Official Short-term Investments Thread

[SilverRex]

gdx

well if you look at the last chart on gdx, I was expecting gdx to break below wave (A) and find a bottom some where in the 20-21 area. we are now here. the bottom could be in at any day or moment. maybe on the heels of the NFP report but I think we should know this no more than a week at worse.

looking for a 5th wave down to perhaps fill the gap that was left in 2016.

technically we have broken below wave (A) which fulfills the ABC flat correction requirement, it will be hard to think of any short term bounce being the take off without believing it is only a counter trend rally follow by lower lows. I am prepare to enter nugt if price can fill the gap and get into the range of 20.3-20.5

if gdx did bottom yesterday, then it needs to find its way back above 21.75 follow by a breakout above 22.28

[SilverRex]

gpl

havent posted much on this ever since it technical broke down below the 1.5 area (like many other charting) a recount was needed. instead of beginning a new wave when price slightly broke a new 52 week high. the entire move off since May 2016 has now been an extremely lengthy ABC flat.

I made some good coin buying at the bottom of wave (A) late last year and fortunately was able to take a good chunk profit off the table when price was testing 2.2 as a result my cost average after getting back in is under wave (A) as I was slowly buying back in small increments between the 1.2-1.8 area

(lesson moment - it is always good to take profit off the table when you are in a position to do so. things can change on a dime)

I did increase my position size recently and now may light up my position on the next major bounce. I wont completely exit as price has fallen so much that there is actually more upside potential then downside risk. but I do intend to set myself up for a chance to buy back between the 0.8-1.00 region

[zhao]

^ thx for posting your charts and explainations btw. Very interesting reads.

As for my current pick tv.to is up to 1.16 from a low of 1.08 yesterday (I bought at 1.095) it'll likely go a bit higher as zinc recovered over night and this morning. At current zinc prices I'd say 1.17-1.2 is realistic for this stock but today and maybe Monday are going to be the last days we see action unless zinc prices do something additional.

[degeneratetrader]

does anyone here know if PDT rule applies to us canadians? and if so, does it apply to futures?

[SilverRex]

sil.v

took a position last week at 1.58 as price backtest the previous top at 1.50 and hitting the 61% retracement level. although it does looks like it needs 1 more wave lower. will see if price can get back above 1.92 to solidify the bottom

[bspot]

BTE looks to be breaking out:


» Click image for larger version

[SilverRex]

gdx

still waiting for the final wave v of 5 drop down to the 20-20.50 area.

with RSI divergence and miners holding extremely well with gold down 8 dollars I suspect any sudden drop below 21 would trigger buying.

however, cant rule out the bottom may have been struck when price hit 20.89 since it fulfilled the wave (c) requirement by dropping below wave (a).

with that said, price will need to make a wave 3 pop and take out 21.75 follow by 22.28 to confirm new cycle has begun

[SilverRex]

nak

it has been a couple of weeks since I last posted on nak. Price has pretty much double off the low so far and the green bullish 1-2, 1-2 count remains intact. the only change was that wave ii took a bit longer.

to remain bullish, price needs to break above this rising channel and remain above it. the moment prior wave (i) and wave i tops are broken to the downside then the alt bearish count will come alive.

these two critical support are now 1.59 and 1.84

the 1.99 area is also critical resistance and is the 38% retracement resistance from the 3.44 to 1.09 drop, so closing above it would be significant and could attract shorts if price can break thru here.

[SilverRex]

gdx has cleared the first hurdle above 21.75, if it can clear the final hurdle above 22.28 we may have ourselves a bottom at 20.89

[cloud7]

It's been a nice run up for Kinross. I am going to safe route and take some profit off the table and then see what happens.

[BavarianBeast]

Solid progress on PPY, finally.

To $14 we go

[Disoblige]

TSLA & PPY

Targeting $350 for TSLA, strong support at $320s.

[max_boost]

got ripped on APH. bought at 6.73 and now 5.54 one week later lol some things never change haha

[zhao]

Ppy definitely ftw today. However, I'm unsure if this is the start of it's climb upwards that I've been banking on; I was pretty sure it would rocket up today but I think we may see a dip soon and then it start going consistently up in summer. I'm not selling, more thinking about possibly buying more. 14 seems optimistic too, I'm hoping for 9ish personally. 14 would be awesome though

Tv is up 5% too from when I bought so I'm pretty happy with that stock too. Zinc has gone up nicely and the stock is below what it should be trading at now. I'm figuring it's going to do nothing impressive until next week when they release their quarterly report, and then think it may rocket up as well.

[zhao]

Originally posted by max_boost
got ripped on APH. bought at 6.73 and now 5.54 one week later lol some things never change haha

You continually lose money at stocks?

I'd say if you're buying randomly you probably shouldn't be buying stocks, and might want to just dump your money into a mutual fund. Now first off, i'm amateur hour for trading (I have some basic knowledge from taking finance + I had a financial planner prof and a securities prof that both told good stories for advice/trading strategies that I still remember 20 years later), and there is a lot of different methods I know work for people to pick stocks. For example: I'm fascinated by our highly technical trader in this thread, and he's clearly making some solid picks with his strategy too.

I'm doing ok with my investments because i'm not picking stocks on the whim of the day. I'm sticking to watching 10-20 companies, and I research the shit out of the company and their market, and only go in for what I think are no brainers.

Some of my picks in the last 2 months were bbd.b at 2.01, rsi at 6.14, acq at 21ish, ftg at 3.68 (missed that boat ), hbc at 10.10, tv at 1.09, ppy at 5.19, cve at 14.30 (misjudged that bottom hard, but i'm confident that pick will hit decent numbers within a year).

All those seemed like no brainers to me for a lot of reasons, but a major reason for all of them was I thought almost every single one was undervalued, and the worst likely scenario was I break even eventually. I'm not buying crap on the way up trying to ride the train. The other significant factor was everything I bought was bought on a downturn, often on a piece of bullshit news that doesn't really matter that people will forget about within a week (like hbc's daughter company data leak).

I try to understand what makes a stock move too. some are easy, like TV, which pretty much just follows the peaks and valleys of zinc. Some I honestly dont have a clue wtf is causing it to be volatile.

What also works for me is in addition to evaluating a company's worth, I'm viewing stock trading as primarily a psychological experience. People trade on fear: omg what if it keeps going down! omg what if it goes up and I miss out! Making decisions based on that is how people lose the most money IMO, but using that to guess what the market will do can help to make money (This is definitely working with my mining stock tv.to. Lots of panic anytime zinc goes up or down a decent chunk. I also use this to decide when to exit out of a stock). I'll also follow stuff like EODDATA not because I believe in it, but because other people believe in it, and since so many people do, that makes it true IMO.

One other thing. IMO investing can be like a pyramid scheme. It needs fresh people jumping on board to drive it's price up, so if the little old lady at the supermarket tells you to buy gold, she is the last fucking person in the telephone chain of information, so when the last person on the planet just heard about this 'great new guaranteed investment that's making everyone rich'..... well, you better sell it, because it's about to crash lol.

Now some may say everything I've said is crap because well, it is lol, or its the opposite of what they do, but IMO, it doesn't matter, because so far it's worked pretty good for me... The important thing is find something that works for you and stick to that, or if nothing works, pay someone else to do it for you. If you're buying stuff randomly, you might as well just go to the casino and bet that money on black. I'll also say this.... if I was 20 years older, or dealing with 20x more money, I wouldn't be doing anything close to what i'm doing now. i'd probably just buy a bunch of mutual funds or dividend stocks



As for APH, I haven't spent long enough researching marijuana anything to actually want to buy it, but APH falling to 5.55 has peaked my interest to start looking in to it. If I were you I'd be looking long and hard at potentially buying a lot more of it if it falls further. My quick glance at it says anything close to $5 seems like a deal, and I'm not seeing any glaring reason why it wont go back to around what you paid for it.

[SilverRex]

gdx and gdxj combined for -303m yesterday on the SoS list. miners could possibly open up and end the day in red.

[SilverRex]

oil

ever since oil broke below 49.55 it was technically damaged and I expected price to eventually take out the triple bottom at 47. so far price has found support in the 44 area due to the multiple support it had formed in the past. will this hold?

for the short term, price is nearly at the previous neckline break and so price 'should' find very stiff resistance between the 48.5-49.1 area. right now oil is bearish plain and simple. until it can reclose above the 50 and 200 EMA 50+ I would expect any bounce to be just a counter rally.

if anyone is bullish, than watch 47 carefully. if price takes out 47 to the downside before it can reclose above 50.00 that is another bearish sign or confirmation oil is about to make another shoot downwards towards 44.00

[Vanish3d]

What is the deal with DRYS?
pre-market on investing.com shows it's up 600%
My bank shows it closed at 6.72 yesterday (instead of ~0.96
I don't see any notes about a reverse split, nor any news to cause a massive pop

[SilverRex]

Originally posted by Vanish3d
What is the deal with DRYS?
pre-market on investing.com shows it's up 600%
My bank shows it closed at 6.72 yesterday (instead of ~0.96
I don't see any notes about a reverse split, nor any news to cause a massive pop

its reverse split. it appears they continue to reverse split when price fall below 1.00 in order to meet certain listing for fund investing requirements.

I have some beer money in it and will just ignore the stock.

[SilverRex]

fcx

looks like it is flagging in the 11s area (wave 4?) waiting for one more lower low to complete the 5 waves unless price can close above 12.50

ccj

looks like extended wave 4 as well. also looking for that one more lower low under 9.34 before I open my first position

oil

watch 47, if this breaks. bearish notion remains. over all oil is weak and even if it can close above 50 I will only view it as being back to neutral.

gold

to gain bullish momentum and perhaps seal the bottom on this daily cycle, gold needs to produce a swing low by taking out 1228 to the upside until such a time it too remains weak as it seeks out a bottom

gdx

miners has been outperforming gold imo and with a good 5 waves up, it is hard to argue it may just put in a higher low while gold can make a lower low. I am still waiting for the perfect bottom in the 20.3-20.5 area. that may or may not come.

current count feels like bottom is in and we are either in wave 3 of (1) or 5 of (1). gdx is on the verge of breaking above 22.28 a penny away