Official Short-term Investments Thread

[SilverRex]

zooming out

the two scenario

gold still has not crashed and so the longer it holds above 1260+ the more probable the upside scenario unfolds.

if gold does breakout, I may want to take profit and wait for a back test of the multi-year channel line for a BTFD (last chance before take off)

otherwise I am prepare to buy in the low 1200s

[KO22]

PPY just getting killed..

[BavarianBeast]

Originally posted by KO22
PPY just getting killed..

Good buying opportunity .

Heard some buzz surrounding Enrbidge over the weekend.

[zhao]

Ya which I'm actually liking even though I bought a bunch in the low 5s. If it goes much lower I'm thinking of buying more. Ppy is a gamble I think could pay off pretty big and I actually like it better then my cve purchase. It's hard to see ppy going much lower then it currently is.

Speaking of cve, it had quite the rebound in the last couple days. Might actually exit them earlier then I thought with a decent return if things continue to go well in the next few days. I'll be pretty surprised if it continues up at its current pace though.

[bspot]

I'm back in UWT, since oil going up seems to do nothing for BTE

[SilverRex]

fcx meets estimate. launch pad here? we shall see, technically been always expecting a bottom in the 12s. just waiting patiently for it's time

[SilverRex]

Originally posted by bspot
I'm back in UWT, since oil going up seems to do nothing for BTE

technically oil looks damaged. but hey what do I know.

[bspot]

Originally posted by SilverRex


technically oil looks damaged. but hey what do I know.

The multi-month up trend is still intact. I think if it re-tests now, it fails.

It's currently testing the 50 week and 200 day MA. If it closes below those, I bail.

Basically, weak reaction to API and I'm out.

[SilverRex]

oil can bounce from here I think it has made 5 waves down

for gdx, it looks quite bearish and so the summer weakness may very well in play. while gold is holding up well, it can too (assuming miners are leading gold) then gold could crash below 1260 any moment.

I am scaling back down but over the course of the next few months there will be bounces and lower lows. I will be preparing for good re-entry.

[Kloubek]

Jnug took another absolute beating today. One must think there is a buying opportunity mounting.

[b_t]

I've been sitting out JDST/JNUG this whole time because of the reverse splits, halting creation units, etc. but have missed out on 68% gain on JDST in just a couple weeks. Every day I think JDST has had its run, it goes and posts double digit gains again....

JNUG has gotta be getting really close to buy territory.

[SilverRex]

fcx

after price broke below 12.55 last week to suggest another 5 waves lower, this 5 waves may have been completed and could very well be a truncated wave 5. With fcx meeting estimates, it has rebounded pretty solidly today in 3 waves up. Now price must gold above 12.61 and make a push for a 5th wave above 13.36 to confirm we have our first 5 waves leg up.

big picture remains in tact, we have a beautiful 1-2, 1-2 setup. not often do you find a chart this clear. if the count pans out we shall see price over 20 this year

[Disoblige]

Originally posted by b_t
I've been sitting out JDST/JNUG this whole time because of the reverse splits, halting creation units, etc. but have missed out on 68% gain on JDST in just a couple weeks. Every day I think JDST has had its run, it goes and posts double digit gains again....

JNUG has gotta be getting really close to buy territory.

The suspension was lifted yesterday. I didn't think the premium was that huge in the first place, so didn't predict it would drop massively. But as you can see, it still did.

[KO22]

Hmm wondering if I should continue to hold CVE going into earnings tomorrow

[ickyflex]

Originally posted by KO22
Hmm wondering if I should continue to hold CVE going into earnings tomorrow

You have earnings and Trump expected to announce tax reforms

[suntan]

CVE will continue to drop as they get closer to Killing Shareholder Wealth day.

[zhao]

Originally posted by KO22
Hmm wondering if I should continue to hold CVE going into earnings tomorrow

I'm keeping it because tomorrow is a wildcard. I'm actually surprised it isn't sitting in the 13s going in to tomorrow, because I would have figured people would be doing a lot more of what you're asking. I view that as a good sign that maybe tomorrow won't be a shit show for the company. They do have some explaining to do for everyone who has taken a bath on it, and maybe we'll see newsshareholders like.

i haven't the foggiest idea what it will do tomorrow through.

[BavarianBeast]

AVXL: Good buy at $5.73
TBPH: I would buy under 40

[BavarianBeast]

AVXL: Good buy at $5.73
TBPH: I would buy under 40

[suntan]

Buy HCG.