $28.

If oil bounces around the $40 mark for too long the Saudis might be in a lose-lose scenario.

[sputnik]

Originally posted by ercchry
Gold ftw

More like ... Nasdaq, S&P500 and DJIA

I am moving more and more money into the US and International markets these days.

The only Canadian holdings I still have are with the banking industry, some larger manufacturing and retail (CoucheTard and Canadian Tire).

[bjstare]

Originally posted by sputnik


More like ... Nasdaq, S&P500 and DJIA

I am moving more and more money into the US and International markets these days.

The only Canadian holdings I still have are with the banking industry, some larger manufacturing and retail (CoucheTard and Canadian Tire).

Agreed. Currently I'm about 60% in US markets, but I'm transitioning more as time goes on.

[Vanish3d]

Bad time to be stuck in HOU.... was really hopping for at least a short term bounce at $40

[riander5]

Dont worry i was in the same boat but with UWTI

[SilverRex]

taking a small position in PWT just for fun with the gains i made from my recent gold/silver mining stocks.

also switched my position in slw to yri in anticipation that the recent gold rally will extend (actually I had both slw/yri but seeing how well yri has performed since I increased my position significantly on nov11, I am merely moving all my slw holdings into yri)

[ickyflex]

Markets today

[SilverRex]

Originally posted by ickyflex
Markets today

yup I have no faith in the general stock market right now except commodities. Considering all major asset classes are all extremely beaten down yet the equity market continues to inch higher. This divergence isnt healthy and imo is not sustainable. Something will give, either an extreme rally in the asset sector in 2016 or another stock market crash.

2016 will be a fun year to watch

[bjstare]

Originally posted by Vanish3d
Bad time to be stuck in HOU.... was really hopping for at least a short term bounce at $40

Originally posted by riander5
Dont worry i was in the same boat but with UWTI

Hopefully you guys got out before today?

I cashed out of UWTI and crystallized a loss. Decided to dump the money into XLE in the meantime, it's a lot nicer to hold for a few weeks than a degenerating leveraged fund haha.

Once oil starts to trend anywhere but sideways, I'll start thinking about DWTI/UWTI again.

[riander5]

My TFSA was at a 50% gain in the summer

Those have all been erased now back to even.

[bjstare]

Originally posted by riander5
My TFSA was at a 50% gain in the summer

Those have all been erased now back to even.

I'm looking at something similar (although my gains weren't as good as yours). Tough to see, but whenever I feel down about it, I just chart my TFSA against the S&P/TSX composite returns and it makes me feel better haha.

[max_boost]

I have a long term portfolio that I don't touch but I do day trade the Top60 (XIU). It's always profitable, 2-3% here there is better than a day's work. Today looks like a good day to dump a couple thousand shares unless it drops another 300pts tmr. Back to back slaughterhouse.

[Vanish3d]

Originally posted by cjblair





Hopefully you guys got out before today?

No..... debating pulling the trigger at a big loss now, but as soon as I do I know it'll jump up to $40 just to taunt me

[cloud7]

Originally posted by Vanish3d
Bad time to be stuck in HOU.... was really hopping for at least a short term bounce at $40

Oil will go back up... Provided that you haven't bought HOU at a really high price, then you may not have to sit too long to break even. I got in on some positions at $7 and I am not worried. I knew that it is more of a longer term play when I bought it.

[ercchry]

Originally posted by cloud7


Oil will go back up... Provided that you haven't bought HOU at a really high price, then you may not have to sit too long to break even. I got in on some positions at $7 and I am not worried. I knew that it is more of a longer term play when I bought it.

Leveraged long term holds don't work... Even if oil goes up I doubt you'll break even