Official Short-term Investments Thread

[bball2]

Darn definitely a bad call holding onto GPRO puts for the earnings. Went from like +40% to like -80%-90% tomorrow

[bball2]

Or not?

I'll just have to wait till tomorrow I guess


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[SilverRex]

US dollar is dropping like it should after topping and post FOMC. gold is moving like it should so not much to say about them other than just to hold on tight for a few weeks. 20-25 days.

for oil. oil has not confirmed any bottom yet. but this morning there is potential for a reversal.

RSI and MACD divergences showing up. a double bottom near 41.67 so far acting as support. The very first signs that a bottom may be in place is first price needs to get back above the 50DMA and down trendline by breaking and holding above 42.50 then if it can also produce a swing low on the daily by breaking above 43.20, I would say that will be a very good confirmation that the low may be in.

failure to produce upside confirmation would mean downside pressure remains and next new low will target 41.5 and 39

[SilverRex]

with oil continue to correct and grinding lower. it has finally dragged down energy stocks into a lower wave C low.

While I have one small position in bte. I will only add if it can hit the lower channel and near the 200DMA between 5.25-5.5 (5.35 is the 50% retracement of the 1.5-9 run)

nothing says it has to go there because price has already broken below wave a. now it is up to oil to find a bottom and it can reverse at any time.

I suspect both stock market and oil will bottom together and move up together

Meg is in a similar pattern. if bte hits the low 5s. I suspect Meg will test or break below 5.21 which has been my red bearish alt path I posted way back ago. I cant believe it is all playing out.

[ercchry]

Meg earnings today... Already down 5% out front... Should be interesting

Edit: oh, already released... Guess that explains it

http://www.financialpost.com/m/wp/ne...s-crude-slumps

[Meback]

How are you guys playing meg and bte?

N/M lol. didnt read.

[Vanish3d]

how safe is JNUG really?
Contemplating if I should pull profits, or add more...

[troyl]

Added more MEG shares and calls.

[riander5]

Originally posted by Vanish3d
how safe is JNUG really?
Contemplating if I should pull profits, or add more...

How safe is a 3x leveraged etf? uhhh

[Vanish3d]

^Point taken

Looks like it's dropping anyways, so right answer would've been to lock profits

[SilverRex]

gold is in a healthy correction and profit taking. once that is completed, it will just reverse and continue to step higher over the next 20-25 days. nothing goes straight up

[theken]

I'm hoping Meg makes its way back up a little bit. I'm down quite a bit. Was going to sell while I was up....did not do that lol

[Manhattan]

Record low costs and near record production are all positive signs for MEG. Just couldn't realize a higher price which is out of their control. I'd pick up more at this point but it's not worth the risk just to average down a couple cents.

[riander5]

Originally posted by Vanish3d
^Point taken

Looks like it's dropping anyways, so right answer would've been to lock profits

Taking profits is never a L

look at it that way

Getting stopped out minutes before FOMC by market manipulation is. Still crusty about that. fucking retail investing is bs

[el_fefes]

Sold HOU at a ~20% loss, holding BTE and may wait for further pullback to average down... at least that has not decay.

My wife put her tax return on HOU as well. She's not gonna be a happy camper

At least i'm in the green on YRI and USLV.

[bjstare]

Anyone thinking of UWTI or HOU soon? I'll probably be thinking about that if WTI edges towards the $40 mark.

[ickyflex]

Anyone own Alaris? Entering or leaving lol

[KappaSigma]

I took a 5k loss on bte. Choked cause yestetday i missed a sell order by 2 cents minutes before eia which would have saved me. Oh well.

I think oil as more downside. Whether its warranted or not. Market sentiment seems very negative on oil and i prefer to wait until that turns around. Hoping oil hits mid 30s and baytex in 4 dollar range.

[bspot]

I've had this green channel line drawn on here since June. I really wish I had traded according to it.

In on LABD with a stop that will give this a chance to double top within a couple days. We shall see. The chart and hindsight again leaves me feeling foolish. During the run up there is always a point where it feels like this time it isn't going to make it and I take profits too early. I'll learn one day.


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[bspot]

Originally posted by SilverRex
gold is in a healthy correction and profit taking. once that is completed, it will just reverse and continue to step higher over the next 20-25 days. nothing goes straight up

What's your exit plan for JNUG? Last time I noticed you waited quite a bit longer than me to sell it and move to miners, and as a result I left a lot on the table.