Official Short-term Investments Thread

[riander5]

90 strike sep 16 expiry

From what I can tell on the chart (the stock is trading in an extremely well defined triangle) it should have room to go up to about 96ish before it hits the upper trendline and is OB at the same time.

Will likely sell then - looks like it may hit that sometime this week

[Cooked Rice]

Isn't UWTI due for a split soon if this downtrend still continues? Glad I dumped mine over a week ago.

[Marsh]

bought some DWTI @129. planning to hold for 2 weeks max.

[bspot]

Originally posted by Marsh
bought some DWTI @129. planning to hold for 2 weeks max.

Brave guy. I feel way too late to the party for DWTI.

[InRich]

I'm just curious what you guys think about investing in silver bullion. And not ETFs or whatever, actual physical silver

[bjstare]

Originally posted by bspot


Brave guy. I feel way too late to the party for DWTI.

Way late, IMO. Wait til it trends up and pick up UWTI.

[bjstare]

Originally posted by InRich
I'm just curious what you guys think about investing in silver bullion. And not ETFs or whatever, actual physical silver

It would be cool for the novelty factor. As a short term investment it's impractical. If you're going to keep it for 5, 10, 25 years, why not.

[bspot]

Tried to jump in LABD at close, but a meeting meant my order went at 2:01 and didn't fill.

Going to look for entry in the AM.

Anyone play with UVXY, TVIX, SDS or SPXU? SPY looks ready to break down.

[Cooked Rice]

I think you are still OK with DWTI, if this is head and shoulders, we still have a little more low to come. But it's going to hit in days not weeks.

EIA is tomorrow, good luck!

I'm out of all oil positions until we have a positive trend.

[bball2]

Originally posted by bspot
Tried to jump in LABD at close, but a meeting meant my order went at 2:01 and didn't fill.

Going to look for entry in the AM.

Anyone play with UVXY, TVIX, SDS or SPXU? SPY looks ready to break down.

Might've been a good thing it didn't fill! Chance to get in lower today

[bspot]

Originally posted by bball2

Might've been a good thing it didn't fill! Chance to get in lower today

Yup, that may have worked out alright... haha.

I don't get what's up with Bios. Maybe SilverRex nailed it and it's going to be a stupid straight up run like miners were.

It just seems there has to be some sort of pull back.

Maybe I shouldn't have watched the Big Short on the weekend.

Who knows

[Disoblige]

LABD looks scary, but so tempting.
Safe to assume you bought in this morning bspot? lol

[ercchry]

6% day so far for meg.... Hopefully this is the start of a decent run, would love to ditch these contracts soon!

[bjstare]

Originally posted by Disoblige
LABD looks scary, but so tempting.
Safe to assume you bought in this morning bspot? lol

I think you guys are crazy getting into LABD right now, why bet against the trend?

Also, XBI has tried to break the $60 resistance a couple times... now that it's finally done it, what's to stop it from heading up to the >$70 range now??

Thoughts?

[bspot]

Originally posted by Disoblige
LABD looks scary, but so tempting.
Safe to assume you bought in this morning bspot? lol

I did. Unfortunately not my first buy. I bought at the top of the previous price channel as well, but cut my losses on that position.

I think I'm early again. There is no resistance at all to XBI until $64.87 on the weekly.

It's also poking out of the top BB on the weekly. I'm setting a stop at today's low for LABD.


» Click image for larger version

[bspot]

Originally posted by cjblair


I think you guys are crazy getting into LABD right now, why bet against the trend?

Also, XBI has tried to break the $60 resistance a couple times... now that it's finally done it, what's to stop it from heading up to the >$70 range now??

Thoughts?

Completely agree. It just "feels" late to be jumping back on LABU, but there is so little in the way of resistance.

I really want a pull back to jump back in LABU, but I'm not going to make a pullback with bad bets on LABD.

[riander5]

Sold LABU back at around 35 after buying at 28. Thought I was mr smarty pants then

[riander5]

Originally posted by bspot


Completely agree. It just "feels" late to be jumping back on LABU, but there is so little in the way of resistance.

I really want a pull back to jump back in LABU, but I'm not going to make a pullback with bad bets on LABD.

I dont think LABD is a bad play... but i wouldnt expect it to double like the last few times. I think there will be a correction and then labu will continue its way up. Like someone said earlier there is not much resistance technically for XBI until 70's

[Vanish3d]

I've been on the fence on LABU/LABD. I can't decide which side of the fence I want jump into. I can never get it right with XBI.

Similar feeling now with JNUG/JDST -

[bspot]

Originally posted by riander5
Sold LABU back at around 35 after buying at 28. Thought I was mr smarty pants then

Me too.

I had half my position I was letting run with a trailing stop, and the price went 5 cents below my stop and exploded up from $34.90.

That hurt. Stupid stops.

Looking at the daily MACD for XBI I feel even dumber. Why not just wait for the cross? Why??